Hello everyone!
This post relates
to the topic of Week 3: "Family systems and Family Business
Performance".
One of recommended readings has
captured my attention: "Founding-Family Ownership and Firm Performance."
The paper in itself was fairly straightforward trying to highlight two main
points:
1. Family firms
outperform in comparison to non-family firms
2. When a family
member serve as CEO, performance is better than with outside CEOs.
However, the question that immediately
came into my mind was whether or not family ownership can be considered always
beneficial. After having done some research I found an interesting academic
paper which was aimed at answering to my same question. Moreover the research for
this reading had been conducted in Italy making the whole study even more
interesting for me (attached you will find the paper).
The study shows that a variable that
can positively or negatively affect the performance of family businesses
managed by family CEOs is the size of the firm.
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