Entrepreneurs may be legally bound to bequeath a minimal stake to non-controlling heirs. The size of this stake can reduce investment in family firms, by...
We find that ownership changes much less over time in private firms than in public firms. The average largest shareholder in private (public) Norwegian...
This paper develops a theory of governance and inheritance within family firms based on kin altruism (Hamilton, 1964). Family members weigh the payoffs...
This paper uses a unique dataset from Denmark to investigate the impact of family characteristics in corporate decision making and the consequences of...
Family firms are a widespread control structure in most countries, especially among smaller firms. A vast literature addresses the question of whether...