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The persistence of family firms : how does performance threshold affect family firm exit?
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Symeonidou, Noni, DeTienne, Dawn and Chirico, Francesco (2022) The persistence of family firms : how does performance threshold affect family firm exit? Small Business Economics, 59 . 477-489 . doi:10.1007/s11187-021-00482-9 ISSN 0921-898X.
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Official URL: https://doi.org/10.1007/s11187-021-00482-9
Abstract
Research on family firms provides mixed evidence of the effect of family ownership on firm performance and exit outcomes. Drawing on threshold theory and the socioemotional wealth perspective, we argue that family firms have lower performance thresholds than non-family firms, reducing the likelihood of firm exit. Using a longitudinal dataset of 1191 firms over the period 2008–2011, we find support for this contention, suggesting that performance threshold is an important, yet poorly studied, construct for understanding exits of family versus non-family firms.
| Item Type: | Journal Article | ||||||||||||
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| Subjects: | H Social Sciences > HD Industries. Land use. Labor | ||||||||||||
| Divisions: | Faculty of Social Sciences > Warwick Business School > Entrepreneurship, Innovation & Management Faculty of Social Sciences > Warwick Business School |
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| Library of Congress Subject Headings (LCSH): | Family-owned business enterprises, Family-owned business enterprises -- Management, Business enterprises, Strategic planning, Sale of business enterprises | ||||||||||||
| Journal or Publication Title: | Small Business Economics | ||||||||||||
| Publisher: | Springer New York LLC | ||||||||||||
| ISSN: | 0921-898X | ||||||||||||
| Official Date: | August 2022 | ||||||||||||
| Dates: |
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| Volume: | 59 | ||||||||||||
| Page Range: | 477-489 | ||||||||||||
| DOI: | 10.1007/s11187-021-00482-9 | ||||||||||||
| Status: | Peer Reviewed | ||||||||||||
| Publication Status: | Published | ||||||||||||
| Access rights to Published version: | Open Access (Creative Commons) | ||||||||||||
| Date of first compliant deposit: | 8 March 2021 | ||||||||||||
| Date of first compliant Open Access: | 17 May 2021 | ||||||||||||
| RIOXX Funder/Project Grant: |
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