It is generally accepted that with the rapid development of Taiwan's economy, the number and size of domestic companies amplified increasingly. Evidences show that over the past decade of domestic market growths and international expending, the company goes stock options to public increasingly. For time beings, industries in Taiwan have been evolved from agricultural into industrial in the structure of SMEs, and family-run business has been staying as a very important role. Numbers of evidences indicate that many listed company lack of internal corporate governance result in corporate governance disputation. In this study, the literature analysis and qualitative analysis of in-depth interview have taken as the main research methods. Continue to realizing the status of family business operating under the corporate governance and for their import model. According to empirical results, the research has the following conclusions: (1) A positive influences on company's operating performance and business strategy when one company lead by a professional managers. (2) A positive influences for matters of business strategy when the financial statements be transparent and open decision-making. (3) A positive evidences show managers possessing professional competence and decision-making capacities lead to the company's operating impact. (4) The higher degree of familiarities on financial indicators and transparency result in the improvement to one company¡¦s performance. (5) Actual benefits revealed when the advocates on corporate governance mechanism policies, the mandatory guidelines and regulations at the preliminary stage.

Family business is a typical organizational form around the world and dominates the economic landscape of many nations. Scholars propose that the reason why family businesses are different from non-family business because of resources that are distinctive to a firm as a result of the interactions between family, family members and business. The bundle of resources that have been theoretically developed within the resource-based view framework are identified as ¡§Familiness¡¨ of the firm. Familiness is considered as a source of competitive advantage to family firms, but some scholars believe that the resources are necessary but not sufficient to achieve a competitive advantage. Resources must also be managed and deployed effectively through capabilities. Marketing capabilities is one of the most important capabilities of a firm, there are many studies have pointed out that the marketing capabilities and business performance are significantly related. The purpose of this paper is to exam the relationships among the familiness of individual family firm and their marketing capabilities through the resource-based view framework. This paper conducted a convenience sampling questionnaire survey to collect data, using the members of "Taiwan Fastener Association", "Taiwan Watch & Clock Industrial Association¡¨, ¡§Taiwan Fluid Power Association", and the companies that National Sun Yat-sen University MBA¡¦s students work for as sample, issued 571 questionnaires, 134 valid questionnaires were retuned, the effective response rate is 23.5%. Descriptive statistics, confirmatory factor analysis, correlation analysis, multivariate analysis and multiple regression analysis were used for data analysis and hypothesis testing. The results of this paper show that all of family human resource, family social resource and patiant financial resource have significantly positive correlation with marketing capabilities. The managers of family business can take advantage of such unique resources to strengthen marketing capabilities that create sustainable competitive advantage and achieve superior performance.

The study aims to analyze the impact of political linkage on diversification strategy and firm performance. Previous studies indicate that firm¡¦s political linkages will generate performance impact in emerging economies. However, whether firm¡¦s political linkages will generate performance implications are underestimated. By utilizing longitudinal data in financial family business groups in Taiwan, this study tries to examine the relationships among political linkages, diversification strategy, and family business group¡¦s performance from the social capital viewpoint. The results indicate that in the current database, the higher level of formal political linkages, the higher degree of diversification in family business groups. Moreover, diversification strategy will generate mediated impact on the relationship between formal political linkages and performance in family business groups. In that, the consideration of diversification will lower the performance implications by formal political linkage in family business groups. The family business group¡¦s formal political linkageswill generate distinctive impact on diversification strategy and performance in emerging economies. The results provide referable value in addressing political linkages issues in family business groups in Asia.

Family businesses have been a majority in the stage of world economy, and whose combination of ownership, management and family make relevant management issues even more complex. The significance and complexity of family businesses have incrementally attracted more scholar attention. Literature indicates that only one-thirds of family businesses can be passed on to second generation. Succession, therefore, becomes an important issue in the continuity of family business. This study, in adoption of qualitative approach, aims at exploring how the attitude of founders in the family business towards succession can influence the succession process and how they adjust roles in the business during the succession process, and the importance of successors¡¦ level of interests, abilities and development and the criteria of successor selection. Four case companies were interviewed. The results are as follows: 1). Founders in the family business usually nominate their desired successors, but do not have further succession plan, and moreover, remain their influences or statues in the business as consultants once they retire or transfer leadership. 2). Preferences in male siblings are demonstrated. 3). In terms of training and development, successors rely on on-the-job trainings and founders to pass their connections and relevant industrial knowledge, by that successors are likely to build up their legitimacy and gain trust from stakeholders. 4). Successors¡¦ personal interests that are accommodated by succeeding the business is positive for succession. 5). The value of family in the Chinese context is positive for succession.

