Pub Date : 2023-09-26DOI: 10.1108/jfbm-06-2023-0088
Giovanna Gavana, Pietro Gottardo, Anna Maria Moisello
Purpose The aim of this paper is to examine the effect of structural and demographic board diversity as well as board tenure on family firms' environmental performance, by analyzing the differences between family and non-family businesses and within family firms. Design/methodology/approach Tobit regressions are applied to investigate the effect of independent directors, CEO non-duality, board gender diversity and board tenure on environmental performance. The study also controls for other board and firm characteristics, as well as for time, industry and country-fixed effects. In doing so, the authors rely on a sample of non-financial listed firms from France, Germany, Italy, Spain and Portugal over the period 2014–2021. Findings The authors find that women on the board positively influence environmental performance and this effect is significant only in family firms, although board tenure negatively moderates the relationship. Board independence significantly affects environmental performance only in non-family firms. A strong presence of family directors has a negative effect on family firms' environmental performance, especially when directors' turnover is low. Originality/value This paper examines the unexplored relationship between structural board diversity and environmental performance in family companies. This study provides empirical evidence on the association between gender diversity and family firms' environmental performance focusing for the first time on a European setting. Moreover, this study provides evidence of a different effect of board tenure in family and non-family businesses.
{"title":"The effect of board diversity and tenure on environmental performance. Evidence from family and non-family firms","authors":"Giovanna Gavana, Pietro Gottardo, Anna Maria Moisello","doi":"10.1108/jfbm-06-2023-0088","DOIUrl":"https://doi.org/10.1108/jfbm-06-2023-0088","url":null,"abstract":"Purpose The aim of this paper is to examine the effect of structural and demographic board diversity as well as board tenure on family firms' environmental performance, by analyzing the differences between family and non-family businesses and within family firms. Design/methodology/approach Tobit regressions are applied to investigate the effect of independent directors, CEO non-duality, board gender diversity and board tenure on environmental performance. The study also controls for other board and firm characteristics, as well as for time, industry and country-fixed effects. In doing so, the authors rely on a sample of non-financial listed firms from France, Germany, Italy, Spain and Portugal over the period 2014–2021. Findings The authors find that women on the board positively influence environmental performance and this effect is significant only in family firms, although board tenure negatively moderates the relationship. Board independence significantly affects environmental performance only in non-family firms. A strong presence of family directors has a negative effect on family firms' environmental performance, especially when directors' turnover is low. Originality/value This paper examines the unexplored relationship between structural board diversity and environmental performance in family companies. This study provides empirical evidence on the association between gender diversity and family firms' environmental performance focusing for the first time on a European setting. Moreover, this study provides evidence of a different effect of board tenure in family and non-family businesses.","PeriodicalId":51790,"journal":{"name":"Journal of Family Business Management","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134884387","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 : 2023-09-19DOI: 10.1108/jfbm-01-2023-0013
Mei Xuan Liew, Yoke Mei Loo
Purpose The aim of this study was to obtain evidence of the practical significance of the generational involvement (GI) of top management teams (TMT) on the nexus between entrepreneurial orientation (EO) and business performance (BP) in small family businesses (SFBs). Design/methodology/approach This study employed a questionnaire survey of 112 Malaysian SFBs. The data was analyzed using descriptive analysis, hierarchical multiple regression analysis and a two-way interaction model. Findings The results indicate that SFBs have a positive EO–BP nexus. However, the study found that TMT-GI has a negative effect on EO and reduces the positive nexus between EO and BP. Specifically, higher levels of GI were associated with lower levels of EO and weaker BP. Research limitations/implications The study raises the necessity for SFBs to seek out a management mechanism and structure to balance the entrepreneurial boundary between the family-level and the business-level when there is increased GI. Additionally to the current, incorporating family TMT-related human ecology aspect of GI with the family business field could lead to a new research value stream. Practical implications The results of this study will enable family business decision makers and TMT to better understand the importance of considering family factors in their management strategies. Originality/value This analysis highlights the spatial relation of family-level logic in dominating EO–BP nexus at intervals in SFBs, where family factor of TMT-GI will be a key moderator.
