We study the opportunistic political budget cycle in the London Metropolitan Boroughs between 1902 and 1937 under two …

We study the effect of educational attainment on family formation using regression discontinuity designs generated by … set of results using survey data. These suggest that the positive association between men’s education and family formation …

factors: family ownership and source of the competitive pressure. A novel aspect of our paper is that we rely on two … predictions, sensitivity is higher in competitive sectors and the difference between family and non-family CEOs disappear when … competition is tough. Family CEOs are significantly less paid than non-family CEOs and their pay is significantly related to firm …

who are members of networks that informally sanction hold-ups or children who keep profits "in the family" even if they … prominence of family-owned business groups in developing country manufacturing. …

This paper examines the determinants of inter vivos (lifetime) transfers of ownership in German family firms between …

unobserved. In this paper, we exploit the fact that a large literature has documented specific non-monetary preferences of family … competition shocks. We find that import competition leads to productivity increases in family-managed firms that are initially … unproductive. Productivity improvements are driven by family management as opposed to family ownership or non-managing family …