Venture capitalists that specialize in providing funds to privately held firms generate their greatest returns from firms that go public. However, we argue that the technology regime of an industry affects the extent of knowledge asymmetries between different types of owners and subsequently the...

This study examines diversification decisions of family firms and suggests that on average family firms diversify less both domestically and internationally than non-family firms. When they do diversify, family firms tend to opt for domestic rather than international diversification, and those...