Owner-Management, Firm Age, and Productivity in Italian Family Firms

被引：66

作者：

Cucculelli, Marco ^{[1
]}

Mannarino, Lidia ^{[2
]}

Pupo, Valeria ^{[2
]}

Ricotta, Fernanda ^{[2
]}

机构：

[1] Univ Politecn Marche, Dept Econ & Social Studies, Ancona, Italy

[2] Univ Calabria, Dept Econ Stat & Finance, I-87036 Arcavacata Di Rende, CS, Italy

来源：

JOURNAL OF SMALL BUSINESS MANAGEMENT | 2014年 / 52卷 / 02期

关键词：

D24; G34; COMPETITIVE ADVANTAGE; DYNAMIC CAPABILITIES; CORPORATE GOVERNANCE; PERFORMANCE; BUSINESS; STEWARDSHIP; COSTS; SUCCESSION; TURNOVER; BEHAVIOR;

D O I：

10.1111/jsbm.12103

中图分类号：

C93 [管理学];

学科分类号：

12 ; 1201 ; 1202 ; 120202 ;

摘要：

Using total factor productivity as a measure of corporate performance, we find that Italian family-run firms are less productive than firms run by outside managers and the result is robust to potential endogeneity of management regime. This difference tends to vanish when the age of the firms is taken into account. Also, when considering family-owned firms only, there is no difference in performance between outside managers and family managers.

引用

页码：325 / 343

页数：19

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