Journal of Family Business Strategy最新文献_第2页

Strategy disclosure and cost of capital: The key role of women directors for family firms 战略披露与资本成本：女性董事对家族企业的关键作用

IF 7.2 1区管理学

Journal of Family Business Strategy Pub Date : 2024-06-01 DOI: 10.1016/j.jfbs.2023.100570

Rafaela Gjergji , Luigi Vena , Giovanna Campopiano , Salvatore Sciascia , Alessandro Cortesi

{"title":"Strategy disclosure and cost of capital: The key role of women directors for family firms","authors":"Rafaela Gjergji , Luigi Vena , Giovanna Campopiano , Salvatore Sciascia , Alessandro Cortesi","doi":"10.1016/j.jfbs.2023.100570","DOIUrl":"10.1016/j.jfbs.2023.100570","url":null,"abstract":"<div><p>This paper investigates whether and to what extent strategy disclosure influences the cost of capital, comparing family and non-family firms and considering the proportion of women directors. We theorize that voluntary strategy disclosure may be either beneficial or detrimental depending on the perceptions by financial stakeholders about the role of governance attributes. These stakeholders might, indeed, assess strategy disclosure differently based on their stereotyped view of the family firm status and women’s involvement on the board of directors. By referring to a sample of 93 listed Italian small and medium-sized enterprises, we show that, unlike with their non-family counterparts, strategy disclosure increases the cost of capital for family firms. However, an increasing proportion of women directors softens this negative effect. Moreover, when a critical mass of women directors is appointed to the board, the strategy disclosure becomes beneficial for family firms too. We consequently offer a threefold contribution to the literature on gender diversity, family business and corporate voluntary disclosure.</p></div>","PeriodicalId":47661,"journal":{"name":"Journal of Family Business Strategy","volume":"15 2","pages":"Article 100570"},"PeriodicalIF":7.2,"publicationDate":"2024-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78799298","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: 0

Board diversity in family firms across cultures: A contingency analysis on the effects of gender and tenure diversity on firm performance 不同文化背景下家族企业董事会的多样性：性别和任期多样性对公司业绩影响的权变分析

IF 7.2 1区管理学

Journal of Family Business Strategy Pub Date : 2024-06-01 DOI: 10.1016/j.jfbs.2023.100554

Martin Tao-Schuchardt, Nadine Kammerlander

{"title":"Board diversity in family firms across cultures: A contingency analysis on the effects of gender and tenure diversity on firm performance","authors":"Martin Tao-Schuchardt, Nadine Kammerlander","doi":"10.1016/j.jfbs.2023.100554","DOIUrl":"10.1016/j.jfbs.2023.100554","url":null,"abstract":"<div><p>The initial work on family firm diversity research argued that family influence negatively moderates the board diversity–financial firm performance relationship, whereas more recent empirical evidence has suggested the opposite. Drawing on upper echelons theory, we investigate national culture (i.e., the degree of masculinity in the country of the firm) as a contingency factor influencing how tenure and gender board diversity translate into superior or inferior financial performance in family and non-family firms. Our analyses of 4192 firm-year observations of publicly listed European firms support most of our hypotheses. Our results show that the positive direct financial performance effects of tenure diversity are weakened in family firms, suggesting that the larger differences in values, goals, experiences, and power among family and non-family board members may suppress the benefits of cognitive variety. Furthermore, our results support that the degree of masculinity is an important factor moderating the diversity-family firm-financial firm performance relationship for gender and tenure diversity. We thereby advance diversity research in family firms to explain under what conditions positive or negative diversity effects prevail by introducing national culture as a novel contingency factor that may help to reconcile prior conflicting findings.</p></div>","PeriodicalId":47661,"journal":{"name":"Journal of Family Business Strategy","volume":"15 2","pages":"Article 100554"},"PeriodicalIF":7.2,"publicationDate":"2024-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82356969","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: 0

Political embeddedness, socioemotional wealth, and R&D investment in family firms: Evidence from China as a transition economy 家族企业的政治嵌入、社会情感财富和研发投资：来自转型经济体中国的证据

IF 9.5 1区管理学

Journal of Family Business Strategy Pub Date : 2024-05-22 DOI: 10.1016/j.jfbs.2024.100619

引用次数: 0

Untangling the yarn: A contextualization of human resource management to the family firm setting 解开纱线：将人力资源管理融入家族企业环境中

IF 9.5 1区管理学

Journal of Family Business Strategy Pub Date : 2024-05-17 DOI: 10.1016/j.jfbs.2024.100621

引用次数: 0

A gendered examination of heroic self-concept and letting go by family firm leaders 对家族企业领导者的英雄自我概念和放手的性别研究

IF 9.5 1区管理学

Journal of Family Business Strategy Pub Date : 2024-05-14 DOI: 10.1016/j.jfbs.2024.100622

引用次数: 0

A multi-level model of family enterprise corruption 家族企业腐败的多层次模式

IF 9.5 1区管理学

Journal of Family Business Strategy Pub Date : 2024-04-27 DOI: 10.1016/j.jfbs.2024.100620

Isabelle Le Breton-Miller, Danny Miller

引用次数: 0

Graduating college students apply here: Communicating family firm ownership and firm size 即将毕业的大学生在此申请：宣传家族企业所有权和企业规模

IF 7.2 1区管理学

Journal of Family Business Strategy Pub Date : 2024-03-01 DOI: 10.1016/j.jfbs.2022.100535

Orlando Llanos-Contreras , Manuel Alonso-Dos-Santos , Dianne H.B. Welsh

{"title":"Graduating college students apply here: Communicating family firm ownership and firm size","authors":"Orlando Llanos-Contreras , Manuel Alonso-Dos-Santos , Dianne H.B. Welsh","doi":"10.1016/j.jfbs.2022.100535","DOIUrl":"10.1016/j.jfbs.2022.100535","url":null,"abstract":"<div><p>Attracting business college graduates is a major challenge for the growth and transgenerational success of family firms. Moreover, the institutional context of countries is critical in explaining family firms’ potential advantages and/or disadvantages in attracting nonfamily talent. This study aims to elucidate how communicating firm ownership (family vs. nonfamily), firm size (large vs. small), and type of job offered (professional vs. nonprofessional) influences the perceptions and attitudes of Latin American business graduates toward working in such firms. In an experimental study that uses job advertisement stimuli, we found that communicating family ownership positively influences career development’s perceptions of firm prestige. Large (vs. small) firm size also has a positive influence on job seekers’ perceptions of firms. Importantly, both firm prestige and career development positively influence the attraction of working in family firms. In this paper, we discuss the differences in the results among countries and professional vs. nonprofessional job positions advertised. The results have several implications for family firm owners and managers.</p></div>","PeriodicalId":47661,"journal":{"name":"Journal of Family Business Strategy","volume":"15 1","pages":"Article 100535"},"PeriodicalIF":7.2,"publicationDate":"2024-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78493764","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: 0

The role of the family and the institutional context for ambidexterity in Latin American family firms 拉美家族企业中家族的作用和灵活性的制度背景

IF 7.2 1区管理学

Journal of Family Business Strategy Pub Date : 2024-03-01 DOI: 10.1016/j.jfbs.2023.100567

Fernanda Canale , Claudio Müller , Eddy Laveren , Bart Cambré

{"title":"The role of the family and the institutional context for ambidexterity in Latin American family firms","authors":"Fernanda Canale , Claudio Müller , Eddy Laveren , Bart Cambré","doi":"10.1016/j.jfbs.2023.100567","DOIUrl":"10.1016/j.jfbs.2023.100567","url":null,"abstract":"<div><p>Organizational ambidexterity —the ability to simultaneously engage in exploration and exploitation— is an important characteristic of firms that are interested in pursuing continuity. One of the prevalent goals of family firms is continuity. Thus, there is great interest in understanding ambidexterity and the factors that promote this behavior within family firms. Although there is some research that has explored this topic, there is a limited understanding regarding which family factors drive ambidexterity, how they influence it, and the role of the context in this process. We conducted a study with 21 Latin American family firms to better understand the family factors that play a role in the strategic orientation towards ambidexterity of family firms and the conditions under which these family factors matter. Our findings indicate that family maturity and family social responsibility are two family factors that drive the ambidextrous orientation of family firms when they help the family business develop dynamic capabilities. Additionally, the institutional context also influences how business families implement and use these capabilities to enhance their ambidextrous orientations. We discuss the implications of our findings for theory and future research.</p></div>","PeriodicalId":47661,"journal":{"name":"Journal of Family Business Strategy","volume":"15 1","pages":"Article 100567"},"PeriodicalIF":7.2,"publicationDate":"2024-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75251438","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: 0

Women’s entrepreneurial stewardship: The contribution of women to family business continuity in rural areas of Honduras 妇女的创业管理：洪都拉斯农村地区妇女对家族企业持续发展的贡献

IF 7.2 1区管理学

Journal of Family Business Strategy Pub Date : 2024-03-01 DOI: 10.1016/j.jfbs.2022.100505

Allan Discua Cruz , Eleanor Hamilton , Giovanna Campopiano , Sarah L. Jack

{"title":"Women’s entrepreneurial stewardship: The contribution of women to family business continuity in rural areas of Honduras","authors":"Allan Discua Cruz , Eleanor Hamilton , Giovanna Campopiano , Sarah L. Jack","doi":"10.1016/j.jfbs.2022.100505","DOIUrl":"10.1016/j.jfbs.2022.100505","url":null,"abstract":"<div><p>This paper examines the role of women in family business. Prior studies suggest that in Latin America the contribution of women in family business remains largely hidden, often relegated to a supportive role. Drawing on an entrepreneurial stewardship perspective, this study challenges that perception, paying close attention to the contribution of women to family business continuity. This study relies on a multiple case study design, and uses a critical approach to examine family businesses in rural areas of Honduras. We find that gendered norms are fluid, as women’s roles are multi-faceted being simultaneously influenced by household and family business logics. Thus, the contribution of women emerges specifically in terms of embracing a stewarding role, nurturing resilience, and shaping family and business networks. What our findings point to is that the contribution of women to the continuity of family businesses in Latin America, previously perceived as invisible and/or disguised, is enacted through a formal and visible managerial role, as well as an informal and discreet stewarding role. Implications for theory and practice, as well as opportunities for future research, are offered.</p></div>","PeriodicalId":47661,"journal":{"name":"Journal of Family Business Strategy","volume":"15 1","pages":"Article 100505"},"PeriodicalIF":7.2,"publicationDate":"2024-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1877858522000237/pdfft?md5=43c22d8265fa7364e78795d4dda49779&pid=1-s2.0-S1877858522000237-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76693621","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: 0

What makes Latin American family firms different? Moving beyond cross-cultural comparisons 拉美家族企业有何不同？超越跨文化比较

IF 7.2 1区管理学

Journal of Family Business Strategy Pub Date : 2024-03-01 DOI: 10.1016/j.jfbs.2023.100605

Pedro Vazquez , Isabel C. Botero , Unai Arzubiaga , Esra Memili

引用次数: 0