IFERA (International Family Enterprise Research Academy)
Long Term Perspectives on Family Business: Theory, Practice, Policy pages:1-1
IFERA edition:10 location:Lancaster date:6-9 July 2010
This study aims to contribute to the disentanglement of mixed results on the relationship between family involvement in the business and financial business performance. Therefore, we will work with gradations of family businesses with on the lowest end of family intensity non-family businesses, followed by controlling owners, family businesses in components terms and at the highest end family businesses in essence terms. A large-scale survey among 396 Belgian businesses from 3 to 49 employees reveals that the negative effect of family character of the business on the traditional accounting based measures such as return on assets and return on equity works differently for controlling owners, components and essence family businesses compared to non-family businesses.