Density effects and the survival of (non-)family firms (over generations)
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2024-07-09
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en
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Based on a combination of the density dependency model, embeddedness theory, socioemotional wealth (SEW) theory, and threshold theory, this study aims to combine environmental- and firm-level characteristics to compare the likelihood of firm exit between family firms and non-family firms in times of high density. In addition, following on from that comparison, this study checks whether generational succession within family firms causes the exit behavior of these firms to change. Using the Cox regression model to analyze the paper and pulp industry in the Zaanstreek between 1600 and 2000, this study reveals that the ability to cope with density effects does indeed differ between non-family firms and family firms, with family firms being less inclined to exit the industry during times of high population density. The further analysis between different generation family firms, yielded no significant results.
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Faculteit der Managementwetenschappen