Exploratory analysis of the antecedents of failure in family businesses: cases from Catalunya

IF 3.6 Q2 MANAGEMENT
Ani Hayrapetyan, Alexandra Simon
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引用次数: 0

Abstract

Purpose

Family businesses (FBs) are considered an essential type of entrepreneurship that impacts economic growth. However, statistics show that after a period of performance they ultimately fail, and comparatively little is known about the reasons for their failing when compared to the amount of research focusing on keys to success.

Design/methodology/approach

Through the implementation of an case study technique, which is widely used in research to address the complex phenomenon of failure, this paper aims to analyse the antecedents of failure in the case of four Catalan FBs. In doing so, this article develops propositions based on Institutional Economics Theory and Dynamic Capability Theory, with a focus on innovation and product diversification in family firms.

Findings

Using interviews as a means of obtaining a large amount of information, it is observed that problems related to governmental regulations and constantly changing social behaviour can lead to failure for FBs. Additionally, a link between R&D activities and new product development and FB failure is observed. More specifically, this research highlights that a lack of product diversification and innovation can become a hindrance for FB performance when the institutional environment is unstable. It reveals the importance of developing dynamic capabilities that can meet the demands of fast-changing consumer behaviour. From a practical perspective, these findings can be used by governments in developing regulations focused on the dynamic capabilities of FBs, and by managers in order to learn from these experiences and implement appropriate strategies for long-term development and crisis management.

Originality/value

This paper theoretically contributes to both the FB literature, as well as to institutional economics and dynamic capability theories by offering a combined perspective on how FB's dynamic capabilities change based on environmental factors and impact FB failure.

家族企业失败诱因的探索性分析:加泰罗尼亚的案例
目的家族企业(FBs)被认为是影响经济增长的一种重要创业类型。然而,统计数据显示,这些企业在经历了一段时间的业绩增长后最终会失败,与关注成功关键的研究相比,人们对其失败原因的了解相对较少。在此过程中,本文以制度经济学理论和动态能力理论为基础提出了一些命题,重点关注家族企业的创新和产品多样化。此外,研究还发现研发活动和新产品开发与家族企业失败之间存在联系。更具体地说,这项研究强调,在制度环境不稳定的情况下,缺乏产品多样化和创新会阻碍金融企业的绩效。它揭示了发展动态能力以满足快速变化的消费者行为需求的重要性。从实践的角度来看,政府可以利用这些发现来制定关注金融企业动态能力的法规,管理者也可以利用这些发现来吸取经验教训,实施适当的长期发展和危机管理战略。 原创性/价值 本文从理论上对金融企业文献以及制度经济学和动态能力理论做出了贡献,提供了一个关于金融企业动态能力如何根据环境因素发生变化并影响金融企业失败的综合视角。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
5.50
自引率
33.30%
发文量
51
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