Anderson R., and Reeb D. (2003). Founding-family Ownership and Firm Performance: Evidence from the S&P 500.” Journal of Finance 58(3): 1301-1328.

has been cited by the following article:

• TITLE: Performance of Family and Non-family Firms with Self-Selection: Evidence from Dubai

  AUTHORS: Belaid Rettab, Azzeddine Azzam

  KEYWORDS: Business Comparative Performance, Family Businesses, Self-Selection, Sector Performance, Dubai Enterprises

  JOURNAL NAME: Modern Economy, Vol.2 No.4, September 21, 2011

  ABSTRACT: 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.