Exploring the Causes of Accounting Restatements by Family Firms

Before the seventeenth century, trade across Eurasia was mostly conducted in short segments along the Silk Route and Indian Ocean. Business was organized in family firms, merchant networks, and state-owned enterprises, and dominated by Chinese, Indian, and Arabic traders. However, around 1600 the first two joint-stock corporations, the English and Dutch East India Companies, were established. This book tells the story of overland and maritime trade without Europeans, of European Cape Route trade without corporations, and of how new, large-scale, and impersonal organizations arose in Europe to control long-distance trade for more than three centuries. It shows that by 1700, the scene and methods for global trade had dramatically changed: Dutch and English merchants shepherded goods directly from China and India to northwestern Europe. To understand this transformation, the book compares the organizational forms used in four major regions: China, India, the Middle East, and Western Europe. The English and Dutch were the last to leap into Eurasian trade, and they innovated in order to compete. They raised capital from passive investors through impersonal stock markets and their joint-stock corporations deployed more capital, ships, and agents to deliver goods from their origins to consumers. The book explores the history behind a cornerstone of the modern economy, and how this organizational revolution contributed to the formation of global trade and the creation of the business corporation as a key factor in Europe's economic rise.

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Family Firms, Social Responsibility, and Non-Family Member Employees Identification

Think India ◽

10.26643/think-india.v16i3.7816 ◽

2013 ◽

Vol 16 (3) ◽

pp. 10-19

Author(s):

Ang Bao

Keyword(s):

Resource Allocation ◽

Social Responsibility ◽

Family Member ◽

Program Implementation ◽

Social Identity Theory ◽

Family Firms ◽

The Family ◽

Corporate Social ◽

The Relationship ◽

Csr Engagement

The objective of this paper is to find the relationship between family firms’ CSR engagement and their non-family member employees’ organisational identification. Drawing upon the existing literature on social identity theory, corporate social responsibility and family firms, the author proposes that family firms engage actively in CSR programs in a balanced manner to increase non-family member employees’ organisational identification. The findings of the research suggest that by developing and implementing balanced CSR programs, and actively getting engaged in CSR activities, family firms may help their non-family member employees better identify themselves with the firms. The article points out that due to unbalanced CSR resource allocation, family firms face the problem of inefficient CSR program implementation, and are suggested to switch alternatively to an improved scheme. Family firms may be advised to take corresponding steps to select right employees, communicate better with non-family member employees, use resources better and handle firms’ succession problems efficiently. The paper extends employees’ identification and CSR research into the family firm research domain and points out some drawbacks in family firms’ CSR resource allocation while formerly were seldom noticed.

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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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Innovations in Small and Medium-Sized Family Firms

10.1007/978-3-658-00063-9 ◽

2013 ◽

Cited By ~ 4

Author(s):

Nils Kraiczy

Keyword(s):

Family Firms

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Employer branding and psychological contract in family and non-family firms

10.31234/osf.io/7cfsu ◽

2020 ◽

Author(s):

Duarte Pimentel

Keyword(s):

Empirical Evidence ◽

Psychological Contract ◽

Family Firms ◽

Positive Impact ◽

Family Businesses ◽

Employer Branding ◽

Privately Owned

This study compares the perceptions of employer branding and psychological contract levels of employees of family and non-family firms. Specifically, to better understand the dynamics of family businesses, we assess the extent to which employer branding perceptions have an impact on the employees' psychological contract levels. The empirical evidence is provided by a sample of 165 Portuguese employees (76 from family businesses and 89 from non-family businesses), working in small and medium-sized privately-owned companies. The results confirmed the research hypotheses, suggesting that employees of family companies have higher perceptions of employer branding and psychological contract levels than those of employees of non-family companies, also revealing that employer branding has a positive impact on the psychological contract levels of family firm’s employees.

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Corporate Social Responsibility and Earnings Management: The Moderating Role of Family Ownership

10.34091/ajss.12.1.14 ◽

2019 ◽

Vol 12 (1) ◽

Author(s):

Asif Saeed ◽

Aijaz Mustafa Hashmi ◽

Attiya Yasmin Javid

Keyword(s):

Corporate Social Responsibility ◽

Social Responsibility ◽

Earnings Management ◽

Family Firms ◽

Negative Impact ◽

Stock Exchange ◽

Least Square ◽

Family Ownership ◽

Corporate Social ◽

The Impact

This study aims to explore the impact of family ownership on the relationship among corporate social responsibility (CSR) and earning management (EM) in Pakistan. Data is collected from nonfinancial listed firms on Pakistan Stock Exchange (PSE) for the period 2009-2017. Our results of pooled ordinary least square regression indicate that CSR has significant negative impact on EM. Furthermore, results also indicate that association between CSR and EM is moderated by family ownership. Family firms which perform CSR activities are less involved in EM as compare to nonfamily firms perform CSR activities. This variation in behavior of EM in family and non-family firms can possibly be explained by socioemotional wealth theory. Keywords: Corporate Social Responsibility, Earnings Management, Family Ownership

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