Impact of family involvement in ownership management and direction on financial performance of the Lebanese firms

Salloum, Charbel; Bouri, Elie; Samara, Georges

doi:10.1016/j.ism.2013.08.003

Cited by 41 publications

(42 citation statements)

References 40 publications

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“…One CSR agenda is implemented by state‐owned large enterprises that align with the duality of the demands from the local society and the global arena, and another agenda is favoured by family‐owned SMEs and is often aimed at responding to local expectations and building a positive image within the local communities. The findings of this study are consistent with Samara, Jamali, Sierra, and Parada () and Charbel, Ellie, and Samara () who found that family‐owned businesses are more likely to have a strong attachment to their local communities, but these scholars extend their findings by suggesting that the nature of governance structures can either enhance or inhibit the firms’ ability to adopt a broad‐based sustainability agenda. Similarly, it is suggested that the nature of the NBS in the country in which it operates can determine whether a firm displays the explicit or implicit form of CSR (see also Hyatt & Berente, ; Jamali & Neville, ).…”

Section: Theoretical Perspectivessupporting

confidence: 89%

Greening the hospitality industry in the developing world: Analysis of the drivers and barriers

Mzembe

Melissen

Novakovic

2018

Business Ethics: A Eur Rev

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The implementation of sustainability agendas in the tourism and hospitality industry in developing countries has received little scholarly attention. Working to fill this gap, this paper provides a holistic analysis of the drivers of, and barriers to, sustainability initiatives in the Malawian hospitality industry. Drawing insights from the resource-based view and institutional theory, it highlights that tensions between global and local norms and values are as important as tensions between internal organizational factors and the isomorphic forces within the organizational fields for implementing sustainability agendas. The paper further reveals the mediating role played by firm size and ownership. It, thus, makes a contribution to the understanding of the role of business in society by focusing on the complex dynamics associated with the adoption of sustainability agendas in an under-researched context, and demonstrating how tensions between internal organizational factors and local societal expectations within the host countries can shape the nature and focus of the sustainability agenda itself.

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Section: Theoretical Perspectivessupporting

confidence: 89%

Greening the hospitality industry in the developing world: Analysis of the drivers and barriers

Mzembe

Melissen

Novakovic

2018

Business Ethics: A Eur Rev

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“…Pertama, anggota keluarga, sebagai pengendali perusahaan, cenderung berpandangan bahwa perusahaan merupakan asset yang perlu dilindungi agar dapat bertahan dalam jangka waktu yang lama. Hal ini disebabkan karena keluarga, sebagai pemilik perusahaan, memiliki keinginan untuk mewariskan perusahaan kepada keturunan mereka (Cheng, 2014 ;Charbel, et al, 2013;Dwiyanti, 2017). Kedua, anggota keluarga cenderung menjaga citra dan reputasi keluarga.…”

Section: Tinjauan Pustaka Teori Agensiunclassified

Pengaruh Kepemilikan Keluarga Dan Karakteristik Komite Audit Terhadap Manajemen Laba

Dwiyanti

Astriena

2018

Jurnal Riset Akuntansi Dan Bisnis Airlangga

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This study aims to examine the effect of family ownership and audit committee characteristics on earnings management. The independent variables in this study are family ownership, audit committee size, accounting expertise of audit commitee, and audit committee’s number of meetings. Earnings management as a dependent variable is measured by discretionary accrual as a proxy of earnings management. This study also uses leverage and size as control variables. The sample of this study are 81 manufacturing companies listed on Indonesia Stock Exchange (IDX) with data for a period of 2 years (2015-2016). Using multiple linear regression, this study finds family ownership, audit committee size, accounting expertise of audit committee and audit committee’s number of meetings have a negaticve effect on earnings management. This study contributes to the existing literature by providing new result related to the influence of family ownership and audit committee characteristics on earnings management practice. In addition, this study offer some useful insights for policy maker in determining the most effective policy to reduce earnings management.

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“…Indeed, while justice simply refers to adherence to rules of conduct, fairness refers to subjective perceptions of whether rules of conduct are ethical and fair (Goldman & Cropanzano, ). In this regard, family businesses, which can constitute up to 90% of enterprises worldwide (Charbel, Elie, & Georges, ; Samara & Arenas, ), are one particular organizational form where the distinction between justice and fairness is necessary. Indeed, family and business are two interconnected institutions that highly influence how family firms are managed and directed.…”

Section: Introductionmentioning

confidence: 99%

Justice versus fairness in the family business workplace: A socioemotional wealth approach

Samara

Paul

2018

Business Ethics: A Eur Rev

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The organizational justice literature and the family business literature have developed independently, which limits our understanding of fairness and justice in the family business workplace. So far, the concepts of justice and fairness have been used interchangeably in the family business literature, as if objective measures that aim to increase justice in the workplace will automatically translate into fairness perceptions among family business employees. By integrating the organizational justice literature and the family business literature, we first differentiate between the two concepts of justice and fairness and argue that a utilitarian conceptualization of justice may come into direct conflict with fairness perceptions in the family business workplace. Second, we shed light on the importance of incorporating socioemotional goals, particularly those that reveal a bright side of socioemotional wealth, into rules and regulations designed to increase justice in the workplace, which, we argue, contributes to increasing fairness perceptions among employees and to building and maintaining an ethical family business workplace. Theoretical and practical contributions are discussed at the end of the paper.

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Impact of family involvement in ownership management and direction on financial performance of the Lebanese firms

Cited by 41 publications

References 40 publications

Greening the hospitality industry in the developing world: Analysis of the drivers and barriers

Greening the hospitality industry in the developing world: Analysis of the drivers and barriers

Pengaruh Kepemilikan Keluarga Dan Karakteristik Komite Audit Terhadap Manajemen Laba

Justice versus fairness in the family business workplace: A socioemotional wealth approach

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