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The role of in-laws in family business continuity: a perspective 姻亲在家族企业延续中的作用:一个视角
IF 2.7 Q1 Economics, Econometrics and Finance Pub Date : 2024-02-27 DOI: 10.1108/jfbm-10-2023-0265
John Rosso

Purpose

The purpose is to provide a brief summary on the current research development regarding the role of in-laws in family firms’ continuity. Additionally, I provide a perspective on the trends on the research regarding the in-laws involvement and influence in preparing future generations of family firms’ owners/managers. At the end, I conclude on what should be the relevant issues to be explored and researched in the future.

Design/methodology/approach

In this paper, I review the literature on the role of in-laws on the family business continuity, particularly, I emphasize the involvement of in-laws in family firms. I found that this topic of family business continuity has not widely researched and the role of in-laws on the future of the family firm has been underestimated in the extant literature. I provide a brief summary on the trends related the involvement of in-laws in the family business continuity and, at the end, I give my conclusions on what should be a research agenda regarding this topic.

Findings

Despite previous research, the question of the role of in-laws in family firms remains unanswered from the business-owning family perspective, nor from the in-laws’ perspective. The previous research has raised more questions on this topic. Clearly, the research landscape is vast, and scholars’ callings to find better ways to identify family members are totally justifiable.

Originality/value

Based on the literature review, it can be argued that one of the topics with high potential for future research and development is related to the role of in-laws in the family business continuity, either because they are passively included as part of the family group, without acknowledgment on their involvement or because governance policies have formally excluded them. In this review, I highlight the influence of the in-laws in the family business continuity; particularly, their role in preparing future generations of family firms owners/managers and imprinting them with the family values, culture and believes.

目的简要概述当前关于姻亲在家族企业延续中的作用的研究进展。此外,我还对姻亲在培养家族企业后代所有者/管理者方面的参与和影响的研究趋势进行了展望。在本文中,我回顾了有关姻亲对家族企业延续的作用的文献,尤其强调了姻亲在家族企业中的参与。我发现,关于家族企业延续这一主题的研究并不广泛,在现有文献中,姻亲对家族企业未来的作用被低估了。我简要总结了与姻亲参与家族企业延续有关的趋势,并在最后就这一主题的研究议程给出了结论。研究结果尽管此前已有研究,但无论是从企业所有者家族的角度,还是从姻亲的角度来看,姻亲在家族企业中的作用这一问题仍然没有答案。以往的研究对这一问题提出了更多的疑问。显然,研究领域十分广阔,学者们呼吁寻找更好的方法来识别家族成员是完全有道理的。原创性/价值根据文献综述,可以认为未来研究和发展潜力很大的课题之一与姻亲在家族企业延续中的作用有关,这或者是因为他们被动地纳入家族群体,没有得到承认,或者是因为治理政策正式将他们排除在外。在这篇综述中,我强调了姻亲在家族企业延续中的影响,尤其是他们在培养家族企业未来几代所有者/管理者以及为他们打上家族价值观、文化和信念烙印方面的作用。
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引用次数: 0
Integrating UN Sustainable Development Goals into family business practices: a perspective article 将联合国可持续发展目标纳入家族企业实践:透视文章
IF 2.7 Q1 Economics, Econometrics and Finance Pub Date : 2024-02-26 DOI: 10.1108/jfbm-10-2023-0243
Bavly Hanna, Guandong Xu, Xianzhi Wang, Jahangir Hossain

Purpose

This paper explores the potential for family businesses (FBs) to play a pivotal role in advancing the United Nations (UN) Sustainable Development Goals (SDGs). It seeks to elucidate how FBs' inherent strengths and values can be harnessed to integrate sustainable practices within their operational paradigms.

Design/methodology/approach

The authors employed a literature review to synthesize all the information and identify how FBs' desire to pass on a healthy company to future generations encourages sustainable practices.

Findings

FBs have the potential to contribute significantly to not only their own sustainability but also the broader well-being of society by aligning with the SDGs.

