{"title":"Standing the test of time: External factors influencing family firm longevity in Germany and Spain during the twentieth century","authors":"M. F. Moya, Paloma Fernández-Pérez, C. Lubinski","doi":"10.1344/jesb2020.1.j073","DOIUrl":"https://doi.org/10.1344/jesb2020.1.j073","url":null,"abstract":"While most research on family business longevity focuses on how internal corporate governance issue impact resilience, the aim of this article is to foreground the relevance of external environmental factors, and to do so in an internationally comparative perspective. By historically comparing the largest family businesses in Germany and Spain in the twentieth century, we find that they differ significantly in age and ask how external factors help us better understand these variances. After analysing the institutional framework of the two countries during the second part of the 20th century, we explore the strategic responses developed in reaction to that framework by four of the largest family businesses in the two countries. With this, we strive to capture the interdependent nature of internal decision-making processes and external environmental changes, ultimately arguing for a more holistic understanding of family business resilience over time.","PeriodicalId":278086,"journal":{"name":"Journal of Evolutionary Studies in Business-JESB","volume":"30 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-01-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126904408","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}
{"title":"Chinese Business in Latin America and the Caribbean: A Historical Overview.","authors":"Patricia Palma, María Montt Strabucchi","doi":"10.1344/JESB2019.2.J064","DOIUrl":"https://doi.org/10.1344/JESB2019.2.J064","url":null,"abstract":"This article provides a historical background of Chinese presence in Latin America and the Caribbean from the arrival of the first Chinese workers in the 1850s until the Great Depression. The objective is to demonstrate that Chinese businesses and investment in the region is far for being a recent phenomenon. Methodologically, this article explores an extensive bibliographic corpus and analyzes the International Chinese Business Directory of the World of 1913, one of the most important sources on Chinese businesses in the region. By focusing on the early migration patterns, the establishment of Chinese businesses and transnational economic networks, this article reveals how Chinese businesses were part of the urban landscapes of several Latin American and Caribbean cities, establishing historical commercial ties which continue, if in different forms, to this day.","PeriodicalId":278086,"journal":{"name":"Journal of Evolutionary Studies in Business-JESB","volume":"40 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-07-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116487272","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}
{"title":"The creation and transfer of entrepreneurship in emerging economies of the world. An approach through large family-owned corporations of China, Mexico and Brazil.","authors":"Maria Fernandez-Moya, Paloma Fernández-Pérez","doi":"10.1344/JESB2019.2.J063","DOIUrl":"https://doi.org/10.1344/JESB2019.2.J063","url":null,"abstract":"This article analyses the process of creation and transfer of entrepreneurial competitive advantages in large family firms of three dynamic emerging economies of the 21st century: Brazil, Mexico and China. It does so by studing path dependencies and the creation of dynamic capabilities in three case studies: Pao de Acucar (Brazil), Grupo Carso (Mexico) and Hutchison Whampoa (China). The interdisciplinary perspective of the article enables a long-term analysis of entrepreneurship, and facilitates the study of one important topic of debate in family business studies: the generational transfer of the so-called entrepreneurial spirit. The results of the article show on the one hand that existing historically determined institutions ruling local and global markets, and also inherited practices and values, have highly conditioned the strategies used to create and transfer entrepreneurship between generations in some of the largest family firms in Brazil, China and Mexico.","PeriodicalId":278086,"journal":{"name":"Journal of Evolutionary Studies in Business-JESB","volume":"41 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-07-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121587584","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}
{"title":"Chinese companies in the world.","authors":"P. Nueno","doi":"10.1344/JESB2019.2.J065","DOIUrl":"https://doi.org/10.1344/JESB2019.2.J065","url":null,"abstract":"Over the next few years, we are going to see a major global expansion of Chinese companies in all sectors and in all countries. Obviously, this is an opportunity for companies whose future is not so clear-cut, be it because of their size, their technological weaknesses or their owners’ failing business interests (for reasons of age, family matters, diversification, etc.). However, it should be an opportunity for Chinese companies to expand their operations in Europe or in America. In many cases, such acquisitions (some of which have already been completed) will protect jobs and create many more. We should see the internationalization of Chinese companies as a great opportunity, and we should prepare ourselves for it and make sure we have the right strategies in place be it as partners, allies, suppliers or customers.","PeriodicalId":278086,"journal":{"name":"Journal of Evolutionary Studies in Business-JESB","volume":"45 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-07-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125097422","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}
{"title":"Chinese companies conquering the world: A descriptive analysis of the rapid rise of Chinese acquisitions.","authors":"Lourdes Casanova, Anne Miroux","doi":"10.1344/JESB2019.2.J059","DOIUrl":"https://doi.org/10.1344/JESB2019.2.J059","url":null,"abstract":"In this article, we study the global acquisition trends of Chinese companies. We look at the countries and sectors they are investing in and the factors driving those investments. We consider the inflexion points and the changes before and after the Global Financial Crisis. The focus of the paper is the evolution of mergers and acquisitions (M&A), but we also consider greenfield investments and overall outward foreign direct investments. To that end, we use longitudinal data from three sources: the United Nations Conference on Trade and Development (UNCTAD), the Standard & Poor’s Capital IQ, and Financial Times fDi Markets. We note that M&A activity was key for the rapid growth and the fast internationalization pace of Chinese companies. While M&A is the entry mode of choice for Chinese firms to approach the developed world (Europe and the U.S.), greenfields are more common for expansion in Asia and Africa. The paper also provides comparisons with data from other emerging markets and the U.S.","PeriodicalId":278086,"journal":{"name":"Journal of Evolutionary Studies in Business-JESB","volume":"38 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-07-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125966897","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}
