ror.org/02qnnz951
Abstracts
Résumé
La majorité des études traitant des entreprises familiales se sont principalement focalisées sur les facteurs clés du succès de ce type d’organisations, délaissant ainsi la problématique de la défaillance financière dans ce contexte particulier. En s’appuyant sur le cadre théorique du patrimoine socioémotionnel, cette recherche tente de combler le manque de réflexion à ce sujet en examinant si le degré d’exposition à une situation de détresse financière est dépendant du caractère familial d’une PME et comment l’exposition à une telle situation permet d’expliquer les différences de performance entre les PME familiales et non familiales. Les résultats obtenus sur la base d’un échantillon de 246 PME belges démontrent que les PME familiales sont plus susceptibles d’être exposées à une situation de détresse financière. De plus, les PME familiales performent mieux que leurs homologues non familiales lorsqu’elles sont en situation de détresse financière alors qu’elles présentent les plus faibles niveaux de performance lorsqu’elles sont financièrement saines.
Mots-clés:
- PME,
- Défaillance financière,
- Entreprises familiales,
- Performance
Abstract
While most studies focus on the key success factors of family SMEs, little is known about the antecedents and outcomes of financial distress in this specific context. Drawing on the socioemotional wealth perspective, this research tries to fill this gap by exploring how the family status of SMEs influences the degree of financial distress and how the exposure to financial distress may explain differences in performance between family and nonfamily SMEs. Based on a sample of 246 Belgian SMEs, the results show that family SMEs are more exposed to financial distress than nonfamily SMEs. Furthermore, it also appears that, among firms that experience financial distress, family SMEs perform better than nonfamily SMEs. However, among SMEs that do not experience financial distress, nonfamily SMEs perform the best.
Keywords:
- SME,
- Financial Distress,
- Family Firms,
- Performance
Resumen
La mayor parte de los estudios dedicados a los negocios familiares se centran en los factores claves de éxito de este tipo de empresas y pocos tratan la cuestión del desamparo financiero en este ámbito particular. Basándose en el marco teórico del patrimonio socioemocional, esta investigación intenta llenar este vacío analizando si el grado de exposición a una situación de desamparo financiero depende del carácter familiar de una PyME y cómo la exposición a tal situación permite explicar las diferencias de rendimiento entre PyME familiares y no familiares. Los resultados obtenidos a partir de una muestra de 246 PyME belgas indican que las PyME familiares tienen más riesgos de ser expuestas a situaciones de desamparo financiero. Además, también se nota que entre las empresas que experimentan desamparo financiero, las PyME familiares tienen mejores rendimientos que las no familiares. Sin embargo, entre las PyME con situación financiera sana, son las PyME no familiares que mejor se comportan.
Palabras clave:
- PyME,
- Desamparo Financiero,
- Empresas familiares,
- Rendimiento
Appendices
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