{"id":"https://openalex.org/W4406767775","doi":"https://doi.org/10.1515/erj-2024-0144","title":"Investment Behavior of Large-Listed Family Businesses: Evidence from the Arab World","display_name":"Investment Behavior of Large-Listed Family Businesses: Evidence from the Arab World","publication_year":2025,"publication_date":"2025-01-23","ids":{"openalex":"https://openalex.org/W4406767775","doi":"https://doi.org/10.1515/erj-2024-0144"},"language":"en","primary_location":{"id":"doi:10.1515/erj-2024-0144","doi":"https://doi.org/10.1515/erj-2024-0144","is_oa":false,"landing_page_url":"https://doi.org/10.1515/erj-2024-0144","pdf_url":null,"source":{"id":"https://openalex.org/S2764465404","display_name":"Entrepreneurship Research Journal","issn_l":"2157-5665","issn":["2157-5665","2194-6175"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-3","jufo-1","ki-jl-1","norway-1","poland-70","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310313990","host_organization_name":"De Gruyter","host_organization_lineage":["https://openalex.org/P4310313990"],"host_organization_lineage_names":["De Gruyter"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Entrepreneurship Research Journal","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5078079116","display_name":"Oumaima Quiddi","orcid":"https://orcid.org/0000-0001-9853-5449","observed_orcids":["https://orcid.org/0000-0001-9853-5449"]},"institutions":[{"id":"https://openalex.org/I4210161322","display_name":"ESCA Ecole de Management","ror":"https://ror.org/04ykvv917","country_code":"MA","type":"education","lineage":["https://openalex.org/I4210161322"]}],"countries":["MA"],"is_corresponding":true,"raw_author_name":"Oumaima Quiddi","raw_affiliation_strings":["Chair of Family Businesses in Morocco , 309692 ESCA Ecole de Management , Casablanca , Morocco"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Chair of Family Businesses in Morocco , 309692 ESCA Ecole de Management , Casablanca , Morocco","institution_ids":["https://openalex.org/I4210161322"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5075414746","display_name":"Rania Labaki","orcid":"https://orcid.org/0000-0002-5343-6663","observed_orcids":["https://orcid.org/0000-0002-5343-6663"]},"institutions":[{"id":"https://openalex.org/I90326151","display_name":"Ecole des Hautes Etudes Commerciales du Nord","ror":"https://ror.org/05q7a8a02","country_code":"FR","type":"education","lineage":["https://openalex.org/I90326151"]}],"countries":["FR"],"is_corresponding":false,"raw_author_name":"Rania Labaki","raw_affiliation_strings":["EDHEC Business School , Roubaix , France"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"EDHEC Business School , Roubaix , France","institution_ids":["https://openalex.org/I90326151"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5031496337","display_name":"Badr Habba","orcid":"https://orcid.org/0000-0002-9097-1702","observed_orcids":["https://orcid.org/0000-0002-9097-1702","https://orcid.org/0009-0003-5470-0176"]},"institutions":[{"id":"https://openalex.org/I4210161322","display_name":"ESCA Ecole de Management","ror":"https://ror.org/04ykvv917","country_code":"MA","type":"education","lineage":["https://openalex.org/I4210161322"]}],"countries":["MA"],"is_corresponding":false,"raw_author_name":"Badr Habba","raw_affiliation_strings":["Chair of Family Businesses in Morocco , 309692 ESCA Ecole de Management , Casablanca , Morocco"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Chair of Family Businesses in Morocco , 309692 ESCA Ecole de Management , Casablanca , Morocco","institution_ids":["https://openalex.org/I4210161322"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5005946599","display_name":"Ta\u00efb Berrada El Azizi","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I4210161322","display_name":"ESCA Ecole de Management","ror":"https://ror.org/04ykvv917","country_code":"MA","type":"education","lineage":["https://openalex.org/I4210161322"]}],"countries":["MA"],"is_corresponding":false,"raw_author_name":"Taib Berrada EL Azizi","raw_affiliation_strings":["Chair of Family Businesses in Morocco , 309692 ESCA Ecole de Management , Casablanca , Morocco"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Chair of Family Businesses in Morocco , 309692 ESCA Ecole de Management , Casablanca , Morocco","institution_ids":["https://openalex.org/I4210161322"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5078079116"],"corresponding_institution_ids":["https://openalex.org/I4210161322"],"apc_list":{"value":2400,"currency":"EUR","value_usd":2712},"apc_paid":null,"fwci":0.8355,"has_fulltext":false,"cited_by_count":1,"citation_normalized_percentile":{"value":0.70087903,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":91,"max":95},"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11843","display_name":"Family Business Performance and Succession","score":0.8945000171661377,"subfield":{"id":"https://openalex.org/subfields/1407","display_name":"Organizational Behavior and Human Resource Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11843","display_name":"Family Business Performance and