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dc.creatorBandiera, Oriana-
dc.creatorLemos, Renata-
dc.creatorPrat, Andrea-
dc.creatorSadun, Raffaella-
dc.date2019-11-15T13:54:35Z-
dc.date2017-12-07-
dc.date2019-11-15T13:54:35Z-
dc.date.accessioned2023-04-10T07:29:38Z-
dc.date.available2023-04-10T07:29:38Z-
dc.identifierBandiera, Oriana, Renata Lemos, Andrea Prat, and Raffaella Sadun. "Managing the Family Firm: Evidence from CEOs at Work." Review of Financial Studies 31, no. 5 (May 2018): 1605–1653. (Lead article.)-
dc.identifier0893-9454-
dc.identifierhttp://nrs.harvard.edu/urn-3:HUL.InstRepos:41845089-
dc.identifier10.1093/rfs/hhx138-
dc.identifier.urihttp://lib.yhn.edu.vn/handle/YHN/258-
dc.descriptionWe present evidence on the labor supply of CEOs and on whether family and professional CEOs differ on this dimension. We do so through a new survey instrument that allows us to codify CEOs’ diaries in a detailed and comparable fashion and to build a bottom-up measure of CEO labor supply. The comparison of 1,114 family and professional CEOs reveals that family CEOs work 9% fewer hours relative to professional CEOs. Hours worked are positively correlated with firm performance, and differences between family and non-family CEOs account for approximately 18% of the performance gap between family and non-family firms. We investigate the sources of the differences in CEO labor supply across governance types by exploiting firm and industry heterogeneity and quasi-exogenous meteorological and sport events. The evidence suggests that family CEOs value—or can pursue—leisure activities relatively more than professional CEOs. Layperson summary-
dc.descriptionAccepted Manuscript-
dc.formatapplication/pdf-
dc.languageen_US-
dc.publisherOxford University Press (OUP)-
dc.relationhttps://doi.org/10.1093/rfs/hhx138-
dc.relationReview of Financial Studies-
dc.subjectEconomics and Econometrics-
dc.subjectAccounting-
dc.subjectFinance-
dc.subjectPerformance Productivity-
dc.subjectFamily Ownership-
dc.subjectManagement-
dc.titleManaging the Family Firm: Evidence from CEOs at Work-
dc.typeJournal Article-
Appears in CollectionsTài liệu ngoại văn

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