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Pushing or pulling of the business by family members: A study of family businesses in Sri Lanka

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dc.title Pushing or pulling of the business by family members: A study of family businesses in Sri Lanka en
dc.contributor.author Kuruppuge, Ravindra Hewa
dc.contributor.author Gregar, Aleš
dc.relation.ispartof Foundations of Management
dc.identifier.issn 2080-7279 Scopus Sources, Sherpa/RoMEO, JCR
dc.date.issued 2015
utb.relation.volume 7
utb.relation.issue 1
dc.citation.spage 121
dc.citation.epage 128
dc.type article
dc.language.iso en
dc.publisher De Gruyter
dc.identifier.doi 10.1515/fman-2015-0030
dc.relation.uri http://www.degruyter.com/view/j/fman.2015.7.issue-1/fman-2015-0030/fman-2015-0030.xml
dc.subject family business en
dc.subject family involvement en
dc.subject advantages (merit) en
dc.subject disadvantages (demerit) en
dc.subject agency theory and Sri Lanka en
dc.description.abstract A number of family business researches affirm benefits of family involvement to the business while some of other studies assure only detriments of family involvement. When comparative studies of family businesses begin to surface on the family involvement in business, there is that irritating question on what effect is brought about by family involvement to the business. Therefore, the purpose of this study is to explore business advantages and disadvantages generated by family involvement in businesses in Sri Lanka. The present study attempted to address the above knowledge gap, using qualitative research approach and multiple case studies as the strategy of inquiry. Purposive sampling technique was used to select both cases and respondents. Privately held, successfully conducted four family businesses were selected as cases and, existing business owner and one family related manager from each case were taken as respondents. Data was collected mainly via semi-structured, in depth interviews, observations, and secondary documents. Data collection from interviews consisted of 15 interviews with 09 different people from four cases. Before the data analysis, coding and categorization of respondents' views from interviews helped to identify common patterns and themes from both within the case and across cases. The analysis was carried out in the light of Agency Theory and resulted in a rich understanding of business advantages and disadvantages of family involvement in businesses in Sri Lanka. The findings of this study indicated that the agency cost is created not only on business matters but also on family matters. Further, findings revealed that agency benefit also can be obtained by family business by handling the family matters carefully in line with business matters. Findings of this study clearly indicated that an extension to Agency Theory is required to explain owner agent relationship in family businesses. en
utb.faculty Faculty of Management and Economics
dc.identifier.uri http://hdl.handle.net/10563/1006186
utb.identifier.obdid 43874419
utb.identifier.scopus 2-s2.0-84954233991
utb.identifier.wok 000457066700010
utb.source j-scopus
dc.date.accessioned 2016-04-28T10:37:56Z
dc.date.available 2016-04-28T10:37:56Z
dc.rights Attribution-NonCommercial-NoDerivs 3.0 Unported
dc.rights.uri https://creativecommons.org/licenses/by-nc-nd/3.0/
dc.rights.access openAccess
utb.contributor.internalauthor Kuruppuge, Ravindra Hewa
utb.contributor.internalauthor Gregar, Aleš
utb.fulltext.affiliation Ravindra H. KURUPPUGE *, Aleš GREGAR Tomas Bata University in Zlin, Faculty of Management and Economics, Czech Republic * e-mail: kuruppuge@yahoo.com
utb.fulltext.dates -
utb.wos.affiliation [Kuruppuge, Ravindra H.; Gregar, Ales] Tomas Bata Univ Zlin, Fac Management & Econ, Zlin, Czech Republic
utb.fulltext.faculty Faculty of Management and Economics
utb.fulltext.faculty Faculty of Management and Economics
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