...Markus Fütterer; Marina Kononova; Marc Steffen Rapp We study the impact of labor market regulation ( LMR ) on the cash holdings of founding family firms (FFFs). Analyzing publicly listed firms across 17 European countries, we find compelling evidence that FFFs increase their cash holdings...

...Dilrukshi Dimungu-Hewage; Jannine Poletti-Hughes We take the perspective that specific traits that distinguish family from non-family firms are essential for the understanding of the impact of board diversity on the likelihood of corporate fraud. Grounded on the behavioural agency theory, we argue...

... 24 developing countries from all over the world, our main results show (i) the size of the firm is an important factor in the level of leverage; (ii) small family firms do not follow the pecking order; (iii) the country of incorporation is an important determinant for the debt financing decisions...