Family business and regional development—A theoretical model of regional familiness

Basco, Rodrigo

doi:10.1016/j.jfbs.2015.04.004

Cited by 149 publications

(149 citation statements)

References 142 publications

(149 reference statements)

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“…Based on the analysis, we conclude that FM generates increasing returns for learning and knowledge production through shared social capital and trustful relationships, but this relationship is intertwined with factors related to industry as well as region. As also argued by Basco (2015), our results pave the way for further investigations into the importance of family ties on firm learning processes. In regional science scholars have studied how factors like labour characteristics, entrepreneurship etc.…”

Section: Discussionsupporting

confidence: 79%

“…Moreover, there is evidence that agglomerations are not homogenous, but vary along several dimensions, hence different firm internal resources influence performance (Knoben, Arikan, van Oort, & Raspe, 2016). While scholars have tried to understand firm performance through firm-level heterogeneity, Basco (2015) argues that the role of FM within firms have been understudied despite the claims that such social relations create positive externalities. To fill this gap, our claim on FM is similar to the argument by Marshall (1920) on spatial concentration of economic activities that 'the mysteries of the trade become no mysteries; but are as it were in the air ' (p. 271).…”

Section: Family Members and Firm Performancementioning

confidence: 99%

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Social proximity and firm performance: the importance of family member ties in workplaces

Adjei

Eriksson

Lindgren

2016

Regional Studies, Regional Science

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this study empirically assesses the role of social proximity, defined as the concentration of family members (FM) in firms, on firm performance. Based on longitudinal micro-data for the period 1995-2010 connecting information on workers and their workplaces in the Swedish labour market, the effects of FM (parents, children, siblings and grandparents) on per capita productivity in 15,359 firms were analysed. the results indicate that FM positively affect firm performance. in particular, the results suggest that in specialized regions (mainly small regions) FM have a positive influence on performance and can thus compensate for relative shortage of regional agglomeration economies. ARTICLE HISTORY

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Section: Discussionsupporting

confidence: 79%

Section: Family Members and Firm Performancementioning

confidence: 99%

Social proximity and firm performance: the importance of family member ties in workplaces

Adjei

Eriksson

Lindgren

2016

Regional Studies, Regional Science

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“…Family ownership is the most predominant structure of business establishment throughout the world [58] and occurs in diverse sizes and sectors in both developed and developing countries [59]. It has been contended that a FAOWN structure has distinctive characteristics which offer potential benefits over other types of ownership with regards to performance and effectiveness [60], persistence and durability [61,62]. Family members have strong motivations to monitor managers and enhance corporate performance, and FAOWN may either contravene or significantly eradicate agency issues emanating from the encounter between shareholders and managers [63].…”

Section: Family Ownershipmentioning

confidence: 99%

Impact of Ownership Characteristics on Modified Audit Opinion in Jordan

Alkilani¹,

Hussin²,

Salim³

2019

IJAFRM

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It is well established that ownership characteristics are impacted by the quality of financial reporting. The purpose of this work is to examine the role of ownership characteristics in minimising the prospect of corporates obtaining a modified audit opinion in Jordan. Three ownership characteristics [family ownership (FAOWN), institutional ownership (INOWN) and foreign ownership (FAOWN)] and modified audit opinion were studied. The study used 117 samples of corporates listed on the Amman Stock Exchange (ASE). Logistic regression was employed to analyse the association between the modified audit opinions as a dependent variable and ownership characteristics as independent variables. Ownership characteristics are anticipated to be more successful in improving the quality of financial statement, and thus, reduce the prospect of firm obtaining a modified audit opinion. The analysed results from 2012 to 2016 periods of these corporates in Jordan showed that FAOWN and FOOWN validated this projection. Interestingly, the effect of family and FOOWN improve the quality of financial statement, thereby, reduce the cases of a modified audit opinion. Additionally, the study could not find any association impact between the INOWN and modified audit opinion.

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“…Family firms play a significant role in the development of economies and societies (Basco, 2015;Memili, Fang, Chrisman, & De Massis, 2015). These entities are unique and more complex than other types of organizations due to the family's involvement in ownership, governance, and management (Chrisman, Chua, & Steier, 2005).…”

Section: Introductionmentioning

confidence: 99%

Tracing the Roots of Constructive Conflict Management in Family Firms

Alvarado-Alvarez

Tremolosa

Parada

2019

Negotiation Conflict Man Res

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The overlap between family and business systems creates a particular bundle of resources, which is a specific familiness that may determine how family firms positively or negatively manage their conflicts. In this article, we review the current research on conflict management and family firms and suggest theoretical propositions about the influence of familiness in constructive conflict management in family firms. We propose that specific levels of structural, cognitive, and relational dimensions of familiness configure a specific arrangement of resources that we conceptualized as collaborative familiness, which enhances constructive conflict. We discuss the main implications of this conceptualization in terms of its theoretical contributions, further research, and practice.

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Family business and regional development—A theoretical model of regional familiness

Cited by 149 publications

References 142 publications

Social proximity and firm performance: the importance of family member ties in workplaces

Social proximity and firm performance: the importance of family member ties in workplaces

Impact of Ownership Characteristics on Modified Audit Opinion in Jordan

Tracing the Roots of Constructive Conflict Management in Family Firms

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