No description available.

<p>Bakgrund</p><p>Majoriteten av alla svenska företag är familjeföretag. Forskning inom området har inte bedrivits i någon större utsträckning förrän på senare år. Därtill kommer att forskning inom värdering av familjeföretag är närmast obefintlig. Familjeföretag skiljer sig på många sätt från icke-familjeföretag, t.ex. när det gäller kultur, ägande och ledning. Härav finns det anledning att tro att familjeföretag värderas annorlunda än icke-familjeföretag.</p><p>Syfte med uppsatsen</p><p>Syftet med denna uppsats är att beskriva hur värdering av familjeföretag går till från ett uppköpande företags synvinkel.</p><p>Metod</p><p>För att utföra denna uppsats har ett kvalitativt, hermeneutiskt tillvägagångssätt använts för att förstå helheten av fenomenet familjeföretags värdering. Vi har genomfört en fallstudie bestående av tre familjeföretags uppköp gjorda av Företag X som noggrant har studerats.</p><p>Slutsats</p><p>När ett familjeföretag värderas är det avgörande att ha erfarenhet, branschkännedom, intuition och framför allt kunskap och erfarenhet om familjeföretag. De immateriella tillgångarna i ett familjeföretag, som till exempel rykte, kultur och kunskap bidrar tillsammans med olika värderingsmodeller till ett rättvist värde av familjeföretaget.</p> / <p>Background</p><p>The vast majority of all Swedish companies are family businesses. Research within the field of family businesses has not until recent years been developed. Moreover, the research regarding valuation of family businesses is close to non-existing. Family businesses differ in many ways from non-family businesses, for example when it comes to culture, ownership and management. Hence, there is a possibility that family businesses are valuated differently from non-family businesses.</p><p>Purpose of this thesis</p><p>The purpose with this thesis is to describe how valuation of family businesses is done from the perspective of an acquiring company.</p><p>Method</p><p>For this thesis a qualitative, hermeneutic approach was applied in order to understand the whole picture of the valuation of the family business phenomenon. A case study approach was carried out by carefully studying three acquisitions of small private family businesses in the service sector made by Company X.</p><p>Conclusions</p><p>The crucial skills to possess are experience, industry knowledge, intuition and most of all family business knowledge and experience when determining a fair value of a family business. The intangible assets of a family business, for instance reputation, culture and knowledge, together with different valuation methods contribute to the estimation of the value of a family business.</p>

Although understudied in emerging markets, in modern globalised economies, family business internationalization is becoming an increasingly more relevant topic. Consequently, our research focuses on investigating the listed family firms in Chinese Mainland in order to fill the research gap. Specifically, we studied the influence of family involvement in ownership and management of companies on their degree of internationalization. Existing theories on internationalization mainly focused on economic aspects, while we adopt the perspective of socio-emotional wealth (SEW) which refers to non economic aspects to investigate this subject. We take listed family firms in Chinese Mainland as our sample. The results show that family involvement in ownership is positively associated with the degree of internationalization and family involvement in management has no certain relation with the degree of internationalization. This is a different finding in this area since previous researches have not taken Chinese listed family firms as samples before. Future research can improve the SEW theory by testing wider samples.

