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  • Family involvement SME_Accepted JSBM

    Rights statement: This is the peer reviewed version of the following article: De Massis, A., Kotlar, J., Campopiano, G. and Cassia, L. (2015), The Impact of Family Involvement on SMEs’ Performance: Theory and Evidence. Journal of Small Business Management, 53: 924–948. doi: 10.1111/jsbm.12093, which has been published in final form at http://onlinelibrary.wiley.com/doi/10.1111/jsbm.12093/abstract This article may be used for non-commercial purposes in accordance With Wiley Terms and Conditions for self-archiving.

    Accepted author manuscript, 592 KB, PDF document

    Available under license: CC BY: Creative Commons Attribution 4.0 International License

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The impact of family involvement on SMEs performance: theory and evidence

Research output: Contribution to Journal/Magazine › Journal article › peer-review

Published
<mark>Journal publication date</mark>10/2015
<mark>Journal</mark>Journal of Small Business Management
Issue number4
Volume53
Number of pages25
Pages (from-to)924-948
Publication StatusPublished
Early online date29/12/13
<mark>Original language</mark>English

Abstract

By complementing agency theory with behavioral assumptions, we explore the effects of family involvement on SMEs’ performance. We identify three separate dimensions of family involvement and hypothesize non-linear, direct and interaction effects on the performance of an SME. The evidence on 787 SMEs suggests that an inverted U-shaped relationship exists between family ownership and performance, and ownership dispersion among family members negatively affects performance. Balancing family and non-family members in the TMT is found to be beneficial to SMEs’ performance, but the family ratio in the TMT becomes crucial only at high levels of family ownership.

Bibliographic note

This is the peer reviewed version of the following article: De Massis, A., Kotlar, J., Campopiano, G. and Cassia, L. (2015), The Impact of Family Involvement on SMEs’ Performance: Theory and Evidence. Journal of Small Business Management, 53: 924–948. doi: 10.1111/jsbm.12093, which has been published in final form at http://onlinelibrary.wiley.com/doi/10.1111/jsbm.12093/abstract This article may be used for non-commercial purposes in accordance With Wiley Terms and Conditions for self-archiving.