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Abstract:

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CentrePiece Article
Family business: management effort and firm performance
Oriana Bandiera, Andrea Prat and Raffaella Sadun
July 2015
Paper No' CEPCP450:
Full Paper (pdf)

CentrePiece 20 (1) Summer 2015


JEL Classification: M12; L2; D24


Tags: ceo; time; family firms; competition; productivity

Might familyowned, familyrun firms be a serious obstacle to productivity growth in Europe? Oriana Bandiera, Andrea Prat and Raffaella Sadun have collected time use data on over 1,000 chief executive officers to explore differences in the hours worked by family and professional managers – and the impact on their firms’ performance.

This article summarises ‘Managing the Family Firm: Evidence from CEOs atWork’ by Oriana Bandiera, Andrea Prat and Raffaella Sadun, CEP Discussion Paper No. 1250.