Performance and Behavior of Family Firms / / edited by Esra Memili.

• TeilnehmendeR: Memili, Esra,
• Place / Publishing House: Basel : : MDPI,, 2018.; ©2018
• Year of Publication: 2018
• Language: English
• Physical Description: 1 online resource (v, 172 pages) :; illustrations

Family involvement characterizes a large number of firms around the world and is thought to significantly impact their strategies, behavior, and performance. Family involvement occurs when a family exerts control over the firm through ownership and management. When family involvement leads to intentions to pursue particularistic goals and strategies, controlling families are more likely to exert a significant influence on firm strategies, behavior, and performance. Indeed, intentions imply that a firm's strategic behaviors will be oriented toward preserving the economic and socioemotional value of the firm for the family in the long term. Hence, the "essence" of a family firm is thought to be a function of a family's influence on the culture, functioning, and behavior of the firm owing to the pursuit of a family's vision for the firm. As a result, family firm behavior is expected to be distinct from those in non-family firms. Despite the inherent differences between family and non-family firms and heterogeneity among family firms, family involvement is under-researched in organizational studies, which limits the generalization of findings and leads to theoretical ambiguity. Financial strategic decisions and activities may be key to understanding differences between family and non-family firms. Therefore, we invited researchers to shed light on how a family uses its influence to affect financial strategies, behavior, and firm performance.

Table of Contents

Esra Memili -- Esra Memili and Kaustav Misra -- Juan Manuel San Martin-Reyna and Jorge A. Duran-Encalada -- Britta Boyd, Isabel C. Botero and Tomasz A. Fediuk -- Jacek Lipiec -- Gerard Hirigoyen and Thierry Poulain-Rehm -- Magdy Noguera and Erick Paulo Cesar Chang -- Jin-Hui Luo and Heng Liu -- Henrik Harms.