This setting lets you change the way you view articles. You can choose to have articles open in a dialog window, a new tab, or directly in the same window.
Open in Dialog
Open in New Tab
Open in same window

American Economic Journal: Macroeconomics: Vol. 3 No. 2 (April 2011)

AEJ: Macro Volume. 3, Issue 2 | leftPrevious ArticleNext Articleright

Expand

Quick Tools:

Print Article Summary Email Link to this Article Export Citation
Sign up for Email Alerts Follow us on Twitter Subscription Information
(Institutional Administrator Access)

Explore:

AEJ: Macro - All Issues

AEJ: Macro Forthcoming Articles

Family Firms and Labor Relations

Article Citation

Mueller, Holger M., and Thomas Philippon. 2011. "Family Firms and Labor Relations." American Economic Journal: Macroeconomics, 3(2): 218-45.

DOI: 10.1257/mac.3.2.218

Abstract

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)

Article Full-Text Access

Full-text Article

Additional Materials

Download Data Set (37.73 KB) | Online Appendix (25.73 KB)

Authors

Mueller, Holger M. (NYU)
Philippon, Thomas (NYU)

JEL Classifications

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

Comments

View Comments on This Article (0) | Login to post a comment


American Economic Journal: Macroeconomics



AEA Member Login:


Quick Tools:

Email Link to this Issue

Sign up for Email Alerts

Follow us on Twitter

Subscription Information
(Institutional Administrator Access)

Explore:

AEJ: Macro - All Issues

AEJ: Macro - Forthcoming Articles

AEA Journals

Virtual Field Journals

AEAweb | AEA Journals | Contact Us