Altruism, intention for succession, and family firms' risk-taking behavior
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Date
2016
Authors
Shi, Yulin
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Abstract
This study addresses the effects of altruism and intention for succession on family
firm's risk-taking behaviors. Results show that higher levels of familial altruism in family
firms with succession plans lead to lower levels of R&D investment, but have no
significant impacts on their earnings management. Also, altruism in these family firms
decreases their cost of debt.
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Keywords
altruism, family firm, succession, risk taking