文章基本信息

标题：The influence of family control on decisions regarding the specialization and diversification of business groups
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作者：Alejandro Hernández-Trasobares ; Alejandro Hernández-Trasobares ; Carmen Galve-Górriz 等
期刊名称：BRQ Business Research Quarterly
印刷版ISSN：2340-9436
出版年度：2016
卷号：19
期号：2
页码：73-89
DOI：10.1016/j.brq.2015.09.001
语种：English
出版社：Elsevier
摘要：AbstractThis study analyses the impact of family control on decisions regarding the specialization and diversification of large business groups whose parent companies are listed on Spanish stock exchanges. Using a sample of ninety-nine companies, having identified the companies that constitute the business group, and using both binary logistic models and the Heckman two-step method to eliminate selection bias, the results show how the familial nature of the parent company favours specialization and reduces the level of the business group's diversification. In addition, we see that there are differences among family groups with respect to the concentration of their holdings in that a higher level of concentration increases the level of diversification in the family business group.
关键词：Family business;Business group;Specialization;Diversification