L’atténuation des contraintes financières sur les entreprises familiales: du fatalisme à l’action

Taib Berrada El Azizi, Mohamed Nabil El Mabrouki and Badr Habba

Revue de l'Entrepreneuriat, 2014, vol. 13, issue 3, 123-142

Abstract: This paper proposes a research note about the link between practices specific to family businesses and their financial constraints. First, the article tries to identify the family businesses practices that could increase their financing difficulties. It focuses mainly on four key concepts: informational isolation, financial decisions opacity, excessiv behavioral fatalism and lack of succession planning. Secondly, the authors show that financial constraints mitigation, for such category of firms, depends on the ability of managers to secure funding for their own growth. This last, is based on at least three factors: transparency, establishment of a well-reasoned decision-making and strategic thinking on the future of the company.

Keywords: financial constraints; family business; financial policies (search for similar items in EconPapers)
Date: 2014
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