Are Family Firms Better Performers during Financial Crisis
@inproceedings{Zhou2012AreFF, title={Are Family Firms Better Performers during Financial Crisis}, author={Haoyong Zhou}, year={2012} }
Despite extensive researches on efficiency of family firms in normal or good economic times, we know rather little about whether family firms are superior performers in recession times. Using a dataset covering firms from S&P 500 (US), FTE100 (UK), DAX 30 (Germany), CAC 40 (France) and FTSE MIB 40 (Italy) during the period 2006-2010, I give empirical evidences examining the performance of family firms vis-à-vis non-family firms during the current financial crisis. I find that broadly defined…
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