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Family Firm Types Based on the Level of Professionalism of the Top Management Team

In: The Palgrave Handbook of Heterogeneity among Family Firms

Author

Listed:
  • Giorgia M. D’Allura

    (University of Catania)

  • Mariasole Bannò

    (University of Brescia)

Abstract

This chapter responds to the calls for identifying different categories of family firms. The authors contribute to the literature by extending family firm typologies. To reach this goal, they introduce the construct of the professionalism of the top management team (TMT). In order to expose the multidimensional nature of the TMT, they first review the literature on TMTs based on Hambrick’s and Mason’s (Acad Manag Rev 9, 2:193–206, 1984) demographic variables. Thus, they conduct a cluster analysis on an original dataset of 500 Italian family firms to identify the different “types” of family firms based on a multidimensional conceptualization of TMT professionalization.

Suggested Citation

  • Giorgia M. D’Allura & Mariasole Bannò, 2019. "Family Firm Types Based on the Level of Professionalism of the Top Management Team," Springer Books, in: Esra Memili & Clay Dibrell (ed.), The Palgrave Handbook of Heterogeneity among Family Firms, chapter 27, pages 747-769, Springer.
    • Handle: RePEc:spr:sprchp:978-3-319-77676-7_27
    DOI: 10.1007/978-3-319-77676-7_27
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