The family's effect on family firm performance: A model testing the demographic and essence approaches

被引:131
作者
Basco, Rodrigo [1 ]
机构
[1] Univ Catolica Norte, Fac Ciencias Econ & Empresariales, Inst Appl Reg Econ IDEAR, Dept Econ, Antofagasta, Chile
关键词
Family business; Essence and demographic approach; Family firm performance; Top management team; Agency and stewardship theory; Family business literature review; TOP MANAGEMENT TEAMS; MEASURING ORGANIZATIONAL PERFORMANCE; UNIFIED SYSTEMS PERSPECTIVE; ENTREPRENEURIAL ORIENTATION; SOCIOEMOTIONAL WEALTH; AGENCY COSTS; GENERATIONAL INVOLVEMENT; FINANCIAL PERFORMANCE; COMPETITIVE ADVANTAGE; EMPIRICAL-EXAMINATION;
D O I
10.1016/j.jfbs.2012.12.003
中图分类号
F [经济];
学科分类号
02 ;
摘要
The demographic and essence approaches have emerged as two separate streams to tackle the issue of how the family affects family firm performance. However, this debate is still open. After analyzing 80 published articles from 2007 to 2011, I conclude that the contradictions between these two approaches come from implicit assumptions that are not modeled when each approach is tested individually. Therefore, the aim of this article is to put the demographic and essence approaches to the test. To reach this objective, I developed a theoretical framework to analyze the relationship between family management involvement, family-oriented strategic decision making, and family firm performance. I conclude that contradictory conclusions may result from each model whether they are tested separately or together. (C) 2013 Elsevier Ltd. All rights reserved.
引用
收藏
页码:42 / 66
页数:25
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