Governing family enterprises and implications for performance - a financial perspective

Governing family enterprises and implications for performance - a financial perspective
Author: Oliver Bruemmer
Publisher: GRIN Verlag
Total Pages: 56
Release: 2008-04-09
Genre: Business & Economics
ISBN: 3638034275

Bachelor Thesis from the year 2008 in the subject Business economics - Investment and Finance, grade: 1,9, European Business School - International University Schloß Reichartshausen Oestrich-Winkel, language: English, abstract: Small and medium-sized enterprises (SMEs) represent the engine of Germany’s economy. Despite the fact that business magazines and newspapers appear to favor covering large international companies, public awareness of formerly in the background operating enterprises has risen within the last years. People are increasingly aware of the im-portance of smaller businesses. They notice that not only do smaller companies secure employment and wealth in their specific region of operation, but they also provide the overall economy with more employment than their multinational counterparts. An important group of SMEs are the so-called family enterprises. A significant proportion of family enterprises have become global players themselves and have even ex-celled, in their particular field, to world market leaders. Besides Porsche and Villeroy & Boch, as two typical German examples of formerly small family enterprises which have developed continuously from regional to worldwide-operating businesses, many others could be named to illustrate this stunning development of family-owned businesses. Paralleling the successful development of family businesses, researchers and practitioners alike have drawn their attention to the nature and particularity of family businesses.

Family Enterprise

Family Enterprise
Author: The Family Firm Institute, Inc
Publisher: John Wiley & Sons
Total Pages: 192
Release: 2013-11-25
Genre: Business & Economics
ISBN: 1118730925

A thorough explanation of how family enterprises work The family enterprise, whether an operating business, a family office, or both, is the backbone of the US and international economies. These enterprises cut across industries and geographies and can be first-generation entrepreneurial companies or multi-generational businesses with family offices. This book offers a foundation in and understanding of how family enterprises work, including working definitions and the key characteristics of family enterprises, as well as useful concepts for working with and in family enterprises, either as a professional or as a family member. Written by the experts at the Family Firm Institute, a global network of professionals, educators, researchers, and owners of family enterprises An ideal resource for professionals in law, finance, management, and behavioral science, family office and fund managers, and others interested in an multidisciplinary approach to this field

The SAGE Handbook of Family Business

The SAGE Handbook of Family Business
Author: Leif Melin
Publisher: SAGE
Total Pages: 697
Release: 2013-11-15
Genre: Business & Economics
ISBN: 1446265935

The SAGE Handbook of Family Business captures the conceptual map and state-of-the-art thinking on family business - an area experiencing rapid global growth in research and education since the last three decades. Edited by the leading figures in family business studies, with contributions and editorial board support from the most prominent scholars in the field, this Handbook reflects on the development and current status of family enterprise research in terms of applied theories, methods, topics investigated, and perspectives on the field′s future. The SAGE Handbook of Family Business is divided into following six sections, allowing for ease of navigation while gaining a multi-dimensional perspective and understanding of the field. Part I: Theoretical perspectives in family business studies Part II: Major issues in family business studies Part III: Entrepreneurial and managerial aspects in family business studies Part IV: Behavioral and organizational aspects in family business studies Part V: Methods in use in family business studies Part VI: The future of the field of family business studies By including critical reflections and presenting possible alternative perspectives and theories, this Handbook contributes to the framing of future research on family enterprises around the world. It is an invaluable resource for current and future scholars interested in understanding the unique dynamics of family enterprises under the rubric of entrepreneurship, strategic management, organization theory, accounting, marketing or other related areas.

Family Business Governance

Family Business Governance
Author: John L. Ward
Publisher: Macmillan
Total Pages: 106
Release: 2011-01-04
Genre: Business & Economics
ISBN: 0230116019

While every family business is unique, embracing systematic governance processes can help any family business achieve goals shared by virtually all: orderly decision-making, peaceful continuity, and the freedom to make decisions based on the highest and best purposes of both the business and the family.

Governance in Family Enterprises

Governance in Family Enterprises
Author: A. Koeberle-Schmid
Publisher: Springer
Total Pages: 286
Release: 2013-12-02
Genre: Business & Economics
ISBN: 113729390X

Presents a comprehensive overview of governance in family enterprises including practical management knowledge in easy-to-use frameworks and interviews with renowned family enterprise owners and managers. Readers will benefit from the book's systematic approach and the opportunity to learn from the experience of other family enterprises.

