Identifying and classifying family businesses

Diéguez‐Soto, Julio; López‐Delgado, Pilar; Ramirez, Alfonso A. Rojo

doi:10.1007/s11846-014-0128-6

Cited by 74 publications

(33 citation statements)

References 76 publications

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“…This database collects annual balance sheet records from official registers for more than 1,250,000 Spanish businesses and some 4,00,000 Portuguese firms. Therefore, it is the reference data‐base for Spanish samples used in most studies of small and medium‐sized enterprises (SMEs) (Baños‐Caballero, García‐Teruel, and Martínez‐Solano ; Diéguez‐Soto, López‐Delgado, and Rojo‐Ramírez ; Garcia‐Tabuenca and Crespo‐Espert ; López‐Gracia and Sogorb‐Mira ; among others).…”

Section: Methodsmentioning

confidence: 99%

Does Family and Lone Founder Involvement Lead to Similar Indebtedness?

Diéguez‐Soto

López‐Delgado

2018

Journal of Small Business Management

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This study evaluates whether the presence of a lone founder and family involvement impact private firms’ leverage differently from a methodological view. Using a sample of 4,102 private firms in Spain and taking under consideration a panel data structure from 2006 to 2013, we find that lone founder and family involvement matter in capital structure decisions and size shapes the forementioned influence. Our findings show that lone founder involvement always implies higher debt than the rest of firms and suggest that firms with genuine family involvement are significantly low debt companies.

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Section: Methodsmentioning

confidence: 99%

Does Family and Lone Founder Involvement Lead to Similar Indebtedness?

Diéguez‐Soto

López‐Delgado

2018

Journal of Small Business Management

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“…Although family firm research is growing (Xi et al 2015), no common definition exists for the family firm (Harms 2014;Kraus et al 2011). Some researchers define a family firm according to ownership and family influence; others consider a firm's self-perception or familiness to determine whether it is a family firm (Diéguez-Soto et al 2015). Since these heterogeneous definitions have to be accounted for when interpreting the findings, the family firm definitions of the empirical articles included here were analyzed together with their respective research designs and empirical results.…”

Section: Family Firm Definitionsmentioning

confidence: 99%

Image and reputation of family firms: a systematic literature review of the state of research

Sageder

Mitter

Feldbauer‐Durstmüller

2016

Rev Manag Sci

213

191

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The special characteristics of family firms, such as the owning family's involvement and control or its strong identification with the business, make creating and preserving a good reputation desirable. Recent studies confirm the positive influence of a firm's reputation on organizational success and non-financial goals, such as customer retention and social capital. The image and reputation of family firms have been the subject of numerous studies. Despite increasing research intensity, a comprehensive overview of this topic is still lacking. This work provides an inventory of and structure for extant research on the image and reputation of family firms. To this end, a systematic literature analysis has been performed, which includes 73 papers from scientific journals from various business fields. Image and reputation are discussed in different theoretical and geographical contexts. Moreover, this contribution summarizes the ways in which the public perceives family firms and existing influencing factors, courses of action and impacts; in a subsequent step, this work integrates these findings into a model that can serve as starting point for future research activities.

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“…Nevertheless, shared vision and goals are specially associated with the level of family involvement [18]. We use family management as a proxy of family influence on decision-making, since we do not have a direct estimation of family vision and goals [113]. In particular, we use a dummy variable that takes a value of 1 when the CEO of the family firm is a family member, and a value of 0 when the family firm is managed by a professional manager outside of the family.…”

Section: Family Managementmentioning

confidence: 99%

Family Management and Firm Performance in Family SMEs: The Mediating Roles of Management Control Systems and Technological Innovation

et al. 2019

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The aim of this research is to analyze the mediating role of the use of management control systems (MCS) and the achievement of technological innovation (TI) in the relationship between family management and firm performance in family small and medium-sized enterprises (SMEs). A questionnaire was conducted by 617 managers of family SMEs in Spain, and our model was tested using partial least squares. Our findings show that both MCS and TI play crucial mediating roles in the understanding of the relationship between family management and firm performance. As a result, family-managed firms that utilize MCS and produce TI are much more likely to generate better performance. These results encourage family managers to use formal MCS because in that way they will contribute to obtaining better firm performance, directly and indirectly through TI. We focus on private family SMEs, because these specific firms contribute significantly to the economies worldwide. This paper contributes to resolve the controversy regarding the relationship between family management and firm performance introducing MCS and TI as mediating factors.

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Identifying and classifying family businesses

Cited by 74 publications

References 76 publications

Does Family and Lone Founder Involvement Lead to Similar Indebtedness?

Does Family and Lone Founder Involvement Lead to Similar Indebtedness?

Image and reputation of family firms: a systematic literature review of the state of research

Family Management and Firm Performance in Family SMEs: The Mediating Roles of Management Control Systems and Technological Innovation

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