Leverage and Family Firms: A Multi-Theoretical Approach
Impacto
Scholar |
Otros documentos de la autoría: Camisón-Haba, Sergio; Clemente-Almendros, José Antonio; Forés, Beatriz; Grueso Gala, Melanie
Metadatos
Mostrar el registro completo del ítemcomunitat-uji-handle:10234/9
comunitat-uji-handle2:10234/8645
comunitat-uji-handle3:10234/146067
comunitat-uji-handle4:
INVESTIGACIONEste recurso está restringido
https://doi.org/10.4018/978-1-6684-3550-2.ch014 |
Metadatos
Título
Leverage and Family Firms: A Multi-Theoretical ApproachAutoría
Fecha de publicación
2022Editor
IGI GlobalISBN
9781668435502Cita bibliográfica
CAMISÓN-HABA, Sergio, et al. Leverage and Family Firms: A Multi-Theoretical Approach. En Research Anthology on Strategies for Maintaining Successful Family Firms. IGI Global, 2022. p. 324-341Tipo de documento
info:eu-repo/semantics/bookPartVersión de la editorial
https://www.igi-global.com/book/research-anthology-strategies-maintaining-succes ...Versión
info:eu-repo/semantics/publishedVersionResumen
This chapter analyses the relationship between ownership structure and leverage, providing an integrated
theoretical approach that combines traditional financial theories, agency theory, and recently developed
theories ... [+]
This chapter analyses the relationship between ownership structure and leverage, providing an integrated
theoretical approach that combines traditional financial theories, agency theory, and recently developed
theories relating to non-financial preferences. The results show that, after controlling for endogeneity,
being a family firm has a positive effect on the propensity to incur debt. These findings add to the existing
body of literature and underline the need for a multi-theoretical approach when explaining the capital
structure of family firms. The authors apply panel data methodology to control for individual hetero-
geneity of family firms. The chapter uses a sample of Spanish firms operating in the tourism industry. [-]
Publicado en
Research Anthology on Strategies for Maintaining Successful Family Firms. IGI Global, 2022. p. 324-341Derechos de acceso
Copyright © 2022, IGI Global. Copying or distributing in print or electronic forms without written permission of IGI Global is prohibited.
http://rightsstatements.org/vocab/InC/1.0/
info:eu-repo/semantics/restrictedAccess
http://rightsstatements.org/vocab/InC/1.0/
info:eu-repo/semantics/restrictedAccess