The characteristics of family businesses, what influence on investment decisions ? : An essay of a theoretical exploration

Abstract

Research on decision-making in family businesses is a rather special and critical task. This research aims to deepen the phenomenon of strategic decision-making precisely those related to investment choices within family firms while shedding light on their characteristics. In recent years, research on decision-making has increased remarkably, especially after the integration of behavioral factors as an influential variable, which has by default led to the rejection of the findings of rationality of decision makers. However, there is a gap in the literature when it comes to understanding this phenomenon in the context of family businesses, despite the fact that the latter have many characteristics and are unique in their genders compared to non-family businesses, it is important to note that much remains to be done regarding this discipline. Our research then aims to make a theoretical exploration by trying to expose the characteristics of the family business that give rise to a predominant degree of subjectivity that implicitly influence the investment decisions.