Effects of family ownership on SME performance

Authors

DOI:

https://doi.org/10.24310/ejfbejfb.v1i2.4020

Keywords:

small and medium sized enterprises, efficiency, family firm.

Abstract

This paper proposes an analysis of efficiency differences between family and non family controlled SME’s. The financial and organisational peculiaritiesof this kind of firms are discussed, drawing on Agency and Transaction Costs theories. Due to the empirically demonstrated importance of size in the differentiation between these two types of organisations, the paper distinguishes between different size segments, in terms of number of employees. Similarly, the singularities in the efficiency of family companies are analysed by distinguishing between sectors of activity. Contrary to what could be expected, no differences in the efficiency of family owned SME’s were found. Academic and professional implications of this result are discussed in the last section of the paper.

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Author Biographies

  • Jesús Herrera-Madueño, University of Cádiz
    University of Cádiz
  • Manuel Larran-Jorge, University of Cádiz
    University of Cádiz
  • Gonzalo Sánchez-Gardey, University of Cádiz
    University of Cádiz

References

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Published

2011-11-30

Dimensions

PlumX

Citations

Crossref
Scopus
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Europe PMC

Issue

Vol. 1 No. 2 (2011)

Section

Research article

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How to Cite

Herrera-Madueño, J., Larran-Jorge, M., & Sánchez-Gardey, G. (2011). Effects of family ownership on SME performance. European Journal of Family Business, 1(2), 5-16. https://doi.org/10.24310/ejfbejfb.v1i2.4020