標題: The family business map: Framework, selective survey, and evidence from Chinese family firm succession
作者: Bennedsen, Morten
Fan, Joseph P. H.
Jian, Ming
Yeh, Yin-Hua
資訊管理與財務金融系 註:原資管所+財金所
Department of Information Management and Finance
關鍵字: Family firms;Family assets;Roadblocks;Succession
公開日期: 1-Aug-2015
摘要: This paper analyzes the causes and consequences of founding family engagement in firm ownership and management. We hypothesize that families manage their firms because they are able to make contributions that non-family managers cannot provide. However, roadblocks arising from within the family, from markets, and from surrounding institutions challenge family ownership. We propose a new framework for organizing these assets and roadblocks, called the family business map; this framework is useful for categorizing the papers presented in this Special Issue. We support the predictions of the framework with evidence from Chinese family firm succession, and conclude that family firm organization is an adaptation to environmental opportunities and constraints. We end the paper with suggestions for future research. (C) 2015 Published by Elsevier B.V.
URI: http://dx.doi.org/10.1016/j.jcorpfin.2015.01.008
http://hdl.handle.net/11536/128460
ISSN: 0929-1199
DOI: 10.1016/j.jcorpfin.2015.01.008
期刊: JOURNAL OF CORPORATE FINANCE
Volume: 33
起始頁: 212
結束頁: 226
Appears in Collections:Articles