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Project Citation: 

Mueller, Holger M., and Philippon, Thomas. Replication data for: Family Firms and Labor Relations. Nashville, TN: American Economic Association [publisher], 2011. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E114199V1

Project Description

Summary:  View help for Summary 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. (JEL G32, G34, J52, J53)

Scope of Project

JEL Classification:  View help for JEL Classification
      G32 Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
      G34 Mergers; Acquisitions; Restructuring; Voting; Proxy Contests; Corporate Governance
      J52 Dispute Resolution: Strikes, Arbitration, and Mediation; Collective Bargaining
      J53 Labor-Management Relations; Industrial Jurisprudence


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