AbstractWe present a model of succession in a firm owned and managed by its founder. The founder decides between hiring a professional manager or leaving management to his heir, as well as on what fraction of the company to float on the stock exchange.
Burkart, Mike +2 more
core +15 more sources
Financing decisions in private family firms: a family firm pecking order. [PDF]
Family firms are one of the most ubiquitous forms of business organizations worldwide. Their survival and growth are thus not only crucial for the firms themselves but also for the overall economy. One of the factors that influence their survival and development are their financing decisions.
Jansen K +3 more
europepmc +5 more sources
Regional culture: The role of the invisible hand in shaping local family firms’ top management team [PDF]
Research on family businesses has focused on the differences between family and non-family firms regarding the top management team (TMT), while this study further explores the difference within family firms from different regional culture based on the ...
Xiaodong Yu +5 more
doaj +2 more sources
Family firm research – A review [PDF]
This article reviews family firm studies in the finance and accounting literature, primarily those conducted using data from the United States and China.
Qiang Cheng
doaj +4 more sources
Why do family firms dismiss their family CEOs? A perspective on kinship ties. [PDF]
Existing studies have suggested that nonfamily CEOs are more likely to be fired from family firms, while we focus on why family CEOs are also fired from family firms. Using data from 455 listed Chinese family firms, we find that family CEOs with affinity
Xiaodong Yu +4 more
doaj +2 more sources
Organizational Psychological Capital in Family Firms: the Role of Family Firm Heterogeneity. [PDF]
AbstractOrganizational psychological capital—comprising hope, confidence, resilience, and optimism—is a vital resource for family firms in times of stress. Surprisingly, whether and how family firm idiosyncrasies impact organizational psychological capital remains unclear.
Fischer-Kreer D +4 more
europepmc +6 more sources
Internationalization of family firms on innovation: Moderating impact of socioemotional wealth and institutional environment. [PDF]
Currently, there is a lack of research specifically investigating the influence of internationalization on the innovation of family firms. This paper aims to investigate the influence of both internationalization depth and breadth on the innovation of ...
Lixin Zhou, Hanwei Zhou, Xiao Wei
doaj +2 more sources
Models of innovative activity in family business
Background: A business can conduct innovative activities on its own in a so-called closed model or in cooperation with other external entities, i.e. in an open model.
Agnieszka Sopińska
doaj +1 more source
[RETRACTED] Corporate governance, capital structure, and performance in family and non-family firms
This article was retracted due to the following reasons. A retraction announcement will be made in Vol 6 (1), 2023. RETRACTION TO: Putri, T. D., Jadmiko, P., Novianti, N., & Arista, G. T. (2022). Corporate governance, capital structure, and performance
Tyara Dwi Putri +3 more
doaj +1 more source
Are Family Firms More Levered? An Analysis of Family and Non-Family Firms
This study analyzes the leverage policies of the family and non-family firms of eight East Asian Economies (Hong Kong, Indonesia, Japan, Korea, Malaysia, Philippines, Singapore, and Taiwan) by using combined data of 690 family and non-family firms with 3,
Jahanzaib Haider +2 more
doaj +1 more source

