Capital structure decision making: a model for family business

By C. Romano, George Tanewski, Kosmas X. Smyrnios. 2001

716 citations recorded by the source corpus.

Subfields: Accounting, Organizational Behavior and Human Resource Management

View Paper: https://www.semanticscholar.org/paper/ce9ddb7882bbd503d9fe45e467c875cbc5b32f0e

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Citations in the corpus

Financing Decisions in Family Businesses: A Review and Suggestions for Developing the Field (2017, background): “When family businesses consider using external sources of financing, leverage remains by far the most preferred funding option for family firms (Burgstaller & Wagner, 2015; Croci, Doukas, & Gonenc, 2011; Koropp, Grichnik, & Kellermanns, 2013; Poutziouris, 2001; Romano et al., 2001).”
The Views of Family Companies on Venture Capital: Empirical Evidence from the UK Small to Medium-Size Enterprising Economy: (2001, background): “It could be argued that the pecking order hypothesis is particularly relevant to family firms, as they are widely characterized by an aversion to outside capital infusions (Dunn & Hughes, 1995; Gallo & Vilaseca 1996; Poutziouris et al., 1998; Romano et al., 2000; Poutziouris, 2000), and they experie”
What do we know about entrepreneurial finance and its relationship with growth? (2015, background): “One meta-analysis (Rosenbusch et al., 2013) concluded that VC portfolio companies have higher growth rates compared to non-VC backed companies, but a large fraction of the difference is explained by VCs selecting high growth industries.”
Family Business Succession and Its Impact on Financial Structure and Performance (2010, methodology): “Finally, in all our analyses we also integrate firm size as a control variable corresponding to Romano, Tanewski, and Smyrnios (2001), Delmar, Davidsson, and Gartner (2003), and Anderson and Reeb (2003) by means of the logarithm of total assets.”
Innovation in family and non-family businesses: a resource perspective (2010, background): “Family firms can differ in terms of goals (Lee and Rogoff, 1996), size and financial structure (Westhead and Cowling, 1998; Romano et al., 2000), international structures and strategies (Tsang, 2002; Zahra, 2003), corporate governance (Randøy and Goel, 2003) and entrepreneurial behaviour (Naldi et…”
The Trade-Off Between Financial Resources and Agency Costs in the Family Business: An Exploratory Study (2007, background): “These findings seem to suggest that family businesses adhere relatively strongly to the pecking order hierarchy (Poutziouris, 2001; Romano et al., 2000).”
A two-part fractional regression model for the financial leverage decisions of micro, small, medium and large firms (2009, background): “…main models for size-based sub-samples (e.g. Cassar and Holmes 2003). zPapers somewhat related to the study of the capital structure of micro firms are those examining the financing decisions of family business owners (e.g. Romano et al. 2001), since many micro firms are indeed family businesses.”
Capital Structure Decisions During a Firm's Life Cycle (2011, background): “An analysis of the international literature on capital structure, as one of the main elements in determining value, shows that a principal research priority is the attempt to apply capital structure theory to small firms (Berger and Udell 1998; Michaelas et al. 1999; Romano et al. 2001; Gregory et a”