Family Business Review
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Succession in Family Firms: The Problem of Resistance
Family Business Review - Tập 1 Số 4 - Trang 361-381 - 1988
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.
Attributions for Family Business Failure: The Heir's Perspective
Family Business Review - Tập 9 Số 2 - Trang 171-184 - 1996
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...
On the Goals of Successful Family Companies
Family Business Review - Tập 5 Số 1 - Trang 43-62 - 1992
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...
Ownership and Management Issues Associated With Family Firm Performance and Company Objectives
Family Business Review - Tập 19 Số 4 - Trang 301-316 - 2006
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...
Bivalent Attributes of the Family Firm
Family Business Review - Tập 9 Số 2 - Trang 199-208 - 1996
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...
The Influence of Life Stage on Father-Son Work Relationships in Family Companies
Family Business Review - Tập 2 Số 1 - Trang 47-74 - 1989
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...
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
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...
Family Ownership and Pyramids in the Spanish Market
Family Business Review - Tập 20 Số 3 - Trang 247-265 - 2007
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...
Entrepreneurial Orientation, Risk Taking, and Performance in Family Firms
Family Business Review - Tập 20 Số 1 - Trang 33-47 - 2007
This article focuses on risk taking as one important dimension of
entrepreneurial orientation and its impact in family firms. Drawing on a sample
of Swedish SMEs, we find that risk taking is a distinct dimension of
entrepreneurial orientation in family firms and that it is positively associated
with proactiveness and innovation. We also find that even if family firms do
take risks while engaged in...
Family Businesses’ Contribution to the U.S. Economy: A Closer Look
Family Business Review - Tập 16 Số 3 - Trang 211-219 - 2003
In 1995, we were commissioned to conduct research on the impact of family
businesses on the U.S. economy. A search of all relevant research led to the
conclusion that the majority of existing data relating to family businesses’
economic contributions were not grounded in empirical research, and the
definitions used to distinguish family businesses from other enterprises were
ambiguous or non-exist...
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