Performance and Behavior of Family Firms / edited by Esra Memili.

Format:

Book

Contributor:

Memili, Esra, editor.

Language:

English

Subjects (All):

Family-owned business enterprises.

Physical Description:

1 online resource (v, 172 pages) : illustrations

Place of Publication:

Basel : MDPI, 2018.

Summary:

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'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 "essence" of a family firm is thought to be a function of a family's influence on the culture, functioning, and behavior of the firm owing to the pursuit of a family'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.

Contents:

Esra Memili

Esra Memili and Kaustav Misra

Juan Manuel San Martin-Reyna and Jorge A. Duran-Encalada

Britta Boyd, Isabel C. Botero and Tomasz A. Fediuk

Jacek Lipiec

Gerard Hirigoyen and Thierry Poulain-Rehm

Magdy Noguera and Erick Paulo Cesar Chang

Jin-Hui Luo and Heng Liu

Henrik Harms.

Notes:

Includes bibliographical references.

CC BY-NC-ND

Description based on publisher supplied metadata and other sources.

ISBN:

9783038427827

3038427829

OCLC:

1154156160

Publisher Number:

10.3390/books978-3-03842-782-7