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Capital Markets and the Longevity of Family Businesses

Author

Listed:
  • 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.

Suggested Citation

  • Bhattacharya, U. & Ravikumar, B., 1996. "Capital Markets and the Longevity of Family Businesses," Working Papers 96-16, University of Iowa, Department of Economics.
  • Handle: RePEc:uia:iowaec:96-16
    as

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    More about this item

    Keywords

    CAPITAL MARKET; INVESTMENTS; FAMILY;

    JEL classification:

    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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