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Family CEO affect and R&D investments of family firms: The moderation effect of family ownership structure 家族CEO影响与家族企业研发投资:家族股权结构的调节作用
IF 8.5 2区 管理学
Long Range Planning Pub Date : 2023-10-01 DOI: 10.1016/j.lrp.2022.102230
Juan Bautista Delgado-García , Virginia Blanco-Mazagatos , M. Elena Romero-Merino , Celia Díaz-Portugal
{"title":"Family CEO affect and R&D investments of family firms: The moderation effect of family ownership structure","authors":"Juan Bautista Delgado-García ,&nbsp;Virginia Blanco-Mazagatos ,&nbsp;M. Elena Romero-Merino ,&nbsp;Celia Díaz-Portugal","doi":"10.1016/j.lrp.2022.102230","DOIUrl":"10.1016/j.lrp.2022.102230","url":null,"abstract":"<div><p>The last decades have seen increasing interest in the determinants of heterogeneity in family firm innovation. In this study, we respond to recent calls to address the micro-level mechanisms behind innovation in family firms. Specifically, we analyze the effect of family CEO affect, namely positive and negative affective traits, on the R&amp;D investment decisions of family firms. We also analyze the moderating effect of family ownership structure on the influence of CEO affect on these strategic decisions. Consistent with affect maintenance arguments, our findings of a sample of 142 Spanish family firms show that positive family CEO affect negatively influences the R&amp;D investments of family firms, while negative affect positively influences these investments. The results also show that family CEO ownership and family CEO branch ownership strengthen the effects of family CEO affect on R&amp;D investments, whereas ownership concentration in other family branches weakens these effects.</p></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"56 5","pages":"Article 102230"},"PeriodicalIF":8.5,"publicationDate":"2023-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46764141","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 6
The role of affect in the selection of nonfamily top management team members in family businesses 情感在家族企业非家族高层管理团队成员选择中的作用
IF 8.5 2区 管理学
Long Range Planning Pub Date : 2023-10-01 DOI: 10.1016/j.lrp.2022.102288
Sabrina Schell , Julia K. de Groote , Salome Richard , Andreas Hack , Franz W. Kellermanns
{"title":"The role of affect in the selection of nonfamily top management team members in family businesses","authors":"Sabrina Schell ,&nbsp;Julia K. de Groote ,&nbsp;Salome Richard ,&nbsp;Andreas Hack ,&nbsp;Franz W. Kellermanns","doi":"10.1016/j.lrp.2022.102288","DOIUrl":"10.1016/j.lrp.2022.102288","url":null,"abstract":"<div><p>Utilizing a qualitative research design based on 53 interviews with 19 Swiss family businesses, supplemented by 14 expert interviews, this study demonstrates that different family firm-specific elements of the process of selecting top management team (TMT) members alter affect infusion in family firms. These are the informal selection context, the involvement of informal advisors, and relationship-related evaluation criteria. The study moreover shows that the context-specific attitude (openness, defensiveness, readiness to delegate) of the family business decision-maker regulates affect infusion. Lastly, the study demonstrates that sabotage in the selection process can occur in high-affect infusion scenarios. Contributions and implications for future research are discussed.</p></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"56 5","pages":"Article 102288"},"PeriodicalIF":8.5,"publicationDate":"2023-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45607581","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Emotions in the strategic management of family business organizations: Opening up the black box 家族企业组织战略管理中的情感:打开黑匣子
IF 8.5 2区 管理学
Long Range Planning Pub Date : 2023-10-01 DOI: 10.1016/j.lrp.2023.102373
Alfredo De Massis, Kimberly A. Eddleston, Isabella Hatak, Ronald H. Humphrey, Evila Piva, Yi Tang
{"title":"Emotions in the strategic management of family business organizations: Opening up the black box","authors":"Alfredo De Massis,&nbsp;Kimberly A. Eddleston,&nbsp;Isabella Hatak,&nbsp;Ronald H. Humphrey,&nbsp;Evila Piva,&nbsp;Yi Tang","doi":"10.1016/j.lrp.2023.102373","DOIUrl":"10.1016/j.lrp.2023.102373","url":null,"abstract":"<div><p>Emotions play a crucial role in the strategic management of family business organizations (FBOs). Yet, they are commonly treated as a black box, and we have a limited understanding of their antecedents, and the processes and mechanisms through which they develop and unfold in FBOs, ultimately leading to strategic outcomes. This paper opens the black box and develops a framework for studying emotions in the strategic management of FBOs. In addition, it discusses how contemporary research contributes to moving the state of the field forward and proposes an agenda for future research by delineating some critical challenges and research directions.</p></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"56 5","pages":"Article 102373"},"PeriodicalIF":8.5,"publicationDate":"2023-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46435758","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
A turn of events: The case of the repurchase of Champagne Taittinger 事件的转折：Champagne Taittinger的回购案例
IF 8.5 2区 管理学
Long Range Planning Pub Date : 2023-10-01 DOI: 10.1016/j.lrp.2022.102241
Celine Barredy , Donella Caspersz
