Inside the Family Firm (Bennedsen et al. 2007) | FT50 QJE VSSER25

#VSSER25 #Session3🎙️ Welcome to Revise and Resubmit — the podcast where powerful research meets thoughtful conversation, and every paper tells a story worth sharing.Today, we're stepping into the heart of the family business. The boardroom might be filled with spreadsheets, strategy, and succession plans — but sometimes, it’s also filled with baby photos, legacy dreams, and the question: Who gets the keys when the founder steps down?In this episode, we explore the groundbreaking paper “Inside the Family Firm: The Role of Families in Succession Decisions and Performance” by Morten Bennedsen, Kasper Meisner Nielsen, Francisco Perez-Gonzalez, and Daniel Wolfenzon — published in The Quarterly Journal of Economics, one of the most prestigious academic journals and a proud member of the FT50 list.With a stroke of brilliance, the authors use the gender of a CEO’s firstborn child as a natural experiment to investigate how family succession shapes firm performance. And the results? Surprising. Provocative. Thought-provoking. When family loyalty meets corporate leadership, profitability often pays the price.So here’s the question: Is blood really thicker than boardroom expertise — or should the family legacy make way for professional leadership in a changing world?A heartfelt thanks to the authors and to Oxford Academics for making this research possible.If you found today’s discussion compelling, don’t forget to subscribe to “Revise and Resubmit” on Spotify, and follow our YouTube channel, Weekend Researcher. We're also streaming on Amazon Prime Music and Apple Podcast.This is where research gets personal. And every episode leaves you with something new to think about.ReferenceMorten Bennedsen, Kasper Meisner Nielsen, Francisco Perez-Gonzalez, Daniel Wolfenzon, Inside the Family Firm: The Role of Families in Succession Decisions and Performance, The Quarterly Journal of Economics, Volume 122, Issue 2, May 2007, Pages 647–691, https://doi.org/10.1162/qjec.122.2.647Youtube Channel⁠https://www.youtube.com/@weekendresearcher⁠Support us on Patreonhttps://patreon.com/weekendresearcher