This study investigates copreneurship in rural tourism businesses. It explores the experiences of owners of rural tourism accommodation businesses in New Zealand within the framework of copreneurship. It also examines roles within copreneurial rural tourism businesses and studies women’s experiences of entrepreneurship specifically. Copreneurs are couples who share ownership, commitment and responsibility for a business together (Barnett and Barnett, 1989) and these couples in business together (copreneurs) are one form of family business. To date there has not been any published discussion of the concept of copreneurship and tourism, which is remarkable, given that many tourism businesses are SMEs built around lifestyle and integration of life stakeholders such as family and partners. This dissertation represents the first attempt to study copreneurship within tourism entrepreneurship, and within a rural tourism environment specifically. It uses an interpretive approach as part of the study to give the participants a voice and to stress the methodological importance of reflexivity where the researcher is an insider to the study. Triangulation of data sources and methods, combining qualitative and quantitative techniques enables a rich understanding of copreneurial expectations, roles and responsibilities and of women’s experiences specifically. The method of the research is a postal survey of rural tourism accommodation business owners complemented by in-depth interviews with women in copreneurial business relationships. This thesis concludes that the rural tourism accommodation sector in New Zealand is characterised by lifestylers and copreneurs running their businesses as a ‘hobby’, with the main aim being ‘to meet people’ and that non-economic, lifestyle motivations are important stimuli to business formation. Specific analysis of women’s experiences of tourism production in copreneurial situations has shown that any perception of copreneurship as a tool for enabling women to become freed from traditional gender roles may not equal the reality. Women’s voices were able to come through in both the survey and the interview part of this research, revealing that a gendered ideology persists even through copreneurial relationships in rural tourism. The copreneurs in this study have strong and widely shared preconceptions of their roles as accommodation providers and as task managers in their households; role perceptions which appear to be largely invariant of the situation. Copreneurial couples appear to engage in running the accommodation business using traditional gender-based roles mirroring those found in the private home.

Bakgrund: Företag har en stark påverkan på globala samhällsbeteenden och attityder. Ett företags ekonomiska styrkor och de val företaget gör har en stor inverkan på arbetsförhållanden, miljö, ekonomi och samhällen de verkar inom. Följaktligen är företagens sociala ansvar ett viktigt inslag i den sociala och miljömässiga utvecklingen. I och med att familjeföretag är den mest dominerande företagsformen i världen blir deras insatser betydelsefulla för miljön och samhället. Forskningsfråga: Varför väljer små respektive medelstora svenska familjeföretag att arbeta med CSR?   Syfte: Syftet med denna studie är att identifiera olika CSR-arbeten som små respektive medelstora svenska familjeföretag arbetar med och utifrån det, undersöka varför dessa familjeföretag använder sig av CSR. Fokus ligger på att studera motiven till deras val att använda sig av CSR.   Metod: Denna studie har genomförts genom en komparativ flerfallstudie. Fyra små och medelstora svenska familjeföretag har varit grund till empirin. Empirin har till största del bestått av intervjuer men intervjuer har kompletterats med material från årsredovisning, lokaltidningar och hemsidor. Slutsats: Studiens resultat visar att de undersökta familjeföretagen arbetar med bland annat sponsring, välgörenhet, användning av miljöprodukter osv. Dessa familjeföretag har flera olika motiv till varför de arbetar med CSR.  De mest betydande motiven är att allmänheten förväntar sig att familjeföretag ska ta sitt ansvar gentemot samhället. Dessutom sätter myndigheter vissa krav som företag blir tvungna att följa för att få fortsätta vara verksamma. Familjeföretag arbetar med CSR för att de vill få något tillbaka från samhället i form av lojalitet eller marknadsandelar. Familjeföretagen vill att deras medarbetare ska vara lojala mot företagen genom att medarbetarna känner sig stolta att deras arbete bidrar till någonting bra i samhället. familjeföretagen arbetar med CSR för att stärka sin identitet, sitt rykte och sin image. Nyckelord: Familjeföretag, Corporate Social Responsibility, samhällsansvar / Background: Companies have a strong impact on global social behaviors and attitudes. The economic strengths and the choice of enterprises have a great impact on working conditions, environment, economy and the communities in which they operate. Consequently, Corporate Social Responsibility is an important component of social and environmental development. As family businesses are the most dominant forms of enterprises in the world, their efforts are therefore important for both environment and society. Research question: Why do small and medium-sized Swedish family businesses choose to work with CSR? Purpose: The purpose of this study is to identify the various CSR activities in Sweden that small and medium-sized family businesses work with and the reason these family businesses make use of CSR. The focus is on studying the reasons for their choices of implementing CSR based on the first survey activities. Method: This study has been carried out through a comparative multi-case study. Four small and medium-sized Swedish family businesses form the basis of empirical data. The empirical data has largely consisted of interviews, supplemented with material from annual reports, local newspapers and websites.   Conclusion: The study results show that the examined family businesses work with sponsorship, charity, use of green products, etc. These family businesses have different reasons for why they work with CSR. One of the most important motives is that the public expects the family businesses to take their responsibility towards society, since authorities put certain requirements that companies will have to follow in order to continue to operate. Furthermore family businesses are working with CSR because they want to get something back from society in the form of loyalty or market shares. Family businesses want their employees to be loyal to the business by making employees feel proud that their work contributes to something good in society. Family businesses are working with CSR to strengthen their identity, reputation and image. Keywords: Family business, family firms, Corporate Social Responsibility

