Families and firms: Agency costs and labor market imperfections in Sialkot's surgical industry
Author
Abstract
Suggested Citation
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Levy, Victor, 1985. "Cropping Pattern, Mechanization, Child Labor, and Fertility Behavior in a Farming Economy: Rural Egypt," Economic Development and Cultural Change, University of Chicago Press, vol. 33(4), pages 777-791, July.
- Shleifer, Andrei & Wolfenzon, Daniel, 2002.
"Investor protection and equity markets,"
Journal of Financial Economics, Elsevier, vol. 66(1), pages 3-27, October.
- Andrei Shleifer & Daniel Wolfenson, 2000. "Investor Protection and Equity Markets," Harvard Institute of Economic Research Working Papers 1906, Harvard - Institute of Economic Research.
- Andrei Shleifer & Daniel Wolfenson, 2000. "Investor Protection and Equity Markets," NBER Working Papers 7974, National Bureau of Economic Research, Inc.
- Mike Burkart & Fausto Panunzi & Andrei Shleifer, 2003.
"Family Firms,"
Journal of Finance, American Finance Association, vol. 58(5), pages 2167-2201, October.
- Mike Burkart & Fausto Panunzi & Andrei Shleifer, 2002. "Family Firms," Harvard Institute of Economic Research Working Papers 1944, Harvard - Institute of Economic Research.
- Andrei Shleifer & Fausto Panunzi & Mike Burkart, 2002. "Family Firms," FMG Discussion Papers dp406, Financial Markets Group.
- Mike Burkart & Fausto Panunzi & Andrei Shleifer, 2002. "Family Firms," NBER Working Papers 8776, National Bureau of Economic Research, Inc.
- Burkart, Mike & Panunzi, Fausto & Shleifer, Andrei, 2003. "Family Firms," Scholarly Articles 30747196, Harvard University Department of Economics.
- Shleifer, Andrei & Panunzi, Fausto & Burkart, Mike, 2002. "Family Firms," CEPR Discussion Papers 3234, C.E.P.R. Discussion Papers.
- Burkart, Mike & Panunzi, Fausto & Shleifer, Andrei, 2003. "Family firms," LSE Research Online Documents on Economics 69549, London School of Economics and Political Science, LSE Library.
- Shleifer, Andrei & Panunzi, Fausto & Burkart, Mike, 2002. "Family firms," LSE Research Online Documents on Economics 24926, London School of Economics and Political Science, LSE Library.
- Tarun Khanna & Krishna Palepu, 1999. "Policy Shocks, Market Intermediaries, and Corporate Strategy: The Evolution of Business Groups in Chile and India," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 8(2), pages 271-310, June.
- Hallberg, K., 2000. "A Market-Oriented Strategy for Small and Medium Scale Enterprises," Papers 40, World Bank - International Finance Corporation.
- Jensen, Michael C. & Meckling, William H., 1976. "Theory of the firm: Managerial behavior, agency costs and ownership structure," Journal of Financial Economics, Elsevier, vol. 3(4), pages 305-360, October.
- Randall K. Morck, 2000. "Concentrated Corporate Ownership," NBER Books, National Bureau of Economic Research, Inc, number morc00-1.
- Benjamin, Dwayne, 1992. "Household Composition, Labor Markets, and Labor Demand: Testing for Separation in Agricultural Household Models," Econometrica, Econometric Society, vol. 60(2), pages 287-322, March.
- Rafael La Porta & Florencio Lopez‐De‐Silanes & Andrei Shleifer, 1999.
"Corporate Ownership Around the World,"
Journal of Finance, American Finance Association, vol. 54(2), pages 471-517, April.
- Rafael La Porta & Florencio Lopez-de-Silane & Andrei Shleifer, 1998. "Corporate Ownership Around the World," NBER Working Papers 6625, National Bureau of Economic Research, Inc.
- La Porta, Rafael & Lopez-De-Silanes, Florencio & Shleifer, Andrei, 1999. "Corporate Ownership Around the World," Scholarly Articles 30747162, Harvard University Department of Economics.
- Rafael La Porta & Florencio Lopez-de-Silanes & Andrei Shleifer, 1998. "Corporate Ownership Around the World," Harvard Institute of Economic Research Working Papers 1840, Harvard - Institute of Economic Research.
