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Financial management techniques in family businesses
This paper explores financial management techniques of family businesses. We surveyed family businesses to understand the extent to which they use capital budgeting techniques, risk adjustment techniques, and working capital management techniques. We found that more established, larger family busine...
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| Format: | Article |
| Language: | English |
| Published: |
2000
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| Summary: | This paper explores financial management techniques of family businesses. We surveyed family businesses to understand the extent to which they use capital budgeting techniques, risk adjustment techniques, and working capital management techniques. We found that more established, larger family businesses that have either an outside board of directors or a nonfamily member in the financial decision-making role are more likely than their smaller counterparts to employ sophisticated financial management techniques. |
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| Physical Description: | 201 - 216 |