Search results for "Family Business"
showing 10 items of 104 documents
Legal-Economic Ownership and Generational Transfer in Family Business: Facets of Owner's Responsibility
2010
In the following paper a conceptual framework of the owner’s responsibility is created in order to study the transgenerational legal-economic ownership in the family business. Responsible ownership involves a sense of accountability and entrepreneurship to some extent. However, legal and social responsibilities naturally supplement each other in the family firm. Owners by means of personal relationships and financial guarantees are responsible for carrying out daily business operations and maintaining a balance with the stakeholders. The certain constituents of the estate planning are evaluated through the lens of responsibility. As a final step, the following study provides a synthesis mat…
"Auttaminen on molemminpuolinen ilo!" : avustaviin perheenjäseniin perustuva auttaminen suomalaisissa perheyrityksissä auttajan näkökulmasta tarkaste…
2013
The internationalization of family businesses: A review of extant research
2010
Among family businesses (FBs) internationalization has become a strategy for growth, and sometimes even for survival. This review article presents an analysis conducted on 25 refereed journal articles on FB internationalization. The articles typically portrayed the internationalization of FBs as a sequential process following the Uppsala model of internationalization; by contrast, some FBs were regarded as “born-again” global firms. In methodological terms, most of the articles focused on what-questions rather than why/how-questions. The articles did not make much use of internationalization or FB-specific theories. Our study takes a step towards clarifying the following issues: (i) the cur…
Splitting heirs - divorce planning and pre-nuptial agreements for family business in Ireland
2009
Objectives: The main aim of this paper is to examine what can be done to plan for divorce should divorce arise for members of a family business in Ireland. A number of objectives have been formulated; firstly the research will examine the issue of di-vorce and what the law states pertaining to it. Next what support there is for family businesses when it comes to divorce and what preparations could be made should di-vorce occur will be identified. Prenuptial agreements will be examined and the views and opinions of owner/managers of family businesses will also be examined. Prior work: Little to no research has been conducted in Ireland to examine the views and opinions of family owned busine…
Managerial Capabilities in the Family Tourist Business: Is Professionalization the Key to Their Development?
2021
The main objective of this paper is to analyze the elements of the particular governance structure of the family business and the involvement of the family in the business in order to verify its effects on managerial capabilities. Likewise, professionalization in this type of company will be studied as a moderating variable. To address this analysis, the Resource and Capabilities Based-View and the Agency Theory will be taken as a basis. The empirical study is carried out on a base of 591 Spanish tourism companies using a multiple linear regression analysis. The results show that many of the peculiar characteristics of the family business have a negative effect on their managerial skills, p…
Family Business and Habitual Entrepreneurship : Differences and Similarities
2008
This study examines the prevalence of different types of entrepreneurs in the context of family business. In previous studies the family entrepreneurs have been seen loyal to their original firm, whereas relinquishing a firm is substantially connected to the habitual entrepreneurs. It may be one reason why these entrepreneurial dimensions have not been largely connected in previous studies. However, this does not mean that habitual entrepreneurship would not exist in family business. Thus the aim of this study is to explore the connections between habitual entrepreneurship and family business by examining, firstly, how many family entrepreneurs there are among portfolio, serial and first-ti…
The phenomenon of family business and taxation
2021
Our research aims to explore and understand specifics of taxation for family business. We have to appreciate the potential of small-scale entrepreneurship, social business, family sustenance farming, mutual support within communities considering neglected policy options, finding ways to reduce obstacles built by conventional conceptualizations of economics. Survivability - the necessary step to sustainability in hard times; taxation policy should have its say. The authors believe that small-scale entrepreneurship, family business is the one of the most important economy development factors political and social condition stabilization.
Rahan, vallan ja rakkauden kolmiodraama : perheyrittäjyys, omistajuus ja vallankäyttö televisiodraamasarjassa Puhtaat valkeat lakanat
2014
The Experiential Perceptions of Entrepreneurial Competencies : Avenues for the Next-Generation Entrepreneurship Education
2023
AbstractThis self-narrative study on entrepreneurial competencies was conducted among potential next-generation members belonging to entrepreneurial families. As public university bachelor students, self-narratives written by the students themselves do not reflect just perceptions of entrepreneurial competencies in the context of business families but also in the context of higher education. The conceptual advancement of this paper focuses on extending the discussion of entrepreneurial experience-based competencies before designing and launching a venture, such as creativity, innovativeness, risk-taking, sales, and marketing.