The aim of this paper is to examine the importance of the different theoretical proposals that explain a firm's capital structure in relation to the existence of an optimal debt ratio, the preference of the firm for internal financing and the consideration of financial constraints. The contrast...

Spanish Abstract: El objetivo de esta investigación es analizar la influencia de la implantación del Protocolo Familiar en los resultados (performance) de las empresas familiares.Si bien los Protocolos Familiares se presentan como una herramienta clave para favorecer la continuidad de las...

The aim of this paper is to analyze the influence of the legal and institutional environment on bidder firm returns around the announcement date of cross-border Mergers and Acquisitions (M&As). The database includes 469 M&As of European (221 cross-border and 248 domestic) listed firms, with...

This article examines the long-run stock market performance of German and Spanish initial public offerings (IPOs) between 1990 and 2000. We distinguish between family- and nonfamily-owned business IPOs by using the power subscale of the F-PEC. Buy-and-hold-abnormal returns (BHAR) are calculated...

The aim of this article is to analyse the determinants of the decision to acquire unlisted rather than listed firms in different legal and institutional environments. We estimate a probit model considering the mergers and acquisitions (M&As) announced by European listed firms (19 countries) that...

The aim of this study is to analyze the determinants of delisting decisions on the Alternative Investment Market (AIM) in London (United Kingdom) for Small Medium Enterprises (SMEs), examining the differences between family and non-family firms in addition to the impact of the financial crisis....