Family Influence on Performance of Family Small and Medium Enterprises

Family Influence on Performance of Family Small and Medium Enterprises
Author: Ana Paula Matias Gama
Publisher: Springer Nature
Total Pages: 126
Release: 2021-05-19
Genre: Business & Economics
ISBN: 9813348461

This book examines the relationship between family influence and financial performance and non-economic goals in small and medium family-owned enterprises (SME) in Portugal. Research on the performance of family-owned firms is growing but results are mixed, especially for non-listed companies. This book examines smaller family-owned firms that operate in a small, open economy, characterised by a context of relatively weak capital markets and predominantly bank-based financing. Delving into the impact of key variables such as the power dimension, experience and culture on performance establishes, the book goes on to analyse the determinants of performance in such family-owned SMEs. Given the importance of family firms to open economies, this book would be a valuable read to scholars aiming to understand the reasons behind their success, managers seeking out strategic and operational guidance and to regulators and policymakers at the regional and national levels.

Management Controlling and Governance of Family Businesses

Management Controlling and Governance of Family Businesses
Author: Antonio Leotta
Publisher: Springer Nature
Total Pages: 228
Release: 2020-08-18
Genre: Business & Economics
ISBN: 303047741X

This book addresses a selection of major topics in family businesses, namely ‘managerialization’ and ‘professionalization’, succession, internationalization, access to financial markets, and how governance and control systems can help family firms respond to common problems inherent in the business. Written by prominent experts, the respective chapters highlight the interactions between these topics in order to develop a systems view of the distinctive challenges, and of the potential roles that governance and control systems can play in these contexts. The book is divided into two main parts, the first of which reviews the current literature and develops a comprehensive theoretical framework. Based on these theoretical insights, the second part then interprets and discusses the empirical evidence, including case studies on family-run firms in Italy.

Governing the Family Enterprise

Governing the Family Enterprise
Author: Dennis Jaffe
Publisher:
Total Pages: 76
Release: 2017-03-01
Genre:
ISBN: 9781544030371

Upon reaching the third generation, enterprising families face a set of new challenges. Internal and external forces threaten the family's ability to continue as partners. But the potential for what they can do if they decide to continue is incredible. A family reaching this milestone faces a choice point-should we continue together as a financial or business entity, or just distribute what we have and let each household move forward in their own way? A few courageous families make a conscious decision to continue united. By sharing the experience of families who have successfully crashed through this barrier, we offer a roadmap of the hard work and expansive outcomes that result.

Performance and Behavior of Family Firms

Performance and Behavior of Family Firms
Author: Esra Memili
Publisher: MDPI
Total Pages: 174
Release: 2018-03-23
Genre: Business & Economics
ISBN: 3038427810

This book is a printed edition of the Special Issue "Performance and Behavior of Family Firms" that was published in IJFS

Understanding Family Businesses

Understanding Family Businesses
Author: ALAN CARSRUD
Publisher: Springer Science & Business Media
Total Pages: 333
Release: 2011-10-29
Genre: Business & Economics
ISBN: 146140911X

Businesses owned and operated by families constitute the vast majority of firms around the world. These firms are found in all industrial segments, from retail and service establishments to heavy manufacturers. Their sizes and revenues range from the smallest venture of a husband and wife roadside food stall in rural India to the largest multinational, highly diversified corporations in the United States and Europe. Many challenges, such as competition, regulation, environmental concerns, access to capital, and macroeconomic factors confront family and nonfamily firms alike. In addition, family and closely-held firms grapple with such issues of succession, continuity, conflict resolution, identity and organizational roles, estate and financial planning that are idiosyncratic to them; when psychological, social, and emotional factors are in play, constantly changing familial relationships influence the strategic and financial choices they make. Yet, there has been comparatively little theoretical or empirical research undertaken on family firms, relative to entrepreneurship and strategic management. This book addresses gaps in the literature by presenting a holistic, multi-disciplinary approach to the study and practice of family business that draws from such fields as psychology, anthropology, sociology, strategy, family therapy, family studies, wealth management, and international business. An international array of experts addresses both macro issues (including the role of family businesses in new business creation and economic development, influences of culture on family business, public policies that can encourage or threaten family business) and firm management (strategic and financial decision making, governance, entering and exiting). Featuring case studies from firms in a variety of industries, Understanding Family Businesses not only offers provocative new insights on family business dynamics, but outlines an agenda for future research.