{"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}
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}
Pedro Vazquez , Isabel C. Botero , Unai Arzubiaga , Esra Memili
{"title":"What makes Latin American family firms different? Moving beyond cross-cultural comparisons","authors":"Pedro Vazquez , Isabel C. Botero , Unai Arzubiaga , Esra Memili","doi":"10.1016/j.jfbs.2023.100605","DOIUrl":"10.1016/j.jfbs.2023.100605","url":null,"abstract":"<div><p>This editorial introduces the special issue on “Family Business in Latin America”. We argue that the cultural context plays an important role as a source of heterogeneity of family firms. Thus, in this introductory piece, we describe the Latin American cultural context and explain how and why it creates a unique environment that requires family firms to behave differently. We build on past research as well as on the four articles published in this special issue. The goal is to stimulate further research on Latin American family firms, what makes them unique, and what we can learn from this context that may be useful in other cultural environments.</p></div>","PeriodicalId":47661,"journal":{"name":"Journal of Family Business Strategy","volume":"15 1","pages":"Article 100605"},"PeriodicalIF":7.2,"publicationDate":"2024-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139517008","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}
Luis R. Gomez-Mejia , Anabel Mendoza-Lopez , Cristina Cruz , Patricio Duran , Herman Aguinis
{"title":"Socioemotional wealth in volatile, uncertain, complex, and ambiguous contexts: The case of family firms in Latin America and the Caribbean","authors":"Luis R. Gomez-Mejia , Anabel Mendoza-Lopez , Cristina Cruz , Patricio Duran , Herman Aguinis","doi":"10.1016/j.jfbs.2022.100551","DOIUrl":"10.1016/j.jfbs.2022.100551","url":null,"abstract":"<div><p>The paradoxical nature of Latin America and the Caribbean (LAC) provides unique opportunities to advance management theory. Focusing on a dominant theoretical framework, Socioemotional Wealth (SEW), we argue that contextual features of LAC, namely the concept of extended family and the volatile, uncertain, complex, and ambiguous (VUCA) environment, make family businesses “SEW intensive” (i.e., high degree of preservation and enhancement of various aspects of SEW) and “SEW sensitive” (i.e., high degree of firm responsiveness to external factors that are SEW-relevant). In turn, these SEW features influence decision making and approaches to dealing with performance hazards and venturing risks. While we use LAC as a specific context, our theorizing and 12 propositions are also relevant to guide future research on other regions of the world, such as parts of Africa, Asia, and the Middle East, where the concept of extended family is widespread and a VUCA environment is also predominant. Overall, we use the characteristics of the LAC context to challenge existing assumptions, advance theory, and guide future empirical research on family businesses.</p></div>","PeriodicalId":47661,"journal":{"name":"Journal of Family Business Strategy","volume":"15 1","pages":"Article 100551"},"PeriodicalIF":7.2,"publicationDate":"2024-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1877858522000754/pdfft?md5=0054bf5732c8e5799e71d200eeb4ee2e&pid=1-s2.0-S1877858522000754-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79623052","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":"The impact of managers' personality on task and relationship conflict: The moderating role of family and non-family business status","authors":"","doi":"10.1016/j.jfbs.2024.100606","DOIUrl":"10.1016/j.jfbs.2024.100606","url":null,"abstract":"<div><p>When it comes to organizational conflict in (small) family businesses, managers’ personality has received little attention. We investigated the relationship between managers’ personality traits (Big Five) and their perceptions of task conflict and relationship conflict in two types of firms (family vs. non-family business). We collected data from 103 managers in small firms (56 family firms and 47 non-family firms) in Ecuador. Our findings show that family firms have less relationship conflict compared to non-family firms. Managers’ personality seems to play a key role in perceiving conflicts. Particularly, managers’ openness and extraversion are related to less perceived conflict. Introverted managers in non-family businesses perceive more relationship conflict than those in family businesses. Implications for theory and practice are discussed.</p></div>","PeriodicalId":47661,"journal":{"name":"Journal of Family Business Strategy","volume":"15 3","pages":"Article 100606"},"PeriodicalIF":9.5,"publicationDate":"2024-02-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139886309","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":"Capital structure of single family office-owned firms","authors":"","doi":"10.1016/j.jfbs.2023.100596","DOIUrl":"10.1016/j.jfbs.2023.100596","url":null,"abstract":"<div><p><span>Single family offices (SFOs) manage trillions of dollars worldwide. The enormous value of assets under management highlights their key role as a cohesive wealth management tool globally. Despite the increasing relevance of SFOs, research on SFOs is still in its early stages. Particularly little is known about the capital structure of the firms owned by SFOs. By drawing on a hand-collected sample of 173 SFO-owned firms in the DACH (Germany, Austria, Switzerland) region, we compare the capital structure of SFO-owned firms with the capital structure of family-owned firms. Our empirical results show that SFO-owned firms display a higher </span><em>long</em><span>-term debt ratio than family-owned firms, indicating that SFO-owned firms follow trade-off theory, similar to private equity-owned firms. Additionally, we show that this effect is stronger for SFOs that sold their original family firm. In contrast, family-owned firms tend to be more conservative in their financial decision-making and seem to follow the logic of the pecking order theory.