The Family Firm

The Family Firm

Navigate the primary school years with bestselling author Emily Oster.

Author: Emily Oster

Publisher:

ISBN: 1788165861

Category:

Page: 320

View: 150

THE INSTANT NEW YORK TIMES BESTSELLERFrom age 5 to 12, parenting decisions get more complicated and have lasting consequences. What's the right kind of school? Should they play a sport? When's the right time for a phone?Making these decisions is less about finding the specific answer and more about taking the right approach. Along with these bigger questions, Oster investigates how to navigate the complexity of day-to-day family logistics. The Family Firm is a smart and winning guide to how to think more clearly - and with less ambient stress - about the key decisions of these early years.
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The Power of Communicating the Family Firm Status

The Power of Communicating the Family Firm Status

The Positive Effect of Family Firms as a Brand on Consumer Buying Behavior and Consumer Happiness Margarete Rosina. In summary, the “family” component appears to make family firms act and behave differently due to (family and firm) ...

Author: Margarete Rosina

Publisher: Springer

ISBN: 9783658196998

Category: Business & Economics

Page: 188

View: 818

Margarete Rosina investigates whether it makes sense for family firms to communicate their family firm status to consumers. To do so, she conducts two experimental studies using a sample of 349 consumers. Using a branding perspective, the first study looks at whether consumers perceive family firm brands as more authentic and why and how this influences their buying behavior. The second study applies a consumer happiness perspective and investigates whether family firms signal prosocial behaviors related to “doing good”, namely being a good employer and socially responsible, and whether this, in turn, leads to higher levels of consumer happiness when buying from family firms. Both studies indicate that the family firm status can be of strategic value for family firms.
Categories: Business & Economics

Signaling Family Firm Identity

Signaling Family Firm Identity

Familiy Firm Identification and its Effects on Job Seekers' Perceptions about a Potential Employer Sandra Wolf ... In the case of family firms naming their company after the (founding) family, the brand name is an explicit brand signal.

Author: Sandra Wolf

Publisher: Springer

ISBN: 9783658206727

Category: Business & Economics

Page: 163

View: 976

Sandra Wolf develops a better understanding of the importance of clearly communicating family influence. She examines the efficacy of brand elements that signal family influence and that help external stakeholders to identify a family firm. An experiment with 543 students in Germany and Switzerland is carried out to empirically test the derived hypothesis. The results highlight two important findings. Firstly, the importance of a family firm tagline as well as the family name as brand elements are able to signal "family firm" and this helps potential employees to immediately categorize the potential employer. Secondly, a positive relationship between the identification of a family firm and applicant attraction was confirmed as to that the relationship is serially mediated by perceived brand authenticity and perceived benevolence.
Categories: Business & Economics

A Strategic Fit Perspective on Family Firm Performance

A Strategic Fit Perspective on Family Firm Performance

First, in family firms, the family tends to have most of its wealth invested in the firm and thus bears the full financial burden of failed investments.521 Consequently, necessary but risky strategic decisions may not be pursued due to ...

Author: Corinna M. Lindow

Publisher: Springer Science & Business Media

ISBN: 9783834933560

Category: Business & Economics

Page: 286

View: 558

Corinna M. Lindow substantiates, develops, and tests a strategic fit perspective on family firm performance in order to contribute to explaining previous inconclusive findings. In particular, she aims at investigating whether strategic fit determines family firm performance and what role family influence plays. Based on a sample of German family firms, the author indicates that, against expectations, family firms’ performance is not driven by strategic fit but through the effective use of family-specific factors such as family business governance and family culture. Further, the results suggest that family influence has important implications for strategy, organizational structure, and the achievement of strategic fit.
Categories: Business & Economics

Family Firm Internationalisation

Family Firm Internationalisation

Subsequently, we discuss each case firm under either the low, medium, or high SEW categories. 2.2.1 Family Firms with Low SEW Wood A is a 50% family-owned manufacturer of wooden profile structures and frames for windows.

Author: Tanja Leppäaho

Publisher: Springer Nature

ISBN: 9783030285203

Category: Business & Economics

Page: 139

View: 492

Drawing on a series of case studies from Finland, this book examines the role of networking in the internationalisation process of family firms. Providing a comprehensive overview of recent literature alongside the empirical analysis of 24 family firms, the authors use theoretical concepts from family business research to create a model specifically for the internationalisation and networking of family firms. An insightful read for those interested in international and small business, this book offers practical implications for the successful internationalisation of family firms and sets the agenda for future research in the field of family business.
Categories: Business & Economics

Private Equity Minority Investments An Attractive Financing Alternative for Family Firms

Private Equity Minority Investments  An Attractive Financing Alternative for Family Firms

Family firms are known for having strong ties to their employees and for their capability of building high levels of social and human ... This can cause the family firm to forgo profits because resources are not economically allocated.

