The Under-Researched Family Firm: New Insights from Unique Norwegian Data
In Amir Sasson (ed.), At the Forefront, Looking Ahead: Research-Based Answers to Contemporary Uncertainties of Management. Universitetsforlaget, 2018
20 Pages Posted: 2 Oct 2018
Date Written: June 22, 2018
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, and that family firms differ fundamentally from other firms. Our results suggest that deeper insight into the economics of family firms may make the firms better, and the public debate more informed.
Keywords: corporate governance, corporate finance, population, family firms, majority control
JEL Classification: G32, G34
Suggested Citation: Suggested Citation