| Research Title |
Socio-Emotional Wealth of Family Firm that Affecting Firm Performance |
| Date of Distribution |
30 September 2018 |
| Conference |
| Title of the Conference |
2nd International Conference on Innovative Research in Science, Technology and Management (ICIRSTM-18) |
| Organiser |
International Institute of Research and Journals (IIRAJ) |
| Conference Place |
U-Town, National University Singapore (NUS) |
| Province/State |
Singapore |
| Conference Date |
29 September 2018 |
| To |
30 September 2018 |
| Proceeding Paper |
| Volume |
2 |
| Issue |
1 |
| Page |
93 |
| Editors/edition/publisher |
Dr.TEENA BAGGA |
| Abstract |
Abstract
This research aims to study the relations between socio-emotional wealth of the entrepreneurs and the corporate governance mechanism of family businesses in Thailand. A model of relationship is built to find the relations between the factors of interests which are socio-emotional wealth in the dimension of the willingness for business succession and the willingness to build relationship with society, how it influences corporate governance in family business and how it affects the business performance. 404 samples of the registered industrial firms in Thailand are collected from the entrepreneurs of small and medium family businesses, then analyzed the model relations using Structural Equation Modeling (SEM).It can be concluded from the results that business succession significantly has positive influence on ownership and board of director monitoring. Likewise, the willingness to build relationship with society significantly has positive influence on ownership and board of director monitoring as well as board of director monitoring significantly has positive influence on the business performance, whereas ownership has negative influence on business performance significantly. The results are academic benefits in which the discovery of the relations between socio-emotional wealth of family business entrepreneurs influences good business governance in the dimensions of the willingness for business succession and the willingness to build relationship with society. Practically, research results can be applied to relevant public and private sectors by encouraging and supporting the family business entrepreneurs to focus on their business succession and building the relationship with the society with board of director monitoring will lead to good corporate governance, resulting in good performance of their businesses. This will help build credibility and the business will also be recognized by society, customers and financial institutions as well as labor market which will help the businesses survive in competitive world. As a result, the businesses grow steadily and sustainably. |
| Author |
|
| Peer Review Status |
มีผู้ประเมินอิสระ |
| Level of Conference |
นานาชาติ |
| Type of Proceeding |
Abstract |
| Type of Presentation |
Oral |
| Part of thesis |
true |
| Presentation awarding |
false |
| Attach file |
|
| Citation |
1
|
|
|
Publication
Journal Publication
ไทย