Corporate Value Statements: A comparison between Swedish and German family businesses
Independent thesis Advanced level (degree of Master (One Year)), 10 credits / 15 HE creditsStudent thesis
Background:The statement of corporate values on a web page has evolved as a valuable communication tool for family as well as non-family businesses targeting various stakeholders. In this respect, family businesses are a special case considering their inimitable features and their value driven business approach. Yet, there is still a gap taking family business’ heterogeneity and its impact on the practice of publicly stating corporate values into account.
Purpose: The explicit purpose of this thesis is to examine if and how family businesses vary in regards to stating corporate values and whether these differences can be attributed to certain company features which define family business heterogeneity.
Method: By means of existing theory which is related to family businesses and corporate values hypotheses were developed and tested. Aiming to identify the relation and impact of specific company features on the statement of corporate values, a logistic regression analysis was applied. Those features include a family business’ size, listing on a stock exchange, ownership structure, age and national background. The data sample is based on 207 Swedish and German family businesses.
Conclusion: The study provides understandings about how family businesses vary in regards to stating corporate values and whether these differences can be attributed to certain company features. Firstly, insights were gained about the influence an increasing number of employees has on the statement of corporate values. Additionally, the impact of national background on the public statement of values has been proven. Moreover, the study revealed that revenue, together with age and ownership stake do not impact the practice of stating corporate values.
Place, publisher, year, edition, pages
2012. , 46 p.
IdentifiersURN: urn:nbn:se:hj:diva-19616OAI: oai:DiVA.org:hj-19616DiVA: diva2:560442
UppsokSocial and Behavioural Science, Law