By Corinna M. Lindow
Corinna M. Lindow substantiates, develops, and checks a strategic healthy point of view on family members company functionality with a view to give a contribution to explaining earlier inconclusive findings. specifically, she goals at investigating even if strategic healthy determines relations company functionality and what position kin effect performs. in line with a pattern of German relations companies, the writer shows that, opposed to expectancies, family members enterprises’ functionality isn't really pushed by means of strategic healthy yet during the powerful use of family-specific elements comparable to kin enterprise governance and kin tradition. additional, the implications recommend that family members effect has vital implications for process, organizational constitution, and the fulfillment of strategic fit.
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Extra info for A Strategic Fit Perspective on Family Firm Performance
For example, employed a definition, by which a firm was treated as a family firm if the controlling shareholder directly and indirectly owned more than 20 percent,65 whereas Barth et al. used a share of ownership of 33 percent as the cut-off point66 (see Table 2). Several authors even used multiple cut-off points. , using a continuum rather than categories has several advantages. , Anderson/Reeb (2003a): p. 1308; Villalonga/Amit (2006): p. 389. See Klein (2000): p. 158; Klein (2004): p. 17. , Astrachan et al.
200 developed a conceptual framework for understanding the complexities in managing the overlap of ownership, management, and the family. , ownership, which however does not change the argument that all organizations have ownership structures, but only in family firms are they tightly linked to the family system. , Craig/Lindsay (2002): p. 418; Habbershon et al. (2003): p. 453; McCollom (1988): p. 399. 3 Characteristics of Family Firms 15 systems are “overlapping, interacting, and interdependent”80.
4 percent of the studies, contingency theoretic reasoning seems to be used unproportionally to the use of contingency theoretic analysis. 1 of this study. 3%) Moderated or mediated (as suggested by contingency theory) Source: Author. In addition to the unproportionality between the reasoning and testing of contingency relations, results of studies modeling direct versus moderated or mediated relations offer interesting results, further supporting the need for more contingency-theoretic reasoning.