Show simple item record

dc.contributor.authorD’AURIZIO, Leandro
dc.contributor.authorROMANO, Livio
dc.date.accessioned2011-09-07T14:51:32Z
dc.date.available2011-09-07T14:51:32Z
dc.date.issued2011
dc.identifier.issn1725-6704
dc.identifier.urihttp://hdl.handle.net/1814/18356
dc.description.abstractThe purpose of this paper is to study how family firms, compared to widely-held companies, reacted to the 2008 economic crisis in terms of employment adjustments. By using a difference-in-difference approach, we provide empirical evidence that di- vergent paths of adjustment between family and non-family firms exist, with family firms systematically preferring to safeguard workplaces close to the firm's headquarters, compared to other plants. We offer a new theoretical framework consistent with these findings, that we define the social recognition motive, based on the psychological rela- tion linking the family owner with his community of reference. We investigate possible alternative explanations for the results, most of whom can be ruled out in our setting. Finally, we test more directly for the validity of the social recognition theory, finding encouraging results in line with the predictions.en
dc.format.mimetypeapplication/pdf
dc.language.isoenen
dc.relation.ispartofseriesEUI ECOen
dc.relation.ispartofseries2011/28en
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectC81en
dc.subjectD22en
dc.subjectJ60en
dc.subjectM14en
dc.subjectFamily Firmsen
dc.subjectGreat Recessionen
dc.subjectEmploymenten
dc.subjectSocial Pressureen
dc.titleFamily Firms and the Great Recession: Out of Sight, Out of Mind?en
dc.typeWorking Paperen
dc.neeo.contributorD’AURIZIO|Leandro|aut|
dc.neeo.contributorROMANO|Livio|aut|
eui.subscribe.skiptrue


Files in this item

Icon

This item appears in the following Collection(s)

Show simple item record