All in the family? An exploratory study of family member advisors and firm performance
2015 (English)In: Family Business Review, ISSN 0894-4865, E-ISSN 1741-6248, Vol. 28, no 3, 227-242 p.Article in journal (Refereed) Published
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.
Place, publisher, year, edition, pages
2015. Vol. 28, no 3, 227-242 p.
family advisors, performance, family firm
Economics and Business
IdentifiersURN: urn:nbn:se:hj:diva-26338DOI: 10.1177/0894486515581951ISI: 000359928200004ScopusID: 2-s2.0-84939233086Local ID: IHHCeFEOISOAI: oai:DiVA.org:hj-26338DiVA: diva2:802313