Succession","score":0.8945000171661377,"subfield":{"id":"https://openalex.org/subfields/1407","display_name":"Organizational Behavior and Human Resource Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.10339999943971634,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12123","display_name":"Financial Analysis and Corporate Governance","score":0.00019999999494757503,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/family-business","display_name":"family business","score":0.9829999804496765},{"id":"https://openalex.org/keywords/investment-behavior","display_name":"investment behavior","score":0.9079999923706055},{"id":"https://openalex.org/keywords/arab-world","display_name":"Arab world","score":0.5820000171661377},{"id":"https://openalex.org/keywords/family-control","display_name":"family control","score":0.7120000123977661},{"id":"https://openalex.org/keywords/internal-financing","display_name":"internal financing","score":0.7680000066757202},{"id":"https://openalex.org/keywords/pecking-order-theory","display_name":"pecking order theory","score":0.8759999871253967},{"id":"https://openalex.org/keywords/risk-aversion","display_name":"risk aversion","score":0.9020000100135803},{"id":"https://openalex.org/keywords/financial-behavior","display_name":"financial behavior","score":0.597000002861023},{"id":"https://openalex.org/keywords/family-vs-non-family-firms","display_name":"family vs non-family firms","score":0.5360000133514404}],"concepts":[{"id":"https://openalex.org/C2992251426","wikidata":"https://www.wikidata.org/wiki/Q1395324","display_name":"Family business","level":2,"score":0.7936550378799438},{"id":"https://openalex.org/C84309077","wikidata":"https://www.wikidata.org/wiki/Q3908516","display_name":"Entrepreneurship","level":2,"score":0.6640583872795105},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.6063798666000366},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.57747882604599},{"id":"https://openalex.org/C2986160967","wikidata":"https://www.wikidata.org/wiki/Q2043282","display_name":"Business management","level":2,"score":0.4211769998073578},{"id":"https://openalex.org/C178550888","wikidata":"https://www.wikidata.org/wiki/Q2043282","display_name":"Business administration","level":1,"score":0.3238811492919922},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.29241710901260376},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.12787604331970215},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1515/erj-2024-0144","doi":"https://doi.org/10.1515/erj-2024-0144","is_oa":false,"landing_page_url":"https://doi.org/10.1515/erj-2024-0144","pdf_url":null,"source":{"id":"https://openalex.org/S2764465404","display_name":"Entrepreneurship Research Journal","issn_l":"2157-5665","issn":["2157-5665","2194-6175"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-3","jufo-1","ki-jl-1","norway-1","poland-70","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310313990","host_organization_name":"De Gruyter","host_organization_lineage":["https://openalex.org/P4310313990"],"host_organization_lineage_names":["De Gruyter"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Entrepreneurship Research Journal","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":125,"referenced_works":["https://openalex.org/W91480530","https://openalex.org/W752709143","https://openalex.org/W1492828457","https://openalex.org/W1501432464","https://openalex.org/W1541817185","https://openalex.org/W1571088562","https://openalex.org/W1579562321","https://openalex.org/W1586384635","https://openalex.org/W1680566133","https://openalex.org/W1740301669","https://openalex.org/W1892562541","https://openalex.org/W1893570229","https://openalex.org/W1970032416","https://openalex.org/W1978282661","https://openalex.org/W1984183268","https://openalex.org/W1995696035","https://openalex.org/W2006617875","https://openalex.org/W2013685159","https://openalex.org/W2034635937","https://openalex.org/W2035269562","https://openalex.org/W2038396849","https://openalex.org/W2061156833","https://openalex.org/W2066217346","https://openalex.org/W2074928461","https://openalex.org/W2077346370","https://openalex.org/W2077502361","https://openalex.org/W2082103206","https://openalex.org/W2085391041","https://openalex.org/W2101297709","https://openalex.org/W2104514639","https://openalex.org/W2104640390","https://openalex.org/W2105089260","https://openalex.org/W2110434128","https://openalex.org/W2111558694","https://openalex.org/W2112352537","https://openalex.org/W2115871647","https://openalex.org/W2123362321","https://openalex.org/W2125227258","https://openalex.org/W2128083749","https://openalex.org/W2129365985","https://openalex.org/W2131538393","https://openalex.org/W2135241016","https://openalex.org/W2154297581","https://openalex.org/W2155686058","https://openalex.org/W2160860931","https://openalex.org/W2164871803","https://openalex.org/W2165389644","https://openalex.org/W2167348025","https://openalex.org/W2168237201","https://openalex.org/W2169264864","https://openalex.org/W2187185902","https://openalex.org/W2191864198","https://openalex.org/W2202627615","https://openalex.org/W2230162820","https://openalex.org/W2253058