Latin America
The Performance of Family Firms vs. Non-family Firms
Créé le
03.06.2016-
Mis à jour le
13.06.2016The study of 163 companies shows that family firms are not significantly performing better than non-family firms as they perform significantly worse regarding market and accounting performance. In this study, Brazil is the only country where family firms are valued slightly higher by the market.
There has been a lot of interest in the performance of corporations with regard to its ownership structure. Especially the influence that families exert on their business has kept many researchers busy. Numerous studies have been conducted so far, often leading to controversial conclusions, which are the result of differences in defining family firms or differences in how the studies have been conducted. Jaskiewicz and Klein (2005) examined several studies with the topic of family firm performance and concluded that only in approximately 40% of these studies, family firms were found to perform ...
