Family firm heterogeneity and governance: A configuration approach

Mattias Nordqvist*, Pramodita Sharma, Francesco Chirico

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

146 Citations (Scopus)

Abstract

Family involvement in ownership and management of business varies significantly within family firms. Although the literature recognizes the diversity in family firms, it remains unclear what governance mechanisms are most appropriate to achieve prioritized performance goals of different types of family firms. By combining two established categorizations of family involvement in firm ownership and management, nine types of family firms are identified. Drawing on the configuration approach, we theorize the governance mechanisms likely to most efficiently address the incentive systems, authority relations, and norms of legitimization in each of these types of family firms.

Original languageEnglish
Pages (from-to)192-209
Number of pages18
JournalJournal of Small Business Management
Volume52
Issue number2
DOIs
Publication statusPublished - 1 Apr 2014
Externally publishedYes

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