Two Essays on Small Capitalization Public Family and Nonfamily Firms

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Publisher :
ISBN 13 :
Total Pages : 284 pages
Book Rating : 4.:/5 (945 download)

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Book Synopsis Two Essays on Small Capitalization Public Family and Nonfamily Firms by : Philip L. Fazio

Download or read book Two Essays on Small Capitalization Public Family and Nonfamily Firms written by Philip L. Fazio and published by . This book was released on 2012 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: This research links together disparate literature on family and nonfamily firms, large and small firms, and risk for small firms. The literature is not coherent in one theme: whether family firms operate with greater risk relative to nonfamily firms. Yet the literature finds performance advantage to family firms without an explanation of why family firms on average generate better accounting returns and values relative to nonfamily firms other than for reduced agency costs translated into value. The first essay examines two measures of risk---debt ratio and idiosyncratic risk---of small publicly held family firms relative to nonfamily firms to investigate differences in financial risk between them. Using a unique hand-collected data set of small family and nonfamily firms, I analyze certain firm characteristics (family ownership, family member on the board, size, and dual class status) and find that family and nonfamily firms do not differ in their book-based debt ratios but do differ in their market-based debt ratios. Specifically, I find that family firms that tightly control voting rights through dual class status have higher debt ratios and hence have higher risk than nonfamily firms. Furthermore, I find a positive relation between idiosyncratic risk and family ownership, and I find as the percentage of family ownership increases idiosyncratic risk increases. The second essay utilizes the likelihood of incentive compensation presence and incentive compensation ratio of small publicly held family firms relative to nonfamily firms to investigate differences in CEO dividends and incentive compensation. The tools available for boards of directors to incentivize CEOs to act in accordance with diverse shareholder wishes, including risk-taking, investment selection, and the on-the-job consumption of resources, are stock options, stock grants, and cash bonuses. I argue that agency theory in practice is imperfect in incentive contracting. Specifically, CEO dividends and family ownership reduce the likelihood of the existence of an incentive compensation plan. I find in the presence of CEO dividends that family and nonfamily firms differ in their incentive compensation ratios and the likelihood of incentive compensation. In my sample, I find a significant negative relation between the CEO dividend income ratio and the incentive compensation ratio and between family ownership percentage and the incentive compensation ratio. Lastly, consistent with current literature, I find that growth opportunities positively influence both family and nonfamily firms' incentive compensation ratios.

The History of Family Business, 1850-2000

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Publisher : Cambridge University Press
ISBN 13 : 9780521804721
Total Pages : 118 pages
Book Rating : 4.8/5 (47 download)

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Book Synopsis The History of Family Business, 1850-2000 by : Andrea Colli

Download or read book The History of Family Business, 1850-2000 written by Andrea Colli and published by Cambridge University Press. This book was released on 2003 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this new textbook, Andrea Colli gives a historical and comparative perspective on family business, examining through time the different relationships within family businesses and among family enterprises, inside different political and institutional contexts. He compares the performance of family businesses with that of other economic organizations, and looks at how these enterprises have contributed to the evolution of contemporary industrial capitalism. Central to his discussion are the reasons for both the decline and persistence of family business, how it evolved historically, the different forms it has taken over time, and how it has contributed to the growth of single economies. The book summarises previous research into family business, and situates many aspects of family business - such as their strategies, contribution, failure and decline - in an economic, social, political and institutional context. It will be of key interest to students of economic history and business studies.

Transgenerational Entrepreneurship

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Publisher : Edward Elgar Publishing
ISBN 13 : 1849805466
Total Pages : 237 pages
Book Rating : 4.8/5 (498 download)

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Book Synopsis Transgenerational Entrepreneurship by : M. Nordqvist

Download or read book Transgenerational Entrepreneurship written by M. Nordqvist and published by Edward Elgar Publishing. This book was released on 2010-01-01 with total page 237 pages. Available in PDF, EPUB and Kindle. Book excerpt: Introducing a new concept in family businesses Transgenerational Entrepreneurship addresses how these businesses achieve growth and longevity through entrepreneurial activities. It focuses on the resources, capabilities and mindsets that families develop and draw upon in order to be entrepreneurial across generations, and presents findings from an international research collaboration between family business researchers and practitioners. In addition to a comprehensive conceptual chapter, the editors include a unique set of empirical case-based research papers that investigates transgenerational entrepreneurship in different European contexts. They bring together and integrate frontier research on entrepreneurship and family business, as well as provide a basis for future research. Academics, teachers and students in business and management, entrepreneurship and family business will find this path-breaking book of value, as will libraries, policy makers and consultants.

Family Business and Regional Development

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Publisher : Routledge
ISBN 13 : 0429608993
Total Pages : 280 pages
Book Rating : 4.4/5 (296 download)

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Book Synopsis Family Business and Regional Development by : Rodrigo Basco

Download or read book Family Business and Regional Development written by Rodrigo Basco and published by Routledge. This book was released on 2021-04-07 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the relationship between families, firms, and regions and the extent to which these relationships contribute to regional economic and social development. Although family business participation in economic activities has been a common phenomenon since pre-industrial societies, and its importance has evolved throughout time and across spatial contexts, the book suggests that these factors have often been neglected in family business and regional studies. Taking this research gap into account, the book aims to deepen our understanding of the role family firms play in the regional economy. In particular, it explores two seldom studied questions. Firstly, what role do family firms play in regional development? Secondly, how do different spatial regional contexts shape family firm operations and performance? Family Business and Regional Development presents a model of "spatial familiness" and uses themes such as productivity, networks and competitiveness to shed new light on family businesses. Moreover, it approaches the juxtaposition between family business and regional studies to encourage the cross-fertilisation of ideas, theories, and research methods between the two fields. Bringing together leading experts in entrepreneurship, regional economics, and economic geography, this book will be a valuable reading for advanced students, researchers and policymakers interested in family firms, regional studies and economic geography.

Family Business Studies

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Publisher : Edward Elgar Publishing
ISBN 13 : 1781002983
Total Pages : 369 pages
Book Rating : 4.7/5 (81 download)

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Book Synopsis Family Business Studies by : Alfredo De Massis

Download or read book Family Business Studies written by Alfredo De Massis and published by Edward Elgar Publishing. This book was released on 2012-01-01 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: ÔThis book provides a thorough review and compendium of important family business research. It should be in the personal library of every family business scholar and graduate student involved in this vital field of study.Õ Ð Michael A. Hitt, Texas A&M University, US ÔA systematic review of the field and an incredibly useful reference book for anyone involved in studying or teaching family business.Õ Ð Sara Carter OBE FRSE, Strathclyde Business School, UK ÔThis book offers a succinct but thorough overview of how our understanding of significant issues in family business has evolved through rigorous research. This annotated bibliography of the 215 top-cited family business studies provides the empirical evidence and the basis for insightful comments from the authors on topics which will benefit from further scholarly debate and research. The authors are to be congratulated for making accessible those research contributions which have the potential to make a meaningful difference to the practice of family business.Õ Ð Jill Thomas, The University of Adelaide Business School, Australia ÔI highly recommend the annoted bibliography by De Massis, Sharma, Chua, and Chrisman to experienced scholars as well as to incoming researchers. The authors selected carefully (and in a transparent manner) relevant papers and summarized them in a way that provides a helpful basis for future research. Well done!Õ Ð Sabine B. Rau, WHUÐOtto Beisheim School of Management, Germany ÔA welcome addition to the field of family business studies! Offers an update and thorough compendium of relevant research conducted within the last 15 years. A most useful reference for doctoral students, established scholars and thoughtful practitioners. Importantly, the first three chapters offer critical commentary and synthesis that go well beyond what one typically finds in an annotated bibliography. Overall, this book offers a solid foundation for moving the study of family business forward.Õ Ð Lloyd Steier, University of Alberta, Canada ÔIf I had been asked to suggest the currently most-needed editorial endeavor for advancing family business studies, I would have answered with no hesitation: an up-to-date annotated bibliography. The fieldÕs growth over the past 15 years has been so intense, that even experts who devote most of their research efforts to family business Ð not to mention younger scholars approaching the field Ð will significantly benefit from De Massis, Sharma, Chua, and ChrismanÕs indispensable work.Õ Ð Carlo Salvato, Bocconi University, Italy and Associate Editor, Family Business Review This book catalogues the 215 most-cited empirical, theoretical, and practical articles on family business published in 33 journals since 1996. Researchers, students, and practicing managers will find it indispensable as a quick reference and guide to what we have learned about family firms. Annotations for the articles consist of: summary of key findings, research questions, contributions, and research implications. They also include a detailed description of the methodologies, empirical data, definitions, and conceptual models used. In addition, the book features chapters that review the literature, discuss how family businesses have been defined, present recent trends in family business empirical research, and provide an agenda for future research. Scholars, researchers and PhD students in the fields of family business, entrepreneurship, organization theory, management, economics, finance, anthropology, sociology and business history will find this compendium insightful. The topics covered in the book will also prove to be essential to practitioners Ð both advisors and operators of family enterprises Ð as it will provide evidence-based knowledge on the issues and dilemmas faced by them in everyday life.

