Familiness in Future Research

Sumon Bhaumik and Ralitza Dimova
Additional contact information
Ralitza Dimova: University of Manchester

Chapter 5 in How Family Firms Differ, 2015, pp 95-101 from Palgrave Macmillan

Abstract: Abstract In this monograph, we have argued that familiness and its manifestations such as reciprocal altruism distinguish family firms from their non-family counterparts. A perusal of the literature suggests that the role of familiness is recognised in analyses of family firms, albeit much more in the management literature than in the economics and finance literature. However, the literature requires extension in three different directions — with familiness lying at the heart of these extensions — to facilitate a better understanding of family firms. Specifically, there is a need to better understand the nature of implicit and explicit contracts that characterise a family firm and have reliable proxies for these contracts, especially those within the controlling family. Recall that a firm is characterised by a set of contracts among the stakeholders (Jensen and Meckling, 1976).

Keywords: Family Firm; Business Group; Coalition Formation; Strategic Interaction; Internal Capital Market (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-47358-5_5

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137473585

DOI: 10.1057/9781137473585_5

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().