Search results for "Family busine"

International Strategic Alliances and the Internationalization Process: The Family Ownership Effect

2010

This study examines whether the ownership structure of Italian firms affects the internationalization process of firms that completed equity international strategic alliances (EISA). This paper provides a comparison of the internationalization intensity, the internationalization commitment, the choice of country and the growth of organisation between family businesses and non-family businesses. Financial data of Italian firms that completed an EISA between 2003 and 2006 were used. The analysis of data shows that family ownership has an effect on the internationalization intensity. In fact, family businesses are more internationalised than non-family businesses if firms have completed an equ…

Branding a family business

2016

This master’s thesis main object was to understand better the very little researched topic: branding a family business. The main aim was to seek the values used behind family business that are the family values used in the brand and how the branding has been implemented in a family company. A qualitative method was chosen for this research for an interpretative analysis of the subject. Five family companies were chosen for the interviews. All these family companies are known Finnish companies which have a great brand and can be defined as true family businesses from their ownership and governance. Before the interview, all interviewees were given a questionnaire which was formulated based o…

How publicly quoted family business organizational behavior reflects financial crisis : a content analysis of the annual reports from 2008 to 2011

2012

The aim in this research is to analyze the strategic reactions the entrepreneurs in public traded family business take towards the global financial crisis. It is mainly based on a bilateral contextual structure: the internal context concerns the Entrepreneurial Orientation (EO) five-dimension theoretical framework (Lumpkin & Dess, 1996) under family business background; the external con-text refers to the global financial crisis as a macro environment. Hence, the re-search question can be concluded as “how the entrepreneurs in large publicly traded family firm organizational behavior, named EO, reflects the global financial crisis?” Furthermore, during the analysis process, several assumpti…

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.