Participation in business associations and performance among family firms

John T. Perry, Timothy L. Pett and Amy Buhrman

International Journal of Entrepreneurship and Small Business, 2010, vol. 11, issue 3, 367-378

Abstract: We compare participation in business associations among family firms based on a firm's level of owning family influence. We find that among family firms, owning family influence is negatively related to business association participation. That is, we find that family firms that are highly influenced by their owning families are less likely to participate in business associations than firms that are influenced less by their owning families. This finding is potentially troubling for highly family influenced firms because we also find that business association participation is positively related to firm performance. Implications of these findings are also presented.

Keywords: family businesses; association participation; networking; business associations; family influences; business ownership; institutional theory; legitimacy; owning families; ownership; firm performance; Chambers of Commerce; United States; USA; small and medium-sized enterprises; SMEs; entrepreneurs; entrepreneurship; family firms; financing; corporate governance. (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijesbu:v:11:y:2010:i:3:p:367-378

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