Anmerkungen:
In: Journal of Small Business Management, 2014 52(2), pp. 210–225
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments March 14, 2014 erstellt
Beschreibung:
By integrating the stewardship and agency perspectives, our study extends the understanding of the dynamics that regulate the family as either an asset or liability for the firm. Our results show that the percentage of family members on the top management team (TMT) has an inverted U-shaped relationship with firm performance. However, when environmental dynamism is low this curvilinear relationship becomes steeper. When environmental dynamism is high, an increased percentage of family members on the TMT enhances firm performance