Risk-taking behaviour of family firms: evidence from Tunisia
| Autor: | Khadija Mnasri, Dorra Ellouze |
|---|---|
| Přispěvatelé: | Université de la Manouba [Tunisie] (UMA), Université de Tunis, Centre Européen de Recherche en Economie Financière et Gestion des Entreprises (CEREFIGE), Université de Lorraine (UL) |
| Jazyk: | angličtina |
| Rok vydání: | 2019 |
| Předmět: |
Entrepreneurship
Economics and Econometrics Corporate governance risk-taking 05 social sciences corporate governance family ownership [SHS.ECO]Humanities and Social Sciences/Economics and Finance group affiliation Group Affiliation Negatively associated 8. Economic growth 0502 economics and business Demographic economics Business Business and International Management Risk taking 050203 business & management |
| Zdroj: | International Journal of Entrepreneurship and Small Business International Journal of Entrepreneurship and Small Business, Inderscience, 2019, 39 (1/2), pp.192-221. ⟨10.1504/IJESB.2020.10025931⟩ Scopus-Elsevier |
| ISSN: | 1476-1297 1741-8054 |
| DOI: | 10.1504/IJESB.2020.10025931⟩ |
| Popis: | International audience; Using a unique database of 87 Tunisian non-financial firms over the period 1998-2014, we analyse risk-taking behaviour of family firms. We find evidence that family ownership is positively related to corporate risk-taking. But family firms undertake less risky projects when the manager is not a member of the family or when the founder is no longer active in the firm. Our results show also that in these cases, family ownership becomes negatively associated to risk-taking. Finally, we find that family firms take more risk only when they belong to diversified groups, especially those operating in several industries. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
|