Family firm; Financial Structure; Democratic Republic of Congo; Socio-emotional wealth
Abstract :
[en] The research objective is to analyze the influence of family solidarity on the financial structure of family small and medium-sized enterprises (SMEs) located in Eastern region of Democratic Republic of Congo. Building on a sample of 522 family SMEs, the results suggest that family solidarity has a significant and positive influence on the total debt level of family SMEs. These results reveal the need for owner-managers to ensure harmonious family relationships across generations to have access to financial resources.
Disciplines :
General management, entrepreneurship & organizational theory
Author, co-author :
Colot, Olivier ; Université de Mons - UMONS > Faculté Warocqué d'Economie et de Gesti > Service de Comptabilité,Audit, Risk management et Entrepreneuriat
Bauweraerts, Jonathan ; Université de Mons - UMONS > Faculté Warocqué d'Economie et de Gesti > Service de Comptabilité,Audit, Risk management et Entrepreneuriat
Mmenge, Adolphe; University of Burundi
Kanyurhi, Balemba; Catholic University of Bukavu
Gahungu, Dieudonné,; University of Burundi
Language :
English
Title :
Family Solidarity and Financial Structure of Family SMEs: Evidence from Eastern Democratic Republic of Congo
Publication date :
01 March 2023
Journal title :
International Journal of Science, Engineering and Management
eISSN :
2456-1304
Publisher :
Technoarete Research And Development Association, Chennai, Unknown/unspecified
Volume :
10
Issue :
3
Pages :
7-10
Peer reviewed :
Peer reviewed
Research unit :
W711 - Comptabilité, Audit, Risk management et Entrepreneuriat
