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S. Berardi & A. Marcelletti: Family Business - Control and Concentration in Euro-Area Companies

image-12/12/2017 - 16:13Abstract - Corporate governance architecture is central to the dynamics by which successful firms and economies improve their performance over time as well as relative to each other. We exploit an augmented version of the law of proportionate effect to estimate the impact of ownership structure on firm performance. Our results suggest that ownership concentration and family control are significant company growth determinants. 

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Working Paper.pdf535.13 KB