Keeping family-owned firms family-run from one generation to the next can be bad for business

Abstract

The government is seeking to encourage business growth to improve the UK’s financial situation, and they have also stated a desire to help small and medium sized firms. These smaller firms are often family owned and run. Nicholas Bloom, Raffaella Sadun and John Van Reenen find that this type of firm often compares poorly with others in terms of their management and performanc