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Dispersion of family ownership and the performance of small-to-medium size private family firms

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

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Dispersion of family ownership and the performance of small-to-medium size private family firms. / De Massis, Alfredo; Kotlar, Josip; Campopiano, Giovanna et al.
In: Journal of Family Business Strategy, Vol. 4, No. 3, 09.2013, p. 166-175.

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

Harvard

De Massis, A, Kotlar, J, Campopiano, G & Cassia, L 2013, 'Dispersion of family ownership and the performance of small-to-medium size private family firms', Journal of Family Business Strategy, vol. 4, no. 3, pp. 166-175. https://doi.org/10.1016/j.jfbs.2013.05.001

APA

De Massis, A., Kotlar, J., Campopiano, G., & Cassia, L. (2013). Dispersion of family ownership and the performance of small-to-medium size private family firms. Journal of Family Business Strategy, 4(3), 166-175. https://doi.org/10.1016/j.jfbs.2013.05.001

Vancouver

De Massis A, Kotlar J, Campopiano G, Cassia L. Dispersion of family ownership and the performance of small-to-medium size private family firms. Journal of Family Business Strategy. 2013 Sept;4(3):166-175. doi: 10.1016/j.jfbs.2013.05.001

Author

De Massis, Alfredo ; Kotlar, Josip ; Campopiano, Giovanna et al. / Dispersion of family ownership and the performance of small-to-medium size private family firms. In: Journal of Family Business Strategy. 2013 ; Vol. 4, No. 3. pp. 166-175.

Bibtex

@article{32f7b355b3504579b5adf45c0d45f020,
title = "Dispersion of family ownership and the performance of small-to-medium size private family firms",
abstract = "In this study we investigate how the dispersion of family ownership among family members affects the performance of small-to-medium-size family firms. Based on agency theory and prior research on family firms, we develop arguments pointing to the existence of a U-shaped relationship between the degree of family ownership dispersion and firm performance. We also consider the involvement of family members in top management as a moderating factor of this relationship. The empirical analyses conducted on 494 small-to-medium size private family firms in Italy support our hypotheses and offer further evidence about curvilinear relationships between family ownership and family involvement in management, and performance. Overall, our study represents a theoretical synthesis and extension of the effects of family involvement on the performance of small-to-medium size private firms. It adds empirical evidence to this stream of research, offers new insights into the sources of heterogeneity among the population of family firms, and paves the way for future investigations on other organizational outcomes, especially firm growth, in family firms.",
keywords = "Family SMEs, Private firms, Family ownership dispersion, Performance",
author = "{De Massis}, Alfredo and Josip Kotlar and Giovanna Campopiano and Lucio Cassia",
year = "2013",
month = sep,
doi = "10.1016/j.jfbs.2013.05.001",
language = "English",
volume = "4",
pages = "166--175",
journal = "Journal of Family Business Strategy",
issn = "1877-8585",
publisher = "Elsevier Limited",
number = "3",

}

RIS

TY - JOUR

T1 - Dispersion of family ownership and the performance of small-to-medium size private family firms

AU - De Massis, Alfredo

AU - Kotlar, Josip

AU - Campopiano, Giovanna

AU - Cassia, Lucio

PY - 2013/9

Y1 - 2013/9

N2 - In this study we investigate how the dispersion of family ownership among family members affects the performance of small-to-medium-size family firms. Based on agency theory and prior research on family firms, we develop arguments pointing to the existence of a U-shaped relationship between the degree of family ownership dispersion and firm performance. We also consider the involvement of family members in top management as a moderating factor of this relationship. The empirical analyses conducted on 494 small-to-medium size private family firms in Italy support our hypotheses and offer further evidence about curvilinear relationships between family ownership and family involvement in management, and performance. Overall, our study represents a theoretical synthesis and extension of the effects of family involvement on the performance of small-to-medium size private firms. It adds empirical evidence to this stream of research, offers new insights into the sources of heterogeneity among the population of family firms, and paves the way for future investigations on other organizational outcomes, especially firm growth, in family firms.

AB - In this study we investigate how the dispersion of family ownership among family members affects the performance of small-to-medium-size family firms. Based on agency theory and prior research on family firms, we develop arguments pointing to the existence of a U-shaped relationship between the degree of family ownership dispersion and firm performance. We also consider the involvement of family members in top management as a moderating factor of this relationship. The empirical analyses conducted on 494 small-to-medium size private family firms in Italy support our hypotheses and offer further evidence about curvilinear relationships between family ownership and family involvement in management, and performance. Overall, our study represents a theoretical synthesis and extension of the effects of family involvement on the performance of small-to-medium size private firms. It adds empirical evidence to this stream of research, offers new insights into the sources of heterogeneity among the population of family firms, and paves the way for future investigations on other organizational outcomes, especially firm growth, in family firms.

KW - Family SMEs

KW - Private firms

KW - Family ownership dispersion

KW - Performance

U2 - 10.1016/j.jfbs.2013.05.001

DO - 10.1016/j.jfbs.2013.05.001

M3 - Journal article

VL - 4

SP - 166

EP - 175

JO - Journal of Family Business Strategy

JF - Journal of Family Business Strategy

SN - 1877-8585

IS - 3

ER -