Originality/value

This paper provides practical insights for stakeholders, policymakers and business leaders seeking to foster a more inclusive and environmentally responsible economic landscape.

本文探讨了家族企业(FBs)在推进联合国可持续发展目标(SDGs)方面发挥关键作用的潜力。本文试图阐明如何利用家族企业固有的优势和价值观,将可持续发展实践纳入其运营模式中。作者通过文献综述来综合所有信息,并确定家族企业将健康的公司传承给后代的愿望如何鼓励可持续发展实践。原创性/价值本文为利益相关者、政策制定者和企业领导者提供了实用的见解,他们正在寻求建立一个更具包容性、对环境更负责任的经济环境。
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引用次数: 0
Are family businesses more gender inclusive in leadership succession today? A perspective article 如今,家族企业在领导层继任方面是否更具性别包容性?透视文章
IF 2.7 Q1 Economics, Econometrics and Finance Pub Date : 2024-02-21 DOI: 10.1108/jfbm-10-2023-0263
Cristina Alvarado-Alvarez, Martin C. Euwema

Purpose

Through this exploration, this article seeks to contribute to facilitate a greater female participation in power and leadership positions in the context of succession by presenting perspectives in research and practical implications for both family firms and business families.

Design/methodology/approach

Literature review of seminal work on women’s involvement in the leadership succession of family firms and systematic reviews related to the topic published in the last 15 years.

Findings

Past research shows that the landscape of gender inclusion in the context of succession has evolved, offering women more access to leadership positions in family firms. Perceptions of women as invisible in business or playing emotional roles in the family, shifted to leaders, managing family business. However, access to leadership positions is not equitable to all regions and women leaders still face significant challenges to achieve legitimacy and recognition inside and outside the organisation. Future research should contribute to the enhancement of gender inclusion in leadership of family firms. Action research and interventions in both family firms and business families are ways to achieve this.

Originality/value

This paper elaborates on new research avenues and provides practical insights into how to enhance gender inclusion in the context of succession at both business family and family firm’s realms.

设计/方法/途径对过去 15 年中发表的有关女性参与家族企业领导层继任的开创性工作以及与该主题相关的系统性综述进行文献综述。研究结果过去的研究表明,继任背景下的性别包容状况已经发生变化,女性有更多机会担任家族企业的领导职务。过去人们认为女性在企业中是隐形的,或者在家族中扮演情感角色,现在则转变为管理家族企业的领导者。然而,并非所有地区都能公平地获得领导职位,女性领导者在获得组织内外的合法性和认可方面仍面临巨大挑战。未来的研究应有助于提高家族企业领导层的性别包容性。本文阐述了新的研究途径,并就如何在企业家族和家族企业的继承背景下加强性别包容性提供了实用的见解。
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引用次数: 0
Dynamic capabilities and family businesses: a perspective article 动态能力与家族企业:一篇透视文章
IF 2.7 Q1 Economics, Econometrics and Finance Pub Date : 2024-02-20 DOI: 10.1108/jfbm-10-2023-0269
Victor Wilfredo Bohorquez-Lopez, Paula Andrea García-Ortiz, Christiam Méndez-Lazarte

Purpose

The individual perspective of dynamic capabilities and family firms could be useful to shed light on the relationship between these topics, considering not only the heterogeneity of family businesses but above all the diversity of their collaborators, highlighting the underlying elements through which these firms are sustained.

Design/methodology/approach

This paper is based on systematic research, considering the most relevant literature about dynamic capabilities and family firms.

Findings

Findings highlight the individual perspective of dynamic capabilities and family firms, where we identify the main elements that family businesses must be aware of to be more innovative: high knowledge management/social capital, high entrepreneurial mindset/orientation, high tradition (retrospective and prospective), high empowering leadership, high next generation involvement, extended SEW (long-term perspective), risk-neutral, low conservative/inertia/paternalism and low emotionally attached.

Originality/value

The paper analyzes relevant studies on dynamic capabilities and family firms, proposing a research agenda with questions for further inquiries that cover inertia, paternalism, digital transformation and the individual perspective of dynamic capabilities and family firms. In addition, the authors provide practical implications for these topics.

