... between social capital and the cash conversion cycle. In addition, I show that corporate risk-taking measures and the cost of capital mediate this relationship. I find unconstrained firms increase their cash conversion cycle days longer than constrained firms. Additionally, I show that corporate risk...

... in the global economy, have the potential to affect asset market equilibrium and the cost of capital for both family and nonfamily firms. We propose an equilibrium model that incorporates the key features characterizing family firms – receipt of nonpecuniary socioemotional benefits, holding a nontraded and non...