A growing literature is devoted to understand how firms react to unforeseen events. Contributing to this research, we investigate how the presence of families in corporate ownership and governance affected firm performance during the Covid-19 pandemic. Using data from Italy, the first western...

We study how family ownership shapes the firms' likelihood of being involved in antitrust indictments. Using data from Italy, we show that family firms are significantly less likely than other firms to commit antitrust violations. To achieve identification, we exploit a law change that made it...