Home > Research > Publications & Outputs > Family-Centered goals, family board representat...

Research

Links

Text available via DOI:

Keywords

View graph of relations

Family-Centered goals, family board representation, and debt financing

Research output: Contribution to Journal/Magazine › Journal article › peer-review

Published

Standard

Family-Centered goals, family board representation, and debt financing. / Molly, Vincent; Uhlaner, Lorraine M.; De Massis, Alfredo Vittorio et al.
In: Small Business Economics, Vol. 53, No. 1, 01.06.2019, p. 269-286.

Research output: Contribution to Journal/Magazine › Journal article › peer-review

Harvard

Molly, V, Uhlaner, LM, De Massis, AV & Laveren, E 2019, 'Family-Centered goals, family board representation, and debt financing', Small Business Economics, vol. 53, no. 1, pp. 269-286. https://doi.org/10.1007/s11187-018-0058-9

APA

Molly, V., Uhlaner, L. M., De Massis, A. V., & Laveren, E. (2019). Family-Centered goals, family board representation, and debt financing. Small Business Economics, 53(1), 269-286. https://doi.org/10.1007/s11187-018-0058-9

Vancouver

Molly V, Uhlaner LM, De Massis AV, Laveren E. Family-Centered goals, family board representation, and debt financing. Small Business Economics. 2019 Jun 1;53(1):269-286. Epub 2018 May 7. doi: 10.1007/s11187-018-0058-9

Author

Molly, Vincent ; Uhlaner, Lorraine M. ; De Massis, Alfredo Vittorio et al. / Family-Centered goals, family board representation, and debt financing. In: Small Business Economics. 2019 ; Vol. 53, No. 1. pp. 269-286.

Bibtex

@article{5782d1c8daf1437397123e329d754492,
title = "Family-Centered goals, family board representation, and debt financing",
abstract = "This study investigates the effect of both family-centered goals and family board representation (family member representation on the board of directors) on family firm capital structure. Based on a sample of 327 Belgian family SMEs, our findings show that family-centered goals indirectly affect the total debt rate through family board representation. More specifically, the results indicate that this mediating effect holds primarily for the short-term (vs. long-term) debt rate and for the financial (vs. nonfinancial) debt rate. Taken together, our findings suggest that the socioemotional wealth (SEW) perspective is relevant and fruitful to explain debt decisions in family firms. Our findings contribute to family business literature and enable scholars and practitioners to gain a better understanding of family firm capital structure decisions.",
keywords = "Family business, Family-centered goals, Financing, Debt, Governance, Board of directors, Socioemotional wealth",
author = "Vincent Molly and Uhlaner, {Lorraine M.} and {De Massis}, {Alfredo Vittorio} and Eddy Laveren",
year = "2019",
month = jun,
day = "1",
doi = "10.1007/s11187-018-0058-9",
language = "English",
volume = "53",
pages = "269--286",
journal = "Small Business Economics",
issn = "0921-898X",
publisher = "Springer New York LLC",
number = "1",

}

RIS

TY - JOUR

T1 - Family-Centered goals, family board representation, and debt financing

AU - Molly, Vincent

AU - Uhlaner, Lorraine M.

AU - De Massis, Alfredo Vittorio

AU - Laveren, Eddy

PY - 2019/6/1

Y1 - 2019/6/1

N2 - This study investigates the effect of both family-centered goals and family board representation (family member representation on the board of directors) on family firm capital structure. Based on a sample of 327 Belgian family SMEs, our findings show that family-centered goals indirectly affect the total debt rate through family board representation. More specifically, the results indicate that this mediating effect holds primarily for the short-term (vs. long-term) debt rate and for the financial (vs. nonfinancial) debt rate. Taken together, our findings suggest that the socioemotional wealth (SEW) perspective is relevant and fruitful to explain debt decisions in family firms. Our findings contribute to family business literature and enable scholars and practitioners to gain a better understanding of family firm capital structure decisions.

AB - This study investigates the effect of both family-centered goals and family board representation (family member representation on the board of directors) on family firm capital structure. Based on a sample of 327 Belgian family SMEs, our findings show that family-centered goals indirectly affect the total debt rate through family board representation. More specifically, the results indicate that this mediating effect holds primarily for the short-term (vs. long-term) debt rate and for the financial (vs. nonfinancial) debt rate. Taken together, our findings suggest that the socioemotional wealth (SEW) perspective is relevant and fruitful to explain debt decisions in family firms. Our findings contribute to family business literature and enable scholars and practitioners to gain a better understanding of family firm capital structure decisions.

KW - Family business

KW - Family-centered goals

KW - Financing

KW - Debt

KW - Governance

KW - Board of directors

KW - Socioemotional wealth

U2 - 10.1007/s11187-018-0058-9

DO - 10.1007/s11187-018-0058-9

M3 - Journal article

VL - 53

SP - 269

EP - 286

JO - Small Business Economics

JF - Small Business Economics

SN - 0921-898X

IS - 1

ER -