An Analysis of Risk-Taking in Family Firms Listed in B3
This work analyses the statistical relationship between family firms and risk-taking. It seeks to contribute to the growing literature on family firms by reviewing the literature on the characteristics that distinguish them from non-family firms, aiming to innovate by approaching a less-used constru...
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| Format: | Article |
| Language: | English |
| Published: |
FUCAPE Business School
2020-01-01
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| Series: | BBR: Brazilian Business Review |
| Subjects: | |
| Online Access: | http://www.redalyc.org/articulo.oa?id=123064005003 |
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| _version_ | 1825207293003694080 |
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| author | Gabriel Voelcker Clea Beatriz Macagnan Daniel Vancin |
| author_facet | Gabriel Voelcker Clea Beatriz Macagnan Daniel Vancin |
| author_sort | Gabriel Voelcker |
| collection | DOAJ |
| description | This work analyses the statistical relationship between family firms and risk-taking. It seeks to contribute to the growing literature on family firms by reviewing the literature on the characteristics that distinguish them from non-family firms, aiming to innovate by approaching a less-used construct for this type of firm: risk-taking. The literature on both constructs is reviewed, using theoretical and empirical works to develop the following research hypothesis: tfamily firms are more averse to risk-taking than non-family firms. This hypothesis is tested empirically using econometrics procedures in a sample with 1188 observations from publicly traded companies listed on B3. The results indicate that the presence of family firms negatively affect risk-taking. Thus, it can be concluded that family firms seem to be less prone to risk-taking than non-family firms. |
| format | Article |
| id | doaj-art-c319bb798d71465cbfb6d581f928daa3 |
| institution | Kabale University |
| issn | 1807-734X |
| language | English |
| publishDate | 2020-01-01 |
| publisher | FUCAPE Business School |
| record_format | Article |
| series | BBR: Brazilian Business Review |
| spelling | doaj-art-c319bb798d71465cbfb6d581f928daa32025-02-06T23:39:33ZengFUCAPE Business SchoolBBR: Brazilian Business Review1807-734X2020-01-0117439941810.15728/bbr.2020.17.4.3An Analysis of Risk-Taking in Family Firms Listed in B3Gabriel VoelckerClea Beatriz MacagnanDaniel VancinThis work analyses the statistical relationship between family firms and risk-taking. It seeks to contribute to the growing literature on family firms by reviewing the literature on the characteristics that distinguish them from non-family firms, aiming to innovate by approaching a less-used construct for this type of firm: risk-taking. The literature on both constructs is reviewed, using theoretical and empirical works to develop the following research hypothesis: tfamily firms are more averse to risk-taking than non-family firms. This hypothesis is tested empirically using econometrics procedures in a sample with 1188 observations from publicly traded companies listed on B3. The results indicate that the presence of family firms negatively affect risk-taking. Thus, it can be concluded that family firms seem to be less prone to risk-taking than non-family firms.http://www.redalyc.org/articulo.oa?id=123064005003family firmsrisktakingdecisionmaking |
| spellingShingle | Gabriel Voelcker Clea Beatriz Macagnan Daniel Vancin An Analysis of Risk-Taking in Family Firms Listed in B3 BBR: Brazilian Business Review family firms risk taking decision making |
| title | An Analysis of Risk-Taking in Family Firms Listed in B3 |
| title_full | An Analysis of Risk-Taking in Family Firms Listed in B3 |
| title_fullStr | An Analysis of Risk-Taking in Family Firms Listed in B3 |
| title_full_unstemmed | An Analysis of Risk-Taking in Family Firms Listed in B3 |
| title_short | An Analysis of Risk-Taking in Family Firms Listed in B3 |
| title_sort | analysis of risk taking in family firms listed in b3 |
| topic | family firms risk taking decision making |
| url | http://www.redalyc.org/articulo.oa?id=123064005003 |
| work_keys_str_mv | AT gabrielvoelcker ananalysisofrisktakinginfamilyfirmslistedinb3 AT cleabeatrizmacagnan ananalysisofrisktakinginfamilyfirmslistedinb3 AT danielvancin ananalysisofrisktakinginfamilyfirmslistedinb3 AT gabrielvoelcker analysisofrisktakinginfamilyfirmslistedinb3 AT cleabeatrizmacagnan analysisofrisktakinginfamilyfirmslistedinb3 AT danielvancin analysisofrisktakinginfamilyfirmslistedinb3 |