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

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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:
ID Code:
129438
Deposited By:
Deposited On:
13 Dec 2018 11:30
Refereed?:
Yes
Published?:
Published
Last Modified:
01 Sep 2020 05:22