Social Indicators Research

, Volume 51, Issue 2, pp 125–170 | Cite as

Ceo Satisfaction and Firm Performance in Family Firms: Divergence between Theory and Practice

  • Catherine M. Daily
  • Janet P. Near


This study employs structural equationmodeling (LISREL 8.0) to investigate a model of therelationship between chief executive officer (CEO) joband life satisfaction, as well as the relationshipbetween CEO job and life satisfaction and firmperformance. Consistent with recent research, ourmodel also includes several potential mediators of thejob/life satisfaction relationship – overall stress,work conflict, nonwork conflict, and nonworksatisfaction. We rely on questionnaire data from 221owner/managers of family owned and controlledautomobile dealerships. Results indicate that CEO joband life satisfaction are more strongly correlatedthan among average American workers, as predicted, butthat there is no moderator effect on firm performance.Nor does life satisfaction mediate the relationshipbetween job satisfaction and firm performance.Contrary to theory, there are no significantrelationships with firm performance. Theorganizational implications of CEO satisfaction forfirm performance are considered.


Life Satisfaction Moderator Effect Firm Performance Family Firm Satisfaction Relationship 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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Copyright information

© Kluwer Academic Publishers 2000

Authors and Affiliations

  • Catherine M. Daily
    • 1
  • Janet P. Near
    • 2
  1. 1.Kelley School of BusinessIndiana UniversityBloomingtonUSA
  2. 2.Kelley School of BusinessIndiana UniversityBloomingtonUSA

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