CEO Resilience in Family Firms in Times of Crisis

IF 5.6 1区 管理学 Q1 BUSINESS Family Business Review Pub Date : 2025-02-17 DOI:10.1177/08944865251319954
Donella Caspersz, Yong Wang, Bart Henssen, Salvatore Tomaselli, Johan Karlsson
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Abstract

The purpose of this paper is to understand the conditions that influence family CEOs’ resilience in times of crisis. Drawing upon social cognitive theory and adopting a fuzzy-set qualitative comparative analysis analytic approach, the article analyzes data from 67 family businesses. The findings show that CEO resilience emerges from the interplay of different sets of conditions in single- and multi-generational family businesses. The study makes the contribution that CEO resilience is contingent on dynamics at individual, family, and business levels, suggesting that CEO resilience in crisis times reflects a “crisis bricolage” of “making do” with resources that are “in hand” and “within reach.”
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危机时期家族企业CEO的韧性
本文的目的是了解影响家族ceo在危机时期恢复力的条件。本文借鉴社会认知理论,采用模糊集定性比较分析方法,对67家家族企业的数据进行了分析。研究结果表明,在单代和多代家族企业中,CEO的韧性来自不同条件的相互作用。该研究认为,CEO的弹性取决于个人、家庭和企业层面的动态,表明危机时期CEO的弹性反映了一种“危机拼凑”,即用“手头”和“触手可及”的资源“凑合”。
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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.
期刊最新文献
Narrative Memory Work of Employees in Family Businesses: How Founding Stories Shape Organizational Identification Looking Backward and Looking Forward: A Tribute to Don Neubaum—The Outgoing Editor of the Family Business Review The Role of Missionary and Darwinian Founder Identities for Family Firm Philanthropy The Relationship Between Formality and Child Work in Base-of-the-Pyramid Family Businesses Differences in New Venture Creation Activities Among Next-Generation Business Family Members: A Social Identity Perspective
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