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http://hdl.handle.net/1942/40827
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DC Field | Value | Language |
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dc.contributor.author | JANSSEN, Ellen | - |
dc.contributor.author | VANDEMAELE, Sigrid | - |
dc.contributor.author | VOORDECKERS, Wim | - |
dc.contributor.author | VANCAUTEREN, Mark | - |
dc.date.accessioned | 2023-09-04T12:54:17Z | - |
dc.date.available | 2023-09-04T12:54:17Z | - |
dc.date.issued | 2023 | - |
dc.date.submitted | 2023-09-04T12:28:06Z | - |
dc.identifier.citation | Accounting and Finance, | - |
dc.identifier.uri | http://hdl.handle.net/1942/40827 | - |
dc.description.abstract | We relate two routes of intra-family ownership succession (i.e., succession financed with versus without debt) to post-succession financial performance. Investigating a sample of 203 privately-held family businesses, our results show that the succession-induced performance paths of the two subgroups are significantly different. When debt is used to fund the intra-family share transfer, financial performance significantly increases in the post-succession period. This phenomenon is absent when no debt is used to fund succession. We attribute the performance gap to a governance device characterising the debt-financed succession route: debt creation at succession leads to firm-level efficiency gains. | - |
dc.description.sponsorship | This research has benefited from funding from BOF UHasselt (Special Research Fund) | - |
dc.language.iso | en | - |
dc.publisher | WILEY | - |
dc.rights | 2023 Accounting and Finance Association of Australia and New Zealand. Free access | - |
dc.subject.other | family firms | - |
dc.subject.other | financial debt | - |
dc.subject.other | financial performance | - |
dc.subject.other | governance | - |
dc.subject.other | ownership succession | - |
dc.title | Investigating performance implications of intra-family ownership successions: Equity transfers with versus without debt creation | - |
dc.type | Journal Contribution | - |
local.bibliographicCitation.jcat | A1 | - |
dc.description.notes | Vandemaele, S (corresponding author), Hasselt Univ, Res Ctr Entrepreneurship & Family Firms, Agoralaan Gebouw D, B-3590 Diepenbeek, Belgium. | - |
dc.description.notes | sigrid.vandemaele@uhasselt.be | - |
local.publisher.place | 111 RIVER ST, HOBOKEN 07030-5774, NJ USA | - |
local.type.refereed | Refereed | - |
local.type.specified | Article | - |
local.bibliographicCitation.status | Early view | - |
dc.identifier.doi | 10.1111/acfi.13157 | - |
dc.identifier.isi | 001052099900001 | - |
local.provider.type | wosris | - |
local.description.affiliation | [Janssen, Ellen; Vancauteren, Mark] Hasselt Univ, Fac Business Econ, Diepenbeek, Belgium. | - |
local.description.affiliation | [Vandemaele, Sigrid; Voordeckers, Wim] Hasselt Univ, Res Ctr Entrepreneurship & Family Firms, Agoralaan Gebouw D, B-3590 Diepenbeek, Belgium. | - |
local.uhasselt.international | no | - |
item.contributor | JANSSEN, Ellen | - |
item.contributor | VANDEMAELE, Sigrid | - |
item.contributor | VOORDECKERS, Wim | - |
item.contributor | VANCAUTEREN, Mark | - |
item.fullcitation | JANSSEN, Ellen; VANDEMAELE, Sigrid; VOORDECKERS, Wim & VANCAUTEREN, Mark (2023) Investigating performance implications of intra-family ownership successions: Equity transfers with versus without debt creation. In: Accounting and Finance,. | - |
item.fulltext | With Fulltext | - |
item.accessRights | Embargoed Access | - |
item.embargoEndDate | 2025-09-30 | - |
crisitem.journal.issn | 0810-5391 | - |
crisitem.journal.eissn | 1467-629X | - |
Appears in Collections: | Research publications |
Files in This Item:
File | Description | Size | Format | |
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Investigating performance implications of intra‐family ownership successions_ Equity transfers with versus without debt creation.pdf Restricted Access | Early view | 1.21 MB | Adobe PDF | View/Open Request a copy |
Investigating performance implications of intra-family ownership successions.pdf Until 2025-09-30 | Peer-reviewed author version | 487.16 kB | Adobe PDF | View/Open Request a copy |
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