PL EN


Preferencje help
Widoczny [Schowaj] Abstrakt
Liczba wyników
2015 | t. 16, z. 7, cz. 2 Firmy rodzinne - doświadczenia i perspektywy zarządzania | 385--405
Tytuł artykułu

Ocena wpływu relacji własność-zarządzanie na wyniki finansowe polskich firm rodzinnych

Treść / Zawartość
Warianty tytułu
Evaluation of Ownership - Management Relation on Fundamentals of Financial Performance in Polish Family Businesses
Języki publikacji
PL
Abstrakty
Tematyka poruszająca istotę przedsiębiorczości rodzinnej w kontekście badań empirycznych na skalę międzynarodową stanowi dość młody kierunek opracowań naukowych, w szczególności w porównaniu do zagadnień związanych z zarządzaniem strategicznym, finansami oraz organizacją przedsiębiorstw. Do lat 80 XX wieku niewielu uczonych zwróciło uwagę na wyróżniający tę grupę firm charakter funkcjonowania, przede wszystkim w ujęciu własności, sprawowania funkcji zarządczych oraz wielopoziomowych i zawiłych relacji panujących w ich strukturze organizacyjnej.(fragment tekstu)
EN
The main purpose of this article is to verify the impact of corporate governance model on the financial performance of small family businesses in Poland. Implementation of the aim was held on the basis of empirical analysis of financial results over 24,000 small family businesses from the period 2008-2013. The results may suggest that involvement of the owner of the family business in the governance structure yields positive results in terms of achieved by those entities operating margin, net profit margin and return on equity and assets. These results may be an indication for the owners of family businesses in shaping the governance model. What is also important according to author's knowledge, this is the first verifying procedure of family owner involvement dependence on business efficiency on such a large sample of subjects in Poland.(author's abstract)
Twórcy
  • Uniwersytet Łódzki
  • Uniwersytet Łódzki
Bibliografia
  • Allio M. (2004), Family business. Theirvirtues, vices and strategypath, "Strategy and Leadership".
  • Anderson R.C., Reeb D.M. (2007), Foundingfamily ownership and firm performance: evidence from the S&P 500, "Journal of Finance", 58.
  • Argryis C. (1973), Organization Man: national and self- actualizing, "Public Administration Review, 33".
  • Arregle J.L., Hitt M., Simon D., Very P. (2007), The development of organizational social capital: attributes of family firms, "Journal of Management Studies", 44.
  • Arregle J-L., Hitt M.A., Sirmon D.G., Very P. (2007), The development of organizational social capital attributes of family firms, "Journal of Management Studies", vol. 44.
  • Astrachan J., Shanker M.C. (2003), Family businesses' contribution to the U.S. economy: a closer look, "Family Business Review", vol. 16.
  • Berghe L., Carchon S. (2003), Agency relations within the family business system. An exploratory approach, "CorporateGovernance", 11.
  • Bertrand M., Schoar A. (2006), The Role of Family In Family Firms, "Journal of Economic Perspectives", 20(2).
  • Bettinelli C. (2011), Board of Direcotrs in Family Firms: An Exploratory Study of Structure and Group Processes, "Family Business Review", vol. 24.
  • Burkat M., Panuzi F., Schleifer A. (2003), Family firms, "Journal of finance", vol. 58.
  • Carney M. (2005),Corporate governance and competitive advantage in family-controlled firms, "Entrepreneurship: Theory and Practice", vol. 29.
  • Chami R. (2001), What is different about family businesses?, IMF-Working Paper.
  • Chandler A.D. (1977), The visible hand: The managerial revolution in American business, M.A. Belknap Press, Cambridge.
  • Chrisman J.J., Chua J.H., R.A. Litz (2004), Comparing the agency costs of family and non-family firms: Conceptual issues and exploratory evidence, "Entrepreneurship Theory and Practice", vol.28.
  • Chrisman J.J., Chua, J.H., Pearson A.W., Barnett T. (2012), Family involvement, Family influence and Family- Centered Non-Economic Goals in Small Firms, "Entrepreneurship: Theory and Practice", vol. 42.
  • Christman J.J, Chua J.H, Kellermanns F.W., Chang E.P. (2007), Are family managers agents or stewards? An explanatory study in privately family firms ,"Journal of Business Research", vol. 60.
