Andrea Prat, Oriana Bandiera, Luigi Guiso and Raffaella Sadun

in The Ruling Class

Published in print September 2010 | ISBN: 9780199588282
Published online January 2011 | e-ISBN: 9780191595417 | DOI:

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This concluding chapter presents the main findings of the second part of the book. According to the data, the performance model is associated to better outcomes than the fidelity model. This is true for selection: managers are more qualified and more able to bear risk. It is also true for managers' behaviour the workplace: they are paid better, they work harder, and they are happier. And, it is also true for firms: they grow faster and they have higher return on capital.

Keywords: model; family; firms; performance; incentives

Chapter.  1140 words. 

Subjects: Financial Markets

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