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Book part
Publication date: 8 April 2015

Steven G. Medema

The question of whether, and to what extent, Chicago price theory is Marshallian is a large one, with many aspects. The theory of individual behavior is one of these, and…

Abstract

The question of whether, and to what extent, Chicago price theory is Marshallian is a large one, with many aspects. The theory of individual behavior is one of these, and the treatment of altruism, or, more generally, other-regarding behavior, falls within this domain. This chapter explores the analysis of other-regarding behavior in the work of Alfred Marshall and Gary Becker with a view to drawing out the similarities and differences in their respective approaches. What emerges is sense that we find in Becker’s work important commonalities with Marshall but also significant points of departure and that the line from Marshall to modern Chicago is neither as direct as it is sometimes portrayed, nor as faint as it is sometimes claimed by Chicago critics.

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A Research Annual
Type: Book
ISBN: 978-1-78441-857-1

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Article
Publication date: 5 August 2019

Maximiliano Gonzalez, Juan David Idrobo and Rodrigo Taborda

The purpose of this paper is to carry out a meta-regression analysis upon the literature that examines the relationship between family firms and financial performance.

Abstract

Purpose

The purpose of this paper is to carry out a meta-regression analysis upon the literature that examines the relationship between family firms and financial performance.

Design/Methodology/Approach

Information of publication and study characteristics from 61 primary studies, comprising 726 size effects was collected. In particular, three leading factors highlighted in narrative literature reviews analyzed were: the financial performance measures, the family–firm definitions and the estimation methodologies.

Findings

Overall, a positive relationship between family involvement and financial performance was found. A series of results, those linked to return on assets (ROA) – earnings before interest, taxes, depreciation and amortization (EBITDA), suggest positive publication bias from family definition and negative publication bias when OLS is used. Tobin’s Q estimates show no linkage to certain traits and aspects of the research process.

Originality/value

Existing literature review and meta-analysis studies show not concluding results on the family effect upon firm performance. The meta-regression analysis used in this paper allows to examine simultaneously effect size and publication bias. The latter effect is particularly salient in the approach and findings, and not present in previous studies.

Propósito

Llevar a cabo un análisis de meta-regresión a la literatura que examina la relación entre firmas familiares y desempeño financiero.

Diseño/metodología/aproximación

Se usa la información de la publicación y características del estudio de 61 estudios primarios, que incluyen 726 estimaciones. Se examinan tres elementos principales de esta literatura: (i) medidas de desempeño financiero, (ii) definición de firma familiar, y (iii) metodología de estimación.

Resultados

Se establece una relación positiva entre involucramiento familiar y desempeño financiero. Las estimaciones que examinan ROA-EBITDA sugieren sesgo positivo de publicación. Las estimaciones que utilizan estimación de Mínimos Cuadrados Ordinarios sugieren un sesgo negativo de publicación. Las estimaciones que examinan la Q de Tobin, no sugieren relación con las características de los estudios o de la investigación.

Originalidad/valor

Los estudios de meta-análisis existentes sobre esta literatura no ofrecen resultados concluyentes del efecto de las firmas familiares y desempeño financiero. El método de meta-regresión permite examinar simultáneamente el efecto entre las variables y la posible existencia de sesgo de publicación. La indagación de este último es de particular interés y no se encuentra en otros estudios.

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Article
Publication date: 1 May 1991

Gerrit Meijer

Outlines the problem of emancipation (not only of married women) asa problem of economic order, and the historical setting of family andgovernment. Discusses economics of

Abstract

Outlines the problem of emancipation (not only of married women) as a problem of economic order, and the historical setting of family and government. Discusses economics of the family, economic order and public finance. Concludes, with special reference to The Netherlands, that incremental improvement in individual freedom is only brought about within the so‐called capitalist system.

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Journal of Economic Studies, vol. 18 no. 5/6
Type: Research Article
ISSN: 0144-3585

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Article
Publication date: 4 December 2009

Noor Afza Amran and Ayoib Che Ahmad

Most research concentrating on family and non‐family businesses with firm performance is conducted overseas with little research actually taking place in Malaysia. Thus…

Abstract

Most research concentrating on family and non‐family businesses with firm performance is conducted overseas with little research actually taking place in Malaysia. Thus, this study focuses on the relationship between family controlled businesses and corporate governance mechanisms with firm value among Malaysian companies. The sample size of this study is 896 companies that were listed on Bursa Malaysia from 2000 to 2003. The findings reveal that corporate governance mechanisms do have an influence on firm value in Malaysia. However, not all elements of governance mechanisms are significant, and the effects differ between family‐businesses and non‐family businesses. The results indicate as expected that board size and leadership structure affect the firm value for all companies. Further analysis shows that family businesses do practice separate leadership structure whilst board size contributes positively towards better performance in non‐family companies. More importantly, family and non‐family businesses are different in terms of corporate governance practices. Thus, regulators need to give additional attention to the unique setting of the family companies.

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Journal of Financial Reporting and Accounting, vol. 7 no. 1
Type: Research Article
ISSN: 1985-2517

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Book part
Publication date: 10 June 2009

Bruce E. Kaufman

Teixeira devotes the first chapter of his book to a modest-sized personal portrait of Mincer and overview of his professional career. Some of this material is largely of

Abstract

Teixeira devotes the first chapter of his book to a modest-sized personal portrait of Mincer and overview of his professional career. Some of this material is largely of personal interest, although only the most stoic would fail to be moved. Mincer was born into a Jewish family in Poland in 1922. He excelled as a high school student and was in his first year of university studies in Czechoslovakia (chosen largely because other universities rejected him due to his religious background) when Hitler and the Nazis took over the country. Mincer spent three years in German concentration camps and miraculously survived, although his family in Poland was much less fortunate.

