Family or Non-Family Ownership Type Impact, in the enterprise risk management: a contingency perspective

The growing research interest on family businesses motivated this study, which aimed to assess the family control impact in the relationship between contingency variables and Enterprise Risk Management (ERM), and its influence on organizational performance. ERMI was quantified based on the index proposed by Gordon et al (2009). The results show that, although the literature substantially relates the use of risk management, to non-family firms, family firms that have higher risk management index, also have an effect on performance. This may suggest that family ownership type positively influences ERM use, consequently influences in a higher market performance. The results of this study contribute to literature and organizational studies on ownership type impact in the relationship between ERM and contingency variables, by confirming the inferences that family firms that have higher ERMI, present better market performance.