Founders versus Descendants: The Profitability, Growth and Efficiency Characteristics Comparison in the UK Small and Medium Sized Family Businesses

2.50
Hdl Handle:
http://hdl.handle.net/2436/26763
Title:
Founders versus Descendants: The Profitability, Growth and Efficiency Characteristics Comparison in the UK Small and Medium Sized Family Businesses
Authors:
Wang, Yong; Ahmed, Pervaiz K.; Farquhar, Stuart S.
Abstract:
Family businesses and business families existed long before the genesis of historians and economists. In most economies, family business is estimated to represent over two–thirds of all enterprises and accounts for about half of the economic activity and private employment contributing to the Gross Domestic Product (GDP). Over the last two decades, family business studies have gathered momentum, which is reflected not only in terms of the number of published papers and publication outlets, but also in research support provided by agents and foundations. This article proffers researchers and practitioners empirical evidence of variations in financial performance of family businesses mastered by different generations. The article commences with a literature review of theories associated with business performance and family business governance, for example, agency theory, altruism and business lifecycle. This is followed by a description of the research methods adopted in this study. Statistical analyses are then conducted in two phases. Phase A employs univariate analyses to depict business demographic features. Phase B further investigates the differences of financial performance between family businesses marshalled by owner–managers in different generations. In summary, the article concludes with a set of tentative recommendations. It is anticipated that this study will bring to the surface the debate on issues surrounding the practice of family business management and widen awareness of the critical factors shaping business performance.
Citation:
Journal of Entrepreneurship, 16 (2): 173-195
Publisher:
Sage
Journal:
Journal of Entrepreneurship
Issue Date:
2007
URI:
http://hdl.handle.net/2436/26763
DOI:
10.1177/097135570701600203
Additional Links:
http://joe.sagepub.com/cgi/content/abstract/16/2/173
Type:
Article
Language:
en
ISSN:
09713557
Appears in Collections:
Management Research Centre

Full metadata record

DC FieldValue Language
dc.contributor.authorWang, Yong-
dc.contributor.authorAhmed, Pervaiz K.-
dc.contributor.authorFarquhar, Stuart S.-
dc.date.accessioned2008-05-19T14:19:48Z-
dc.date.available2008-05-19T14:19:48Z-
dc.date.issued2007-
dc.identifier.citationJournal of Entrepreneurship, 16 (2): 173-195en
dc.identifier.issn09713557-
dc.identifier.doi10.1177/097135570701600203-
dc.identifier.urihttp://hdl.handle.net/2436/26763-
dc.description.abstractFamily businesses and business families existed long before the genesis of historians and economists. In most economies, family business is estimated to represent over two–thirds of all enterprises and accounts for about half of the economic activity and private employment contributing to the Gross Domestic Product (GDP). Over the last two decades, family business studies have gathered momentum, which is reflected not only in terms of the number of published papers and publication outlets, but also in research support provided by agents and foundations. This article proffers researchers and practitioners empirical evidence of variations in financial performance of family businesses mastered by different generations. The article commences with a literature review of theories associated with business performance and family business governance, for example, agency theory, altruism and business lifecycle. This is followed by a description of the research methods adopted in this study. Statistical analyses are then conducted in two phases. Phase A employs univariate analyses to depict business demographic features. Phase B further investigates the differences of financial performance between family businesses marshalled by owner–managers in different generations. In summary, the article concludes with a set of tentative recommendations. It is anticipated that this study will bring to the surface the debate on issues surrounding the practice of family business management and widen awareness of the critical factors shaping business performance.en
dc.language.isoenen
dc.publisherSageen
dc.relation.urlhttp://joe.sagepub.com/cgi/content/abstract/16/2/173en
dc.subjectFamily businessesen
dc.subjectBusiness familiesen
dc.subjectGross Domestic Producten
dc.subjectFinancial performanceen
dc.subjectDifferent generationsen
dc.titleFounders versus Descendants: The Profitability, Growth and Efficiency Characteristics Comparison in the UK Small and Medium Sized Family Businessesen
dc.typeArticleen
dc.identifier.journalJournal of Entrepreneurshipen
All Items in WIRE are protected by copyright, with all rights reserved, unless otherwise indicated.