The Role of Family in Family Firms

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Marianne Bertrand; Antoinette Schoar;
  • Journal: Journal of Economic Perspectives,volume 20,issue 2 Spring,pages73-96
  • Related identifiers: doi: 10.1257/jep.20.2.73

History is replete with examples of spectacular ascents of family businesses. Yet there are also numerous accounts of family businesses brought down by bitter feuds among family members, disappointed expectations between generations, and tragic sagas of later generation... View more
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