Family firms and labor market regulation

In a panel across twenty-eight countries over 10 years, we show that family firms on average enjoy performance advantages over nonfamily firms only when labor markets are less regulated. We confirm this result in a matched firm sample using a survey-based instrument as a family control. Furthermore,...

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Bibliographic Details
Main Authors: Bennedsen, M. (Author), Huang, S. (Author), Wagner, H.F (Author), Zeume, S. (Author)
Format: Article
Language:English
Published: Oxford University Press 2019
Online Access:View Fulltext in Publisher