Differentiating entrepreneurs from family business founders

Anaïs Hamelin

Working Papers of LaRGE Research Center from Laboratoire de Recherche en Gestion et Economie (LaRGE), Université de Strasbourg

Abstract: This paper develops a theoretical model predicting the difference in investment policy between entrepreneurs and family founders based on the firm ownership flexibility. Moreover, this paper provides evidence on the fact that small business with less flexible ownership structure does not exploit all their growth potential.

Keywords: Small business; Growth; Ownership structure; Investment; Risk; Performance. (search for similar items in EconPapers)
JEL-codes: G31 G32 L26 (search for similar items in EconPapers)
Date: 2010
New Economics Papers: this item is included in nep-bec, nep-ent and nep-sbm
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Persistent link: https://EconPapers.repec.org/RePEc:lar:wpaper:2010-17

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