Naldi, Lucia
[Verfasser:in]
;
Chirico, Francesco
[Sonstige Person, Familie und Körperschaft];
Kellermanns, Franz
[Sonstige Person, Familie und Körperschaft];
Campopiano, Giovanna
[Sonstige Person, Familie und Körperschaft]
All in the Family? An Exploratory Study of Family Member Advisors and Firm Performance
Anmerkungen:
In: Family Business Review, Forthcoming
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments April 9, 2015 erstellt
Beschreibung:
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