Now showing items 1-1 of 1

    • Family Firms 

      Burkart, Mike; Panunzi, Fausto; Shleifer, Andrei (Wiley-Blackwell, 2003)
      We present a model of succession in a firm owned and managed by its founder. The founder decides between hiring a professional manager or leaving management to his heir, as well as on how much, if any, of the shares to ...