Replication Data for: Influence of family culture on enterprise risk management in Brazilian companies

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.