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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 …
Persistent link: https://www.econbiz.de/10011280832
We study the GDPR's opt-in requirement in a model with a firm that provides a digital service and consumers who are heterogeneous in their valuations of the firm's service as well as the privacy costs incurred when sharing personal data with the firm. We show that the GDPR boosts demand for the...
Persistent link: https://www.econbiz.de/10014334058
This paper argues that the pace to return to work after childbirth is not independent of family values. I evaluate the … to work of mothers who hold different family values. Using a regression discontinuity design and an epidemiological … approach to family values I find that although the policy has substantially increased the pace to return to work of mothers …
Persistent link: https://www.econbiz.de/10010476674
Persistent link: https://www.econbiz.de/10003641763
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. …
Persistent link: https://www.econbiz.de/10010223389
This paper examines the determinants of inter vivos (lifetime) transfers of ownership in German family firms between …
Persistent link: https://www.econbiz.de/10011482489
We examine how the legal protection of outside shareholders and the appropriative costs that they induce influence the incentives for private firms to go public. A higher degree of protection of shareholders can increase the appropriative costs associated with the conflict between managers and...
Persistent link: https://www.econbiz.de/10011507775
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 …
Persistent link: https://www.econbiz.de/10012156535
FamData is a database covering family businesses and non-family businesses across various size classes and branches …
Persistent link: https://www.econbiz.de/10014309600
Contributing to a social cause can be an important driver for workers in the public and non-profit sector as well as in firms that engage in Corporate Philanthropy or other Corporate Social Responsibility policies. This paper compares the effectiveness of social incentives - that take the form...
Persistent link: https://www.econbiz.de/10010347336