Better managed firms perform better. Existing evidence has shown that family-managed firms have poorer management practices. Several reasons have been proposed. Limiting to family members reduces the talent pool of potential managers. Family management creates disincentives for other talented workers given that the environment is not meritocratic. Family managers themselves may be less motivated given that they may not have to compete for the position...
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INFORMATION
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2024/01/29
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Document de travail de recherche sur les politiques
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WPS10684
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1
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2024/01/29
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Disclosed
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Dysfunctional Family Management : Family-Managed Businesses and the Quality of Management Practices
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