{"title":"International entrepreneurship by family firms post Covid","authors":"Shaker A. Zahra","doi":"10.1016/j.jfbs.2021.100482","DOIUrl":"https://doi.org/10.1016/j.jfbs.2021.100482","url":null,"abstract":"<div><p>The Covid pandemic has brought about major changes in the global business environment in which family firms operate. As a result, researchers studying these firms have a golden opportunity to leverage these changes as they study fundamental questions related to the changing roles of institutions, the social role of technology, the contribution and changing nature of ownership, and the social role of the firm. These changes also are likely to alter family firms’ culture and identity. Examining these issues will enrich our theory building while providing more evidence-based guidance on how to attain and sustain resilience as family firms pursue international entrepreneurship.</p></div>","PeriodicalId":47661,"journal":{"name":"Journal of Family Business Strategy","volume":"13 2","pages":"Article 100482"},"PeriodicalIF":7.2,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"137070330","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}
{"title":"Human resources and mutual gains in family firms: New developments and possibilities on the horizon","authors":"Frank Lambrechts , Luca Gnan","doi":"10.1016/j.jfbs.2022.100502","DOIUrl":"10.1016/j.jfbs.2022.100502","url":null,"abstract":"<div><p>Human resources are paramount to family firms and to families in business because they are essential for achieving human flourishing and building family businesses that last for generations. Despite the increasing focus on HR in recent years, our understanding of the drivers, processes, and outcomes of family firm HR practices is still in its infancy. As a result, the development of useful theory has opportunity to grow. The aim of our Special Issue is to demonstrate the power of the mutual gains perspective to advance actionable insights around HR issues in family business scholarship and practice. Toward this aim, this Special Issue presents five research articles that have taken the mutual gains perspective to heart in their own ways, making significant contributions not only to the family business field but also to the HRM domain and beyond. Inspired by, but also going beyond the articles in this Special Issue, we develop concrete ideas and questions that flesh out new developments and possibilities on the horizon, using the following question as a leitmotiv: “How can family business research and practice help create healthy, flourishing family firms for flourishing people (family and nonfamily), taking into account the heterogeneity of family firms and families in business?”</p></div>","PeriodicalId":47661,"journal":{"name":"Journal of Family Business Strategy","volume":"13 2","pages":"Article 100502"},"PeriodicalIF":7.2,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1877858522000201/pdfft?md5=6ded9c2d5f27362aa0fbca102c6857f5&pid=1-s2.0-S1877858522000201-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88514681","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}
{"title":"Family businesses under COVID-19: Inspiring models – Sometimes","authors":"Isabelle Le Breton-Miller, Danny Miller","doi":"10.1016/j.jfbs.2021.100452","DOIUrl":"10.1016/j.jfbs.2021.100452","url":null,"abstract":"<div><p>We examine the behavior of family firms during the COVID-19 pandemic through the lens of Miller and Le Breton-Miller’s (2005) “4C model” of continuity, community, connection, and command. We show how some family firms embracing temporally and socially extended priorities have excelled along these Cs and conducted themselves as exemplary citizens during the COVID crisis. By contrast some family firms with more restricted priorities have behaved in ethically disreputable ways. We discuss the contingencies that affect these forms of behavior and suggest why family firms may be subject to both positive and negative ethical extremes.</p></div>","PeriodicalId":47661,"journal":{"name":"Journal of Family Business Strategy","volume":"13 2","pages":"Article 100452"},"PeriodicalIF":7.2,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.jfbs.2021.100452","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80461188","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}
{"title":"Differences and similarities in executive hiring decisions of family and non-family firms","authors":"Oliver Fabel , Dana Mináriková , Christian Hopp","doi":"10.1016/j.jfbs.2021.100481","DOIUrl":"10.1016/j.jfbs.2021.100481","url":null,"abstract":"<div><p>We juxtapose the executive recruitment decisions of family and non-family firms. We hypothesize that hiring preferences toward executive candidates differ between family and non-family firms. We test our predictions against field data from executive recruitment processes involving family and non-family firms. Drawn from an executive hiring company, the sample includes 166 candidates in 56 selection processes on behalf of 42 client companies (28 family firms). Our results indicate that family firms prefer to hire managers with strong functional competence and leadership skills, whereas non-family firms prefer to employ managers with more pronounced market knowledge. Despite these differences, both types of firms are drawn to performance-oriented candidates, i.e., individuals with a strong focus on client and result orientation. For researchers and practitioners alike, our study demonstrates the importance of understanding the distinct hiring requirements of family firms when they professionalize.</p></div>","PeriodicalId":47661,"journal":{"name":"Journal of Family Business Strategy","volume":"13 2","pages":"Article 100481"},"PeriodicalIF":7.2,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74372900","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}
Alessandro Cirillo , Fernando Muñoz-Bullón , María J. Sánchez-Bueno , Salvatore Sciascia
{"title":"Employee downsizing and sales internationalization strategy in family firms","authors":"Alessandro Cirillo , Fernando Muñoz-Bullón , María J. Sánchez-Bueno , Salvatore Sciascia","doi":"10.1016/j.jfbs.2020.100354","DOIUrl":"10.1016/j.jfbs.2020.100354","url":null,"abstract":"<div><p>Employee downsizing is a crucial choice that transcends the firm’s boundaries and has profound social implications. While the topic has been on researchers’ agenda for a long time, literature is still looking for a finer understanding of downsizing in family firms, which are the majority of employers worldwide. Using the Socio-Emotional Wealth perspective, this study explores the contingency effect of sales internationalization strategy on the relationship between family firm status and employee downsizing. Based on a large sample of private Spanish firms, our results reveal that the negative effect of family firm status on downsizing is mitigated at higher levels of export intensity, global focus and when export is done directly.</p></div>","PeriodicalId":47661,"journal":{"name":"Journal of Family Business Strategy","volume":"13 2","pages":"Article 100354"},"PeriodicalIF":7.2,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.jfbs.2020.100354","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"72649646","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}
{"title":"Getting family firm diversification right: A configurational perspective on product and international diversification strategies","authors":"Cornelius Hafner, Ulrich Pidun","doi":"10.1016/j.jfbs.2021.100456","DOIUrl":"10.1016/j.jfbs.2021.100456","url":null,"abstract":"<div><p>This study aims to identify the key success factors of the two dominant types of family firm diversification strategies: product and international diversification. Drawing on the extant family business literature, we study how factors at the firm level—performance vulnerability, generational stage, and management professionalization—combine to determine the choice and, more importantly, the success of the family firm’s diversification strategy. Our empirical study is conducted on a new proprietary dataset collected for 102 unrelated product and international diversification decisions of large, closely held German family firms. While both theory and practice often regard product and international diversification strategies as two means to the same end (such as growth, risk diversification, firm survival, and family employment opportunities), we find that they are anything but perfect substitutes. In fact, the results of the fuzzy-set qualitative comparative analysis highlight that the conditions leading to successful product diversification differ significantly from those for successful international diversification, particularly with regard to the family’s involvement in the management of the firm. Based on our results, we derive practical recommendations for family business owners considering product and/or international diversification strategies.</p></div>","PeriodicalId":47661,"journal":{"name":"Journal of Family Business Strategy","volume":"13 1","pages":"Article 100456"},"PeriodicalIF":7.2,"publicationDate":"2022-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89928750","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}
{"title":"Bringing entrepreneurship and family business fully into a home in management departments","authors":"Garry D. Bruton , Juanyi Chen","doi":"10.1016/j.jfbs.2022.100483","DOIUrl":"10.1016/j.jfbs.2022.100483","url":null,"abstract":"<div><p>Many young entrepreneurship and family business scholars reside in management departments. However, too often these departments do not recognize publications on entrepreneurship and family business as equivalent to publications in management journals. Such arguments around journal quality are more than simply esoteric debates. Indeed, the acknowledgement of entrepreneurship/family business journal quality is critical since young scholars’ progress to tenure and promotion around the world hinges on publications in high quality journals. However, since scholars in business are evidence-based we argue that academics’ views can be shifted. Therefore, we initially present evidence on three facts about the entrepreneurship journals whose domains partially include family business. We should shift the view of management scholars on these journals’ quality. We then discuss the implications of these arguments for the dedicated family business journals and how they also can enter the top tier of academic publications.</p></div>","PeriodicalId":47661,"journal":{"name":"Journal of Family Business Strategy","volume":"13 1","pages":"Article 100483"},"PeriodicalIF":7.2,"publicationDate":"2022-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73922982","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}
{"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}
{"title":"Acknowledgement to ad-hoc reviewers 2021","authors":"","doi":"10.1016/j.jfbs.2022.100487","DOIUrl":"10.1016/j.jfbs.2022.100487","url":null,"abstract":"","PeriodicalId":47661,"journal":{"name":"Journal of Family Business Strategy","volume":"13 1","pages":"Article 100487"},"PeriodicalIF":7.2,"publicationDate":"2022-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1877858522000055/pdfft?md5=5632ac206311a69d696274e8899eff6a&pid=1-s2.0-S1877858522000055-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89534943","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}
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}