Using nationally representative Norwegian data we show family-owned workplaces are less likely to close than observationally similar non-family-owned workplaces. But this changed during the Crisis when the family businesses' closure hazard soared. This hike in 2009 was not related to performance...

Using nationally representative Norwegian data we show family-owned workplaces are less likely to close than observationally similar non-family-owned workplaces. But this changed during the Crisis when the family businesses' closure hazard soared. This hike in 2009 was not related to performance...

The role of management in the productivity offamily-owned firms is examined, particularly the role of the professional,outside managers versus a member of the owner family. Comparing theproductivity of family-owned firms to that of non-family firms, and controllingfor management regime, allows...