{"title":"The family-level of generational involvement: impact on the nexus between entrepreneurial orientation and business performance among small family businesses","authors":"Mei Xuan Liew, Yoke Mei Loo","doi":"10.1108/jfbm-01-2023-0013","DOIUrl":"https://doi.org/10.1108/jfbm-01-2023-0013","url":null,"abstract":"Purpose The aim of this study was to obtain evidence of the practical significance of the generational involvement (GI) of top management teams (TMT) on the nexus between entrepreneurial orientation (EO) and business performance (BP) in small family businesses (SFBs). Design/methodology/approach This study employed a questionnaire survey of 112 Malaysian SFBs. The data was analyzed using descriptive analysis, hierarchical multiple regression analysis and a two-way interaction model. Findings The results indicate that SFBs have a positive EO–BP nexus. However, the study found that TMT-GI has a negative effect on EO and reduces the positive nexus between EO and BP. Specifically, higher levels of GI were associated with lower levels of EO and weaker BP. Research limitations/implications The study raises the necessity for SFBs to seek out a management mechanism and structure to balance the entrepreneurial boundary between the family-level and the business-level when there is increased GI. Additionally to the current, incorporating family TMT-related human ecology aspect of GI with the family business field could lead to a new research value stream. Practical implications The results of this study will enable family business decision makers and TMT to better understand the importance of considering family factors in their management strategies. Originality/value This analysis highlights the spatial relation of family-level logic in dominating EO–BP nexus at intervals in SFBs, where family factor of TMT-GI will be a key moderator.","PeriodicalId":51790,"journal":{"name":"Journal of Family Business Management","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135011548","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 : 2023-09-19DOI: 10.1108/jfbm-06-2023-0077
Johannes Thaller, Stefan Mayr, Birgit Feldbauer-Durstmüller
Purpose The unique dynamics of family firms (FFs) shape the management of financial crises. Religious and secular reasons, as a defining characteristic of this type of firm, provide a reference system for key management decisions. This paper aims to explore the under-researched topic of differences in FFs' crisis management between religious and secular family decision-makers (FDMs), considering secularization in developed countries. Design/methodology/approach The paper draws on a qualitative-empirical study of 14 large FFs from the DACH region (Germany, Austria and Switzerland), through both a media analysis and semi-structured interviews with FDMs who have significant influence on key management decisions. Findings Despite secularization, religion continues to influence managerial decisions such as crisis management in the DACH region. The findings show that crisis management differs across religious and secular FDMs, demonstrating the substantial impact of religious and secular reasons on operational and financial measures. Thus, religious and secular reasons may partially explain the complex and ambivalent crisis management of FFs. This indicates that religion shapes FF's key management decisions in the increasingly secularized DACH region. Religious FDMs are accountable to both the firm and to God, which fosters their own personal and financial resources during crisis management. Originality/value This paper contributes to the existing literature by exploring the impact of religion and secularization within developed countries. Further, it offers deeper insights into FF's crisis management and is one of the first studies to assess the impact of religion and secularization on operational and financial measures. This research derives five propositions for further research and discusses a broad range of original implications for theory and practice.
{"title":"Crisis management in family firms: do religion and secularization of family decision-makers’ matter?","authors":"Johannes Thaller, Stefan Mayr, Birgit Feldbauer-Durstmüller","doi":"10.1108/jfbm-06-2023-0077","DOIUrl":"https://doi.org/10.1108/jfbm-06-2023-0077","url":null,"abstract":"Purpose The unique dynamics of family firms (FFs) shape the management of financial crises. Religious and secular reasons, as a defining characteristic of this type of firm, provide a reference system for key management decisions. This paper aims to explore the under-researched topic of differences in FFs' crisis management between religious and secular family decision-makers (FDMs), considering secularization in developed countries. Design/methodology/approach The paper draws on a qualitative-empirical study of 14 large FFs from the DACH region (Germany, Austria and Switzerland), through both a media analysis and semi-structured interviews with FDMs who have significant influence on key management decisions. Findings Despite secularization, religion continues to influence managerial decisions such as crisis management in the DACH region. The findings show that crisis management differs across religious and secular FDMs, demonstrating the substantial impact of religious and secular reasons on operational and financial measures. Thus, religious and secular reasons may partially explain the complex and ambivalent crisis management of FFs. This indicates that religion shapes FF's key management decisions in the increasingly secularized DACH region. Religious FDMs are accountable to both the firm and to God, which fosters their own personal and financial resources during crisis management. Originality/value This paper contributes to the existing literature by exploring the impact of religion and secularization within developed countries. Further, it offers deeper insights into FF's crisis management and is one of the first studies to assess the impact of religion and secularization on operational and financial measures. This research derives five propositions for further research and discusses a broad range of original implications for theory and practice.","PeriodicalId":51790,"journal":{"name":"Journal of Family Business Management","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135011550","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 : 2023-09-18DOI: 10.1108/jfbm-08-2023-0128
Robert Smith
Purpose The stereotypes of the dodgy businessman and businessman gangster are established typologies in both the criminology and family business literature, but nevertheless, there is still an evident dearth of substantive studies on the topic. Family business scholars have begun to acknowledge the limited nature of such explorations of criminality in family firm businesses. The purpose of this article is therefore to review, synthesise and solidify existing research on this under-researched area of family business management. Design/methodology/approach This perspective article explores and synthesises the links between acquisitive crime, criminal predation and family business to address an identifiable research gap in the literature of criminology, entrepreneurship and family business. It examines the overlap between criminal activities and business practices, shedding light on how individuals in the family business community may become involved in criminal activities due to various factors, including coercion, addiction and financial gain. Findings This perspective highlights emerging research trends that have the potential to increase the knowledge about the “dark side” of family business. Research limitations/implications Being a perspective paper this brief exploration of the literature can only cover a small cross section of the literature. A conceptual model emerges, which illustrates shared aspects of crimino-entrepreneurial identity between authentic entrepreneurs and criminals. Originality/value This perspective article scopes the extant literature covering the links between acquisitive crime, criminal predation and family business to help guide the direction of future research. The piece presents new perspectives on the intersection of acquisitive crime and family business, and its novelty lies in its synthesis of the disparate elements from the diverse literature to contribute to the said literature.
{"title":"Scoping the links between acquisitive crime, criminal predation and family business","authors":"Robert Smith","doi":"10.1108/jfbm-08-2023-0128","DOIUrl":"https://doi.org/10.1108/jfbm-08-2023-0128","url":null,"abstract":"Purpose The stereotypes of the dodgy businessman and businessman gangster are established typologies in both the criminology and family business literature, but nevertheless, there is still an evident dearth of substantive studies on the topic. Family business scholars have begun to acknowledge the limited nature of such explorations of criminality in family firm businesses. The purpose of this article is therefore to review, synthesise and solidify existing research on this under-researched area of family business management. Design/methodology/approach This perspective article explores and synthesises the links between acquisitive crime, criminal predation and family business to address an identifiable research gap in the literature of criminology, entrepreneurship and family business. It examines the overlap between criminal activities and business practices, shedding light on how individuals in the family business community may become involved in criminal activities due to various factors, including coercion, addiction and financial gain. Findings This perspective highlights emerging research trends that have the potential to increase the knowledge about the “dark side” of family business. Research limitations/implications Being a perspective paper this brief exploration of the literature can only cover a small cross section of the literature. A conceptual model emerges, which illustrates shared aspects of crimino-entrepreneurial identity between authentic entrepreneurs and criminals. Originality/value This perspective article scopes the extant literature covering the links between acquisitive crime, criminal predation and family business to help guide the direction of future research. The piece presents new perspectives on the intersection of acquisitive crime and family business, and its novelty lies in its synthesis of the disparate elements from the diverse literature to contribute to the said literature.","PeriodicalId":51790,"journal":{"name":"Journal of Family Business Management","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135109887","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 : 2023-09-12DOI: 10.1108/jfbm-07-2023-0116
Finn Lannon, Roisin Lyons, Christina O'Connor
Purpose This perspective article responds to the emergence of artificial intelligence (AI) as a significant opportunity for growth among family businesses, highlighting the need for future research to attain a clear picture of the next generation of family business successors. Design/methodology/approach This is a literature review of current technology adoption within family businesses. The authors offer some research insight to spur critical thinking and discourse around the impact of AI on family business successors. Findings Family businesses are initially skeptical of AI technology. However, its use and adoption are crucial for the survival of the family business. To leverage this technology, the authors need to investigate the role of the family business successors as “Gen AI.” Originality/value It is challenging but necessary to develop policies and educational support for successors to ensure the survival of family businesses worldwide. The authors propose four key areas of future research.
{"title":"Generation AI and family business: a perspective article","authors":"Finn Lannon, Roisin Lyons, Christina O'Connor","doi":"10.1108/jfbm-07-2023-0116","DOIUrl":"https://doi.org/10.1108/jfbm-07-2023-0116","url":null,"abstract":"Purpose This perspective article responds to the emergence of artificial intelligence (AI) as a significant opportunity for growth among family businesses, highlighting the need for future research to attain a clear picture of the next generation of family business successors. Design/methodology/approach This is a literature review of current technology adoption within family businesses. The authors offer some research insight to spur critical thinking and discourse around the impact of AI on family business successors. Findings Family businesses are initially skeptical of AI technology. However, its use and adoption are crucial for the survival of the family business. To leverage this technology, the authors need to investigate the role of the family business successors as “Gen AI.” Originality/value It is challenging but necessary to develop policies and educational support for successors to ensure the survival of family businesses worldwide. The authors propose four key areas of future research.","PeriodicalId":51790,"journal":{"name":"Journal of Family Business Management","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135824884","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}
PurposePresent study investigated the influence of female descendent entrepreneur's self-compassion on the perceived succession success of small-family businesses (S-FB) with the mediating mechanism of financial literacy.Design/methodology/approachThe primary data was collected from 319 female descendent entrepreneurs who were designated as chairwomen, and managing director positions in their retails sector S-FBs. The purposive sampling technique was used to collect the data. The provided hypotheses are tested using the partial least square structural equation modeling (PLS-SEM) technique. This study followed multiple regression analyses to see the influence of self-compassion (mindfulness, self-isolation, self-judgment and over-identification) on financial literacy and perceived succession success.FindingsThe results reveal that female descendent entrepreneurs mindfulness and over-identification significantly increase but self-isolation decreases the likelihood of successful succession transition. Moreover, female descendent entrepreneur's financial literacy increases mindfulness and overidentification while it decreases self-isolation and improves the likelihood of succession success. However, financial literacy does not influence self-judgmental traits and perceived succession success.Practical implicationsThis study highlights a vital issue, how the financial literacy of female descendent entrepreneurs manages their self-compassion and increases the likelihood of succession success. In addition, it covers a research gap and helps the S-FBs to improve their survival rate by focusing on the descendent entrepreneur's self-compassion and financial literacy.Originality/valueThis study contributes to the body of knowledge by emphasizing predictors that influence the successful succession transition to subsequent generations. This study determines the influence of self-compassion of female descendent entrepreneurs on perceived succession success and financial literacy as a mediator by using the self-control theory. The study can be useful to family business consultants, policymakers and family businesses.
{"title":"Does female descendent entrepreneur's self-compassion and financial literacy matter for succession success?","authors":"Zeshan Ahmad, Shahbaz Sharif, Iftikhar Ahmad, Syed Muhammad Waseem Abbas, Mussrat Shaheen","doi":"10.1108/jfbm-07-2023-0102","DOIUrl":"https://doi.org/10.1108/jfbm-07-2023-0102","url":null,"abstract":"PurposePresent study investigated the influence of female descendent entrepreneur's self-compassion on the perceived succession success of small-family businesses (S-FB) with the mediating mechanism of financial literacy.Design/methodology/approachThe primary data was collected from 319 female descendent entrepreneurs who were designated as chairwomen, and managing director positions in their retails sector S-FBs. The purposive sampling technique was used to collect the data. The provided hypotheses are tested using the partial least square structural equation modeling (PLS-SEM) technique. This study followed multiple regression analyses to see the influence of self-compassion (mindfulness, self-isolation, self-judgment and over-identification) on financial literacy and perceived succession success.FindingsThe results reveal that female descendent entrepreneurs mindfulness and over-identification significantly increase but self-isolation decreases the likelihood of successful succession transition. Moreover, female descendent entrepreneur's financial literacy increases mindfulness and overidentification while it decreases self-isolation and improves the likelihood of succession success. However, financial literacy does not influence self-judgmental traits and perceived succession success.Practical implicationsThis study highlights a vital issue, how the financial literacy of female descendent entrepreneurs manages their self-compassion and increases the likelihood of succession success. In addition, it covers a research gap and helps the S-FBs to improve their survival rate by focusing on the descendent entrepreneur's self-compassion and financial literacy.Originality/valueThis study contributes to the body of knowledge by emphasizing predictors that influence the successful succession transition to subsequent generations. This study determines the influence of self-compassion of female descendent entrepreneurs on perceived succession success and financial literacy as a mediator by using the self-control theory. The study can be useful to family business consultants, policymakers and family businesses.","PeriodicalId":51790,"journal":{"name":"Journal of Family Business Management","volume":null,"pages":null},"PeriodicalIF":2.7,"publicationDate":"2023-09-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43435632","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 : 2023-09-01DOI: 10.1108/jfbm-07-2023-0109
