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Entrepreneurship and Family Business: Does the Organization Culture Affect to Firm Performance?

Gregorio Sánchez-Marín, Ignacio Danvila-del Valle () and Ángel Sastre-Castillo
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Gregorio Sánchez-Marín: University of Murcia
Ignacio Danvila-del Valle: Complutense University of Madrid
Ángel Sastre-Castillo: Complutense University of Madrid

Chapter Chapter 12 in New Challenges in Entrepreneurship and Finance, 2015, pp 169-179 from Springer

Abstract: Abstract Family businesses are well known due to their entrepreneurial character and the founder’s influence, or dependence on him. These features lead them to develop specific organizational cultures. The organizational culture, if it is coherent with its family character in the structure of the ownership and the degree of professional management, will produce a specific kind of company. Consequently, it should be highly efficient and, therefore, reach good financial performance. Family owned companies with clan or adhocracy cultures are proposed as efficient organizational configurations. On the other side, those utilizing market or hierarchical organizational cultures will take the opposite direction.

Keywords: Organizational Culture; Family Firm; Family Business; Ownership Structure; Cultural Orientation (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-319-08888-4_12

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DOI: 10.1007/978-3-319-08888-4_12

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