A Strategic Fit Perspective on Family Firm Performance
Corinna M. Lindow substantiates, develops, and tests a strategic fit perspective on family firm performance in order to contribute to explaining previous inconclusive findings. In particular, she aims at investigating whether strategic fit determines family firm performance and what role family influence plays. Based on a sample of German family firms, the author indicates that, against expectations, family firms’ performance is not driven by strategic fit but through the effective use of family-specific factors such as family business governance and family culture. Further, the results suggest that family influence has important implications for strategy, organizational structure, and the achievement of strategic fit.
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2 Family Firms as Research Objects
3 Literature Review on Family Firm Performance Research
4 A Strategic Fit Perspective on Family Firm Performance
6 Analysis and Results
List of Appendices
List of References
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analysis analyzer Appendix assess associations between family Astrachan Author Average EBIT Average ROA centralization chi-square chi-square test Chrisman Chua Cluster conceptualization contingency theory correlation culture decision-making defender definition Descriptive Statistics Donaldson 2001a empirical Entrepreneurship Theory equifinality F-Culture F-Experience F-Power family and business Family Business Review family firm performance family firm research family influence family members family ownership family’s Figure firm age firm characteristics firm performance research firm’s further reference future research goals Hypothesis ideal types indicated industry International Journal of Management Kennesaw State University Klein moderated Moreover non-family firms One-way ANOVA organizational structure Overall Pairwise deletion percent performance of family perspective on family predictor proposed prospector strategic type questionnaire reactor regression regression analysis relationship between family relative performance versus sample sector Sharma significant Source specifically strategic fit perspective strategic management strategy and organizational subjective performance measures Table typology variables