Read the December Issue of Family Business Review Free for 30 Days!

[We’re pleased to welcome Family Business Review editor Pramodita Sharma of the University of Vermont.]

The December 2014 issue of Family Business Review presents research from FBR_C1_revised authors color.inddColombia, Germany, Taiwan,and USA focused on various aspects of finance pertaining to family enterprises. Topics studied include financing and investment choices of family firms, dividend policies, post IPO performance. The editorial discusses the challenges and opportunities of publishing finance focused research in management journals such as Family Business Review, and vice versa. It is our hope that this important issue will help build further inroads in the important disciplinary interface between finance and family business studies.

You can read the December issue of Family Business Review free for the next 30 days! The lead article entitled “Family Involvement and Post-IPO Investment Policy” was authored by Bharat A. Jain and Yingying Shao, both of Towson University.

The abstract:

Drawing from agency theory and socioemotional wealth considerations, we evaluate the extent post-IPO investment policy choices and their economic consequences differ for family firms relative to nonfamily firms. Our results suggest that family firms underinvest in post-IPO liquidity, total investment spending, and R&D expenditures, relative to similar non-family firms. On the other hand, family firms overinvest in capital spending and underinvest in acquisition spending relative to nonfamily firms with dispersed but not concentrated ownership structures. Furthermore, while increases in R&D spending decrease shareholder value in family firms, the reverse is the case with acquisition spending.

Click here to view the Table of Contents for the December Issue! Want to know about all the latest news and research from Family Business Review? Click here to sign up for e-alerts!

This entry was posted in Employees, employers, Family Business, Firm Performance, Publishing, Relationships, Research and Publishing, Scholarship and tagged , , , , by Cynthia Nalevanko, Senior Editor, SAGE Publishing. Bookmark the permalink.

About Cynthia Nalevanko, Senior Editor, SAGE Publishing

Founded in 1965, SAGE is the world’s leading independent academic and professional publisher. Known for our commitment to quality and innovation, SAGE has helped inform and educate a global community of scholars, practitioners, researchers, and students across a broad range of subject areas. With over 1500 employees globally from principal offices in Los Angeles, London, New Delhi, Singapore, Washington DC, and Melburne, our publishing program includes more than 1000 journals and over 900 books, reference works and databases a year in business, humanities, social sciences, science, technology and medicine. Believing passionately that engaged scholarship lies at the heart of any healthy society and that education is intrinsically valuable, SAGE aims to be the world’s leading independent academic and professional publisher. This means playing a creative role in society by disseminating teaching and research on a global scale, the cornerstones of which are good, long-term relationships, a focus on our markets, and an ability to combine quality and innovation. Leading authors, editors and societies should feel that SAGE is their natural home: we believe in meeting the range of their needs, and in publishing the best of their work. We are a growing company, and our financial success comes from thinking creatively about our markets and actively responding to the needs of our customers.

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