 Institutional logics, family firm governance and performanceDanny Miller, Isabelle Le Breton-Miller, Mario Amore (), Alessandro Minichilli and Guido Corbetta Journal of Business Venturing, 2017, vol. 32, issue 6, 674-693 Abstract: Positive and negative views of family firms and their performance abound. Although there have been explanations for this divergence based on conditions of governance and context, the institutional environment has been less thoroughly explored as a source of these differences. We argue that the blend of family and market institutional logics in the regional communities where firms operate can have an important impact on the governance arrangements and financial performance of family firms. Specifically, we find that family-intensive governance is more common where family logic predominates in a region, and does best when this logic remains at modest levels or is countered by market logic. We test and support these notions in a comprehensive sample of private family firms in Italy, an ideal context in which distinct historically-determined logics exists among its 20 regions. Keywords: Family business; Firm governance; Institutional logics; Financial performance (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:jbvent:v:32:y:2017:i:6:p:674-693 DOI: 10.1016/j.jbusvent.2017.08.001 Access Statistics for this article Journal of Business Venturing is currently edited by S. Venkataraman More articles in Journal of Business Venturing from Elsevier |
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