Long‐Term Orientation in Publicly Traded Family Businesses: Evidence of a Dominant Logic

25 Pages Posted: 6 Jul 2016

See all articles by Rich Gentry

Rich Gentry

University of Mississippi - Department of Management

Clay Dibrell

Oregon State University - College of Business

Jaemin Kim

Fowler College of Business

Date Written: July 2016

Abstract

Drawing from the behavioral theory of the firm, we examine the role of a long‐term orientation in decision making at publicly traded, family‐influenced firms (FIFs). We advance a view of the family as part of a firm's dominant coalition and the resulting effects of a family‐influenced coalition on the FIF's decision making. Using a sample of publicly traded firms, our findings indicate that FIFs' decision making reflects a focus on a long‐term orientation, manifested in the greater accumulation of slack resources, less strategic risk taking, and lower bankruptcy risk than non‐FIF firms.

Suggested Citation

Gentry, Richard J. and Dibrell, Clay and Kim, Jaemin, Long‐Term Orientation in Publicly Traded Family Businesses: Evidence of a Dominant Logic (July 2016). Entrepreneurship Theory and Practice, Vol. 40, Issue 4, pp. 733-757, 2016. Available at SSRN: https://ssrn.com/abstract=2804811 or http://dx.doi.org/10.1111/etap.12140

Richard J. Gentry (Contact Author)

University of Mississippi - Department of Management ( email )

United States
662-259-0163 (Phone)

HOME PAGE: http://faculty.bus.olemiss.edu/rgentry/

Clay Dibrell

Oregon State University - College of Business ( email )

Corvallis, OR 97331
United States

Jaemin Kim

Fowler College of Business ( email )

San Diego State University
5500 Campanile Drive
San Diego, CA 92182-8236
United States
619-594-2721 (Phone)

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