Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 2 of 2
Full-Text Articles in Business
Turnaround Response To Performance Decline In Family- Controlled Publicly-Traded Firms: A Three-Essay Investigation, Giacomo Laffranchini
Turnaround Response To Performance Decline In Family- Controlled Publicly-Traded Firms: A Three-Essay Investigation, Giacomo Laffranchini
Open Access Theses & Dissertations
This Dissertation investigates the first strategic response to performance decline (i.e., the retrenchment stage in the turnaround process) in family-owned businesses (FOBs). Specifically, I study how the interplay between financial and non-financial objectives in FOBs affects the strategic preferences of family-owners when circumstances put the wealth (financial and non-financial) of the family at stake. In this three-essay Dissertation, I employ the behavioral agency model (BAM) or the socioemotional wealth (SEW) preservation perspective to explain and predict the effect of SEW on an FOB's retrenchment strategies. While the SEW construct was used by previous studies, its direct measurement and the methodologies …
Institutional Context And Entrepreneurial Dynamism: Corruption, Distance To Frontier, Perceived Opportunity And Entrepreneurial Activity, Thaung Han
Open Access Theses & Dissertations
This Dissertation hypothesizes that corruption has both beneficial and detrimental effects on the entrepreneurial opportunity, and that such relationships is contingent on different levels of overall regulatory condition in ease of doing business. Beneficial effects and positive relationship can be seen in countries with poor regulatory procedures and the opposite is true for the countries with well-established ones, a complex relationship which could be visualized as a U-shaped relationship. This Dissertation further proposes that entrepreneurial perceived opportunity in turn positively relates to entrepreneurial intention, and this relationship is moderated by the facilitating effects of corruption to overcome the uncertainties and …