Family Firms

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Family Firms

Family Firms

The topic of family firms focuses on a widely popular ownership form of public and private companies around the world (La Porta, Lopez-de-Silanes, and Shleifer, 1999; Faccio and Lang, 2002). Family firms are typically defined as companies in which the founder or a member of his/her family is a blockholder, officer, or director, either individually or as a group (Anderson and Reeb, 2003; Villalonga and Amit, 2006).

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