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Family Firm Culture and Performance: Specific Empirical Evidence

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  • William David Brice

    (University of Hawaii)

Abstract

The purpose of this study is to connect culture and performance in family firms. Survey data measuring cultural attributes and performance were collected from 149 family-firm members in Ukraine and the U.S. Two countries of very different culture and stage of national development are included to insure the cross-cultural validity of findings. Correlation results showed significant support for the proposition that specific cultural attributes positively affect firm performance. Six out of seven cultural attributes can be shown to correlate with one or more performance measures. This research is original in finding an empirical relationship between specific cultural attributes and firm performance.

Suggested Citation

  • William David Brice, 2013. "Family Firm Culture and Performance: Specific Empirical Evidence," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 3(1), pages 5-17, January.
    • Handle: RePEc:hur:ijaraf:v:3:y:2013:i:1:p:5-17
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    References listed on IDEAS

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    Cited by:

    1. Herrera Madueño, Jesús & Larrán Jorge, Manuel & Lechuga Sancho, María Paula & Martínez-Martínez, Domingo, 2016. "Responsabilidad social en las pymes: análisis exploratorio de factores explicativos," Revista de Contabilidad - Spanish Accounting Review, Elsevier, vol. 19(1), pages 31-44.
    2. Brice William D. & Chu Edward & Brice Anastasiya, 2017. "Culture-Based Rejection of Taboo-Infringing Imports," International Journal of Management and Economics, Warsaw School of Economics, Collegium of World Economy, vol. 53(3), pages 67-81, September.

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