Arbeitspapier
Family firms as kinship enterprises
Evidence from around the globe shows that family firms are enduring, resilient forms of profit-seeking and not an archaic, transient form that will inevitably disappear. Social science research has tended to characterize the family values of these firms as producing "efficiency distortions" that adversely affect their financial performance. The author suggests an alternative heuristic approach of treating family firms as kinship enterprises that endure beyond the life of the firm. This approach enables us to understand how the timing of decisions about capital accumulation, expansion and diversification, as well as managerial organization, are shaped by kinship sentiments and intergenerational commitments without setting up an opposition between economic and kinship goals.
- Sprache
-
Englisch
- Erschienen in
-
Series: Economics Discussion Papers ; No. 2019-12
- Klassifikation
-
Wirtschaft
Relation of Economics to Social Values
Social Economics‡
Firm Behavior: Empirical Analysis
Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making‡
Business Objectives of the Firm
Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification
- Thema
-
family firms
kinship
Italian firms
Italian-Chinese joint enterprises
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Yanagisako, Sylvia
- Ereignis
-
Veröffentlichung
- (wer)
-
Kiel Institute for the World Economy (IfW)
- (wo)
-
Kiel
- (wann)
-
2019
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Yanagisako, Sylvia
- Kiel Institute for the World Economy (IfW)
Entstanden
- 2019
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