Family Firm Performance: Further Evidence

Lee, Jim

doi:10.1111/j.1741-6248.2006.00060.x

Cited by 410 publications

(385 citation statements)

References 27 publications

Supporting

Mentioning

315

Contrasting

Unclassified

Order By: Relevance

“…Previous research on the relevance of firm size has shown that small firm size, as is prevalent in rural tourism, can block organisational development due to a lack of economies of scale, access to capital, bargaining power and employee attraction (Bamiatzi & Kirchmaier, 2014;Pansiri, 2007;Sundbo et al, 2007;Weiermair & Peters, 1998;Zhao & Getz, 2008). Larger (family) firms are also usually more able to endure financial crises (Lee, 2006) due to greater financial endowment. At the same time, small firms can benefit from more flexible business behaviour, such as being able to quickly react to environmental changes or by focusing on niche strategies (Bamiatzi & Kirchmaier, 2014).…”

Section: Hypotheses Developmentmentioning

confidence: 99%

Entrepreneurial behaviour, firm size and financial performance: the case of rural tourism family firms

Kallmuenzer

Peters

2017

Tourism Recreation Research

View full text Add to dashboard Cite

Family firms dominate the rural tourism industry, and within these firms family related interests guide entrepreneurial behaviour. This study utilises the entrepreneurial orientation (EO)-performance relationship to investigate which kind of entrepreneurial behaviour is important in order for rural tourism family firms to perform well. Considering the moderating effect of firm size, findings based on a sample of 198 firms and 4 follow-up interviews with owner-managers show that Innovativeness and Proactiveness are relevant variables to explain performance, while Risk-Taking is not. In addition, the Proactiveness-performance effect was negatively impacted by micro firm size. Initiatives to foster firm collaboration to overcome the disadvantage of small firm size and to stimulate entrepreneurship and innovation are suggested. ARTICLE HISTORY

show abstract

Section: Hypotheses Developmentmentioning

confidence: 99%

Entrepreneurial behaviour, firm size and financial performance: the case of rural tourism family firms

Kallmuenzer

Peters

2017

Tourism Recreation Research

View full text Add to dashboard Cite

show abstract

“…The scale was adapted from the original dummy coding to fit the seven-point Likert scale generally applied within the questionnaire to ensure internal consistency. Financial Performance was measured by asking respondents to assess the extent to which their firm reached its performance targets over the previous three years on a seven-point Likert scale, ranging from 1 Bclearly underperformed^to 7 Bclearly exceeded^ (Lee 2006;Lindow et al 2010).…”

Section: Methodsmentioning

confidence: 99%

Disentangling antecedents and performance effects of family SME innovation: A knowledge-based perspective

Kallmuenzer

Scholl-Grissemann

2017

Int Entrep Manag J

View full text Add to dashboard Cite

Understanding how family small and medium-sized enterprises (SMEs) seize opportunities for innovation and thus achieve superior performance is of substantial interest to family firm managers and academia. This paper develops a conceptual framework of antecedents that include resources internal and external to the firm in the two major dimensions of technological innovation (TI) and management innovation (MI) and their effects on financial performance. The framework is empirically tested with survey data from 152 manufacturing family SMEs in the D-A-CH countries, which comprise Germany (D), Austria (A) and Switzerland (CH). Drawing on the knowledge-based view, the results highlight the central role of firm-external knowledge for family firm innovation, which is inherent in an industry's technological opportunities and interorganizational collaboration. Furthermore, results show that it is only through technological innovation that family firms can capitalize on innovation. Finally, management innovation is still observed to constitute a vital complement for technological innovation in that it is an enabler for innovation in products and processes. Recommendations for practice include the need for technological innovation, openness toward collaborations with external partners and receptiveness to knowledge from external sources.

show abstract

“…A clan is similar to a family-type organization and "typical characteristics of clan-type firms were teamwork, employee involvement and corporate commitment to employees" [18]. This clan feature of family firms has been confirmed by many researchers [19,20]. In family firms, commitment, harmony, long-term orientation and customer service are culture values generalized by Vallejo [21] and these values are consistent with the clan culture.…”

Section: Discussionmentioning

confidence: 57%

Organizational Culture and Employee Satisfaction: An Exploratory Study

Zhang¹,

Li²

2013

IJTEF

View full text Add to dashboard Cite

Abstract-Organizational culture has been considered as one of important core competencies of an organization. The individuals, groups and the organization as a whole are running under its culture although it is almost intangible. This paper attempts to describe organizational culture and to explore the relationship between organizational culture and employee satisfaction under the case of a Chinese family firm. As a side product, a quantitative approach is provided to support managerial decisions on culture changes in order to improve organizational effectiveness.

show abstract

Family Firm Performance: Further Evidence

Cited by 410 publications

References 27 publications

Entrepreneurial behaviour, firm size and financial performance: the case of rural tourism family firms

Entrepreneurial behaviour, firm size and financial performance: the case of rural tourism family firms

Disentangling antecedents and performance effects of family SME innovation: A knowledge-based perspective

Organizational Culture and Employee Satisfaction: An Exploratory Study

Contact Info

Product

Resources

About