Key financial performance indicators in German family firms: findings of an empirical study

Barbe, Odile; Britzelmaier, Bernd; List, Fabian; Andraschko, Lars

doi:10.1504/ijbg.2020.104963

Cited by 1 publication

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“…Cardoni et al (2020) demonstrate that SMEs are often characterised by unstructured knowledge management approaches and limited implementation of a PMMS (Cardoni et al, 2020). Other studies reveal that research focusing on traditional family-owned SMEs is insufficient in comparison to the key roles these businesses play in a nation's economy; for example, 92% of all companies in the German economy are family-owned (Barbe et al, 2020). Research indicates their economic relevance, but there have been limited studies on management control and performance measurement and management innovation in SMEs.…”

Section: Literature Backgroundmentioning

confidence: 99%

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The role of HRM in the innovation of performance measurement and management systems: a multiple case study in SMEs

Sardi

Sorano

Garengo

et al. 2020

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PurposeLiterature identifies the key relevance of human resource management (HRM) in the creation of an organisational performance measurement and management system, while, in practice, small and medium-sized enterprises (SMEs) continue to prioritise financial and operational aspects. This study aims to identify the main characteristics that typify an advanced performance measurement and management system in SMEs, according to the literature dedicated to performance measurement and HRM.Design/methodology/approachThrough a multiple-case study methodology, the research deeply investigates four European SMEs. Empirical data were collected through interviews, company documents and direct observations. Then, within- and cross-case analysis were implemented to analyse the data.FindingsIn designing organisational performance measurement and management systems in SMEs, HRM emerges as essential in supporting the enhancement of the maturity of performance measurement and the improvement of performance management. Through a framework based on the relevant literature, this research identifies three conceptual propositions that highlight the main characteristics that typify advanced performance measurement and management systems in SMEs.Research limitations/implicationsThe research identifies a conceptual framework suitable to investigate empirically the role of HRM in developing performance measurement and management systems at SMEs, and it lays the foundation for future broader empirical studies in this field.Originality/valueThis paper underlines HRM as an important driver in the creation of organisational performance measurement and management systems. Moreover, it suggests some key characteristics that such a system should develop to be effective in the target enterprises.

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Section: Literature Backgroundmentioning

confidence: 99%

“…Research indicates their economic relevance, but there have been limited studies on management control and performance measurement and management innovation in SMEs. These companies still prefer traditional performance indicators (Barbe et al, 2020).…”

Section: Literature Backgroundmentioning

confidence: 99%

The role of HRM in the innovation of performance measurement and management systems: a multiple case study in SMEs

Sardi

Sorano

Garengo

et al. 2020

View full text Add to dashboard Cite

show abstract

Key financial performance indicators in German family firms: findings of an empirical study

Cited by 1 publication

References 0 publications

The role of HRM in the innovation of performance measurement and management systems: a multiple case study in SMEs

The role of HRM in the innovation of performance measurement and management systems: a multiple case study in SMEs

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