Munich Personal RePEc Archive

Family firms and labour productivity: the role of enterprise-level bargaining in the Italian economy

Damiani, Mirella and Pompei, Fabrizio and Ricci, Andrea (2018): Family firms and labour productivity: the role of enterprise-level bargaining in the Italian economy. Published in: Journal of Small Business Management , Vol. 56, No. 4 (October 2018): pp. 573-600.

[img] PDF
MPRA_paper_91329.pdf

Download (942kB)

Abstract

We investigate the role of Italian firms in labour productivity performance. We find that family-owned firms have lower labour productivity than their non-family counterparts. In a second step, we estimate the role of firm-level bargaining (FLB) to determine whether family-controlled firms that adopt this type of bargaining may partially close the gap in terms of labour productivity with their non-family competitors. Our results, obtained through IV estimation to control for endogeneity bias, suggest that enterprises under family governance achieve significant labour productivity gains — greater than those achieved by their non-family counterparts — when they adopt firm-level bargaining.

UB_LMU-Logo
MPRA is a RePEc service hosted by
the Munich University Library in Germany.