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L’Oréal headquarters in Clichy, France. The firm is family owned, and while it has extensive experience in capital markets, many other family-owned enterprises are hesitant to take such a step. Arthur Weidmann/Wikimedia

Family firms’ need for control and equity financing decisions

Family firms can attract investor interest, yet owners are often reluctant to offer equity. New research indicates that concerns of potential interference and emotions are two of the key issues.

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