We investigate the productivity of family owned small and medium-sized enterprises (SMEs). Specifically, we examine whether productivity is influenced by the number of family owners and by family member involvement in daily operations. We find that the productivity of family firms is...

We examine the impact of family ownership and involvement on SME performance. Using a random sample of 1,137 non-listed Finnish SMEs, we find that family ownership is a more profitable ownership structure than dispersed ownership. When measuring profitability by ROA based on EBITDA (net income)...