Luo, Jin-hui; Liu, Yue; Peng, Chenchen - In: China journal of accounting studies 11 (2023) 1, pp. 55-76
phenomenon has drawn intense attention from both government regulators and academia. In this study, we argue that the second-generation … Chinese family listed firms from 2007 to 2018, we find that the second-generation succession has a positive effect on … investment. Further, the positive effect exists mainly in both preparation and epistasis stages of second-generation succession …