| dc.description.abstract | Using a sample of 1 701 newly started Norwegian private family firms, where the
CEO also is from the founding family, (family firms), in the period from 2000
through 2015, this thesis investigates the survivability, profitability and growth of
these firms. Comparing the results of firms with a high concentration of control
with firms with low concentration of control. I find that family firms have a higher
survival rate the first 6 years of business than that of new firms where no family
has more than 50% control (non-family firms). However, the probability of
survival converges towards the same value over time. When investigating
profitability, I find that family firms takes shorter to become profitable, but nonfamily
firms will catch up and ultimately become more profitable. In terms of
growth, I find strong evidence for non-family firms having higher and more rapid
growth than family firms. There has been increasing demands for research on
private family firms, and with this thesis I wish to supplement existing research
and set the ground for further research on private family firms. My thesis provides
evidence towards empirical research, proving owners of private family firms
being less diversified and more risk averse than owners of non-family firms. | en_US |
