Influence of Family Involvement in Management and Ownership on Firm Performance: Evidence From Poland

2009 ◽  
Vol 23 (1) ◽  
pp. 45-59 ◽  
Author(s):  
Oskar Kowalewski ◽  
Oleksandr Talavera ◽  
Ivan Stetsyuk
Keyword(s):  
Firm Performance ◽  
Market Economy ◽  
Family Involvement ◽  
Emerging Market ◽  
Family Ownership ◽  
Family Involvement In Management

This article investigates the influence of family involvement on firm performance in an emerging market economy. Using a panel of 217 Polish companies from 1997 to 2005, the authors find an inverted U-shaped relationship between the share of family ownership and firm performance. The data also reveal that firms with family CEOs are likely to outperform their counterparts that have nonfamily CEOs. The results take into account the endogeneity of family ownership and are robust to a number of specification checks.

Influence of Family Ownership and Governance on Performance: Evidence from India

2020 ◽  
pp. 097215091988071 ◽  
Author(s):  
Aman Srivastava ◽  
Shikha Bhatia
Keyword(s):  
Firm Performance ◽  
Family Involvement ◽  
Positive Impact ◽  
Stock Exchange ◽  
Emerging Market ◽  
External Environment ◽  
Family Ownership ◽  
Data Set ◽  
The Relationship ◽  
Measures Of Performance

This study examines how firm performance is impacted by family ownership and governance in an emerging market. Employing a panel data set of listed companies from National Stock Exchange (NSE) of India for the period 2011–2017, this study analyses the relationship between family ownership and firm performance while controlling for variables like impact of external environment and characteristics of firms. The performance of firms is measured by accounting measures of performance and Tobin’s Q. The findings of this study suggest that family ownership and firm performance have a nonlinear relationship and family ownership has a positive impact on firm performance till a certain point and after that it starts affecting firm performance negatively. This study also finds that family involvement in governance positively affects the firm performance.

scholarly journals Refining the influence of family involvement in management on firm performance: The mediating role of technological innovation efficiency

2020 ◽  
pp. 234094442095733
Author(s):  
Rubén Martínez-Alonso ◽  
María J. Martínez-Romero ◽  
Alfonso A. Rojo-Ramírez
Keyword(s):  
Firm Performance ◽  
Technological Innovation ◽  
Family Involvement ◽  
Family Firms ◽  
Performance Outcomes ◽  
Jel Classification ◽  
Theory And Practice ◽  
Mediating Role ◽  
Research Fields ◽  
Family Involvement In Management

Determining what factors influence firm performance constitutes an essential issue in both the management and the family firm research fields. This article, building on the resource-based view perspective, develops a mediation model that involves a unique intervening mechanism, namely, technological innovation efficiency (TI efficiency), with the potential to explain the inconsistencies found in prior work on the ways through which family involvement in management affects performance outcomes. Regression analyses utilizing a longitudinal sample of 1,118 Spanish private firms largely support the hypothesized mediating relationship, revealing that TI efficiency leads to richer firm performance in family firms with active family involvement in management. Overall, our findings help elucidate the black box of performance outcomes within family firms and make several contributions to theory and practice. JEL CLASSIFICATION L25; M12; O32

Family firms, family generation and performance: evidence from an emerging economy

2014 ◽  
Vol 4 (2) ◽  
pp. 197-219 ◽  
Author(s):  
Mohammad Badrul Muttakin ◽  
Arifur Khan ◽  
Nava Subramaniam
Keyword(s):  
Firm Performance ◽  
Family Firms ◽  
Emerging Market ◽  
Emerging Economy ◽  
Family Ownership ◽  
Content Type ◽  
Generation Family ◽  
And Performance ◽  
The Impact ◽  
Better Than

Purpose – The purpose of this paper is to examine the impact of family ownership on firm performance. In particular the authors investigate whether family firms outperform non-family firms and whether first generation family firms perform better than second generation family firms in an emerging economy using Bangladesh as a case. Design/methodology/approach – This study uses a data set of 141 listed Bangladeshi non-financial companies for the period 2005-2009. The methodology is based on multivariate regression analysis. Findings – The result shows that family firms perform better than their non-family counterparts. The authors also find that family ownership has a positive impact on firm performance. The analysis further reveals intergenerational differences where family firms and performance are associated positively only when founder members act as CEOs or chairmen. However, when descendents serve as CEOs or chairmen family firms are associated with poorer firm performance. Originality/value – The authors extend the findings of previous studies that investigate the family ownership and firm performance relationship in developed economy settings, but neglected emerging economies. The study also informs the literature about the intergenerational impact of family firms on performance in an emerging market.

