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Performance And Behavior Of Family Firms
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Book Synopsis Performance and Behavior of Family Firms by : Esra Memili
Download or read book Performance and Behavior of Family Firms written by Esra Memili and published by MDPI. This book was released on 2018-03-23 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a printed edition of the Special Issue "Performance and Behavior of Family Firms" that was published in IJFS
Book Synopsis Performance and Behavior of Family Firms by : Esra Memili
Download or read book Performance and Behavior of Family Firms written by Esra Memili and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Performance and Behavior of Family Firms.
Author :John M. Abowd Publisher :Université de Montréal, Centre de recherche et développement en économique ISBN 13 : Total Pages :94 pages Book Rating :4.:/5 (318 download)
Book Synopsis High Wage Workers and High Wage Firms by : John M. Abowd
Download or read book High Wage Workers and High Wage Firms written by John M. Abowd and published by Université de Montréal, Centre de recherche et développement en économique. This book was released on 1994 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study a longitudinal sample of over one million French workers and over 500,000 employing firms. Real total annual compensation per worker is decomposed into components related to observable characteristics, worker heterogeneity, firm heterogeneity and residual variation. Except for the residual, all components may be correlated in an arbitrary fashion. At the level of the individual, we find that person-effects, especially those not related to observables like education, are the most important source of wage variation in France. Firm-effects, while important, are not as important as person-effects. At the level of firms, we find that enterprises that hire high-wage workers are more productive but not more profitable. They are also more capital and high-skilled employee intensive. Enterprises that pay higher wages, controlling for person-effects, are more productive and more profitable. They are also more capital intensive but are not more high-skilled labor intensive. We also find that person-effects explain 92% of inter-industry wage differentials.
Book Synopsis The SAGE Handbook of Family Business by : Leif Melin
Download or read book The SAGE Handbook of Family Business written by Leif Melin and published by SAGE. This book was released on 2013-11-15 with total page 697 pages. Available in PDF, EPUB and Kindle. Book excerpt: The SAGE Handbook of Family Business captures the conceptual map and state-of-the-art thinking on family business - an area experiencing rapid global growth in research and education since the last three decades. Edited by the leading figures in family business studies, with contributions and editorial board support from the most prominent scholars in the field, this Handbook reflects on the development and current status of family enterprise research in terms of applied theories, methods, topics investigated, and perspectives on the field′s future. The SAGE Handbook of Family Business is divided into following six sections, allowing for ease of navigation while gaining a multi-dimensional perspective and understanding of the field. Part I: Theoretical perspectives in family business studies Part II: Major issues in family business studies Part III: Entrepreneurial and managerial aspects in family business studies Part IV: Behavioral and organizational aspects in family business studies Part V: Methods in use in family business studies Part VI: The future of the field of family business studies By including critical reflections and presenting possible alternative perspectives and theories, this Handbook contributes to the framing of future research on family enterprises around the world. It is an invaluable resource for current and future scholars interested in understanding the unique dynamics of family enterprises under the rubric of entrepreneurship, strategic management, organization theory, accounting, marketing or other related areas.
Book Synopsis The Growth Behavior of Family Firms by : Annika Geyer
Download or read book The Growth Behavior of Family Firms written by Annika Geyer and published by Springer. This book was released on 2016-03-22 with total page 345 pages. Available in PDF, EPUB and Kindle. Book excerpt: Annika Geyer aims to advance the current understanding of variations in family businesses' growth performance and to explain their potential origins. She focuses on the respective impact of the set of relevant background factors (stemming from top executives' individual characteristics as well as the given organizational and social environment) on the firms growth performance and the underlying processes through which this impact is transmitted. The insights of this work constitute an essential step towards settling the debate on how the family actually contributes to the family firm's performance and hold some important implications for practitioners.
Book Synopsis Performance and Behavior of Family Firms by : David Alexandre Sraer
Download or read book Performance and Behavior of Family Firms written by David Alexandre Sraer and published by . This book was released on 2013 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper empirically documents the performance and behavior of family firms listed on the French stock exchange between 1994 and 2000. On the French stock market, approximately one third of the firms are widely held, another third are founder-controlled and the remaining third are heir-controlled family firms. We find that, in the cross section, family firms largely outperform widely held corporations. This result holds for founder controlled firms, professionally managed family firms, but more surprisingly also for firms run by descendants of the founder. We then propose explanations that differ according to the identity of the management in the family firm. First, we offer evidence of a more efficient use of labor in heir-managed firms. These firms pay lower wages, even allowing for skill and age structure within the firm. We also find that descendants smooth out industry shocks and manage to honor implicit labor contracts. Secondly, we present evidence consistent with outside CEOs in family firms making a more parsimonious use of capital. They employ more unskilled, cheap labor, use less capital, pay lower interest rates on debt and initiate more profitable acquisitions.
