Owner-management, firm age and productivity in Italian family firms

Marco Cucculelli, Lidia Mannarino (), Valeria Pupo () and Fernanda Ricotta
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Lidia Mannarino: University of Calabria, Department of Economics and Statistics

No 99, Mo.Fi.R. Working Papers from Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences

Abstract: Using Total Factor Productivity (TFP) 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.

Keywords: Family firms; Management; TFP (search for similar items in EconPapers)
JEL-codes: D24 G34 (search for similar items in EconPapers)
Pages: 35
Date: 2014-09
New Economics Papers: this item is included in nep-bec, nep-cse, nep-eff, nep-eur, nep-hrm and nep-sbm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (40)

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http://docs.dises.univpm.it/web/quaderni/pdfmofir/Mofir099.pdf First version, 2014 (application/pdf)

Related works:
Journal Article: Owner‐Management, Firm Age, and Productivity in Italian Family Firms (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:anc:wmofir:99

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