</span></p></div>","PeriodicalId":47661,"journal":{"name":"Journal of Family Business Strategy","volume":"15 3","pages":"Article 100596"},"PeriodicalIF":9.5,"publicationDate":"2023-11-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138508262","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":"The role of emotional labor and display latitude in preserving socioemotional wealth in family businesses","authors":"","doi":"10.1016/j.jfbs.2023.100594","DOIUrl":"10.1016/j.jfbs.2023.100594","url":null,"abstract":"<div><p><span>Research on emotions is gaining momentum in the family business literature. However, the literature remains unclear on the psychological foundations of how managing one’s emotions can contribute to socioemotional wealth goals in a family business. We contribute to the study on emotions in the family business literature by linking the ‘Socioemotional Wealth’ (hereafter ‘SEW’) perspective with the ‘Emotional Labor’ concept to elaborate on the </span>microfoundations of SEW. Following an interpretive qualitative methodology, abductive data analysis was conducted using thematic analysis techniques with over fifteen hours of interview material collected from family business owners/members. Results indicated that family members’ perception of SEW objectives and their emotional labor are linked and that this relationship has utility in the preservation of SEW. We also found that, when exercised inappropriately, latitude in emotional displays, also known as ‘display latitude’, could potentially deplete SEW. Our findings extend the family business literature on emotion management and contribute to our understanding of the emotions-related mechanisms associated with SEW preservation and depletion in family firms. Our results have practical implications for family businesses regarding the need for family members to strike a balance between emotional labor and display latitude for the sake of preserving SEW.</p></div>","PeriodicalId":47661,"journal":{"name":"Journal of Family Business Strategy","volume":"15 3","pages":"Article 100594"},"PeriodicalIF":9.5,"publicationDate":"2023-11-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135614139","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":"Stop... Just stop! The use and misuse of methodological template prescriptions in qualitative family business research and ways forward","authors":"","doi":"10.1016/j.jfbs.2023.100595","DOIUrl":"10.1016/j.jfbs.2023.100595","url":null,"abstract":"<div><p>Qualitative research can offer meaningful insights into the complexities of family businesses and inspire and inform theory development in family business as well as other fields. Unlike in quantitative approaches, there are no general standards for conducting and reporting qualitative research. In lieu of such standards, following templates in previously published papers has become a popular means of establishing a certain level of standardization in qualitative research. However, recent discussions about the detriments of mindless template use have highlighted the dangers of inappropriate standardization for research quality of qualitative research. This article raises awareness of the challenges and inherent risks of template prescriptions in qualitative family business research and proposes alternative avenues going forward. Scholars, as well as journal editors and reviewers, may take inspiration and orientation from these alternatives to harness the diversity and core strengths of qualitative family business research without enforcing generalized standards.</p></div>","PeriodicalId":47661,"journal":{"name":"Journal of Family Business Strategy","volume":"15 3","pages":"Article 100595"},"PeriodicalIF":9.5,"publicationDate":"2023-11-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S187785852300044X/pdfft?md5=9ebbcb85211a8527dd6ace492946c50f&pid=1-s2.0-S187785852300044X-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135514884","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}
Josep Llach , Valeriano Sanchez-Famoso , Sharon M. Danes
{"title":"Unmasking nonfamily employees’ complex contribution to family business performance: A place identity theory approach","authors":"Josep Llach , Valeriano Sanchez-Famoso , Sharon M. Danes","doi":"10.1016/j.jfbs.2023.100593","DOIUrl":"10.1016/j.jfbs.2023.100593","url":null,"abstract":"<div><p>The study purpose is to understand the nature and functioning of workplace identity verification of nonfamily employees in family firms as it affects financial and innovation performance of the family firm under the umbrella of Place Identity Theory. Creating a productive employee workplace environment involves verifying elements of a workplace identity meaning set composed of firm identification, firm loyalty, and decision making participation. QCA provides combinations of those workplace identity elements that create the greatest potential for financial and innovation performance. Interactional combinations of firm identification, firm loyalty, and decision making participation of family firm nonfamily employees creating the greatest potential for financial and innovation performance vary by firm age and CEO duality. Complementarity between SEM and QCA demonstrates the benefits of using a mainstream quantitative analysis method with the benefits of an emerging qualitative analysis method, thus, expanding Place Identity Theory's descriptive, predictive, and explanatory power.</p></div>","PeriodicalId":47661,"journal":{"name":"Journal of Family Business Strategy","volume":"14 4","pages":"Article 100593"},"PeriodicalIF":7.2,"publicationDate":"2023-09-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1877858523000426/pdfft?md5=5748c158628696e4fb1f9dedd13d113d&pid=1-s2.0-S1877858523000426-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135388762","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}
Howard E. Aldrich , Sharon A. Alvarez , Mara Brumana , Giovanna Campopiano , Tommaso Minola
{"title":"Entrepreneurship in family firms: What’s next? Multilevel embeddedness and individuals’ cognition","authors":"Howard E. Aldrich , Sharon A. Alvarez , Mara Brumana , Giovanna Campopiano , Tommaso Minola","doi":"10.1016/j.jfbs.2023.100583","DOIUrl":"https://doi.org/10.1016/j.jfbs.2023.100583","url":null,"abstract":"<div><p>This special issue contributes to the literature on entrepreneurship in family firms by leveraging the family embeddedness perspective. In doing so, the papers of the special issue bridge entrepreneurship at firm level with analyses at the individual and the enterprising family levels. Starting from and extending such contributions, in this introductory article we offer a “multilevel” embeddedness perspective on entrepreneurship in family firms. We do so first by considering that, in family firms, each individual's cognition ultimately depends on whether they belong to the enterprising family, and whether and how they are active in the family business. Second, we advance that individual entrepreneurial orientation is a key cognitive factor resulting from the multilevel embeddedness and bridging it with entrepreneurship at firm level. We derive theoretical implications for entrepreneurship in family business and highlight avenues for future research.</p></div>","PeriodicalId":47661,"journal":{"name":"Journal of Family Business Strategy","volume":"14 3","pages":"Article 100583"},"PeriodicalIF":7.2,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49869777","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}