IDEAS home Printed from https://ideas.repec.org/a/wsi/jecxxx/v11y2003i04ns0218495803000135.html
   My bibliography  Save this article

Business Family And Family Business: Complementary And Conflicting Values

Author

Listed:
  • JAN DEGADT

    (Research Centre for Entrepreneurship, Catholic University of Brussels, Belgium)

Abstract

A family business can be defined as a business where a family exercises a significant influence over ownership and/or management. The objectives and the values of the family business and the business family can be complementary but they can also be conflicting. The entrepreneur has to take account of the wishes and objectives of his extended family and of his small family or household.An empirical research – made possible by the support of Cera Foundation - has been conducted with 1032 Belgian entrepreneurs, 501 in agriculture and 531 outside agriculture. Areas of conflict can be related to the allocation of profits and the position of individual family members in the family business. The survey shows that most entrepreneurs work very hard and spend a lot of time in the business. Only a minority of the respondents consider family values 'important', but when they do, the family gets a very high place in the hierarchy of values. Satisfaction on the job and autonomy (being one's own boss) are the most important values.Most entrepreneurs get considerable support from their husband or wife. They want to have a day of rest each week and want to leave business when their age is between 60 and 70. If a succession is possible, most prefer to have one of their children to succeed them. The succession is a process that has to be planned carefully.The interaction between the business family and the family business can have positive and negative effects, but in a market economy the competitiveness of the business must be preserved in all circumstances.

Suggested Citation

  • Jan Degadt, 2003. "Business Family And Family Business: Complementary And Conflicting Values," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 11(04), pages 379-397.
    • Handle: RePEc:wsi:jecxxx:v:11:y:2003:i:04:n:s0218495803000135
    DOI: 10.1142/S0218495803000135
    as

    Download full text from publisher

    File URL: http://www.worldscientific.com/doi/abs/10.1142/S0218495803000135
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://libkey.io/10.1142/S0218495803000135?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Carmon, Anna F. & Miller, Amy N. & Raile, Amber N.W. & Roers, Michelle M., 2010. "Fusing family and firm: Employee perceptions of perceived homophily, organizational justice, organizational identification, and organizational commitment in family businesses," Journal of Family Business Strategy, Elsevier, vol. 1(4), pages 210-223, December.
    2. Diane Arijs & Anneleen Michiels, 2021. "Mental Health in Family Businesses and Business Families: A Systematic Review," IJERPH, MDPI, vol. 18(5), pages 1-20, March.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wsi:jecxxx:v:11:y:2003:i:04:n:s0218495803000135. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tai Tone Lim (email available below). General contact details of provider: http://www.worldscinet.com/jec/jec.shtml .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.