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Rural and Urban Family Business Portfolio Growth: The Role of Entrepreneurial Legacy 城乡家族企业投资组合增长:创业遗产的作用
1区 管理学 Q1 BUSINESS Pub Date : 2023-10-11 DOI: 10.1177/08944865231199791
Philipp Sieger, Naveed Akhter, Francesco Chirico
Applying an inductive case study approach, we analyze four Pakistani family business portfolios and reveal that rural-based family business portfolios tend to grow internally (organically) and through related diversification. In contrast, urban-based portfolios rather grow externally through acquisitions and partnerships and pursue unrelated diversification. The family’s entrepreneurial legacy and how it is transferred to members of the next generation through grooming and imprinting in rural versus urban contexts emerge as a key underlying mechanism.
采用归纳案例研究方法,我们分析了四个巴基斯坦家族企业组合,发现以农村为基础的家族企业组合倾向于内部(有机)增长,并通过相关的多元化发展。相比之下,以城市为基础的投资组合通过收购和伙伴关系向外部增长,并追求不相关的多样化。家族的创业遗产以及如何在农村和城市背景下通过培养和烙印传递给下一代成员,成为一个关键的潜在机制。
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引用次数: 0
Country Differences in Family Firm Reputation: An Exploration in Germany, India, and the United States 家族企业声誉的国家差异:德国、印度和美国的探索
IF 8.8 1区 管理学 Q1 BUSINESS Pub Date : 2023-08-11 DOI: 10.1177/08944865231192339
Philipp Jaufenthaler, Oliver Koll, Maximilian Lude, Reinhard Prügl
While most studies on family firm branding report positive reputational consequences, we lack empirical evidence to which degree these benefits vary across different geographical contexts. This study explores associations elicited by the term family business in Germany, India, and the United States and discusses reasons for the varying differentiation power of the family firm signal. Our large-scale association study ( n = 1,383) reveals that prototypical family firm perceptions are prevalent in the United States and Germany, but less in India. Through qualitative insights and an experimental study, we investigate why the power of the family firm signal to enhance reputation varies across countries.
虽然大多数关于家族企业品牌的研究都报告了积极的声誉后果,但我们缺乏经验证据,证明这些好处在不同地理背景下的差异程度。本研究探讨了家族企业一词在德国、印度和美国引起的联想,并讨论了家族企业信号差异化能力不同的原因。我们的大规模关联研究(n = 1,383)表明,典型家族企业观念在美国和德国普遍存在,但在印度则不那么普遍。通过定性分析和实验研究,我们探讨了为什么家族企业信号提升声誉的能力在不同国家有所不同。
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引用次数: 0
Implications of Mental Health for Business Families and Family Businesses: Toward a Holistic Research Agenda 心理健康对企业家庭和家族企业的影响:迈向整体研究议程
IF 8.8 1区 管理学 Q1 BUSINESS Pub Date : 2023-07-29 DOI: 10.1177/08944865231185799
E. Tetzlaff, Peter Jaskiewicz, Johan Wiklund
, family responses to a family
,家庭对家庭的回应
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引用次数: 0
Sacralization and the Intergenerational Transmission of Values in Cadbury 《吉百利》中的神圣化与价值观的代际传递
IF 8.8 1区 管理学 Q1 BUSINESS Pub Date : 2023-07-27 DOI: 10.1177/08944865231188788
R. Suddaby, W. Ng, Natalia Vershinina, G. Markman, Matthew J. Cadbury
How do family values endure decades after an enterprise is no longer a family business? Addressing this question has been a challenge in social theory, and it is an issue of particular concern for family businesses where firm and family values are often indistinguishable. We analyze the transmission of family, organizational, and religious values across generations in Cadbury, a multinational confectionary company founded in England in 1824. We identify sacralization as a central process that explains Cadbury’s success in transferring values across time and different organizational structures. We describe how sacralization is driven by moralization, communion, and syncretism.
