Online-Only-Appendix: Performance of Family Firms: A Literature Review and Guidance for Future Research

Joseph H. Astrachan and Thomas Zellweger

ZfKE – Zeitschrift für KMU und Entrepreneurship, 2008, vol. 56, issue 1-2, 1-22

Abstract: This special issue ends with a comprehensive review article by Zellweger and Astrachan focused on understanding what we know about the ways in which family influence affects firm performance. Their literature review is organized along the dimensions of power, experience, and culture, through which a family can exert influence on a firm (Astrachan, Klein, Smyrnios 2002; Klein, Astrachan, Smyrnios 2005). André Hoffmann's commentary shares how the Hoffmann family has exercised its influence on the world's third largest pharmaceutical company, Roche Pharmaceuticals, for over a century. A combination of family involvement in ownership and governance of the firm has enabled the Hoffmann family to support the “Roche way of doing business”.

Date: 2008
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