Author: Alexander M. Franke

Publisher: Diplomica Verlag

ISBN: 9783959346214

Category: Business & Economics

Page: 97

View: 280

Private equity minority investments have become an increasingly attractive financing alternative for family firms. However, admitting a private equity investor as a minority shareholder seems to contradict with the objective of the owner family to preserve their continuous and unlimited influence on the businesses since they must at least partially cede control over the firm to the private equity investor. Therefore, the purpose of this book is to identify the primary decision drivers for family firm entrepreneurs in seeking private equity financing despite the therein related partial loss of control. By giving special consideration to the potential cooperation mechanisms between the shareholders, this book goes beyond the scope of previous studies. Cooperation is thereby considered as a prerequisite for the success of minority investments because due to its minority position, the private equity investor is not able to implement its value creation strategy against the will of the family firm entrepreneur.
Categories: Business & Economics

The Palgrave Handbook of Heterogeneity among Family Firms

The Palgrave Handbook of Heterogeneity among Family Firms

affects the risk-taking behavior of the family firm. Life-cycle stage theory (Miller and Friesen 1980) might explain how changes over time affect the firms' behavior toward risk. And upper echelon theory (Hambrick and Mason 1984) could ...

Author: Esra Memili

Publisher: Springer

ISBN: 9783319776767

Category: Business & Economics

Page: 1023

View: 899

This handbook is the definitive source of research on the differences among family firms. It provides a timely and thorough investigation of the variant strategies and behaviors undertaken by family firms today, taking a closer look at different configurations of family involvement and how they influence outcomes and success. While studies on differences between family and non-family firms are deeply rooted in the literature, this handbook uniquely examines the family firm heterogeneity research to date and the inner firm governance, financial and non-financial objectives, and strategies such as innovation, competitive dynamics, internationalization, and human resources management. The handbook pulls together the work of the most prominent names in family business from around the world, separating itself from the competition both in content and geographical scope. Future research directions provided in each chapter will spark further interdisciplinary scholarly work, and will be enlightening for researchers, educators, and practitioners who are currently limited to the narrow and exclusive literature and advance the burgeoning research on this important topic.
Categories: Business & Economics

Long term Orientation of Family Firms

Long term Orientation of Family Firms

42 43 stake; correspondingly, a 10% ownership stake in a listed firm gives more power than a 10% ownership stake in a non-listed firm. Thus, most researchers agree that the ownership stake to make a firm a family firm should be lower in ...

Author: Jörn Block

Publisher: Springer Science & Business Media

ISBN: 9783834984128

Category: Business & Economics

Page: 250

View: 551

Family firms are commonly assumed to be more long-term oriented than comparable non-family firms. Joern Block analyzes this phenomenon in more detail and investigates whether and under which conditions family firms pursue more long-term oriented strategies than other firms.
Categories: Business & Economics

Outside Director Compensation in German Public Family Firms

Outside Director Compensation in German Public Family Firms

In the literature, there are two opposing views on the trajectory of family members' emotional attachment to the firm over time. Some scholars argue that as the distance between the founder and his kin grows, the commitment and ...

Author: Pascal Engel

Publisher: Springer

ISBN: 9783658073169

Category: Business & Economics

Page: 181

View: 238

Pascal Engel investigates how outside directors are incentivized in family firms that are publicly listed but still partly owned by members of the founding family. Owning families significantly influence their firms' corporate conduct with their own set of goals, sometimes in conflict with economically driven goals of the capital markets. The author analyzes how family shareholders exert their influence on compensation schemes of outside directors who have the difficult task to protect the interests of family and non-family shareholders. This book provides insights on current approaches of defining a compensation scheme that attracts qualified outside directors but concurrently reflects respective shareholders' preferences.
Categories: Business & Economics

Family Firms and Private Equity

Family Firms and Private Equity

Cases Description of exemplary Family Firm Acquisition Targets Value of NFO Value of FoAR Value of MM Value of Family Firm No 1 "Family Firm Performer" • The family firm is owned and largely managed by family members since two ...

Author: Oliver Ahlers

Publisher: Springer

ISBN: 9783658040949

Category: Business & Economics

Page: 239

View: 112

Family firms are of particular importance for many economies. We know little about family firm buyouts and how they are different from non-family firm buyouts. Oliver Ahlers investigates this under-researched topic. After a comprehensive literature review on family firm buyouts, the focus of his book is on the key steps of the investment process such as family firm valuation and negotiations between PE investors and family sellers. Additionally, it is investigated how “soft factors” such as trust, reputation or commitment could play an important role when PE and family firms interact. Throughout the book, differences between family and non-family firm buyouts are highlighted.
Categories: Business & Economics