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Goal Structures in Family Firms: Empirical Evidence on the Relationship between Firm and Family Goals
Achleitner, Ann-Kristin | Bock, Carolin | Braun, Reiner | Schraml, Stephanie | Welter, Juliane
ZfKE – Zeitschrift für KMU und Entrepreneurship, Vol. 58 (2010), Iss. 3 : pp. 267–294
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Prof. Dr. Dr. Ann-Kristin Achleitner, Technische Universität München, KfW-Stiftungslehrstuhl für Entrepreneurial Finance, CEFS, Arcisstr. 21, D-80333 München, Deutschland.
- Prof. Dr. Dr. Ann-Kristin Achleitner holds the KfW Endowed Chair in Entrepreneurial Finance and is Academic Director of the CEFS at the Technische Universität München. Her research interests are Entrepreneurship and Entrepreneurial Finance.
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Dr. Carolin Bock, Technische Universität München, KfW-Stiftungslehrstuhl für Entrepreneurial Finance, CEFS, Arcisstr. 21, D-80333 München, Deutschland.
- Dr. Carolin Bock is Assistant Professor at the KfW Endowed Chair in Entrepreneurial Finance at the Technische Universität München. Her research interests are Entrepreneurship and Entrepreneurial Finance.
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Dr. Reiner Braun, Technische Universität München, KfW-Stiftungslehrstuhl für Entrepreneurial Finance, CEFS, Arcisstr. 21, D-80333 München, Deutschland.
- Dr. Reiner Braun is Assistant Professor at the KfW Endowed Chair in Entrepreneurial Finance at the Technische Universität München. His research interests are Entrepreneurship and Entrepreneurial Finance.
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Dr. Stephanie Schraml, KfW-Stiftungslehrstuhl für Entrepreneurial Finance, Technische Universität München, CEFS, Arcisstr. 21, D-80333 München, Deutschland.
- Dr. Stephanie Schraml did her doctorate at the KfW Endowed Chair in Entrepreneurial Finance at the Technische Universität München about financing of family firms. She works now in her family owned business and is in charge of product management and controlling.
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Juliane Welter, Technische Universität München, CEFS, Arcisstr. 21, D-80333 München, Deutschland.
- Juliane Welter has been postgraduate student at the KfW Endowed Chair in Entrepreneurial Finance at the Technische Universität München. She majored in Entrepreneurial Finance and wrote her final thesis on goal structures in family firms. After earning her diploma, she joined an international strategy consultancy firm.
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Family Influence and Management Accounting Usage — Findings from Germany and Austria
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https://doi.org/10.1007/BF03396880 [Citations: 48] -
Family Firm Goals and their Effects on Strategy, Family and Organization Behavior: A Review and Research Agenda
Williams, Ralph I. | Pieper, Torsten M. | Kellermanns, Franz W. | Astrachan, Joseph H.International Journal of Management Reviews, Vol. 20 (2018), Iss. S1
https://doi.org/10.1111/ijmr.12167 [Citations: 91] -
Engagement of family executive members in intrapreneurship in the family business
Carmeli, Abraham | Dothan, AriThe Journal of Technology Transfer, Vol. (2023), Iss.
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Abstract
We investigate goal structures in family firms and provide several findings based on a survey among the shareholders of German companies. Our analysis reveals that the importance that is attributed to family or firm goals depends on certain firm characteristics. First of all, strong family influence by itself favors the orientation towards family goals. In line with other empirical studies we find that the existence of an advisory board leads to reduced importance of family goals. However, we find that a larger firm size results in higher significance of family goals.