  • Chua, J.H., Chrisman, J.J. and Bergiel, E.B. (2009),An agency theoretic analysis of the professionalized family firm, "Entrepreneurship: Theory & Practice", vol. 33.
  • Claessens S., Djankov S., Fan J.P., Lang L.H. (2002), Disentangling the incentive and entrenchment effects of large shareholdings, "Journal of Finance", vol. 57.
  • Corbetta G., Salvato C. (2004), Self-serving or self-actualizing? Model of man and agency cost in different types of family firms: a commentary on "comparing the agency costs of family and non- family firms: conceptual issues and exploratory evidence", "Entrepreneurship Theory and Practice", vol. 28.
  • Daily C.M., Dollinger M.J. (1992), An empirical examination of ownership structure in family and professionally managed firms, "Family Business Review", vol. 5.
  • Davis J.A. (2008), Toward a Typology of Family Business Systems [w:] J. Tapies and J.L. Ward (eds.), Family Values and Value Creation: How do Family-Owned Business Foster Enduring Values, Palgrave Macmillan Publishers, New York.
  • Davis J.H., Shoorman R.D., Donaldson L. (1997), Toward a stewardship theory of management, "Acad Management Review", vol. 22(1).
  • De Massis A., Chua J.H., Chrisman J.J. (2008), Factors preventing intra-family succession, "Family Business Review", vol. 21(2).
  • Donaldson L., Davis J.H. (1991), Stewardship theory or agency theory: CEO governance and shareholders returns,"Australian Journal of Management", vol. 16.
  • Eddleston K.A., Kellermanns F.W. (2007), Destructive and productive family relationships: A stewardship theory perspective, "Journal of Business Venturing", vol. 22.
  • Eisenhardt K.M. (1989), Agency Theory: An Assessment and Review, "Academy of Management Review", 14(1).
  • Fama E.F., Jensen M.C. (1983), Separation of ownership and control, "Journal of Law and Economics", vol. 26.
  • Gedajlovic E., Lubaktin M.H., Schulze W.S. (2004), Crossing the Threshold from Founder Management to Professional Management: A Governance Perspective, "Journal of Management Studies", 41(5).
  • Gilson R. (2007), Controlling family shareholders in developing countries: Anchoring relational exchange,"Stanford Law Review", vol. 60.
  • Goel S., Jussila I., Ikaheimonen T. (2014), Governance in Family Firms: A Review and Research Agenda [w:] L. Melin, M.Nordqvist, P. Sharma (eds.), The SAGE Handbook of Family Business, Thousand Oaks, CA:SAGE.
  • Gomez-Mejia L.R., Hynes L.R., Nunez-Nickel M., Moyano-Funetes H. (2007), Socio-emotional wealth and business risk in family-controlled firms: evidence from Spanish olive oils mills, "Administrative Science Quarterly", vol. 52.
  • Grassby R. (2000), Kinship of capitalism, MA: Cambridge University Press, Cambridge.
  • Greenwood R. (2003), Commentary on:"toward a theory of agency and altruism in family firms", "Journal of Business Venturing",vol. 18.
  • Guzzo R.A., Abbott S. (1990), Family firms as utopian organizations, "Family Business Review", vol. 3.
  • Harvey M., Evans R.E. (1994), Family business and multiple level of conflicts, "Family Business Review", vol.7.
  • Heck R.K.Z., Hoy F., Poutziouris P.Z., Steier L.P. (2008), Emerging paths of family entrepreneurship research, "Journal of Small Business Management", vol. 46.
  • Hendry J. (2002), The principal's other problems: honest incompetence and the specification of objectives, "Academy of Management Review", vol.27.
  • Holmstorm B. (1979), Moral hazard and observability, "Bell Journal of Economics", vol.10.
  • Jaskiewicz P., Klein S. (2007), The impact of goal alignment on board composition and board size in family businesses, "Journal of Business Research", vol. 60.
  • Jensen M.C., Meckling W.H. (1976), Theory of the firm: Managerial agency costs and ownership structure, "Journal of Financial Economics", vol. 3.
  • Jeżak J. (2010), Ład korporacyjny. Doświadczenia światowe oraz kierunki rozwoju, Wydawnictwo C.H. Beck, Warszawa.
  • Kang D. (2000), Family ownership and performance in public corporations: A study of the U.S. Fortune 500, Working Paper 00-0051, Harvard Business School.
  • Kappes I., Schmid T. (2013), The Effect of Family Governance on Corporate Time Horizons, "Corporate Governance: An International Review", vol. 21(6).
  • Klein S. (2000), Family business in Germany, significance and structure, "Family Business Review", vol. 13.
