Founding family leadership and industry profitability

Trond Randøy; Clay Dibrell; Justin B. Craig

doi:10.1007/s11187-008-9099-9

Founding family leadership and industry profitability

Trond Randøy^*, Clay Dibrell, Justin B. Craig

^*Corresponding author for this work

Entrepreneurship (ENTR)

Research output: Contribution to journal › Article › peer-review

29 Scopus citations

Abstract

In this article, we argue that firms in high-margin industries can benefit from founding family influence. Specifically, in more profitable markets, the influence of the founding family provides an additional corporate governance-monitoring function. The sample consists of 294 firm-year observations from 98 publicly traded companies headquartered in Sweden, representing approximately half of all non-financial traded firms. Our support that the effect of family leadership in publicly held firms should be assessed in relation to the intensity of industry competition.

Original language	English (US)
Pages (from-to)	397-407
Number of pages	11
Journal	Small Business Economics
Volume	32
Issue number	4
DOIs	https://doi.org/10.1007/s11187-008-9099-9
State	Published - Apr 2009

Keywords

Corporate governance
Founding family firms
Industry competition
Industry profit margins
Sweden

ASJC Scopus subject areas

General Business, Management and Accounting
Economics and Econometrics

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10.1007/s11187-008-9099-9

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KW - Industry profit margins

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Founding family leadership and industry profitability

Abstract

Keywords

ASJC Scopus subject areas

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