目的动态能力和家族企业的个体视角有助于揭示这些主题之间的关系,不仅考虑到家族企业的异质性,更重要的是考虑到其合作者的多样性,突出这些企业赖以生存的基本要素。研究结果研究结果突出了动态能力和家族企业的个体视角,我们确定了家族企业要想更具创新性就必须注意的主要因素:高知识管理/社会资本、高创业心态/导向、高传统(回顾性和前瞻性)、高授权领导、高下一代参与、扩展 SEW(长期视角)、风险中性、低保守/惰性/家长制以及低情感依附。原创性/价值 本文分析了关于动态能力和家族企业的相关研究,提出了一个研究议程,其中包括惰性、家长制、数字化转型以及动态能力和家族企业的个人视角等有待进一步探究的问题。此外,作者还提出了这些课题的实际意义。
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引用次数: 0
Editorial: Developing a research question in family business management research 社论:在家族企业管理研究中提出研究问题
IF 2.7 Q1 Economics, Econometrics and Finance Pub Date : 2024-02-20 DOI: 10.1108/jfbm-03-2024-304
Vanessa Ratten
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引用次数: 0
The African philosophy of Ubuntu and family businesses: a perspective article 非洲乌班图哲学与家族企业:透视文章
IF 2.7 Q1 Economics, Econometrics and Finance Pub Date : 2024-02-15 DOI: 10.1108/jfbm-10-2023-0216
Welcome Kupangwa

Purpose

This perspective article underscores the importance of conducting studies that examine the African philosophy of Ubuntu among indigenous African family businesses. The article summarises the understanding of the role of Ubuntu in indigenous African family businesses and explores potential pathways for further investigations to understand existing cultural and economic differences that could contribute to family business heterogeneity.

Design/methodology/approach

The article adopts an analytical and interpretative approach to existing literature in family businesses and Ubuntu philosophy. The approach helps to evaluate the role of Ubuntu philosophy in indigenous African family businesses. Ubuntu was chosen for examination in this article because it is a fundamental African value commonly acceptable in Africa.

Findings

The article emphasises the need to deepen the current understanding of the African philosophy of Ubuntu, highlighting the role this philosophy could play in shaping and positioning indigenous African family businesses for long-term success. This perspective article calls for integrating indigenous African philosophies into other knowledge systems to advocate for a better understanding of the institutional structures in indigenous African family businesses. Additionally, as businesses increasingly operate in a global context and more indigenous family businesses enter the formal global economic environments, non-indigenous business stakeholders and practitioners must gain an understanding of a diverse cultural perspective, such as Ubuntu.

Originality/value

This article highlights the importance of African philosophies in understanding business organisations by highlighting the need for family business scholars to investigate the role of Ubuntu in indigenous African family businesses. The perspective article proposes sample research questions and areas for exploring Ubuntu in indigenous African family businesses, which could offer new avenues to understand the cultural and economic differences embedded in indigenous African family business context.