{"title":"A turn of events: The case of the repurchase of Champagne Taittinger","authors":"Celine Barredy ,&nbsp;Donella Caspersz","doi":"10.1016/j.lrp.2022.102241","DOIUrl":"10.1016/j.lrp.2022.102241","url":null,"abstract":"<div><p>Why does a family sell and why does a family member repurchase the business after it has been sold? We explore these questions by analysing the case of Champagne Taittinger which was sold as part of the sale of the family business by the second-generation in 2005, and the repurchase of the business by third generation, Pierre-Emmanuel Taittinger, in 2006. Guided by affective events theory, we use a qualitative approach to identify “turning points” of attachment and conflict and illustrate how an interplay of these affective states at the microfoundations of the Taittinger family influences the macro-level events of the sale and repurchase of Champagne Taittinger. We contribute to understanding how affective events at the microfoundations of family crucially influence business strategy.</p></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"56 5","pages":"Article 102241"},"PeriodicalIF":8.5,"publicationDate":"2023-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46435268","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 3
Family business system dynamics in the aftermath of in-law entry: A reflection on emotions and strategic change 亲家入世后的家族企业制度动态：情感与战略变革的反思
IF 8.5 2区 管理学
Long Range Planning Pub Date : 2023-10-01 DOI: 10.1016/j.lrp.2022.102250
Marco Mismetti , Emanuela Rondi , Cristina Bettinelli
{"title":"Family business system dynamics in the aftermath of in-law entry: A reflection on emotions and strategic change","authors":"Marco Mismetti ,&nbsp;Emanuela Rondi ,&nbsp;Cristina Bettinelli","doi":"10.1016/j.lrp.2022.102250","DOIUrl":"10.1016/j.lrp.2022.102250","url":null,"abstract":"<div><p>In the family business system, the family and business subsystems overlap, thereby reciprocally and dynamically influencing each other. When a son- or daughter-in-law enters the family, the equilibrium of the family business system alters in terms of conflicts and emotions. In this study, we embrace family systems theory to conceptually devise how child-in-law entry in the family spurs strategic change in the business subsystem. Building on this speculation, we introduce a multi-level framework of the emotional and relational mechanisms that unfold at the family-business interface. Our study offers insights to family business research, family systems theory, and strategic management, as well as outlining promising directions for future research.</p></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"56 5","pages":"Article 102250"},"PeriodicalIF":8.5,"publicationDate":"2023-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42010267","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 6
Transforming the music industry: How platformization drives business ecosystem envelopment 音乐产业转型:平台化如何驱动商业生态圈
IF 8.5 2区 管理学
Long Range Planning Pub Date : 2023-08-01 DOI: 10.1016/j.lrp.2023.102327
Amber Geurts , Katharina Cepa
{"title":"Transforming the music industry: How platformization drives business ecosystem envelopment","authors":"Amber Geurts ,&nbsp;Katharina Cepa","doi":"10.1016/j.lrp.2023.102327","DOIUrl":"10.1016/j.lrp.2023.102327","url":null,"abstract":"<div><p>Digitalization allows new entrants to enter and transform industries with new technologies or business models. Often, these new entrants introduce digital platforms that modify prevalent value creation and capture mechanisms to allow them to take on powerful keystone positions. While prior research has mostly analysed the organizational consequences for firms, we follow a growing field of interest studying the effects of digital platforms on business ecosystems and explore when and how platformization of a business ecosystem occurs. Our study of the platformization of the Dutch music industry from the 1990s to 2016 makes two contributions. First, we identify two mechanisms that drive the platformization of business ecosystems: digital transaction platforms reconfigure value capture as well as value creation, and translators – a new actor-type proficient in digital technologies – emerge that help incumbent keystone actors translate physical products into digital offerings. Second, we theorize this process as <em>business ecosystem envelopment;</em> a viable strategy for digital transaction platforms to absorb a traditional business ecosystem's focal offering without taking over its functionality.</p></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"56 4","pages":"Article 102327"},"PeriodicalIF":8.5,"publicationDate":"2023-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43335696","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
Managing goal heterogeneity in strategic initiatives 管理战略计划中的目标异质性
IF 8.5 2区 管理学
Long Range Planning Pub Date : 2023-08-01 DOI: 10.1016/j.lrp.2023.102344
Erim Ergene , Steven Floyd , Seray Ergene
{"title":"Managing goal heterogeneity in strategic initiatives","authors":"Erim Ergene ,&nbsp;Steven Floyd ,&nbsp;Seray Ergene","doi":"10.1016/j.lrp.2023.102344","DOIUrl":"10.1016/j.lrp.2023.102344","url":null,"abstract":"<div><p>Strategic initiatives are temporary group undertakings designed to renew organizational capabilities and are crucial to organizational performance. Despite the inherent goal heterogeneity stemming from individual, departmental, organizational, and initiative levels, research conceptualizes goals as unitary within the team. Our objective is to explore ways to manage goal heterogeneity for the successful development of strategic initiatives within the intraorganizational context. We argue that organizational controls and decision comprehensiveness can be effective in mitigating the negative effects of heterogeneity. This will help facilitate a group of individuals in behaving as a team and being committed to the agreed-upon task at hand. We also articulate the positive role of strategic consensus in moving initiatives in the resource allocation process. Our theory building provides a roadmap for managing strategic initiatives in the resource allocation process and contributes to research on strategic initiatives and goals and, more broadly, to behavioral theory.</p></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"56 4","pages":"Article 102344"},"PeriodicalIF":8.5,"publicationDate":"2023-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45696935","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
