Founding family firms and exploration orientation: Analysis of S&P 500 firms

IF 4.7 1区管理学 Q1 BUSINESS

Journal of Family Business Strategy Pub Date : 2026-06-01 Epub Date: 2026-05-06 DOI:10.1016/j.jfbs.2026.100716

Eva Dötschel, Sebastian Junge

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引用次数: 0

Abstract

Explorative learning is crucial for firms’ long-term success; however, academic knowledge of the implications of socioemotional wealth (SEW) of founding family influence in publicly listed firms remains limited to small and medium-sized enterprises and survey-based studies. This study addresses this gap by investigating the nexus between founding family influence in public firms and the tendency to engage in exploration. Specifically, we analyze family-founded S&P 500 firms, hypothesizing and investigating the effect of founding family influence on firms’ relative exploration orientation via a longitudinal content analysis. We determine that while founding family influence negatively affects firms’ relative exploration orientation, the presence of a family founder CEO does not significantly strengthen this effect, and a nonfounding family CEO (i.e., a CEO from a distinct family to the founding family) mitigates this negative relationship. This study contributes to the research on founding family influence, SEW and organizational learning.

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创始家族企业与探索方向：标普500公司分析

探索性学习对企业的长期成功至关重要；然而，关于社会情感财富（SEW）对上市公司创始人家族影响力的影响的学术知识仍然局限于中小型企业和基于调查的研究。本研究通过调查创始家族在上市公司中的影响力与参与探索的倾向之间的关系，解决了这一差距。具体而言，我们分析了家族创立的标准普尔500公司，通过纵向内容分析假设并调查了创始家族影响对公司相对探索方向的影响。我们确定，虽然创始家族的影响会对企业的相对探索方向产生负面影响，但家族创始人CEO的存在并没有显著增强这种影响，而非创始家族CEO（即来自创始家族的不同家族的CEO）则会减轻这种负面关系。本研究对创业家族影响力、企业自主学习与组织学习的关系研究有所贡献。

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

Journal of Family Business Strategy Multiple-

CiteScore

11.40

自引率

19.40%

发文量

期刊介绍： The Journal of Family Business Strategy takes an international perspective, providing a platform for research that advances our understanding of family businesses. Welcoming submissions across various dimensions, the journal explores the intricate interplay between family dynamics and business operations, contributing new insights to this specialized field.