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With a sample of 91 small Turkish firms, this study examines the factors that affect the use of financial statements, and the important information they contain, to make decisions. A principal components analysis identifies three key variables that determine the use of financial statements:...
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willingness of privately held firms to cede company control. Based on a questionnaire entailing 75 privately held firms backed by … PE, we show that family firms cede less control than non-family firms when entering a PE transaction. However, if firms …
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willingness of privately held firms to cede company control. Based on a questionnaire entailing 75 privately held firms backed by … PE, we show that family firms cede less control than non-family firms when entering a PE transaction. However, if firms …
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pecking order hypothesis, private equity is a finance of last resort. Tests of the pecking order and its assumptions have … balanced financial and non-financial resources of private equity with the need to cede control rights. Non-financial resources … were valued more highly when resolving family issues. The observed pecking order was driven by control rights. Important …
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