IDEAS home Printed from https://ideas.repec.org/a/taf/applec/v57y2025i30p4335-4347.html
   My bibliography  Save this article

Rethinking family business resilience: an empirical examination of family firms’ performance amid the COVID-19 pandemic in the US

Author

Listed:
  • Pankaj Patel

Abstract

Contrary to recent research suggesting heightened resilience in family firms amid crises such as COVID-19, our study based on data from publicly traded firms in the US, challenges this narrative. We find that family-owned firms did not exhibit superior market performance or profitability during the pandemic compared to their non-family counterparts, or lower idiosyncratic volatility. Moreover, there were no discernible differences in how family and non-family firms perceived the effects of COVID-19 related exposure, risk, and sentiment. A plausible explanation for this finding could be the isomorphic pressures during a pandemic where neither family nor non-family firms may better leverage their resources. Our contrary evidence is important as it challenges existing assumptions and calls for a more critical evaluation of family firm resilience during the crisis.

Suggested Citation

  • Pankaj Patel, 2025. "Rethinking family business resilience: an empirical examination of family firms’ performance amid the COVID-19 pandemic in the US," Applied Economics, Taylor & Francis Journals, vol. 57(30), pages 4335-4347, June.
    • Handle: RePEc:taf:applec:v:57:y:2025:i:30:p:4335-4347
    DOI: 10.1080/00036846.2024.2358216
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/00036846.2024.2358216
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/00036846.2024.2358216?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:applec:v:57:y:2025:i:30:p:4335-4347. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RAEC20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.