A set-theoretic analysis of the components of family involvement in publicly listed and major unlisted firms
Family firms can be thought of as heterogeneous configurations where ownership, governance, management and succession components are often intertwined. Previous works have typically used definitions of family firm based on one or more of these components. In this empirical work we seek to clarify the relationships among the components of family involvement in family firms by using a set-theoretic methodology (fs/QCA). Applying this methodology to a sample of 6611 publicly listed and major unlisted companies from 46 countries, we identified the most frequent configurations of family firms based on the components of family involvement. We present the most frequent configurations and discuss implications for empirical research and theory building on family firms.
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Volume (Year): 2 (2011)
Issue (Month): 1 (March)
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References listed on IDEAS
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- Zellweger, Thomas M. & Eddleston, Kimberly A. & Kellermanns, Franz W., 2010. "Exploring the concept of familiness: Introducing family firm identity," Journal of Family Business Strategy, Elsevier, vol. 1(1), pages 54-63, March.
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- Miller, Danny & Le Breton-Miller, Isabelle & Lester, Richard H. & Cannella Jr., Albert A., 2007. "Are family firms really superior performers?," Journal of Corporate Finance, Elsevier, vol. 13(5), pages 829-858, December.
- Jaskiewicz, P. & González, V. M. & Menéndez, S. & Schiereck, D., 2005. "Long-run IPO Performance Analysis of German and Spanish Family-Owned Business," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 35079, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
- Kalle Pajunen, 2008. "Institutions and inflows of foreign direct investment: a fuzzy-set analysis," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 39(4), pages 652-669, June.
- repec:ucp:bkecon:9780226702766 is not listed on IDEAS
- Malika Hamadi, 2010. "Ownership Concentration, Family Control and Performance of Firms," LSF Research Working Paper Series 10-03, Luxembourg School of Finance, University of Luxembourg.
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