Abstract

Numerous studies on family businesses have drawn on the theory of resources and capabilities and have employed the concept of familiness as an indicator of family influence on businesses. A literature review shows that to measure the performance of this type of organization, it is necessary to use indicators that reflect both business variables and socio-economic factors related to family involvement in a company and its duality family and business. This paper presents a performance measurement scale for family firms that accounts for all of these considerations. It then examines its utility using a sample of 501 Spanish family businesses.

Key words: Family businesses, performance measure, resource-based vision.