Family firms: the problem of second-generation bosses

Renata Lemos () and Daniela Scur

CentrePiece - The magazine for economic performance from Centre for Economic Performance, LSE

Abstract: Although family firms are widely praised as the 'backbone of the economy', their productivity is often hampered by weak management. Research by Daniela Scur and Renata Lemos provides new evidence on the performance of 'dynastic' family-owned firms and explores why those led by family bosses adopt fewer structured management practices.

Keywords: CEO; firm productivity; management (search for similar items in EconPapers)
Date: 2018-03
New Economics Papers: this item is included in nep-bec, nep-eff and nep-sbm
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Persistent link: https://EconPapers.repec.org/RePEc:cep:cepcnp:527

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