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Journal Article

Stylized Facts on the Organization of Small Business Partnerships

Abstract: The authors study the internal organization of small business partnerships and focus on the number of owners and ownership structure and the dynamics of these variables. They find that partnerships tend to have a small number of owners with equal distribution of ownership shares. Moreover, while partnerships with equally distributed shares tend to keep this distribution constant, those with unequally distributed shares tend to move toward more equal distribution over time. The authors highlight that these facts are in line with the theory of private information in small business partnerships proposed by Espino, Kozlowski, and Snchez (2014).

JEL Classification: D86; D92; G32; D82;


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File(s): File format is text/html http://dx.doi.org/10.20955/r.2016.297-310
Description: http://dx.doi.org/10.20955/r.2016.297-310


Bibliographic Information

Provider: Federal Reserve Bank of St. Louis

Part of Series: Review

Publication Date: 2016

Volume: 98

Issue: 4

Pages: 297-310