Understanding debt financing decisions in family firms - Are there new insights from the recent literature?

Purpose: Considering the important development that research on debt financing decisions of family firms (FFs) has undergone in recent years, we aim to assess the current state of the literature with the latest advances in this field. Design/methodology/approach: We undertake a systematic review of...

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Authors: Sánchez-Andújar, Sonia, Parrado-Martínez, Purificación, Comino-Jurado, María
Format: article
Status:Versión aceptada para publicación
Publication Date:2024
Country:España
Institution:Universidad de Jaén
Repository:RUJA. Repositorio Institucional de la Producción Científica de la Universidad de Jaén
OAI Identifier:oai:dnet:ruja________::023306dd96eea30d8fdbc55b85a59f93
Online Access:https://doi.org/10.1108/MF-10-2023-0601
https://hdl.handle.net/10953/7795
Access Level:Open access
Keyword:Systematic literature review
Debt financing
Family firms
Heterogeneity
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spelling Understanding debt financing decisions in family firms - Are there new insights from the recent literature?Sánchez-Andújar, SoniaParrado-Martínez, PurificaciónComino-Jurado, MaríaSystematic literature reviewDebt financingFamily firmsHeterogeneity658.14/.17016:334.722.24Purpose: Considering the important development that research on debt financing decisions of family firms (FFs) has undergone in recent years, we aim to assess the current state of the literature with the latest advances in this field. Design/methodology/approach: We undertake a systematic review of 42 journal articles published on this topic in recent years. Findings: As a result of our work, new directions for the advancement of this research field are established, such as the consideration of different methodologies and sources of heterogeneity of FFs, the need for an integration of the supply and demand side of funds, or the importance of evaluating a diversity of firm-specific and contextual factors affecting debt financial behaviour of FFs. Originality: Considering the notable development of the field of debt financing decisions of FFs in recent years, we find it opportune and valuable to revise the advances and trends published in the most recent papers. Thus, connecting previous and current knowledge, we provide an updated integrative model of the state of the art and we posit key research questions to solve in the future.Emerald Publishing Limited202620262024info:eu-repo/semantics/articleinfo:eu-repo/semantics/acceptedVersionapplication/pdfhttps://doi.org/10.1108/MF-10-2023-0601https://hdl.handle.net/10953/7795reponame:RUJA. Repositorio Institucional de la Producción Científica de la Universidad de Jaéninstname:Universidad de JaénInglésManagerial FinanceAttribution-NonCommercial-NoDerivs 3.0 Spainhttp://creativecommons.org/licenses/by-nc-nd/3.0/es/info:eu-repo/semantics/openAccessoai:dnet:ruja________::023306dd96eea30d8fdbc55b85a59f932026-06-24T12:41:07Z
dc.title.none.fl_str_mv Understanding debt financing decisions in family firms - Are there new insights from the recent literature?
title Understanding debt financing decisions in family firms - Are there new insights from the recent literature?
spellingShingle Understanding debt financing decisions in family firms - Are there new insights from the recent literature?
Sánchez-Andújar, Sonia
Systematic literature review
Debt financing
Family firms
Heterogeneity
658.14/.17
016:334.722.24
title_short Understanding debt financing decisions in family firms - Are there new insights from the recent literature?
title_full Understanding debt financing decisions in family firms - Are there new insights from the recent literature?
title_fullStr Understanding debt financing decisions in family firms - Are there new insights from the recent literature?
title_full_unstemmed Understanding debt financing decisions in family firms - Are there new insights from the recent literature?
title_sort Understanding debt financing decisions in family firms - Are there new insights from the recent literature?
dc.creator.none.fl_str_mv Sánchez-Andújar, Sonia
Parrado-Martínez, Purificación
Comino-Jurado, María
author Sánchez-Andújar, Sonia
author_facet Sánchez-Andújar, Sonia
Parrado-Martínez, Purificación
Comino-Jurado, María
author_role author
author2 Parrado-Martínez, Purificación
Comino-Jurado, María
author2_role author
author
dc.subject.none.fl_str_mv Systematic literature review
Debt financing
Family firms
Heterogeneity
658.14/.17
016:334.722.24
topic Systematic literature review
Debt financing
Family firms
Heterogeneity
658.14/.17
016:334.722.24
description Purpose: Considering the important development that research on debt financing decisions of family firms (FFs) has undergone in recent years, we aim to assess the current state of the literature with the latest advances in this field. Design/methodology/approach: We undertake a systematic review of 42 journal articles published on this topic in recent years. Findings: As a result of our work, new directions for the advancement of this research field are established, such as the consideration of different methodologies and sources of heterogeneity of FFs, the need for an integration of the supply and demand side of funds, or the importance of evaluating a diversity of firm-specific and contextual factors affecting debt financial behaviour of FFs. Originality: Considering the notable development of the field of debt financing decisions of FFs in recent years, we find it opportune and valuable to revise the advances and trends published in the most recent papers. Thus, connecting previous and current knowledge, we provide an updated integrative model of the state of the art and we posit key research questions to solve in the future.
publishDate 2024
dc.date.none.fl_str_mv 2024
2026
2026
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/acceptedVersion
format article
status_str acceptedVersion
dc.identifier.none.fl_str_mv https://doi.org/10.1108/MF-10-2023-0601
https://hdl.handle.net/10953/7795
url https://doi.org/10.1108/MF-10-2023-0601
https://hdl.handle.net/10953/7795
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv Managerial Finance
dc.rights.none.fl_str_mv Attribution-NonCommercial-NoDerivs 3.0 Spain
http://creativecommons.org/licenses/by-nc-nd/3.0/es/
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Attribution-NonCommercial-NoDerivs 3.0 Spain
http://creativecommons.org/licenses/by-nc-nd/3.0/es/
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Emerald Publishing Limited
publisher.none.fl_str_mv Emerald Publishing Limited
dc.source.none.fl_str_mv reponame:RUJA. Repositorio Institucional de la Producción Científica de la Universidad de Jaén
instname:Universidad de Jaén
instname_str Universidad de Jaén
reponame_str RUJA. Repositorio Institucional de la Producción Científica de la Universidad de Jaén
collection RUJA. Repositorio Institucional de la Producción Científica de la Universidad de Jaén
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15.198674

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