Family business succession and its impact on financial structure and performance
Molly, V., Laveren, E., & Deloof, M. (2010)
Family Business Review, 23(2), 131-147
Panel of 152 SMEs, 1991 to 2006 (Belgian authors; country not named in the abstract). First-to-second-generation transfer lowers the debt rate and growth; later-generation transfers reverse the debt effect; profitability is unaffected.
Sourcedoi:10.1177/089448651002300203314 citations (OpenAlex)