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Family business: management effort and firm performance

Author

Listed:
  • Oriana Bandiera
  • Andrea Prat
  • Raffaella Sadun

Abstract

Might familyowned, familyrun firms be a serious obstacle to productivity growth in Europe? Oriana Bandiera, Andrea Prat and Raffaella Sadun have collected time use data on over 1,000 chief executive officers to explore differences in the hours worked by family and professional managers - and the impact on their firms' performance.

Suggested Citation

  • Oriana Bandiera & Andrea Prat & Raffaella Sadun, 2015. "Family business: management effort and firm performance," CentrePiece - The Magazine for Economic Performance 450, Centre for Economic Performance, LSE.
  • Handle: RePEc:cep:cepcnp:450
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    File URL: http://cep.lse.ac.uk/pubs/download/cp450.pdf
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    References listed on IDEAS

    as
    1. Andrew J. Oswald & Eugenio Proto & Daniel Sgroi, 2015. "Happiness and Productivity," Journal of Labor Economics, University of Chicago Press, vol. 33(4), pages 789-822.
    2. Blanchflower, David G. & Oswald, Andrew J., 2008. "Hypertension and happiness across nations," Journal of Health Economics, Elsevier, vol. 27(2), pages 218-233, March.
    3. Andrew E. Clark, 2003. "Unemployment as a Social Norm: Psychological Evidence from Panel Data," Journal of Labor Economics, University of Chicago Press, vol. 21(2), pages 289-322, April.
    4. Freeman, Richard B, 1978. "Job Satisfaction as an Economic Variable," American Economic Review, American Economic Association, vol. 68(2), pages 135-141, May.
    5. Andrew E. Clark & Richard Layard & Claudia Senik, 2012. "The causes of happiness and misery," Post-Print halshs-00846583, HAL.
    6. Nicholas Bloom & James Liang & John Roberts & Zhichun Jenny Ying, 2015. "Does Working from Home Work? Evidence from a Chinese Experiment," The Quarterly Journal of Economics, Oxford University Press, vol. 130(1), pages 165-218.
    7. Andrew E. Clark & Ed Diener & Yannis Georgellis & Richard E. Lucas, 2008. "Lags And Leads in Life Satisfaction: a Test of the Baseline Hypothesis," Economic Journal, Royal Economic Society, vol. 118(529), pages 222-243, June.
    8. Dolan, Paul & Layard, Richard & Metcalfe, Robert, 2011. "Measuring subjective well-being for public policy," LSE Research Online Documents on Economics 35420, London School of Economics and Political Science, LSE Library.
    9. Dr Alex Bryson, 2012. "Well-being, Health and Work," National Institute of Economic and Social Research (NIESR) Discussion Papers 387, National Institute of Economic and Social Research.
    10. Blanchflower, David G; Oswald, Andrew, 2011. "International Happiness," CAGE Online Working Paper Series 39, Competitive Advantage in the Global Economy (CAGE).
    11. repec:nsr:niesrd:387 is not listed on IDEAS
    12. Paul Dolan & Richard Layard & Robert Metcalfe, 2011. "Measuring Subjective Wellbeing for Public Policy: Recommendations on Measures," CEP Special Papers 23, Centre for Economic Performance, LSE.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    CEO; Time; Family firms; Competition; Productivity;

    JEL classification:

    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation
    • L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity

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