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Entrepreneurship and Family Business: Does the Organization Culture Affect to Firm Performance?

In: New Challenges in Entrepreneurship and Finance

Author

Listed:
  • Gregorio Sánchez-Marín

    (University of Murcia)

  • Ignacio Danvila-del Valle

    (Complutense University of Madrid)

  • Ángel Sastre-Castillo

    (Complutense University of Madrid)

Abstract

Family businesses are well known due to their entrepreneurial character and the founder’s influence, or dependence on him. These features lead them to develop specific organizational cultures. The organizational culture, if it is coherent with its family character in the structure of the ownership and the degree of professional management, will produce a specific kind of company. Consequently, it should be highly efficient and, therefore, reach good financial performance. Family owned companies with clan or adhocracy cultures are proposed as efficient organizational configurations. On the other side, those utilizing market or hierarchical organizational cultures will take the opposite direction.

Suggested Citation

  • Gregorio Sánchez-Marín & Ignacio Danvila-del Valle & Ángel Sastre-Castillo, 2015. "Entrepreneurship and Family Business: Does the Organization Culture Affect to Firm Performance?," Springer Books, in: Marta Peris-Ortiz & Jean-Michel Sahut (ed.), New Challenges in Entrepreneurship and Finance, edition 127, chapter 0, pages 169-179, Springer.
    • Handle: RePEc:spr:sprchp:978-3-319-08888-4_12
    DOI: 10.1007/978-3-319-08888-4_12
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