在一家企业不再是家族企业后的几十年里,家族价值观是如何持续的?解决这个问题一直是社会理论中的一个挑战,这是家族企业特别关注的问题,因为企业和家族的价值观往往无法区分。我们分析了1824年在英国成立的跨国糖果公司吉百利的家庭、组织和宗教价值观代代相传的情况。我们将神圣化视为吉百利成功跨越时间和不同组织结构传递价值的核心过程。我们描述了神圣化是如何由道德化、共融和融合驱动的。
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引用次数: 0
The Impact of Nonfamily CEOs on Family Firms’ Pursuit of Political Connections: The Theory of Bounded Reliability Perspective 非家族ceo对家族企业政治关系追求的影响:有限可靠性理论视角
IF 8.8 1区 管理学 Q1 BUSINESS Pub Date : 2023-07-05 DOI: 10.1177/08944865231182194
Yang Yu, T. Bai, Fei Tang, Y. Liu
This study investigates the effect of nonfamily chief executive officers (CEOs) on family firms’ propensity to form political connections. We combine research on corporate political activity and family business and draw from the bounded reliability theory to analyze how the presence of a nonfamily CEO is related to the hiring of politically connected managers and board members. We further examine how our base hypothesis is contingent upon the organizational and environmental factors influencing nonfamily CEOs’ bounded reliability. Using the data from publicly listed Chinese family firms, support for our model was found. The study advances the understanding of family firms’ political activity.
本研究探讨非家族企业首席执行官(ceo)对家族企业政治关系倾向的影响。我们结合对企业政治活动和家族企业的研究,从有限可靠性理论出发,分析了非家族CEO的存在与聘请具有政治关系的经理和董事会成员之间的关系。我们进一步研究了我们的基本假设如何取决于组织和环境因素对非家族ceo有限可靠性的影响。利用中国上市家族企业的数据,我们的模型得到了支持。该研究促进了对家族企业政治活动的理解。
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引用次数: 0
Perspective on the Waldensians of the 16th century from the letters of John Calvin 从约翰·加尔文的书信看16世纪的瓦勒度派
IF 8.8 1区 管理学 Q1 BUSINESS Pub Date : 2023-05-08 DOI: 10.1177/00145246231172980
Morné Diedericks
The Synod of Chanforan in 1532 can rightly be considered a turning point in the history of the Waldensians. However, the popular romanticising of the 16th-century encounter between the Waldensians ...
1532年的Chanforan会议可以被认为是瓦勒度派历史上的一个转折点。然而,对于16世纪瓦勒度派教徒之间的相遇,人们普遍将其浪漫化……
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引用次数: 0
Ownership Heterogeneity and Corporate Innovation Output: A Study on Family Blockholders and Activist Hedge Funds 股权异质性与企业创新产出——基于家族型封闭持有人和激进对冲基金的研究
IF 8.8 1区 管理学 Q1 BUSINESS Pub Date : 2023-05-02 DOI: 10.1177/08944865231168918
Matthias Leute, Yannick Bammens, M. Carree, Jolien Huybrechts
This study examines the interplay between two influential yet opposing shareholder types—family blockholders and hedge funds—in relation to corporate innovation output. Using panel data on U.S. publicly traded firms listed in the S&P 1500, we find that family blockholders have a negative effect on radical innovation output in the form of citation-weighted patents and that this negative effect is intensified in the presence of activist hedge funds. Our study advances insight into the implications of ownership heterogeneity for innovation output choices in family-influenced firms.
