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
Provider Link
http://search.ebscohost.com/login.aspx?direct=true&db=bth&AN=23972376&site=ehost-live&scope=site
Citation
Livingston, Lynda S.. 2007. "Control Sales in Family Firms." Family Business Review 20(1): 49-64.