Family involvement and financial performance of moroccan listed firms: The moderating role of the Covid- 19 crisis

Adverse effect; Business managers; Direct impact; Family business; Family firms; Financial performance; Firm dynamics; Panel data analysis; Policy makers; Economics, Econometrics and Finance (all); Business, Management and Accounting (all); Social Sciences (all)

Abstract :

[en] The purpose of this book chapter is to examine the impact of family involvement on the financial performance of Moroccan listed firms, with a particular focus on the moderating role of the COVID- 19 crisis. Using panel data analysis, the findings reveal that family ownership negatively affects financial performance. However, family management and family board representation do not exhibit a significant direct impact. The study also documents that the COVID- 19 crisis had a detrimental effect on firms' financial outcomes. Nevertheless, there is no evidence to suggest that the crisis moderated the negative influence of family involvement. Interestingly, family management and family board representation appear to mitigate the adverse effects of the crisis on financial performance. This study contributes to the literature by offering new insights into family firm dynamics during crisis circumstances and provides practical implications for policymakers, consultants, and family business managers.

Disciplines :

General management, entrepreneurship & organizational theory

Author, co-author :

Boumlik, Zouhair; University of Mons, Belgium ; Hassan First University of Settat, Morocco

Colot, Olivier ; Université de Mons - UMONS > Faculté Warocqué d'Economie et de Gestion > Service de Comptabilité,Audit, Risk management et Entrepreneuriat

Oulhadj, Badia; Hassan First University of Settat, Morocco

Language :

English

Title :

Family involvement and financial performance of moroccan listed firms: The moderating role of the Covid- 19 crisis

Publication date :

09 July 2025

Main work title :

Risk Management and Corporate Governance in Unpredictable Business Environments

Publisher :

IGI Global

ISBN/EAN :

9798337306155
9798337306131

Pages :

215-252

Peer reviewed :

Peer reviewed

Additional URL :

https://www.igi-global.com/viewtitle.aspx?TitleId=385336

Research unit :

W711 - Comptabilité, Audit, Risk management et Entrepreneuriat

Research institute :

Soci&Ter

Available on ORBi UMONS :

since 08 January 2026

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