Stylized Facts on the Organization of Small Business Partnerships

14 Pages Posted: 7 Dec 2016 Last revised: 17 Jul 2019

See all articles by Emilio Espino

Emilio Espino

Universidad Torcuato Di Tella

Julian Kozlowski

Federal Reserve Banks - Federal Reserve Bank of St. Louis

Juan M. Sánchez

Federal Reserve Banks - Federal Reserve Bank of St. Louis; Federal Reserve Banks - Federal Reserve Bank of St. Louis

Date Written: 2016

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 Sánchez (2014).

JEL Classification: D82, D86, D92, G32

Suggested Citation

Espino, Emilio and Kozlowski, Julian and Sanchez, Juan M. and Sanchez, Juan M., Stylized Facts on the Organization of Small Business Partnerships (2016). Review, Vol. 98, Issue 4, pp. 297-310, 2016, Available at SSRN: https://ssrn.com/abstract=2881847 or http://dx.doi.org/10.20955/r.2016.297-310

Emilio Espino (Contact Author)

Universidad Torcuato Di Tella ( email )

Minones 2159
C1428ATG Buenos Aires, 1428
Argentina

Julian Kozlowski

Federal Reserve Banks - Federal Reserve Bank of St. Louis ( email )

Juan M. Sanchez

Federal Reserve Banks - Federal Reserve Bank of St. Louis ( email )

411 Locust St
Saint Louis, MO 63011
United States

Federal Reserve Banks - Federal Reserve Bank of St. Louis ( email )

411 Locust St
Saint Louis, MO 63011
United States

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