Artikel

The influence of family control on decisions regarding the specialization and diversification of business groups

This study analyses the impact of family control on decisions regarding the specialization and diversification of large business groups whose parent companies are listed on Spanish stock exchanges. Using a sample of ninety-nine companies, having identified the companies that constitute the business group, and using both binary logistic models and the Heckman two-step method to eliminate selection bias, the results show how the familial nature of the parent company favours specialization and reduces the level of the business group's diversification. In addition, we see that there are differences among family groups with respect to the concentration of their holdings in that a higher level of concentration increases the level of diversification in the family business group."

Sprache
Englisch

Erschienen in
Journal: BRQ Business Research Quarterly ; ISSN: 2340-9436 ; Volume: 19 ; Year: 2016 ; Issue: 2 ; Pages: 73-89 ; Barcelona: Elsevier España

Klassifikation
Management
Thema
Family business
Business group
Specialization
Diversification

Ereignis
Geistige Schöpfung
(wer)
Hernández-Trasobares, Alejandro
Galve Górriz, Carmen L.
Ereignis
Veröffentlichung
(wer)
Elsevier España
(wo)
Barcelona
(wann)
2016

DOI
doi:10.1016/j.brq.2015.09.001
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

  • Hernández-Trasobares, Alejandro
  • Galve Górriz, Carmen L.
  • Elsevier España

Entstanden

  • 2016

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