Influence of Family Culture on Enterprise Risk Management in Brazilian Companies



Main Article Content

Elisane Brandt
https://orcid.org/0000-0001-8129-0908 orcid
Márcia Zanievicz da Silva
https://orcid.org/0000-0003-1229-7705 orcid
Franciele Beck
https://orcid.org/0000-0001-7390-5933 orcid

Abstract

Context: family involvement creates specific goals that include family interests and values, and is used to pursue the family’s vision, creating effective corporate governance and risk management practices. Objective: our objective is to evaluate the relationship between family influence and enterprise risk management in Brazilian family businesses. Method: data from 142 family businesses was analyzed using descriptive statistics and structural equation modeling. The construct of enterprise risk management comprised: identification, evaluation, response, and communication. Family influence was captured by power, experience, and culture. Results: the results broaden the understanding that, among the three family dimensions investigated, culture is the one that better explains risk management practices. Conclusions: we concluded that the higher the level of family culture, the higher the level of attention to enterprise risk management.



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Brandt, E., Silva, M. Z. da, & Beck, F. (2021). Influence of Family Culture on Enterprise Risk Management in Brazilian Companies. Journal of Contemporary Administration, 25(6), e190082. https://doi.org/10.1590/1982-7849rac2021190082.en
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References

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