stake can reduce investment in family firms, by reducing the future income they can pledge to external financiers. Using a …-2006 interval, we find that stricter inheritance law is associated with lower investment in family firms, while it leaves investment … unaffected in non-family firms. Moreover, as predicted by the model, inheritance law affects investment only in family firms that …

This paper develops a theoretical model predicting the difference in investment policy between entrepreneurs and family … less flexible ownership structure does not exploit all their growth potential. …

growth while leaving short term foreign debt and investment in net fixed capital nearly unchanged. This work builds a model … in GDP growth as a result of a falling cost of long term finance and the increasing competitiveness of domestic industry. …

explore the relationship between asset growth, investment, and cash flow and find that firms use all available internal funds … to channel towards asset growth even during the financial crisis. We conclude that firms in Asia were resilient to the …

, growth and productivity. Our motivation for studying the corporate governance challenges faced by Latin America partly arises …

, despite high distress-risk and high growth-leverage, firms in financial distress have low returns from high volatility that …

growth opportunities. Also,higher accountability and lower income inequality are associated with more ef-fective legal …

The firm growth dynamics is an important topic since the growth performance of firms is the main source of the economic … growth in countries. Generally, crises produce a sharp decline in firms’ growth and this leads to a decline in both the level … of employment and the income of households. This paper focuses on the role of firm leverage on the growth performance of …

This paper uses a very large sample of French SMEs to study growth of small businesses. Firms are distinguished … sales growth than feasible, given firm internal financing resources (ie they adopt a conservative growth behavior). Because … firm growth is limited not by financing constraints but by family-related incentives to restrict firm size, increasing firm …

The recent financial crisis has reopened the debate on the impact of informal and formal finance on firm growth in … developing countries. Using unique survey data, we find that informal finance is associated with higher sales growth for small … firms and lower sales growth for large firms. We identify a complementary effect between informal and formal finance for the …