IMPACT OF DEMOGRAPHIC CHARACTERISTICS ON THE PERFORMANCE OF FAMILY BUSINESSES
Abstract
Family businesses are a significant contributor to the global economy, accounting for a substantial portion of GDP and employment in a number of nations. In many nations, family businesses constitute a significant portion of the economy. However, the success of these businesses is frequently dependent on the age, experience, and level of education of the family business owners as it effects the operational and financial performance of the business. This study aims to examine the effect of demographic characteristics of the owner on the performance and longevity of family businesses. Family businesses are essential, but their demographic difficulties are unique.
Keyword : Family businesses, performance, conflicts, entrepreneurial spirit, demographic characteristics, operational performance, financial performance
This work is licensed under a Creative Commons Attribution 4.0 International License.
References
1. Adrian, H. (2017). Organizations and environments. Englewood Cliffs, N.J.: Prentice-Hall. 2. Blundel, R.K., Hingley, M., 2014. “Exploring growth in vertical inter firm relationships: small-medium firms supplying multiple food retailers”, Journal of Small Business and Enterprise Development 8(3), 245–265. 3. Habbershon, T.G. & Williams, M.L. (1999). “A resource-based framework for assessing the strategic advantages of family firms”, Family Business Review 12(1), 1-25. 4. Hollander, B.S. & Elman, N.S. (1988). “Family owned businesses: An emerging field of inquiry”, Family Business Review 1(2), 145-164. 5. Indirapriyadharshini (2013), “SWOT Analysis of Indian Family Business”, IOSR Journal Of Humanities And Social Science, pp 37-42 6. Lampel, J., Bhalla, A., Ramachandran, K. (2014), “Family Values and InterInstitutional Governance of Strategic Decision-Making in Indian Family Firms”, Indian School Of Business, Hyderabad 7. PwC (2015), “Family firm: A resilient model for the 21st century”, PwC family business survey. 8. Ramachandran, K.K., Madhumathy, M., (2016),”A study on Capital Structure and Financial Performance of India Textile Industry”, Internation Journal of Management, Vol. 7(3), pp. 313-322. 9. Sexton, D.L., Upton, N.B., Wacholtz, L.E., McDougall, P.P. 1997. “Learning needs of growth-oriented entrepreneurs”, Journal of Business Venturing 12(1), 1–8. 10. Tagiuri, R. & Davis, J. A. (1996). “Bivalent attributes of the family firm”, Fam. Bus. Rev. 9(2) , pp. 199–208. 11. Walsh 2013, Eric Gedajovic, Chrisman, Minichilli 2010. Whither Family Business, Markets hierarchies and Families 2004, Ownership profitability and firm structure. 12. Whiteside, M.F. & Brown, F.H. (2011). “Drawbacks of a dual systems approach to family firms: Can we expand our thinking?”, Family Business Review 4(4), 383-395.