Heterogeneity in Family Firms
exploring governance configurations and their effect on strategies release_ccobtmnjcjfd5j6pcaq5ha6tzu

by Tomás Guillén Gorbe, Alejandro Escribá-Esteve

Published in Harvard Deusto Business Research by Harvard Deusto Business Research, EAE Business School.

2021   Volume 10, p26-54


This research explores in greater depth the importance of considering the heterogeneity between family businesses so as to better understand the differences in their strategic behavior, performance and business results. With this, we attempt to contribute to the theories on the relationship between corporate governance and strategic management in the field of family business research.
 Our study identifies the different configurations that may be adopted in the ownership structures and the management and governance bodies of family firms, analyzing how these configurations are related to the firm's strategic outcomes. Using a sample of 111 family firms, we perform a cluster analysis that allows us to determine distinct types of family businesses based on a set of dimensions regarding the characteristics of their governance bodies, both in business and in the family, as well as their ownership structure and degree of family involvement in management tasks. We then link the different types found with the profiles of managers, the repertoire of strategies used by these companies, and the differences in obtaining results in recent years.
In application/xml+jats format

Archived Files and Locations

application/pdf  818.7 kB
www.hdbresearch.com (publisher)
web.archive.org (webarchive)
Read Archived PDF
Preserved and Accessible
Type  article-journal
Stage   published
Date   2021-05-29
Container Metadata
Open Access Publication
Not in Keepers Registry
ISSN-L:  2254-6235
Work Entity
access all versions, variants, and formats of this works (eg, pre-prints)
Catalog Record
Revision: 7eb413c4-7d07-4df4-af1f-29582fec2b8e