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...

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...

Strategic decisions like mergers and acquisitions have a spatial dimension, since firms seek information and choose among geographically scattered alternatives. In this study, we evaluate the impact of distance on the likelihood of family firms undertaking M&A, in an emerging market context. We...