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Please use this identifier to cite or link to this item: http://hdl.handle.net/1942/13788

Title: The effect of family business professionalization as a multidimensional construct on firm performance
Authors: Dekker, Julie
Lybaert, Nadine
Steijvers, Tensie
Depaire, Benoit
Issue Date: 2012
Citation: European Academy of Management (EURAM 2012), Rotterdam, Nederland, 6-8 June 2012
Abstract: In family business literature, business professionalization is often simplified into a binary characteristic, that is the presence of a nonfamily manager. We contend that other professionalization features, which may act simultaneously, can influence firm performance. This study adresses professionalization as a multidimensional construct, as intended by general management literature, and assesses the impact on business performance based on these underlying dimensions. Using a representative sample of 523 private Belgian family businesses, we identify five different dimensions of the professionalization construct by means of an exploratory factor analysis. Further regression results revealed significant positive effects of the professionalization dimensions on firm performance.
URI: http://hdl.handle.net/1942/13788
Category: C2
Type: Conference Material
Appears in Collections: Research publications

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