{"title":"Nothing so practical as a good theory","authors":"N. Robinson","doi":"10.4324/9781315440323-2","DOIUrl":"https://doi.org/10.4324/9781315440323-2","url":null,"abstract":"","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"111 1","pages":""},"PeriodicalIF":8.8,"publicationDate":"2020-07-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80656157","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}
{"title":"Family firms","authors":"Carole Howorth, N. Robinson","doi":"10.4324/9781315440323-3","DOIUrl":"https://doi.org/10.4324/9781315440323-3","url":null,"abstract":"","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"88 1 1","pages":""},"PeriodicalIF":8.8,"publicationDate":"2020-07-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85609079","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}
{"title":"Succession issues and alternatives","authors":"Carole Howorth, N. Robinson","doi":"10.4324/9781315440323-6","DOIUrl":"https://doi.org/10.4324/9781315440323-6","url":null,"abstract":"","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"31 1","pages":""},"PeriodicalIF":8.8,"publicationDate":"2020-07-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85594065","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 : 2020-06-18DOI: 10.1177/0894486520934553
Erick P. C. Chang, S. D. James
The prospect of restructuring can be seen as a mixed gamble that creates tensions between family owners and institutional investors in publicly traded firms. Both sides diverge in their reference points as family owners will pursue noneconomic goals, while institutional owners will pursue economic goals. We develop and test arguments to predict how resistance from family owners and support from institutional owners affect a firm’s restructuring. Using panel data from 1990 to 2004, the findings support our predictions and show that family owners can achieve both economic and noneconomic goals post-restructuring.
{"title":"Family Versus Institutional Involvement in Restructuring: Evidence From the Communications Equipment Industry","authors":"Erick P. C. Chang, S. D. James","doi":"10.1177/0894486520934553","DOIUrl":"https://doi.org/10.1177/0894486520934553","url":null,"abstract":"The prospect of restructuring can be seen as a mixed gamble that creates tensions between family owners and institutional investors in publicly traded firms. Both sides diverge in their reference points as family owners will pursue noneconomic goals, while institutional owners will pursue economic goals. We develop and test arguments to predict how resistance from family owners and support from institutional owners affect a firm’s restructuring. Using panel data from 1990 to 2004, the findings support our predictions and show that family owners can achieve both economic and noneconomic goals post-restructuring.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"33 1","pages":"310 - 330"},"PeriodicalIF":8.8,"publicationDate":"2020-06-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0894486520934553","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47000295","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 : 2020-05-29DOI: 10.1177/0894486520927289
Giovanna Campopiano, A. Calabrò, R. Basco
Stemming from familiness and the notion of nonimitable strategic resources, we investigate, in the presuccession phase, the role of acquisition and accumulation of family strategic resources, along with the way family involvement in the top management team affects resource mobilization and deployment, in determining the intention to choose either a family or a nonfamily member as the next CEO. Data from a cross-country double-respondent family business data set (Successful Transgenerational Entrepreneurship Practices project) reveal that human capital is a significant family strategic resource reducing the intention to select a family CEO, although leveraging this resource by a top management team dominated by family members enhances this intention.
{"title":"The “Most Wanted”: The Role of Family Strategic Resources and Family Involvement in CEO Succession Intention","authors":"Giovanna Campopiano, A. Calabrò, R. Basco","doi":"10.1177/0894486520927289","DOIUrl":"https://doi.org/10.1177/0894486520927289","url":null,"abstract":"Stemming from familiness and the notion of nonimitable strategic resources, we investigate, in the presuccession phase, the role of acquisition and accumulation of family strategic resources, along with the way family involvement in the top management team affects resource mobilization and deployment, in determining the intention to choose either a family or a nonfamily member as the next CEO. Data from a cross-country double-respondent family business data set (Successful Transgenerational Entrepreneurship Practices project) reveal that human capital is a significant family strategic resource reducing the intention to select a family CEO, although leveraging this resource by a top management team dominated by family members enhances this intention.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"33 1","pages":"284 - 309"},"PeriodicalIF":8.8,"publicationDate":"2020-05-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0894486520927289","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44640472","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 : 2020-05-28DOI: 10.1177/0894486520917774
J. Carr, James M. Vardaman, Laura E. Marler, Benjamin D. McLarty, Daniela Blettner
We present a model of family firm performance that tests the notion that strategic decision comprehensiveness plays a pivotal role in family business decision quality and performance. With insights derived from upper echelons theory, our model further proposes that two key decision maker traits associated with an individual’s information-gathering process—risk-taking propensity and need for cognition—influence strategic decision comprehensiveness and have indirect effects on both study outcomes. Study results using a time-lagged sample of family firm leaders provide broad support for our proposed model and provide insight into the performance and decision-making heterogeneity present in family firms.
{"title":"Psychological Antecedents of Decision Comprehensiveness and Their Relationship to Decision Quality and Performance in Family Firms: An Upper Echelons Perspective","authors":"J. Carr, James M. Vardaman, Laura E. Marler, Benjamin D. McLarty, Daniela Blettner","doi":"10.1177/0894486520917774","DOIUrl":"https://doi.org/10.1177/0894486520917774","url":null,"abstract":"We present a model of family firm performance that tests the notion that strategic decision comprehensiveness plays a pivotal role in family business decision quality and performance. With insights derived from upper echelons theory, our model further proposes that two key decision maker traits associated with an individual’s information-gathering process—risk-taking propensity and need for cognition—influence strategic decision comprehensiveness and have indirect effects on both study outcomes. Study results using a time-lagged sample of family firm leaders provide broad support for our proposed model and provide insight into the performance and decision-making heterogeneity present in family firms.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"34 1","pages":"33 - 47"},"PeriodicalIF":8.8,"publicationDate":"2020-05-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0894486520917774","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43768234","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 : 2020-05-27DOI: 10.1177/0894486520924856
M. Nordqvist, W. Gartner
In recent years, scholars have intensified the calls for more interdisciplinary approaches toward understanding the motivations, activities, processes, and behaviors of family businesses. Most family business scholars tend to draw upon insights from the management and economics disciplines for both theoretical and methodological guidance in their research (Neubaum, 2018; Payne, 2018; Sharma, 2004). However, the relevance for family business studies of disciplines such as psychology (e.g., Kammerlander & Breugst, 2019; Pieper, 2010; Strike et al., 2018), family sciences (e.g., Combs et al., 2020; Jaskiewicz et al., 2017), history (Colli, 2012; Hjorth & Dawson, 2016), and anthropology (Stewart, 2003) has also been emphasized:
{"title":"Literature, Fiction, and the Family Business","authors":"M. Nordqvist, W. Gartner","doi":"10.1177/0894486520924856","DOIUrl":"https://doi.org/10.1177/0894486520924856","url":null,"abstract":"In recent years, scholars have intensified the calls for more interdisciplinary approaches toward understanding the motivations, activities, processes, and behaviors of family businesses. Most family business scholars tend to draw upon insights from the management and economics disciplines for both theoretical and methodological guidance in their research (Neubaum, 2018; Payne, 2018; Sharma, 2004). However, the relevance for family business studies of disciplines such as psychology (e.g., Kammerlander & Breugst, 2019; Pieper, 2010; Strike et al., 2018), family sciences (e.g., Combs et al., 2020; Jaskiewicz et al., 2017), history (Colli, 2012; Hjorth & Dawson, 2016), and anthropology (Stewart, 2003) has also been emphasized:","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"33 1","pages":"122 - 129"},"PeriodicalIF":8.8,"publicationDate":"2020-05-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0894486520924856","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45954314","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 : 2020-05-25DOI: 10.1177/0894486520924301
Frauke von Bieberstein, Ann‐Kathrin Crede, A. Essl, Andreas Hack
Stakeholder honesty is highly important for managers, for instance, in decisions involving hiring. Due to reciprocity, stakeholders are more likely to be honest if the managers act honestly themselves. However, external stakeholders often cannot observe managers’ actions and instead have to rely on signals. This article examines the effects of two signals—a manager’s owner family membership and religious affiliation—on stakeholder honesty. By conducting an economic experiment and a survey, we find that stakeholders behave more honestly toward family managers compared to nonfamily managers. This effect is reinforced if the family manager is presented as religious.
{"title":"Signaling and Stakeholder Honesty: On the Individual and Combined Effects of Owner Family Membership and Religious Affiliation","authors":"Frauke von Bieberstein, Ann‐Kathrin Crede, A. Essl, Andreas Hack","doi":"10.1177/0894486520924301","DOIUrl":"https://doi.org/10.1177/0894486520924301","url":null,"abstract":"Stakeholder honesty is highly important for managers, for instance, in decisions involving hiring. Due to reciprocity, stakeholders are more likely to be honest if the managers act honestly themselves. However, external stakeholders often cannot observe managers’ actions and instead have to rely on signals. This article examines the effects of two signals—a manager’s owner family membership and religious affiliation—on stakeholder honesty. By conducting an economic experiment and a survey, we find that stakeholders behave more honestly toward family managers compared to nonfamily managers. This effect is reinforced if the family manager is presented as religious.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"33 1","pages":"265 - 283"},"PeriodicalIF":8.8,"publicationDate":"2020-05-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0894486520924301","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48287373","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 : 2020-05-14DOI: 10.1177/0894486520918724
Markus Dick, E. Wagner, Helmut Pernsteiner
Drawing on (mostly) medium-sized and unlisted Polish firms, this study explores the influence of the interaction between founder-controlled family firms and managerial overconfidence on corporate social responsibility (CSR). We demonstrate that founder-controlled family firms show low levels of CSR engagement. This suggests that families try to limit CSR activities that could challenge their control and thus their socioemotional endowment. Moreover, overconfident executives in these firms tend to exhibit superior CSR performance. Consequently, the family’s preference for control can be mitigated by overconfident executives who underestimate the family’s control risk and focus on building reputation by acting socially responsible.
{"title":"Founder-Controlled Family Firms, Overconfidence, and Corporate Social Responsibility Engagement: Evidence From Survey Data","authors":"Markus Dick, E. Wagner, Helmut Pernsteiner","doi":"10.1177/0894486520918724","DOIUrl":"https://doi.org/10.1177/0894486520918724","url":null,"abstract":"Drawing on (mostly) medium-sized and unlisted Polish firms, this study explores the influence of the interaction between founder-controlled family firms and managerial overconfidence on corporate social responsibility (CSR). We demonstrate that founder-controlled family firms show low levels of CSR engagement. This suggests that families try to limit CSR activities that could challenge their control and thus their socioemotional endowment. Moreover, overconfident executives in these firms tend to exhibit superior CSR performance. Consequently, the family’s preference for control can be mitigated by overconfident executives who underestimate the family’s control risk and focus on building reputation by acting socially responsible.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"34 1","pages":"71 - 92"},"PeriodicalIF":8.8,"publicationDate":"2020-05-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0894486520918724","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45746585","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 : 2020-04-04DOI: 10.1177/0894486520912879
K. Madison, J. Daspit, Emily Garrigues Marett
We extend transactive memory systems theory from psychology to examine the cognitive interdependence of family and nonfamily employees and its effects on family firm innovation. Using triadic data and dispersion modeling, we find that innovation is enhanced when family and nonfamily employees communicate and when they have a shared understanding of “who knows what”; however, we find unexpectedly that the communication effects differ for family and nonfamily employees, hindering the development of shared knowledge perceptions needed for enhanced innovation. We demonstrate the value in applying psychology-based research to family firm investigations and in investigating microfoundations of family firm innovation.
{"title":"Does Knowing “Who Knows What” Matter for Family Firm Innovation? Insights From Transactive Memory System Theory","authors":"K. Madison, J. Daspit, Emily Garrigues Marett","doi":"10.1177/0894486520912879","DOIUrl":"https://doi.org/10.1177/0894486520912879","url":null,"abstract":"We extend transactive memory systems theory from psychology to examine the cognitive interdependence of family and nonfamily employees and its effects on family firm innovation. Using triadic data and dispersion modeling, we find that innovation is enhanced when family and nonfamily employees communicate and when they have a shared understanding of “who knows what”; however, we find unexpectedly that the communication effects differ for family and nonfamily employees, hindering the development of shared knowledge perceptions needed for enhanced innovation. We demonstrate the value in applying psychology-based research to family firm investigations and in investigating microfoundations of family firm innovation.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"34 1","pages":"168 - 192"},"PeriodicalIF":8.8,"publicationDate":"2020-04-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0894486520912879","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41800365","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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