Family Business Review

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Attributions for Family Business Failure: The Heir's Perspective
Family Business Review - Tập 9 Số 2 - Trang 171-184 - 1996
Karen Maru File, Russ Alan Prince
Family business studies have focused on succession because of the incidence of family business failure and the importance of family businesses within the US economy. This study furthers the understanding of family business failure by making the distinction between succession planning (the management task of transitioning leadership) and estate planning (the task of transitioning financial assets a... hiện toàn bộ
Succession in Family Firms: The Problem of Resistance
Family Business Review - Tập 1 Số 4 - Trang 361-381 - 1988
Wendy C. Handler, Kathy E. Kram
Succession is problematic for a majority of family firms. This paper argues that resistance to succession exists across many levels in these organizations and proposes a model that highlights the multiple contributing factors.
On the Goals of Successful Family Companies
Family Business Review - Tập 5 Số 1 - Trang 43-62 - 1992
Renato Tagiuri, John A. Davis
Providing clear goals for a company and communicating them are among the most powerful means for guiding the behavior of the people in an organization. In this article, we explore the range of objectives or goals of family-owned and -managed companies and identify those most commonly regarded as important by owner-managers. Further, we describe six major empirical dimensions of goals that we deriv... hiện toàn bộ
Bivalent Attributes of the Family Firm
Family Business Review - Tập 9 Số 2 - Trang 199-208 - 1996
Renato Tagiuri, John A. Davis
Although family-owned and managed firms are the predominant form of business organization in the world today, little systematic research exists on these companies. This paper builds upon insights found in the emerging literature on these enterprises and upon our own observations to provide a conceptual framework to better understand these complex organizations. We introduce the concept of the Biva... hiện toàn bộ
Ownership and Management Issues Associated With Family Firm Performance and Company Objectives
Family Business Review - Tập 19 Số 4 - Trang 301-316 - 2006
Paul Westhead, Carole Howorth
Agency and stewardship theories are used to explore associations between ownership and management profiles and the performance and objectives of family firms. Using data from privately held family firms in the United Kingdom, a range of performance measures and objectives were examined. Multivariate regression analysis detected that closely held family firms did not report superior firm performanc... hiện toàn bộ
The Influence of Life Stage on Father-Son Work Relationships in Family Companies
Family Business Review - Tập 2 Số 1 - Trang 47-74 - 1989
John A. Davis, Renato Tagiuri
The authors examine the relationship between the life cycles of fathers and sons who work together, concluding that the quality of the work relationship varies as a function of their respective life stages. The intersection of their individual developmental paths can have positive or negative effects on the nature of the work relationship, on the resolution of such problem issues as succession, an... hiện toàn bộ
The F-PEC Scale of Family Influence: A Proposal for Solving the Family Business Definition Problem1
Family Business Review - Tập 15 Số 1 - Trang 45-58 - 2002
Joseph H. Astrachan, Sabine B. Klein, Kosmas X. Smyrnios
This article proposes an alternative method for assessing the extent of family influence on any enterprise, enabling the measurement of the impact of family on outcomes such as success, failure, strategy, and operations. This proposed method, utilizing a standardized and valid instrument— the F-PEC—enables the assessment of family influence on a continuous scale rather than restrict its use as a c... hiện toàn bộ
Family Ownership and Pyramids in the Spanish Market
Family Business Review - Tập 20 Số 3 - Trang 247-265 - 2007
María Asunción Sacristán Navarro, Silvia Gómez Ansón
This aim of this article is to describe, in the Spanish setting, family ownership and to explore how families hold their shares (the use of indirect ownership, pyramids, and cross-shareholdings). It also seeks to describe to what extent cash-flow rights differ from control rights and the degree of the firm's professionalization according to every type of owner category, but especially for families... hiện toàn bộ
An Empirical Examination of Ownership Structure in Family and Professionally Managed Firms
Family Business Review - Tập 5 Số 2 - Trang 117-136 - 1992
Catherine M. Daily, Marc Dollinger
The literature applying agency theory to management has focused on the performance advantages to be gained when ownership and control of the firm are aligned. This article investigates that premise by comparing family-owned and -managed and professionally managed firms. The article presents the results of a field survey that examined the extent to which family-owned and -managed firms differ acros... hiện toàn bộ
Comparison of Family and Nonfamily Business: Financial Logic and Personal Preferences
Family Business Review - Tập 17 Số 4 - Trang 303-318 - 2004
Miguel Á. Gallo, Josep Tàpies, Kristin Cappuyns
Research has identified important differences between family businesses (FBs) and nonfamily businesses (NFBs). The difficulty, however, lies in explaining the reasons for those differences. In this article, Professors Miguel A. Gallo and Josep Tàpies, and Research Associate Kristin Cappuyns, all of IESE, International Business School, Barcelona, report the results of an investigation into the “pec... hiện toàn bộ
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