Family Ties, Social Capital and Small Businesses’ Efficiency. Evidence from the Italian Food Sector

被引:0
作者
Mariarosaria Agostino
Sabrina Ruberto
机构
[1] University of Calabria,Department of Economics, Statistics and Finance “Giovanni Anania”
[2] University of Naples L’Orientale,Department of Human and Social Sciences
来源
Journal of Family and Economic Issues | 2023年 / 44卷
关键词
Family Firms; Technical Efficiency; SMEs; Food Sector;
D O I
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中图分类号
学科分类号
摘要
We investigate whether technical efficiency is affected by family involvement in management, considering a sample of small and medium sized firms (SMEs) operating in the traditional manufacturing sector. A positive and significant relationship between family management and efficiency is found when adopting one-step procedures based on Stochastic Frontier Analysis (SFA). Furthermore, according to our results, local social capital seems to moderate the influence of the family involvement on the performance of firms, corroborating the idea that trust and reputational assets associated with family ties can compensate for the lack of cooperative behaviour and social networks characterizing some communities where firms operate.
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页码:935 / 955
页数:20
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