Corporate governance and financial features of Portuguese family firms
Autor(a) principal: | |
---|---|
Data de Publicação: | 2020 |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10071/20680 |
Resumo: | This study analyses whether corporate governance and financial features of private family firms are different from private non-family firms and discusses the role of private family firms in regional economic development. The evidence is drawn from a database of Portuguese private family owner-managed firms in order to determine the differences in the management and experiences of venture capital and other financing options. The main results demonstrated that family firms have significantly lower ratios of leverage, are less interested in venture capital, have much more experience in management and are less likely to be female than those in non-family firms. Our results indicate that the financial development of Portuguese private family firms is also consistent with the moderate tenet of family firms which could hamper their business growth and demonstrate that corporate governance features assist the family identity and the ability to exert family influence. |
id |
RCAP_55553bf4faf496c6ea285e00d87ffbfc |
---|---|
oai_identifier_str |
oai:repositorio.iscte-iul.pt:10071/20680 |
network_acronym_str |
RCAP |
network_name_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository_id_str |
7160 |
spelling |
Corporate governance and financial features of Portuguese family firmsAgency TheoryCorporate GovernanceCorporate Social ResponsibilityFamily BusinessFamily FirmsFinancial FeaturesNon-Family FirmsPortugalSocioemotional Wealth TheoryStewardship TheoryThis study analyses whether corporate governance and financial features of private family firms are different from private non-family firms and discusses the role of private family firms in regional economic development. The evidence is drawn from a database of Portuguese private family owner-managed firms in order to determine the differences in the management and experiences of venture capital and other financing options. The main results demonstrated that family firms have significantly lower ratios of leverage, are less interested in venture capital, have much more experience in management and are less likely to be female than those in non-family firms. Our results indicate that the financial development of Portuguese private family firms is also consistent with the moderate tenet of family firms which could hamper their business growth and demonstrate that corporate governance features assist the family identity and the ability to exert family influence.IGI Global2020-08-10T10:12:39Z2020-01-01T00:00:00Z20202020-08-10T11:11:50Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10071/20680eng2379-739810.4018/IJSECSR.2020010101Paiva, I.info:eu-repo/semantics/embargoedAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-11-09T17:36:47Zoai:repositorio.iscte-iul.pt:10071/20680Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T22:16:45.554036Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Corporate governance and financial features of Portuguese family firms |
title |
Corporate governance and financial features of Portuguese family firms |
spellingShingle |
Corporate governance and financial features of Portuguese family firms Paiva, I. Agency Theory Corporate Governance Corporate Social Responsibility Family Business Family Firms Financial Features Non-Family Firms Portugal Socioemotional Wealth Theory Stewardship Theory |
title_short |
Corporate governance and financial features of Portuguese family firms |
title_full |
Corporate governance and financial features of Portuguese family firms |
title_fullStr |
Corporate governance and financial features of Portuguese family firms |
title_full_unstemmed |
Corporate governance and financial features of Portuguese family firms |
title_sort |
Corporate governance and financial features of Portuguese family firms |
author |
Paiva, I. |
author_facet |
Paiva, I. |
author_role |
author |
dc.contributor.author.fl_str_mv |
Paiva, I. |
dc.subject.por.fl_str_mv |
Agency Theory Corporate Governance Corporate Social Responsibility Family Business Family Firms Financial Features Non-Family Firms Portugal Socioemotional Wealth Theory Stewardship Theory |
topic |
Agency Theory Corporate Governance Corporate Social Responsibility Family Business Family Firms Financial Features Non-Family Firms Portugal Socioemotional Wealth Theory Stewardship Theory |
description |
This study analyses whether corporate governance and financial features of private family firms are different from private non-family firms and discusses the role of private family firms in regional economic development. The evidence is drawn from a database of Portuguese private family owner-managed firms in order to determine the differences in the management and experiences of venture capital and other financing options. The main results demonstrated that family firms have significantly lower ratios of leverage, are less interested in venture capital, have much more experience in management and are less likely to be female than those in non-family firms. Our results indicate that the financial development of Portuguese private family firms is also consistent with the moderate tenet of family firms which could hamper their business growth and demonstrate that corporate governance features assist the family identity and the ability to exert family influence. |
publishDate |
2020 |
dc.date.none.fl_str_mv |
2020-08-10T10:12:39Z 2020-01-01T00:00:00Z 2020 2020-08-10T11:11:50Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10071/20680 |
url |
http://hdl.handle.net/10071/20680 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
2379-7398 10.4018/IJSECSR.2020010101 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/embargoedAccess |
eu_rights_str_mv |
embargoedAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
IGI Global |
publisher.none.fl_str_mv |
IGI Global |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
repository.mail.fl_str_mv |
|
_version_ |
1799134726242435072 |