Enterprise-Level Bargaining and Labour Productivity of Italian Family Firms: A Quantile Regression Analysis
39 Pages Posted: 4 Dec 2014
Date Written: December 4, 2014
Abstract
We investigate the role of Italian firms to evaluate their role on labour productivity performance. We find that family owned firms are less efficient than their no-family counterparts and also that family management negatively affects labour productivity. Furthermore, we estimate the role of firm level bargaining to verify whether family controlled firms, adopting these types of agreements, may partially close their efficiency gap with respect to their competitors. We find that enterprises under family governance obtain significant efficiency gains when they adopt firm level bargaining, greater than those obtained by their no-family counterparts.
Keywords: Family firms, corporate governance, labour productivity
JEL Classification: G32, G34, D24
Suggested Citation: Suggested Citation