Anderson, Ronald C.; Duru, Augustine; Reeb, David M. - In: Journal of Banking & Finance 36 (2012) 6, pp. 1744-1758
incentives, risk aversion and extended investment horizons, which potentially influence the level and type of investments that …We explore the relation between family ownership and corporate investment policy. Our analysis centers on two … ownership structures. When dividing long-term investment into its two components of R&D and capital expenditures, we note that …