When less may be more: A dyadic view of franchise contracts 少即是多:特许经营合同的二元观点
IF 8.5 2区 管理学
Long Range Planning Pub Date : 2023-08-01 DOI: 10.1016/j.lrp.2023.102343
Shiau-Ling Guo
{"title":"When less may be more: A dyadic view of franchise contracts","authors":"Shiau-Ling Guo","doi":"10.1016/j.lrp.2023.102343","DOIUrl":"10.1016/j.lrp.2023.102343","url":null,"abstract":"<div><p>Research on contractual governance has traditionally viewed exchange hazards as having mutual effects on contractual design at the transaction level. To advance our understanding of contracting decisions in interorganizational relationships, I depart from the traditional emphasis on the mutual aspects of interorganizational relationships by examining how exposure to idiosyncratic exchange hazards may impact the divergent contractual arrangement interests of each side of the dyad. Viewing the locus of exchange hazards and contract design as dyadic broadens the conventional emphasis on the add-on perspective of governing relationships to further emphasize how excluding contractual rights selectively may be an alternative way for controlling the threat of exchange hazards. Through an analysis of franchise disclosure documents and contracts for 136 restaurant franchise systems in the U.S., I found that, when confronted with exchange hazards, a firm can strengthen its own protection not only by enhancing contractual rights in its own interests but also by limiting contractual rights in favor of its partner. With a dyadic perspective, my paper sheds new light on the discriminating alignment principle and generates new insights into the strategic implications of intentionally leaving gaps in contracts.</p></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"56 4","pages":"Article 102343"},"PeriodicalIF":8.5,"publicationDate":"2023-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41606513","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The regional and temporal nature of hypercompetition 超级竞争的地域性和时代性
IF 8.5 2区 管理学
Long Range Planning Pub Date : 2023-08-01 DOI: 10.1016/j.lrp.2023.102328
Annesofie Lindskov , Kristian J. Sund , Johannes K. Dreyer , Jiang Yu
{"title":"The regional and temporal nature of hypercompetition","authors":"Annesofie Lindskov ,&nbsp;Kristian J. Sund ,&nbsp;Johannes K. Dreyer ,&nbsp;Jiang Yu","doi":"10.1016/j.lrp.2023.102328","DOIUrl":"10.1016/j.lrp.2023.102328","url":null,"abstract":"<div><p>Numerous scholars have suggested that the global technology-intensive sector has become hypercompetitive, yet few have tested this empirically. Those that have find seemingly conflicting evidence. Applying commonly used measures, we explore whether this could be due to hypercompetition being more time and context specific than previously thought. Based on data from the United States, Europe, Japan, and China covering 1980–2018, we find no indication of a generalized increase in business performance volatility in this sector across regions. We do find a declining stability in the performance of Japanese firms over the study period, but in US firms only leading up to the burst of the dotcom bubble. A structural break analysis helps us conclude that hypercompetition is a phenomenon limited in both location, time, and industry, linked to industry breakpoints across its life cycle.</p></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"56 4","pages":"Article 102328"},"PeriodicalIF":8.5,"publicationDate":"2023-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42361820","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
How paradoxical leaders guide their followers to embrace paradox: Cognitive and behavioral mechanisms of paradox mindset development 悖论领导者如何引导追随者接受悖论：悖论思维发展的认知和行为机制
IF 8.5 2区 管理学
Long Range Planning Pub Date : 2023-08-01 DOI: 10.1016/j.lrp.2023.102319
Raphael Boemelburg , Alexander Zimmermann , Maximilian Palmié
{"title":"How paradoxical leaders guide their followers to embrace paradox: Cognitive and behavioral mechanisms of paradox mindset development","authors":"Raphael Boemelburg ,&nbsp;Alexander Zimmermann ,&nbsp;Maximilian Palmié","doi":"10.1016/j.lrp.2023.102319","DOIUrl":"10.1016/j.lrp.2023.102319","url":null,"abstract":"<div><p>Organizational members must constantly confront and manage numerous paradoxical tensions inherent in organizational life, such as exploration and exploitation. Although prior research suggests that a paradox mindset helps individuals navigate such tensions, we know little about how paradoxical leaders might engender such a mindset in their followers. To shed light on this issue, we differentiate between cognitive and behavioral influences on followers' paradox mindset development. Drawing on primary data from 273 employees, our study indicates that the two influences are interrelated, with behavioral mechanisms mediating the effects of cognitive mechanisms. Our study advances extant theory by providing insights into how paradoxical leaders guide employees to situationally engage with specific paradoxical tensions and influence followers’ paradox mindset in general.</p></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"56 4","pages":"Article 102319"},"PeriodicalIF":8.5,"publicationDate":"2023-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49068060","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
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