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Family Involvement In Management And Firm Performance: Evidence From Italy

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Author Info

  • Lidia Mannarino

    ()

  • Valeria Pupo

    ()

  • Fernanda Ricotta

    ()
    (Dipartimento di Economia e Statistica, Università della Calabria)

Abstract

Using Total Factor Productivity (TFP) as a measure of corporate performance, this study compares the performance of owner management to that of firms run by professional managers over the period 2004-2006. We consider the influence of owner management for the sample as a whole and for subgroups of firms. The findings demonstrate that family run firms are less productive than firms run by professional managers, but the difference between the two is small. Our results support the idea that in Italy there is not a genuine process of manager selection both for family and no-family firms.

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File URL: http://www.ecostat.unical.it/RePEc/WorkingPapers/WP03_2011.pdf
File Function: First version, 2011-03
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Bibliographic Info

Paper provided by Università della Calabria, Dipartimento di Economia, Statistica e Finanza (Ex Dipartimento di Economia e Statistica) in its series Working Papers with number 201103.

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Length: 16 pages
Date of creation: Mar 2011
Date of revision:
Handle: RePEc:clb:wpaper:201103

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Postal: Università della Calabria, Dipartimento di Economia, Statistica e Finanza, Ponte Pietro Bucci, Cubo 0/C, I-87036 Arcavacata di Rende, CS, Italy
Phone: +39 0984 492413
Fax: +39 0984 492421
Web page: http://www.unical.it/portale/strutture/dipartimenti_240/disesf/
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Related research

Keywords: TFP; Family firms; Management;

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  1. Giorgio Barba Navaretti & Riccardo Faini & Alessandra Tucci, 2008. "Does Family Control Affect Trade Performance? Evidence for Italian Firms," Development Working Papers 260, Centro Studi Luca d\'Agliano, University of Milano.
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