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When Does Financial Slack Matter? Family Ownership, CEO Family Status, and SME Performance

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Family Business Review

Published online on

Abstract

Family Business Review, Ahead of Print.
We offer novel insights into the utilization of heterogeneous types of financial slack (unabsorbed, absorbed, and potential) by family versus non-family small- and medium-sized enterprises (SMEs). We hypothesize that agency problems in family SMEs imply ...