Keeping it in the family: financial rewards in family firms

Sara Carter, Friederike Welter

Research output: Chapter in Book/Report/Conference proceedingChapter

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Abstract

Entrepreneurs running family firms have considerable discretion in determining the form, the value and the timing of their financial rewards. The financial rewards of entrepreneurship include both direct financial rewards (i.e. drawings, net profit, shareholder dividends and equity sales), and a range of indirect rewards, including goods and services owned by the firm but used for personal and household consumption. The extraction of financial rewards may be adjusted to suit prevailing business conditions and the entrepreneur’s personal requirements.
Original languageEnglish
Title of host publicationFamily Entrepreneurship
Subtitle of host publicationRethinking the Research Agenda
EditorsKathleen Randerson, Cristina Bettinelli, Giovanna Dossena, Alain Fayolle
Place of PublicationAbingdon, Oxon
Pages131-147
Number of pages16
Publication statusPublished - 1 Jan 2016

Publication series

NameRoutledge Rethinking Entrepreneurship Research
PublisherRoutledge

Keywords

  • family firms
  • financial rewards
  • entrepreneurship

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