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Evolution Of Family Businesses – A 3d Theoretical Approach

Author

Listed:
  • Julia Tobak

    (Department of Business Management, Faculty of Economics and Business Administration University of Debrecen, Debrecen, Hungary)

  • Andras Nabradi

    (Department of Business Management, Faculty of Economics and Business Administration University of Debrecen, Debrecen, Hungary)

Abstract

According to international literature there are many researches about family businesses. Examining and evaluating these kinds of businesses is a complex task because it is hard to take into account every influencing factor which have an impact on the operation of family businesses. The purpose of this study is to present a new theoretical method and model which is applicable to measure the development of family businesses from three dimensions: (1) family, (2) business and (3) ownership. The new theoretical model is suitable for carrying out such cross-sectoral and international comparative statistical analyses. The three attributes of family businesses may be measured, evaluated and analyzed separately and/or in combination. It is suitable for doing aggregated analysis of one or more companies. The (1) family dimension presents wich generation/generations operates the business. The dimension of (2) business shows the level of separation of tasks between family and non-family members and gives an answer how the management and the ownership functions are separated. The (3) ownership dimension shows the ownership state of examined businesses and can clarify the stage of the ownership structure. The simultaneous or separate examination of dimensions can assist to family businesses to measure their own status. The TONA model is applicable to measure the evolution of family businesses and can show the differences between sectors or countries in an illustrative way.

Suggested Citation

  • Julia Tobak & Andras Nabradi, 2020. "Evolution Of Family Businesses – A 3d Theoretical Approach," Oradea Journal of Business and Economics, University of Oradea, Faculty of Economics, vol. 5(special), pages 94-103, June.
    • Handle: RePEc:ora:jrojbe:v:5:y:2020:i:special:p:94-103
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    References listed on IDEAS

    as
    1. Nagy, Adrian Szilard, 2007. "Analysis Of The Expected Income Of Several Family Types," APSTRACT: Applied Studies in Agribusiness and Commerce, AGRIMBA, vol. 1(1), pages 1-3, September.
    2. Miller, Danny & Le Breton-Miller, Isabelle & Lester, Richard H. & Cannella Jr., Albert A., 2007. "Are family firms really superior performers?," Journal of Corporate Finance, Elsevier, vol. 13(5), pages 829-858, December.
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    More about this item

    Keywords

    family businesses; new theoretical method; evaluating dimensions; cross-sectoral analysis; international comparative analysis; TONA model.;
    All these keywords.

    JEL classification:

    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory

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