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Library/Succession, ownership transfer and family business

B7FT50

The effect of succession taxes on family firm investment: Evidence from a natural experiment

Tsoutsoura, M. (2015)

Journal of Finance, 70(2), 649-688

Greece's 2002 cut in tax on intra-family business transfers. Succession taxes cause a decline of more than 40% in investment around family successions, slower sales growth and cash depletion, and "strongly affect the decision to sell or retain the firm within the family". (Abstract source: Wiley page.)

Sourcedoi:10.1111/jofi.12224144 citations (OpenAlex)

Full citation

Tsoutsoura, M. (2015). The effect of succession taxes on family firm investment: Evidence from a natural experiment. Journal of Finance, 70(2), 649-688.

https://doi.org/10.1111/jofi.12224

This page describes a work published elsewhere. The summary, where present, states what the authors claim; it is not the school's position. Read the source before quoting a figure.