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, when institutional efficiency is high, entrepreneur- and family-controlled firms are more prevalent and exhibit superior …-efficiency regions, and only for family-controlled firms proper, but not for entrepreneur-controlled firms. Institutional development … contingent of whether the Chairman or CEO is the entrepreneur himself/herself (positive) or a family member (negative); when …

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The role of institutional development in the prevalence and performance of entrepreneur and family-controlled firms

Amit, Raphael; Ding, Yuan; Villalonga, Belén; Zhang, Hua - In: The journal of corporate finance : contracting, … 31 (2015), pp. 284-305

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