We propose that family firm involvement and performance across industries is not random and is related to specific industry conditions. Using the population of listed companies on the Taiwan Stock Exchange over the period 1997-2007 we find that family firms are more involved in industries with...

Prior research on family involvement in family firms has generally focused on the involvement of family members. In this study we use unique hand-collected data from Taiwanese family firms to highlight the role played by family representatives, non-family members employed by the controlling...