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首页> 外文期刊>Journal of banking & finance >Family firms and access to credit Is family ownership beneficial?
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Family firms and access to credit Is family ownership beneficial?

机译:家庭公司和信贷的获取是家庭所有权有益吗?

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摘要

This paper investigates the impact of family ownership on credit rationing using a rich sample of Italian firms. Estimation results indicate that family owned firms are more likely to experience credit restrictions. The adverse impact of family ownership on credit rationing is particularly relevant for small-sized firms, whereas it is mitigated in firms with closer lending relationships. Finally, we find some evidence that family firms with high ownership concentration are more likely to be rationed by banks. (C) 2019 Elsevier B.V. All rights reserved.
机译:本文调查了家庭所有权对使用意大利公司丰富的信用配给的影响。估算结果表明,家庭拥有的公司更有可能经历信用限制。家庭所有权对信贷配给的不利影响与小型公司特别相关,而在具有更紧密的贷款关系的公司中,它被减轻了。最后,我们发现一些具有高所有权集中的家庭企业更有可能被银行配给。 (c)2019 Elsevier B.v.保留所有权利。

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