credit using the context of Jordan, a bank-based emerging market, focusing on the impact of family firms. To account for the … bivariate probit regression and its usage using treatment effect regression. The article documents that family firms are less … likely to obtain a line of credit and their drawdowns are smaller compared to non-family firms. These findings support the …

of Chinese listed family firms which have transferred the power to family successors during 2005-2018, we find that … family firms deeply influenced by Confucianism intend to take a big bath via asset write-downs in the year before the … Confucianism is weaker. Family firms with more asset write-downs have better short-term performance after the succession, but lower …

In recent years, the financial investment level of enterprises particularly family firms has increased rapidly. This …-generation succession is an important reason for family firms’ preference for financial investment. Using 9,701 firm-year observations of … financial investment in family firms, while successors with professional background have less preference for financial …