In this study we examined the relationship between small family firms (SFFs) performance and one much-debated aspect of corporate governance: outsiders. We also consider generational effect. A regression analysis of 950 Italian private SFFs during the period 2007-2009 indicates a positive and significant relationship between SFFs performance and outsiders. Specifically, our findings indicate that: 1) inside directors (founder and/or heirs) have a positive effect on firm performance only in the first generation; 2) outsiders have a positive effect on SFFs performance; 3) this effect is positive and significant in every generation.

Gordini, N. (2012). The Impact of Outsiders on Small Family Firms Performance: Evidence From Italy. Intervento presentato a: Asian Business Research Conference, Bangkok, Thailand.

The Impact of Outsiders on Small Family Firms Performance: Evidence From Italy

GORDINI, NICCOLO'
2012

Abstract

In this study we examined the relationship between small family firms (SFFs) performance and one much-debated aspect of corporate governance: outsiders. We also consider generational effect. A regression analysis of 950 Italian private SFFs during the period 2007-2009 indicates a positive and significant relationship between SFFs performance and outsiders. Specifically, our findings indicate that: 1) inside directors (founder and/or heirs) have a positive effect on firm performance only in the first generation; 2) outsiders have a positive effect on SFFs performance; 3) this effect is positive and significant in every generation.
paper
small family firms, outsiders, corporate governance
English
Asian Business Research Conference
2012
2012
none
Gordini, N. (2012). The Impact of Outsiders on Small Family Firms Performance: Evidence From Italy. Intervento presentato a: Asian Business Research Conference, Bangkok, Thailand.
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/10281/31161
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