Abstract
The goal of this thesis is to analyze the performance and long-term orientation of family firms. Yet, before I can proceed with the empirical analysis of this topic in Chapters 5 to 8, some basic knowledge about family firms is required. This chapter summarizes what is known about family firms, focusing on research regarding the definition of a family firm (Section 2.1), the concept of family influence (Section 2.2) and theories that are used to explain the behavior and performance of family firms (Section 2.3).
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