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All in the Family?: An Exploratory Study of Family Member Advisors and Firm Performance

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All in the Family? An Exploratory Study of Family Member Advisors and Firm Performance. / Naldi, Lucia; Chirico, Francesco; Kellermanns, Franz W. et al.
In: Family Business Review, Vol. 28, No. 3, 09.2015, p. 227-242.

Research output: Contribution to Journal/MagazineJournal articlepeer-review

Harvard

Naldi, L, Chirico, F, Kellermanns, FW & Campopiano, G 2015, 'All in the Family? An Exploratory Study of Family Member Advisors and Firm Performance', Family Business Review, vol. 28, no. 3, pp. 227-242. https://doi.org/10.1177/0894486515581951

APA

Vancouver

Naldi L, Chirico F, Kellermanns FW, Campopiano G. All in the Family? An Exploratory Study of Family Member Advisors and Firm Performance. Family Business Review. 2015 Sept;28(3):227-242. Epub 2015 May 26. doi: 10.1177/0894486515581951

Author

Naldi, Lucia ; Chirico, Francesco ; Kellermanns, Franz W. et al. / All in the Family? An Exploratory Study of Family Member Advisors and Firm Performance. In: Family Business Review. 2015 ; Vol. 28, No. 3. pp. 227-242.

Bibtex

@article{7b156fa2ddd74a80b7825c1e6dffb2ba,
title = "All in the Family?: An Exploratory Study of Family Member Advisors and Firm Performance",
abstract = "This exploratory study investigates the relationship between family members serving in an advising capacity and family firm performance. Integrating the stewardship and agency perspectives, we predict an inverted U-shaped relationship between the number of family advisors and family firm performance. We argue that the generation in control moderates this relationship such that family member advisors have a positive relationship with performance in first-generation family firms and an inverted U-shaped relationship with performance in later-generation family firms. Our empirical analysis on a sample of 128 Swedish family firms confirms our hypotheses. In the concluding section, we discuss results, contributions and future research directions.",
keywords = "family business, family member advisors, generation in control, performance",
author = "Lucia Naldi and Francesco Chirico and Kellermanns, {Franz W.} and Giovanna Campopiano",
year = "2015",
month = sep,
doi = "10.1177/0894486515581951",
language = "English",
volume = "28",
pages = "227--242",
journal = "Family Business Review",
issn = "0894-4865",
publisher = "SAGE Publications Inc.",
number = "3",

}

RIS

TY - JOUR

T1 - All in the Family?

T2 - An Exploratory Study of Family Member Advisors and Firm Performance

AU - Naldi, Lucia

AU - Chirico, Francesco

AU - Kellermanns, Franz W.

AU - Campopiano, Giovanna

PY - 2015/9

Y1 - 2015/9

N2 - This exploratory study investigates the relationship between family members serving in an advising capacity and family firm performance. Integrating the stewardship and agency perspectives, we predict an inverted U-shaped relationship between the number of family advisors and family firm performance. We argue that the generation in control moderates this relationship such that family member advisors have a positive relationship with performance in first-generation family firms and an inverted U-shaped relationship with performance in later-generation family firms. Our empirical analysis on a sample of 128 Swedish family firms confirms our hypotheses. In the concluding section, we discuss results, contributions and future research directions.

AB - This exploratory study investigates the relationship between family members serving in an advising capacity and family firm performance. Integrating the stewardship and agency perspectives, we predict an inverted U-shaped relationship between the number of family advisors and family firm performance. We argue that the generation in control moderates this relationship such that family member advisors have a positive relationship with performance in first-generation family firms and an inverted U-shaped relationship with performance in later-generation family firms. Our empirical analysis on a sample of 128 Swedish family firms confirms our hypotheses. In the concluding section, we discuss results, contributions and future research directions.

KW - family business

KW - family member advisors

KW - generation in control

KW - performance

U2 - 10.1177/0894486515581951

DO - 10.1177/0894486515581951

M3 - Journal article

AN - SCOPUS:84939233086

VL - 28

SP - 227

EP - 242

JO - Family Business Review

JF - Family Business Review

SN - 0894-4865

IS - 3

ER -