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Social Networking and the Family Business Performance: A Conceptual Consideration

Author

Listed:
  • Kenneth Chukwujioke Agbim

    (Business Administration Department, University of Agriculture, Makurdi)

Abstract

Researchers and practitioners are divided on the preferred measures of business performance, largely due to the quality of available financial data and the measurability of the non-financial indicators. However, owing to the embeddedness of social networking in families and in the business world, this study reviews the contribution of social networking to the financial and non-financial performance of family businesses. The study is based on a review of 55 peer-reviewed published journal articles. Consequently, the most frequently used social networking platforms, the measures of financial performance, the measures and proxies of non-financial performance and the differences between financial and non-financial performance were identified. The study proposes the use of both financial and non-financial measures in assessing the performance of family businesses due to their complementary roles

Suggested Citation

  • Kenneth Chukwujioke Agbim, 2019. "Social Networking and the Family Business Performance: A Conceptual Consideration," Journal of Entrepreneurship, Management and Innovation, Fundacja Upowszechniająca Wiedzę i Naukę "Cognitione", vol. 15(1), pages 83-122.
    • Handle: RePEc:aae:journl:v:15:y:2019:i:1:p:83-122
    DOI: 10.7341/20191514
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    Citations

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    Cited by:

    1. Ignacio Cepeda-Carrion & Jaime Ortega-Gutierrez & Aurora Garrido-Moreno & Juan-Gabriel Cegarra-Navarro, 2023. "The Mediating Role of Knowledge Creation Processes in the Relationship Between Social Media and Open Innovation," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 14(2), pages 1275-1297, June.

    More about this item

    Keywords

    social networking; social network; family business; financial performance; non-financial performance; interplay; interdependence;
    All these keywords.

    JEL classification:

    • D85 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Network Formation
    • L14 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Transactional Relationships; Contracts and Reputation
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • P17 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Performance and Prospects
    • M00 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General - - - General

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