RT Journal Article
T1 Family dynamics, human resource practices and the performance of family firms
A1 Sánchez-Marín, Gregorio
A1 Carrasco‐Hernández, Antonio J.
A1 Vicente‐Sánchez, Eloísa
A1 Danvila del Valle, Ignacio
AB This study explores the impact of formalizing human resource (HR) practices on the performance of family firms. It also examines how family involvement in ownership and management, along with the presence of family employees, moderates this relationship. Using a socioemotional wealth (SEW) perspective and structural equation modelling, data from 490 medium‐sized Spanish family firms were analyzed. The findings indicate that although formalized HR practices generally enhance firm performance, the effectiveness can be undermined by high levels of family involvement, particularly in ownership, as it may prioritize family‐centric goals over professional HR management. This study highlights the complex interplay between HR strategies, family dynamics and performance outcomes, emphasizing the need for strategic HR management that balances familial and organizational objectives in family businesses.
PB Wiley
SN 0825-0383
YR 2026
FD 2026-03
LK https://hdl.handle.net/20.500.14352/134686
UL https://hdl.handle.net/20.500.14352/134686
LA eng
NO Sánchez-Marín, Gregorio, Antonio J.Carrasco-Hernández, EloisaVicente-Sánchez, and IgnacioDanvila-del-Valle. 2026. “Family Dynamics, Human Resource Practices and the Performance of Family Firms.”Canadian Journal of Administrative Sciences / Revue Canadienne des Sciences de l'Administration: e70021. https://doi.org/10.1002/cjas.70021.
NO Ministerio de Economía, Comercio y Empresa
DS Docta Complutense
RD 8 may 2026