This article reviews the existing literature about management practices in family firms, the most prevalent form of corporate ownership around the world. I summarize the existing evidence that shows family firms are less likely to adopt structured management practices, especially ‘dynastic’ family firms that combine family ownership and control. I discuss what might be the unique features of family firms that drive the lower adoption of management practices, despite the evidence that improving management boosts their productivity and performance.

中文翻译：

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家族企业和管理实践

本文回顾了有关家族企业管理实践的现有文献，家族企业是世界上最普遍的公司所有权形式。我总结了现有的证据，表明家族企业不太可能采用结构化的管理实践，尤其是结合了家族所有权和控制权的“王朝”家族企业。尽管有证据表明改进管理可以提高他们的生产力和绩效，但我讨论了家族企业可能导致管理实践采用率降低的独特特征。