Book Synopsis Family Firms and Institutional Contexts by : Giorgia Maria D'Allura
Download or read book Family Firms and Institutional Contexts written by Giorgia Maria D'Allura and published by Edward Elgar Publishing. This book was released on with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Family firms represent over 90 per cent of businesses globally, and play a significant role in the economies of many nations. This innovative book takes an interdisciplinary, cross-national approach to the study of family firms as institutions as well as the relationship between family firms and external institutions. In doing so, it demonstrates the impact of these interactions both on the firms and institutions themselves and on the wider economic context. Featuring in-depth analysis of original research, chapters take both theoretical and empirical approaches to explore the family firm as an organization, and include several key case studies. At a micro level, the social and cultural unit of the family and its behaviour is investigated, and at a macro level, external institutional contexts are examined to explain and theorise firms' behaviours and strategies, covering areas such as innovation, competitiveness and reputation. The book provides important conceptual insights and critical empirical research, as well as ideas for future research agendas. Family Firms and Institutional Contexts will be a critical read for scholars and doctoral students in business and management, particularly those with an interest in family firms. Policymakers and practitioners in these areas will also find its insights of practical relevance"--
Book Synopsis Psychological Ownership in Family Businesses by : Fabian Bernhard
Download or read book Psychological Ownership in Family Businesses written by Fabian Bernhard and published by BoD – Books on Demand. This book was released on 2011 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book includes three essays covering the ownership perceptions individuals experience in family businesses. It advances current knowledge on the organizational factors anteceding individuals' psychological ownership as well as the attitudinal and behavioral consequences. Investigating overly strong psychological ownership, the first essay provides insights into the phenomenon of aging family business owner-managers who face difficulties in 'letting go', i. e. passing on leadership to their successor(s). The second essay offers a study of family business owner-managers' leadership styles and their influence on nonfamily employees' psychological ownership of the family business as well as individuals' motivation and performance. Given the special situation of nonfamily members working in family businesses, the third essay examines the effects of employees' and nonfamily managers' justice perceptions on both the ownership experience and commitment to the family business. The works presented in this book built a basis for several publications, such as articles in the Journal of Family Business Strategy and Group & Organization Management. Furthermore, they have been presented at various international conferences, have been nominated for a "most creative paper" award, and have contributed to the Academy of Management Best Paper Proceedings. The findings not only constitute valuable additions to current research in management and organizational psychology, but can also provide benefit for those interested in family businesses. Managers, owners, and consultants working in or for family businesses would likely gain from the practical implications.
Book Synopsis Investment Behavior and Performance of Family Firms by : Jörg Berner
Download or read book Investment Behavior and Performance of Family Firms written by Jörg Berner and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This study investigates how different categories of family firms perform and how their investment behavior relates to performance. Based on a sample of 366 publicly quoted companies in Switzerland and Germany, family-related businesses overall and in particular such ones led by family members, but not founders, are established to outperform for both market and book returns. Therefore, against theoretical expectations, founders do in this study not exhibit superior governance than their successors in family firms. Investment intensity is observed to differ among firm groups only for R&D, but not for capital expenditure. Higher as well as more procyclical R&D spending are suggested to negatively correlate with stock returns. As family businesses are characterized by lower and less procyclical R&D investing than nonfamily firms, the group's investment behavior is identified as potential determinant of its outperformance. Founder-led firms demonstrate to be comparably young, growth-oriented companies which are compensating their high business risk with very low financial leverage. The positive correlation of investment intensity and financial leverage for this group is interpreted as tendency to prioritize firm control over business prosperity, as suggested by Gómez-Mejía et al. (2007). Firms led by family successors, on the other hand, tend to be business risk-averse and highly stable over time.
