Performance and Behavior of Family Firms by Esra MemiliPerformance and Behavior of Family Firms by Esra Memili

Performance and Behavior of Family Firms

Guest editorEsra Memili

Paperback | March 23, 2018

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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.

Title:Performance and Behavior of Family FirmsFormat:PaperbackProduct dimensions:172 pages, 9.61 × 6.69 × 0.47 inShipping dimensions:9.61 × 6.69 × 0.47 inPublished:March 23, 2018Publisher:MDPI AGLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:3038427810

ISBN - 13:9783038427810