First, family-owned franchises may lack the frequent oversight that corporate-owned outlets receive, reducing their accountability for meeting health and safety standards.

Dollar Tree has been working to overhaul its company structure, with more than a dozen corporate officers arriving less than two years ago. About a year ago, some 90 people were also laid off at ...

A. Ali, T. Y. Chen, and S. Radhakrishnan, “Corporate disclosures by family firms” Journal of Accounting and Economics, Vol. 44, Issues 1-2, 2007, pp. 238 – 286.