All in the Family? An Exploratory Study of Family Member Advisors and Firm Performance
研究了家族成员担任顾问对家族企业绩效的影响，发现两者呈倒U型关系，且受控制代际调节，对128家瑞典家族企业的实证分析支持了假设。
This exploratory study investigates the relationship between family members serving in an advising capacity and family firm performance. Integrating the stewardship and agency perspectives, we predict an inverted U-shaped relationship between the number of family advisors and family firm performance. We argue that the generation in control moderates this relationship such that family member advisors have a positive relationship with performance in first-generation family firms and an inverted U-shaped relationship with performance in later-generation family firms. Our empirical analysis on a sample of 128 Swedish family firms confirms our hypotheses. In the concluding section, we discuss results, contributions and future research directions.