Family Business Research through the Eyes of a Lender: A Cognitive Framework for Interpreting Research Findings on Family Firms

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dc.contributor.authorNyangara, Davis
dc.date.accessioned2015-12-09T12:39:42Z
dc.date.accessioned2023-06-26T12:08:42Z
dc.date.available2015-12-09T12:39:42Z
dc.date.available2023-06-26T12:08:42Z
dc.date.issued2014-03
dc.descriptionFamily Business Research through the Eyes of a Lender: A Cognitive Framework for Interpreting Research Findings on Family Firmsen_US
dc.description.abstractWhereas most extant studies comparing the performance of family firms relative to non-family firms document contradicting results, only a rather limited number of recent studies have attempted to use family firm governance structures to reconcile the conflicting empirical findings. This paper fills this gap by developing a cognitive framework that connects family firm governance, resource endowment, and resource adaptation with a firm’s static default orientation. The cognitive framework is then used to propose lending criteria to a typical lender, and also to generate theoretical propositions regarding access to and cost of debt finance for different types of family firms. Apart from providing insights to lenders on the theoretical default characteristics of different types of family firms (and not family firms in general), the paper also presents a theoretical benchmark for the analysis of empirical findings on debt financing in family firms as well as observed default behavior among family firms.en_US
dc.identifier.citationNyangara, D. Family Business Research through the Eyes of a Lender: A Cognitive Framework for Interpreting Research Findings on Family Firms. World Journal of Social Sciences Vol. 4. No. 1: 224 – 236en_US
dc.identifier.urihttp://196.220.97.103:4000/handle/123456789/594
dc.language.isoenen_US
dc.publisherWorld Journal of Social Sciencesen_US
dc.relation.ispartofseriesWorld Journal of Social Sciences;4 (1)
dc.subjectFamily Business Financeen_US
dc.titleFamily Business Research through the Eyes of a Lender: A Cognitive Framework for Interpreting Research Findings on Family Firmsen_US
dc.typeArticleen_US
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