The role of management practices in productivity: Does family ownership matter?

Feng, Yuchen, Henley, Andrew ORCID: https://orcid.org/0000-0003-4057-1679 and Kochanova, Anna ORCID: https://orcid.org/0000-0003-3531-7561 2025. The role of management practices in productivity: Does family ownership matter? [Working Paper]. vol. No. 05. The Productivity Institute. Available at: https://www.productivity.ac.uk/research/the-role-o...

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Abstract

This study investigates the impact of management practices on productivity, with a focus on the moderating role of family ownership. The findings reveal that family ownership weakens the positive relationship between management practices and productivity, particularly in SMEs and the services sector. This adverse moderating effect primarily occurs in family-managed firms; however, introducing professional management in large firms and the services sector can mitigate the negative impact. Meanwhile, baseline results indicate that a 10% improvement in management practice scores is associated with a 5.2% increase in labour productivity. The authors find no statistical evidence suggesting that the impact of management practices varies across firm sizes, underscoring their universal applicability. However, this effect is significantly lower in the manufacturing sector compared to the services sector.

Item Type:	Monograph (Working Paper)
Date Type:	Publication
Status:	Published
Schools:	Schools > Business (Including Economics)
Publisher:	The Productivity Institute
Date of First Compliant Deposit:	13 March 2025
Date of Acceptance:	11 March 2025
Last Modified:	13 Mar 2025 12:11
URI:	https://orca.cardiff.ac.uk/id/eprint/176851

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