Sraer, David; Thesmar, David - In: Journal of the European Economic Association 5 (2007) 4, pp. 709-751
This paper empirically documents the performance and behavior of family firms listed on the French stock exchange between 1994 and 2000. On the French stock market, approximately one third of the firms are widely held, whereas the remaining two thirds are family firms. We find that, in the...