Family Firms and Labor Relations
研究发现家族所有权在劳资关系敌对的国家更普遍，表明家族企业擅长应对困难的劳资关系，且劳动密集型行业在劳资关系差的国家中家族所有权更多。
This paper examines the relationship between family ownership and the quality of labor relations. We find that family ownership is more prevalent in countries in which labor relations are hostile, consistent with the notion that family firms are particularly effective at coping with difficult labor relations. Our results are robust to controlling for minority shareholder protection and other potential determinants of family ownership. To address endogeneity issues, we show that, controlling for industry- and country-fixed effects, industries that are more labor dependent have relatively more family ownership in countries with worse labor relations.