We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Strength in Stability: A Meta-Analysis of Family Firm Performance Moderated by Institutional Stability and Regime Type.
- Authors
Lohwasser, Todor S.; Hoch, Felix; Kellermanns, Franz W.
- Abstract
This meta-analysis of 142 studies from 36 countries examines how the institutional environment moderates the relationship between family involvement and firm performance. Specifically, we investigate performance differences between family and nonfamily firms while using property rights protection, institutional stability, and a country's regime type as moderators. Our analysis shows that institutional stability serves as a decisive moderator of the relationship between family involvement and firm performance and that family firms outperform nonfamily firms in democracies and autocracies but not in anocracies. Based on these findings, we provide and discuss both practical recommendations for family firms and theoretical implications for institutional theory.
- Subjects
POLITICAL stability; FAMILY-owned business enterprises; POLITICAL systems; ORGANIZATIONAL performance; FAMILY stability
- Publication
Entrepreneurship: Theory & Practice, 2022, Vol 46, Issue 1, p117
- ISSN
1042-2587
- Publication type
Article
- DOI
10.1177/10422587211026863