Capital Markets and the Longevity of Family Businesses

Utpal Bhattacharya () and B Ravikumar

Working Papers from University of Iowa, Department of Economics

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.

Keywords: CAPITAL MARKET; INVESTMENTS; FAMILY (search for similar items in EconPapers)
JEL-codes: M10 M21 (search for similar items in EconPapers)
Date: 1996
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Persistent link: http://EconPapers.repec.org/RePEc:uia:iowaec:96-16

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