759","https://openalex.org/W2339745700","https://openalex.org/W2468642109","https://openalex.org/W2500184452","https://openalex.org/W2559649371","https://openalex.org/W2580000514","https://openalex.org/W2584425351","https://openalex.org/W2613899141","https://openalex.org/W2616601226","https://openalex.org/W2616753129","https://openalex.org/W2656910833","https://openalex.org/W2739656810","https://openalex.org/W2751213078","https://openalex.org/W2752617332","https://openalex.org/W2765489072","https://openalex.org/W2801049339","https://openalex.org/W2807273701","https://openalex.org/W2884267925","https://openalex.org/W2886772827","https://openalex.org/W2890706440","https://openalex.org/W2891719468","https://openalex.org/W2895655595","https://openalex.org/W2898682085","https://openalex.org/W2900256650","https://openalex.org/W2902301962","https://openalex.org/W2925299157","https://openalex.org/W2997169369","https://openalex.org/W3003684024","https://openalex.org/W3008482178","https://openalex.org/W3017672369","https://openalex.org/W3037310807","https://openalex.org/W3041523513","https://openalex.org/W3042353338","https://openalex.org/W3087903423","https://openalex.org/W3119422015","https://openalex.org/W3122136141","https://openalex.org/W3122664406","https://openalex.org/W3123282572","https://openalex.org/W3123562738","https://openalex.org/W3124114405","https://openalex.org/W3124853474","https://openalex.org/W3124866554","https://openalex.org/W3130964528","https://openalex.org/W3131695114","https://openalex.org/W3134953367","https://openalex.org/W3159787207","https://openalex.org/W3161720875","https://openalex.org/W3163811752","https://openalex.org/W3165457265","https://openalex.org/W3200281505","https://openalex.org/W3202820538","https://openalex.org/W3209468950","https://openalex.org/W4205252214","https://openalex.org/W4224979784","https://openalex.org/W4231209392","https://openalex.org/W4288069714","https://openalex.org/W4291618600","https://openalex.org/W4292435663","https://openalex.org/W4302424834","https://openalex.org/W4310423038","https://openalex.org/W4321846075","https://openalex.org/W4381185769","https://openalex.org/W4387463302","https://openalex.org/W4390539476","https://openalex.org/W4392343187","https://openalex.org/W4392941445","https://openalex.org/W4400257417","https://openalex.org/W4400843773","https://openalex.org/W4402247657","https://openalex.org/W6880427822","https://openalex.org/W7000137097"],"related_works":["https://openalex.org/W3134254615","https://openalex.org/W4390539476","https://openalex.org/W2615752265","https://openalex.org/W4413774138","https://openalex.org/W3042353338","https://openalex.org/W3165476462","https://openalex.org/W7214516802","https://openalex.org/W3134953367","https://openalex.org/W2328429309","https://openalex.org/W4241906329"],"abstract_inverted_index":{"Abstract":[0],"The":[1],"literature":[2],"on":[3,18,153,179,191],"financial":[4,192],"behavior":[5,35,51,96,193],"of":[6,36,55,68,71,74,93,97,194],"family":[7,37,77,98,147,174,195],"businesses":[8,38,80,114,196],"is":[9],"still":[10],"scarce":[11],"and":[12,78,110,175],"inconclusive,":[13],"with":[14,53,59,167],"a":[15,65,127,164],"predominant":[16],"focus":[17],"Western":[19],"contexts.":[20],"In":[21],"this":[22],"article,":[23],"we":[24,182],"address":[25],"these":[26,113],"gaps":[27],"by":[28,151],"extending":[29],"the":[30,33,40,45,82,94,101,198],"analysis":[31,67],"to":[32,47,86,125,132,135],"investment":[34,50,95,133],"in":[39,119,171,197],"Arab":[41,199],"world.":[42,200],"We":[43,63],"examine":[44],"extent":[46],"which":[48],"their":[49,60,120,143],"aligns":[52],"that":[54],"non-family":[56,79,137,176],"counterparts":[57],"along":[58],"underlying":[61],"drivers.":[62],"conduct":[64],"quantitative":[66],"panel":[69],"data":[70],"two":[72],"samples":[73],"large":[75,136,173],"listed":[76],"covering":[81],"period":[83],"from":[84],"2013":[85],"2019.":[87],"Our":[88],"findings":[89,162],"reveal":[90],"distinct":[91],"characteristics":[92],"businesses,":[99],"underscoring":[100],"need":[102],"for":[103,145],"context-specific":[104],"interpretation.":[105],"Even":[106],"as":[107],"they":[108],"grow":[109],"go":[111],"public,":[112],"retain":[115],"distinctive":[116],"traits":[117],"rooted":[118],"family-business":[121],"nexus.":[122],"They":[123],"tend":[124],"adopt":[126],"more":[128,188],"cautious,":[129],"risk-averse":[130],"approach":[131,141],"compared":[134],"businesses.":[138,177],"This":[139],"conservative":[140],"reflects":[142],"preference":[144],"preserving":[146],"control,":[148],"often":[149],"achieved":[150],"relying":[152],"internal":[154],"financing":[155],"rather":[156],"than":[157],"external":[158],"funding.":[159],"Moreover,":[160],"our":[161,180],"suggest":[163],"general":[165],"alignment":[166],"pecking":[168],"order":[169],"theory":[170],"both":[172],"Building":[178],"contributions,":[181],"propose":[183],"future":[184],"research":[185],"directions":[186],"towards":[187],"exhaustive":[189],"knowledge":[190]},"counts_by_year":[{"year":2026,"cited_by_count":1}],"updated_date":"2026-11-08T12:12:28.789561","created_date":"2025-01-24T00:00:00"}
