Does family business excel in firm performance? An institution-based view

Weiping Liu (), Haibin Yang () and Guangxi Zhang ()

Asia Pacific Journal of Management, 2012, vol. 29, issue 4, 965-987

Abstract: We offer an institution-based view to the classic inquiry on the relationship between family business and firm performance, which has been dominated by traditional theories such as agency theory and the resource-based view. Specifically, we argue that institutions define family business characteristics such as ownership concentration and family management, and also affect the performance of family business. Our research contributes to a reconciliation of prior inconsistent findings and calls further attention to the embedded nature of family business in institutions. Copyright Springer Science+Business Media, LLC 2012

Keywords: Family business; Institutions; Governance characteristics; Institution-based view (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (34)

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DOI: 10.1007/s10490-010-9216-6

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