volume 36, issue 2, P241-257 2020
DOI: 10.1093/oxrep/graa007
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Belén Villalonga, Raphael Amit

Abstract: Abstract This article reviews the existing literature about the most prevalent form of corporate ownership around the world: ownership by individuals—particularly founders—and families. We summarize the existing evidence about the prevalence and persistence of family ownership around the world, along with its impact on performance—both financial and non-financial—relative to other types of corporate ownership. We discuss how and why these empirical facts and findings come about—why owners in gen…

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