Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
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TY - JOUR
T1 - Family control and SMEs characteristics
T2 - empirical evidence from the Province of Bergamo
AU - Cassia, Lucio
AU - De Massis, Alfredo
AU - Kotlar, Josip
PY - 2011
Y1 - 2011
N2 - We studied the effects of family control on firm’s characteristics by using a set of data on small and medium enterprises located in the Northern Italian province of Bergamo. We investigated the demographic characteristics, labour distinctiveness, financial structure, and performance of 745 SMEs. Family-controlled firms appeared to be a predominant organizational type in almost all the industries, and a number of remarkable differences were found between family-controlled and non-family firms. Ultimately, family-controlled firms in our sample outperformed their non-family counterparts in terms of return on sales, return on equity, and return on assets.
AB - We studied the effects of family control on firm’s characteristics by using a set of data on small and medium enterprises located in the Northern Italian province of Bergamo. We investigated the demographic characteristics, labour distinctiveness, financial structure, and performance of 745 SMEs. Family-controlled firms appeared to be a predominant organizational type in almost all the industries, and a number of remarkable differences were found between family-controlled and non-family firms. Ultimately, family-controlled firms in our sample outperformed their non-family counterparts in terms of return on sales, return on equity, and return on assets.
KW - family business
KW - family-controlled firms
KW - SME characteristics
M3 - Journal article
VL - 2
SP - 15
EP - 22
JO - International Journal of Business, Management and Social Sciences
JF - International Journal of Business, Management and Social Sciences
SN - 2249-7463
IS - 2
ER -