Earticle

초록

영어

We examine how the presence of family control affects the manner in which afirm collaborates with its supplier firms. We find that supplier firms that have a family firm as a major customer exhibit higher overall profitability, higher gross margin, more efficient asset management, and longer duration of the relationship than other supplier firms (without a family customer). Using the difference-in-difference approach, we confirm that our results are not driven by family firms’preference for profitable suppliers to begin with. Our findings indicate that family customer firms maintain a generous and cooperative attitude in their relations with supplier firms, the behavior which is consistent with theories regarding family firms in the finance and management literature.

목차

Abstract
 1. Introduction
 2. Data and Variables
  2.1. Customer-supplier Links
  2.2. Family Firm
  2.3. Sample
 3. Univariate Results
  3.1. Descriptive Statistics
  3.2. Correlation Analysis
 4. Main Results
  4.1. Baseline Model
  4.2. The Effect of Bargaining Power Variables
  4.3. Other Possible Explanations for Main Findings
 5. Conclusion
 References

저자

• So Yeon Kim [ Yonsei University School of Business ]
• S. Saeyeul Park [ Yonsei University School of Business ]
• Hyun-Han Shin [ Yonsei University School of Business ]

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간행물

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• 간행물명

  한국재무학회 학술대회

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• 수록기간

  2006~2024

• 십진분류

  KDC 325 DDC 330