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Asst. Prof. UvA I Cultural Industries I Entrepreneurial Storytelling I Gen AI YouTube

Are dynasties more likely to be in specific industries? Botticelli and Barnes’ (1997) (https://lnkd.in/enUq3yeP) and Eisenmann’s (2000) (https://lnkd.in/eqDfYRY4) historical analysis of US newspaper and cable TV industries find that family-run businesses dominate these industries. Two competitive advantages are suggested - the "patient capital" that family businesses have (necessary for industries with long-term horizons) and the nonmonetary benefits that owners get (such as power, ideological stance, or satisfaction from propagating their ideas). Perpetuation of the family dynasty is another nonpecuniary motivation that enhances the "socioemotional wealth" (SEW) of family businesses (https://lnkd.in/eUsmHBnE). So, Rupert's reign may end, but the Murdoch dynasty's reign continues. #dynasties #fox #murdoch https://lnkd.in/e2jdsquQ

The End of Rupert’s Reign

The End of Rupert’s Reign

theatlantic.com

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