Family business, servitization, and performance: Evidence from Portugal

Drawing on the servitization and family business literature, we ask whether governance improves or worsens performance through servitization. Given preference to preserve socio-emotional wealth, in firms presents a double-edged sword. That is say, wealth facilitates development of relationships with service-related stakeholders, but it may also prevent from diluting their greater collaboration outsiders. In sample 35,329 manufacturing (13,755 21,574 non-family 2010 2018) Portugal, find that have lower levels servitization, they achieve These findings are robust alternative measures carry important implications for literature.