A Meta-Analysis of the Financial Performance of Family Firms: Another Attempt

Medientyp: E-Book

Titel: A Meta-Analysis of the Financial Performance of Family Firms : Another Attempt

Beteiligte: Wagner, Dominik [VerfasserIn]; Block, Jörn [Sonstige Person, Familie und Körperschaft]; Miller, Danny [Sonstige Person, Familie und Körperschaft]; Schwens, Christian [Sonstige Person, Familie und Körperschaft]; Xi, Guoqian [Sonstige Person, Familie und Körperschaft]

Erschienen: [S.l.]: SSRN, [2016]

Umfang: 1 Online-Ressource (24 p)

Sprache: Englisch

DOI: 10.2139/ssrn.2825069

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Anmerkungen: Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments March 1, 2015 erstellt

Beschreibung: This study presents the results of a meta-analysis of the financial performance of family firms. Drawing on a sample of 380 studies, we find that family firms show an economically weak, albeit statistically significant, superior performance compared to non-family firms. Furthermore, we find moderating factors to significantly condition the relationship. These results show that the positive effect of family firms on financial performance is more pronounced in samples of public and large firms and when an ownership definition of family firms is used. It is also notable that family firms do best when their performance is assessed by ROA, a measure that is not as influenced by financial structure as ROE. Based on the broad empirical evidence obtained, we discuss implications and avenues for future research

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