This paper analyzes the differences in labor demand and labor turnover between family and nonfamily firms. The majority … of firms in modern economies and, therefore, also in Germany are family controlled. These firms seem to have better … employment performance than non-family controlled companies. Therefore, this study applies a treatment model for panel data using …

Family firms are often considered characteristically different from non-family firms, and the economic implications of … these differences have generated significant academic debate. However, our understanding of family firms suffers from an … firm governance, which is rarely available. We present a method for identifying domiciled family firms using register data …

This study examines how family firm characteristics affect capital structure decisions. In our analysis we disentangle … the influence of three distinct components of a family firm: ownership, supervisory and management board activities by the … founding family. Thereby, we use a unique panel dataset of 660 publicly listed companies (5,135 firm years) in the broadest …

strong family capitalism. We find that family firms exhibit a higher propensity and level for both dividend payments and … total payouts. This result is driven by family ownership rather than family management. Conflicts between the founding … family and non-family controlling shareholders and tensions within the founding family are important determinants of payout …