Family businesses can be dynamic engines of local economic growth in rich economies, but if a few wealthy families control many of the large businesses in the country where you live, chances are the economy is in the dumps.
Using statistical measures, a University of Alberta business professor and his colleague have shown a correlation between extensive family control of the large business sector and struggling economies in the countries where they are based. Their research has been published in the latest edition of Entrepreneurship – Theory and Practice.
"Much empirical evidence supports the view that certain large shareholders, especially powerful oligarchic families, manage firms and corporate groups to extract private benefits and to preserve their own control," said Dr. Randall Morck, the Stephen A. Jarislowsky Distinguished Professor of Finance at the U of A School of Business, and lead author of the paper.
Ryan Smith | EurekAlert!
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High-precision measurement of the g-factor eleven times more precise than before / Results indicate a strong similarity between protons and antiprotons
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Heat from the friction of rocks caused by tidal forces could be the “engine” for the hydrothermal activity on Saturn's moon Enceladus. This presupposes that...
The WHO reports an estimated 429,000 malaria deaths each year. The disease mostly affects tropical and subtropical regions and in particular the African continent. The Fraunhofer Institute for Silicate Research ISC teamed up with the Fraunhofer Institute for Molecular Biology and Applied Ecology IME and the Institute of Tropical Medicine at the University of Tübingen for a new test method to detect malaria parasites in blood. The idea of the research project “NanoFRET” is to develop a highly sensitive and reliable rapid diagnostic test so that patient treatment can begin as early as possible.
Malaria is caused by parasites transmitted by mosquito bite. The most dangerous form of malaria is malaria tropica. Left untreated, it is fatal in most cases....
The formation of stars in distant galaxies is still largely unexplored. For the first time, astron-omers at the University of Geneva have now been able to closely observe a star system six billion light-years away. In doing so, they are confirming earlier simulations made by the University of Zurich. One special effect is made possible by the multiple reflections of images that run through the cosmos like a snake.
Today, astronomers have a pretty accurate idea of how stars were formed in the recent cosmic past. But do these laws also apply to older galaxies? For around a...
Just because someone is smart and well-motivated doesn't mean he or she can learn the visual skills needed to excel at tasks like matching fingerprints, interpreting medical X-rays, keeping track of aircraft on radar displays or forensic face matching.
That is the implication of a new study which shows for the first time that there is a broad range of differences in people's visual ability and that these...
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15.11.2017 | Event News
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24.11.2017 | Physics and Astronomy
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24.11.2017 | Earth Sciences