Journal of Family Business Strategy最新文献

英文中文

An update on family firm succession: A systematic literature review and future research directions 家族企业继承研究进展：系统文献综述及未来研究方向

IF 9.5 1区管理学 Q1 BUSINESS

Journal of Family Business Strategy

Pub Date : 2025-09-01 Epub Date: 2025-07-03 DOI: 10.1016/j.jfbs.2025.100671

Tobias Reif, Dustin Bauer, Sebastian Junge, Verena Hossnofsky

Family firm succession has received considerable academic attention, focusing on various topics such as the actors involved, process models, surrounding contexts, and process outcomes. A systematic literature review was conducted to provide updated field assessments. Our analysis identifies two core research streams: succession candidates and process models. We reveal the distinctions between family and non-family succession candidates within four sets of antecedents connected to performance and socioemotional wealth outcomes. In addition, we identified various succession process models that led to different process understandings. By comparing and synthesizing previous studies, we propose a succession process model that incorporates the aforementioned antecedents as vital explanatory variables in the succession process. These antecedents trigger and shape the resulting gatekeeping events between the process phases. We argue that the interrelations among the phases, their content, and their gatekeepers lead to different succession outcomes. Our insights enhance the understanding of successful succession and post-succession outcomes in family firms.

家族企业的继承已经获得了相当多的学术关注，集中在各种主题上，如涉及的参与者、过程模型、周围环境和过程结果。进行了系统的文献综述，以提供最新的实地评估。我们的分析确定了两个核心研究流：继任候选人和流程模型。我们在四组与绩效和社会情感财富结果相关的前因中揭示了家族和非家族继任候选人之间的差异。此外，我们还发现了导致不同过程理解的各种演替过程模型。通过对前人研究的比较和综合，我们提出了一个将上述前因变量作为演替过程重要解释变量的演替过程模型。这些先决条件触发并形成流程阶段之间的最终守门事件。我们认为，这些阶段之间的相互关系、它们的内容和它们的看门人导致了不同的演替结果。我们的见解增强了对家族企业成功继承和继承后结果的理解。

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引用次数: 0

From transmission to co-creation: Understanding family value composites in multigenerational business families 从传承到共同创造：了解多代企业家族的家族价值构成

IF 6.1 1区管理学 Q1 BUSINESS

Journal of Family Business Strategy

Pub Date : 2025-09-01 Epub Date: 2025-08-18 DOI: 10.1016/j.jfbs.2025.100686

Viktoria Luft , Anne Katarina Heider , Heinrich Liechtenstein , Tarek el Sehity

This study investigates how values are co-created, transformed, and sustained across generations in business families by introducing the concept of family value composites—dynamic configurations of shared values shaped through intergenerational interaction. Challenging the traditional view of values as static assets transmitted top-down, we adopt a processual and dialogical lens to explore how values evolve in lived family-business contexts. Based on 23 interviews across eight Austrian business families and using theory elaboration, we identify four key relational processes—mutual recognition, negotiation, adoption, and reinterpretation—that structure value co-creation. These processes lead to two outcomes: value continuity and value inversion, which together form coherent yet evolving family value composites. Our findings reconceptualize value transmission as dialogical co-creation, highlighting how younger generations engage critically with inherited values, sustaining some while reconfiguring others. The study contributes to family business theory by linking developmental and organizational perspectives and offers practical implications for succession and governance by emphasizing the importance of relational engagement in building enduring, meaningful family legacies.

本研究通过引入家庭价值组合的概念——通过代际互动形成的共享价值观的动态配置——来探讨价值观是如何在企业家族中跨代共同创造、转化和维持的。挑战价值观作为静态资产自上而下传播的传统观点，我们采用过程和对话的视角来探索价值观如何在生活的家族企业环境中演变。基于对8个奥地利企业家族的23次访谈，并运用理论阐述，我们确定了四个关键的关系过程——相互承认、谈判、采用和重新解释——这四个过程构成了价值共同创造的结构。这些过程导致两种结果：价值连续性和价值反转，它们共同形成连贯而不断发展的家庭价值组合。我们的研究结果将价值传递重新定义为对话共同创造，强调年轻一代如何批判性地参与继承的价值观，在重新配置其他价值观的同时维持一些价值观。该研究通过将发展和组织的观点联系起来，为家族企业理论做出了贡献，并通过强调关系参与在建立持久、有意义的家族遗产中的重要性，为继承和治理提供了实际意义。

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引用次数: 0

Corporate venturing in family firms: A systematic literature review and future research agenda 家族企业的企业风险投资：系统文献回顾与未来研究议程

IF 6.1 1区管理学 Q1 BUSINESS

Journal of Family Business Strategy

Pub Date : 2025-09-01 Epub Date: 2025-08-15 DOI: 10.1016/j.jfbs.2025.100685

Michela Bearzi , Daniel Pittino , Francesca Visintin , Cinzia Battistella

Corporate venturing initiatives are crucial for the survival, profitability, and growth of family firms. Although research on corporate venturing in family firms has expanded significantly over the past decades, it remains fragmented and conceptually inconsistent. To address these gaps, this systematic literature review comprehensively maps and integrates the existing research on corporate venturing in family firms, focusing on antecedents, intervening factors, outcomes, and their interrelationships. The review specifically considers the intertwined family, ownership, and business levels that together form the social system in which corporate venturing is embedded. Based on this analysis, the review offers several recommendations and suggests potential directions to advance the field further.

企业风险投资对家族企业的生存、盈利和成长至关重要。尽管在过去几十年里，对家族企业的企业风险投资的研究有了显著的扩展，但它仍然是零散的，在概念上也不一致。为了解决这些差距，本系统的文献综述全面绘制和整合了现有的关于家族企业风险投资的研究，重点是前因、干预因素、结果及其相互关系。该评估特别考虑了交织在一起的家族、所有权和企业层面，它们共同构成了企业冒险所嵌入的社会体系。基于这一分析，本文提出了一些建议，并提出了进一步推进该领域的潜在方向。

引用次数: 0

Measuring family dynamics in business-owning families: Development and validation of the business owning family adaptability and cohesion scale 企业家族的家庭动态测量：企业家族适应性与凝聚力量表的编制与验证

IF 9.5 1区管理学 Q1 BUSINESS

Journal of Family Business Strategy

Pub Date : 2025-09-01 Epub Date: 2025-07-03 DOI: 10.1016/j.jfbs.2025.100674

Thomas Rieg , Nastaran Simarasl , Sabine B. Rau , Franz W. Kellermanns

We draw from the Circumplex Model in family science to develop the Business-Owning Family Adaptability and Cohesion (BOFAC) scale to measure interpersonal family dynamics in family businesses. The BOFAC scale consists of two sub-scales: cohesion (7 items) and adaptability (8 items). We followed accepted scale development procedures, including conceptualization, item generation (based on 14 interviews with family business stakeholders), model specification (using a sample of 245 family business stakeholders), evaluation and refinement, and validation, relying on a sample of 144 family business CEOs and other constituents. Our findings show high reliability and validity. Compared to other existing family dynamics scales, BOFAC is directly tied to the family business context; it is short, easy to administer (self-report), and freely available to family business scholars (non-copyrighted).

本文借鉴家族科学中的Circumplex模型，开发了家族企业家庭适应性与凝聚力（BOFAC）量表，用于衡量家族企业中人际关系的家庭动态。BOFAC量表由两个子量表组成：凝聚力（7项）和适应性（8项）。我们遵循公认的量表开发程序，包括概念化、项目生成（基于对家族企业利益相关者的14次访谈）、模型规范（使用245个家族企业利益相关者的样本）、评估和改进以及验证（依赖于144个家族企业首席执行官和其他组成部分的样本）。本研究结果具有较高的信度和效度。与其他现有的家族动态量表相比，BOFAC与家族企业背景直接相关；它简短，易于管理（自我报告），并免费提供给家族企业学者（无版权）。

引用次数: 0

Resolution of financial distress in SMEs: How do family ownership and involvement affect second chance? 中小企业财务困境的解决：家族所有权和家族参与如何影响第二次机会？

IF 9.5 1区管理学 Q1 BUSINESS

Journal of Family Business Strategy

Pub Date : 2025-09-01 Epub Date: 2025-07-04 DOI: 10.1016/j.jfbs.2025.100673

Carlotta Magri , Federico Bertacchini , Pier Luigi Marchini

The aim of this study is to understand if the idiosyncrasies of family firms affect the likelihood of successfully recovering from financial distress through a debt restructuring proceeding. Relying on the mixed-gamble logic of the behavioral agency model, we hypothesize that family small and medium-sized enterprises (SMEs) have greater chances of resolving financial distress than non-family SMEs, as the former are driven by the preservation of long-term socioemotional wealth. Our findings suggest that family ownership and control, as well as family involvement, are positively associated with the likelihood of successful debt restructuring. This study highlights that the unique emotional attachment family executives have to their business enhances their motivation and capabilities, making them more effective than their non-family counterparts at resolving financial distress through debt restructuring.

本研究的目的是了解家族企业的特质是否会影响通过债务重组程序成功从财务困境中恢复的可能性。基于行为代理模型的混合博弈逻辑，我们假设家族中小企业比非家族中小企业解决财务困境的机会更大，因为家族中小企业是由长期社会情感财富的保存所驱动的。我们的研究结果表明，家族所有权和控制权，以及家族参与，与成功的债务重组的可能性呈正相关。本研究强调，家族高管对企业的独特情感依恋增强了他们的动力和能力，使他们比非家族高管更有效地通过债务重组解决财务困境。

引用次数: 0

Research on family offices: What is the way forward? A systematic literature review 家族办公室的研究：未来的方向是什么？系统的文献综述

IF 9.5 1区管理学 Q1 BUSINESS

Journal of Family Business Strategy

Pub Date : 2025-09-01 Epub Date: 2025-07-10 DOI: 10.1016/j.jfbs.2025.100670

Patrik Hayoz , Bingbing Ge , Alfredo De Massis

Despite the growing presence of family offices (FOs) in practice, research on FOs is still in its infancy. Through a systematic literature review (SLR) of 104 papers, we synthesize existing knowledge in the field by integrating insights from both academic and practitioner research. Our SLR provides a state-of-the-art understanding of FOs and identifies new avenues for research that combine theoretical insights with practical implications. Specifically, our research addresses three key questions: i) How has research on FOs evolved; ii) What do we know about FOs, and iii) How can researchers further contribute to the field? We find that current research focuses primarily on FOs as service providers, with limited attention to the perspective of families as need originators. By bridging academic and practitioner-oriented research, we propose a novel definition of FOs to advance the discourse in the field.

尽管家族办公室在实践中越来越多，但对家族办公室的研究仍处于起步阶段。通过对104篇论文的系统文献综述（SLR），我们通过整合学术和实践研究的见解来综合该领域的现有知识。我们的单反提供了对FOs的最先进的理解，并确定了将理论见解与实际意义相结合的研究新途径。具体来说，我们的研究解决了三个关键问题：i)关于FOs的研究是如何演变的；ii)我们对FOs了解多少？ iii)研究人员如何进一步为该领域做出贡献？我们发现，目前的研究主要集中在家庭作为服务提供者，很少关注家庭作为需求发起者的观点。通过衔接学术和实践者导向的研究，我们提出了一个新的FOs定义，以推进该领域的论述。

引用次数: 0

The anatomy of family business conflict 剖析家族企业冲突

IF 9.5 1区管理学 Q1 BUSINESS

Journal of Family Business Strategy

Pub Date : 2025-06-01 Epub Date: 2025-03-17 DOI: 10.1016/j.jfbs.2025.100660

Marco Mismetti , Barbara Del Bosco , Cristina Bettinelli , Alfredo De Massis

Understanding conflict in family businesses is a complex but essential study area for practitioners and academics. To enhance theoretical precision and provide practical insights, this article presents a comprehensive framework of family business conflict that integrates perspectives from the family business, organizational, management, psychology, and political science literature, as well as practitioner expertise. Highlighting important and often overlooked aspects of family business conflict, this study examines the circumstances of conflict (the who, what, where, why, when, and how) and provides a robust conceptualization of conflict dynamics in the unique family business setting. Through three illustrative examples of prominent family firms that have experienced conflict, the study demonstrates the value of the framework as a tool for understanding, theorizing, and effectively managing conflict.

对从业者和学者来说，理解家族企业中的冲突是一个复杂而又重要的研究领域。本文结合家族企业、组织、管理、心理学和政治学文献以及实践者的专业知识，提出了一个全面的家族企业冲突研究框架，以提高理论精确性和提供实践见解。本研究强调了家族企业冲突的重要和经常被忽视的方面，研究了冲突的环境（谁、什么、在哪里、为什么、何时以及如何），并提供了独特家族企业环境中冲突动态的强大概念化。通过三个经历过冲突的著名家族企业的说明性例子，本研究证明了该框架作为理解、理论化和有效管理冲突的工具的价值。

引用次数: 0

Competitive dynamics in family firms: Transactional versus communal approaches 家族企业的竞争动态：交易与公共方法

IF 9.5 1区管理学 Q1 BUSINESS

Journal of Family Business Strategy

Pub Date : 2025-06-01 Epub Date: 2025-05-08 DOI: 10.1016/j.jfbs.2025.100668

Danny Miller, Isabelle Le Breton-Miller

Family business scholarship has neglected the dynamics of competitive rivalry, while competitive dynamics scholars have ignored the familial drivers shaping the competitive behavior of family firms. We bridge competitive dynamics and socioemotional literatures to model family firm competitive behavior. Family firms whose owners prioritize generational involvement as a source of socioemotional wealth often favor long-term, stakeholder-oriented communal competition. By contrast, owners favoring ongoing economic benefits for relatives may favor short-term, family-centric transactional competition. We develop propositions differentiating these competitive models in core characteristics, draw implications for the classic AMC (awareness, motivation, capability) model of competitive attack and response, and propose contrasting competitive action repertoires. We conclude that socioemotional priorities within family firms have important implications for competitive interaction and suggest a rethinking of current views of competitive dynamics.

家族企业学者忽视了竞争竞争的动态，而竞争动力学学者则忽视了家族驱动因素对家族企业竞争行为的影响。我们将竞争动力学和社会情感文献联系起来，对家族企业的竞争行为进行建模。家族企业的所有者优先考虑将代际参与作为社会情感财富的来源，这些企业往往倾向于长期的、以利益相关者为导向的社区竞争。相比之下，希望为亲属带来持续经济利益的所有者可能倾向于短期的、以家庭为中心的交易竞争。我们提出了在核心特征上区分这些竞争模型的命题，得出了经典的竞争攻击和反应AMC（意识、动机、能力）模型的启示，并提出了对比的竞争动作库。我们得出结论，家族企业中的社会情感优先级对竞争互动具有重要意义，并建议重新思考当前竞争动态的观点。

引用次数: 0

What drives bank financing in family firms? A systematic review and research agenda 是什么推动了家族企业的银行融资？系统的审查和研究议程

IF 9.5 1区管理学 Q1 BUSINESS

Journal of Family Business Strategy

Pub Date : 2025-06-01 Epub Date: 2025-06-03 DOI: 10.1016/j.jfbs.2025.100669

Lien Vekemans , Anneleen Michiels , Tensie Steijvers , Vincent Molly

Given the significant role of family firms worldwide, their access to bank financing to fund growth and operations is crucial for the global economy. Through a systematic literature review analyzing 126 empirical articles published between 1998 and 2023, this study focuses on the determinants of bank financing use on the one hand and bank financing conditions on the other hand. In this article, we disentangle the diversified and evolving research domain of family business bank financing, uncover what might explain the conflicting findings in extant research, and discuss how scholars could move this field forward. Guided by behavioral theories, we present promising directions for future research by identifying gaps considering the role of the business family in the decision-making process regarding bank finance use and conditions.

鉴于家族企业在全球范围内的重要作用，它们获得银行融资以支持增长和运营对全球经济至关重要。通过对1998年至2023年间发表的126篇实证文章进行系统的文献回顾分析，本研究一方面关注银行融资使用的决定因素，另一方面关注银行融资条件。在本文中，我们梳理了家族企业银行融资的多元化和不断发展的研究领域，揭示了可能解释现有研究中相互矛盾的发现的原因，并讨论了学者们如何推动这一领域向前发展。在行为理论的指导下，我们通过考虑企业家族在银行融资使用和条件决策过程中的作用，确定差距，为未来的研究提出了有希望的方向。

引用次数: 0

CEO identity and media perception: The influence on family firms’ brand importance CEO认同与媒体认知：对家族企业品牌重要性的影响

IF 9.5 1区管理学 Q1 BUSINESS

Journal of Family Business Strategy

Pub Date : 2025-03-01 Epub Date: 2024-11-28 DOI: 10.1016/j.jfbs.2024.100646

Carlotta Benedetti , Paola Rovelli , Andrea Fronzetti Colladon , Alfredo De Massis , Kurt Matzler

This study expands upon previous research on family firm leadership by exploring the role of CEO identity – i.e., family vs. nonfamily CEO – concerning the way media perceive the brand of the family firm– i.e., brand importance. Drawing on endorsement theory, we suggest that CEO identity influences media perception of the family firm and its brand, thereby affecting the extent of brand importance generated by these external stakeholders. Additionally, we propose that the generation of the family controlling the firm may influence the relationship between CEO identity and brand importance. Employing text mining and social network analysis techniques, we use the Semantic Brand Score to measure the importance that media place on family firm brands. Our analysis of a sample of 63 Italian family firms and 52,555 news articles published about these firms shows a positive and significant relation between the presence of a nonfamily CEO and brand importance; nevertheless, this relation is negatively moderated by the family firm generation.

本研究扩展了先前对家族企业领导力的研究，探讨了CEO身份（即家族CEO与非家族CEO）在媒体感知家族企业品牌的方式（即品牌重要性）中的作用。根据认可理论，我们认为CEO身份会影响媒体对家族企业及其品牌的认知，从而影响这些外部利益相关者产生的品牌重要性程度。此外，我们提出控制企业的家族世代可能会影响CEO身份与品牌重要性之间的关系。采用文本挖掘和社会网络分析技术，我们使用语义品牌得分来衡量媒体对家族企业品牌的重要性。我们对63家意大利家族企业和52,555篇关于这些企业的新闻报道的样本分析表明，非家族CEO的存在与品牌重要性之间存在显著的正相关关系；然而，这种关系被家族企业一代负向调节。

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