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Cited by 459

The DOI matches its Crossref record.

A Neglected Factor Explaining Family Business Success: Human Resource Practices

Astrachan, Joseph H., Kolenko, Thomas A.·1994·Family Business Review
DOI 10.1111/j.1741-6248.1994.00251.x
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Abstract

Over 600 family firms were involved in this examination of the impact of human resource management (HRM) and professional governance practices on family business success and survival. Our findings identified some of the most prevalent family firm HRM practices and found significant positive correlations among HRM practices, gross firm revenues, and CEO personal income levels. The results support prior arguments for competitive advantage in the marketplace gained through effective use of HRM practices. An interesting additional finding was that while boards of directors, strategic planning, and frequent family meetings were correlated with business longevity over multiple generations, succession planning was not. Such practices are important. for current competitive advantage and may also be crucial to the longevity of the business.

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Metadata

Authors
Astrachan, J. H., & Kolenko, T. A.
Venue
Family Business Review
Publisher
SAGE Publications
Published
1994-09
Volume
7
Issue
3
Pages
251-262
ISSN
  • 0894-4865 (ISSN-L)
  • 1741-6248
DOI
10.1111/j.1741-6248.1994.00251.x
OpenAlex
W2123362321
Cited by
459
References
0
FWCI
2.68
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: A Neglected Factor Explaining Family Business Success: Human Resource Practices. https://app.cochat.ai/papers/10.1111/j.1741-6248.1994.00251.x
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Astrachan, J. H., & Kolenko, T. A. (1994). A Neglected Factor Explaining Family Business Success: Human Resource Practices. Family Business Review. https://doi.org/10.1111/j.1741-6248.1994.00251.x

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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.