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    Dilemma in the Family-Owned Businesses: Business Commitment vs. Family Commitment. Is Success Changing The Balance?

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    Author
    Pistrui, David
    Stoica, Michael
    Publisher
    Washburn University. School of Business
    Sponsor
    Kaw Valley Bank
    Date
    October 2005
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    Abstract
    The paper examines the commitment relationship that exists between family and the business they own. The study builds on the previous work done on family attitudes and family involvement and identifies two types of family commitment: the family centered commitment and family commitment towards the business they own, called business centered commitment. The relationship between the two types of commitment and the performance of the family business is scrutinized. Results show that family centered commitment is higher when businesses are not performing well and business centered committment tends to be higher when businesses are high performers.
    URI
    https://wuir.washburn.edu/handle/10425/193
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    • Kaw Valley Bank Working Paper Series

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