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Title: Ownership,productivity and firms´ life-cycle
Authors: Galego, Aurora
Mira, Natércia
Silva, Jacinto Vidigal
Keywords: family firms
production function
Issue Date: 2018
Publisher: European Journal of Family Business
Citation: Galego, A., Mira, N. and Vidigal da Silva, J. (2018). Ownership, productivity and firms’ life-cycle. European Journal of Family Business, 8(2), 139-151
Abstract: Empirical evidence on productivity differences between family owned and nonfamily owned firms is still sparse and reveals conflicting results. Unlike previous studies, we analyse the effect of the firm’s life cycle on productivity using a large sample of nonlisted 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.
Type: article
Appears in Collections:CEFAGE - Publicações - Artigos em Revistas Internacionais Com Arbitragem Científica

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