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Are two heads better than one head in managing the family business?

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  • Loren W. Tauer

Abstract

The return to operator's labour and management in sole proprietorship firms and partnership firms is compared using matching samples to determine if multi-managed firms produce greater returns. Data were obtained from a farm business management program for the years 1998 through 2001. Managers in a parent-child partnership did not generate more returns than a sole proprietorship, but nonparent-child partnerships generated $36442 more labour and management income per manager per year than the sole proprietorship.

Suggested Citation

  • Loren W. Tauer, 2014. "Are two heads better than one head in managing the family business?," Applied Economics Letters, Taylor & Francis Journals, vol. 21(14), pages 960-964, September.
    • Handle: RePEc:taf:apeclt:v:21:y:2014:i:14:p:960-964
    DOI: 10.1080/13504851.2014.902014
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    References listed on IDEAS

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    1. Alberto Abadie & Guido W. Imbens, 2002. "Simple and Bias-Corrected Matching Estimators for Average Treatment Effects," NBER Technical Working Papers 0283, National Bureau of Economic Research, Inc.
    2. Knoblauch, Wayne A. & Putnam, Linda D. & Karszes, Jason & Overton, Richard & Dymond, Cathryn, 2011. "Dairy Farm Management: Business Summary New York State 2010," Research Bulletins 186951, Cornell University, Department of Applied Economics and Management.
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