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 …

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 laws affects investment only in family firms …

Abstract This paper analyses succession in family firms from a contractual perspective. A firm is regarded as a nexus … are in differing degrees tied to the firm through asset specificities. Succession can affect the value of such assets. In … this sense they become stakeholders with vested interests in the succession process. The theoretical discussion of affected …

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 laws affects investment only in family firms …

have theoretical and practical implications for R&D investment in the family business succession process. …Family firms face the dual challenge of succession and innovation. Based on the attention-based view, this study … empirically investigates the effect of intergenerational power gap on corporate R&D investment, using a sample of Chinese listed …

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 …

This paper proposes a growth-oriented dual-income tax by combining an allowance for corporate equity with a broadly … demonstrates the neutrality properties of the reform with respect to investment, firm financial decisions and organizational choice …. Tax rates are chosen to prevent income shifting from labor to capital income. The reform decisively strengthens investment …