Pub Date : 2023-01-20DOI: 10.1177/08944865221146350
J. Hsueh, Alfredo De Massis, L. Gómez‐Mejía
Family firms purportedly use different socioemotional wealth (SEW) reference points in choosing strategies, yet empirical research continues to use family involvement as a proxy for SEW. This study uses a configurational approach to examine how the multidimensionality of SEW may be used to explain the firm’s chosen strategy. We use psychometric measures of the various SEW dimensions proposed by Berrone et al. to explain the formalization of corporate social responsibility (CSR) strategy as an example. We identify various SEW configurations to understand why family firms exhibit a preference for more formal or informal CSR strategies.
{"title":"Examining Heterogeneous Configurations of Socioemotional Wealth in Family Firms Through the Formalization of Corporate Social Responsibility Strategy","authors":"J. Hsueh, Alfredo De Massis, L. Gómez‐Mejía","doi":"10.1177/08944865221146350","DOIUrl":"https://doi.org/10.1177/08944865221146350","url":null,"abstract":"Family firms purportedly use different socioemotional wealth (SEW) reference points in choosing strategies, yet empirical research continues to use family involvement as a proxy for SEW. This study uses a configurational approach to examine how the multidimensionality of SEW may be used to explain the firm’s chosen strategy. We use psychometric measures of the various SEW dimensions proposed by Berrone et al. to explain the formalization of corporate social responsibility (CSR) strategy as an example. We identify various SEW configurations to understand why family firms exhibit a preference for more formal or informal CSR strategies.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"36 1","pages":"172 - 198"},"PeriodicalIF":8.8,"publicationDate":"2023-01-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48485759","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-01-20DOI: 10.1177/08944865221147955
Michael Gusenbauer, Nina Schweiger, Kurt Matzler, Julia Hautz
Innovation literature increasingly considers the importance of the temporal dimension of knowledge search. In particular, several qualitative studies demonstrate how family firms successfully search for and recombine mature knowledge into innovations. This paper extends this line of research by quantitatively examining knowledge search in family versus non-family firms in a unique dataset in global wine technology between 1956 and 2013. Our data show that family firms use mature knowledge in their innovation processes to a greater extent than non-family firms. Furthermore, family firms seem to draw higher value from mature knowledge than non-family firms.
{"title":"Innovation Through Tradition: The Role of Past Knowledge for Successful Innovations in Family and Non-family Firms","authors":"Michael Gusenbauer, Nina Schweiger, Kurt Matzler, Julia Hautz","doi":"10.1177/08944865221147955","DOIUrl":"https://doi.org/10.1177/08944865221147955","url":null,"abstract":"Innovation literature increasingly considers the importance of the temporal dimension of knowledge search. In particular, several qualitative studies demonstrate how family firms successfully search for and recombine mature knowledge into innovations. This paper extends this line of research by quantitatively examining knowledge search in family versus non-family firms in a unique dataset in global wine technology between 1956 and 2013. Our data show that family firms use mature knowledge in their innovation processes to a greater extent than non-family firms. Furthermore, family firms seem to draw higher value from mature knowledge than non-family firms.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"36 1","pages":"17 - 36"},"PeriodicalIF":8.8,"publicationDate":"2023-01-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41380465","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-12-23DOI: 10.1177/08944865221140647
Xuan He, Yingyu Zhang, Weicheng Xiao
Wealth concentration is a common problem worldwide, and research reveals that wealth is most concentrated in family firm holdings. We examined the influence of local political structure on the concentration of family firm wealth and found that (a) changes in de jure political power (provincial party secretary turnover) temporarily inhibit family firm wealth concentration, (b) local de facto power offers strong countervailing protection against this effect, and (c) there is a U-shaped relationship between the tenure of the provincial party secretary and wealth concentration. This investigation deepens our understanding of the relationship between family firm political connections and wealth concentration.
{"title":"Structure of Local Political Power and Family Firms’ Concentration of Wealth","authors":"Xuan He, Yingyu Zhang, Weicheng Xiao","doi":"10.1177/08944865221140647","DOIUrl":"https://doi.org/10.1177/08944865221140647","url":null,"abstract":"Wealth concentration is a common problem worldwide, and research reveals that wealth is most concentrated in family firm holdings. We examined the influence of local political structure on the concentration of family firm wealth and found that (a) changes in de jure political power (provincial party secretary turnover) temporarily inhibit family firm wealth concentration, (b) local de facto power offers strong countervailing protection against this effect, and (c) there is a U-shaped relationship between the tenure of the provincial party secretary and wealth concentration. This investigation deepens our understanding of the relationship between family firm political connections and wealth concentration.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"36 1","pages":"199 - 222"},"PeriodicalIF":8.8,"publicationDate":"2022-12-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45419493","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-09-29DOI: 10.1177/08944865221125542
K. Hussinger, Wunnam Issah
Family firms are known for their reluctance to invest in R&D. We show that strengthened trade secret protection is associated with higher R&D investment by family firms. More specifically, we show that the association between the strength of trade secret protection through the U.S. Uniform Trade Secrets Act and R&D investment is positively moderated by family control. Our results further show that the positive moderation of family control on the association between the strength of trade secret protection and R&D investment varies with the industry context, being stronger in high-tech industries and weaker in discrete product industries.