这项研究考察了两种有影响力但对立的股东类型——家族大股东和对冲基金——与企业创新产出之间的相互作用。使用标准普尔1500指数中列出的美国上市公司的面板数据,我们发现家族区块持有人以引用加权专利的形式对激进创新产出产生负面影响,而激进对冲基金的存在加剧了这种负面影响。我们的研究进一步深入了解了所有权异质性对受家族影响的企业创新产出选择的影响。
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引用次数: 1
Family Firms’ Acquisitions and Politicians as Directors: A Socioemotional Wealth Approach 家族企业收购与政治家担任董事:一种社会动力财富方法
IF 8.8 1区 管理学 Q1 BUSINESS Pub Date : 2023-04-19 DOI: 10.1177/08944865231162404
Gloria Cuevas-Rodríguez, Leticia Pérez‐Calero, L. Gómez‐Mejía, Santiago Kopoboru Aguado
This study analyzes how family control influences firms’ acquisition activity using a socioemotional wealth (SEW) approach and discusses their anticipated SEW gains and losses when making acquisition decisions. Data collected from Spanish public companies from 2010 to 2015 indicates that family firms are more reticent about undertaking acquisitions than nonfamily firms, and their lower propensity is more pronounced when there are no former politicians on the board of directors whose presence could reduce potential SEW losses. Furthermore, the benefits of former politicians on the board of family firms in terms of acquisition activity only occur in low-velocity industries.
本研究使用社会情感财富(SEW)方法分析了家族控制如何影响企业的收购活动,并讨论了企业在做出收购决策时预期的SEW收益和损失。从2010年至2015年从西班牙上市公司收集的数据表明,家族企业比非家族企业更不愿进行收购,当董事会中没有能够减少潜在SEW损失的前政治家时,家族企业的收购倾向更为明显。此外,家族企业董事会前政客在收购活动方面的好处只出现在低速行业。
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引用次数: 2
History-Informed Family Business Research: An Editorial on the Promise of History and Memory Work 历史背景下的家族企业研究:历史与记忆工作前景评论
IF 8.8 1区 管理学 Q1 BUSINESS Pub Date : 2023-03-01 DOI: 10.1177/08944865231157491
R. Suddaby, B. Silverman, Peter Jaskiewicz, Alfredo De Massis, E. Micelotta
Families are constituted by shared memories and a common history. Research shows that talk about the past constitutes between 25% and 33% of the dinner conversation around the family table (Beals & Snow, 2002; Blum-Kulka, 1993, 1994; Perlman, 1984). Much of this conversation involves sharing experiences of the recent (i.e., “what did you do today?”) or distant past (i.e., “remember our vacation to Niagara Falls?”). More critical to the family constitution, however, are those conversations in which family members recount events outside the lived experience of any of the individuals at the table. These vicarious memories are the foundational elements of collective memory. Shared vicarious memories define the family as a distinct social entity with coherence and continuity over time and space (Pratt & Fiese, 2004). Family business researchers are only beginning to appreciate the theoretical and empirical value of viewing the family business through the lens of family memory and history. We gain considerable insight into the nature and constitution of family businesses by systematically analyzing what, and how, families remember and forget. The collection of papers that comprise this special issue on History-Informed Family Business Research is premised on this assumption. From these articles, we see a broad range of historical methodologies applied to a diverse array of family businesses. We also see how intractable issues that have troubled family business research over the years achieve a new clarity when viewed through the lens of the past and how it is remembered. The intent of this essay is to elaborate on the value of history-informed family business research and demonstrate how it can address persistently thorny issues in our discipline. We organize the essay into three sections, drawing on the studies in this special