Does family business excel in firm performance? An institution-based view

Research output: Journal Publications and Reviews (RGC: 21, 22, 62)21_Publication in refereed journalpeer-review

70 Scopus Citations
View graph of relations


Related Research Unit(s)


Original languageEnglish
Pages (from-to)965-987
Journal / PublicationAsia Pacific Journal of Management
Issue number4
Publication statusPublished - 2012


We offer an institution-based view to the classic inquiry on the relationship between family business and firm performance, which has been dominated by traditional theories such as agency theory and the resource-based view. Specifically, we argue that institutions define family business characteristics such as ownership concentration and family management, and also affect the performance of family business. Our research contributes to a reconciliation of prior inconsistent findings and calls further attention to the embedded nature of family business in institutions. © 2010 Springer Science+Business Media, LLC.

Research Area(s)

  • Family business, Governance characteristics, Institution-based view, Institutions