connections, political ties, and family business-group affiliation. Many widely-cited findings may therefore be subject to …, political, and family networks for 1,290 large East Asian firms. We find that professional networks buoyed performance during … the 2008 financial crisis; political and family networks did not. We provide evidence that information access is a key …

factors: family ownership and source of the competitive pressure. A novel aspect of our paper is that we rely on two … predictions, sensitivity is higher in competitive sectors and the difference between family and non-family CEOs disappear when … competition is tough. Family CEOs are significantly less paid than non-family CEOs and their pay is significantly related to firm …