Ownership succession, risk taking and debt financing from the perspective of the institutional environment.

Ownership succession, risk taking and debt financing from the perspective of the institutional environment.

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This study examines family firms listed on China's A-share market, using a two-way fixed effects model to explore the impact of ownership succession on debt financing and the moderating role of the institutional environment. The findings indicate that second-generation ownership succession redu...

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Bibliographic Details
Main Authors: Yanbo Liu, Hanzhou Liu, Decai Tang, Chenxi Yin, Lin Kong
Format: Article
Language:English
Published: Public Library of Science (PLoS) 2025-01-01
Series:PLoS ONE
Online Access:https://doi.org/10.1371/journal.pone.0327492
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