Do family firms contribute to job stability? Evidence from the great recession

Santiago Lago-Peñas, Elena Rivo-López, Alberto Vaquero-García and Mónica Villanueva-Villar
Authors registered in the RePEc Author Service: Alberto Vaquero García

No 1801, Working Papers. Collection C: Family business from Universidade de Vigo, GEN - Governance and Economics research Network

Abstract: This article analyzes if, on average, choices made by family businesses regarding job stability in bad times are different to those made by non-family firms. Moreover, we try to elucidate if this potential difference also depends on the family generation in charge. Our analysis relies upon a sample of 55,091 Spanish firms, Spain being one of the countries that suffered the greatest impact of the so-called “Great Recession”. We find that at times of crisis, family businesses do maintain jobs in a higher extent than non-family businesses, and that this effect is especially intense when the first generation is in charge.

Keywords: family business; employment; generation; crisis; Socioemotional Wealth. (search for similar items in EconPapers)
JEL-codes: M14 M41 M42 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2018-03
New Economics Papers: this item is included in nep-eur and nep-sbm
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http://infogen.webs.uvigo.es/WPC/WP1801.pdf First version, 2018 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:gov:wpfami:1801

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