This paper uses a unique dataset from Denmark to investigate the impact of family characteristics in corporate decision … making and the consequences of these decisions on firm performance. We focus on the decision to appoint either a family or … pass on control to a family CEO than are female first-child firms, but the gender of the first child is unlikely to affect …

intermediate protection, management is delegated to a professional, but the family stays on as large shareholders to monitor the … the family. This theory of separation of ownership from management includes the Anglo-Saxon and the Continental European …

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

. Yet the family (and decision-making in families) is typically ignored in macroeconomic models. In this chapter, we argue … that family economics should be an integral part of macroeconomics, and that accounting for the family leads to new answers … fluctuations, and argue that changes in family structure in recent decades have important repercussions for the determination of …

, we constructed a unique data set of family trees and business groups for nearly 100 of the largest business families in … Thailand. We find a strong positive association between family size and family involvement in the ownership and control of the … family business. The sons of the founders play a central role in both ownership and board membership, especially when the …

This paper studies intergenerational mobility--the transmission of family influence. We develop and estimate measures … different childhood ages that affect family investments. Parents' expected lifetime resources are stronger predictors of child … such as the family's role, changes in individual life cycles across generations, and the expectations and trajectories …

estimate impacts from an expansion of group lending at 110% APR by the largest microlender in Mexico. Average effects on a rich …

extended family. Using household panel data from the Progresa program in rural Mexico, we exploit information on the paternal … intra generational family links of each household to others in the same village. We then exploit the randomized research … enrolment vary according to the presence and characteristics of extended family. We find that Progresa only raises secondary …

Family firms depend on a succession of capable heirs to stay afloat. If talent and IQ are inherited, this problem is … mitigated. If, however, progeny talent and IQ display mean reversion (or worse), family firms are eventually doomed. This is the … essence of the critique of family firms in Burkart, Panunzi and Shleifer (2003). Since family firms persist, solutions to this …

, pyramidally) as the family uses well-established group firms ("central firms") to set up and acquire younger firms that have low … profitability and high capital requirements. Chaebols grow horizontally (that is, using direct family ownership) when the family …) lower profitability of pyramidal firms is partly due to a selection effect (e.g., the family optimally places low …