Author :Management Association, Information Resources Publisher :IGI Global ISBN 13 :1668435519 Total Pages :1146 pages Book Rating :4.6/5 (684 download)
Book Synopsis Research Anthology on Strategies for Maintaining Successful Family Firms by : Management Association, Information Resources
Download or read book Research Anthology on Strategies for Maintaining Successful Family Firms written by Management Association, Information Resources and published by IGI Global. This book was released on 2021-08-27 with total page 1146 pages. Available in PDF, EPUB and Kindle. Book excerpt: Family-owned businesses account for many of the small and medium-sized enterprises that exist around the world in various industries. Due to their unique make up, these firms are often heavily influenced by family dynamics that must be reconciled by family and non-family workers alike in order to ensure the sustainability of the business. As smaller businesses competing against an increasingly globalized economy and more directly impacted by economic instability, especially in the wake of the COVID-19 pandemic, these businesses must continue to improve their practices and processes in order to not only survive but thrive. The Research Anthology on Strategies for Maintaining Successful Family Firms discusses the strategies, sustainability, and human aspects of family firms in order to understand what sets them apart from other businesses and how they can survive and compete in a globalized economy. This book discusses the unique dynamic brought by family firms that offers both opportunities and challenges for a growing business. Covering topics such as corporate venturing, the family unit, and business ethics, this text is an essential resource for family firms, entrepreneurs, managers, business students, business professors, researchers, and academicians.
Book Synopsis How Family Firms Differ by : S. Bhaumik
Download or read book How Family Firms Differ written by S. Bhaumik and published by Springer. This book was released on 2014-11-25 with total page 150 pages. Available in PDF, EPUB and Kindle. Book excerpt: Family firms account for a large proportion of firms in most countries. In industrialised countries of North America and Western Europe, they generally account for a large share of small and medium sized enterprises. In emerging market economies such as India, they also account for the majority of the large firms. Their importance for factors such as employment creation notwithstanding, relative to the widely held Anglo-Saxon firms, which are ubiquitous in the economics, finance and management literatures, family firms have historically received much less attention from scholars of these disciplines. However, in part owing to increased focus on emerging markets, there is a growing literature on family firms. In How Family Firms Differ, the authors explore important aspects of family firms, drawing on the existing literature and their own research on these firms.
Book Synopsis Family Influence on Performance of Family Small and Medium Enterprises by : Ana Paula Matias Gama
Download or read book Family Influence on Performance of Family Small and Medium Enterprises written by Ana Paula Matias Gama and published by Springer Nature. This book was released on 2021-05-19 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the relationship between family influence and financial performance and non-economic goals in small and medium family-owned enterprises (SME) in Portugal. Research on the performance of family-owned firms is growing but results are mixed, especially for non-listed companies. This book examines smaller family-owned firms that operate in a small, open economy, characterised by a context of relatively weak capital markets and predominantly bank-based financing. Delving into the impact of key variables such as the power dimension, experience and culture on performance establishes, the book goes on to analyse the determinants of performance in such family-owned SMEs. Given the importance of family firms to open economies, this book would be a valuable read to scholars aiming to understand the reasons behind their success, managers seeking out strategic and operational guidance and to regulators and policymakers at the regional and national levels.
Book Synopsis Handbook of Research on the Strategic Management of Family Businesses by : Palma-Ruiz, Jesús Manuel
Download or read book Handbook of Research on the Strategic Management of Family Businesses written by Palma-Ruiz, Jesús Manuel and published by IGI Global. This book was released on 2020-01-10 with total page 539 pages. Available in PDF, EPUB and Kindle. Book excerpt: The literature on family business has developed significantly over the last years. However, efforts remain to summarize and systematize the main aspects that affect the behavior of this type of company. In this regard, the topic of strategic management has been developed. In this sense, it is especially important to recognize how the family decisively influences the behavior of the company and also to identify how the existence of the company affects family dynamics. Those who manage family businesses, whether family or not, must reconcile both perspectives (business and family) in the definition of strategic objectives, allowing sustainability and continuity in this type of organization. The Handbook of Research on the Strategic Management of Family Businesses provides emerging research that covers how strategic management in the family business has been developed and identifies the objectives that sustain this strategic behavior, the main areas of analysis (family and business), the definition of strategies, and their implementation. Also, the authors of this book review the different scenarios for family firms and propose strategies to tackle the challenges and seize the possibilities to grow in a competitive and dynamic environment. Featuring coverage on a broad range of topics such as human capital, organizational leadership, and knowledge creation, this book is ideally designed for family firms, managers, advisors, consultants, policymakers, business professionals, executives, entrepreneurs, researchers, academicians, and students.