{"title":"Trade Secret Protection and R&D Investment of Family Firms","authors":"K. Hussinger, Wunnam Issah","doi":"10.1177/08944865221125542","DOIUrl":"https://doi.org/10.1177/08944865221125542","url":null,"abstract":"Family firms are known for their reluctance to invest in R&D. We show that strengthened trade secret protection is associated with higher R&D investment by family firms. More specifically, we show that the association between the strength of trade secret protection through the U.S. Uniform Trade Secrets Act and R&D investment is positively moderated by family control. Our results further show that the positive moderation of family control on the association between the strength of trade secret protection and R&D investment varies with the industry context, being stronger in high-tech industries and weaker in discrete product industries.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"35 1","pages":"361 - 382"},"PeriodicalIF":8.8,"publicationDate":"2022-09-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"65302210","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-09-29DOI: 10.1177/08944865221125520
Michele Stasa, O. Machek
Using a systematic literature review, we address the topic of social capital in family firms. Based on 69 studies, we analyze the main findings, sampling and methodologies, theoretical approaches, definitions, and measurements of social capital in family firms. We also present how social capital is used as a model variable and present a conceptual framework of social capital in family firms. Subsequently, we identify the research gaps and develop research questions for further research.
{"title":"Social Capital in the Family Business Literature: A Systematic Review and Future Research Agenda","authors":"Michele Stasa, O. Machek","doi":"10.1177/08944865221125520","DOIUrl":"https://doi.org/10.1177/08944865221125520","url":null,"abstract":"Using a systematic literature review, we address the topic of social capital in family firms. Based on 69 studies, we analyze the main findings, sampling and methodologies, theoretical approaches, definitions, and measurements of social capital in family firms. We also present how social capital is used as a model variable and present a conceptual framework of social capital in family firms. Subsequently, we identify the research gaps and develop research questions for further research.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"35 1","pages":"415 - 441"},"PeriodicalIF":8.8,"publicationDate":"2022-09-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46453445","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-09-17DOI: 10.1177/08944865221124356
S. Quarchioni, Roberta Ciccola, Maria Serena Chiucchi
The purpose of this article is to explore strategy advisors’ actions and interactions with family actors and nonfamily managers for strategy work in family businesses. By combining the strategy-as-practice perspective with the concept of emotional engagement practices, we interpret the case of a family firm collaborating with an external advisor over a 15-year period. We add to prior studies by showing how advisors work to build trustful and emotional connections that shape relational dynamics within evolving spaces of strategic discussion. We highlight the implications for strategy work, which change as relational dynamics develop over time.
{"title":"Advising in Family Firms: Shaping Relational Dynamics and Trustful Connections in Strategy Work","authors":"S. Quarchioni, Roberta Ciccola, Maria Serena Chiucchi","doi":"10.1177/08944865221124356","DOIUrl":"https://doi.org/10.1177/08944865221124356","url":null,"abstract":"The purpose of this article is to explore strategy advisors’ actions and interactions with family actors and nonfamily managers for strategy work in family businesses. By combining the strategy-as-practice perspective with the concept of emotional engagement practices, we interpret the case of a family firm collaborating with an external advisor over a 15-year period. We add to prior studies by showing how advisors work to build trustful and emotional connections that shape relational dynamics within evolving spaces of strategic discussion. We highlight the implications for strategy work, which change as relational dynamics develop over time.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"35 1","pages":"338 - 360"},"PeriodicalIF":8.8,"publicationDate":"2022-09-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43872239","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-08-08DOI: 10.1177/08944865221113675
Cristina Bettinelli, Elena Lissana, Mara Bergamaschi, Alfredo De Massis
To take stock of the literature on identity in family firms (IFF), we examine 122 journal articles published between 2006 and 2020. We then develop a thematic map to help scholars understand the structure of IFF studies and the direction that IFF research is taking. Providing a consistent vocabulary and categorization, the thematic map serves to strengthen the IFF conceptualization and locates potential ambiguities and fragmentation. Thereafter, we analyze the antecedents, outcomes, and contingencies of the different themes identified. Drawing on this foundation, we identify gaps and suggest new directions and stimuli for future research.
