How inheritance law affects family firm performance: Evidence from a natural experiment

How inheritance law affects family firm performance: Evidence from a natural experiment

We argue that changes in the inheritance system affect incentives leading to sibling rivalry among descendants and therefore have a material impact on family firm performance. Using South Korea's 1991 inheritance law reform that stipulates the equal distribution of a deceased person's prop...

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Bibliographic Details
Main Authors: GAM, Yong Kyu, KANG, Min Jung, PARK, Junho, SHIN, Hojong
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2020
Subjects:
Family firms
inheritance system
firm value
South Korea
Asian Studies
Corporate Finance
Entrepreneurial and Small Business Operations
Estates and Trusts
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/6725
https://ink.library.smu.edu.sg/context/lkcsb_research/article/7724/viewcontent/Inheritance_law_family_firm_perf_2020_av.pdf
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Institution: Singapore Management University
Language: English

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https://ink.library.smu.edu.sg/lkcsb_research/6725
https://ink.library.smu.edu.sg/context/lkcsb_research/article/7724/viewcontent/Inheritance_law_family_firm_perf_2020_av.pdf

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