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|Title: ||The effect of family business professionalization as a multidimensional construct on firm performance|
|Authors: ||Dekker, Julie|
|Issue Date: ||2012|
|Citation: ||12th Annual IFERA World Family Business Research Conference, Bordeaux, Frankrijk, 26-29 June 2012|
|Abstract: ||In family business literature, business professionalization is often simplified into a binary characteristic, that s 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.|
|Type: ||Conference Material|
|Appears in Collections: ||Research publications|
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