...Gülçin Polat; Serap Benligiray Purpose This study aims to broaden the multidimensional conceptualization of family business professionalization, and to investigate how professionalization influences the financial performance of family firms, in the context of private family firms. Design...

... as a family-centric resource and professionalization of the organization as a firm-centric resource to determine how the two phenomenon come together to enhance business performance in the context of privately held family firms. Deploying the theoretical lens offered by the resource-based view...

... firms remain unanswered. The purpose of this paper is to examine whether a private family firm’s dividend payout is influenced by its degree of professionalization. Design/methodology/approach The hypotheses are tested on a sample of 492 small to medium-sized Belgian family-controlled businesses...

... and international companies for talented employees. Adopting more formal compensation practices might, therefore, be a sign of professionalization and thus make the firm more attractive to potential applicants. Additionally, SMEs with low level of formal HR (and thus also compensation) practices are not considered...