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How is risk different in family and non-family businesses? - a comparative statistical analysis during the COVID-19 pandemic
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Orientador(es)
Resumo(s)
Abstract
Purpose – Risk is part of corporate activity and a consequence of the businesses’ demands, the market and the
changes in companies and their surroundings. The way that risk is managed is different between family and
non-family businesses. The paper aims to compare the different risk types experienced in the context of the
coronavirus disease (COVID-19) pandemic among family and non-family businesses and to analyze whether
operational, legal, strategic and image risks influence financial risks.
Design/methodology/approach – The nature of the study is quantitative and based on a questionnaire
survey that analyses the perception of risks by 1,090 family businesses and 557 non-family businesses.
Findings – The results show the existence of statistically significant differences in the perception of financial
and legal risks between family and non-family businesses, where the former being the businesses that give
more importance to these risks. The perception of operational, legal, strategic and image risks have a positive
influence on the perception of financial risk in family and non-family businesses.
Originality/value – The results obtained in the study are important because they allow an understanding
about the differences in risk management between family and non-family businesses, which can lead to greater
corporate sustainability and increased financial performance.
Descrição
Palavras-chave
Decision-making Risk analysis Risk perception Risk management Corporate risk Family businesses
Contexto Educativo
Citação
Santos, E., Tavares, V., Tavares, F.O. and Ratten, V. (2022), "How is risk different in family and non-family businesses? A comparative statistical analysis during the COVID-19 pandemic", Journal of Family Business Management, Vol. 12 No. 4, pp. 1113-1130. https://doi.org/10.1108/JFBM-10-2021-0123
Editora
Emerald