The impact of financial support from non-resident family members on the financial performance of newer agribusiness firms in India

Amarjit Gill, Harvinder Singh Mand, John D. Obradovich and Neil Mathur

Journal of Agribusiness in Developing and Emerging Economies, 2018, vol. 8, issue 2, 303-319

Abstract: Purpose - The purpose of this paper is to examine the impact of financial support from non-resident family members (FSNRFM) on the financial performance of newer agribusiness firms in India. Design/methodology/approach - Owners of newer agribusiness firms (five years old or less) from India were surveyed regarding the perceived impact ofFSNRFMon the financial performance of newer agribusiness firms. Findings - The results show that newer agribusiness firms withFSNRFMperform better than those withoutFSNRFM; and build higher levels of internal financing sources relative to the newer agribusiness firms withoutFSNRFM, which, in turn, improves their performance. Research limitations/implications - This is a co-relational study that investigated the association betweenFSNRFMand financial performance of newer agribusiness firms. There is not necessarily a causal relationship between the two. The findings of this study may only be generalized to firms similar to those that were included in this research. Originality/value - The study enriches the literature concerning newer agribusiness firms and the factors that improve their financial performance. The results of this study can be of great significance for owners of these firms, financial managers, farm management consultants, and other stakeholders to understand the impact ofFSNRFMon financial performance of newer agribusiness firms.

Keywords: India; Financial performance; Internal financing sources; Financial support from non-resident family members; Newer agribusiness firms (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:eme:jadeep:jadee-04-2016-0022

DOI: 10.1108/JADEE-04-2016-0022

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