Family-owned firms demonstrate greater resilience and sustainability compared to non-family firms due to their long-term orientation and patient capital approach, which enables them to prioritize sustainable finance and long-term value creation over short-term gains.
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Family Ownership, Control, and the Productivity Gap in European Firms - Ruth AguileraAdded:
Um, however, I think that if we look and you know, if we look long-term, more long-term, more sustainable uh, sustainable finance, more long-term and uh, family firms can really contribute to um, having more resilience. So, they're a lot more resilient because they have this long-term orientation. Um, this long-term horizons and they also have patient capital.
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