Prior empirical research finds positive, negative and neutral relationships between family involvement in business and firm performance. We argue that some of the challenges that have plagued empirical research in this field are related to the measurement of family involvement in business....

Family firms can be thought of as heterogeneous configurations where ownership, governance, management and succession components are often intertwined. Previous works have typically used definitions of family firm based on one or more of these components. In this empirical work we seek to...