Pub Date : 2018-06-30DOI: 10.24310/EJFBEJFB.V8I1.4939
M. Joshi, A. Sinha, S. Dixit, B. Shukla
The purpose of this case study is to investigate issues that arise at the time of transition of ownership, business and wealth in a multigenerational closely held family business (CHFB). This is particularly relevant if the founder owner-manager has to pass the heir-ship to the offspring and specifically if the incumbent is a women. Through this case, authors have made an attempt to discuss the significance of ownership structure, to plan transition and to mitigate conflicts at the time of generational transition. The case is based on primary research and secondary information, and has been tested several times post, which the gaps were identified and filled. The results indicate that absence of the corporate governance (ownership) structure leads to conflicts during transfer of power position in a CHFB. This reflects the necessity of professionalizing the family business to avoid breakdown of communication and trust within the family unit. Inadequately prepared heirs, forced entries of siblings in the business with no competence besides the patriarchs’ distribution of ownership and business were of major concern in a CHFB.
{"title":"Transition dilemma in a closely held family business: A case of Excel Transporters","authors":"M. Joshi, A. Sinha, S. Dixit, B. Shukla","doi":"10.24310/EJFBEJFB.V8I1.4939","DOIUrl":"https://doi.org/10.24310/EJFBEJFB.V8I1.4939","url":null,"abstract":"The purpose of this case study is to investigate issues that arise at the time of transition of ownership, business and wealth in a multigenerational closely held family business (CHFB). This is particularly relevant if the founder owner-manager has to pass the heir-ship to the offspring and specifically if the incumbent is a women. Through this case, authors have made an attempt to discuss the significance of ownership structure, to plan transition and to mitigate conflicts at the time of generational transition. The case is based on primary research and secondary information, and has been tested several times post, which the gaps were identified and filled. The results indicate that absence of the corporate governance (ownership) structure leads to conflicts during transfer of power position in a CHFB. This reflects the necessity of professionalizing the family business to avoid breakdown of communication and trust within the family unit. Inadequately prepared heirs, forced entries of siblings in the business with no competence besides the patriarchs’ distribution of ownership and business were of major concern in a CHFB.","PeriodicalId":100498,"journal":{"name":"European Journal of Family Business","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2018-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83873286","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2018-06-30DOI: 10.24310/EJFBEJFB.V8I1.5004
Marco Antonio Lara de la Calleja, Gerardo Zanella-Palacios
The objective of the present article is to evaluate the perspective of sustainable tourism in family business through a perspective of multi-stakeholders in the Sanctuary of fireflies of Nanacamilpa of Mariano Arista, Tlaxcala. An assessment was made of the different actors (family businesses, local authorities, civil society) in 4 areas: Environmental and resource management; Economic wellness; Socio-cultural well-being; Public policies and training, to assess the sustainability of the Sanctuary. With the methodology of analysis and evaluation developed, it was found that the family companies present a medium performance of sustainable tourism in the areas of Environmental and resource management, as well as in Public Policies and training. The results are expected to include sustainable tourism in the sanctuary of fireflies, through the participation and integration of stakeholders, to impact the dimensions of sustainability.
{"title":"Family businesses and sustainable tourism, a valuation of multi-stakeholders in Nanacamilpa of Mariano Arista, Tlaxcala. Case study: Sanctuary of the fireflies","authors":"Marco Antonio Lara de la Calleja, Gerardo Zanella-Palacios","doi":"10.24310/EJFBEJFB.V8I1.5004","DOIUrl":"https://doi.org/10.24310/EJFBEJFB.V8I1.5004","url":null,"abstract":"The objective of the present article is to evaluate the perspective of sustainable tourism in family business through a perspective of multi-stakeholders in the Sanctuary of fireflies of Nanacamilpa of Mariano Arista, Tlaxcala. An assessment was made of the different actors (family businesses, local authorities, civil society) in 4 areas: Environmental and resource management; Economic wellness; Socio-cultural well-being; Public policies and training, to assess the sustainability of the Sanctuary. With the methodology of analysis and evaluation developed, it was found that the family companies present a medium performance of sustainable tourism in the areas of Environmental and resource management, as well as in Public Policies and training. The results are expected to include sustainable tourism in the sanctuary of fireflies, through the participation and integration of stakeholders, to impact the dimensions of sustainability.","PeriodicalId":100498,"journal":{"name":"European Journal of Family Business","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2018-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76208311","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2018-06-30DOI: 10.24310/EJFBEJFB.V8I1.5002
Özlem Yildirim-Öktem
The paper analyzes the pervasiveness of family board memberships within family business groups (FBGs), which are large and diversified form of family businesses dominant in emerging economies. The data pertain to 2017 and include board information on 640 firms affiliated to the largest 26 FBGs in Turkey. The study cluster analyzes the FBGs according to family involvement in their governance. Derived from different theoretical lenses, it also aims to identify the variables that condition different clusters. Results show that several decades after liberalization, families still control the groups pervasively though with varying degrees. Regarding the extent of family involvement in governance, different clusters are identified as tight control, vertical control, and loose control. Ownership structure emerges as the main antecedent that differentiates FBGs in different clusters.
