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The vast majority of firms in developing economies are micro and small enterprises owned by families whose members also provide the labour to the units. Often, they fail to grow in size even with the relaxation of credit constraints. In this paper, we show that frictions in the labour market...
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The vast majority of firms in developing economies are micro and small enterprises owned by families whose members also provide the labour to the units. Often, they fail to grow in size even with the relaxation of credit constraints. In this paper, we show that frictions in the labour market...
Persistent link: https://www.econbiz.de/10013104968
Based on arguments about long-term orientation and corporate reputation, we argue that family and founder firms differ from other firms with regard to corporate social responsibility. Using Bayesian analysis, we then show that family and founder ownership are associated with a lower level of...
Persistent link: https://www.econbiz.de/10013069431
Based on socioemotional wealth theory, we argue that family and founder firms differ from other firms with regard to corporate social responsibility concerns. We further argue that the ownership and management dimensions of founder firms have opposite effects. Using a dataset of large public US...
Persistent link: https://www.econbiz.de/10013069726
The paper studies how the attitudes of entrepreneurs, in general, and family business owners, in particular, differ … from others in the economy. Family business owners are entrepreneurs who operate a business with their spouse or adult … towards risk, and optimism for these groups. Entrepreneurs are more optimistic, and enjoy the nonpecuniary benefits of work …
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