2134/37677
Paul Hughes
Paul
Hughes
Aizuddin Daut
Aizuddin
Daut
Ian Hodgkinson
Ian
Hodgkinson
Mathew Hughes
Mathew
Hughes
Family firm dynamics and strategic decision-making [Abstract]
Loughborough University
2019
Family firms
Family business
Decision making
Business and Management not elsewhere classified
2019-04-30 08:13:56
Conference contribution
https://repository.lboro.ac.uk/articles/conference_contribution/Family_firm_dynamics_and_strategic_decision-making_Abstract_/9499613
East Asian countries, like Malaysia, are seeking to grow out of the middle-income trap (Hodgkinson et al., 2016) and the growth in family firms in Malaysia reflects this desire. Though growing, the body of work on family firms is largely based on firms in Western countries. While insightful, findings in these studies are not directly transferrable to emerging economies. Despite works by Hughes et al. (2018), the literature has not thoroughly investigated decision-making in the emerging economy context. Tsai et al. (2006) note a tendency in emerging economies to favor formal planning but Hodgkinson et al. (2016) demonstrate that improvisation is also on the rise. As a result, this study aims to address the knowledge void in understanding strategic decision-making in emerging economy family firms.