Search results for "Family Firms"
showing 7 items of 17 documents
Analysis of social performance and board of directors in family firms: evidence from quoted Italian companies
2013
'This is a very business-like book in its approach. It has an impressive global reach in its authorship, focal areas and use of evidence; it hits all the major practical challenges of family firms in a spirit that is fresh and current; and it deals with the cutting-edge themes and issues that are uppermost in the minds of owners, executives, advisors and researchers in the field.' - Nigel Nicholson, London Business School, UK, author, Managing the Human Animal, Family Wars and The 'I' of Leadership. © Kosmas X. Smyrnios, Panikkos Zata Poutziouris and Sanjay Goel 2013. All rights reserved.
Family Firms strategies in times of crisis: a study of the influence of socio-emotional wealth and Top Management Team characteristics
2023
Las empresas familiares representan la mayor parte de la economía mundial, contribuyen a la generación de cerca del 70% del PIB a nivel global, crean el 60% de los puestos de trabajo en el mundo y es el tipo de empresa predominante en la mayoría de las economías desarrolladas, llegando a representar al 65% de las empresas existentes en el mundo. Concretamente en España representan el 89% del total de empresas existentes, proveen el 67% de los puestos de trabajo del país y contribuyen a la generación del 57% del PIB nacional. A pesar de la importancia de las empresas familiares en la economía mundial y de su importante papel en la sociedad, menos del 30% de las empresas alcanzan la segunda g…
Leverage and Family Firms
2020
This chapter analyses the relationship between ownership structure and leverage, providing an integrated theoretical approach that combines traditional financial theories, agency theory, and recently developed theories relating to non-financial preferences. The results show that, after controlling for endogeneity, being a family firm has a positive effect on the propensity to incur debt. These findings add to the existing body of literature and underline the need for a multi-theoretical approach when explaining the capital structure of family firms. The authors apply panel data methodology to control for individual heterogeneity of family firms. The chapter uses a sample of Spanish firms op…
Socioemotional wealth in family business research: A systematic literature review on its definition, roles and dimensions
2022
This study aims to depict the current state of research on socioemotional wealth (SEW) in family businesses considering its definitions, roles, and dimensions. Using the SPAR-4-SLR protocol (Paul, Lim, O’Cass, Hao, & Bresciani, 2021), we develop a systematic review of literature on SEW covering 74 studies published between 2007 and 2022. We propose a comprehensive definition of SEW based on four nonfinancial aspects and an association model that reviews the roles of SEW as an antecedent, a consequence, or a moderator. We also offer a new conceptual model for SEW comprising a general dimension and ten specific dimensions to facilitate empirical inquiries into areas beyond those considered by…
Family firms and networks : the role of trust and commitment : a case study of two Finnish furniture networks
2000
Internationalization pathways of family SMEs: psychic distance as a focal point
2010
Purpose – The purpose of this paper is to investigate how psychic distance affects the internationalization process, foreign market entry (FME), and entry mode choice of Finnish small and medium-sized family enterprises (family SMEs) operating in France. Design/methodology/approach – The paper reports findings from an in-depth case study covering four Finnish manufacturing family SMEs operating in the French market. The data were analyzed using the Uppsala model and distance creating and distance-bridging factors encountered in the FME to France. Findings – The findings reveal that the family SMEs mainly followed a sequential process and favored indirect entry modes before entering the Fren…