This paper develops a theoretical model to study features of the spontaneous growth of private enterprises in China's Zhejiang province. The model predicts that in a developing economy where the market environment is immature or unstable, the ownership structure of a typical private enterprise...

This paper examines how family and non-family ownership affects the performance of Swiss listed firms from 2003 to 2010. We distinguish between these two types of controlling shareholders since they have different objectives. We hypothesise that only family shareholders have a real incentive to...

Building upon the upper echelon perspective, we examine the effect of generational involvement in management on various measures of business growth and consider different levels of family participation. Specifically, we argue that generational involvement and the participation of family actors...