Handlingsutrymmet kan vara olika stort mellan olika ekonomer och det finns både interna och externa faktorer som påverkar ekonomens handlingsutrymme. I vilken grad handlingsutrymmet ges beror i stora drag på miljön, organisationen och individen. Familjeföretag innebär ett emotionellt samspel mellan familjemedlemmarna som kan inneha olika positioner i företaget, vilket påverkar både familjemedlemmarnas professionella och familjära förhållande till varandra. Familjeföretag förknippas med en motvilja att rådfråga extern ekonomisk kompetens vid viktiga ekonomiska beslutsfattande trots att externa ekonomer har en benägenhet att minska den finansiella risken genom sin kunskap och erfarenhet. Syftet med studien är att utifrån familjeföretagets ekonom, som inte tillhör familjen, utforska ekonomens upplevda handlingsutrymme i redovisningsarbetet. Syftet är också att belysa vilka mönster som finns gällande det givna handlingsutrymmet, preciserat som likheter och skillnader mellan ekonomerna i familjeföretagen. Dessa syften har lett oss till forskningsfrågan; Hur upplever ekonomen i familjeföretaget sitt handlingsutrymme i redovisningsarbetet och vilka mönster finns i det givna handlingsutrymmet? Genom att använda en abduktiv ansats fungerar teorier så som agentteorin, ekonomens handlingsutrymme, ekonomens roll, familjeföretagande och beslutsfattande som inspirationskälla för att hitta orsaker som indikerar på hur ekonomens handlingsutrymme gällande redovisningsarbetet i familjeföretag påverkas av olika faktorer. För att kunna få en förståelse för detta utfördes en kvalitativ undersökning baserat på semistrukturerade intervjuer. Slutsatsen av studien är att det visar sig att samtliga ekonomer i de aktuella familjeföretagen upplever att deras handlingsutrymme räcker gott och väl för att de ska kunna sköta sina redovisningsuppgifter regelmässigt rätt. Däremot får ekonomen inte särskilt mycket handlingsutrymme vad gäller företagets ekonomiska verksamhetsbeslut, detta för att kontrollen hålls nära familjen vilket lämnar lite utrymme för ekonomen att bidra med sin ekonomiska erfarenhet och kunskap utanför redovisningsarbetet. I vissa fall finns det en kamp mellan familjen och rättesnöret vad gäller ekonomens handlingsutrymme i redovisningsarbetet, där ekonomen väljer att följa företagsnormer så länge denne kan hitta en förklaring till det moraliska dilemmat som ekonomen hamnat i. / The discretion can differ widely among economists and there are both internal and external factors affecting the economists’ discretion. The degree to which discretion is given depends largely on the environment, the organization and the individual. Family business involves an emotional interaction between the family members, who may comprise different positions in the company, which affects both family members' professional- and familial relationships. Family businesses are associated with a reluctance to consult external financial expertise in different key economic decisions even if external economists usually reduce the financial risk through their knowledge and experience. The purpose of the study is from abroad the family business economist, who does not belong to the family, explore what room for maneuver the economist has regarding accounting work in family businesses. It also aims to highlight the patterns that apply the given maneuver, specified the similarities and the differences between the economists in the family businesses. These purposes have led us to the research question; how do economists in family businesses experience their discretion in their accounting work and what patterns exists in the given maneuver? By using an abductive approach, theories such as agent theory, the economist's discretion, the economist's role, family business and decision-making works as a source of inspiration to find causes and trends on how the economist's discretion regarding accounting work in the family business is affected by various factors. In order to gain an understanding of this, a qualitative study was performed based on semi-structured interviews. The conclusion of the study is that it proves that all the economists in the current family firms perceive that their discretion is more than enough to be able to manage their accounting data regularly right. In contrast, the economist has not much room for maneuver in terms of its financial business decisions. In order to hold the control close to the family, they leave small space for the economist to contribute their financial experience and knowledge outside accounting work. In some cases there is a struggle between family and regulations when it comes to the economist's discretion in accounting work. The economist chooses to follow company norms as long as she can find an explanation of the moral dilemma she ends up in.