Family matters: are family firms distinguished in environments with resource constraints?
Family Firms (FF) have received significant attention as organizations that distinguish themselves due to the overlap between ownership, operation and family aspects that determine strategy. While it is established that FF are more conservative with risk, and concentrate ownership within trusted cir...
| Published in: | AD-minister |
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| Main Author: | |
| Format: | Article in Journal/Newspaper |
| Language: | English |
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Universidad EAFIT
2023
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| Subjects: | |
| Online Access: | https://publicaciones.eafit.edu.co/index.php/administer/article/view/7792 https://doi.org/10.17230/Ad-minister.42.3 |
| Summary: | Family Firms (FF) have received significant attention as organizations that distinguish themselves due to the overlap between ownership, operation and family aspects that determine strategy. While it is established that FF are more conservative with risk, and concentrate ownership within trusted circles; they remain interesting for more risky activities such as International Entrepreneurship (IE). With island environments often being overlooked, they offer distinguishing environments that can further inform the academic community as to how FF behave with regards to opportunities beyond domestic markets. Island markets are, due to small size, on the receiving end of global developments, and have alternative priorities. This study examines 250 firms located in ten islands, Bahamas, Bahrain, Barbados, Cyprus, Iceland, Fiji, Jamaica, Malta, Mauritius, and Trinidad/Tobago over the 2009-2020 period, and addresses how the island FF performs vis a vis Non-Family Firms (NFF). The study finds evidence in support of FF balancing financial and non-financial indicators. Las Empresas Familiares (EF) han recibido una atención significativa como organizaciones que se distinguen por la superposición entre propiedad, operación y aspectos familiares que determinan la estrategia. Aunque está establecido que las EF son más conservadoras en cuanto al riesgo y concentran la propiedad en círculos de confianza, siguen siendo interesantes para actividades más arriesgadas como el Emprendimiento Internacional (EI). Dado que los entornos insulares suelen pasarse por alto, ofrecen entornos distintivos que pueden proporcionar más información a la comunidad académica sobre cómo se comportan las EF en relación con las oportunidades más allá de los mercados nacionales. Los mercados insulares, debido a su pequeño tamaño, están en el extremo receptor de los desarrollos globales y tienen prioridades alternativas. Este estudio examina 250 empresas ubicadas en diez islas: Bahamas, Baréin, Barbados, Chipre, Islandia, Fiyi, Jamaica, Malta, Mauricio y ... |
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