财务管理与家族企业:透视文章

IF 3.6 Q2 MANAGEMENT
John Scott Strong
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引用次数: 0

摘要

目的本研究旨在回顾家族企业财务管理研究的主要主题和发现,并为未来研究提出新方向。本文总结了家族企业财务管理方面的主要研究流派。先前的研究发现,家族企业在财务业绩、财务政策以及所有权和治理结构和行为方面存在显著差异。这些研究结果因行业、国家和经济发展阶段而异。虽然这些研究的延伸将使作者对家族企业财务的理解更加丰富,但最近在企业的角色和组织以及获取关键资源方面的创新表明,新的研究路径大有可为。此外,从家族企业的财务实践中还可以汲取一些重要的经验教训,这些经验教训具有更广泛的适用性。原创性/价值这是一篇透视性文章,指出家族企业的许多核心财务和治理问题对非家族企业具有更广泛的适用性。将这些经验应用于更广泛的企业财务背景中,可带来巨大的价值。融资、治理和组织设计方面的创新正在改变家族企业的财务管理。此外,市场和行业的变化也为家族企业的融资和新的战略机遇创造了新的机会。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Financial management and family business: a perspective article

Purpose

This study aims to review major themes and findings of research into financial management of family business and to suggest new directions for future research.

Design/methodology/approach

This is a perspective article beginning with literature review to summarize prior research and to identify main findings and issues. The paper then develops themes, questions and opportunities for future research.

Findings

This paper presents a summary of principal research streams in the financial management of family business. Prior research has found significant differences in financial performance, in financial policies and in ownership and governance structures and behavior. These research findings vary by industry, by country and by stage of economic development. While extensions of these streams will add additional richness to the author’s understanding of finance in family business, recent innovations in the role and organization of the firm and in access to key resources suggest promising new research paths. There are also important lessons from financial practices in family business that have broader applicability.

Originality/value

This is a perspective article suggesting that many financial and governance issues central to family business have broader applicability to nonfamily business. Substantial value can be added by applying these learnings to a broader corporate finance context. Innovations in financing, governance and organizational design are transforming financial management in family business. In addition, changes in markets and industries create new opportunities for financing family business and for new strategic opportunities.

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来源期刊
CiteScore
5.50
自引率
33.30%
发文量
51
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