K. Randerson
PurposeThe author synthesizes research at the genesis of the field of family entrepreneurship, allowing to distinguish it from the field of family business. Indeed, family entrepreneurship is at the intersection of family, entrepreneurship and family business and is dedicated to the understanding of entrepreneurial behaviors of family, family members and family businesses. Here, the author emphasizes the importance of context as well as bidirectional relationships to grasp the multiplicity of behaviors and their antecedents and outcomes. The author offers an overview of possible futures: how family entrepreneurship can be instrumental in understanding and taking action in face of ecological, economic and societal issues.Design/methodology/approachThe author synthesizes, critically assesses and integrates extant research, offering a state of the art of the field of family entrepreneurship accessible to a wide audience of readers.FindingsThe author reviews and integrates the literature that undergirds family entrepreneurship, flushing out its idiosyncratic value relative to family business. The author underscores how framing situations and issues with family entrepreneurship is a promising avenue to better understand and navigate pending ecological, economic and societal stakes.Originality/valueThis perspectives paper distinguishes family entrepreneurship from family business, the former building on and expanding the latter. It highlights how the augmented view is useful to understand entrepreneurial behaviors of families, family members and family businesses because it triangulates family, entrepreneurship and family business. Consequently, the present state of the art provides a useful synthesis and perspectives of possible futures. The originality of this research relies in offering a snapshot integrating prior research at the genesis of the field and demonstrating how the field can fruitfully support future research and practice, in particular to address grand challenges and wicked problems.
{"title":"Family entrepreneurship: a perspective article","authors":"K. Randerson","doi":"10.1108/jfbm-07-2023-0109","DOIUrl":"https://doi.org/10.1108/jfbm-07-2023-0109","url":null,"abstract":"PurposeThe author synthesizes research at the genesis of the field of family entrepreneurship, allowing to distinguish it from the field of family business. Indeed, family entrepreneurship is at the intersection of family, entrepreneurship and family business and is dedicated to the understanding of entrepreneurial behaviors of family, family members and family businesses. Here, the author emphasizes the importance of context as well as bidirectional relationships to grasp the multiplicity of behaviors and their antecedents and outcomes. The author offers an overview of possible futures: how family entrepreneurship can be instrumental in understanding and taking action in face of ecological, economic and societal issues.Design/methodology/approachThe author synthesizes, critically assesses and integrates extant research, offering a state of the art of the field of family entrepreneurship accessible to a wide audience of readers.FindingsThe author reviews and integrates the literature that undergirds family entrepreneurship, flushing out its idiosyncratic value relative to family business. The author underscores how framing situations and issues with family entrepreneurship is a promising avenue to better understand and navigate pending ecological, economic and societal stakes.Originality/valueThis perspectives paper distinguishes family entrepreneurship from family business, the former building on and expanding the latter. It highlights how the augmented view is useful to understand entrepreneurial behaviors of families, family members and family businesses because it triangulates family, entrepreneurship and family business. Consequently, the present state of the art provides a useful synthesis and perspectives of possible futures. The originality of this research relies in offering a snapshot integrating prior research at the genesis of the field and demonstrating how the field can fruitfully support future research and practice, in particular to address grand challenges and wicked problems.","PeriodicalId":51790,"journal":{"name":"Journal of Family Business Management","volume":null,"pages":null},"PeriodicalIF":2.7,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46501190","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 : 2023-08-24DOI: 10.1108/jfbm-09-2023-160
V. Ratten
{"title":"Editorial: A new definition of family business","authors":"V. Ratten","doi":"10.1108/jfbm-09-2023-160","DOIUrl":"https://doi.org/10.1108/jfbm-09-2023-160","url":null,"abstract":"","PeriodicalId":51790,"journal":{"name":"Journal of Family Business Management","volume":null,"pages":null},"PeriodicalIF":2.7,"publicationDate":"2023-08-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48289574","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 : 2023-08-23DOI: 10.1108/jfbm-04-2023-0056
R. Randolph, Eric R. Kushins, Prachi Gala
