Owner-management, firm age and productivity in Italian family firms

Using Total Factor Productivity (TFP) as a measure of corporate performance, we find that Italian family-run firms are less productive than firms run by outside managers and the result is robust to potential endogeneity of management regime. This difference tends to vanish when the age of the firms is taken into account.

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Year of publication:	2014-09
Authors:	Cucculelli, Marco ; Pupo, Valeria ; Ricotta, Fernanda ; Mannarino, Lidia
Institutions:	Money and Finance Research group (Mo.Fi.R.)
Subject:	Family firms \| Management \| TFP

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Extent:	application/pdf
Series:	Mo.Fi.R. Working Papers.
Type of publication:	Book / Working Paper
Notes:	Number 99 3 pages long
Classification:	D24 - Production; Capital and Total Factor Productivity; Capacity ; G34 - Mergers; Acquisitions; Restructuring; Corporate Governance
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010933361