Purpose

The purpose of this research is to examine the interplay between family commitment as a family-centric resource and professionalization of the organization as a firm-centric resource to determine how the two phenomenon come together to enhance business performance in the context of privately held family firms.

Design/methodology/approach

Deploying the theoretical lens offered by the resource-based view, a conceptual link is developed between family commitment to the firm and firm performance with the potential moderating influence of firm professionalization. The hypotheses are tested using data collected from 357 privately held medium-to-large family-owned manufacturing companies in Bangladesh. The data are analyzed through structural equation modeling using SmartPLS (v.3.2).

Findings

The data analysis suggests that in absence of the moderator; professionalization, family commitment has a positive and significant association with firm performance. While in the presence of the moderator the above relationship is substantially stronger. The findings indicate that when family-specific resources and firm-specific resources are synchronized, it enhances performance of the family firm and puts it on a strong economic footing toward a more sustainable future.

Research limitations/implications

Cross-sectional nature of the study exposes it to the specter of common method bias despite the fact that procedural remedies were initiated to minimize the impact of such occurrence. Furthermore, data were collected from a single individual in each organization. Therefore, a longitudinal study with data obtained from multiple individuals at different levels of the organization would possibly yield more robust findings.

Practical implications

Leaders of family firms may find pertinent clues from the outcome of this study. Particularly, the confluence of family commitment to the firm as a family-specific resource and professionalization as a firm-specific resource can be valuable, rare, difficult to imitate and substitute source of competitive advantage for the family business organization.

Social implications

Survival of family businesses is vital to the global economy as one of the primary drivers of global gross domestic product growth and source of new employment. Policymakers can benefit from the findings of this study to customize policies to nurture growth of family enterprises and incentivize family firms to adopt professionalization through better governance and transparent managerial procedures.

Originality/value

A nuanced understanding of how family commitment and firm professionalization combine to significantly improve performance of family firms has not been dominant in the literature. Therefore, findings of this study carry special theoretical implications, because it suggests that both family-specific features and firm-specific features are necessary for enhanced levels of firm-centric business outcomes such as economic performance.

中文翻译：

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私人家族企业的家族承诺与绩效：专业化的调节作用

目的

本研究的目的是检验作为以家族为中心的资源的家族承诺与作为以公司为中心的资源的组织专业化之间的相互作用，以确定这两种现象如何共同提高私营家族企业背景下的企业绩效。 .

设计/方法/方法

运用基于资源的观点提供的理论视角，在家族对公司的承诺和公司绩效与公司专业化的潜在调节影响之间建立了概念联系。这些假设使用从孟加拉国 357 家私营大中型家族制造公司收集的数据进行检验。使用 SmartPLS (v.3.2) 通过结构方程建模分析数据。

发现

数据分析表明，在没有主持人的情况下；职业化、家庭承诺与公司绩效呈显着正相关。而在主持人在场的情况下，上述关系要强得多。研究结果表明，当特定于家族的资源和特定于公司的资源同步时，它会提高家族企业的绩效，并为更可持续的未来奠定坚实的经济基础。

研究限制/影响

尽管已启动程序补救措施以尽量减少此类事件的影响，但该研究的横截面性质使其暴露于共同方法偏差的幽灵中。此外，数据是从每个组织中的一个人那里收集的。因此，对从组织不同级别的多个人获得的数据进行纵向研究可能会产生更可靠的结果。

实际影响

家族企业的领导者可能会从这项研究的结果中找到相关的线索。特别是，家族对企业的承诺作为家族特定资源和专业化作为企业特定资源的融合，对于家族企业组织来说是宝贵的、罕见的、难以模仿和替代的竞争优势来源。

社会影响

作为全球国内生产总值增长和新就业来源的主要驱动力之一，家族企业的生存对全球经济至关重要。政策制定者可以从这项研究的结果中受益，制定政策以促进家族企业的发展，并通过更好的治理和透明的管理程序激励家族企业采用专业化。

原创性/价值

对家族承诺和企业专业化如何结合以显着提高家族企业绩效的细致理解在文献中并不占主导地位。因此，本研究的结果具有特殊的理论意义，因为它表明家族特定特征和公司特定特征对于提高以公司为中心的业务成果（如经济绩效）水平都是必要的。