目的这篇观点性文章强调了在非洲本土家族企业中开展非洲乌班图哲学研究的重要性。文章总结了对 "乌班图 "在非洲本土家族企业中作用的理解,并探讨了进一步调查的潜在途径,以了解可能导致家族企业异质性的现有文化和经济差异。这种方法有助于评估乌班图哲学在非洲本土家族企业中的作用。本文之所以选择 "乌班图 "作为研究对象,是因为它是非洲人普遍接受的非洲基本价值观。研究结果本文强调有必要加深对非洲 "乌班图 "哲学的理解,突出强调这一哲学在塑造和定位非洲本土家族企业以取得长期成功方面所能发挥的作用。这篇透视文章呼吁将非洲本土哲学融入其他知识体系,倡导更好地理解非洲本土家族企业的制度结构。此外,随着企业越来越多地在全球背景下运营,越来越多的本土家族企业进入正式的全球经济环境,非本土企业利益相关者和从业人员必须了解不同的文化视角,如乌班图。 原创性/价值本文强调了非洲哲学在理解企业组织方面的重要性,强调家族企业学者有必要研究乌班图在非洲本土家族企业中的作用。文章从这一角度提出了探索非洲本土家族企业中 "乌班图 "的研究问题和领域,为理解非洲本土家族企业中的文化和经济差异提供了新的途径。
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引用次数: 0
Psychological ownership in family firms: a perspective article 家族企业的心理所有权:透视文章
IF 2.7 Q1 Economics, Econometrics and Finance Pub Date : 2024-02-12 DOI: 10.1108/jfbm-10-2023-0204
Ana Lucia Caicedo-Leitón, Lucia Garcés-Galdeano, Martín Larraza-Kintana
Purpose This article explores psychological ownership (PO) in family firms (FFs); its impact on interpersonal relationships, attitudes and behaviors within the organization; and its importance for long-term success. It also highlights the factors that contribute to PO in these types of businesses.Design/methodology/approach The article conducts a literature review that utilizes existing research to delve into the phenomenon of PO within the context of FFs.Findings The article emphasizes that PO significantly impacts employee behavior and attitudes toward FFs. It shows the favorable influence of PO on employees' conduct and mindset. However, excessive PO can lead to disputes and obstruct the transfer of control.Practical implicationsThe success of family businesses depends on nurturing strong, positive PO in future generations and among nonfamily members.Originality/value The article contributes to PO literature in FFs by analyzing its influence on FFs. It highlights factors affecting PO formation and its consequences and highlights novel lines of future research.
目的 本文探讨了家族企业(FFs)中的心理所有权(PO);其对组织内人际关系、态度和行为的影响;及其对长期成功的重要性。文章通过文献综述,利用现有研究深入探讨了 FFs 中的心理所有权现象。研究结果 文章强调,心理所有权对 FFs 的员工行为和态度有重大影响。文章指出,PO 对员工的行为和心态产生了有利影响。实践意义家族企业的成功取决于在后代和非家族成员中培养强有力的、积极的 "自我认同"。文章强调了影响 PO 形成的因素及其后果,并指出了未来研究的新方向。
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引用次数: 0
Psychological ownership in family firms: a perspective article 家族企业的心理所有权:透视文章
IF 2.7 Q1 Economics, Econometrics and Finance Pub Date : 2024-02-12 DOI: 10.1108/jfbm-10-2023-0204
Ana Lucia Caicedo-Leitón, Lucia Garcés-Galdeano, Martín Larraza-Kintana
Purpose This article explores psychological ownership (PO) in family firms (FFs); its impact on interpersonal relationships, attitudes and behaviors within the organization; and its importance for long-term success. It also highlights the factors that contribute to PO in these types of businesses.Design/methodology/approach The article conducts a literature review that utilizes existing research to delve into the phenomenon of PO within the context of FFs.Findings The article emphasizes that PO significantly impacts employee behavior and attitudes toward FFs. It shows the favorable influence of PO on employees' conduct and mindset. However, excessive PO can lead to disputes and obstruct the transfer of control.Practical implicationsThe success of family businesses depends on nurturing strong, positive PO in future generations and among nonfamily members.Originality/value The article contributes to PO literature in FFs by analyzing its influence on FFs. It highlights factors affecting PO formation and its consequences and highlights novel lines of future research.
目的 本文探讨了家族企业(FFs)中的心理所有权(PO);其对组织内人际关系、态度和行为的影响;及其对长期成功的重要性。文章通过文献综述,利用现有研究深入探讨了 FFs 中的心理所有权现象。研究结果 文章强调,心理所有权对 FFs 的员工行为和态度有重大影响。文章指出,PO 对员工的行为和心态产生了有利影响。实践意义家族企业的成功取决于在后代和非家族成员中培养强有力的、积极的 "自我认同"。文章强调了影响 PO 形成的因素及其后果,并指出了未来研究的新方向。
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引用次数: 0
Sustainability in family business settings: a strategic entrepreneurship perspective 家族企业的可持续性:战略创业视角
IF 2.7 Q1 Economics, Econometrics and Finance Pub Date : 2024-02-07 DOI: 10.1108/jfbm-01-2024-0001
Mahwish Jamil, Simon Stephens, Ahmad Firdause Md Fadzil

Purpose

Family business sustainability is a critical issue. This study considers if adopting a strategic entrepreneurship orientation can support the sustainability of a family business.

