The impact of small- and medium-sized family firms on economic growth
De Massis A
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Drawing on family business studies and the knowledge-based view of economic growth, we develop and test a model of how the prevalence of small- and medium-size enterprises (SMEs) under family control affects economic growth. Specifically, we propose there is an inverted U-shaped relationship between family SMEs’ proportional representation and economic growth owing to their relative strengths and limitations vis-à-vis non-family SMEs. Using state-level data from the US between 2004 and 2010, we find support for our hypothesis and the underlying contention that economic growth is maximized when an economy includes a balanced mix of family and non-family SMEs. © 2015, Springer Science+Business Media New York.
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De Massis A; Kotlar J; Campopiano G; Cassia L (2013)In this study we investigate how the dispersion of family ownership among family members affects the performance of small-to-medium-size family firms. Based on agency theory and prior research on family firms, we develop ...
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Sciascia S; Nordqvist M; Mazzola P; De Massis A (2015)Research was largely consistent in predicting a negative relationship between family ownership and research and development (R&D) intensity until Chrisman and Patel, using a behavioral agency model (BAM), called this general ...