Family Firm Governance Results Linked to Context
MANAGEMENT |

Family Firm Governance Results Linked to Context

THIS IS WHAT EMERGES FROM A STUDY CONDUCTED BY AMORE, MINICHILLI, CORBETTA AND COAUTHORS IN 20 ITALIAN REGIONS

Cultural and institutional differences across geographic regions can have an important impact on the financial performance of family firms. This is one of the results highlighted by “Institutional logics, family firm governance and performance,” a paper co-authored by Mario Daniele Amore, Alessandro Minichilli, Guido Corbetta, Danny Miller, and Isabelle Le Breton-Miller. The authors tested the impact of cultural context on the relationship between family governance and financial performance in the 20 regions of Italy. They measured the strength of family and market logics at the regional level using data from the World Value Survey, a collection of individual-level surveys carried out around the world. It contains a large array of questions going from religion to political participation, to attitude towards merit and family ties.

“Family-intensive governance does best where market logic predominates,”  Minichilli says. “In regions where family logic is not counteracted by market logic, firm’s performance worsens – possibly owing to a lack of meritocracy inside the firm. In other words, family governance is not positive or negative in itself: it depends on the community context.” The analysis was also conducted using family and market logics to construct a value matrix. “This analysis shows that family governance performs the best where both logics are weak.”

Read more about this topic:
Nicolai Foss. Entrepreneurship Goes beyond Startups
Carlo Mammola and Luigi Mastromauro. Predicting Startup Success with Data
Good Business Plan not Enough for Success. Interview to Alisée de Tonnac
Creating an Identikit of Entrepreneurs from 1850 to Present
Grow Your Business but Minimize the Risks
The Key Role of Taxation Regimes for Startups
A Small Fee for Business Training Improves Course Attendance
Family Ownership Helps Cope with Political Uncertainty
Experimental DecisionMaking Approach Attracts Funding
Entrepreneurs Who Act Like Scientists Get Better Results
Avocado Toast Leads to Hot Brooklyn Startup. Interview to Alessandro Biggi
Turning “Spotify for Textbooks” into $4.8 mln. Interview to Perlego
Looking at Gender Bias in Funding Yields a Surprise Result
Social Networks Foster Entrepreneurship
Taking Texting to the Next Level with Kaleyra. Interview to Dario Calogero
Connecting the Dots on How WWI Unleashed new Business Performance
 

by Claudio Todesco

News

All News
  • Bocconi's School of Law Joins the American Society of Comparative Law

    The association, founded in 1951, publishes the prestigious American Journal of Comparative Law  

  • Saving the Oceans from the Land: The Role of Businesses

    Two thirds of Mediterranean businesses are unaware of their impact on marine sustainability or are inactive in mitigation. But there is hope, thanks to the 34% of companies defined as sustainability leaders, according to a Report for the One Ocean Foundation by researchers from SDA Bocconi, McKinsey, and CSIC  

Seminars

  September 2019  
Mon Tue Wed Thu Fri Sat Sun
            1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30            

Seminars      

All Seminars
  • Bank Transparency and Deposit Flows

    Itay Goldstein, Wharton University of Pennsylvania

    Meeting Room 2.e4.sr03 - Via Roentgen, 1

  • Bayesian Auctions with Efficient Queries
    Economic Theory, Decision Theory and Experimental Economics

    Jing Chen (Stony Brook University) Paper

    Seminar Room 3.e4.sr03 - Via Roentgen 1