Design/methodology/approach

A qualitative approach is used, in which semi-structured interviews were conducted with twelve family business owners. Data collected during the interviews provides insights into understanding, practices, motivations, behaviours and attitudes relating to sustainability.

Findings

Although awareness of sustainability processes and procedures is found to be low, sustainability is important to the family business. However, sustainability is not managed or implemented systematically.

Originality/value

The paper presents a new model to describe the sustainability practices of family businesses. Adoption of strategic entrepreneurship is advocated as mechanism for improving sustainability. Practical and policy implications are suggested to enhance the effectiveness of sustainability initiatives in family business settings.

目的家族企业的可持续性是一个关键问题。本研究探讨了采用战略创业导向能否支持家族企业的可持续发展。研究采用定性方法,对 12 名家族企业主进行了半结构化访谈。访谈中收集的数据有助于深入了解与可持续发展相关的理解、实践、动机、行为和态度。研究结果虽然对可持续发展流程和程序的认识不足,但可持续发展对家族企业非常重要。原创性/价值本文提出了一个描述家族企业可持续发展实践的新模型。提倡采用战略创业作为提高可持续性的机制。本文提出了在家族企业环境中提高可持续发展措施有效性的实践和政策影响。
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引用次数: 0
Money education in the business family: a perspective article 商业家庭中的金钱教育:一篇透视文章
IF 2.7 Q1 Economics, Econometrics and Finance Pub Date : 2024-02-01 DOI: 10.1108/jfbm-01-2024-0006
Anneleen Michiels, Claudia Binz Astrachan

Purpose

The primary aim is to renew academic discourse on financial education in business families. It emphasizes the need for effective financial literacy programs to foster a healthier relationship with money, addressing both technical aspects of finance and its psychological and relational impacts among family members.

Design/methodology/approach

This perspective article explores the impact of money education within business families. It discusses the psychological effects of money education on family dynamics and decision-making in family businesses. The research draws on previous studies, surveys and practical examples to highlight the importance of financial education and its implications on family and business sustainability.

Findings

Financial education is essential in business families as it enables more meaningful discussions on money and wealth, fostering informed decisions and decreasing conflict. Yet, it is often overlooked. There is a need for academic research into effective strategies for financial education for family members and the effects of financial literacy, or its absence, on various aspects of the business and the family system. The article presents a selection of pertinent questions for future research in this domain.

Originality/value

This article contributes to the family business field by underscoring the gap in scholarly research on money education within family businesses. It advocates for comprehensive financial education strategies that balance technical knowledge with an understanding of the psychological and relational aspects of money.

目的主要目的是更新有关企业家庭理财教育的学术讨论。它强调了有效的金融扫盲计划的必要性,以促进与金钱建立更健康的关系,同时解决金融的技术问题及其对家庭成员心理和关系的影响。文章讨论了金钱教育对家庭动态和家族企业决策的心理影响。研究借鉴了以往的研究、调查和实际案例,强调了理财教育的重要性及其对家庭和企业可持续发展的影响。研究结果理财教育在企业家庭中至关重要,因为它可以就金钱和财富问题进行更有意义的讨论,促进做出明智的决策,减少冲突。然而,它往往被忽视。有必要对家庭成员财务教育的有效策略以及财务知识的普及或缺失对企业和家庭系统各方面的影响进行学术研究。本文为这一领域的未来研究提出了一些相关问题。 原创性/价值 本文通过强调家族企业内部金钱教育学术研究的空白,为家族企业领域做出了贡献。文章主张采取全面的财务教育策略,在技术知识与对金钱的心理和关系方面的理解之间取得平衡。
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引用次数: 0
期刊
Journal of Family Business Management
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