Diversification Decisions in Family-Controlled Firms

Autor:	Luis R. Gomez-Mejia, Martín Larraza Kintana, Marianna Makri
Rok vydání:	2010
Předmět:	Labour economics Management of Technology and Innovation Strategy and Management Diversification (finance) Business Business and International Management Marketing Business risks
Zdroj:	Journal of Management Studies. 47:223-252
ISSN:	1467-6486 0022-2380
Popis:	This study examines diversification decisions of family firms and suggests that on average family firms diversify less both domestically and internationally than non-family firms. When they do diversify, family firms tend to opt for domestic rather than international diversification, and those that go the latter route prefer to choose regions that are ‘culturally close’. Lastly, we find that family firms are more willing to diversify as business risk increases. The hypotheses are tested using a sample of 360 firms, 160 of them being family-controlled and the rest (200) non-family-controlled.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::351e1d279029930ca2d5b68db8a021d8 https://doi.org/10.1111/j.1467-6486.2009.00889.x Zobrazit plný text záznamu Plný text ve formátu PDF