Long-term orientation in publicly traded family businesses: : Evidence of a dominant logic

• Autores: Richard Gentry, Clay Dibrell, Jaemin Kim
• Localización: Entrepreneurship: Theory & Practice, ISSN-e 1540-6520, Vol. 40, Nº. 4, 2016, págs. 733-757
• Idioma: inglés
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• Dialnet Métricas: 3 Citas
• Resumen

  • 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.