Artikel

Diversification decisions among family firms: The role of family involvement and generational stage

While prior literature has focused on whether family firms are more or less inclined to diversification than non-family firms, the examination of differences in diversification among family firms has received much less attention. We analyze how family involvement (in ownership, control, and management) and the generational stage in the company (first versus later generations) influence diversification among family firms. The empirical evidence is provided by a sample of publicly listed family firms from the EU. Our results show that larger levels of family involvement in the firm are associated with lower diversification. Furthermore, first-generation family firms are found to be less diversified than their later-generation counterparts."

Sprache
Englisch

Erschienen in
Journal: BRQ Business Research Quarterly ; ISSN: 2340-9436 ; Volume: 21 ; Year: 2018 ; Issue: 1 ; Pages: 39-52 ; Barcelona: Elsevier España

Klassifikation
Management
Thema
Family firms
Family involvement
Generation
Heterogeneity
Diversification

Ereignis
Geistige Schöpfung
(wer)
Muñoz-Bullón, Fernando
Sanchez-Bueno, Maria J.
Suárez González, Isabel
Ereignis
Veröffentlichung
(wer)
Elsevier España
(wo)
Barcelona
(wann)
2018

DOI
doi:10.1016/j.brq.2017.11.001
Handle
Letzte Aktualisierung
10.03.2025, 11:44 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Artikel

Beteiligte

  • Muñoz-Bullón, Fernando
  • Sanchez-Bueno, Maria J.
  • Suárez González, Isabel
  • Elsevier España

Entstanden

  • 2018

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