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Cited by 1,113

The DOI matches its Crossref record; 6 of the 6 references it cites were found in a registry or an index.

Family Firms

Open access
Burkart, Mike, Panunzi, Fausto, Shleifer, Andrei·2003·The Journal of Finance
DOI 10.1111/1540-6261.00601
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Abstract

We present a model of succession in a firm owned and managed by its founder. The founder decides between hiring a professional manager or leaving management to his heir, as well as on what fraction of the company to float on the stock exchange. We assume that a professional is a better manager than the heir, and describe how the founder's decision is shaped by the legal environment. This theory of separation of ownership from management includes the Anglo‐Saxon and the Continental European patterns of corporate governance as special cases, and generates additional empirical predictions consistent with cross‐country evidence.

Overview

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Registry

Crossref · 10.1111/1540-6261.00601

Cites

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Citations

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Metadata

Authors
Burkart, M., Panunzi, F., & Shleifer, A.
Venue
The Journal of Finance
Publisher
Wiley
Published
2003-09-11
Volume
58
Issue
5
Pages
2167-2201
ISSN
  • 0022-1082 (ISSN-L)
  • 1540-6261
DOI
10.1111/1540-6261.00601
OpenAlex
W4213205397
Cited by
1,113
References
6
FWCI
44.19
Type
journal article
Language
en
Open access
green

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CoChat. (2026). Citation check: Family Firms. https://app.cochat.ai/papers/10.1111/1540-6261.00601
The paper
Burkart, M., Panunzi, F., & Shleifer, A. (2003). Family Firms. The Journal of Finance. https://doi.org/10.1111/1540-6261.00601

Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.