| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6022 |
| DP6022 The Evolution of Entrepreneurial Spirit and the Process of Development | |
| Oded Galor; Stelios Michalopoulos | |
| 发表日期 | 2006-12-23 |
| 出版年 | 2006 |
| 语种 | 英语 |
| 摘要 | Using firm-, industry-, and country-level data, we document a link between family ownership and labour relations. Across countries, we find that family ownership is relatively more prevalent in countries in which labour relations are difficult, consistent with firm-level evidence suggesting that family firms are particularly effective at coping with difficult labour relations. Our cross-country results are robust to controlling for minority shareholder protection and other potential determinants of family ownership. Our results also hold if we use strike data from the 1960s to predict cross-country variation in family ownership thirty years later. We address causality in two ways. First, we instrument our measure of the quality of labour relations using 'Labour Origin', a variable describing the extent to which the emerging European liberal states in the 18th and 19th centuries confronted guilds and labour organizations. Second, making use of within-country variation at the industry level, we show that - controlling for industry and country fixed effects - industries that are more labour dependent have relatively more family ownership in countries with worse labour relations. |
| 主题 | Financial Economics |
| 关键词 | Family firms Labour relations |
| URL | https://cepr.org/publications/dp6022 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/534853 |
| 推荐引用方式 GB/T 7714 | Oded Galor,Stelios Michalopoulos. DP6022 The Evolution of Entrepreneurial Spirit and the Process of Development. 2006. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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