PurposeDespite similarities, research across family business and business advising forwards contradictory conclusions when considering family business advising. The authors seek to integrate these literature and in doing so uncover both the hurdles facing family business advisors attempting to adapt tools developed in corporate advising to the family business context as well as the potential for greater integration of these streams in ways that contribute to both family business and advising research and practice.Design/methodology/approachPrimary data were collected both in the form of a survey questionnaire and website marketing content. In the survey, 47 family business advisors evaluated the distinctiveness of their family business clients across structural, cognitive and relational social capital dimensions. Motivated by unexpected findings, a content analysis of advisor websites uncovered specific marketing themes that illustrate the divides between family business advising and scholarship.FindingsFamily business advisors reliably acknowledge structural and cognitive social capital as preeminently characterizing the distinctiveness of their family business clients. Expanding on this, the authors’ findings suggest that the urgency signaled in advisor marketing via their websites may inspire tactics misaligned with the long-term time horizon typically characterizing family businesses strategy.Originality/valueThe few family business advising studies that exist predominantly consider post-hoc evaluation of advising by family business clients. The primary data the authors collect are unique in the literature in that the data detail how family business advisors perceive and engage with potential clients.
{"title":"How family firm advisors understand their clients: a mixed-methods analysis of social capital signaling in web-based marketing","authors":"R. Randolph, Eric R. Kushins, Prachi Gala","doi":"10.1108/jfbm-04-2023-0056","DOIUrl":"https://doi.org/10.1108/jfbm-04-2023-0056","url":null,"abstract":"PurposeDespite similarities, research across family business and business advising forwards contradictory conclusions when considering family business advising. The authors seek to integrate these literature and in doing so uncover both the hurdles facing family business advisors attempting to adapt tools developed in corporate advising to the family business context as well as the potential for greater integration of these streams in ways that contribute to both family business and advising research and practice.Design/methodology/approachPrimary data were collected both in the form of a survey questionnaire and website marketing content. In the survey, 47 family business advisors evaluated the distinctiveness of their family business clients across structural, cognitive and relational social capital dimensions. Motivated by unexpected findings, a content analysis of advisor websites uncovered specific marketing themes that illustrate the divides between family business advising and scholarship.FindingsFamily business advisors reliably acknowledge structural and cognitive social capital as preeminently characterizing the distinctiveness of their family business clients. Expanding on this, the authors’ findings suggest that the urgency signaled in advisor marketing via their websites may inspire tactics misaligned with the long-term time horizon typically characterizing family businesses strategy.Originality/valueThe few family business advising studies that exist predominantly consider post-hoc evaluation of advising by family business clients. The primary data the authors collect are unique in the literature in that the data detail how family business advisors perceive and engage with potential clients.","PeriodicalId":51790,"journal":{"name":"Journal of Family Business Management","volume":null,"pages":null},"PeriodicalIF":2.7,"publicationDate":"2023-08-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47717708","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 : 2023-08-22DOI: 10.1108/jfbm-08-2023-0121
E. Mogaji
PurposeThis paper underscores the importance of conducting studies that examine the experiences of women transport entrepreneurs within the context of the intersectionality of patriarchal culture, the challenges posed by insufficient infrastructure on business operations and the dominance of the male-dominated transport industry.Design/methodology/approachThis paper is based on a concise literature review.FindingsThe intersectionality of these factors significantly influences women's prospects, opportunities and barriers as they navigate the entrepreneurial realm within the transportation sector. Understanding these complexities is essential to devise targeted strategies and policies that foster gender equality, promote inclusive economic growth and empower women entrepreneurs in this vital industry.Originality/valueThis paper synthesises existing research on family business, entrepreneurship and business operations in Africa.Contribution to impactThis article has the potential to empower women in family-owned transportation businesses, promoting gender diversity and inclusivity. It achieves this by highlighting and encouraging women's leadership, leveraging their unique strengths, and fostering education and mentorship. As a result, the research is expected to drive industry growth, enhance customer satisfaction, and cultivate a more collaborative work culture. This emerging research is anticipated to transform these businesses, enabling women to become progressive leaders, thereby ensuring sustained success and fostering innovation in the transportation sector.
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