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Satisfaction with Firm Performance in Family Businesses

Author

Listed:
  • Raj V. Mahto
  • Peter S. Davis
  • John A. Pearce II
  • Richard B. Robinson Jr.

Abstract

Business goals in family businesses are often subsumed by family goals. As a result, reference performance for each family business is different. This makes the popular financial performance measure of publicly traded companies, profit maximization, insufficient for family businesses. We believe that for evaluating family businesses, the family members‘ satisfaction with firm performance is a better measure of performance. In the study, we identify three predictors of family members‘ satisfaction with firm performance and test the proposed linkages on two samples of family businesses.

Suggested Citation

  • Raj V. Mahto & Peter S. Davis & John A. Pearce II & Richard B. Robinson Jr., 2010. "Satisfaction with Firm Performance in Family Businesses," Entrepreneurship Theory and Practice, , vol. 34(5), pages 985-1002, September.
    • Handle: RePEc:sae:entthe:v:34:y:2010:i:5:p:985-1002
    DOI: 10.1111/j.1540-6520.2010.00393.x
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    References listed on IDEAS

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    4. James J. Chrisman & Jess H. Chua & Pramodita Sharma, 2005. "Trends and Directions in the Development of a Strategic Management Theory of the Family Firm," Entrepreneurship Theory and Practice, , vol. 29(5), pages 555-575, September.
    5. Sharma, Pramodita & Chrisman, James J. & Chua, Jess H., 2003. "Predictors of satisfaction with the succession process in family firms," Journal of Business Venturing, Elsevier, vol. 18(5), pages 667-687, September.
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