We provide a theoretical analysis of the relationship between investor protection and the performance of corporations with concentrated ownership and apply it to analyze two types of investor protection. First, we analyze the cost and benefits of imposing super-majority requirements on certain...

I provide a short survey on recent research on the governance of closely held corporations. I focus on the strategic choice of ownership structure, the creation of family firms and the role of the board in the closely held corporation. Attention is payed to policyimplications of the research...