Found via @jasonzweigwsj. I haven’t bought and read this case study yet, but it looks similar to a lot of the points that Tom Russo makes about the types of family-run businesses in which he prefers to invest.
Family-owned businesses perform poorly on most accepted ‘best practices' of good corporate governance, from majority voting to independent chairs. Could it be possible that they have an important lesson to teach publicly-held companies? Yes, say the authors, who discuss their latest research, which indicates that family-owned businesses are not only outperforming publicly-held businesses over time, but they are also leading the way on perhaps the most important best practice of them all: long-term thinking.