We investigate the impact of family blockholders on the firm's debt agency costs under different investor protection environments. On one hand, families--through their undiversified investments, inter-generation presence, and reputation concerns--can mitigate debt agency costs. On the other hand, families--through their unique power position that can lead to private benefits extraction and higher ...
By Andrew Ellul
Paperback: 62 pages
Publisher: BiblioGov (February 8, 2013)
Product Dimensions: 7.4 x 0.1 x 9.7 inches
Format: PDF Text TXT ebook
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