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Does family ownership always reduce default risk?
(WileyAccounting and Finance Association of Australia and New Zealand, 2021)
info:eu-repo/semantics/article,
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 ...
Measuring credit risk in family firms
(SAGE, 2020)
info:eu-repo/semantics/article,
This article attempts to identify the default risk measure which best reflects the idiosyncratic context of public family firms. Seven accounting- and market-based measures are compared over a sample of 981 US family and ...