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PERFORMANCE AND BEHAVIOR OF FAMILY FIRMS IBD

ESRA MEMILI
MDPI AG
03 / 2018
9783038427810
Inglés

Sinopsis

Family involvement characterizes a large number of firms around the world and is thought to significantly impact their strategies, behavior, and performance. Family involvement occurs when a family exerts control over the firm through ownership and management. When family involvement leads to intentions to pursue particularistic goals and strategies, controlling families are more likely to exert a significant influence on firm strategies, behavior, and performance. Indeed, intentions imply that a firm&rsquo,s strategic behaviors will be oriented toward preserving the economic and socioemotional value of the firm for the family in the long term. Hence, the &ldquo,essence&rdquo, of a family firm is thought to be a function of a family&rsquo,s influence on the culture, functioning, and behavior of the firm owing to the pursuit of a family&rsquo,s vision for the firm.As a result, family firm behavior is expected to be distinct from those in non-family firms. Despite the inherent differences between family and non-family firms and heterogeneity among family firms, family involvement is under-researched in organizational studies, which limits the generalization of findings and leads to theoretical ambiguity. Financial strategic decisions and activities may be key to understanding differences between family and non-family firms.Therefore, we invited researchers to shed light on how a family uses its influence to affect financial strategies, behavior, and firm performance.á

PVP
51,76€