All in the Family?:An Exploratory Study of Family Member Advisors and Firm Performance

Naldi, Lucia and Chirico, Francesco and Kellermanns, Franz W. and Campopiano, Giovanna (2015) All in the Family?:An Exploratory Study of Family Member Advisors and Firm Performance. Family Business Review, 28 (3). pp. 227-242. ISSN 0894-4865

Full text not available from this repository.

Abstract

This exploratory study investigates the relationship between family members serving in an advising capacity and family firm performance. Integrating the stewardship and agency perspectives, we predict an inverted U-shaped relationship between the number of family advisors and family firm performance. We argue that the generation in control moderates this relationship such that family member advisors have a positive relationship with performance in first-generation family firms and an inverted U-shaped relationship with performance in later-generation family firms. Our empirical analysis on a sample of 128 Swedish family firms confirms our hypotheses. In the concluding section, we discuss results, contributions and future research directions.

Item Type:
Journal Article
Journal or Publication Title:
Family Business Review
Uncontrolled Keywords:
/dk/atira/pure/subjectarea/asjc/2000/2003
Subjects:
?? FAMILY BUSINESSFAMILY MEMBER ADVISORSGENERATION IN CONTROLPERFORMANCEBUSINESS, MANAGEMENT AND ACCOUNTING (MISCELLANEOUS)FINANCE ??
ID Code:
129438
Deposited By:
Deposited On:
13 Dec 2018 11:30
Refereed?:
Yes
Published?:
Published
Last Modified:
16 Sep 2023 01:50