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.
| Original language | English |
|---|---|
| Pages (from-to) | 227-242 |
| Number of pages | 16 |
| Journal | Family Business Review |
| Volume | 28 |
| Issue number | 3 |
| DOIs | |
| Publication status | Published - 1 Sept 2015 |
| Externally published | Yes |
Keywords
- family business
- family member advisors
- generation in control
- performance
Fingerprint
Dive into the research topics of 'All in the family? An exploratory study of family member advisors and firm performance'. Together they form a unique fingerprint.Cite this
- APA
- Author
- BIBTEX
- Harvard
- Standard
- RIS
- Vancouver