result is entirely driven by investors holding the largest equity stakes in more than one company. Family shareholders avoid …

, or are older and value tradition. In sharp contrast to these results, family circumstances and valuing tradition do not …

and US stock markets, the continued decline of family firms in the UK, the growth of private equity and the emergence of …

and US stock markets, the continued decline of family firms in the UK, the growth of private equity and the emergence of …

family firms the least prone to excessive corporate risk exposure …

rely on differences between family and non-family firms to identify the supply of insurance, and exploit variation in … countries, we find that family firms feature more stable employment, greater wage flexibility and lower labor cost than non-family … ones. Employment stability in family firms is greater, and the wage discount larger, in countries with more generous public …