Piccole imprese alla ricerca del valore: evidenze empiriche sulle family business italiane e spagnole

The aim of the article is to investigate the degree of professionalization of small and medium family businesses, through the analysis of their economic valuation process. The empirical survey has been led over a sample of 500 firms, with data collected in Italy and in Spain, through a structured questionnaire. Findings show that firm size is the main driver for the valuation process, especially if we consider the interest of family firm owners in knowing the economic value of the firm. The article has implications for theory and for practice. It contributes to the academic debate with a better understanding of the decision making process of family firms, as well as it underlines the relevance of the valuation process, fostering its adoption in small and medium organizations.