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Global Mapping of Risks in Family Businesses

Author

Listed:
  • Ilyass Taki
  • Badr Habba
  • Taib Berrada El Azizi

Abstract

This study aims to approach the potential risks of the family businesses, on the basis of extensive literature and theoretical researches. This paper first provides a global overview that summarize the key literature of the family business risks, categorized according to their specificities. Subsequently, the risk mapping framework proposed is inspired by the internal control objectives (Note 1) suggested by the COSO 1 and 2 standards. This helped draw a global mapping of risks that therefore constitutes a first global risk mapping in literature, which are likely specific to this type of business. The result of our paper aims to enrich the theory and help managers to anticipate and manage family business risks.

Suggested Citation

  • Ilyass Taki & Badr Habba & Taib Berrada El Azizi, 2023. "Global Mapping of Risks in Family Businesses," International Journal of Business and Management, Canadian Center of Science and Education, vol. 16(8), pages 122-122, February.
    • Handle: RePEc:ibn:ijbmjn:v:16:y:2023:i:8:p:122
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    References listed on IDEAS

    as
    1. Isabelle Le Breton-Miller & Danny Miller & Richard H. Lester, 2011. "Stewardship or Agency? A Social Embeddedness Reconciliation of Conduct and Performance in Public Family Businesses," Organization Science, INFORMS, vol. 22(3), pages 704-721, June.
    2. Nick Wilson & Mike Wright & Louise Scholes, 2013. "Family Business Survival and the Role of Boards," Entrepreneurship Theory and Practice, , vol. 37(6), pages 1369-1389, November.
    3. González, Maximiliano & Guzmán, Alexander & Pombo, Carlos & Trujillo, María-Andrea, 2013. "Family firms and debt: Risk aversion versus risk of losing control," Journal of Business Research, Elsevier, vol. 66(11), pages 2308-2320.
    4. Casillas, José C. & Moreno, Ana M. & Barbero, José L., 2011. "Entrepreneurial orientation of family firms: Family and environmental dimensions," Journal of Family Business Strategy, Elsevier, vol. 2(2), pages 90-100, June.
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    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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