Family Succession and Firm Performance: Evidence from Italian Family Firms

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How researchers see this paper

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Governance of Family Firms (2015, result): “Cucculelli & Micucci (2008) find similar results for Italy.”
Owner‐Management, Firm Age, and Productivity in Italian Family Firms (2014, background): “…and the number of papers analysing the Italian case (Bandiera et al., 2008; Barba-Navaretti et al., 2008; Bianco et al., 2013; Bloom et al., 2008; Cucculelli and Micucci, 2008; Destefanis and Sena, 2007; Sciascia and Mazzola, 2008; Giacomelli and Trento, 2005; Mengoli et al., 2009), no research…”
Family Business Succession and Its Impact on Financial Structure and Performance (2010, background): “Because the alternative of hiring a better and more experienced external manager is often disregarded, these companies face a lack of managerial resources, which limits their ability to attain high performance (e.g., Bennedsen, Nielsen, Perez-Gonzalez, & Wolfenzon, 2007; Cucculelli & Micucci, 2008).”
How to Pay Nonfamily Managers in Large Family Firms: A Principal—Agent Model (2011, unknown): “…is associated with lower firm performance than is achieved when the task of managing a firm is passed to an outsider (Bennedsen et al., 2007; Cucculelli & Micucci, 2008): Compared with family CEOs, outsider CEOs have a stronger incentive to exhibit strong shortterm performance to the market…”