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Title: The effect of family business professionalization as a multidimensional construct on firm performance
Authors: Dekker, Julie 
Lybaert, Nadine 
Steijvers, Tensie 
Depaire, Benoit 
Issue Date: 2012
Source: European Academy of Management (EURAM 2012), Rotterdam, Nederland, 6-8 June 2012
Abstract: In family business literature, business professionalization is often simplified into a binary characteristic, that is the presence of a nonfamily manager. We contend that other professionalization features, which may act simultaneously, can influence firm performance. This study adresses professionalization as a multidimensional construct, as intended by general management literature, and assesses the impact on business performance based on these underlying dimensions. Using a representative sample of 523 private Belgian family businesses, we identify five different dimensions of the professionalization construct by means of an exploratory factor analysis. Further regression results revealed significant positive effects of the professionalization dimensions on firm performance.
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Category: C2
Type: Conference Material
Appears in Collections:Research publications

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