dc.contributor.author | Wold, Joakim | |
dc.contributor.author | Nußbaum, Marc | |
dc.date.accessioned | 2018-01-30T13:43:07Z | |
dc.date.available | 2018-01-30T13:43:07Z | |
dc.date.issued | 2017 | |
dc.identifier.uri | http://hdl.handle.net/11250/2480726 | |
dc.description | Masteroppgave(MSc) in Master of Science in Finance - Handelshøyskolen BI, 2017 | nb_NO |
dc.description.abstract | In this master thesis, we investigate whether employees in family firms are better
off in bad times than employees in non-family firms by using a sample of
Norwegian firms. We focus on implicit contracts that is argued to be more present
in family firms compared to non-family firms.
We fail to find evidence in support of our main hypothesis.
This might be due to the fact that payroll expense is a bad proxy for implicit
contracts. Other reasons might be that the distribution between family firms and
non-family firms in our dataset is highly skewed or that the theory might simply
not be applicable in our sample.
On the other hand, we find a large difference in the intercept between boom and
recession, meaning there is substantially lower payroll expenses during the
recession period than the boom period.
Firm size has a significant impact on the independent variable in both subsamples. | nb_NO |
dc.language.iso | eng | nb_NO |
dc.publisher | BI Norwegian Business School | nb_NO |
dc.subject | finans | nb_NO |
dc.subject | fin | nb_NO |
dc.subject | financial economics | nb_NO |
dc.title | Employment in family firms : a study on Norwegian firms | nb_NO |
dc.type | Master thesis | nb_NO |