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The article Death of the Death Tax refers to the research by Nick Bloom of Stanford University and others finds that the family firms Group
The article Death of the Death Tax refers to the research by Nick Bloom of Stanford University and others finds that the family firms
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are the bestmanaged of any type. This is because every family members has strong incentives to put efforts into the family business.
on average make higher profit since every family members in the business will try to cut down costs.
are the worstmanaged of any type. Poor management of firms is one of the main reasons why productivity growth in rich countries has been so depressed in recent years.
on average make less profit due to conflict of interest among family members.
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