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Does family ownership always reduce default risk?

Abinzano Guillén, María Isabel ; Corredor Casado, María Pilar ; Martínez García, Beatriz (WileyAccounting and Finance Association of Australia and New Zealand, 2021) Artículo / Artikulua

This paper analyses the effect of family ownership on the outcome of the firm’s risk‐taking activities, measured by the company’s default risk. We show that family ownership reduces the probability of default, which is ...