Family firms: the problem of second-generation bosses
Although family firms are widely praised as the ‘backbone of the economy’, their productivity is often hampered by weak management. Research by Daniela Scur and Renata Lemos provides new evidence on the performance of ‘dynastic’ family-owned firms and explores why those led by family bosses adopt fewer structured management practices.
1 March 2018 Paper Number CEPCP527
This CentrePiece article is published under the centre's Growth programme.