Book Synopsis Generation to Generation by : Kelin E. Gersick
Download or read book Generation to Generation written by Kelin E. Gersick and published by Harvard Business Press. This book was released on 1997 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: Generation to Generation will help managers understand the special dynamics & challenges that family businesses face as they move through their life cycles. It explains how to handle succession, & the role of non-family professionals.
Book Synopsis When Business is in the Blood by : Saim Kashmiri
Download or read book When Business is in the Blood written by Saim Kashmiri and published by . This book was released on 2012 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: Family firms play a significant role in the U.S. economy, making up about 35 percent of S & P 500 or Fortune 500 companies and contributing about 65 percent to the U.S. GDP. This research explores differences in strategic behavior and firm performance between family firms and non-family firms, and further explores whether family firms such as Dell Inc. that use their founding family's name as part of their firm name (termed family-named firms, or FN firms) behave and perform any differently versus family firms such as Gap Inc. whose firm name does not include their family's name (termed non-family-named firms, or NFN firms). The first study which is based on a multi-industry sample of 130 publicly listed U.S. family firms over a five-year period (2002-2006), reveals that compared to NFN firms, FN firms have significantly higher levels of corporate citizenship and representation of their customers' voice (i.e., presence of a chief marketing officer) in the top management team. FN firms also have a higher strategic emphasis (i.e., a greater emphasis on value appropriation relative to value creation) compared to NFN firms. Furthermore, FN firms perform better (i.e., have a higher ROA) than NFN firms, and their superior performance is partially mediated by their higher corporate citizenship levels and strategic emphasis. In the second study -- an event study of 1294 product introduction announcements of 107 publicly listed U.S. family firms from 2005-2007 -- I find that relative to NFN firms, FN firms are rewarded more by the stock market for introducing new products. Superior returns to FN firms' new product introductions are partially mediated by these firms' history of trustworthy product-related behavior: FN firms, particularly those with corporate branding, and those wherein a founding family member holds the CEO or Chairman position, are more likely to exhibit a history of avoiding such product-related controversies as product safety issues, and deceptive advertising. The third study explores differences in strategic behavior and firm performance between family firms and non-family firms in the context of 7 U.S. economic recessions between the years 1970 and 2008. Findings based on a sample of 428 U.S. publicly listed firms reveal that family firms consistently outperform non-family firms during economic recessions. This superior performance is partially driven by family firms' unique strategic behavior: during recessions, family firms maintain higher levels of advertising intensity, exhibit lower financial leverage, and get involved in fewer social and employee-related unethical actions than non-family firms. The three studies taken together have important implications for family firm, branding, CSR, firm valuation, and innovation-related theory and practice. I highlight these implications in my dissertation.
Book Synopsis Family Firms and Local Roots by : Stefano Amato
Download or read book Family Firms and Local Roots written by Stefano Amato and published by Springer Nature. This book was released on 2023-07-19 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book pursues an interdisciplinary approach to studying family firms as a particular type of business strongly embedded in the territories in which they are located. Featuring an in-depth analysis of original research, the book employs both theoretical and empirical approaches to explore family firms and their relationships with their home territories. The book shows that family firms have unique bonds with their local areas, and these bonds profoundly shape their decision-making and outcomes. The book addresses two research questions, namely, how the connections between family firms and their home territories originate and develop, and how they influence firms’ economic performance and their corporate social responsibility initiatives. Uniquely, it seeks to develop an integrated framework that brings together family firms, local contexts, and places while also presenting new empirical evidence of relevance to scholars, managers, and policymakers alike. In addition, the book responds to the need for a greater understanding of what anchors entrepreneurial families to their home territories and the conditioning effect of local roots on such firms’ behavior.
Author :Groupe HEC (Jouy-en-Josas, Yvelines). Direction de la recherche Publisher : ISBN 13 :9782854188394 Total Pages :54 pages Book Rating :4.1/5 (883 download)
Book Synopsis The Missing Lens in Family Firm Governance Theory by : Groupe HEC (Jouy-en-Josas, Yvelines). Direction de la recherche
Download or read book The Missing Lens in Family Firm Governance Theory written by Groupe HEC (Jouy-en-Josas, Yvelines). Direction de la recherche and published by . This book was released on 2006 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:
