Managerial Efficiency in Family Owned Firms in Pakistan - An Examination of Listed Firms

Rida Zaidi and Ahmad Aslam
Additional contact information
Rida Zaidi: LUMS

Microeconomics Working Papers from East Asian Bureau of Economic Research

Abstract: We examine a set of listed family firms through the means of a survey that seeks to understand the variations in the level of training, education and experience across this business form. We find great degree of concentration of family members in the top management in key critical positions. Other positions in the top management that involve technical knowledge are the ones that are left open to professionals (outside managers). However, most of the decision-making takes place within the milieu of the family. There is also a variation across firms in the level of importance according to formal training schemes, with some firms not having any access to training budgets. We find more democratic decision-making structures involving outsiders and regular training of management are key to superior performance among family firms for several reasons.

Keywords: family firms; training; education; experience (search for similar items in EconPapers)
JEL-codes: D01 D10 D13 (search for similar items in EconPapers)
Date: 2006-01
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.eaber.org/node/22283 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 301 [REDIRECT LOOP] Moved Permanently (http://www.eaber.org/node/22283 [301 Moved Permanently]--> https://www.eaber.org/node/22283 [301 Moved Permanently]--> https://www.eaber.org/node/22283 [301 Moved Permanently]--> https://www.eaber.org/node/22283 [301 Moved Permanently]--> https://www.eaber.org/node/22283 [301 Moved Permanently]--> https://www.eaber.org/node/22283 [301 Moved Permanently]--> https://www.eaber.org/node/22283 [301 Moved Permanently]--> https://www.eaber.org/node/22283)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eab:microe:22283

Access Statistics for this paper

More papers in Microeconomics Working Papers from East Asian Bureau of Economic Research Contact information at EDIRC.
Bibliographic data for series maintained by Shiro Armstrong ().