TY - JOUR 
A1 - Ruiz Palomo, Daniel
AU - Diéguez Soto, Julio
AU - Duréndez Gómez Guillamón, Antonio Luis
AU - Santos, José Antonio C.
T1 - Family Management and Firm Performance in Family SMEs: The Mediating Roles of Management Control Systems and Technological Innovation
Y1 - 2019
SN - 2071-1050
UR - http://hdl.handle.net/10317/9468
AB - 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 the controversy regarding the relationship between family management and firm performance introducing MCS and TI as mediating factors.
KW - Ecologíal
KW - Tecnologías del Medio Ambiente
KW - Family business
KW - Performance
KW - Management control systems
KW - Innovation
KW - SMEs
KW - Partial least squares
KW - 2417.13 Ecología Vegetal
KW - 3308 Ingeniería y Tecnología del Medio Ambiente
LA - eng
PB - MDPI
ER -