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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Main Authors: | GAM, Yong Kyu, KANG, Min Jung, PARK, Junho, SHIN, Hojong |
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Format: | text |
Language: | English |
Published: |
Institutional Knowledge at Singapore Management University
2020
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Subjects: | |
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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