Environment-friendly practices: Family versus non-family firms

2021 ◽  
pp. 129689
Author(s):  
Mariarosaria Agostino ◽  
Sabrina Ruberto
Keyword(s):  
Family Firms ◽  
Environment Friendly ◽  
Family Versus

The Effects of Family Versus Career Role Salience on the Performance of Family and Nonfamily Firms

2009 ◽  
Vol 22 (1) ◽  
pp. 39-52 ◽  
Author(s):  
Tim Barnett ◽  
Kimberly Eddleston ◽  
Franz Willi Kellermanns
Keyword(s):  
Family Firms ◽  
Family Firm ◽  
Performance Outcomes ◽  
Theory And Practice ◽  
Future Research ◽  
Role Salience ◽  
Family Versus ◽  
Future Research Directions ◽  
Using Data ◽  
The Relationship

This study investigated how the relative salience of business owners' family and career roles might influence performance outcomes in family versus nonfamily firms. Using data from 156 family and nonfamily firms, the data show that family firm status moderates the relationships such that the career role salience of a business owner is positively and more strongly associated with performance outcomes in family firms than in nonfamily firms. Conversely, the data show that family firm status negatively moderates the relationship between the business owner's family role salience and expansion activities. Implications for theory and practice, as well as future research directions, are discussed.

Ambidextrous Search and Performance in Family Versus Non-family Firms: A Simulation Model

2018 ◽  
Vol 2018 (1) ◽  
pp. 14451
Author(s):  
Ambra Mazzelli ◽  
Antonio Messeni Petruzzelli ◽  
Manilo Del Giudice ◽  
Zaheer Khan
Keyword(s):  
Simulation Model ◽  
Family Firms ◽  
Family Versus ◽  
And Performance

scholarly journals Family ownership, governance choices and post-ipo performance

2017 ◽  
Vol 14 (4) ◽  
pp. 216-226
Author(s):  
Bharat A. Jain ◽  
Yingying Shao
Keyword(s):  
Initial Public Offering ◽  
Family Firms ◽  
Governance Mechanism ◽  
Investment Performance ◽  
Family Control ◽  
Ipo Performance ◽  
Family Versus ◽  
Long Run ◽  
Public Offering ◽  
Governance Choices

The purpose of this study is to evaluate the extent governance choices at the time of going public differ for family versus non family firms. In addition, the short and long-run performance of family and non-family firms after their initial public offering (IPO) is examined. The results indicate significant differences between family versus non-family firms on governance choices at the time of their IPO related to dual class structures, board composition, board size, and board leadership structure. Additionally, the results suggest that investors assign a lower valuation at IPO to family firms. Further, governance mechanism that strengthen family control differentially influence post-IPO underpricing. Finally, the results suggest that family firms underperform non-family firms in terms of long-run post-IPO investment performance.

Local Embeddedness and Rural-Urban Contexts for Business Growth in Family versus non-Family Firms

2018 ◽  
Vol 2018 (1) ◽  
pp. 13540 ◽  
Author(s):  
Francesco Chirico ◽  
Daniel Pittino ◽  
Massimo Bau' ◽  
Mikaela Backman ◽  
Johan Klaesson
Keyword(s):  
Family Firms ◽  
Business Growth ◽  
Family Versus ◽  
Local Embeddedness ◽  
Urban Contexts

Family Matters: Family versus Non-family Firms, Generational Differences, and the Entrenchment Index

2017 ◽  
Vol 2017 (1) ◽  
pp. 11148 ◽  
Author(s):  
Zhonghui Wang ◽  
Robert Van De Graaff Randolph ◽  
Esra Memili
Keyword(s):  
Generational Differences ◽  
Family Firms ◽  
Family Versus

Is It Better to Govern Managers via Agency or Stewardship? Examining Asymmetries by Family Versus Nonfamily Affiliation

2017 ◽  
Vol 30 (3) ◽  
pp. 262-283 ◽  
Author(s):  
Albert E. James ◽  
Jennifer E. Jennings ◽  
P. Devereaux Jennings
Keyword(s):  
Family Firms ◽  
Empirical Results ◽  
Family Versus ◽  
Effective Form ◽  
Asymmetric Responses

This article examines whether agency or stewardship is the more effective form of managerial governance within family firms. Synthesizing arguments regarding the differential tendencies of nonfamily versus family managers and the bifurcated manner in which they are likely to be governed, we propose asymmetric responses to agency versus stewardship mechanisms. Our empirical results provide evidence challenging common assumptions regarding the behavior exhibited by nonfamily versus family managers and the mechanisms by which each is governed. Although our findings also provide evidence of response asymmetry, they nevertheless point to the greater effectiveness of stewardship over agency governance irrespective of a manager’s family affiliation.

scholarly journals Measures of Value in Acquisitions: Family Versus Nonfamily Firms

2010 ◽  
Vol 23 (4) ◽  
pp. 341-354 ◽  
Author(s):  
Darya Granata ◽  
Francesco Chirico
Keyword(s):  
Empirical Research ◽  
Empirical Analysis ◽  
Family Firms ◽  
Family Firm ◽  
Superior Performance ◽  
Matched Pairs ◽  
Family Versus ◽  
The World

This article sheds light on the valuation of family firms when compared with nonfamily firms as acquisition targets. The authors argue that although the majority of theoretical and empirical research explicitly recognizes the prevalence and superior performance of family firms around the world, acquiring companies tend to regard family firms as unprofessional and inefficient organizations, thus negatively affecting their valuation when compared with nonfamily firm targets. Overall, the authors’ empirical analysis, based on a matched-pairs methodology and use of multiples, shows that acquiring companies favor the stagnation perspective rather than the stewardship perspective and thus pay less (i.e., acquire at a discount) for a family firm target than for a nonfamily firm target.

scholarly journals On external knowledge sources and innovation performance: Family versus non-family firms

Technovation ◽  
2022 ◽  
Vol 114 ◽  
pp. 102448
Author(s):  
Phuong-Anh Nguyen Duong ◽  
Wim Voordeckers ◽  
Jolien Huybrechts ◽  
Frank Lambrechts
Keyword(s):  
Family Firms ◽  
Innovation Performance ◽  
Knowledge Sources ◽  
External Knowledge ◽  
Family Versus
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