Is the Family an "Asset" or "Liability" for Firm Performance? The Moderating Role of Environmental Dynamism

被引：76
|
作者：
Chirico, Francesco [1 ]
Bau, Massimo [1 ]
机构：
[1] Ctr Family Enterprise & Ownership CeFEO, Jonkoping Int Business Sch, SE-55111 Jonkoping, Sweden
来源：
JOURNAL OF SMALL BUSINESS MANAGEMENT | 2014年 / 52卷 / 02期
关键词：
ENTREPRENEURIAL ORIENTATION; AGENCY COSTS; CAPABILITIES; MANAGEMENT; OWNERSHIP; KNOWLEDGE; TECHNOLOGY; DIMENSIONS; DIVERSITY; DETERMINANTS;
D O I：
10.1111/jsbm.12095
中图分类号：
C93 [管理学];
学科分类号：
12 ; 1201 ; 1202 ; 120202 ;
摘要：
By integrating the stewardship and agency perspectives, our study extends the understanding of the dynamics that regulate the family as either an asset or liability for the firm. Our results show that the percentage of family members on the top management team (TMT) has an inverted U-shaped relationship with firm performance. However, when environmental dynamism is low, this curvilinear relationship becomes steeper. When environmental dynamism is high, an increased percentage of family members on the TMT enhances firm performance.
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页码：210 / 225
页数：16
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