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The labor productivity of family firms : a socioemotional wealth perspective

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Firfiray, Shainaz, Larraza-Kintana, Martin and Gomez-Mejia, Luis R. (2018) The labor productivity of family firms : a socioemotional wealth perspective. In: Grifell-Tatje, E. and Lovell, K. and Sickles, R., (eds.) Oxford Handbook of Productivity Analysis. Oxford: Oxford University Press. ISBN 9780190226718

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Abstract

In this chapter we examine the relationship between family firms and labor productivity. We focus on labor productivity for two reasons. First, it is an essential component of total factor productivity for which recent analyses have found differences between family and non-family firms. Second, it is directly tied to employees’ attitudes and behavior and therefore is a key indicator to look at in order to further understand people management related issues in family firms. A family firm is a firm controlled by a group of individuals related to each other by ties of blood or marriage. Family ownership is the most common type of ownership form in almost every country (La Porta et al., 1999; Gomez-Mejia et al., 2003). Further, family firms can be found in all economic sectors and size categories, and are also significantly present among publicly held firms (Gomez-Mejia et al., 2010). Because of this ubiquity, family firm research in recent years is becoming one of the classic lines of inquiry in the management and economics literature. This literature has gained momentum during the last decade, with significant contributions published in major academic journals.

Item Type: Book Item
Subjects: H Social Sciences > HD Industries. Land use. Labor
Divisions: Faculty of Social Sciences > Warwick Business School
Library of Congress Subject Headings (LCSH): Labor productivity, Labor economics
Publisher: Oxford University Press
Place of Publication: Oxford
ISBN: 9780190226718
Book Title: Oxford Handbook of Productivity Analysis
Editor: Grifell-Tatje, E. and Lovell, K. and Sickles, R.
Official Date: 8 November 2018
Dates:
DateEvent
8 November 2018Published
2 November 2016Accepted
Number of Pages: 856
Status: Peer Reviewed
Publication Status: Published
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