Family Control and Financing Decisions

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Doing More with Less: Innovation Input and Output in Family Firms (2016, unknown): “…Arregle, Hitt, & Webb, 2008), (5) the ratio of exter-nal expenses for R&D to total sales (also referred to as external technology acquisition [Kotlar, De Massis, Frattini, Fang, & Bianchi, 2013]), and (6) R&D expenses divided by the firm ’ s equity market value (Croci, Doukas, & Gonenc, 2011).”
Financing Decisions in Family Businesses: A Review and Suggestions for Developing the Field (2017, background): “This higher trust of banks in family firms results in easier access to credit in general (Bopaiah, 1998), and more long-term debt in particular (Croci et al., 2011).”
Financial Decision Making in Family Firms (2014, methodology): “, 2008), this has yet to be determined on financial issues, which rely predominantly on single-respondent designs or databases (e.g., Amore et al., 2011; Croci et al., 2011; Molly et al., 2012).”
Risk aversion in family firms: what do we really know? (2012, background): “They mostly underpin this notion with findings that family firms invest less in (risky) R&D projects (Le Breton-Miller et al., 2011; Muñoz-Bullón and Sanchez-Bueno, 2011; Croci et al., 2011; Anderson et al., 2012; Su and Lee, 2012) or aim for lower levels of debt than non-family firms (as debt might”