  • Le Breton-Miller I., Miller D. (2006), Why do some family business outcompete? Governance, long-term orientations and sustainable capability, "Entrepreneurship: Theory and Practice", vol. 30.
  • Lee M-S., Rogoff E.G. (1996), Comparison of small businesses with family participation versus small businesses without family participation: an investigation of differences in goal, attitudes and family/business conflict, "Family Business Review", vol. 9.
  • Lubatkin M.H. (2007), One more time: what is a realistic theory of corporate governance, "Journal of Organizational Behaviour", vol. 28.
  • Lubatkin, M.H., Schulze W.S., Ling Y., Dino, R.N. (2005), The effects of parental altruism on the governance of family-managed firms, "Journal of Organizational Behavior", vol.26.
  • Majda A., Socha B. (2014), Relacja własność - zarządzanie i jej wpływ na wyniki finansowe polskich firm rodzinnych. Raport z badań własnych, "Przedsiębiorczość i Zarządzanie", Wydawnictwo SAN, tom XV, zeszyt 7, część II.
  • Miller D., Le Breton Miller I., Lester R.H., Cannella A. (2007), Are family firms really superior performers?, "Journal of Corporate Finance", vol. 13.
  • Miller D., Le Breton-Miller I. (2005), Managing for the long run. Lessons in competitive advantage from great family business, Harvard Business School Press, Boston.
  • Miller D., Le Breton-Miller I. (2006), Family governance and firm performance: Agency, stewardship and capabilities, "Family Business Review", vol. 10.
  • Miller D., Le Breton-Miller I., Scholnick B. (2008), Stewardship versus stagnation: An empirical comparison of small family and non-family businesses, "Journal of Management Studies", vol. 45.
  • Miller D., Lee J., Chang S., Le-Breton Miller I. (2009), Filling the institutional void: The social behavior and performance of family vs. non-family technology firms in emerging markets, "Journal of International Business Studies", vol. 40.
  • Morck R., Yeung B. (2003), Agency problems in large business group, "Entrepreneurship Theory and Practice", vol. 27(4).
  • Morck R., Yeung B. (2004), Family control and the rent seeking society, "Entrepreneurship: Theory& Practice", vol. 28.
  • Nicholsen G., Kiel G. (2007), Can directors impact performance?, A case-based test of three theories of corporate governance, "Corporate Governance: An International Review", vol. 15.
  • Nordqvist M, Sharma P, Chirico F. (2014), Family Firm Heterogeneity and Governance: A Configuration Approach, "Journal of Small Business Management", vol. 52 (2).
  • Pierce J.L., Kostova T., Driks K.T. (2001), Toward a theory of psychological ownership in organizations, "Academy of Management Review", vol. 26.
  • Schulze W., Lubatkin M.H., Dino R.N., Buchholtz A.K. (2001), Agency relationships in family firms: Theory and evidence, "Organization Science", vol.12.
  • Schulze W.S., Lubatkin M.H., Dino R.N. (2003), Towards a theory of agency and altruism in family firms, "Journal of Business Venturing", vol. 18.
  • Siebels J.F., Knyphausen-Aufesess D. (2012), A review of Theory in Family Business Research: The implications for Corporate Governance, "International Journal of Management Review", vol. 14.
  • Stark O., Falk I. (1998), Transfers, empathy formation, and reverse transfers, "American Economic Review", vol.88.
  • Tosi H.L., Silva A.L., Katz J.P. (2003), An empirical exploration of decision-making under agency controls and stewardship structure, "Journal of Management Studies", vol. 40(8).
  • Villalonga B., Amit R. (2006), How do family ownership, control and management affect firm value?, "Journal of Finance Economics", vol. 80.
  • Weber J., Lavelle L., Lowry T., Zellner W., Barrett A. (2003), Family Inc, "Business Week", 3857, November.
  • Zahra S.A. (2003), International expansion of U.S. manufacturing family businesses: the effect of ownership and involvement. Theories of family business, "Journal of Business Venturing", vol.18.
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171403493

Zgłoszenie zostało wysłane

Zgłoszenie zostało wysłane

Musisz być zalogowany aby pisać komentarze.
JavaScript jest wyłączony w Twojej przeglądarce internetowej. Włącz go, a następnie odśwież stronę, aby móc w pełni z niej korzystać.