# Profs Holger Mueller and Thomas Philippon's research on family-owned businesses is cited

1 Faculty News November 1, 2014 ![The Economist logo](/sites/default/files/styles/246w/public/assets/images/uat_025662.jpg?itok=1_MW1PTy)>

Excerpt from [The Economist](http://www.economist.com/news/business/21629385-companies-controlled-founding-families-remain-surprisingly-important-and-look-set-stay) -- "\[Family businesses\] also tend to have better labour relations, according to studies by [Holger Mueller](http://www.stern.nyu.edu/faculty/bio/holger-mueller) and [Thomas Philippon](http://w4.stern.nyu.edu/faculty/bio/thomas-philippon) of New York University’s Stern business school. This may be because workers are readier to believe promises that they will be rewarded for delivering in the long run, if such pledges are made by founding families rather than outsider bosses who may be gone in a few years."

[Read more](http://www.economist.com/news/business/21629385-companies-controlled-founding-families-remain-surprisingly-important-and-look-set-stay)