Could Nosy Family Members Be a Competitive Advantage? Familiness and Performance in Mexican Family Firms

Edgar Rogelio Ramírez-Solís (), Verónica Ilián Baños-Monroy () and Lucía Rodríguez-Aceves ()
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Edgar Rogelio Ramírez-Solís: Tecnológico de Monterrey
Verónica Ilián Baños-Monroy: Tecnológico de Monterrey
Lucía Rodríguez-Aceves: Tecnológico de Monterrey

Chapter 34 in The Palgrave Handbook of Heterogeneity among Family Firms, 2019, pp 933-960 from Springer

Abstract: Abstract How is “familiness” related to performance? In this chapter, we propose three dimensions of familiness (process, human, and organizational resources) from a perspective based on the resource-based view. Does the generation in charge of the business demonstrate a relationship between familiness and performance? We aim to look for the strongest relationship between three dimensions of familiness to show which one has the most influence on the performance of family firms and to find out if the first or second generation has a moderating function on familiness and performance. We interviewed family members from a sample of 194 Mexican family businesses and discovered that they have many characteristics in common, despite the diverse regions of Mexico in which they are located. We also used control variables such as company size, the sector in which the company was involved (commerce, services, or manufacturing), and business age to analyze the sample from different points of view. Our findings demonstrate that in our sample of Mexican family firms, “familiness” is strongly related to performance and that the generation in charge is not a relevant moderating variable between familiness and business outcomes.

Keywords: Familiness; Family involvement; Family business; Generation in charge of business; Resource-based view (search for similar items in EconPapers)
Date: 2019
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DOI: 10.1007/978-3-319-77676-7_34

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