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E12other

Dynastic management

Caselli, F., & Gennaioli, N. (2013)

Economic Inquiry, 51(1), 971-996

Model in which untalented heirs running family firms reduce TFP, with incidence depending on contract enforcement. A macro rationale for a functioning market in firm ownership and control.

Sourcedoi:10.1111/j.1465-7295.2012.00467.x125 citations (OpenAlex)

Full citation

Caselli, F., & Gennaioli, N. (2013). Dynastic management. Economic Inquiry, 51(1), 971-996.

https://doi.org/10.1111/j.1465-7295.2012.00467.x

This page describes a work published elsewhere. The summary, where present, states what the authors claim; it is not the school's position. Read the source before quoting a figure.