Diversification decisions among family firmsthe role of family involvement and generational stage

  1. Fernando Muñoz-Bullon 1
  2. Maria J. Sanchez-Bueno 1
  3. Isabel Suárez-González 2
  1. 1 Universidad Carlos III de Madrid
    info

    Universidad Carlos III de Madrid

    Madrid, España

    ROR https://ror.org/03ths8210

  2. 2 Universidad de Salamanca
    info

    Universidad de Salamanca

    Salamanca, España

    ROR https://ror.org/02f40zc51

Revista:
Business Research Quarterly

ISSN: 2340-9444 2340-9436

Año de publicación: 2018

Volumen: 21

Número: 1

Páginas: 39-52

Tipo: Artículo

DOI: 10.1016/J.BRQ.2017.11.001 DIALNET GOOGLE SCHOLAR lock_openAcceso abierto editor

Otras publicaciones en: Business Research Quarterly

Resumen

Si bien la literatura anterior se ha centrado en si las empresas familiares están más o menos inclinadas a la diversificación que las empresas no familiares, el examen de las diferencias en la diversificación entre las empresas familiares ha recibido mucha menos atención. Analizamos cómo la participación familiar (en propiedad, control y gestión) y la etapa generacional en la empresa (primera generación versus generación posterior) influyen en la diversificación entre las empresas familiares. La evidencia empírica la proporciona una muestra de empresas familiares de la UE que cotizan en bolsa. Nuestros resultados muestran que mayores niveles de participación familiar en la empresa están asociados con una menor diversificación. Además, las empresas familiares de primera generación están menos diversificadas que sus contrapartes de generación posterior.

Información de financiación

Financial support is gratefully acknowledged from the following institutions: ECO2013-4780-R MINECO, ECO2016-75379-R AEI/FEDER, UE, and ECO2016-76876-R AEI/FEDER, UE.

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