Using a sample of hi-tech Chinese small and medium-size enterprises (SMEs), we compare financing costs for family and nonfamily firms. We find that family SMEs enjoy relatively lower average financing costs through mitigating agency problems, the provision of greater collateral, and the reliance...

In this paper, we apply the so-called meta-frontier non-radial directional distance function approach to a performance analysis of 143 Chinese banks over the period 2006–13. We find that relative to the group frontier in each market segment, the Big-5 Chinese banks display good efficiency....

In this paper, we apply the so-called meta-frontier non-radial directional distance function approach to a performance analysis of 143 Chinese banks over the period 2006-13. We find that relative to the group frontier in each market segment, the Big-5 Chinese banks display good efficiency....

In this paper, we apply the so-called meta-frontier non-radial directional distance function approach to the performance analysis of 143 Chinese banks over the period 2006–13. We find that relative to the group frontier in each market segment, the Big-5 Chinese banks exhibit good efficiency....

This paper uses firm-level data from the Business Longitudinal Database compiled by the Australian Bureau of Statistics to examine finance-seeking behaviour and outcomes by Australian small and medium-sized enterprises (SMEs). By modelling the determinants of SME financing behaviour and outcomes...

Using the Business Longitudinal Database compiled by the Australian Bureau of Statistics, this paper investigates the effects of firm-level factors, including size, the number of employees, business strategy, and firm lifecycle, on finance seeking (both debt and equity) by Australian small and...

Using the Business Longitudinal Database compiled by the Australian Bureau of Statistics, we examine the level and determinants of agency costs in small and medium-sized enterprises (SMEs), with a particular focus on the impact of family ownership and the variation in agency costs associated...

This paper employs a mixed two-stage approach to estimate and explain differences in the cross-country efficiency of ten Australian, five UK and eight Canadian banks over the period 1988 to 2008 using stochastic distance, cost and profit frontiers. The first stage estimates efficiency scores for...

There is continuing uncertainty about whether family firms have lower agency costs. This paper proposes that a combination of family ownership and altruism affects agency costs in family firms. To begin with, family ownership can reduce agency costs through better aligning the interests of...