Performance of Family and Non-family Firms with Self-Selection: Evidence from Dubai
Belaid Rettab, Azzeddine Azzam
DOI: 10.4236/me.2011.24070   PDF   HTML     5,473 Downloads   10,775 Views   Citations


This paper contributes to the literature on comparative performance of family and non-family businesses by accounting for self-selection and by comparing performance within and across sectors. Using an extensive data set of Dubai businesses in the four different major sectors in the Dubai economy (construction, manufacturing, services, and trading); we find that the sector matters. Family businesses outperform nonfamily businesses in trading, followed by construction as a far second. Performance of family businesses is weakest in manufacturing and services, only in trading did family businesses outperform nonfamily exporting businesses in other sectors. Reasons for that are discussed and policy implications are drawn. We also find strong evidence of self-selection bias.

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B. Rettab and A. Azzam, "Performance of Family and Non-family Firms with Self-Selection: Evidence from Dubai," Modern Economy, Vol. 2 No. 4, 2011, pp. 625-632. doi: 10.4236/me.2011.24070.

Conflicts of Interest

The authors declare no conflicts of interest.


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