This article analyses founding family influence on pay-out policies for Swiss listed firms over the period 2003-2010. We hypothesise that family firms have different incentives and characteristics that affect pay-out decisions and propose three possible explanations: agency theory, reputation...

In this paper, we examine the role of dividends as a corporate governance mechanism in founders' controlled firms to mitigate agency conflicts between founders and minority shareholders in the Indian context. We show that at higher level of ownership where founders possess effective control over...

This paper examines whether the financial strategies of family firms in Japan differ from those of non-family firms, and whether financial strategies affect the relationship between family involvement and firm performance. Based on a dataset of 3,559 firms and 65,608 firm-year observations, our...

This paper studies the difference between startup investments by private equity funds (buyout funds; PE) and venture capital funds (VC). PEs, which have traditionally invested in mature companies, have been increasingly investing in later-stage startups in recent years. Based on Crunchbase's...