Pub Date : 2020-05-31DOI: 10.24310/ejfbejfb.v10i1.6780
Remedios Hernández Linares, María Concepción López Fernandez
Firms develop and use multiple strategic orientations. However, the investigations considering more than one strategic orientation are scant and have paid scant attention to the singular context of family firms, despite the growing evidence of their special strategic behavior. To cover these research gaps, we analyze the combined effects of three strategic orientations (mainly, entrepreneurial orientation, learning orientation, and market orientation) on family firm’s performance, by comparing family firms and non-family firms from Spain and Portugal. Our results show that the entrepreneurial orientation is the strategic orientation with higher impact on family firm performance, followed by market orientation, so, our work offers family firms some insights to an improved performance. In addition our work contributes to literature by corroborating the idea of strategic equifinality.
{"title":"Entrepreneurial orientation, learning orientation, market orientation, and organizational performance: Family firms versus non-family firms","authors":"Remedios Hernández Linares, María Concepción López Fernandez","doi":"10.24310/ejfbejfb.v10i1.6780","DOIUrl":"https://doi.org/10.24310/ejfbejfb.v10i1.6780","url":null,"abstract":"Firms develop and use multiple strategic orientations. However, the investigations considering more than one strategic orientation are scant and have paid scant attention to the singular context of family firms, despite the growing evidence of their special strategic behavior. To cover these research gaps, we analyze the combined effects of three strategic orientations (mainly, entrepreneurial orientation, learning orientation, and market orientation) on family firm’s performance, by comparing family firms and non-family firms from Spain and Portugal. Our results show that the entrepreneurial orientation is the strategic orientation with higher impact on family firm performance, followed by market orientation, so, our work offers family firms some insights to an improved performance. In addition our work contributes to literature by corroborating the idea of strategic equifinality.","PeriodicalId":100498,"journal":{"name":"European Journal of Family Business","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-05-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83414282","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-05-31DOI: 10.24310/ejfbejfb.v10i1.6683
F. Reyes-Santías, Elena Rivo-López, Mónica Villanueva-Villar
La relevancia de la empresa familiar en la economía mundial la ha llevado a ser objeto de estudio desde diversos ámbitos y perspectivas. Sin embargo, el papel que juega la empresa familiar en el sector sanitario privado apenas ha sido analizado. El objetivo de este trabajo de investigación se centra en el estudio de la evolución histórica de la empresa familiar en el ámbito de la sanidad privada, intentando conocer la variación de la contribución de la misma al sector durante el periodo 1995-2018. Con este propósito, se construye una base de datos con los hospitales privados existentes en España, clasificándolos en familiares y no familiares para los años 1995 y 2018, realizando un análisis de corte transversal. Se observa un nivel de supervivencia de las empresas familiares de casi un 60%. Se propone implementar la metodología del estudio de casos en investigación futuras.
{"title":"La empresa familiar en el sector sanitario: Evolución y perspectivas futuras","authors":"F. Reyes-Santías, Elena Rivo-López, Mónica Villanueva-Villar","doi":"10.24310/ejfbejfb.v10i1.6683","DOIUrl":"https://doi.org/10.24310/ejfbejfb.v10i1.6683","url":null,"abstract":"La relevancia de la empresa familiar en la economía mundial la ha llevado a ser objeto de estudio desde diversos ámbitos y perspectivas. Sin embargo, el papel que juega la empresa familiar en el sector sanitario privado apenas ha sido analizado. El objetivo de este trabajo de investigación se centra en el estudio de la evolución histórica de la empresa familiar en el ámbito de la sanidad privada, intentando conocer la variación de la contribución de la misma al sector durante el periodo 1995-2018. Con este propósito, se construye una base de datos con los hospitales privados existentes en España, clasificándolos en familiares y no familiares para los años 1995 y 2018, realizando un análisis de corte transversal. Se observa un nivel de supervivencia de las empresas familiares de casi un 60%. Se propone implementar la metodología del estudio de casos en investigación futuras.","PeriodicalId":100498,"journal":{"name":"European Journal of Family Business","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-05-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83881429","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-05-31DOI: 10.24310/ejfbejfb.v10i1.6688
Aragon Cristina, Iturrioz-Landart Cristina
This paper aims to measure the influence of the family responsible ownership practices on the socially responsible behaviour of family small and medium firms. To reach this purpose, we define six hypothesis and we apply an empirical testing of an integrative model. Based on a sample of 84 family SMEs, we use structural equation modelling to test for possible relationships within and between the constructs. This study reveals the relevance of the family responsible ownership practices as a driver that influences social responsible practices in family SMEs. The results confirmed that positive relationships exist between each of the following three antecedents: a) responsible management succession, b) responsible financial resource allocation and c) professionalism and social responsibility among family SMEs. Additionally, a positive relationship between family responsible ownership practices and family firm social responsibility was found.
{"title":"How do family responsible ownership practices enhance social responsibility in small and medium family firms?","authors":"Aragon Cristina, Iturrioz-Landart Cristina","doi":"10.24310/ejfbejfb.v10i1.6688","DOIUrl":"https://doi.org/10.24310/ejfbejfb.v10i1.6688","url":null,"abstract":"This paper aims to measure the influence of the family responsible ownership practices on the socially responsible behaviour of family small and medium firms. To reach this purpose, we define six hypothesis and we apply an empirical testing of an integrative model. Based on a sample of 84 family SMEs, we use structural equation modelling to test for possible relationships within and between the constructs. This study reveals the relevance of the family responsible ownership practices as a driver that influences social responsible practices in family SMEs. The results confirmed that positive relationships exist between each of the following three antecedents: a) responsible management succession, b) responsible financial resource allocation and c) professionalism and social responsibility among family SMEs. Additionally, a positive relationship between family responsible ownership practices and family firm social responsibility was found.","PeriodicalId":100498,"journal":{"name":"European Journal of Family Business","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-05-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90588934","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-05-31DOI: 10.24310/ejfbejfb.v10i1.6690
Luís Otero González, Luis Ignacio Rodriguez Gil, Pablo Durán Santomil, Araceli Tamayo Herrera
This paper analyses the effect of family ownership and the characteristics of the board of directors on the implementation level of enterprise risk management (ERM) in Spanish non-financial companies. The sample consists of 162 Spanish non-financial companies listed on Spanish stock exchanges and markets during 2012–2015. The results obtained show that the relationship between the level of family ownership concentration and the implementation level of an ERM system has a non-linear structure. Therefore, a reduction in implementation for moderate ownership levels is observed, although this increases with high ownership values. Regarding corporate governance, our study confirms the importance of certain characteristics of the board of directors, such as the size and the figure of the shareholder director in the implementation of formal ERM systems.
{"title":"Ownership, board, and enterprise risk management","authors":"Luís Otero González, Luis Ignacio Rodriguez Gil, Pablo Durán Santomil, Araceli Tamayo Herrera","doi":"10.24310/ejfbejfb.v10i1.6690","DOIUrl":"https://doi.org/10.24310/ejfbejfb.v10i1.6690","url":null,"abstract":"This paper analyses the effect of family ownership and the characteristics of the board of directors on the implementation level of enterprise risk management (ERM) in Spanish non-financial companies. The sample consists of 162 Spanish non-financial companies listed on Spanish stock exchanges and markets during 2012–2015. The results obtained show that the relationship between the level of family ownership concentration and the implementation level of an ERM system has a non-linear structure. Therefore, a reduction in implementation for moderate ownership levels is observed, although this increases with high ownership values. Regarding corporate governance, our study confirms the importance of certain characteristics of the board of directors, such as the size and the figure of the shareholder director in the implementation of formal ERM systems.","PeriodicalId":100498,"journal":{"name":"European Journal of Family Business","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-05-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79047437","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-05-26DOI: 10.24310/EJFBEJFB.V9I2.9328
Vanesa F. Guzmán Parra
{"title":"CALL FOR PAPERS: INTERNATIONAL BEHAVIOR OF FAMILY BUSINESS. THE ROLE OF CORPORATE GOVERNANCE","authors":"Vanesa F. Guzmán Parra","doi":"10.24310/EJFBEJFB.V9I2.9328","DOIUrl":"https://doi.org/10.24310/EJFBEJFB.V9I2.9328","url":null,"abstract":"","PeriodicalId":100498,"journal":{"name":"European Journal of Family Business","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-05-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87480747","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-05-22DOI: 10.24310/ejfbejfb.v9i2.9241
J. Lorenzo-Gomez, Pedro Núñez-Cacho, Alfredo De Massis, J. Kotlar
Innovation in family firms is still a controversial issue within the academic community and poses some unique challenges for family business owners and managers. This special issue on innovation in family firms results from the cooperation of both academic and business guest editors, in a pioneering initiative that is not usual in academic journals. Indeed, a key feature of this Special Issue has been the collaboration with two family business leaders, who have been involved in the editorial process together with the academics. The two business editors that we involved are Antonio Gallardo, Vicepresident of Almiralland former director of FBN-Family Business Network,andIgnacio Osborne, CEO of the Osborne Groupand Chairman of the Spanish Family Firm Institute. In order to introduce the six papers that make up this special issue on innovation in family firms, we as academic editors are pleased to include some comments from the business editors that emerged during our interactions with the aim to make a step forward toward bridging the gap between research and practice on family business innovation, acknowledging the different perspectives and approaches adopted by academics and practitioners. As the business editor Mr. Osborne points: “Innovation issues in family firms are nowadays more important than ever, due to the rapid developments that are occurring in the business world and its corresponding technologies”. Despite being a topic analyzed by a number of authors over time (Feranita, Kotlar and De Massis, 2017; Aparicio, Iturralde and Sánchez-Famoso, 2020 in this issue; Chrisman, Chua, De Massis, Frattini and Wright, 2015), the study of innovation in family business still requires a greater volume of research to provide answers to the needs of family businesses. The distinctive nature of family firms results in a complex influence on the innovation process (De Massis, Frattini and Lichtenthaler, 2013), which is reflected in mixed research findings. For instance, the conclusions of the published research offer sometimes contradictory results, since family businesses can be considered innovative (Aronoff, 1998; Craig and Moores, 2006) or conservative (Sharma, Chrisman, y Chua, 1997; Zahra, Hayton y Salvato, 2004; Gómez-Mejía et al., 2007), with several studies that can support whatever of the two options. Family businesses present a number of characteristics that, a priori, seem to favor innovation, such as long-term orientation (Tagiuri and Davis, 1996; Ward and Aronoff, 1994), the desire for continuity through the following generations (Miroshnychenko et al., 2020; Gallo, 1995), patient capital (De Massis, Audretsch, Uhlaner and Kammerlander, 2018; Sirmon and Hitt, 2003), and the long tenure of their main leaders (Lorenzo, 2020). The replacement of the prior generation by the next generation implies the access of younger people to the leadership of the company, who also often present a greater level of qualification (De Massis et al., 2008; C
家族企业的创新问题在学术界一直是一个有争议的问题，它给家族企业的所有者和管理者带来了一些独特的挑战。这期关于家族企业创新的特刊是学术和商业客座编辑合作的结果，这是学术期刊上不常见的开创性倡议。事实上，这期特刊的一个主要特点是与两位家族企业领导人合作，他们与学者一起参与了编辑过程。我们采访的两位商业编辑是Almiralland副总裁、fbn家族企业网络前总监安东尼奥•加拉多(Antonio Gallardo)和奥斯本集团首席执行官、西班牙家族企业研究所主席伊格纳西奥•奥斯本(ignacio Osborne)。为了介绍本期关于家族企业创新的特刊的六篇论文，作为学术编辑，我们很高兴地收录了一些商业编辑在我们的互动中产生的评论，目的是在弥合家族企业创新研究与实践之间的差距方面迈出一步，承认学者和从业者采用的不同观点和方法。正如商业编辑奥斯本先生所指出的那样:“由于商业世界及其相应技术的快速发展，家族企业的创新问题比以往任何时候都更加重要。”尽管随着时间的推移，这是一个被许多作者分析的话题(Feranita, Kotlar和De Massis, 2017;Aparicio, Iturralde和Sánchez-Famoso, 2020;Chrisman, Chua, De Massis, Frattini and Wright, 2015)，对家族企业创新的研究仍然需要更大量的研究来为家族企业的需求提供答案。家族企业的独特性质导致了对创新过程的复杂影响(De Massis, Frattini和Lichtenthaler, 2013)，这反映在混合的研究结果中。例如，已发表的研究结论有时会提供相互矛盾的结果，因为家族企业可以被认为是创新的(Aronoff, 1998;Craig and Moores, 2006)或保守(Sharma, Chrisman, y Chua, 1997;Zahra, Hayton y Salvato, 2004;Gómez-Mejía等人，2007)，有几项研究可以支持这两种选择中的任何一种。家族企业表现出一些先天有利于创新的特征，如长期导向(Tagiuri和Davis, 1996;Ward and Aronoff, 1994)，对后代延续的渴望(Miroshnychenko et al.， 2020;Gallo, 1995)，耐心资本(De Massis, Audretsch, Uhlaner and Kammerlander, 2018;西蒙和希特，2003)，以及他们的主要领导人的长期任期(洛伦佐，2020)。下一代人取代上一代意味着更年轻的人可以进入公司的领导层，他们通常也具有更高的资格水平(De Massis et al.， 2008;Cabrera-Suarez, 2011)。年轻而合格的领导者将通过公司的更新为公司提供新的动力(Núñez-Cacho和Lorenzo, 2020)。同样，继承者通过家族企业的价值观(Erdogan et al.， 2020)获得了重要的遗产，如努力、毅力、节俭、卓越、长期导向和企业家精神，作为他们理解商业活动方式的基本基础(Bermejo, 2008)。因此，新一代经理可能处于重塑公司的最佳条件，因为他们从内部了解业务，而且他们还提供了一个人未来工作生活的新愿景。另一个有利于下一代更新冲动的因素是家族对长期任期的支持，这不会像其他类型的公司那样受到短期结果的制约，也不会像家族企业(Lorenzo, 2020)那样受到所谓的耐心资本(simon and Hitt, 2003)的制约。但是，即使在特定的家族企业中满足了这些理想条件，也不能保证公司实现了它所需要的创新。因此，有必要进一步阐明创新的决定因素和条件。本期特刊的编辑选择了一些反映这一主题的最新研究成果的论文，指出了一些最有前途的创新研究方向。根据商业编辑Gallardo先生的说法，“本期特刊中出现的一个非常重要的方面是，其中发表的论文揭示了外部对家族和企业内部技术的贡献，对于帮助家族企业实现创新所需的变革通常是至关重要的”。家族企业的创新一直是研究人员非常感兴趣的现象，尤其是在过去的十年里。
{"title":"Introduction to the Special Issue","authors":"J. Lorenzo-Gomez, Pedro Núñez-Cacho, Alfredo De Massis, J. Kotlar","doi":"10.24310/ejfbejfb.v9i2.9241","DOIUrl":"https://doi.org/10.24310/ejfbejfb.v9i2.9241","url":null,"abstract":"Innovation in family firms is still a controversial issue within the academic community and poses some unique challenges for family business owners and managers. This special issue on innovation in family firms results from the cooperation of both academic and business guest editors, in a pioneering initiative that is not usual in academic journals. Indeed, a key feature of this Special Issue has been the collaboration with two family business leaders, who have been involved in the editorial process together with the academics. \u0000The two business editors that we involved are Antonio Gallardo, Vicepresident of Almiralland former director of FBN-Family Business Network,andIgnacio Osborne, CEO of the Osborne Groupand Chairman of the Spanish Family Firm Institute. \u0000In order to introduce the six papers that make up this special issue on innovation in family firms, we as academic editors are pleased to include some comments from the business editors that emerged during our interactions with the aim to make a step forward toward bridging the gap between research and practice on family business innovation, acknowledging the different perspectives and approaches adopted by academics and practitioners. As the business editor Mr. Osborne points: “Innovation issues in family firms are nowadays more important than ever, due to the rapid developments that are occurring in the business world and its corresponding technologies”. \u0000Despite being a topic analyzed by a number of authors over time (Feranita, Kotlar and De Massis, 2017; Aparicio, Iturralde and Sánchez-Famoso, 2020 in this issue; Chrisman, Chua, De Massis, Frattini and Wright, 2015), the study of innovation in family business still requires a greater volume of research to provide answers to the needs of family businesses. The distinctive nature of family firms results in a complex influence on the innovation process (De Massis, Frattini and Lichtenthaler, 2013), which is reflected in mixed research findings. For instance, the conclusions of the published research offer sometimes contradictory results, since family businesses can be considered innovative (Aronoff, 1998; Craig and Moores, 2006) or conservative (Sharma, Chrisman, y Chua, 1997; Zahra, Hayton y Salvato, 2004; Gómez-Mejía et al., 2007), with several studies that can support whatever of the two options. \u0000Family businesses present a number of characteristics that, a priori, seem to favor innovation, such as long-term orientation (Tagiuri and Davis, 1996; Ward and Aronoff, 1994), the desire for continuity through the following generations (Miroshnychenko et al., 2020; Gallo, 1995), patient capital (De Massis, Audretsch, Uhlaner and Kammerlander, 2018; Sirmon and Hitt, 2003), and the long tenure of their main leaders (Lorenzo, 2020). The replacement of the prior generation by the next generation implies the access of younger people to the leadership of the company, who also often present a greater level of qualification (De Massis et al., 2008; C","PeriodicalId":100498,"journal":{"name":"European Journal of Family Business","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2020-05-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85871678","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-12-31DOI: 10.24310/ejfbejfb.v9i2.5392
Taras Fredyna, Daniel Ruiz Palomo, Julio Diéguez Soto
In this current research it has been examined, firstly, the Entrepreneurial orientation in relation with Product innovation, Incremental innovation and Radical innovation, and, secondly, the moderating effect of Family involvement in the management of companies in the relationship between Entrepreneurial orientation and Product innovation, Incremental innovation and Radical innovation. Using a sample of 634 Spanish family firms, the results found conclude that the Entrepreneurial orientation has a positive effect on Product innovation, Incremental innovation and Radical innovation, and moreover, they reveal that the Family involvement in the management of companies has a moderating effect on these relations, witnessing that family firms with higher scale of Family involvement in the management of the companies reduces the effect of Entrepreneurial orientation on Product innovation, Incremental innovation and finally, Radical innovation.
{"title":"Entrepreneurial orientation and product innovation. The moderating role of family involvement in management.","authors":"Taras Fredyna, Daniel Ruiz Palomo, Julio Diéguez Soto","doi":"10.24310/ejfbejfb.v9i2.5392","DOIUrl":"https://doi.org/10.24310/ejfbejfb.v9i2.5392","url":null,"abstract":"In this current research it has been examined, firstly, the Entrepreneurial orientation in relation with Product innovation, Incremental innovation and Radical innovation, and, secondly, the moderating effect of Family involvement in the management of companies in the relationship between Entrepreneurial orientation and Product innovation, Incremental innovation and Radical innovation. Using a sample of 634 Spanish family firms, the results found conclude that the Entrepreneurial orientation has a positive effect on Product innovation, Incremental innovation and Radical innovation, and moreover, they reveal that the Family involvement in the management of companies has a moderating effect on these relations, witnessing that family firms with higher scale of Family involvement in the management of the companies reduces the effect of Entrepreneurial orientation on Product innovation, Incremental innovation and finally, Radical innovation.","PeriodicalId":100498,"journal":{"name":"European Journal of Family Business","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87133255","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-12-31DOI: 10.24310/EJFBEJFB.V9I2.5265
Unai Arzubiaga, Amaia Maseda, Amaia Uribarri, Jesús Manuel Palma Ruiz
In a constantly changing environment, collaborative innovation enables the knowledge creation and new product designs, the improved efficiency of the production process and the reduction of time-to-market. However, the achievement of such results in the family SME depends mainly on the unique characteristics of this type of organization, which in turn represent the most widespread kind of business worldwide. Therefore, the objective of this article is to analyze how the composition of the management team, and the factors related to the capabilities –cognitive factors, absorptive capacity, and innovative trajectory- and the attitudes –preservation of SEW legacy and intra-organizational behavior- of the decision makers, mediated mainly by the influence of the family, affect when designing and implementing collaborative innovation processes in a successful way.
{"title":"Collaborative innovation in the family SME: conceptualization, goals, and success factors","authors":"Unai Arzubiaga, Amaia Maseda, Amaia Uribarri, Jesús Manuel Palma Ruiz","doi":"10.24310/EJFBEJFB.V9I2.5265","DOIUrl":"https://doi.org/10.24310/EJFBEJFB.V9I2.5265","url":null,"abstract":"In a constantly changing environment, collaborative innovation enables the knowledge creation and new product designs, the improved efficiency of the production process and the reduction of time-to-market. However, the achievement of such results in the family SME depends mainly on the unique characteristics of this type of organization, which in turn represent the most widespread kind of business worldwide. Therefore, the objective of this article is to analyze how the composition of the management team, and the factors related to the capabilities –cognitive factors, absorptive capacity, and innovative trajectory- and the attitudes –preservation of SEW legacy and intra-organizational behavior- of the decision makers, mediated mainly by the influence of the family, affect when designing and implementing collaborative innovation processes in a successful way.","PeriodicalId":100498,"journal":{"name":"European Journal of Family Business","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91218550","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-12-31DOI: 10.24310/EJFBEJFB.V9I2.5285
Laura Arteche Bueno, Camilo Prado Román, A. F. Portillo
Private equity is mostly invested in established firms, of which family firms are the dominant form. This article reports the recent evolution of the scientific research on the PE focused on family firms and small and medium-sized enterprises. The purpose is to identify the main themes related to the field between 1992 and 2018 and to identify and analyze the major thematic areas throughout the period. The methodology applied is the science mapping analysis, which shows that: (i) published research on the field is concentrated in two main thematic areas: corporate governance-entrepreneurship and innovation-management, and; (ii) there has been an atomization of the research field during the last six years. Throughout this article, the authors develop a more complete understanding of the PE scientific field focused on family owned SMEs and provide suggestions for those looking for alternatives to traditional bank financing.
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Pub Date : 2019-12-31DOI: 10.24310/ejfbejfb.v9i2.5678
Annie Koh, Esther Kong, Giuseppe Timperio
Family businesses play an important role in the growth of global economy, and while they are arguably perceived as a conservative form of organization with high risk aversion and reluctance to change, counterintuitive empirical evidence show that they are most effective in ideation and commercialization of innovation projects. In the current business environment of rapid change in work patterns, fast adoption of enabling technologies for seamless collaborations across industry and geography, along with intense competition and high uncertainty, enterprises have no choice but to maximize returns on innovation investments. Therefore, they are increasingly dependent on an ecosystem-based approach to innovation management, which has shown greater likelihood to create radical innovations and enable profit generation.The objective of this paper is to analyse determinants of open innovation practices in family-owned enterprises in consideration of the joint effect of in-company enablers and external factors. Drawing on a sample of 33 Singapore based family-owned firms, our findings confirmed the key drivers such as family and business culture, access to external funds, government supported initiatives, market dynamics, partnership, network, family capital, and external network. Managerial implications about the necessity to leverage both environmental determinants and internal innovation capabilities to foster novel business ideas are also highlighted in the conclusion of the paper.
{"title":"An Analysis of Open Innovation Determinants: the Case Study of Singapore based Family owned Enterprises","authors":"Annie Koh, Esther Kong, Giuseppe Timperio","doi":"10.24310/ejfbejfb.v9i2.5678","DOIUrl":"https://doi.org/10.24310/ejfbejfb.v9i2.5678","url":null,"abstract":"Family businesses play an important role in the growth of global economy, and while they are arguably perceived as a conservative form of organization with high risk aversion and reluctance to change, counterintuitive empirical evidence show that they are most effective in ideation and commercialization of innovation projects. In the current business environment of rapid change in work patterns, fast adoption of enabling technologies for seamless collaborations across industry and geography, along with intense competition and high uncertainty, enterprises have no choice but to maximize returns on innovation investments. Therefore, they are increasingly dependent on an ecosystem-based approach to innovation management, which has shown greater likelihood to create radical innovations and enable profit generation.The objective of this paper is to analyse determinants of open innovation practices in family-owned enterprises in consideration of the joint effect of in-company enablers and external factors. Drawing on a sample of 33 Singapore based family-owned firms, our findings confirmed the key drivers such as family and business culture, access to external funds, government supported initiatives, market dynamics, partnership, network, family capital, and external network. Managerial implications about the necessity to leverage both environmental determinants and internal innovation capabilities to foster novel business ideas are also highlighted in the conclusion of the paper.","PeriodicalId":100498,"journal":{"name":"European Journal of Family Business","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73865116","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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