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Jakarta’s shortcomings as a capital are obvious: it has headline-grabbing problems with congestion, pollution, and land subsidence. www.shutterstock.com

Assessing Jokowi’s $33-billion project to move Indonesia’s capital for the country’s economic development

Indonesian President Joko "Jokowi" decision to relocate the country's capital is seen as an effort to shift economic activity and address infrastructure gaps outside of Java and Sumatra.
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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