{"title":"The Chinese Project “One Belt One Road” Toward Latin America and the Caribbean. Economic-financial implications.","authors":"Ruvislei González-Sáez","doi":"10.1344/JESB2019.2.J062","DOIUrl":"https://doi.org/10.1344/JESB2019.2.J062","url":null,"abstract":"In September 2013, the president of the People's Republic of China, Xi Jinping presented in Kazakhstan the idea of the great project Belt and Road Initiative (BRI). Two years later Beijing made official the megaproject with the institutionalization of six corridors and its two slopes, the Economic Belt of the Silk Road and the Maritime Silk Road of the 21st century. In its initial projection the connection of Asia with Europe, crossing the Middle East and involving Africa was proposed. However, starting in 2016, the extension to Latin America and the Caribbean is being projected, through the development of a series of economic-financial projects. The article uses primary and secondary sources, and a narrative style, to argue that BRI is more than an infrastructure and economic initiative. The major objective of the study is to determine and highlight the relevance of economic-financial dimensions, without downplaying the obvious political implications.","PeriodicalId":278086,"journal":{"name":"Journal of Evolutionary Studies in Business-JESB","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-07-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130790071","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}
{"title":"The presence of Chinese businesses in the world.","authors":"F. Márquez","doi":"10.1344/JESB2019.2.J058","DOIUrl":"https://doi.org/10.1344/JESB2019.2.J058","url":null,"abstract":"This article introduces the special issue of the Journal of Evolutionary Studies in Business about the global presence of Chinese businesses and explains some important aspects in order to understand outward Chinese investments. The article also presents the seven special issue articles that provide new insights about the international presence of Chinese companies, in general in the world but with a particular attention paid to investments in Latin American countries.","PeriodicalId":278086,"journal":{"name":"Journal of Evolutionary Studies in Business-JESB","volume":"25 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-07-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122414615","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}
{"title":"Chinese investments in Latin America: An analysis of host country determinants.","authors":"Diego Quer, Laura Rienda, Rosario Andreu","doi":"10.1344/JESB2019.2.J060","DOIUrl":"https://doi.org/10.1344/JESB2019.2.J060","url":null,"abstract":"Despite cultural differences and political instability, Latin America is already the second main destination of China’s outward foreign direct investment (OFDI), only behind Asia. Although natural resource-seeking has been the traditional motivation for Chinese firms doing business in Latin America, market-seeking is also becoming an increasingly important driver. The aim of this study is to investigate the influence of host country factors on the location decisions of Chinese multinational enterprises (MNEs) in Latin America. We analyzed a sample of 106 investments carried out by 52 Chinese MNEs in 10 Latin American countries between 2005 and 2017. Our findings indicate that cultural distance negatively influences location choice by Chinese MNEs, while political risk has no influence. Moreover, market-seeking motivations and good diplomatic relations between China and the host country also matter.","PeriodicalId":278086,"journal":{"name":"Journal of Evolutionary Studies in Business-JESB","volume":"17 4 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-07-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123674467","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}
Armando J. dalla Costa, Li Yi, Adalto Acir Althaus Junior
{"title":"Chinese Companies and Foreign Direct Investment in Brazil between 2000 and 2018.","authors":"Armando J. dalla Costa, Li Yi, Adalto Acir Althaus Junior","doi":"10.1344/JESB2019.2.J061","DOIUrl":"https://doi.org/10.1344/JESB2019.2.J061","url":null,"abstract":"The article aims to understand the relationship between Foreign Direct Investment (FDI) and the presence of Chinese multinationals in Brazil. To achieve its purpose, the text retrieves theoretical elements about FDI and the theories that explain the process of internationalization of companies, in order to explain the growing presence of Chinese multinationals in the country. We used data from official sources, such as the Central Bank of Brazil (CBB), UNCTAD and the Ministry of Commerce of China (MOFCOM), and from unofficial sources, such as the American Business Institute (ABI) and the Brazil China Business Council. We present some case studies of multinationals such as Sinopec (petroleum sector), Didi Chuxing (Technology/ Startup), State Grid (Electric Power) and Chery Automobile (Auto Industry), with intent to show the modus operandi of companies from different economic sectors. To analyze these companies, we used data from their websites and other information available online. As a preliminary conclusion, it can be stated that Chinese FDI in Brazil increased significantly during the 21st century, when compared to the total direct investment from other countries. The Chinese multinationals in Brazil focus their interests in search for raw materials and sale of products with greater added value.","PeriodicalId":278086,"journal":{"name":"Journal of Evolutionary Studies in Business-JESB","volume":"140 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-07-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132832787","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}
{"title":"The protocol and its effect on the continuity of the family business through structural equation mo","authors":"Martha Bringas, N. P. Caro","doi":"10.1344/JESB2019.1.J057","DOIUrl":"https://doi.org/10.1344/JESB2019.1.J057","url":null,"abstract":"Family businesses are representative of the economy in Argentina. They are characterized by a strong vocation for continuity as part of the family legacy. However, their permanence has been hindered in most cases by lack of management of the business family. The high rate of disappearance is due in most cases to family-type setbacks. The family protocol is a tool that contributes to progress of family businesses, facilitating management of the company and the business family. The objective of this work is to find correlation among behaviour of family businesses and the family protocol as a management tool for the permanence of the family business. Structural equations models (SEM) were applied, where on the one hand, the latent variable \"continuity\"- which indicates the perception that members of family businesses have - was defined and on the other hand, if “having a protocol” has an implication on their endurance. It is concluded that having a family protocol which includes the guidelines for family and business management contributes to permanence of the family business with all the benefits that this implies both for the business family itself and for the society and economy in which it is immersed.","PeriodicalId":278086,"journal":{"name":"Journal of Evolutionary Studies in Business-JESB","volume":"11 3","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131789791","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}