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Business, Enterprise & Management

Permanent URI for this collectionhttps://eresearch.qmu.ac.uk/handle/20.500.12289/5

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    Does capital structure matter? Evidence from family-owned firms in Jordan
    (Emerald, 2023-07-05) Al-Haddad, Lara M.; Saidat, Zaid; Seaman, Claire; Gerged, Ali Meftah
    Purpose This study examines the potential impact of capital structure on the financial performance of family-owned firms in Jordan. Design/methodology/approach Using panel data of 107 listed companies from 2019 to 2021, the authors use a multivariate regression model to empirically examine the role that family firms' capital structure can play in engendering financial performance in the short and long terms. Findings This study's evidence indicates that family businesses rely on equity as their primary source of funding. This approach has been proven to be detrimental to their financial performance, as evidenced by the negative impact of capital structure on family firms' financial performance in the current study. Originality/value Capital structure-related decisions are essential to a firm's performance. Thus, there have been numerous empirical studies examining the relationship between capital structure and corporate performance in various settings worldwide. However, the findings of these studies are inconclusive. Also, there are relatively few empirical studies investigating the association between capital structure and the performance of family firms in emerging countries, particularly Jordan. This study, therefore, addresses this empirical gap in extant literature.
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    Introduction
    (Routledge, 2022-04-08) Seaman, Claire; Seaman, Claire
    This introduction presents an overview of the key concepts discussed in the subsequent chapters of this book. The book discusses the precept that ‘society’ is largely created by three key dimensions that intersect: Government, business, and the community organisations that make up what is commonly referred to as ‘civil society’, operating in the natural environment. Definitions of corporate citizenship also vary, but most include the idea that corporations, businesses or business-like organisations have a degree of social responsibility, that often includes a responsibility to the families of their employees. Corporate citizenship is defined in many ways, but most definitions include the idea that corporations, businesses or business-like organisations have a degree of social responsibility, that often includes communities, causes, staff and indeed the families of their employees. The ‘values’ theme continues in the next chapter, where an alternative cultural perspective follows, in a case study of a Finnish family firm.
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    Corporate Citizenship and Family Business
    (Routledge, 2022-04-08) Seaman, Claire; Seaman, Claire
    Current models of corporate citizenship largely consider business as one coherent entity. This view of business as a corporate force overlooks the growing evidence that most businesses are run by families. Family businesses are the most common form of business in existence – across countries, continents and geopolitical divides – and yet we know remarkably little about their approach to corporate citizenship. Where families run businesses, they create a concentration of family values that – for good or ill – influence the way business practices and behaviours develop. The role of the family in business has, therefore, an influence on the development of society that is partially mediated through corporate citizenship. This book pulls together current thinking from several diverse research fields that intersect with family business research to offer insight into current research and examples of practice for those studying and researching in the fields of family business, business values and corporate practice. The book will also explore the fact that family businesses tend to take a longer-term approach to business and that this is reflected in their behaviour towards the environment, community engagement, employee development and innovation. Bringing together contributions from researchers in the diverse fields of family business, philanthropy, community engagement, corporate social responsibility, innovation and policy, this book explores the many ways in which family businesses contribute to the corporate citizenship agenda.
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    Extending cross-gender succession theories: Mother–son succession in family business
    (Emerald, 2018-12-10) Seaman, Claire; Ross, Susanne; Bent, Richard; Higgins, David; Jones, Paul; McGowan, Pauric
    The importance of succession in family business is well documented and there is general agreement that successful succession represents a key factor in the success or otherwise of individual businesses owned and run by families. The importance of gender in family business succession is a much more recent topic, where initial work has focussed very much on the increasing tendency for women to take on the family business as a successor. Far less research, however, considers the scenario where a female leader passes on the business, whether that takes the form of family succession, a new leader from out with the family or indeed business sale. This dearth of research is not entirely surprising: whilst female leaders in a family business context are not new, their numbers have been relatively small and often mediated through the lens of co-preneurship with a male partner. As women increasingly succeed to and found family businesses however, the gender dimension within family business succession develops and the research response forms the basis for this chapter.
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    Factors contributing to familiarity degree in family firms
    (Inderscience, 2019-03-26) Barroso Martínez, Ascensión; Sanguino Galván, Ramón; Seaman, Claire; Bañegil Palacios, Tomás M.
    This research proposes a measuring instrument to determine the intensity of family engagement in meeting the defining and distinguishing criteria of family businesses. This proposed method enables the assessment of the different degrees of familiarity of a business on a continuous scale, where the extremes represent the companies with lower and higher degree of familiarity. The instrument, therefore, allows classify firms in function of its familiarity degree. The study was conducted in 180 Spanish family businesses. We have used a latent variable model (Rasch model) which has allowed us to define the familiarity degree construct from the existence or not of a set of items. This methodology also enables managers and institutions to identify the most uncertain perceived items. The article contributes to the existence of an objective characterisation when exploring the extent to which family members are involved in the family business, identifying its degree of familiarity.
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    Seduced into the Family Business: editorial
    (Emerald, 2010) Seaman, Claire; Graham, Stuart; Bent, Richard
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    Creating Competitive Advantage in Scottish Family Businesses: Managing, Sharing and Transferring the Knowledge In
    (IDI International Publishers, 2009) Seaman, Claire; Graham, Stuart; Haromonina, D.