How do family businesses grow? Differences in growth patterns between family and non-family firms

Family businesses vary considerably in size, ranging from small entrepreneurial ventures over medium-sized companies to large global corporations. However, we know little about how family businesses grow. Our research analyses differences in growth patterns between family and non-family businesses,...

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Detalles Bibliográficos
Autores: Moreno Menéndez, Ana María, Casillas Bueno, José Carlos
Tipo de recurso: artículo
Estado:Versión aceptada para publicación
Fecha de publicación:2021
País:España
Institución:Universidad de Sevilla (US)
Repositorio:idUS. Depósito de Investigación de la Universidad de Sevilla
OAI Identifier:oai:idus.us.es:11441/180228
Acceso en línea:https://hdl.handle.net/11441/180228
https://doi.org/10.1016/j.jfbs.2021.100420
Access Level:acceso abierto
Palabra clave:Firm growth
Family business
Socioemotional wealth
Resource-based view
Spain
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spelling How do family businesses grow? Differences in growth patterns between family and non-family firmsMoreno Menéndez, Ana MaríaCasillas Bueno, José CarlosFirm growthFamily businessSocioemotional wealthResource-based viewSpainFamily businesses vary considerably in size, ranging from small entrepreneurial ventures over medium-sized companies to large global corporations. However, we know little about how family businesses grow. Our research analyses differences in growth patterns between family and non-family businesses, considering two dimensions of business growth: sales (performance) and employees (resources). Based on the Penrosean resource- based view of the firm and socioemotional wealth (SEW) perspective, we test and find —using a panel of 2000 Spanish manufacturing companies (2006–2014) —that family businesses tend to grow less than non-family businesses in terms of sales but more in terms of employees. Our research casts doubt on the myth of low growth in family businesses and shows that SEW should complement the Penrosean approach to explain the growth of family businesses.ElsevierAdministración de Empresas y MarketingMinisterio de Economía y Competitividad (MINECO). España2021info:eu-repo/semantics/articleinfo:eu-repo/semantics/acceptedVersionapplication/pdfapplication/pdfhttps://hdl.handle.net/11441/180228https://doi.org/10.1016/j.jfbs.2021.100420reponame:idUS. Depósito de Investigación de la Universidad de Sevillainstname:Universidad de Sevilla (US)InglésJournal of Family Business Strategy, 12 (3), 100420.ECO2017-84364-Rhttps://doi.org/10.1016/j.jfbs.2021.100420info:eu-repo/semantics/openAccessoai:idus.us.es:11441/1802282026-06-17T12:51:07Z
dc.title.none.fl_str_mv How do family businesses grow? Differences in growth patterns between family and non-family firms
title How do family businesses grow? Differences in growth patterns between family and non-family firms
spellingShingle How do family businesses grow? Differences in growth patterns between family and non-family firms
Moreno Menéndez, Ana María
Firm growth
Family business
Socioemotional wealth
Resource-based view
Spain
title_short How do family businesses grow? Differences in growth patterns between family and non-family firms
title_full How do family businesses grow? Differences in growth patterns between family and non-family firms
title_fullStr How do family businesses grow? Differences in growth patterns between family and non-family firms
title_full_unstemmed How do family businesses grow? Differences in growth patterns between family and non-family firms
title_sort How do family businesses grow? Differences in growth patterns between family and non-family firms
dc.creator.none.fl_str_mv Moreno Menéndez, Ana María
Casillas Bueno, José Carlos
author Moreno Menéndez, Ana María
author_facet Moreno Menéndez, Ana María
Casillas Bueno, José Carlos
author_role author
author2 Casillas Bueno, José Carlos
author2_role author
dc.contributor.none.fl_str_mv Administración de Empresas y Marketing
Ministerio de Economía y Competitividad (MINECO). España
dc.subject.none.fl_str_mv Firm growth
Family business
Socioemotional wealth
Resource-based view
Spain
topic Firm growth
Family business
Socioemotional wealth
Resource-based view
Spain
description Family businesses vary considerably in size, ranging from small entrepreneurial ventures over medium-sized companies to large global corporations. However, we know little about how family businesses grow. Our research analyses differences in growth patterns between family and non-family businesses, considering two dimensions of business growth: sales (performance) and employees (resources). Based on the Penrosean resource- based view of the firm and socioemotional wealth (SEW) perspective, we test and find —using a panel of 2000 Spanish manufacturing companies (2006–2014) —that family businesses tend to grow less than non-family businesses in terms of sales but more in terms of employees. Our research casts doubt on the myth of low growth in family businesses and shows that SEW should complement the Penrosean approach to explain the growth of family businesses.
publishDate 2021
dc.date.none.fl_str_mv 2021
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/acceptedVersion
format article
status_str acceptedVersion
dc.identifier.none.fl_str_mv https://hdl.handle.net/11441/180228
https://doi.org/10.1016/j.jfbs.2021.100420
url https://hdl.handle.net/11441/180228
https://doi.org/10.1016/j.jfbs.2021.100420
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv Journal of Family Business Strategy, 12 (3), 100420.
ECO2017-84364-R
https://doi.org/10.1016/j.jfbs.2021.100420
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
application/pdf
dc.publisher.none.fl_str_mv Elsevier
publisher.none.fl_str_mv Elsevier
dc.source.none.fl_str_mv reponame:idUS. Depósito de Investigación de la Universidad de Sevilla
instname:Universidad de Sevilla (US)
instname_str Universidad de Sevilla (US)
reponame_str idUS. Depósito de Investigación de la Universidad de Sevilla
collection idUS. Depósito de Investigación de la Universidad de Sevilla
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15.812429

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