Title

Control Sales In Family Firms

Document Type

Article

Publication Date

3-1-2007

Publication Title

Family Business Review

Department

Business and Leadership

Abstract

A large stock sale by an insider can be good news for a firm if it increases the potential for meaningful monitoring. I consider insider sales that represent voluntary releases of voting control by managers who continue to manage their firms, and ask if a manager's willingness to relinquish control is affected by the presence of other blockholders. I found that managers of family firms are much more defensive about maintaining their voting control, especially when there are other family members in management.

Volume

20

Issue

1

pp.

49-64

ISSN

0894-4865