Crisis Reveals Character: Founder and Founding Family Involvement During Firm Crises

IF 9.9 1区 管理学 Q1 BUSINESS Family Business Review Pub Date : 2025-02-10 DOI:10.1177/08944865251314530
Jan-Philipp Ahrens, Marc Kowalzick, Jochim G. Lauterbach, Jennifer Louise Petriglieri
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引用次数: 0

Abstract

We differentiate between “founder involvement,” “founding family involvement,” and the absence of such involvement in a firm. We maintain that family owners and chief executive officers (CEOs) assume a “familial” identity given family relations within the firm, whereas mere founders, influenced by arms-length relations to commercial stakeholders, embrace the opportunity-seeking “entrepreneurial” identity of an independent maker. We theorize and show how founder and founding family involvement shape the turnaround strategy and performance of firms divergently—from each other and from cases without such involvement—and explicate how the respective effects are moderated by crisis severity and firm age.
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来源期刊
CiteScore
12.40
自引率
13.60%
发文量
13
期刊介绍: Family Business Review (FBR) has been a refereed journal since 1988, serving as the premier scholarly publication dedicated to the study of family-controlled enterprises. It delves into the dynamics of these businesses, encompassing a range of sizes from small to very large. FBR concentrates not only on the entrepreneurial founding generation but also on family enterprises in subsequent generations, including some of the world's oldest companies. The journal also publishes interdisciplinary research covering families of wealth, family foundations, and offices.
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