Ownership, Productivity and Firms´ Life-Cycle
DOI:
https://doi.org/10.24310/ejfbejfb.v8i2.5228Keywords:
Family firm, Productivity, Life-cicle, Endogeneity, Cobb-Douglas production functionAbstract
Empirical evidence on productivity differences between family owned and non-family owned firms is still sparse and reveals conflicting results. Unlike previous studies, we analyse the effect firm´s life cycle on productivity using a large sample of non-listed firms. Furthermore, we consider a model with heterogeneity of inputs between the two types of firms and addressing possible endogeneity problems. We conclude that there are no significant differences in productivity between family and non-family firms, for both startup/growth and mature stages of life cycle. Furthermore, labour seems to be the main determinant of family firms’ productivity, which is especially evident for firms in the mature stage.
Downloads
Metrics
Publication Facts
Reviewer profiles N/A
Author statements
Indexed in
-
—
- Editor & editorial board
- profiles
- Academic society
- N/A
- Publisher
- Uma Editorial, University of Malaga (Spain)
To learn about these publication facts, click 
PF is maintained by the Public Knowledge Project
Published
How to Cite
Issue
Section
License
Copyright generates two different rights: moral rights and patrimonial rights that EJFB recognizes and respects. Moral rights are those relating to the recognition of the authorship. They are rights of a personal nature that are perpetual, inalienable, unseizable and imprescriptible as consequence of the indivisible union of the author and his/her work. Patrimonial rights are those that can be derived from the reproduction, distribution, adaptation or communication of the work, among others.
Authors who publish in EJFB retain the copyright of their work and grant the right of its first publication to the journal in open access. EJFB is authorized to reproduce, distribute, disseminate or communicate the work under a CC BY-NC-SA 4.0 License. This means that you are free to share and adapt this work under the following terms:
- Attribution — You must give appropriate credit to its author(s), which implie the right to be reconognized and cited correctly.
- NonCommercial — You may not use the material for commercial purposes.
- ShareAlike — If you remix, transform, or build upon the material, you must distribute your contributions under the same license as the original.
.png){kind=logo}
27.png)
