Caselli, Francesco; Gennaioli, Nicola - C.E.P.R. Discussion Papers - 2003
Dynastic management is the inter-generational transmission of control over assets that is typical of family-owned firms …. It is pervasive around the world, but especially in developing countries. We argue that dynastic management is a … incidence of dynastic management depends on the severity of asset-market imperfections, on the economy’s saving rate, and on the …