Relatives Business

 Family Organization Essay

Record of Family members Business Strategy 4 (2013) 227–228

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Journal of Relatives Business Technique

journal home page: www.elsevier. com/locate/jfbs

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Diary of Family Business Approach – Special Issue " Ownership, Governance and Worth in Family Firms” Visitor Editors: Nadine Kammerlander, Philipp Sieger, Wim Voordeckers & Thomas Zellweger About the Special Concern Topic The main topic of the unique issue is definitely dedicated to " Ownership, Governance, and Value in Family Firms”. This kind of title of the special issue reflects the centrality in the underlying topics for study regarding family firms just as the increasing interest of governance scholars in family businesses. Ownership and governance in family firms include attracted extensive scholarly interest as essential determinants of family engagement with the potential to influence firms' goal setting, proper activities, and finally functionality. Researchers have applied an ample set of theoretical views – which include agency theory, stewardship theory, and reference based perspective, to mention just a few – to look at the different types of governance, related formalized and non-formalized governance components, and their ramifications on a various stakeholders – family, outside (minority) shareholders, community, society/ nation as a whole. Related to this topic, benefit creation – including the achievements of short and long term financial and nonfinancial goals – is definitely a key theme in family organization literature. Additionally , some voices have asked whether a predominance of family members ownership damages value at a macro level, simply by creating offers to perv the political process and creating entry barriers to entrepreneurship simply by first generation entrepreneurs. To-date, despite the significance of these key family business topics, many of the critical antecedents, precise mechanisms and crucial implications of family governance and possession, still continue to be ambiguous. We thus encourage...

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