Family firms and the labor productivity controversy: A distributional analysis of varying labor productivity gaps Hasselt University
The question of whether family firms have a higher or lower labor productivity than nonfamily firms has led to a stream of inconsistent evidence. We address this polarized debate by arguing that the idiosyncratic workforce characteristics combined with the dual (socioemotional versus financial) wealth concerns of family firms may differ across the labor productivity distribution, which has a varying impact on the labor productivity differences ...