Ntoung, Lious Agbor Tabot; Oliveira, Helena Maria Santos de - In: Journal of risk and financial management : JRFM 13 (2020) 1/5, pp. 1-18
structure and leverage. It therefore takes into consideration the existence of any significant differences between the leverage … structure than those of non-family owned businesses. This indicates that most family firms use less debt financing than non …-family firms, and as such maintain a lower level of debt. Secondly, family firms demonstrate lower risk as illustrated by the …