Disentangling family firm heterogeneityEvidence from a cross-country analysis

  1. Arteaga, Rocio 1
  2. Basco, Rodrigo 2
  1. 1 Kristianstad University
    info

    Kristianstad University

    Kristianstad, Suecia

    ROR https://ror.org/00tkrft03

  2. 2 American University of Sharjah
    info

    American University of Sharjah

    Sarja, Emiratos Árabes Unidos

    ROR https://ror.org/001g2fj96

Revista:
European Journal of Family Business

ISSN: 2444-8788,  2444-877X

Any de publicació: 2023

Volum: 13

Número: 2

Pàgines: 162-181

Tipus: Article

DOI: 10.24310/EJFB.13.2.2023.17638 DIALNET GOOGLE SCHOLAR lock_openDialnet editor

Altres publicacions en: European Journal of Family Business

Resum

The existing typologies, classifications that identify types of family firms based on specific characteristics, aim to enhance our understanding of the heterogeneity of family businesses. However, these typologies fall short in thoroughly exploring and predicting behavioural and performance consequences associated with being categorized within specific classifications. Furthermore, the majority of the existing analyses have been empirically tested in one single country. To address these two research gaps, we use a sample of 814 small- and medium-sized family firms operating in 21 countries, collected by the STEP Project Global Consortium. This sample is employed to classify family firms based on their corporate governance similarities and explore their behavioural and performance patterns. Building on the principles of the configurative approach, we find that each of the four family firm configuration—group of family firms with related corporate governance mechanisms—has a unique yet similar combination of patterns in terms of transgenerational entrepreneurship practices, non-economic goals, and firm performance. Additionally, expanding on the isomorphic effect, we find evidence indicating that certain world macroregions exhibit a greater propensity for specific corporate governance configurations compared to others.

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