How Family Firms Differ [electronic resource] : Structure, Strategy, Governance and Performance /
Bhaumik, S.author.
Dimova, R.author.
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.
Description based upon print version of record.
Cover; How Family Firms Differ; Contents; List of Figures and Tables; Acknowledgements; 1: Family Firms; 1.1 Conceptualisation and identification of family firms; 1.2 Formation and persistence of family firms; 1.4 What is different about family firms?; 2: Agency Problems and Familiness; 2.1 Agency view of unified family stakeholder; 2.2 The family as an altruistic entity; 2.3 Intra-family contracts; 2.4 Strategic and competitive implications of familiness; 3: Strategic Implications of Familiness; 3.1 Financing decisions; 3.2 Internationalisation; 3.3 Implications for firm performance
4: Family Involvement and Firm Performance4.1 Impact of family ownership on performance; 4.2 The literature; 4.3 Meta-analysis; 4.4 Familiness and succession; 5: Familiness in Future Research; 5.1 Modelling familiness; 5.2 Measuring familiness; 5.3 Familiness within family business groups; 5.4 Final word; References; 1 Family Firms; 2 Agency Problems and Familiness; 3 Strategic Implications of Familiness; 4 Family Involvement and Firm Performance; 5 Familiness in Future Research; Index
Includes bibliographical references and index.
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.
Leadership.
International business enterprises.
Management.
Small business.
International economics.
Organization.
Planning.
Business Strategy/Leadership.
International Business.
Management.
Small Business.
International Economics.
Organization.