{"title":"Identity in Family Firms: Toward an Integrative Understanding","authors":"Cristina Bettinelli, Elena Lissana, Mara Bergamaschi, Alfredo De Massis","doi":"10.1177/08944865221113675","DOIUrl":"https://doi.org/10.1177/08944865221113675","url":null,"abstract":"To take stock of the literature on identity in family firms (IFF), we examine 122 journal articles published between 2006 and 2020. We then develop a thematic map to help scholars understand the structure of IFF studies and the direction that IFF research is taking. Providing a consistent vocabulary and categorization, the thematic map serves to strengthen the IFF conceptualization and locates potential ambiguities and fragmentation. Thereafter, we analyze the antecedents, outcomes, and contingencies of the different themes identified. Drawing on this foundation, we identify gaps and suggest new directions and stimuli for future research.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"35 1","pages":"383 - 414"},"PeriodicalIF":8.8,"publicationDate":"2022-08-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48503260","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-08-01DOI: 10.1177/08944865221113136
Elias Hadjielias, M. Hughes, L. Scholes
Drawing on 62 interviews with 23 family businesses in Cyprus concerning the 2013–2018 (Eurozone) debt crisis and the Covid-19 pandemic, this study offers new knowledge on why and how family social capital reconfigures during external crises to support survivability. The findings reveal new psychological and situational mechanisms motivating structural and relational changes in family social capital during crises. However, we find nuances and complexities acting on the motives and content of these changes, attuned to the type of external crisis that the family business faces. We contribute a context-sensitive theory of family social capital’s reconfiguration during external crises.
{"title":"External Crises and Family Social Capital Reconfiguration: Insights From the European Debt Crisis and the Covid-19 Pandemic","authors":"Elias Hadjielias, M. Hughes, L. Scholes","doi":"10.1177/08944865221113136","DOIUrl":"https://doi.org/10.1177/08944865221113136","url":null,"abstract":"Drawing on 62 interviews with 23 family businesses in Cyprus concerning the 2013–2018 (Eurozone) debt crisis and the Covid-19 pandemic, this study offers new knowledge on why and how family social capital reconfigures during external crises to support survivability. The findings reveal new psychological and situational mechanisms motivating structural and relational changes in family social capital during crises. However, we find nuances and complexities acting on the motives and content of these changes, attuned to the type of external crisis that the family business faces. We contribute a context-sensitive theory of family social capital’s reconfiguration during external crises.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"35 1","pages":"275 - 305"},"PeriodicalIF":8.8,"publicationDate":"2022-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43829468","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-07-28DOI: 10.1177/08944865221105334
Maarten de Groot, Oli R. Mihalache, T. Elfring
Despite significant discussion surrounding the benefits of family social capital in family business research, precisely how it is built and maintained by enterprise families remains unclear. To explore how and when family governance practices can avoid the decay of enterprise family social capital, we examine the mediating role of family identity and the significance of both generational and business ownership. Testing of our moderated mediation framework using data from 175 enterprise families globally suggests that family governance can stimulate family social capital by strengthening family identity. We also find a negative moderating role for business ownership in this indirect relationship.
{"title":"Enhancing Enterprise Family Social Capital Through Family Governance: An Identity Perspective","authors":"Maarten de Groot, Oli R. Mihalache, T. Elfring","doi":"10.1177/08944865221105334","DOIUrl":"https://doi.org/10.1177/08944865221105334","url":null,"abstract":"Despite significant discussion surrounding the benefits of family social capital in family business research, precisely how it is built and maintained by enterprise families remains unclear. To explore how and when family governance practices can avoid the decay of enterprise family social capital, we examine the mediating role of family identity and the significance of both generational and business ownership. Testing of our moderated mediation framework using data from 175 enterprise families globally suggests that family governance can stimulate family social capital by strengthening family identity. We also find a negative moderating role for business ownership in this indirect relationship.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"35 1","pages":"306 - 328"},"PeriodicalIF":8.8,"publicationDate":"2022-07-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48091810","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-06-14DOI: 10.1177/08944865221100374
R. Randolph, Benjamin N. Alexander, K. Madison, F. Barbera
Although family businesses and social enterprises are typically examined as distinct organizational forms, research in both domains recognizes the significant influence of family on organizational goals. Our cross-disciplinary review of 104 articles, published in 50 journals between 1996 and 2020, capitalizes on this family connection and synthesizes the varied ways family influence has been examined in extant literature. Our review considers the role of the family in shaping social missions and directing social value while also emphasizing the importance of community stakeholders. Our findings provide a foundation for understanding the dynamic role of family influence across domains and enhancing interdisciplinary learning.
{"title":"When Family Business Meets Social Enterprise: An Integrative Review and Future Research Agenda","authors":"R. Randolph, Benjamin N. Alexander, K. Madison, F. Barbera","doi":"10.1177/08944865221100374","DOIUrl":"https://doi.org/10.1177/08944865221100374","url":null,"abstract":"Although family businesses and social enterprises are typically examined as distinct organizational forms, research in both domains recognizes the significant influence of family on organizational goals. Our cross-disciplinary review of 104 articles, published in 50 journals between 1996 and 2020, capitalizes on this family connection and synthesizes the varied ways family influence has been examined in extant literature. Our review considers the role of the family in shaping social missions and directing social value while also emphasizing the importance of community stakeholders. Our findings provide a foundation for understanding the dynamic role of family influence across domains and enhancing interdisciplinary learning.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"35 1","pages":"219 - 245"},"PeriodicalIF":8.8,"publicationDate":"2022-06-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43241293","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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