Family Ownership and Firm Performance, effects of good capitalism and bad capitalism in South America
Claudio G. Müller Faculty of Business and Economics Universidad del Desarrollo – Chile May 6, 2011
This research project compares the financial performance of family firms and / with non-family firms in a series of emergent countries and introduce the institucional quality concept.
1. Family firms are more profitable than non-family firms.
2. The institutional quality affects the result of the firms as well as the entrepreneurs’ supply and family firms stability.