L’entreprise familiale : état et perspectives de la recherche francophone

Missonier, Audrey; Gundolf, Katherine

doi:10.4000/fcs.1933

Cited by 11 publications

(5 citation statements)

References 74 publications

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“…The research is based on a sample of 69 family businesses responding to a postal questionnaire survey conducted from March to May 2012. The family business literature has extensively debated on definitional issues (Allouche and Amann, 2000;Missonier and Gundolf, 2017). In the present research, the criteria of family involvement in ownership was retained as the defining criteria of family businesses.…”

Section: Methodsmentioning

confidence: 91%

The 2008 financial and economic crisis and the family business sale intention

Hirigoyen

Basly

2019

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Purpose The purpose of this paper is to assessthe probable influence of some of the emotional costs and returns expected by owners on their family business sale decision; and examine if the perceived economic environment during the economic and financial crisis of 2008 had an impact on the intention to sell their family business. Design/methodology/approach The research is based on a sample of 69 family businesses responding to a postal questionnaire survey. The empirical study is made up of a descriptive analysis of the factors influencing the intention of a family business sale and an explanatory analysis of the sale intention. Findings The desire for family business renewal through family generational succession is the main emotional factor lying behind the decision to continue/sell the business. Furthermore, the financial and economic crisis does not seem to be a factor that accentuates the intention to sell the family business even if firms’ financial performance has declined. Research limitations/implications Future research could implement a direct measure of owners’ performance thresholds and explicitly integrate the moderating role of “Perceived economic environment.” Practical implications By showing that continuity is a key concern for family business owners, the research invites them to effectively prepare their succession instead of postponing this strategic process given its significance in guaranteeing the survivability of the family business. Originality/value Executives who perceived economic conditions as very poor are less likely to consider the sale of the business in the horizon of two years than executives perceiving them as “normal.” The study confirms that in family-owned businesses, for the owner-managers and the active and serene family shareholders, the sale price does not compensate for their emotional regret evaluated through the loss of the family business’ emotional value.

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Section: Methodsmentioning

confidence: 91%

The 2008 financial and economic crisis and the family business sale intention

Hirigoyen

Basly

2019

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“…A crucial decision at the initiation stage concerns the choice of the successor, i.e., the future leader, who will, in most cases, also be the new owner (Missonier, and Gundolf, 2017). Moroccan family firms face this challenge (Allioui and Habba, 2019 ;.…”

Section: The Succession Process In Moroccan Family Businessesmentioning

confidence: 99%

Cultural Specificities of Succession’ Failure and Success in the Context of Unlisted Moroccan Family-Owned Businesses

Allioui¹,

Habba²,

Azizi³

2021

BMS

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The purpose of this research aims to study the relationship between the cultural specificities of the Moroccan context and the success or failure of succession strategies (in terms of planning and process) in the case of Moroccan unlisted family businesses. Our study covered a sample of 20 unlisted Moroccan family businesses, 8 of which are SMEs, 6 are large firms, and 6 are VSEs, through a qualitative research based on semi-structured interviews with the managers of family businesses. Our results explain the influence of Moroccan cultural specificities on the success or failure of the transfer of family businesses. Indeed, these influences essentially manifest themselves in three antecedents: the succession planning that already reflects the intention to pass on the family business to the next generations, either by having a well-prepared plan, or an absence of a succession plan that leaves things to chance; the succession process that is influenced in part by specificities of Moroccan culture by granting privilege to the eldest male in the succession, and in another part this process becomes more rational by giving credit to successors competent to take over the family business in the case of large family businesses; and cultural constraints that are manifested mainly by the taboos surrounding the death of the predecessor and religious principles that similarly explain the different configurations of success or failure of the succession strategy of the family business. An extension of this work could be a multi-factor analysis in future researches.

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“…This question of heterogeneity has been confirmed by previous research (e.g. Missonier, & Gundolf, 2017) and limits the accumulation of knowledge on family businesses (Schulze & Gedajlovic, 2010). In this regard, the study of the financial behavior of family firms should begin by clearly defining the family firm.…”

Section: Empirical Perspectivesmentioning

confidence: 54%

Financial Behavior of Family Businesses: A Bibliometric and Systematic Literature Review

Quiddi¹,

Habba²

2021

IJFR

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The aim of this paper is to identify some holistic insights and to assess the evolution of the “financial behavior of family businesses” as a field of research. Authors performed an objective, and comprehensive analysis using a bibliometric and systematic review. Thus, three major databases (Scopus, Web of Science, and EBSCO host) were queried and 256 retrieved publications were analyzed. Findings showed an increasing dynamic of the number of publications from 1990 to 2020. The text mining of retrieved publications enables a thematic analysis of the intellectual streams and key concepts underpinning financial policies within family businesses. From a managerial perspective, a review of literature on financial behavior can help raise awareness among family members, managers, and policymakers about family business’ peculiarities that make the financial decisions complex. Finally, this paper reveals trends but also some knowledge gaps to consider in future research about the study of financial decisions within the context of family businesses.

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L’entreprise familiale : état et perspectives de la recherche francophone

Cited by 11 publications

References 74 publications

The 2008 financial and economic crisis and the family business sale intention

The 2008 financial and economic crisis and the family business sale intention

Cultural Specificities of Succession’ Failure and Success in the Context of Unlisted Moroccan Family-Owned Businesses

Financial Behavior of Family Businesses: A Bibliometric and Systematic Literature Review

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