Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/177810 
Authors: 
Year of Publication: 
2018
Citation: 
[Journal:] IZA World of Labor [ISSN:] 2054-9571 [Article No.:] 434 [Publisher:] Institute for the Study of Labor (IZA) [Place:] Bonn [Year:] 2018
Publisher: 
Institute for the Study of Labor (IZA), Bonn
Abstract: 
Family firms are ubiquitous in most countries. The differences in objectives, governance, and management styles between those firms and their non-family counterparts have several implications for the workforce, which scholars have only recently started to investigate. Family firms offer greater job security, employ different management practices, have a comparative advantage to avoid conflicts when employment relations are more hostile, and provide insurance to workers through implicit contracts when labor market regulation is limited. But all this also comes at a cost.
Subjects: 
family firms
wages
job security
working conditions
paternalism
JEL: 
G34
J31
J33
J63
L26
Persistent Identifier of the first edition: 
Document Type: 
Article

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