Journal of Family Business Strategy最新文献_第10页

Bringing entrepreneurship and family business fully into a home in management departments 将企业家精神和家族企业完全带入家庭管理部门

IF 7.2 1区管理学

Journal of Family Business Strategy Pub Date : 2022-03-01 DOI: 10.1016/j.jfbs.2022.100483

Garry D. Bruton , Juanyi Chen

引用次数: 6

Surviving the coronavirus pandemic and beyond: Unlocking family firms’ innovation potential across crises 在冠状病毒大流行及其后的生存:在危机中释放家族企业的创新潜力

IF 7.2 1区管理学

Journal of Family Business Strategy Pub Date : 2022-03-01 DOI: 10.1016/j.jfbs.2021.100440

Tanja Leppäaho, Paavo Ritala

{"title":"Surviving the coronavirus pandemic and beyond: Unlocking family firms’ innovation potential across crises","authors":"Tanja Leppäaho, Paavo Ritala","doi":"10.1016/j.jfbs.2021.100440","DOIUrl":"10.1016/j.jfbs.2021.100440","url":null,"abstract":"<div><p>In this research note, we examine Finnboat, a traditional Finnish family firm, from the interrelated perspectives of crisis behavior and innovation. The firm under study has endured three major crises: the economic recession of the 1990s, the 2008–2009 financial crisis, and the coronavirus pandemic. Our study shows that Finnboat has undertaken only very modest, if any, innovations during stable periods but has conducted a series of radical business-model and technology innovations, triggered by the different crises. This finding implies that during crises, a risk-averse family firm can productively engage into risk-taking and innovative behavior, effectively engaging in a “preference reversal.” We also find evidence of a deliberate accumulation of slack resources during periods of calm, which are mobilized to back up innovation and renewal efforts when a crisis hits. Our findings highlight family firms’ potential to endure crises by adopting a temporal separation logic to the risk-aversion vs. risk-taking paradox, and relatedly, by strategically managing the resource portfolio. Based on the case study, we suggest several research directions, approaches, and methodologies for studying family firm behavior and change during and in-between crises.</p></div>","PeriodicalId":47661,"journal":{"name":"Journal of Family Business Strategy","volume":"13 1","pages":"Article 100440"},"PeriodicalIF":7.2,"publicationDate":"2022-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.jfbs.2021.100440","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76375803","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 40

Acknowledgement to ad-hoc reviewers 2021 感谢特设审稿人2021年

IF 7.2 1区管理学

Journal of Family Business Strategy Pub Date : 2022-03-01 DOI: 10.1016/j.jfbs.2022.100487

引用次数: 0

Say-on-Pay voting dispersion in listed family and non-family firms: A panel data analysis 上市家族企业与非家族企业薪酬话语权投票差异:面板数据分析

IF 7.2 1区管理学

Journal of Family Business Strategy Pub Date : 2022-03-01 DOI: 10.1016/j.jfbs.2021.100423

Gabriel Lozano-Reina , Gregorio Sánchez-Marín , J. Samuel Baixauli-Soler

{"title":"Say-on-Pay voting dispersion in listed family and non-family firms: A panel data analysis","authors":"Gabriel Lozano-Reina , Gregorio Sánchez-Marín , J. Samuel Baixauli-Soler","doi":"10.1016/j.jfbs.2021.100423","DOIUrl":"10.1016/j.jfbs.2021.100423","url":null,"abstract":"<div><p>The study of Say-on-Pay (SOP) – a shareholder vote on executive compensation – is a key topic in the corporate governance field, despite which its influence in the context of family firms has not been studied until now. In response to this need, this paper pursues a twofold objective: first, to analyze differences in shareholder voting behavior between family and non-family firms; second, to explore the impact of increasing family ownership on voting dispersion among family firms, testing the related moderating effects of family involvement in management and governance on this relationship. Focusing on a sample of large UK listed companies from 2007–2017, our results show that the distinctive features of family firms lead to more concentrated voting positions regarding pay packages compared to non-family firms, with this voting concentration tending to be higher as family ownership increases. Moreover, while this relationship intensifies when the family is involved in management, we find partial support in the case of family involvement in governance.</p></div>","PeriodicalId":47661,"journal":{"name":"Journal of Family Business Strategy","volume":"13 1","pages":"Article 100423"},"PeriodicalIF":7.2,"publicationDate":"2022-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.jfbs.2021.100423","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79802182","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 5

IPO in family business: A systematic review and directions for future research 家族企业IPO:系统回顾与未来研究方向

IF 7.2 1区管理学

Journal of Family Business Strategy Pub Date : 2022-03-01 DOI: 10.1016/j.jfbs.2021.100433

