Key financial performance indicators in German family firms: findings of an empirical study

2020 ◽  
Vol 24 (1) ◽  
pp. 105
Author(s):  
Bernd Britzelmaier ◽  
Lars Andraschko ◽  
Fabian List ◽  
Odile Barbe
Keyword(s):  
Empirical Study ◽  
Financial Performance ◽  
Performance Indicators ◽  
Family Firms ◽  
German Family

Is Diversity Management Related to Financial Performance in Family Firms?

2015 ◽  
Vol 28 (3) ◽  
pp. 243-259 ◽  
Author(s):  
Manisha Singal ◽  
Virginia W. Gerde
Keyword(s):  
Financial Performance ◽  
Performance Indicators ◽  
Family Firms ◽  
Management Practices ◽  
Corporate Strategy ◽  
Diversity Management ◽  
Set Covering ◽  
Data Set ◽  
Listed Firms ◽  
Management Policies

Policies and practices designed to foster diversity in organizations are now well integrated into a firm’s corporate strategy. In this article, we examine the role diversity management policies play in the financial performance of family firms, based on the premise that family firms have unique goals and governance structures that may affect the adoption of such policies. Using a longitudinal data set covering 952 publicly listed firms and multidimensional measures for diversity and financial performance, our empirical analyses suggest that family firms underperform nonfamily firms on diversity performance indicators. Interestingly, however, we find that the weaker diversity management practices of family firms may contribute to their robust financial performance.

Sustainability Disclosure and the Financialization of Social Sustainability

2021 ◽  
Vol 0 (0) ◽  
Author(s):  
Daniela Woschnack ◽  
Stefanie Hiss ◽  
Sebastian Nagel ◽  
Bernd Teufel
Keyword(s):  
Content Analysis ◽  
Empirical Study ◽  
Financial Performance ◽  
Financial Market ◽  
Empirical Data ◽  
Qualitative Content Analysis ◽  
Social Sustainability ◽  
Rating Agencies ◽  
Sustainability Disclosure ◽  
Definition Of

Abstract This empirical study explores the financialization of social sustainability driven by sustainability accounting and reporting initiatives (SARIs). Since no globally accepted definition of what social sustainability encompasses exists, the paper asks how social sustainability is translated into the financial market language by SARIs as they provide standards for disclosing corporate non-financial performance and promote their concepts of social sustainability. The paper uses a two-step qualitative content analysis. First, it operationalizes social sustainability based on the empirical data of six sustainability rating agencies. Second, this operationalization is compared with the concepts created by three SARIs. The paper shows significant differences between the concepts of the SARIs and the rating agencies. While the rating agencies altogether interpret social sustainability with 83 distinct aspects, the SARIs, although differently created, use significant reduced concepts where 20% of these aspects are absent. The result of this financialization process could be a simplified and financially determined concept of social sustainability within die socially discourse. The research is limited to social sustainability and its financialization by SARIs. Individual indicators and their way or intensity to capture aspects of social sustainability were not part of the research interest. Further research should investigate the economic and the ecological pillars of sustainability as well as the usage of such financialized concepts within the society and especially by corporations. The paper unfolds the arbitrariness of operationalizing a qualitative phenomenon like social sustainability through the financial system. It discloses the need for looking at the mechanisms behind such processes and at the interests of the actors behind the frameworks. The paper reveals the financialization process driven by SARIs and demonstrates its simplifying effects on the concept of social sustainability. Furthermore, the paper shows that SARIs as metrics for non-financial aspects are troubled with a lack of transparency and a lack of convergence.

Family firms and financial performance: The cost of growing

2012 ◽  
Vol 13 (4) ◽  
pp. 626-649 ◽  
Author(s):  
Maximiliano González ◽  
Alexander Guzmán ◽  
Carlos Pombo ◽  
María-Andrea Trujillo
Keyword(s):  
Financial Performance ◽  
Family Firms ◽  
The Cost
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