Suchergebnisse

Hiring and working with non-family managers can present challenges to the family business. However, it is essential to create an environment in which non-family managers can suceed for the good of the business and the good of the family. This book explores the processes of hiring, managing, and retaining talented outside executives.

AbstractManuscript TypeEmpiricalResearch Question/IssueFamily control in family firms can extend beyond the direct involvement of family members, but identifying these mechanisms is difficult in most markets. We utilize unique disclosures made by Taiwanese firms to examine the role played by family representatives in listed family firms. Family representatives are non‐family members that represent the controlling family's indirect shareholdings in the firm. We examine whether family representatives are used in the same manner as family members and whether they provide net benefits or costs to shareholders.Research Findings/InsightsIn our sample of listed family firms, we find that omitting family representatives understates the influence of controlling families by 46 percent. We show that family representatives are associated with net costs to shareholders, but to a lesser extent than family members. We also find that controlling families use family members and family representatives differently. Family members are more involved in older family firms and in firms founded by the family. Family representatives are more involved in acquired and second generation family firms and in larger firms with more fixed assets.Theoretical/Academic ImplicationsWe apply agency theory to the use of family representatives and show that family representatives are being used by controlling families to extend their influence within their firms, increasing agency costs to minority shareholders.Practitioner/Policy ImplicationsFor policymakers, our analysis shows that disclosure of family member and representative relationships within firms is important and value‐relevant to investors. Furthermore, our results suggest that firm performance could be improved by limiting the involvement of family members and family representatives in family firms.

Cover -- Title Page -- Copyright Page -- Table Of Contents -- Chapter One: A Treasure Hunt -- Chapter Two: Other Kinds Of Families -- Chapter Three: Families Take Care Of You -- Chapter Four: Different Can Be Great -- Make A "One Great Thing" Poster -- Glossary -- To Learn More/Index -- Back Cover

The analysis of the recent changes in the legislation concerning family rights and family policy in Poland contains two parts. The first one will reflect upon legal obligations of public authorities towards families stemming from the Constitution and legal acts. The second one is devoted to an analysis of the recent changes in family-related legal provisions and their evaluation in context of both human rights guarantees and the influence on the welfare of families. ; Olaf Szczypiński

"Family policy gained considerable relevance which is reflected by the current public attention to family issues. In regard to many recommendations of the KVI in 2001 improvements can be reported which family research profited from in a considerable way. However, pertaining to quality and content progress in data provision since the beginning of the 21st century was limited. Particularly, the availability of longitudinal data to study social and family related processes on different levels and regarding different dimensions of family development has to be
extended. Data are needed not only to describe family change in an adequate way but also to model the structural and non-structural determinants and 'outcomes' of couples' and family dynamics or family relationships over time – both retrospectively and prospectively. Therefore, additionally to an improved family related report system provided by the official statistics prospective panel studies collecting longitudinal (socio-)structural and non-structural information on the dynamics of individuals' living arrangements over time are urgently needed." [author's abstract]

Family legacy stories recover an understanding of family health that has become marginalized in the predominant ways that family health is studied in the family disciplines. This article describes what family legacy means for family and family member health concerns, activities, and practices in their everyday life. Six families with school-age children took part in an interpretive study of health practices and concerns in families. Five to six in-depth family group interviews were conducted with each family using semistructured, open-ended questions. All families had meaningful family legacy stories that set up health concerns and shaped health practices, activities, and habits. A paradigm case exemplifies how a family may extend, flee from, and/or reshape family-of-origin legacies in their family of progeny. Exploring and acknowledging family legacy recognizes a rich part of family life and can enhance the nurse's and family's understanding of family health and related practices, activities, and habits.