Family firm's long-term orientation and strong local roots suggest positive effects on regional R&D cooperation and regional innovation output. This article analyzes the effect of family firm density on regional innovation output. Combining a dataset of 326 German regions with the locations of...

Family firms play an important role in many economies around the world. Their governance may be motivated by both financial and nonfinancial concerns. This study investigates whether and how family ownership affects a particular strategic decision: to purchase or lease assets. More specifically,...

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 often develop unique capabilities over time, but these organizational competencies are difficult to identify, isolate and describe independently of the key individuals in the family firm. In this article, we provide examples and an overview of research methods that can be used to...

This study presents the results of a meta-analysis of the financial performance of family firms. Drawing on a sample of 380 studies, we find that family firms show an economically weak, albeit statistically significant, superior performance compared to non-family firms. Furthermore, we find...

This study examines how family involvement affects the performance of UK companies listed on the London Stock Exchange (LSE). Using a panel dataset from 1998 to 2008, the econometric models evaluate the effect of family involvement in terms of ownership and management on firm performance...

Structural equation modeling (SEM) has become the methodology of choice for many family business researchers investigating complex relationships between latent constructs, such as family harmony or family cohesion. Its capability to evaluate complex measurement models and structural paths...

This article examines how ownership, management and governance characteristics and the associated agency problems of family firms impact the divestment decision. Based on the divestment activity of 48 listed family firms in Belgium over a six-year period, I find an inverse U-shaped relationship...

In recent years, family business owners have indicated that attracting and retaining qualified non-family applicants is one of the greatest challenge that firms face. Although there is some empirical research that explores why family firms face this challenge, most of this work has focused on...

The concept of absorptive capacity (ACAP) observing a firm's ability to value, assimilate and utilise new external knowledge is applied in this paper. This case study analysis focuses on the strategic management processes and competitiveness of the Cimber Sterling airline. The aim is to discover...