Arbeitspapier
Family firm performance over the business cycle: A meta-analysis
The financial performance of family firms has been widely studied in the literature. Combining the results of 172 primary studies from 38 countries with data about business cycles, we investigated how family firm performance changes over the business cycle. Using meta-analytic estimation methods, we found that family firms slightly outperform nonfamily firms in both economically good and economically difficult times. For non-OECD countries, we found evidence for a countercyclical effect where the relative outperformance of family firms is higher in economically difficult times. No such cyclical effect was found for family firms in OECD countries. Our study extends the literature on how family firm performance depends on macroeconomic factors.
- Sprache
-
Englisch
- Erschienen in
-
Series: Research Papers in Economics ; No. 6/18
- Klassifikation
-
Wirtschaft
- Thema
-
family firms
financial performance
meta-analysis
business cycle
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Hansen, Christopher
Block, Jörn Hendrich
Neuenkirch, Matthias
- Ereignis
-
Veröffentlichung
- (wer)
-
Universität Trier, Fachbereich IV - Volkswirtschaftslehre
- (wo)
-
Trier
- (wann)
-
2018
- Handle
- Letzte Aktualisierung
- 10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Hansen, Christopher
- Block, Jörn Hendrich
- Neuenkirch, Matthias
- Universität Trier, Fachbereich IV - Volkswirtschaftslehre
Entstanden
- 2018
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