Amit, Raphael; Ding, Yuan; Villalonga, Belén; Zhang, Hua - In: Journal of Corporate Finance 31 (2015) C, pp. 284-305
, 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 …
