Fabio Arena
Last Name
Arena
First name
Fabio
Email
fabio.arena@unisg.ch
Phone
+41 71 224 71 05
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Item type:Publication, Labor Productivity in Family Firms: An HR-Centered PerspectiveThe productivity of family firms remains a central yet unresolved issue in management research. While prior studies report both productivity advantages and disadvantages of family firms, we know relatively little about the human resource (HR) mechanisms that condition these outcomes. This study adopts an HR perspective to examine how employment-related contingencies shape labor productivity in family versus nonfamily firms. Using a unique matched panel dataset from a Belgian payroll provider linked to firm-level registry and administrative data, we analyze almost 35,000 firms over multiple years. Using between-effects panel regressions, we find productivity advantages for family firms only under specific HR conditions. Higher wages raise productivity for family and nonfamily firms, but they matter significantly less in family firms. Job security raises productivity equally across firm types, indicating a universal performance benefit rather than a family-firm-specific mechanism. In contrast, family firms benefit disproportionately from managerial professionalization, but exhibit greater productivity declines under employee turnover shocks and extended emoployee tenure. These findings highlight the importance of workforce configuration as a mechanism through which family firm status affects firm productivity.Type:conference paperJournal:Academy of Management ProceedingsVolume:2026Issue:1 - Some of the metrics are blocked by yourconsent settings
Item type:Publication, KMU und Familienunternehmen in Forschung, Lehre und Praxis(KMU-HSG – Schweizerisches Institut für KMU und Unternehmertum an der Universität St.Gallen, 2026-03-03); ; ; ; Type:monograph