Gender and entrepreneurial family business: decision-making, agency and empowerment.

Wood, Bronwyn P.; Ng, Poh Yen; Bastian, Bettina

Abstract

As the most prominent form of business organisation, the family business has intertwining priorities related to the family, business and the firm. Due to the involvement of family members in the business, the family is usually set as a core of the business and influences major decision-making processes. As a result, family firms possess non-economic goals and financial objectives. Family firms contribute significantly to the world economy with providing jobs, quality products and excellent services supporting their business longevity. Research on family business has grown exponentially in the last ten years, with a strong focus on firm-level behaviour and family dynamics. Empirical works have shown that family firms are better than non-family firms in several areas, such as financial performance, business resilience, and sustainability. We continue to see a burgeoning work examining the antecedents and impacts of family business performance, decision-making process, family dynamics and successions. The main theoretical perspectives include resource-based theory, stewardship theory, agency theory and the popular home-grown theory of socioemotional wealth.

Citation

WOOD, B.P., NG, P.Y. and BASTIAN, B. 2023. Gender and entrepreneurial family business: decision-making, agency and empowerment. International journal of gender and entrepreneurship [online], 15(4), pages 317-324. Available from: https://doi.org/10.1108/IJGE-11-2023-227

• Journal Article Type: Editorial
• Acceptance Date: Nov 29, 2023
• Online Publication Date: Nov 29, 2023
• Publication Date: Dec 31, 2023
• Deposit Date: Dec 8, 2023
• Publicly Available Date: Dec 8, 2023
• Journal: International Journal of Gender and Entrepreneurship
• Print ISSN: 1756-6266
• Electronic ISSN: 1756-6274
• Publisher: Emerald
• Peer Reviewed: Peer Reviewed
• Volume: 15
• Issue: 4
• Pages: 317-324
• DOI: https://doi.org/10.1108/IJGE-11-2023-227
• Keywords: Gender; Family businesses; Entrepreneurship; Decision making processes
• Public URL: https://rgu-repository.worktribe.com/output/2166513