Are Performance Differences between Family and Non-Family Smes Uniform Across All Firm Sizes?
Are Performance Differences between Family and Non-Family Smes Uniform Across All Firm Sizes?
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所有规模的企业中家族企业和非家族中小企业的绩效差异是否一致?
DOI:
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发表时间:
2005
期刊:
影响因子:
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通讯作者:
B. Kotey
中科院分区:
文献类型:
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作者:
B. Kotey
Purpose – The purpose of this study is to examine the impact of firm size on performance (measured as profits, growth, efficiency and liquidity) differences between family and non‐family small‐ to medium‐sized enterprises (SMEs).Design/methodology/approach – The samples of 441 family and 473 non‐family firms were divided into four size groups and performance differences analysed for each size group using MANOVA.Findings – The findings indicate that family SMEs perform at least as well as non‐family SMEs. Although the two types of firms shared several similar performance characteristics at the small level, certain differences were evident. Performance differences between family and non‐family SMEs became prominent at the critical growth phase (20‐49 employees), reached an optimum at 50‐99 employees and narrowed again thereafter. For family firms, the benefits of higher gross margins and efficient use of assets began to wane after 100 plus employees but the disadvantages of lower employee performance contin...