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Author

Cary Lange

State University of New York, United States
1 article in our journals

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Research ArticleOpen accessCash Holdings, Use of Debt and Dividend Structure of Family FirmsElena Smirnova, Sirousse Tabriztchi, Cary LangeIn this study we examine the relation between firm’s financial structure and family ownership. We develop a theoretical model of the precautionary cash holdings. Our empirical results show that the fraction of a company’s shares that are held by the founding family members or their descendants influences the use of cash and equivalents, dividend policy and debt structure of a … …American Journal of Economics and Business Administration, Vol. 7, Issue 1 · 2 May 2015 · 6,846 accessesView PDFCite