Navigating Islands and Continents

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Publisher : University of Hawaii Press
ISBN 13 : 9780824823658
Total Pages : 318 pages
Book Rating : 4.8/5 (236 download)

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Book Synopsis Navigating Islands and Continents by : Cynthia G. Franklin

Download or read book Navigating Islands and Continents written by Cynthia G. Franklin and published by University of Hawaii Press. This book was released on 2000-01-01 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a collection of essays, poems, and interviews that explores the interrelations among Pacific, Asian, and continental U.S. identities and literatures.

Index to Theses with Abstracts Accepted for Higher Degrees by the Universities of Great Britain and Ireland and the Council for National Academic Awards

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Publisher :
ISBN 13 :
Total Pages : 328 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Index to Theses with Abstracts Accepted for Higher Degrees by the Universities of Great Britain and Ireland and the Council for National Academic Awards by :

Download or read book Index to Theses with Abstracts Accepted for Higher Degrees by the Universities of Great Britain and Ireland and the Council for National Academic Awards written by and published by . This book was released on 2008 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt:

A History of Corporate Governance around the World

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Publisher : University of Chicago Press
ISBN 13 : 0226536831
Total Pages : 700 pages
Book Rating : 4.2/5 (265 download)

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Book Synopsis A History of Corporate Governance around the World by : Randall K. Morck

Download or read book A History of Corporate Governance around the World written by Randall K. Morck and published by University of Chicago Press. This book was released on 2007-11-01 with total page 700 pages. Available in PDF, EPUB and Kindle. Book excerpt: For many Americans, capitalism is a dynamic engine of prosperity that rewards the bold, the daring, and the hardworking. But to many outside the United States, capitalism seems like an initiative that serves only to concentrate power and wealth in the hands of a few hereditary oligarchies. As A History of Corporate Governance around the World shows, neither conception is wrong. In this volume, some of the brightest minds in the field of economics present new empirical research that suggests that each side of the debate has something to offer the other. Free enterprise and well-developed financial systems are proven to produce growth in those countries that have them. But research also suggests that in some other capitalist countries, arrangements truly do concentrate corporate ownership in the hands of a few wealthy families. A History of Corporate Governance around the World provides historical studies of the patterns of corporate governance in several countries-including the large industrial economies of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States; larger developing economies like China and India; and alternative models like those of the Netherlands and Sweden.

