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Capital Markets and the Longevity of Family Businesses

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Author Info

  • Bhattacharya, U.
  • Ravikumar, B.

    ()
    (University of Iowa)

Abstract

This paper models a family business as a closely-held technology that cannot be contracted upon. Each generation can either bequeath the business to the next generation, or it could sell it through a financial intermediary and bequeath the revenue.

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Bibliographic Info

Paper provided by University of Iowa, Department of Economics in its series Working Papers with number 96-16.

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Length: 18 pages
Date of creation: 1996
Date of revision:
Handle: RePEc:uia:iowaec:96-16

Contact details of provider:
Postal: University of Iowa, Department of Economics, Henry B. Tippie College of Business, Iowa City, Iowa 52242
Phone: (319) 335-0829
Fax: (319) 335-1956
Web page: http://tippie.uiowa.edu/economics/
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Related research

Keywords: CAPITAL MARKET; INVESTMENTS; FAMILY;

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