Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
1002492 | Journal of World Business | 2012 | 9 Pages |
Abstract
This paper examines the moderating effect of family involvement in ownership and control on the relationship between diversification strategies – both product and international diversification – and corporate performance. We argue that this moderating effect is related to the distinctive characteristics of family firms compared to non-family firms. The empirical evidence is provided by a sample of firms from the European Union during the 2005–2009 time period. Our results found that family firms are more profitable than non-family firms when they engage in joint product and international diversification.
Related Topics
Social Sciences and Humanities
Business, Management and Accounting
Business and International Management
Authors
Fernando Muñoz-Bullón, Maria J. Sánchez-Bueno,