What’s the difference between a family firm and a regular business? According to one new study, an empty corner office.
Professors at Harvard Business School, the London School of Economics and Columbia University’s business school examined the schedules of 356 chief executives in India and found that family CEOs worked 8% fewer hours than managers without genetic ties to their companies. The researchers found similar disparities in Brazil, Britain, France, Germany, Italy and the U.S.
This article was published by The Wall Street Journal on 4 March 2014. Link to full article
Managing the Family Firm: Evidence from CEOs at Work? by Oriana Bandiera (LSE) Andrea Prat (Columbia) Raffaella Sadun (HBS).