framework with search and matching frictions, and, as an innovation, in the presence of sectoral heterogeneity. Family and non-family … of intangible capital in the family sector. The model is calibrated to match European data on countries with a large … percentage of family firms in the labor force. I find that fiscal austerity raises unemployment. Both at peak and cumulatively …

This study elucidates the mixed gamble confronting family firms when considering a related firm acquisition. The … family firms more likely to undertake a related acquisition than non-family firms, especially when they are performing above … their aspiration level. Post-merger performance pattern confirm that family firms are able to create long-term value through …