Who is in Charge?

It has been quiet on the farm lately but nothing like three cross country flights to catch up on the academic literature.

I’ve always thought it is important for people to have skin in the game.  UBS recently put out a report examining all of the academic literature surrounding companies with family control, and not surprising, those stocks tend to outperform.

A chart then download:



Why do Family-Controlled Public Companies
Outperform? The Value of Disciplined Governance