The Effect of Family Business Professionalization as a Multidimensional Construct on Firm Performance
研究将家族企业专业化视为多维构念，基于523家比利时家族企业数据，识别出五个专业化维度，并发现它们对企业绩效有显著正向影响。
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.