所有权、控制权和生产力:比较视角下的家族企业

IF 9.3 1区 管理学 Q1 BUSINESS
Ruth V. Aguilera, Rafel Crespi-Cladera, Alfredo Martín-Oliver, Bartolomé Pascual-Fuster
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引用次数: 0

摘要

虽然产权理论在当代文献中已占据重要地位,但对其相关性的实证研究却明显不足。本研究深入探讨了产权理论对家族企业的影响及其对生产力的影响。具体而言,我们探讨了家族企业的特点如何影响企业资源的使用权、占有权和转让权所带来的利益和危害,从而影响生产过程,更具体地说,影响企业生产率的水平和增长。基于广泛的欧洲企业数据集,我们的研究结果表明,与非家族企业相比,家族企业在生产过程中倾向于优先考虑劳动力而非资本。此外,有关生产流程的独特决策导致家族企业的生产力水平一直较低。不过,我们也发现,当家族企业与非家族成员共享管理权和所有权控制权时,它们的劳动密集程度较低,并能实现较高的生产率和生产率增长。这表明,某些所有权和控制权结构可以帮助家族企业克服与非家族企业之间的生产率差距。总之,考虑到家族企业的独特性,我们的研究结果支持产权理论最新发展的观点。我们的研究为有关家族企业和公司治理的战略研究做出了贡献。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Ownership, Control, and Productivity: Family Firms in Comparative Perspective
While the property right theory has gained prominence in contemporary literature, there is a notable lack of empirical research into its relevance. This study delves into the implications of the property right theory concerning family-owned businesses and their impact on productivity. Specifically, we explore how family firms’ characteristics affect the benefits and hazards derived from the rights to utilize, appropriate, and transfer firm resources, influencing the production process and, more specifically, the levels and growth of a firm’s productivity. Based on an extensive dataset of European firms, our findings indicate that family-owned businesses tend to prioritize labor over capital in their production processes when compared with nonfamily firms. Moreover, the distinctive decisions regarding the production process lead to consistently lower levels of productivity in family firms. However, we also uncover that when family firms share with non–family members management and ownership control, they are less labor intensive and achieve higher productivity and productivity growth. This suggests that certain ownership and control structures can help family firms overcome the productivity gap with nonfamily firms. Overall, our findings support the ideas from recent developments in property rights theory, considering the unique characteristics of family-owned businesses. Our study contributes to strategy research on family firms and corporate governance.
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来源期刊
CiteScore
22.40
自引率
5.20%
发文量
0
期刊介绍: The Journal of Management (JOM) aims to publish rigorous empirical and theoretical research articles that significantly contribute to the field of management. It is particularly interested in papers that have a strong impact on the overall management discipline. JOM also encourages the submission of novel ideas and fresh perspectives on existing research. The journal covers a wide range of areas, including business strategy and policy, organizational behavior, human resource management, organizational theory, entrepreneurship, and research methods. It provides a platform for scholars to present their work on these topics and fosters intellectual discussion and exchange in these areas.
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