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Under which circums...
Under which circumstances do family SMES achieve high growth? : A behavioural perspective
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- Minola, Tommaso (författare)
- Univ Bergamo, Dept Management Informat & Prod Engn DIGIP, Via Pasubio 7b, I-24044 Bergamo, Italy.;Univ Bergamo, Ctr Young & Family Enterprise CYFE, Via Pasubio 7b, I-24044 Bergamo, Italy.
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- Baù, Massimo, 1983- (författare)
- Jönköping University,IHH, Företagsekonomi,IHH, Centre for Family Entrepreneurship and Ownership (CeFEO),Jonkoping Univ, Jonkoping, Sweden.
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- Brumana, Mara (författare)
- Univ Bergamo, Ctr Young & Family Enterprise CYFE, Via Pasubio 7b, I-24044 Bergamo, Italy.;Univ Bergamo, Dept Management Informat & Prod Engn, Bergamo, Italy.
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- De Massis, Alfredo (författare)
- Free Univ Bozen Bolzano, Bolzano, Italy.;IMD Business Sch, Lausanne, Switzerland.;Univ Lancaster, Lancaster, England.;Zhejiang Univ, Hangzhou, Zhejiang, Peoples R China.
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Univ Bergamo, Dept Management Informat & Prod Engn DIGIP, Via Pasubio 7b, I-24044 Bergamo, Italy;Univ Bergamo, Ctr Young & Family Enterprise CYFE, Via Pasubio 7b, I-24044 Bergamo, Italy. IHH, Företagsekonomi (creator_code:org_t)
- 2022-09-17
- 2022
- Engelska.
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Ingår i: International Small Business Journal. - : Sage Publications. - 0266-2426 .- 1741-2870. ; 40:6, s. 768-798
- Relaterad länk:
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https://doi.org/10.1...
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https://urn.kb.se/re...
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https://doi.org/10.1...
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Abstract
Ämnesord
Stäng
- High-growth firms contribute disproportionately to the creation of employment, wealth and economic development on a global basis. Yet, knowledge of the circumstances under which such growth patterns occur is limited, and the findings with regard to small and medium sized enterprises (SMEs) are inconclusive. Adopting the behavioural agency model, we analyse the effect of family control and related nuances (i.e. degree of family ownership and presence of a family chief executive officer (CEO)) on SME growth. Furthermore, we argue that the type of slack resources and their availability are a crucial organisational contingency when investigating high growth in SMEs. Using a sample of 39,631 European SMEs over a 13-year period, we find that family firms are less likely to achieve high growth compared to non-family firms; having a family CEO further reduces this likelihood. Instead, at higher (vs lower) levels of family ownership, the probability of family firms achieving high growth increases. Furthermore, the availability of high- and low-discretion slack resources influences these relationships. Our study advances current understanding of high growth in general, and family firms in particular.
Ämnesord
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv -- Företagsekonomi (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business -- Business Administration (hsv//eng)
Nyckelord
- high growth
- small and medium sized enterprises
- family control
- family firm heterogeneity
- slack resources
Publikations- och innehållstyp
- ref (ämneskategori)
- art (ämneskategori)
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