A Small Farm Future

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Publisher : Chelsea Green Publishing
ISBN 13 : 1603589031
Total Pages : 322 pages
Book Rating : 4.6/5 (35 download)

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Book Synopsis A Small Farm Future by : Chris Smaje

Download or read book A Small Farm Future written by Chris Smaje and published by Chelsea Green Publishing. This book was released on 2020-10-22 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: A modern classic of the new agrarianism "Chris Smaje...shows that the choice is clear. Either we have a small farm future, or we face collapse and extinction."—Vandana Shiva "Every young person should read this book."—Richard Heinberg In a groundbreaking debut, farmer and social scientist Chris Smaje argues that organizing society around small-scale farming offers the soundest, sanest and most reasonable response to climate change and other crises of civilisation—and will yield humanity’s best chance at survival. Drawing on a vast range of sources from across a multitude of disciplines, A Small Farm Future analyses the complex forces that make societal change inevitable; explains how low-carbon, locally self-reliant agrarian communities can empower us to successfully confront these changes head on; and explores the pathways for delivering this vision politically. Challenging both conventional wisdom and utopian blueprints, A Small Farm Future offers rigorous original analysis of wicked problems and hidden opportunities in a way that illuminates the path toward functional local economies, effective self-provisioning, agricultural diversity and a shared earth. Perfect for readers of both Wendell Berry and Thomas Piketty, A Small Farm Future is a refreshing, new outlook on a way forward for society—and a vital resource for activists, students, policy makers, and anyone looking to enact change.

Unleash Your Family Business DNA

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Publisher : RTS Books
ISBN 13 : 0995584001
Total Pages : 163 pages
Book Rating : 4.9/5 (955 download)

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Book Synopsis Unleash Your Family Business DNA by : Reg Athwal

Download or read book Unleash Your Family Business DNA written by Reg Athwal and published by RTS Books. This book was released on 2017-09-04 with total page 163 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global family business advisor and authority Reg Athwal delivers the ultimate how-to guide, drawing upon his extensive global expertise and international research. Athwal shares with you the basics relevant to all first-generation entrepreneurs who are thinking about their next generation, combined with insights for well-established family firms who need to understand the pitfalls and legacy blockages that prevent 97% of family businesses from lasting beyond the fourth generation. With Athwal’s 26 years of combined experience in family business advisory, human capital management and entrepreneurship, he will ensure that you avoid the mistakes many family firms make, as he reveals his strategies, processes, systems and techniques to get it right and not leave it to random chance to build that 100-plus-year family business legacy. In this book, you’ll learn: – About your “DNA profile” and how it impacts other family members, professional teams and your overall business – How to build family structures and create the right job roles aligned to multi-generational challenges and your succession planning needs – About the blockages that stop 97% of family businesses in creating a sustainable legacy – How to build a family vision and values charter – How to evaluate your human capital and build world-class dream teams with 90% accuracy, so your business assets continue to grow

The Growth of Firms

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Publisher : Edward Elgar Publishing
ISBN 13 : 1848449100
Total Pages : 209 pages
Book Rating : 4.8/5 (484 download)

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Book Synopsis The Growth of Firms by : Alex Coad

Download or read book The Growth of Firms written by Alex Coad and published by Edward Elgar Publishing. This book was released on 2009-01-01 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research into firm growth has been accumulating at a terrific pace, and Alex Coad s survey of this multifaceted field provides a detailed, comprehensive overview of the latest developments. Much progress has been made in empirical research into firm growth in recent decades due to factors such as the availability of detailed longitudinal datasets, more powerful computers and new econometric techniques. This book provides an up-to-date catalogue of empirical work, as well as a coherent theoretical structure within which these new results can be interpreted and understood. It brings together a large body of recent research on firm growth from a multidisciplinary perspective, providing an up-to-date synthesis of stylized facts and empirical regularities. Numerous empirical findings and theories of firm growth are also surveyed and compared in order to evaluate their validity. Drawing on a vast and diverse body of research, this book will prove invaluable to students, academics, policy makers and practitioners with a need to keep abreast of studies in industrial organization, firm growth and management.

