Family Management and Firm Performance in Family SMEs: The Mediating Roles of Management Control Systems and Technological Innovation
MetadataShow full item record
AuthorRuiz Palomo, Daniel; Diéguez Soto, Julio; Duréndez Gómez Guillamón, Antonio Luis; Santos, José Antonio C.
Knowledge AreaEcologíal; Tecnologías del Medio Ambiente
SponsorsThis research was funded by Fundacion Espanola para la Ciencia y la Tecnologia, grant number: UID/SOC/04020/2013. The APC was funded by Universidad de Malaga and Universidad de Cartagena. Authors may acknowledge prof. Domingo García-Pérez-de-Lema and the two anonymous reviewers for their comments and improvements.
Realizado en/conUniversidad Politécnica de Cartagena; Universidad de Málaga; Universidad de Algarve
Bibliographic CitationRuiz-Palomo D, Diéguez-Soto J, Duréndez A, Santos JAC. Family Management and Firm Performance in Family SMEs: The Mediating Roles of Management Control Systems and Technological Innovation. Sustainability. 2019; 11(14):3805. https://doi.org/10.3390/su11143805
Management control systems
Partial least squares
The aim of this research is to analyze the mediating role of the use of management control systems (MCS) and the achievement of technological innovation (TI) in the relationship between family management and firm performance in family small and medium-sized enterprises (SMEs). A questionnaire was conducted by 617 managers of family SMEs in Spain, and our model was tested using partial least squares. Our findings show that both MCS and TI play crucial mediating roles in the understanding of the relationship between family management and firm performance. As a result, family-managed firms that utilize MCS and produce TI are much more likely to generate better performance. These results encourage family managers to use formal MCS because in that way they will contribute to obtaining better firm performance, directly and indirectly through TI. We focus on private family SMEs, because these specific firms contribute significantly to the economies worldwide. This paper contributes to resolve ...
- Artículos 
The following license files are associated with this item: