Open AccessGlobal Mapping of Risks in Family Businesses
Author(s) -
Ilyass Taki,
Badr Habba,
Taïb Berrada El Azizi
Publication year - 2021
Publication title -
international journal of business and management
Language(s) - English
Resource type - Journals
eISSN - 1833-8119
pISSN - 1833-3850
DOI - 10.5539/ijbm.v16n8p122
Subject(s) - business , risk analysis (engineering) , control (management) , key (lock) , family business , business risks , process management , computer science , marketing , computer security , artificial intelligence
This study aims to approach the potential risks of the family businesses, on the basis of extensive literature and theoretical researches. This paper first provides a global overview that summarize the key literature of the family business risks, categorized according to their specificities. Subsequently, the risk mapping framework proposed is inspired by the internal control objectives (Note 1) suggested by the COSO 1 and 2 standards. This helped draw a global mapping of risks that therefore constitutes a first global risk mapping in literature, which are likely specific to this type of business. The result of our paper aims to enrich the theory and help managers to anticipate and manage family business risks.