IDEAS home Printed from https://ideas.repec.org/a/fip/fedlrv/00066.html
   My bibliography  Save this article

Stylized Facts on the Organization of Small Business Partnerships

Author

Listed:
  • Espino, Emilio

    (The Universidad Torcuato Di Tella)

  • Kozlowski, Julian

    (New York University)

  • Sanchez, Juan M.

    () (Federal Reserve Bank of St. Louis)

Abstract

The authors study the internal organization of small business partnerships and focus on the number of owners and ownership structure and the dynamics of these variables. They find that partnerships tend to have a small number of owners with equal distribution of ownership shares. Moreover, while partnerships with equally distributed shares tend to keep this distribution constant, those with unequally distributed shares tend to move toward more equal distribution over time. The authors highlight that these facts are in line with the theory of private information in small business partnerships proposed by Espino, Kozlowski, and Sánchez (2014).

Suggested Citation

  • Espino, Emilio & Kozlowski, Julian & Sanchez, Juan M., 2016. "Stylized Facts on the Organization of Small Business Partnerships," Review, Federal Reserve Bank of St. Louis, vol. 98(4), pages 297-310.
  • Handle: RePEc:fip:fedlrv:00066
    DOI: 10.20955/r.2016.297-310
    as

    Download full text from publisher

    File URL: https://files.stlouisfed.org/files/htdocs/publications/review/2016-12-05//stylized-facts-on-the-organization-of-small-business-partnerships.pdf
    File Function: Full text
    Download Restriction: no

    File URL: http://dx.doi.org/10.20955/r.2016.297-310
    File Function: http://dx.doi.org/10.20955/r.2016.297-310
    Download Restriction: no

    More about this item

    JEL classification:

    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • D86 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Economics of Contract Law
    • D92 - Microeconomics - - Micro-Based Behavioral Economics - - - Intertemporal Firm Choice, Investment, Capacity, and Financing
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fedlrv:00066. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Kathy Cosgrove). General contact details of provider: http://edirc.repec.org/data/frbslus.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.