{"title":"Family involvement in governance of family business groups","authors":"Özlem Yildirim-Öktem","doi":"10.24310/EJFBEJFB.V8I1.5002","DOIUrl":"https://doi.org/10.24310/EJFBEJFB.V8I1.5002","url":null,"abstract":"The paper analyzes the pervasiveness of family board memberships within family business groups (FBGs), which are large and diversified form of family businesses dominant in emerging economies. The data pertain to 2017 and include board information on 640 firms affiliated to the largest 26 FBGs in Turkey. The study cluster analyzes the FBGs according to family involvement in their governance. Derived from different theoretical lenses, it also aims to identify the variables that condition different clusters. Results show that several decades after liberalization, families still control the groups pervasively though with varying degrees. Regarding the extent of family involvement in governance, different clusters are identified as tight control, vertical control, and loose control. Ownership structure emerges as the main antecedent that differentiates FBGs in different clusters.","PeriodicalId":100498,"journal":{"name":"European Journal of Family Business","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2018-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76796385","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2017-01-01DOI: 10.1016/j.ejfb.2017.06.004
Ismael Barros , Juan Hernangómez , Natalia Martin-Cruz
{"title":"Familiness and socioemotional wealth in Spanish family firms: An empirical examination","authors":"Ismael Barros , Juan Hernangómez , Natalia Martin-Cruz","doi":"10.1016/j.ejfb.2017.06.004","DOIUrl":"https://doi.org/10.1016/j.ejfb.2017.06.004","url":null,"abstract":"","PeriodicalId":100498,"journal":{"name":"European Journal of Family Business","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2017-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.ejfb.2017.06.004","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71899466","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2017-01-01DOI: 10.1016/j.ejfb.2017.11.001
Ismael P. Soler, German Gemar, Rafael Guerrero-Murillo
{"title":"Family and non-family business behaviour in the wine sector: A comparative study","authors":"Ismael P. Soler, German Gemar, Rafael Guerrero-Murillo","doi":"10.1016/j.ejfb.2017.11.001","DOIUrl":"https://doi.org/10.1016/j.ejfb.2017.11.001","url":null,"abstract":"","PeriodicalId":100498,"journal":{"name":"European Journal of Family Business","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2017-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.ejfb.2017.11.001","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71897541","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2017-01-01DOI: 10.1016/j.ejfb.2017.10.001
Alicia Ramírez-Orellana , María J. Martínez-Romero , Teresa Mariño-Garrido
{"title":"Measuring fraud and earnings management by a case of study: Evidence from an international family business","authors":"Alicia Ramírez-Orellana , María J. Martínez-Romero , Teresa Mariño-Garrido","doi":"10.1016/j.ejfb.2017.10.001","DOIUrl":"https://doi.org/10.1016/j.ejfb.2017.10.001","url":null,"abstract":"","PeriodicalId":100498,"journal":{"name":"European Journal of Family Business","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2017-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.ejfb.2017.10.001","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71897543","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2017-01-01DOI: 10.1016/j.ejfb.2017.08.001
José C. Casillas, Ana M. Moreno-Menéndez
{"title":"International business & family business: Potential dialogue between disciplines","authors":"José C. Casillas, Ana M. Moreno-Menéndez","doi":"10.1016/j.ejfb.2017.08.001","DOIUrl":"https://doi.org/10.1016/j.ejfb.2017.08.001","url":null,"abstract":"","PeriodicalId":100498,"journal":{"name":"European Journal of Family Business","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2017-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.ejfb.2017.08.001","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71897542","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Gender issues related to choosing the successor in the family business","authors":"Covadonga Aldamiz-Echevarría, Idoia Idígoras, María-Azucena Vicente-Molina","doi":"10.1016/j.ejfb.2017.10.002","DOIUrl":"https://doi.org/10.1016/j.ejfb.2017.10.002","url":null,"abstract":"","PeriodicalId":100498,"journal":{"name":"European Journal of Family Business","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2017-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.ejfb.2017.10.002","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71897544","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"How has the family firm literature addressed its heterogeneity through classification systems? An integrated analysis","authors":"Remedios Hernández-Linares , Soumodip Sarkar , Mª Concepción López-Fernández","doi":"10.1016/j.ejfb.2017.06.003","DOIUrl":"https://doi.org/10.1016/j.ejfb.2017.06.003","url":null,"abstract":"","PeriodicalId":100498,"journal":{"name":"European Journal of Family Business","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2017-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.ejfb.2017.06.003","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71897540","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2016-07-01DOI: 10.1016/J.EJFB.2017.05.002
G. Marín, Antonio José Carrasco Hernández, I. D. D. Valle, M. A. Castillo
{"title":"Organizational culture and family business: A configurational approach","authors":"G. Marín, Antonio José Carrasco Hernández, I. D. D. Valle, M. A. Castillo","doi":"10.1016/J.EJFB.2017.05.002","DOIUrl":"https://doi.org/10.1016/J.EJFB.2017.05.002","url":null,"abstract":"","PeriodicalId":100498,"journal":{"name":"European Journal of Family Business","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2016-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77285948","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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