The Trade-Off Between Family Ownership and Growth
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- Master of Science 
This paper use a large sample of non-listed Norwegian firms in order to compare differences in growth between family and non-family firms during the period 2000-2015. We use data from the Center for Corporate Governance Research (CCGR) to extract our dependent variable, sales growth, as well as several independent variables like size, industry, age, assets, ownership, employees, retention rate and cash rate. We have defined family firms as firms where one family has more than 50% ultimate ownership. The purpose is to observe if family ownership has an impact on a firm’s sales growth. Results indicate that the degree of family ownership tend to be negatively correlated with sales growth.
Masteroppgave(MSc) in Master of Science in Business, Finance - Handelshøyskolen BI, 2018