Family Firms and Labor Relations
نویسنده
چکیده
Empirical evidence suggests that family ownership has important implications for economic growth. Several studies find that family firms—at least secondand later-generation family firms in which the chief executive officer (CEO) is a family member, especially if CEO succession is based on primogeniture—perform relatively poorly (e.g., Francisco Pérez-González 2006; Morten Bennedsen et al. 2007; Nicholas Bloom and John van Reenen 2007), which has negative implications for economic growth. Moreover, the reluctance of many families to accept dilution
منابع مشابه
Family Firms, Paternalism, and Labor Relations∗
Firm-level evidence suggests that family firms are more apt to honor implicit labor contracts than are widely held firms, making family firms especially successful at winning workers’ loyalty–a trait that is reflected in fewer strikes and lower unionization rates. Accordingly, we might expect to see more family ownership in countries in which labor relations, for cultural or historical reasons,...
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