This article provides new evidence on the performance differentials between family and non-family firms. Unlike previous studies based on accounting or market performance measures we used a flexible “data oriented” approach, known as Data Envelopment Analysis (DEA), to evaluate the...

This article extends the literature on CEO succession and financial performance by addressing corporate owners' mixed motives and desires to protect their interest in being in business. We draw on a Socio-Emotional Wealth (SEW) perspective to investigate how the choice of one of three succession...

Family firms represent a globally dominant form of organization, yet they confront a steep challenge of finding and managing competent leaders. Sometimes, these leaders cannot be found within the owning family. To date we know little about the governance contexts under which non-family leaders...

This article examines the affect of family management on performance of the company. We examine how familiness can provide further insights beyond the classical demographic measures of top management teams (TMTs) in explaining variations in firms' financial performance. We combine arguments on...

Provides a reaction tothearticle"Comparing the agency costs of family and non-family firms:Conceptual issues and exploratory evidence," by Chrisman, Chua, and Litz inthe same issue of Entrepreneurship Theory and Practice. This commentaryexamines theeffects of agency relationships on family firms...

Family businesses play an important role in Italy and comprise not just small firms, but large ones as well. The entrepreneurial family is defined as a group of descendants from a family founder who own shares in a company within the manufacturing, commercial, or service industry. A taxonomy of...