Family presence, family firm reputation and perceived financial performance: Empirical evidence from the Philippines

College

Ramon V. Del Rosario College of Business

Department/Unit

Management and Organization Department

Document Type

Article

Source Title

Journal of Family Business Strategy

Volume

10

Issue

1

First Page

49

Last Page

56

Publication Date

3-1-2019

Abstract

Prior research suggests that a distinct family firm reputation could be related to positive stakeholder perceptions. One underlying, yet untested, assumption is that a stronger presence of the enterprising family (for example in the media) supports the development of a family firm reputation, which may positively affect the firm's diverse constituencies. This study investigates the perceptions of a neglected stakeholder group, namely non-professional investors, in an under-researched context, the Philippines, to determine the relationship between the presence of the enterprising family, family firm reputation, and perceived financial performance. The results indicate that family presence as perceived by the stakeholders is significantly related to both family firm reputation and perceived financial performance. Furthermore, we find that the link between family presence and perceived financial performance is partially mediated by the reputation of the family firm. © 2019 Elsevier Ltd

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Digitial Object Identifier (DOI)

10.1016/j.jfbs.2019.02.002

Disciplines

Business | Business Administration, Management, and Operations

Keywords

Family-owned business enterprises—Public relations

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