The persistence of family firms: How does performance threshold affect family firm exit?

被引：0
|
作者：
Noni Symeonidou
Dawn R. DeTienne
Francesco Chirico
机构：
[1] University of Warwick,Warwick Business School
[2] Colorado State University,College of Business
[3] Macquarie Business School - Macquarie University,Department of Management
[4] Jönköping International Business School – Jönköping University,Center for Family Entrepreneurship and Ownership – CeFEO
来源：
Small Business Economics | 2022年 / 59卷
关键词：
Family firm; Firm exit; Firm Persistence; Performance threshold; L26; M13;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
Research on family firms provides mixed evidence of the effect of family ownership on firm performance and exit outcomes. Drawing on threshold theory and the socioemotional wealth perspective, we argue that family firms have lower performance thresholds than non-family firms, reducing the likelihood of firm exit. Using a longitudinal dataset of 1191 firms over the period 2008–2011, we find support for this contention, suggesting that performance threshold is an important, yet poorly studied, construct for understanding exits of family versus non-family firms.
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页码：477 / 489
页数：12
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