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- W2472715310 abstract "This paper builds upon two theories (i.e. agency and upper echelons), to explore the effects of family management and generational involvement on profitability in small, unlisted companies. Lagged performance data drawn from 294 Italian firms show positive relationship between family management and profitability, a negative relationship between generational involvement and profitability and a positive moderating effect of generational involvement on the relationship between family management and profitability. The paper provides a theoretical explanation for the literature's inconsistent findings by drawing on two established theories using a representative sample of firms. The focus on small family businesses, an under-researched segment of family businesses, complements findings on public family firms. Utilizing lagged performance data responds to the call in the family firm literature to improve methodological design and rigor." @default.
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- W2472715310 date "2012-07-01" @default.
- W2472715310 modified "2023-09-23" @default.
- W2472715310 title "Family Management and Profitability: The Role of Generational Involvement" @default.
- W2472715310 doi "https://doi.org/10.5465/ambpp.2012.13828abstract" @default.
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