1,721,116 research outputs found
The role of strategic plan presentations of listed companies as a supplementary communication tool
No full textThe sudden collapse of well-regarded and much celebrated companies like Enron, Vivendi, or Parmalat has highlighted the inability of traditional financial statement to fully cope with the information needs of the financial markets. A possible solution is extending the scope of business reporting to incorporate greater discussion of the critical drivers of business success, more non-financial performance indicators, and more forward-looking information (FLI). A second approach suggests using press releases, company websites, meetings with the management, conference calls and presentations to the financial community as a means of integrating communication. In the paper, for the first time, presentations of strategic plans to analysts and investors are studied as integrative communication tool for voluntary disclosure of FLI. Findings show that strategic plan presentations contain a significant amount of FLI and that the variables related to the amount of FLI contained in strategic plan presentations are the same variables related to other communication tools for voluntary disclosure, thus providing evidence that companies may use strategic plan presentations as a supplementary communication tool
An overview of the field of HRM practices in family small and medium-sized enterprises: the formality and informality diemension
No full textLiterature on HRM in family SMEs is still sparse, despite the relevance of human resources
for family SMEs in creating competitive advantage. Liabilities of smallness and resource
constraints make it difficult for family SMEs to attract and retain skilled people and to
implement formal HRM practices. On the other hand, informality helps in developing a
feeling of teamwork and strong social relationships and in increasing workers’ motivation.
Through a review of the existing literature, the paper intends to capture evidences in family
SMEs, between the formal HRM approach and the informal one and aim to answer to the
following questions: 1) In family SMEs, what are the factors that influence the choice of
informal HRM practices versus the formal ones? 2) What are the contingencies that push
family SMEs to formalize HRM practices
Human resources and mutual gains in family firms: New developments and possibilities on the horizon
No full textHuman resources are paramount to family firms and to families in business because they are essential for achieving human flourishing and building family businesses that last for generations. Despite the increasing focus on HR in recent years, our understanding of the drivers, processes, and outcomes of family firm HR practices is still in its infancy. As a result, the development of useful theory has opportunity to grow. The aim of our Special Issue is to demonstrate the power of the mutual gains perspective to advance actionable insights around HR issues in family business scholarship and practice. Toward this aim, this Special Issue presents five research articles that have taken the mutual gains perspective to heart in their own ways, making significant contributions not only to the family business field but also to the HRM domain and beyond. Inspired by, but also going beyond the articles in this Special Issue, we develop concrete ideas and questions that flesh out new developments and possibilities on the horizon, using the following question as a leitmotiv: “How can family business research and practice help create healthy, flourishing family firms for flourishing people (family and nonfamily), taking into account the heterogeneity of family firms and families in business?”As guest editors, we would like to thank everyone who responded positively to our call for papers for this Special Issue. We want to thank the authors and reviewers of the articles included in this Special Issue for their enriching collaboration. We would also like to thank JFBS Editorin-Chief Torsten Pieper for his excellent guidance throughout the process
Le PMI familiari in Italia tra tradizione e novità
No full textQuesto libro presenta i risultati di una ricerca pluriennale che offre per la prima volta un quadro statisticamente rilevante delle piccole e medie imprese familiari italiane e, in particolare, dei rapporti famiglia-impresa. Il libro è diviso in due parti. La prima delinea il quadro di insieme delle PMI familiari dal punto di vista dei settori, delle dimensioni, delle strategie, delle prformance, degli assetti proprietari, di governo e organizzativi e della gestione del ricambio generazionale. La seconda parte approfondisce alcune tematiche affrontando le questioni chiave nel dibattito scientifico sulla family business governance, ad esempio: qual è l'impatto del funzionamento effettivo degli organi di governo sulle performance aziendali? Quali variabili fanno sì che gli organi di governo effettivamente funzionino? Come si configurano i sistemi di organi di governo, funzionanti e non? Quale ruolo giocano gli organi informali come i consigli di famiglia? I risultati, ancorchè non definitivi, mostrano che una governance efficace favorisce la continuità aziendale ed è sempre più necessaria data l'evoluzione in atto dei rapporti tra imprese e famiglie proprietarie
Board task performance in small companies: The role of directors’ incentives and board behaviour
No full textVarious calls have been made for publications that dismantle existing fortresses in corporate governance research. In this article we address three issues that are perceived as important: the exploration of boards in small firms, the exploration of board processes, and the understanding of board effectiveness based on measures of actual board task performance. The lack of research attention on these issues is largely based on difficulties in getting access to reliable data. We have collected data from a sample of small Norwegian firms. Constructs and relationships are validated and tested through LISREL analyses. We found that concepts related to board processes had considerable impact on actual board task performance, but also that the impacts of various process concepts (e.g. commitment, information seeking and openness) have different impacts on different board tasks (e.g. networking, advisory and control). Traditional board demographic variables were used as control variables, but generally they had only minor influence on board task performance. We found, however, that a measure related to the intrinsic motivation of the board members significantly influenced the board processes
Woman and the glass ceiling: the role of professionalization in family SMEs
No full text‘This is a very business-like book in its approach. It has an impressive global reach in its authorship, focal areas and use of evidence; it hits all the major practical challenges of family firms in a spirit that is fresh and current; and it deals with the cutting-edge themes and issues that are uppermost in the minds of owners, executives, advisors and researchers in the field.’
– Nigel Nicholson, London Business School, UK, author, Managing the Human Animal, Family Wars and The ‘I’ of Leadershi
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