Conclusions: Researching family business groups: Lessons learned and avenues for further research

Allan Discua Cruz, Maria Jose Parada Balderrama, Pihkala Timo, Rautiainen Marita, Rosa Peter

Producció científica: Capítol de llibreCapítol


People who start and manage multiple businesses are common worldwide. Similarly, most large companies of national or global significance are business groups of legally independent firms rather than organized as a single organization. This constitutes a paradox that has preoccupied business researchers for several decades. Why do business groups exist and persist when focusing on just one business is apparently so much easier? That large family businesses are also commonly organized as business groups, has only recently been realized. For the last two decades, there has been a slow but steady increase in researchers focusing on family business groups and their differences from non-family groups. Particular research has focused on how pyramid family business groups help controlling families leverage capital from the shareholders of affiliates to fund growth where external capital and equity is not freely available or desirable. There has been little research beyond this exploration of the complexities of ownership and family management and how they relate to differing business group organizational forms.
Idioma originalAnglès
Títol de la publicacióThe family business group phenomenon: Emergence and complexities
Estat de la publicacióPublicada - 1 de nov. 2018


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