Purpose: Family firms strive for transgenerational survivability. Thus, bankruptcy is a daunting event. Whether family firms fail for other causes than non-family firms has been scarcely researched and is investigated in this study. Design/methodology/approach: The paper draws on a sample of...

Purpose: Family firms are the most prevalent type of firm worldwide. Nevertheless, the existent enterprise risk management (ERM) literature is silent on the adoption of ERM in family firms. Family firms exhibit specifics likely to influence the adoption of ERM. Most importantly, they often...

In spite of the high economical relevance controlling deals with the subject family enterprises rather little. Based on the hypothesis that family enterprises aim at socio-economical objectives to a greater extent and use controlling-instruments to a lesser extent than non-family enterprises the...