This chapter reports main findings from a comprehensive study of how Norwegian family firms are governed and how they behave and perform as economic entities. Analyzing all firms from 2000 to 2015, we show that the family firm represents the most widespread way of organizing economic activity,...

Little is known about the family firm as an economic entity except for the very few family firms that are public. Our paper describes a wide range of governance and finance characteristics in the population of all private and public family firms with limited liability. We find that the family...

We identify the effects of monetary policy on credit risk-taking using a unique dataset covering the population of corporate borrowers in Norway. We find that a lower benchmark interest rate (interbank rates or overnight rates) induces the average bank to grant more loans to risky firms. We also...