Long–Term Orientation in Publicly Traded Family Businesses: Evidence of a Dominant Logic

Richard Gentry, Clay Dibrell and Jaemin Kim

Entrepreneurship Theory and Practice, 2016, vol. 40, issue 4, 733-757

Abstract: Drawing from the behavioral theory of the firm, we examine the role of a long–term orientation in decision making at publicly traded, family–influenced firms (FIFs). We advance a view of the family as part of a firm's dominant coalition and the resulting effects of a family–influenced coalition on the FIF's decision making. Using a sample of publicly traded firms, our findings indicate that FIFs’ decision making reflects a focus on a long–term orientation, manifested in the greater accumulation of slack resources, less strategic risk taking, and lower bankruptcy risk than non–FIF firms.

Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (22)

Downloads: (external link)
https://journals.sagepub.com/doi/10.1111/etap.12140 (text/html)

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:sae:entthe:v:40:y:2016:i:4:p:733-757

DOI: 10.1111/etap.12140

Access Statistics for this article

More articles in Entrepreneurship Theory and Practice
Bibliographic data for series maintained by SAGE Publications ().