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A Research Annual
Type: Book
ISBN: 978-1-84855-656-0

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Book part
Publication date: 25 January 2021

Manting Chen

This study examines the extent to which educational outcomes are transmitted from mothers to daughters in rural China. An analysis of the 2010 China Family Panel Survey

Abstract

This study examines the extent to which educational outcomes are transmitted from mothers to daughters in rural China. An analysis of the 2010 China Family Panel Survey reveals that: (i) how far daughters go in their education is strongly associated with their mothers’ education; (ii) the association between mothers’ and daughters’ educational outcomes in rural China was found to be stronger than the corresponding relationships between mothers and sons, fathers and daughters, and fathers and sons, especially at higher levels of education; and (iii) while having more brothers and being born later worsens daughters’ educational outcomes, mothers’ higher education effectively mitigates these negative effects. These findings add to a growing body of literature and empirical evidence that challenges conventional social mobility research paradigms that neglect mothers’ roles. More importantly, the distinction between mother–daughter relationship and that between fathers and daughters and mothers and sons highlights the fact that education is likely transmitted intergenerationally via mechanisms that differ depending on the gendered parent–child pairs.

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Article
Publication date: 1 April 1990

Bichaka Fayissa and Tekie Fessehatzion

Some evidence for the nexus of child care services, labour forceparticipation, fertility, and family income inequality of workingmothers in the US is presented in a…

Abstract

Some evidence for the nexus of child care services, labour force participation, fertility, and family income inequality of working mothers in the US is presented in a cause‐effect framework. Based on sample data of 100 SMSAs in 1980, the study finds that the provision of child care services not only increases the labour force participation of working mothers, but it also results in a more equal family income distribution. Its policy implication is that the provision of child care services at an affordable cost and the restructuring of the occupational distribution of women from low paying to higher paying jobs, especially of female‐headed households, may significantly improve the economic welfare of the working poor and their children.

Details

International Journal of Social Economics, vol. 17 no. 4
Type: Research Article
ISSN: 0306-8293

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Article
Publication date: 1 June 2005

Clem Tisdell and Gopal Regmi

The purpose is to outline and illustrate the economic theory of parental self‐interest and its implications for the entitlements of children according to their gender, and…

Abstract

Purpose

The purpose is to outline and illustrate the economic theory of parental self‐interest and its implications for the entitlements of children according to their gender, and using empirical data, to determine the extent to which the theory is reflected in discrimination of parents against female siblings in different communities in eastern India.

Design/methodology/approach

Using economic analysis, this paper outlines and illustrates the basis of the economics of parental discrimination against female children and structured questionnaires are used to collect data from village rural wives in the Santal tribal belt of West Bengal and in Orissa in Kondh‐dominated village to determine the extent to which economics explains parental discrimination between daughters and sons. The selection of the areas has been done on the basis that their different cultural dimensions may affect parental attitudes to female children. The statistical significance of differences in responses between the West Bengal sample and that from Orissa is tested using the chi‐squared test. Implications of the results for theory of parental discrimination between siblings according to their gender are outlined.

Findings

It is found that parental discrimination in favour of boys and against girls is much more marked in the Santal‐dominated belt of West Bengal than in the Kondh‐dominated villages of Orissa, where it is absent or virtually so. This is the case despite similar economic conditions and the fact that all the sampled villagers are relatively poor. Differences in cultural values seem to explain the difference.

Research limitations/implications

Results could be strengthened by using a similar questionnaire to survey wives in additional villages in the Santal tribal‐belt of West Bengal and in more Kondh‐dominated villages in Orissa, as well as in other cultural contexts. Furthermore, families in these areas are patriarchal. It would be interesting to obtain results also from Indian communities that have matriarchal families as in parts of Meghalaya.

Originality/value

The findings support the view that the behaviour of parents towards children (according to their gender or otherwise) is a combined result of personal parental goals, social structures and cultural values. Economic theories of the family are likely to be too narrow and may be misleading in their predictions unless they take into account the institutional and cultural contexts in which families exist.

Details

International Journal of Social Economics, vol. 32 no. 6
Type: Research Article
ISSN: 0306-8293

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The Economics of Time Use
Type: Book
ISBN: 978-1-84950-838-4

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Article
Publication date: 1 August 2019

Seyyede Ashraf Mousavi Loghman, Alireza Moini and Mir Saman Pishvaee

This paper aims to present a systematic methodology to study different economic labor policies and their impacts on women and families. As women entered into the labor…

Abstract

Purpose

This paper aims to present a systematic methodology to study different economic labor policies and their impacts on women and families. As women entered into the labor market, the traditional division of family labor vanished. Now, families need to make the best decision to both improve the family economy and enhance family's main functions. In addition, the government is responsible toward the consequences of the family policies.

Design/methodology/approach

The content analysis, fuzzy cognitive map, scenario-planning and vlse kriterijumsk optimizacija kompromisno resenje (VIKOR) have been combined to deal with the studied problem. As a case study, the focus has been on the Iranian family. According to the developed methodology, different family-oriented policies have been simulated and their results are analyzed.

Findings

Findings show, considering the effects that the division of the couples’ labor has on meeting the material/non-material family needs, the best policy is to support women's home-based businesses. This way, the economic factors will be improved, the couples’ dependence on meeting their needs will be more favorably affected and the family unity will be strengthened.

Originality/value

In this study, “family” has been analyzed as a single socioeconomic system. Never have the family economic studies been analyzed with a systematic approach by considering all the economic and non-economic factors together. This objective can be realized by applying the methodology proposed in this research because it can help to predict the consequences of any policy toward the family and provide a platform for proposing better policies and making the related decisions in this area.

Details

Kybernetes, vol. 49 no. 5
Type: Research Article
ISSN: 0368-492X

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