Chinese Private Firms and Internationalization

2013 ◽  
Vol 27 (2) ◽  
pp. 126-141 ◽  
Author(s):  
Xiaoya Liang ◽  
Lihua Wang ◽  
Zhiyu Cui
Keyword(s):  
Family Involvement ◽  
Family Businesses ◽  
Family Ownership ◽  
Private Firms ◽  
Socioemotional Wealth ◽  
Chinese Firms ◽  
Family Control ◽  
Internationalization Strategies ◽  
Family Involvement In Management

Applying the socioemotional wealth perspective of family businesses, this study examines how family control affects whether firms tend to go international. Departing from prior research that has treated family involvement in management and family ownership as interchangeable and inseparable, we suggest that they are two different aspects of family control, which independently and differently affect firms’ internationalization strategies. A sample of private Chinese firms supports our predictions that family involvement in management has an inverted-U-shaped relationship with the likelihood of internationalization and that the percentage of family ownership has a U-shaped relationship with the likelihood of internationalization.

Does family matter? The moderating role of family involvement on the relationship between CSR and firm performance

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Jihwan Yeon ◽  
Michael S. Lin ◽  
Seoki Lee ◽  
Amit Sharma
Keyword(s):  
Firm Performance ◽  
Family Involvement ◽  
Firm Value ◽  
Family Ownership ◽  
Content Type ◽  
Founding Family ◽  
The Impact ◽  
The Relationship ◽  
Moderating Role

Purpose The purpose of this study is to investigate the moderating role of family involvement on the corporate social responsibility (CSR)-firm performance (FP) relationship in the US hospitality industry. Building on agency theory, this study examines how family ownership, management and board control influence the relationship between CSR and FP. Design/methodology/approach To examine the moderating effect of family ownership, family management and family board control, this study adopts the two-way fixed-effects model and performs a panel regression analysis with robust standard errors. The sample period spans 1994–2018 and 565 firm-year observations are included. Findings This study finds that the impact of CSR on FP is positively moderated by the extent of a firm’s family member involvement. In specific, all three aspects of corporate governance (i.e. ownership, management and board control) positively moderate the relationship between CSR and FP. Research limitations/implications Findings of this study yield several recommendations for hospitality managers, including shaping strategic decisions for implementing CSR, by providing a unique perspective that the involvement of founding family members can be helpful in enhancing firm value through CSR activities. Originality/value This study sheds light on the further understanding of the CSR-FP link in the hospitality literature. In addition, this study provides practical guidelines for hospitality firms in the context of CSR by revealing possible advantages of strengthened founding family involvement.

HUBUNGAN SIMULTAN ANTARA AKTIVITAS PENGAWASAN PERUSAHAAN DENGAN KINERJA PERUSAHAAN DI BURSA EFEK INDONESIA

2018 ◽  
Vol 2 (1) ◽  
pp. 63
Author(s):  
Habibatur Ridhah
Keyword(s):  
Firm Performance ◽  
Stock Exchange ◽  
Primary Objective ◽  
Family Ownership ◽  
Debt Ratio ◽  
Monitoring Activity

The primary objective of this research is to test the simultaneous relationship between board of commisioner monitoring activity and firm performance on a sample that consist of 156 companies quoted in Indonesia Stock Exchange. This study found that monitoring activity that performed by board of comissioner affect the firm performance, and vice versa, firm performance also affect the monitoring activity.. Further this research found that family ownership and debt ratio of company affected the monitoring activity that performed by Board of Commissioner. Tujuan utama dari penulisan studi ini adalah untuk melakukan pengujian hubungan simultan antara aktivitas pengawasan dewan komisaris dan kinerja perusahaan dengan menggunakan sampel sebanyak 156 perusahaan. Penelitian ini menemukan bukti bahwa aktivitas pengawasan perusahaan dapat mempengaruhi kinerja perusahaan, begitu juga sebaliknya, kinerja perusahaan dapat mempengaruhi aktivitas pengawasan perusahaan yang dilakukan oleh dewan komisaris. Studi ini juga menemukan bahwa jumlah kepemilikan keluarga, dan tingkat hutang mempengaruhi frekuensi aktivitas pengawasan yang dilakukan oleh dewan komisaris.

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