... business that offers appropriate conditions of access to information and complexity due to the number of generations and family members that interact and the number of business units that make up the organization. The case study was supported by the stakeholder theory and the signalling theory. The data...

... asymmetry costs, and mitigate perceived risk among outsiders (Galvagno et al., 2023). Hence, the core components of signalling theory are the signallers (i.e. the what), signals (i.e. the how), and receivers (i.e. to whom) (Botero et al., 2023). In the context of family businesses...

... business (FB) heterogeneity, it also explores the moderating role of the family CEO. Design/methodology/approach We draw on signalling theory and hand-collected data on Italian family IPOs that occurred in the period 2000–2020, disentangling the intended use of IPO proceeds as distinguished into three...