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Family business: management effort and firm performance

Author

Listed:
  • Oriana Bandiera
  • Andrea Prat
  • Raffaella Sadun

Abstract

Might familyowned, familyrun firms be a serious obstacle to productivity growth in Europe? Oriana Bandiera, Andrea Prat and Raffaella Sadun have collected time use data on over 1,000 chief executive officers to explore differences in the hours worked by family and professional managers - and the impact on their firms' performance.

Suggested Citation

  • Oriana Bandiera & Andrea Prat & Raffaella Sadun, 2015. "Family business: management effort and firm performance," CentrePiece - The magazine for economic performance 450, Centre for Economic Performance, LSE.
    • Handle: RePEc:cep:cepcnp:450
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    File URL: https://cep.lse.ac.uk/pubs/download/cp450.pdf
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    More about this item

    Keywords

    CEO; Time; Family firms; Competition; Productivity;
    All these keywords.

    JEL classification:

    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation
    • L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity

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