Emmadonata Carbone , Alessandro Cirillo , Sara Saggese , Fabrizia Sarto

{"title":"IPO in family business: A systematic review and directions for future research","authors":"Emmadonata Carbone , Alessandro Cirillo , Sara Saggese , Fabrizia Sarto","doi":"10.1016/j.jfbs.2021.100433","DOIUrl":"10.1016/j.jfbs.2021.100433","url":null,"abstract":"<div><p>The transition from private to public ownership through the process of going public (i.e. initial public offering, or IPO) has attracted scholarly attention because of the governance, strategic and financial challenges and changes that firms face to achieve favourable valuations from equity markets. This is especially true for family companies, resulting in growing interest in the subject from family business scholars. This study systematically reviews existing research on IPOs in family businesses and assesses the state of the art in this field. It examines scholarly articles published in academic peer-reviewed journals from 1995 to 2020 and identifies research streams on the topic. It then systematizes the existing knowledge on IPOs in family firms through an input–process–output model that conceptually overlaps with IPO phases. This organizes the papers under investigation across four levels of analysis (firm, family, individual, and contextual levels). The article contributes to both research and practice by providing a useful theoretical driven model to guide future research efforts on IPOs in family businesses and suggesting specific policy interventions to support the listing process of family firms.</p></div>","PeriodicalId":47661,"journal":{"name":"Journal of Family Business Strategy","volume":"13 1","pages":"Article 100433"},"PeriodicalIF":7.2,"publicationDate":"2022-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.jfbs.2021.100433","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75559836","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"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: 13

Special issue on: Professionalizing the family business and business-owning family: Challenging our beliefs and moving theneedle 特刊:家族企业专业化和企业家族:挑战我们的信念，改变现状

IF 7.2 1区管理学

Journal of Family Business Strategy Pub Date : 2022-03-01 DOI: 10.1016/j.jfbs.2022.100486

Claudia Binz Astrachan (Guest Editor) , Matthias Waldkirch (Guest Editor) , Kimberly A. Eddleston (Guest Editor) , Michael A. Hitt (Advisory Editor) , Shaker Zahra (Advisory Editor)

引用次数: 1

The first turnaround response of family firms in a crisis situation 家族企业在危机情况下的第一次周转反应

IF 7.2 1区管理学

Journal of Family Business Strategy Pub Date : 2022-03-01 DOI: 10.1016/j.jfbs.2021.100434

Giacomo Laffranchini , John Hadjimarcou , Si Hyun Kim

引用次数: 6

How vulnerability enriches family firm relationships: A social exchange perspective 脆弱性如何丰富家族企业关系:社会交换视角

IF 7.2 1区管理学

Journal of Family Business Strategy Pub Date : 2022-03-01 DOI: 10.1016/j.jfbs.2021.100450

Mathew Hayward , Richard Hunt , Danny Miller

引用次数: 13

Surviving disruptive change: The role of history in aligning strategy and identity in family businesses 在颠覆性变革中生存:历史在调整家族企业战略和身份方面的作用

IF 7.2 1区管理学

Journal of Family Business Strategy Pub Date : 2021-12-01 DOI: 10.1016/j.jfbs.2020.100391

Jana Bövers , Christina Hoon

{"title":"Surviving disruptive change: The role of history in aligning strategy and identity in family businesses","authors":"Jana Bövers , Christina Hoon","doi":"10.1016/j.jfbs.2020.100391","DOIUrl":"https://doi.org/10.1016/j.jfbs.2020.100391","url":null,"abstract":"<div><p>Surviving a constantly changing environment is one of the challenges for the longevity of family firms. We assume that navigating through disruptive environments is inextricably linked to strategy and/or identity adaptation, modification and change. From a strategy-identity nexus point of view, these changes bear the risk of discontinuous shifts in strategy and identity. In this paper, we offer three types of strategy-identity inconsistencies and assume an alignment in strategy and identity as key for business survival. To uncover how family businesses bring order into their strategy and identity orientations, we draw upon the literature on the use of organizational history. We conducted a qualitative in-depth and longitudinal case study of a 100-year old German family business, which managed to survive major changes in the clothing industry. By exploring distinctive strategy-identity inconsistencies, we found three modes of the use of history (‘adjusting history’, ‘inventing history and historical forgetting’ and ‘invoking history’) whereby the family business drew upon historical accounts to ensure that identity was continuously enacted and expressed via strategy, and inferred, modified and affirmed from strategy. Our insights have significant implications not only for understanding the strategy-identity nexus in family businesses but also for research on the use of history.</p></div>","PeriodicalId":47661,"journal":{"name":"Journal of Family Business Strategy","volume":"12 4","pages":"Article 100391"},"PeriodicalIF":7.2,"publicationDate":"2021-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.jfbs.2020.100391","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91621185","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"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: 7

Dancing with giants: Contextualizing state and family ownership effects on firm performance in the Gulf Cooperation Council 与巨人共舞:国家和家族所有权对海湾合作委员会企业绩效的影响

IF 7.2 1区管理学

Journal of Family Business Strategy Pub Date : 2021-12-01 DOI: 10.1016/j.jfbs.2020.100373

Irma Martínez-García , Rodrigo Basco , Silvia Gómez-Ansón

引用次数: 10