Please use this identifier to cite or link to this item:
https://hdl.handle.net/2440/108619
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dc.contributor.author | Barbera, F. | - |
dc.contributor.author | Moores, K. | - |
dc.date.issued | 2013 | - |
dc.identifier.citation | Small Business Economics: an international journal, 2013; 40(4):953-976 | - |
dc.identifier.issn | 0921-898X | - |
dc.identifier.issn | 1573-0913 | - |
dc.identifier.uri | http://hdl.handle.net/2440/108619 | - |
dc.description.abstract | Motivated by a lack of consensus in the current literature, the objective of this paper is to reveal whether family firms are more or less productive than non-family firms. As a first step, this paper links family business research to the theoretical notion that family involvement has an effect on the factors of production from a productivity standpoint. Second, by using a Cobb–Douglas framework, we provide empirical evidence that family labour and capital indeed yield diverse output contributions compared with their non-family counterparts. In particular, family labour output contributions are significantly higher, and family capital output contributions significantly lower. Interestingly, differences in total factor productivity between family and non-family firms disappear when we allow for heterogeneous output contributions of family production inputs. These findings imply that the assumption of homogeneous labour and capital between family and non-family firms is inappropriate when estimating the production function. | - |
dc.description.statementofresponsibility | Francesco Barbera, Ken Moores | - |
dc.language.iso | en | - |
dc.publisher | Springer | - |
dc.rights | © Springer Science+Business Media, LLC. 2011 | - |
dc.source.uri | http://dx.doi.org/10.1007/s11187-011-9405-9 | - |
dc.subject | Heterogeneous input elasticity; family firm; Cobb-Douglas production function; total factor productivity | - |
dc.title | Firm ownership and productivity: a study of family and non-family SMEs | - |
dc.type | Journal article | - |
dc.identifier.doi | 10.1007/s11187-011-9405-9 | - |
pubs.publication-status | Published | - |
dc.identifier.orcid | Barbera, F. [0000-0002-1935-3151] | - |
Appears in Collections: | Aurora harvest 8 Economics publications |
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RA_hdl_108619.pdf Restricted Access | Restricted Access | 338.55 kB | Adobe PDF | View/Open |
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