Journal of Family Business Management 审稿状态变化-刊鹿论文编译

When do family firms consider issuing external equity? Understanding the contingent role of families’ need for control

Abstract:

Prior research has argued that family firms are reluctant to consider external equity as a source of financing because they fear a loss of control, which would limit their socioemotional wealth. However, prior empirical research has neglected potential contingencies that determine whether family firms’ need for control affects their equity financing decisions. The purpose of this paper is to provide first insight into this research void.,The paper builds on rational choice theory and a logit regression using secondary data.,The study shows that the effect of family firm owners’ need for control on their consideration of external equity depends on the extent to which owners expect investors to interfere with management and the extent to which decision making is affected by emotions. Hereby, the present study provides evidence that family firm owners’ decisions to use external equity are more complex than previously presumed.,This study has several limitations that provide fruitful avenues for further research. Overall, the authors list and detail seven different limitations in the paper, e.g. the narrow focus on equity financing, the use of a partial model, the fact that the authors did not conceptualize differences between different types of investors (such as high net worth individuals, private equity firms and venture capital firms) in the model and further more.,The study shows that investors need to understand the complex interplay among family firms’ need for control, expected investor interference and emotional decision making, to correctly assess their chances of success when approaching family firms for equity.,Prior empirical research has neglected potential contingencies that determine whether family firms’ need for control affects their equity financing decisions. The present paper provides first insight into this research void.

Author Listing： Martin Kupp;Bianca Schmitz;Johannes Habel

Volume： 9

Pages： 271-296

DOI： 10.1108/JFBM-08-2018-0021

Language： English

Journal： Journal of Family Business Management

Journal of Family Business Management

J FAM BUS MANAG

影响因子：3.4

是否综述期刊：否

是否OA：否

是否预警：不在预警名单内

发行时间：-

ISSN：2043-6238

发刊频率：-

收录数据库：ESCI/Scopus收录

出版国家/地区：-

出版社：Emerald

期刊介绍

年发文量	68
国人发稿量	2
国人发文占比	2.56%
自引率	26.5%
平均录取率	-
平均审稿周期	-
版面费	US$3370
偏重研究方向	MANAGEMENT-
期刊官网	-
投稿链接	-

质量指标占比

研究类文章占比	OA被引用占比	撤稿占比	出版后修正文章占比
94.12%	15.35%	-	-

预警情况

时间	预警情况
2025年03月发布的2025版	不在预警名单中
2024年02月发布的2024版	不在预警名单中
2023年01月发布的2023版	不在预警名单中
2021年12月发布的2021版	不在预警名单中
2020年12月发布的2020版	不在预警名单中

JCR分区 WOS分区等级：Q2区

版本	按学科	分区
WOS期刊SCI分区（2021-2022年最新版）
	MANAGEMENT	Q2

中科院分区

版本	大类学科	小类学科	Top期刊	综述期刊
暂无数据