The Landscape of Family Business

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Publisher : Edward Elgar Publishing
ISBN 13 : 1782547541
Total Pages : 255 pages
Book Rating : 4.7/5 (825 download)

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Book Synopsis The Landscape of Family Business by : Ritch L. Sorenson

Download or read book The Landscape of Family Business written by Ritch L. Sorenson and published by Edward Elgar Publishing. This book was released on 2013-09-30 with total page 255 pages. Available in PDF, EPUB and Kindle. Book excerpt: •The editors should be commended for developing a Map of the Landscape of Family Business Outcomes. It gives future research direction to the discipline considering both short-term profitability and long-term sustainability. It considers conventional c

Dissertation Abstracts International

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Publisher :
ISBN 13 :
Total Pages : 582 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Dissertation Abstracts International by :

Download or read book Dissertation Abstracts International written by and published by . This book was released on 2009-05 with total page 582 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Entrepreneurship and Family Business

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Publisher : Emerald Group Publishing
ISBN 13 : 0857240978
Total Pages : 427 pages
Book Rating : 4.8/5 (572 download)

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Book Synopsis Entrepreneurship and Family Business by : Jerome A. Katz

Download or read book Entrepreneurship and Family Business written by Jerome A. Katz and published by Emerald Group Publishing. This book was released on 2010-06-23 with total page 427 pages. Available in PDF, EPUB and Kindle. Book excerpt: Deals with the issue of entrepreneurship and family business. This title considers the issues, problems, contexts, or processes that make a family firm more entrepreneurial. It covers topics such as the emergence and growth of family businesses, and the use of entrepreneurial policies, practices and strategies by family firms.

How to Get Published in the Best Entrepreneurship Journals

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Publisher : Edward Elgar Publishing
ISBN 13 : 1782540628
Total Pages : 285 pages
Book Rating : 4.7/5 (825 download)

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Book Synopsis How to Get Published in the Best Entrepreneurship Journals by : Alain Fayolle

Download or read book How to Get Published in the Best Entrepreneurship Journals written by Alain Fayolle and published by Edward Elgar Publishing. This book was released on 2014-01-31 with total page 285 pages. Available in PDF, EPUB and Kindle. Book excerpt: Competition to publish in the top journals is fierce. This book provides entrepreneurship researchers with relevant material and insights to support them in their efforts to publish their research in the most prestigious entrepreneurship outlets. &a

Trust

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Publisher :
ISBN 13 :
Total Pages : 488 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Trust by : Francis Fukuyama

Download or read book Trust written by Francis Fukuyama and published by . This book was released on 1995 with total page 488 pages. Available in PDF, EPUB and Kindle. Book excerpt: The bestselling author of The End of History explains the social principles of economic life and tells readers what they need to know to win the coming struggle for global economic dominance.

American Directory of Writer's Guidelines

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Publisher : Quill Driver Books
ISBN 13 : 9781884956584
Total Pages : 942 pages
Book Rating : 4.9/5 (565 download)

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Book Synopsis American Directory of Writer's Guidelines by :

Download or read book American Directory of Writer's Guidelines written by and published by Quill Driver Books. This book was released on 2007-02 with total page 942 pages. Available in PDF, EPUB and Kindle. Book excerpt: Perhaps the best-kept secret in the publishing industry is that many publishers--both periodical publishers and book publishers--make available writer's guidelines to assist would-be contributors. Written by the staff at each publishing house, these guidelines help writers target their submissions to the exact needs of the individual publisher. ""The American Directory of Writer's Guidelines"" is a compilation of the actual writer's guidelines for more than 1,700 publishers. A one-of-a-kind source to browse for article, short story, poetry and book ideas.