- Randall Morck & David Stangeland & Bernard Yeung, 2000.
"Inherited Wealth, Corporate Control, and Economic Growth The Canadian Disease?,"
NBER Chapters, in: Concentrated Corporate Ownership, pages 319-372,
National Bureau of Economic Research, Inc.
- Randall K. Morck & David A. Stangeland & Bernard Yeung, 1998. "Inherited Wealth, Corporate Control and Economic Growth: The Canadian Disease," NBER Working Papers 6814, National Bureau of Economic Research, Inc.
- McConaughy, Daniel L. & Walker, Michael C. & Henderson, Glenn Jr. & Mishra, Chandra S., 1998. "Founding family controlled firms: Efficiency and value," Review of Financial Economics, Elsevier, vol. 7(1), pages 1-19.
- Tarun Khanna & Krishna Palepu, 2000. "Is Group Affiliation Profitable in Emerging Markets? An Analysis of Diversified Indian Business Groups," Journal of Finance, American Finance Association, vol. 55(2), pages 867-891, April.
- Abhijit Banerjee & Kaivan Munshi, 2004. "How Efficiently is Capital Allocated? Evidence from the Knitted Garment Industry in Tirupur," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 71(1), pages 19-42.
- Fred Neubauer & Alden G. Lank, 1998. "The Family Business," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-14465-5, December.
- repec:bla:jfinan:v:58:y:2003:i:5:p:2167-2202 is not listed on IDEAS
- Kali, Raja, 1999. "Endogenous Business Networks," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 15(3), pages 615-636, October.
- Rosenzweig, Mark R, 1977. "The Demand for Children in Farm Households," Journal of Political Economy, University of Chicago Press, vol. 85(1), pages 123-146, February.
- Morck, Randall K. (ed.), 2000. "Concentrated Corporate Ownership," National Bureau of Economic Research Books, University of Chicago Press, edition 1, number 9780226536781.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Perez-Alvarez, Marcello & Strulik, Holger, 2021. "Nepotism, human capital and economic development," Journal of Economic Behavior & Organization, Elsevier, vol. 181(C), pages 211-240.
- David Atkin & Amit K. Khandelwal, 2020.
"How Distortions Alter the Impacts of International Trade in Developing Countries,"
Annual Review of Economics, Annual Reviews, vol. 12(1), pages 213-238, August.
- David Atkin & Amit Khandelwal, 2019. "How Distortions Alter the Impacts of International Trade in Developing Countries," NBER Working Papers 26230, National Bureau of Economic Research, Inc.
- Mike Wright & James J. Chrisman & Jess H. Chua & Lloyd P. Steier, 2014. "Family Enterprise and Context," Entrepreneurship Theory and Practice, , vol. 38(6), pages 1247-1260, November.
- Hongbin Cai & Hongbin Li & Albert Park & Li-An Zhou, 2013.
"Family Ties and Organizational Design: Evidence from Chinese Private Firms,"
The Review of Economics and Statistics, MIT Press, vol. 95(3), pages 850-867, July.
- Park, Albert & Li, Hongbin & Cai, Hongbin & Zhou, Li-An, 2010. "Family Ties and Organizational Design: Evidence from Chinese Private Firms," CEPR Discussion Papers 7855, C.E.P.R. Discussion Papers.
- Lu, Yi & Tao, Zhigang, 2009.
"Contract enforcement and family control of business: Evidence from China,"
Journal of Comparative Economics, Elsevier, vol. 37(4), pages 597-609, December.
- Yi, Lu & Zhigang, Tao, 2009. "Contract Enforcement and Family Control of Business: Evidence from China," MPRA Paper 18209, University Library of Munich, Germany.
- James J. Chrisman & Esra Memili & Kaustav Misra, 2014. "Nonfamily Managers, Family Firms, and the Winner's Curse: The Influence of Noneconomic Goals and Bounded Rationality," Entrepreneurship Theory and Practice, , vol. 38(5), pages 1-25, September.
- Hanqing Fang & James J. Chrisman & Joshua J. Daspit & Kristen Madison, 2022. "Do Nonfamily Managers Enhance Family Firm Performance?," Small Business Economics, Springer, vol. 58(3), pages 1459-1474, March.
- Hanqinq “Chevy†Fang & Robert V.D.G. Randolph & Esra Memili & James J. Chrisman, 2016. "Does Size Matter? The Moderating Effects of Firm Size on the Employment of Nonfamily Managers in Privately Held Family SMEs," Entrepreneurship Theory and Practice, , vol. 40(5), pages 1017-1039, September.
- Theresa Thompson Chaudhry & Mahvish Faran, 2015. "Organization, Management, and Wage Practices in Pakistan’s Electrical Fan and Readymade Garment Sectors," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 20(Special E), pages 183-204, September.
- Pramodita Sharma & James J. Chrisman & Jess H. Chua & Lloyd P. Steier, 2020. "Family Firm Behavior From a Psychological Perspective," Entrepreneurship Theory and Practice, , vol. 44(1), pages 3-19, January.
- Anna-Katharina Lenz & Martin Valdivia, 2023. "Nudging microentrepreneurs under fire: Experimental evidence from favelas in Rio de Janeiro," Working Papers 194, Peruvian Economic Association.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Randall Morck & Daniel Wolfenzon & Bernard Yeung, 2004.
"Corporate Governance, Economic Entrenchment and Growth,"
NBER Working Papers
10692, National Bureau of Economic Research, Inc.
- Bernard Yeung & Randall Morck & Daniel Wolfenzon, 2004. "Corporate Governance, Economic Entrenchment and Growth," Working Papers 04-21, New York University, Leonard N. Stern School of Business, Department of Economics.
- Saito, Takuji, 2008. "Family firms and firm performance: Evidence from Japan," Journal of the Japanese and International Economies, Elsevier, vol. 22(4), pages 620-646, December.
- Morck, Randall & Deniz Yavuz, M. & Yeung, Bernard, 2011.
"Banking system control, capital allocation, and economy performance,"
Journal of Financial Economics, Elsevier, vol. 100(2), pages 264-283, May.
- Randall Morck & M. Deniz Yavuz & Bernard Yeung, 2009. "Banking System Control, Capital Allocation, and Economy Performance," NBER Working Papers 15575, National Bureau of Economic Research, Inc.
- Randall Morck & Michael Percy & Gloria Tian & Bernard Yeung, 2005.
"The Rise and Fall of the Widely Held Firm: A History of Corporate Ownership in Canada,"
NBER Chapters, in: A History of Corporate Governance around the World: Family Business Groups to Professional Managers, pages 65-148,
National Bureau of Economic Research, Inc.
- Randall Morck & Michael Percy & Gloria Tian & Bernard Yeung, 2004. "The Rise and Fall of the Widely Held Firm - A History of Corporate Ownership in Canada," NBER Working Papers 10635, National Bureau of Economic Research, Inc.
- Oriana Bandiera & Renata Lemos & Andrea Prat & Raffaella Sadun, 2018.
"Managing the Family Firm: Evidence from CEOs at Work,"
The Review of Financial Studies, Society for Financial Studies, vol. 31(5), pages 1605-1653.
- Bandiera, Oriana & Lemos, Renata & Prat, Andrea & Sadun, Raffaella, 2013. "Managing the family firm: evidence from CEOs at work," LSE Research Online Documents on Economics 121789, London School of Economics and Political Science, LSE Library.
- Bandiera, Oriana & Lemos, Renata & Prat, Andrea & Sadun, Raffaella, 2018. "Managing the family firm: evidence from CEOs at work," LSE Research Online Documents on Economics 84945, London School of Economics and Political Science, LSE Library.
- Bandiera, Oriana & Prat, Andrea & Lemos, Renata & Sadun, Raffaella, 2017. "Managing the family firm: evidence from CEOs at work," LSE Research Online Documents on Economics 83391, London School of Economics and Political Science, LSE Library.
- Oriana Bandiera & Andrea Prat & Raffaella Sadun, 2013. "Managing the Family Firm: Evidence from CEOs at Work," STICERD - Economic Organisation and Public Policy Discussion Papers Series 049, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
- Oriana Bandiera & Renata Lemos & Andrea Prat & Raffaella Sadun, 2013. "Managing the Family Firm: Evidence from CEOs at Work," CEP Discussion Papers dp1250, Centre for Economic Performance, LSE.
- Oriana Bandiera & Renata Lemos & Andrea Prat & Raffaella Sadun, 2013. "Managing the Family Firm: Evidence from CEOs at Work," NBER Working Papers 19722, National Bureau of Economic Research, Inc.
- Prat, Andrea & Bandiera, Oriana & Sadun, Raffaella & Lemos, Renata, 2015. "Managing the Family Firm: Evidence from CEOs at Work," CEPR Discussion Papers 10379, C.E.P.R. Discussion Papers.
- Bandiera, Oriana & Prat, Andrea & Sadun, Raffaella, 2013. "Managing the family firm: evidence from CEOs at work," LSE Research Online Documents on Economics 58162, London School of Economics and Political Science, LSE Library.
- Oriana Bandiera & Andrea Prat & Renata Lemos & Raffaella Sadun, 2013. "Managing the Family Firm: Evidence from CEOs at Work," Harvard Business School Working Papers 14-044, Harvard Business School, revised Jun 2017.
- Xu, Nianhang & Yuan, Qingbo & Jiang, Xuanyu & Chan, Kam C., 2015. "Founder's political connections, second generation involvement, and family firm performance: Evidence from China," Journal of Corporate Finance, Elsevier, vol. 33(C), pages 243-259.
- Hearn, Bruce, 2011. "The performance and the effects of family control in North African IPOs," International Review of Financial Analysis, Elsevier, vol. 20(3), pages 140-151, June.
- Bennedsen, Morten & Fan, Joseph P.H. & Jian, Ming & Yeh, Yin-Hua, 2015. "The family business map: Framework, selective survey, and evidence from Chinese family firm succession," Journal of Corporate Finance, Elsevier, vol. 33(C), pages 212-226.
- Mike Burkart & Fausto Panunzi & Andrei Shleifer, 2003.
"Family Firms,"
Journal of Finance, American Finance Association, vol. 58(5), pages 2167-2201, October.
- Mike Burkart & Fausto Panunzi & Andrei Shleifer, 2002. "Family Firms," Harvard Institute of Economic Research Working Papers 1944, Harvard - Institute of Economic Research.
- Burkart, Mike & Panunzi, Fausto & Shleifer, Andrei, 2003. "Family Firms," Scholarly Articles 30747196, Harvard University Department of Economics.
- Mike Burkart & Fausto Panunzi & Andrei Shleifer, 2002. "Family Firms," NBER Working Papers 8776, National Bureau of Economic Research, Inc.
- Andrei Shleifer & Fausto Panunzi & Mike Burkart, 2002. "Family Firms," FMG Discussion Papers dp406, Financial Markets Group.
- Shleifer, Andrei & Panunzi, Fausto & Burkart, Mike, 2002. "Family Firms," CEPR Discussion Papers 3234, C.E.P.R. Discussion Papers.
- Burkart, Mike & Panunzi, Fausto & Shleifer, Andrei, 2003. "Family firms," LSE Research Online Documents on Economics 69549, London School of Economics and Political Science, LSE Library.
- Shleifer, Andrei & Panunzi, Fausto & Burkart, Mike, 2002. "Family firms," LSE Research Online Documents on Economics 24926, London School of Economics and Political Science, LSE Library.
- Bennedsen, Morten & Nielsen, Kasper & Pérez-González, Francisco & Wolfenzon, Daniel, 2005. "Inside the Family Firm," Working Papers 21-2005, Copenhagen Business School, Department of Economics.
- Randall Morck, 2005.
"How to Eliminate Pyramidal Business Groups: The Double Taxation of Intercorporate Dividends and Other Incisive Uses of Tax Policy,"
NBER Chapters, in: Tax Policy and the Economy, Volume 19, pages 135-179,
National Bureau of Economic Research, Inc.
- Randall Morck, 2004. "How to Eliminate Pyramidal Business Groups - The Double Taxation of Inter-Corporate Dividends and Other Incisive Uses of Tax Policy," NBER Working Papers 10944, National Bureau of Economic Research, Inc.
- Morck, Randall, 2006. "How to Eliminate Pyramidal Business Groups: The Double Taxation of Inter-corporate Dividends and other Incisive Uses of Tax Policy," CEI Working Paper Series 2005-15, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
- Suveera Gill & Parmjit Kaur, 2015. "Family Involvement in Business and Financial Performance: A Panel Data Analysis," Vikalpa: The Journal for Decision Makers, , vol. 40(4), pages 395-420, December.
- Attiya Y. Javid & Robina Iqbal, 2010.
"Corporate Governance in Pakistan: Corporate Valuation, Ownership and Financing,"
PIDE-Working Papers
2010:57, Pakistan Institute of Development Economics.
- Attiya Y. Javid & Robina Iqbal, 2010. "Corporate Governance in Pakistan : Corporate Valuation, Ownership and Financing," Governance Working Papers 22830, East Asian Bureau of Economic Research.
- Randall Morck, 2009. "The Riddle of the Great Pyramids," NBER Working Papers 14858, National Bureau of Economic Research, Inc.
- Eklund, Johan & Desai, Sameeksha, 2008.
"Ownership, Economic Entrenchment and Allocation of Capital,"
Working Paper Series in Economics and Institutions of Innovation
123, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
- Johan E. Eklund & Sameeksha Desai, 2008. "Ownership, Economic Entrenchment and Allocation of Capital," Jena Economics Research Papers 2008-012, Friedrich-Schiller-University Jena.
- Desai, Sameeksha & Eklund, Johan E., 2008. "Ownership, Economic Entrenchment and Allocation of Capital," Ratio Working Papers 120, The Ratio Institute.
- Hamadi, Malika & Heinen, Andréas, 2015.
"Firm performance when ownership is very concentrated: Evidence from a semiparametric panel,"
Journal of Empirical Finance, Elsevier, vol. 34(C), pages 172-194.
- Andreas Heinen & M. Hamadi, 2015. "Firm Performance when Ownership is very Concentrated: Evidence from a Semiparametric Panel," Post-Print hal-02979991, HAL.
- M. Hamadi & A. Heinen, 2015. "Firm Performance when Ownership is very Concentrated: Evidence from a Semiparametric Panel," Working Paper CRENoS 201502, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.
- Amit, Raphael & Ding, Yuan & Villalonga, Belén & Zhang, Hua, 2015. "The role of institutional development in the prevalence and performance of entrepreneur and family-controlled firms," Journal of Corporate Finance, Elsevier, vol. 31(C), pages 284-305.
- Anaïs Hamelin-Schertzer, 2010. "Is there tunneling in Small Business Groups? Evidence from French SMEs," Working Papers CEB 10-003.RS, ULB -- Universite Libre de Bruxelles.
- Francesco Caselli & Nicola Gennaioli, 2013.
"Dynastic Management,"
Economic Inquiry, Western Economic Association International, vol. 51(1), pages 971-996, January.
- Caselli, Francesco & Gennaioli, Nicola, 2003. "Dynastic Management," CEPR Discussion Papers 3767, C.E.P.R. Discussion Papers.
- Caselli, Francesco & Gennaioli, Nicola, 2006. "Dynastic management," LSE Research Online Documents on Economics 3558, London School of Economics and Political Science, LSE Library.
- Francesco Caselli & Nicola Gennaioli, 2006. "Dynastic Management," CEP Discussion Papers dp0741, Centre for Economic Performance, LSE.
- Francesco Caselli & Nicola Gennaioli, 2003. "Dynastic Management," NBER Working Papers 9442, National Bureau of Economic Research, Inc.
- Bertrand, Marianne & Johnson, Simon & Samphantharak, Krislert & Schoar, Antoinette, 2008.
"Mixing family with business: A study of Thai business groups and the families behind them,"
Journal of Financial Economics, Elsevier, vol. 88(3), pages 466-498, June.
- Marianne Bertrand & Simon Johnson & Krislert Samphantharak & Antoinette Schoar, 2008. "Mixing Family With Business: A Study of Thai Business Groups and the Families Behind Them," NBER Working Papers 13738, National Bureau of Economic Research, Inc.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:deveco:v:80:y:2006:i:2:p:329-349. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/devec .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.