Identificador persistente para citar o vincular este elemento: http://hdl.handle.net/10553/118909
Título: Private family firms, generations and bank debt
Autores/as: Díaz Díaz, Nieves Lidia 
García Teruel, Pedro J.
Martínez Solano, Pedro
Clasificación UNESCO: 5311 Organización y dirección de empresas
Palabras clave: Bank Debt
Family Firms
Founder
Generation
Fecha de publicación: 2022
Publicación seriada: Accounting and Finance 
Resumen: This paper focuses on the use of bank debt by private family firms and whether it is higher for the first generations of family businesses than for their descendants and subsequent generations. We use a unique hand-collected data set of 4,041 private Spanish firms for the years 2004 to 2013. We find statistical evidence that family-controlled firms make greater use of bank credit. Moreover, we show that first-generation family firms acquire more bank debt than those of second and subsequent generations. Furthermore, during financial crises, family-controlled firms were subjected to less rationing, with increased bank financing for first generations.
URI: http://hdl.handle.net/10553/118909
ISSN: 0810-5391
DOI: 10.1111/acfi.13013
Fuente: Accounting and Finance[ISSN 0810-5391], (Enero 2022)
Colección:Artículos
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