Professional versus family management in Brazilian fashion retail companies: exploring value-investors’ perceptions
Autor(a) principal: | |
---|---|
Data de Publicação: | 2017 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Cadernos EBAPE.BR |
Texto Completo: | http://old.scielo.br/scielo.php?script=sci_arttext&pid=S1679-39512017000300559 |
Resumo: | Abstract Regarding the debate on which sort of management - professional or family administration - would more effectively run businesses, this paper discusses the advantages and shortcomings of family and professional management from a theoretical and a practitioner’s viewpoint. The study aims at contributing to our understanding about the superiority that either type of management might have delivering long-term performance and value creation to shareholders. Six investors from top value investment funds were interviewed regarding the management of seven fashion retail Brazilian companies. Data analysis revealed that investors do not prefer either type of management - family or professional - when they make investments. Instead, they do look for specific characteristics and patterns of behavior in a CEO, which resemble Selznick’s (1957) definition of an institutional leader. Finally, the paper suggests a new path of research for scholars (relating old institutionalism and professionalism) and practical guidelines for each type of management (family or professional), offering, therefore, an academic as well as a practical contribution. |
id |
FGV-9_129ab02031bbdc0fd21ed4bdfaaceaa5 |
---|---|
oai_identifier_str |
oai:scielo:S1679-39512017000300559 |
network_acronym_str |
FGV-9 |
network_name_str |
Cadernos EBAPE.BR |
repository_id_str |
|
spelling |
Professional versus family management in Brazilian fashion retail companies: exploring value-investors’ perceptionsFamily firmsFamily businessProfessional managementProfessionalismValue-investors.Abstract Regarding the debate on which sort of management - professional or family administration - would more effectively run businesses, this paper discusses the advantages and shortcomings of family and professional management from a theoretical and a practitioner’s viewpoint. The study aims at contributing to our understanding about the superiority that either type of management might have delivering long-term performance and value creation to shareholders. Six investors from top value investment funds were interviewed regarding the management of seven fashion retail Brazilian companies. Data analysis revealed that investors do not prefer either type of management - family or professional - when they make investments. Instead, they do look for specific characteristics and patterns of behavior in a CEO, which resemble Selznick’s (1957) definition of an institutional leader. Finally, the paper suggests a new path of research for scholars (relating old institutionalism and professionalism) and practical guidelines for each type of management (family or professional), offering, therefore, an academic as well as a practical contribution.Fundação Getulio Vargas, Escola Brasileira de Administração Pública e de Empresas2017-07-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersiontext/htmlhttp://old.scielo.br/scielo.php?script=sci_arttext&pid=S1679-39512017000300559Cadernos EBAPE.BR v.15 n.3 2017reponame:Cadernos EBAPE.BRinstname:Fundação Getulio Vargas (FGV)instacron:FGV10.1590/1679-395156974info:eu-repo/semantics/openAccessKogut,Clarice SecchesFleck,Deniseeng2017-10-11T00:00:00Zoai:scielo:S1679-39512017000300559Revistahttp://bibliotecadigital.fgv.br/ojs/index.php/cadernosebape/indexhttps://old.scielo.br/oai/scielo-oai.phpcadernosebape@fgv.br||cadernosebape@fgv.br1679-39511679-3951opendoar:2017-10-11T00:00Cadernos EBAPE.BR - Fundação Getulio Vargas (FGV)false |
dc.title.none.fl_str_mv |
Professional versus family management in Brazilian fashion retail companies: exploring value-investors’ perceptions |
title |
Professional versus family management in Brazilian fashion retail companies: exploring value-investors’ perceptions |
spellingShingle |
Professional versus family management in Brazilian fashion retail companies: exploring value-investors’ perceptions Kogut,Clarice Secches Family firms Family business Professional management Professionalism Value-investors. |
title_short |
Professional versus family management in Brazilian fashion retail companies: exploring value-investors’ perceptions |
title_full |
Professional versus family management in Brazilian fashion retail companies: exploring value-investors’ perceptions |
title_fullStr |
Professional versus family management in Brazilian fashion retail companies: exploring value-investors’ perceptions |
title_full_unstemmed |
Professional versus family management in Brazilian fashion retail companies: exploring value-investors’ perceptions |
title_sort |
Professional versus family management in Brazilian fashion retail companies: exploring value-investors’ perceptions |
author |
Kogut,Clarice Secches |
author_facet |
Kogut,Clarice Secches Fleck,Denise |
author_role |
author |
author2 |
Fleck,Denise |
author2_role |
author |
dc.contributor.author.fl_str_mv |
Kogut,Clarice Secches Fleck,Denise |
dc.subject.por.fl_str_mv |
Family firms Family business Professional management Professionalism Value-investors. |
topic |
Family firms Family business Professional management Professionalism Value-investors. |
description |
Abstract Regarding the debate on which sort of management - professional or family administration - would more effectively run businesses, this paper discusses the advantages and shortcomings of family and professional management from a theoretical and a practitioner’s viewpoint. The study aims at contributing to our understanding about the superiority that either type of management might have delivering long-term performance and value creation to shareholders. Six investors from top value investment funds were interviewed regarding the management of seven fashion retail Brazilian companies. Data analysis revealed that investors do not prefer either type of management - family or professional - when they make investments. Instead, they do look for specific characteristics and patterns of behavior in a CEO, which resemble Selznick’s (1957) definition of an institutional leader. Finally, the paper suggests a new path of research for scholars (relating old institutionalism and professionalism) and practical guidelines for each type of management (family or professional), offering, therefore, an academic as well as a practical contribution. |
publishDate |
2017 |
dc.date.none.fl_str_mv |
2017-07-01 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://old.scielo.br/scielo.php?script=sci_arttext&pid=S1679-39512017000300559 |
url |
http://old.scielo.br/scielo.php?script=sci_arttext&pid=S1679-39512017000300559 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
10.1590/1679-395156974 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
text/html |
dc.publisher.none.fl_str_mv |
Fundação Getulio Vargas, Escola Brasileira de Administração Pública e de Empresas |
publisher.none.fl_str_mv |
Fundação Getulio Vargas, Escola Brasileira de Administração Pública e de Empresas |
dc.source.none.fl_str_mv |
Cadernos EBAPE.BR v.15 n.3 2017 reponame:Cadernos EBAPE.BR instname:Fundação Getulio Vargas (FGV) instacron:FGV |
instname_str |
Fundação Getulio Vargas (FGV) |
instacron_str |
FGV |
institution |
FGV |
reponame_str |
Cadernos EBAPE.BR |
collection |
Cadernos EBAPE.BR |
repository.name.fl_str_mv |
Cadernos EBAPE.BR - Fundação Getulio Vargas (FGV) |
repository.mail.fl_str_mv |
cadernosebape@fgv.br||cadernosebape@fgv.br |
_version_ |
1754115885907312640 |