2018

Financing Decisions by Family Owned Business: A Closer Look

Chang, George -Grand Valley State University

Not Yet Published

2013

Good Practices in Family Business Governance Structure and Its Impact on Financial Performance

Moreno Gomez, Jorge Isaac -Corporación Universidad de la Costa, Colombia

Las buenas prácticas de gobierno corporativo en las empresas familiares y su impacto en la rentabilidad y la riqueza socioemocional (Good corporate governance practices in family businesses and their impact on profitability and socio-emotional wealth)

Producción científica y académica, Universidad de la Costa, CUC (Scientific and academic production, University of the Coast, CUC)

2017

Las empresas familiares (EF) son la forma más predominante de organización empresarial en todo el mundo, y contribuyen ampliamente a la creación de riqueza mundial (IFERA, 2003). Las investigaciones sobre la EF son impulsadas por la creencia de que la participación familiar en las empresas influye significativamente en los procesos de organización y de política corporativa, lo que hace a las EF teóricamente distintas de sus contrapartes no familiares (Chrisman et al., 2005; Chua et al., 1999). Las EF en la mayoría de los países del mundo juegan un papel fundamental en el desarrollo económico y social (Shanker & Astrachan, 1996; Gersick et al., 1997; Astrachan & Shanker, 2003). En el contexto colombiano, las EF representan el 70% de las empresas del país (Superintendencia de Sociedades, 2006), aportan el 70 % de los empleos de las empresas del sector productivo y contribuyen con más del 50% del Producto Interno Bruto (PIB) (Cala, 2005).

Good Practices in Family Business Governance Structure and its Impact on Financial Performance

2008

Effects of Hedge Fund Investment in Founding Family Controlled Firms

Sundaram,Sridhar - Grand Valley State University

Not Yet Published

2004

Do Agency Costs Inhibit Foreign Collaborations by Family Firms: An Empirical Investigation

Singh, Hari - Grand Valley State University

Not Yet Published

2003

Family Businesses and Employment Stability: An Empirical Examination

Lee, Jim - Texas A&M University Corpus Christi

Family Firm Performance: Further Evidence

Family Business Review

June 2006

This article empirically investigates the competitiveness and stability of family-owned firms relative to firms owned by diverse shareholders. Founding families are present in about one-third of the S&P 500-the sample of this study. Data gathered over the 1992-2002 period confirm that family firms tend to experience higher employment and revenue growth over time and are more profitable. Regression analysis also supports that firm performance improves when founding family members are involved in management. Although evidence on the relative stability in employment among family firms over the long run is tenuous, data from the most recent recession support the role that founding families play in maintaining employment stability during temporary market downturns.

Family Businesses and Employment Stability: An Empirical Examination