Figure 1
Two density plots stacked vertically. The top plot is titled Full Sample, with the horizontal axis labelled Size ranging from negative ten to twenty, and the vertical axis labelled Density, ranging from zero to twenty percent. It features two lines: a solid line representing Family and a dashed line representing Non-Family. The bottom plot is titled Matched Sample, with the same axes labels, showing a similar range for size. Here, the Family line is displayed as a dotted line, while the Non-Family is shown as a dashed line. Both plots illustrate the distributions of sizes for the two groups across different sample contexts, highlighting how their densities change.Distribution based on firm size
Note(s): These figures present the size distributions for family and nonfamily firms in the full sample (before propensity score matching) and in the matched sample (after the implementation of propensity score matching)
Source: Authors’ own work