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)...

This paper examines whether the higher profitability and valuation of family firms is related to differences in production technologies and production efficiency. Using data on S&P 500 manufacturing firms, we find that family firms are more productive than comparable non-family firms....

Purpose: We examine motives for hiring a non-family Chief Financial Officer (CFO) in family firms. We explore the perceptions of family firm owners towards external managers by analyzing how their goals relate to the employment of a non-family CFO. Design/methodology/approach: Our study is based...

This book will help HR managers and founders/owners develop a formal process within the company and also provide insights from family firms on how to manage sensitive topics ranging from family member compensation; family member appraisal, etc., and serves as a guide to HR managers struggling to...