6533b7d2fe1ef96bd125e90f

RESEARCH PRODUCT

When does family involvement produce superior performance in SME family business?

Tomás F. González-cruzSonia Cruz-ros

subject

MarketingGovernmentFamily businessFamily involvementbusiness.industryCorporate governance0502 economics and business05 social sciences050211 marketingAccountingbusiness050203 business & managementFirst generation

description

Abstract This study analyzes how family involvement leads to high performance in SME-family businesses (SME-FB). This research considers family involvement in management and firm governance, development of family governance, firm size, generations in FB, and ownership concentration. Results show three combinations that lead to high performance: 1) a large-enough SME-FB with a family CEO and a board with significant presence of non-family directors; 2) a large-enough SME-FB in its first generation, without family government structures, and that a non-familial top managerial team runs; 3) a large-enough SME-FB with low ownership concentration and family governance structures.

yearjournalcountryeditionlanguage
2016-04-01Journal of Business Research
https://doi.org/10.1016/j.jbusres.2015.10.124