Inter Vivos Transfers of Ownership in Family Firms
James Hines (),
Niklas Potrafke (),
Marina Riem and
Christoph Schinke ()
No 22301, NBER Working Papers from National Bureau of Economic Research, Inc
This paper examines the determinants of inter vivos (lifetime) transfers of ownership in German family firms between 2000 and 2013. Survey evidence indicates that owners of larger firms, and firms with strong current business conditions, transfer ownership at higher rates than others. When a firm’s self-described business condition improves from “normal” to “good” the likelihood of an inter vivos transfer increases by 46 percent. Inter vivos transfer rates also rose following a 2009 reform that reduced transfer taxes. These patterns suggest that transfer taxes significantly influence rates and timing of inter vivos ownership transfers.
JEL-codes: D22 D31 H24 (search for similar items in EconPapers)
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Published as James R. Hines & Niklas Potrafke & Marina Riem & Christoph Schinke, 2019. "Inter vivos transfers of ownership in family firms," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 26(2), pages 225-256, April.
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Journal Article: Inter vivos transfers of ownership in family firms (2019)
Working Paper: Inter Vivos Transfers of Ownership in Family Firms (2016)
Working Paper: Inter vivos transfers of ownership in family firms (2016)
Working Paper: Inter vivos transfers of ownership in family firms (2015)
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