Which do second-generation heirs prefer in family firms: real investment or financial investment?

ABSTRACTIn recent years, the financial investment level of enterprises particularly family firms has increased rapidly. This phenomenon has drawn intense attention from both government regulators and academia. In this study, we argue that the second-generation succession is an important reason for f...

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Bibliographic Details
Main Authors: Jin-hui Luo, Yue Liu, Chenchen Peng
Format: Article
Language:English
Published: Taylor & Francis Group 2023-01-01
Series:China Journal of Accounting Studies
Subjects:
Online Access:https://www.tandfonline.com/doi/10.1080/21697213.2023.2148954