A study called, “Family business performance: The effects of gender and management” is in the October 2007 issue of the Journal of Family Business and included OSU Associate Professor Kathryn Stafford. You can read the Newsire release here and the Journal’s abstract here.
Snippit:
This project used data from the National Family Business Survey, which studied family businesses in 1997 and the same businesses again in 2000. A total of 301 family businesses were included in this study. The survey asked a variety of questions designed to identify the primary business owner. If the interviewer was told that both spouses owned the business equally, it was determined which spouse was most involved in day-to-day business management.
The results of this study, like many others, show that family businesses owned or managed by women earn less revenue than those owned by men. But part of the reason may be that women have goals other than maximizing profit, Stafford said.
I’m not quite sure how that squares with the lede:
Family-owned businesses run by women thrive when family members donate their time to help the company.
But when men run the family business, donated family time is linked to lower revenue.
I’m hoping all the good business brains of BFD will help explain it, but here’s something from the abstract:
Personnel management has a much larger effect (nine times greater) on gross revenue for female than male owners. Gender moderates responses to disruptions (sleeping less, hiring temporary help during busy times, family members donating time to business, and using family income for the business), and those effects are so large that the effects of responses to disruptions on gross revenue are the opposite for females and males. The gender main effect remains significant after responses to disruptions are controlled and after interactions with innovations, management practices and responses to disruptions are included in the analyses.
Hattip Capital Blog.