Keeping business in the family may not be such a good idea.
The source: “Who Should—and Shouldn’t—Run the Family Business” by Stephen J. Dorgan, John J. Dowdy, and Thomas M. Rippin, in The McKinsey Quarterly, 2006: No. 3.
Family-owned companies tend to be better run than other firms—except when they are run by the eldest son. Researchers with McKinsey & Co. and the London School of Economics studied 700...