Lu, Yi; Tao, Zhigang - In: Journal of Comparative Economics 37 (2009) 4, pp. 597-609
Family control of business is prevalent in developing economies, and one of the leading theories suggests that it is a … the degree of family control of business using a sample of China's private enterprises. It is found that weaker contract … enforcement is associated with the higher degree of family control of business. Our results are robust to the control for omitted …