Family Business Survival and the Role of Boards

Family businesses have long been conceptualized in terms of overlapping and interacting management, ownership, governance, and family systems. As family businesses evolve and develop across generations, observing progress in each of the requisite systems presents a variety of challenges. This article demonstrates the importance of family organization to the systems of management, ownership, governance, and family as a family business evolves over time.

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Making gender visible in family business: past and present

História Econômica & História de Empresas ◽

10.29182/hehe.v13i1.71 ◽

2012 ◽

Vol 13 (1) ◽

Author(s):

Paloma Fernández Pérez ◽

Eleanor Hamilton

Keyword(s):

Family Business ◽

Family Firms ◽

Business Leadership ◽

Legal Rules ◽

Developed Economies ◽

The Family ◽

Interdisciplinary Synthesis ◽

Complex Forms ◽

Rules Of The Game

This study contributes to developing our understanding of gender and family business. It draws on studies from the business history and management literatures and provides an interdisciplinary synthesis. It illuminates the role of women and their participation in the entrepreneurial practices of the family and the business. Leadership is introduced as a concept to examine the roles of women and men in family ﬁrms, arguing that concepts used by historians or economists like ownership and management have served to make women ‘invisible’, at least in western developed economies in which owners and managers have been historically due to legal rules of the game men, and minoritarily women. Finally, it explores gender relations and the notion that leadership in family business may take complex forms crafte within constantly changing relationships.

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The Role of SBA Loans in Small Business Survival after Disaster Events

Journal of Planning Education and Research ◽

10.1177/0739456x211028291 ◽

2021 ◽

pp. 0739456X2110282

Author(s):

Maria Watson

Keyword(s):

Small Business ◽

Small Businesses ◽

Conditional Logistic Regression ◽

Small Business Administration ◽

Confounding Factors ◽

Term Survival ◽

Business Survival ◽

Quasi Experimental

Local businesses are important for recovering communities, yet program analyses of the effectiveness of Federal disaster loans—particularly for businesses—are limited and contradictory. This study looks at the role U.S. Small Business Administration (SBA) Disaster Loans played in the long-term survival of small businesses in Galveston County, Texas after the 2008 Hurricane Ike. This research uses quasi-experimental design, matching methods, and conditional logistic regression to tease out the effect of the loan from potential confounding factors. The results show that businesses that received a disaster loan were significantly more likely to survive than their controls, and businesses that moved were also more likely to survive.

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Auditor Appointment Strategy and Intragroup Value Transfers: Evidence From Family Business Groups

Journal of Accounting Auditing & Finance ◽

10.1177/0148558x21992658 ◽

2021 ◽

pp. 0148558X2199265

Author(s):

Yan-Leung Cheung ◽

In-Mu Haw ◽

Weiqiang Tan ◽

Wenming Wang

Keyword(s):

Adverse Effect ◽

Financial Reporting ◽

Family Business ◽

Business Groups ◽

Divide And Conquer ◽

Alternative Measure ◽

Family Business Groups ◽

Audit Effectiveness ◽

Financial Reporting Comparability

Family business groups (FBGs) typically control several member firms and can hire a single auditor or multiple auditors to audit their member firms. This article examines what type of auditor appointment strategy constrains intragroup value transfers within FBGs. Analyzing related-party transactions (RPTs) within FBGs in Hong Kong, this study provides evidence that FBGs with multiple auditors undertake more intragroup value transfers than FBGs with a single auditor. However, the adverse effect of multiple-auditor appointments is mitigated by a stronger board and higher financial reporting comparability among member firms. Using an alternative measure of intragroup value transfers, we also find that the market perceives multiple-auditor appointments as impairing audit effectiveness. Overall, our findings offer the new insight that controlling families can exploit the appointment of multiple auditors as a “divide and conquer” strategy which undermines the monitoring role of auditors against intragroup value transfers, but stronger corporate governance of member firms can mitigate the adverse effect.

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