issue to illustrate points in each section. In the first section, we demonstrate how adopting a historical perspective can help us address the recurring definitional question, what is a family business? Our answer rests on the recursive relationship between historical memory as a practice and the family as a social entity. Like all social entities, families are a product of, and shaped by, their history. However, as active authors of their history, families have a higher degree of agency over how their history is told. It is the dynamic interaction of family practices of remembering and how remembering shapes the sense of family that defines a family business. Defining family businesses as a process of historical reconstruction rather than as a set of static properties (e.g., Chrisman et al., 2012) offers a different ontological perspective that defines a family business by how its members reconstruct family boundaries in ongoing acts of remembering. We elaborate on this recursive dynamic between the past and the family’s construction of the present and future in the first section. In the second section, we show how history and
家庭是由共同的记忆和共同的历史组成的。研究表明,在家庭餐桌旁的晚餐对话中,谈论过去的话题占25%至33%(Beals&Snow,2002;Blum-Kulka,19931994;Perlman,1984)。这段对话的大部分内容涉及分享最近的经历(即“你今天做了什么?”)或遥远的过去(即“还记得我们去尼亚加拉瀑布度假吗?”)。然而,对家庭构成更关键的是那些家庭成员讲述餐桌上任何人生活经历之外的事件的对话。这些替代记忆是集体记忆的基本要素。共同的替代记忆将家庭定义为一个独特的社会实体,在时间和空间上具有连贯性和连续性(Pratt&Fiese,2004)。家族企业研究者才刚刚开始意识到从家族记忆和历史的角度看待家族企业的理论和经验价值。通过系统地分析家庭记忆和遗忘的内容以及方式,我们对家族企业的性质和构成有了相当深入的了解。本期《历史知情家族企业研究》特刊的论文集就是以这一假设为前提的。从这些文章中,我们看到了广泛的历史方法论应用于各种各样的家族企业。我们还看到,多年来困扰家族企业研究的棘手问题是如何从过去的角度来看的,以及人们是如何记住它的。本文旨在阐述基于历史的家族企业研究的价值,并展示它如何解决我们学科中持续存在的棘手问题。我们将这篇文章分为三个部分,利用这期特刊中的研究来说明每个部分的要点。在第一节中,我们展示了采用历史视角如何帮助我们解决反复出现的定义问题,什么是家族企业?我们的答案建立在作为实践的历史记忆和作为社会实体的家庭之间的递归关系上。像所有社会实体一样,家庭是其历史的产物,并由其历史塑造。然而,作为他们历史的积极作者,家庭对如何讲述他们的历史有更高程度的代理权。正是家族记忆实践的动态互动,以及记忆如何塑造家族感,才定义了家族企业。将家族企业定义为一个历史重建过程,而不是一组静态属性(例如,Chrisman et al.,2012)提供了一个不同的本体论视角,通过其成员如何在持续的记忆行为中重建家族边界来定义家族企业。在第一节中,我们详细阐述了过去与家庭对现在和未来的构建之间的这种递归动态。在第二节中,我们展示了历史和记忆如何帮助我们解决一个反复出现的问题,即家族企业如何平衡作为企业的需求和作为家庭的需求。为了回答这个问题,我们关注非正式记忆成为1157491 FBRXXXXX10.1177/08944865231157491《家族企业评论》Suddaby et al.research-article2023
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引用次数: 2
Narrative Memory Work of Employees in Family Businesses: How Founding Stories Shape Organizational Identification 家族企业员工的叙事记忆工作:创业故事如何塑造组织认同
IF 8.8 1区 管理学 Q1 BUSINESS Pub Date : 2023-02-27 DOI: 10.1177/08944865231159475
Christina Hoon, J. Brinkmann, Alina M. Baluch
This study is concerned with how founding stories are sustained across multiple generations of employees in family firms and how these stories influence organizational identification. Drawing on a social memory perspective and narrative memory work, we explore the retold founding stories of employees in a large agricultural family firm. Our study demonstrates that founding stories transform firsthand memories into collective memory across multiple generations through intertwining intradiegetic storytelling with material and relational processes. The effortful work of remembering together across familial and social relations, spaces, and embodied ways explains how successive generations understand their belongingness to the organization.
这项研究关注的是家族企业的创始故事如何在几代员工中持续存在,以及这些故事如何影响组织认同。运用社会记忆视角和叙事记忆工作,我们探讨了一家大型农业家族企业员工的创业故事。我们的研究表明,创业故事通过将创业故事与物质和关系过程交织在一起,将第一手记忆转化为多代人的集体记忆。在家庭和社会关系、空间和具体化的方式中共同记忆的辛勤工作解释了几代人是如何理解他们对组织的归属的。
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引用次数: 2
期刊
Family Business Review
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