...Paul Westhead Speculative hypotheses relating to firm performance and company objective differences between first and multi‐generation family firms were tested. Bivariate differences were found to be spurious. Results from multivariate multiple regression and logistic regression analyses suggest...

.... Orthodox theory assumes that the objective of the firm is to maximise profits, and it follows that the performance measures advocated are largely based upon this theory. However, research has shown that small firms pursue a range of goals. It was, therefore, not surprising to find that owner‐managers...

... Objectives Operations planning Strategic planning Capital budgeting Short‐termism Ownership Journal of Small Business and Enterprise Development, Volume 6, Number 4 Planning, business objectives and capital budgeting in Japanese, German and domestic SMEs: Some evidence from the UK manufacturing...