Family Business Performance: A Perspective on Family Influence
| Autor: | Catarina Afonso Alves, Ana Paula Matias Gama |
|---|---|
| Jazyk: | English<br />Spanish; Castilian<br />Portuguese |
| Rok vydání: | 2020 |
| Předmět: | |
| Zdroj: | Revista Brasileira de Gestão De Negócios, Vol 22, Iss 1 (2020) |
| Druh dokumentu: | article |
| ISSN: | 1806-4892 1983-0807 |
| DOI: | 10.7819/rbgn.v22i1.4040 |
| Popis: | Purpose – The purpose of this study is to analyze the relationship between family influence, measured through power, experience and culture (F-PEC) and family business (FB) performance. Performance is measured from a financial and non-financial perspective. Design/methodology/approach – Empirical study using the quantitative method and data collected through a questionnaire, answered by 169 Portuguese family firms. The survey design was based on prior research of FB performance and the F-PEC questionnaire. The exploratory factor analysis and multiple linear regression models are used. Findings – The results indicate a negative relationship between experience and financial performance, a positive association between a culture of family commitment and performance (financial and non-economic goals), and a positive relationship between a culture of family values and non-economic goals. The results show the importance of agreement between the firm and the family goals. Family influence on FB performance cannot be seen only from a positive (stewardship theory) or a negative (agency theory) perspective. Originality/value – Commitment increases financial performance and the achievement of non-economic goals (perpetuity and family assets). It is important to study how a culture of commitment leads to superior performance. |
| Databáze: | Directory of Open Access Journals |
| Externí odkaz: |
|