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Library/Succession, ownership transfer and family business

B8FT50

Inheritance law and investment in family firms

Ellul, A., Pagano, M., & Panunzi, F. (2010)

American Economic Review, 100(5), 2414-2450

10,004 firms from 38 countries, 1990 to 2006. Stricter forced-heirship law lowers investment in family firms that experience a succession, with no effect on non-family firms.

Sourcedoi:10.1257/aer.100.5.2414219 citations (OpenAlex)

Full citation

Ellul, A., Pagano, M., & Panunzi, F. (2010). Inheritance law and investment in family firms. American Economic Review, 100(5), 2414-2450.

https://doi.org/10.1257/aer.100.5.2414

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.