When does family involvement produce superior performance in SME family business?

Tomás F. González-Cruz and Sonia Cruz-Ros

Journal of Business Research, 2016, vol. 69, issue 4, 1452-1457

Abstract: This study analyzes how family involvement leads to high performance in SME-family businesses (SME-FB). This research considers family involvement in management and firm governance, development of family governance, firm size, generations in FB, and ownership concentration. Results show three combinations that lead to high performance: 1) a large-enough SME-FB with a family CEO and a board with significant presence of non-family directors; 2) a large-enough SME-FB in its first generation, without family government structures, and that a non-familial top managerial team runs; 3) a large-enough SME-FB with low ownership concentration and family governance structures.

Keywords: SME firms; Family business; Family involvement; Performance (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (21)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jbrese:v:69:y:2016:i:4:p:1452-1457

DOI: 10.1016/j.jbusres.2015.10.124

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