Journal of Family Business Strategy最新文献

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Successful family firm succession: Transferring external social capital to a shared-leadership team of siblings 成功的家族企业继承:将外部社会资本转移到兄弟姐妹共同领导的团队
IF 7.2 1区 管理学
Journal of Family Business Strategy Pub Date : 2022-09-01 DOI: 10.1016/j.jfbs.2021.100467
Luis Cisneros , Bérangère Deschamps , Gabriel M. Chirita , Sébastien Geindre
{"title":"Successful family firm succession: Transferring external social capital to a shared-leadership team of siblings","authors":"Luis Cisneros ,&nbsp;Bérangère Deschamps ,&nbsp;Gabriel M. Chirita ,&nbsp;Sébastien Geindre","doi":"10.1016/j.jfbs.2021.100467","DOIUrl":"10.1016/j.jfbs.2021.100467","url":null,"abstract":"<div><p>Studies on succession in family business have recognized the importance of the transfer of social capital to ensure a firm’s continuity and growth. However, although previous research has focused on succession as a one-to-one phenomenon, more and more successions in the real world are collective successions. Therefore, this study focuses on the transfer of external social capital (ESC) from a predecessor to a team of siblings because succession to a shared-leadership team changes the traditional way of transferring ESC. Using a qualitative analysis of six Canadian family companies, we show how a sibling succession process evolves for ESC transfer. We also demonstrate how predecessors transfer operational ESC on an individual basis and strategic ESC on a collective basis to the shared-leadership team. The findings also explain how successors acquire their predecessors’ ESC and use their own ESC to renew firm ESC. Those outcomes are summarized in seven propositions.</p></div>","PeriodicalId":47661,"journal":{"name":"Journal of Family Business Strategy","volume":"13 3","pages":"Article 100467"},"PeriodicalIF":7.2,"publicationDate":"2022-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75233998","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: 6
Strings attached: Socioemotional wealth mixed gambles in the cash management choices of family firms 附加条件:家族企业现金管理选择中的社会情感财富混合赌博
IF 7.2 1区 管理学
Journal of Family Business Strategy Pub Date : 2022-09-01 DOI: 10.1016/j.jfbs.2021.100466
Domenico Rocco Cambrea , Yuliya Ponomareva , Daniel Pittino , Alessandro Minichilli
{"title":"Strings attached: Socioemotional wealth mixed gambles in the cash management choices of family firms","authors":"Domenico Rocco Cambrea ,&nbsp;Yuliya Ponomareva ,&nbsp;Daniel Pittino ,&nbsp;Alessandro Minichilli","doi":"10.1016/j.jfbs.2021.100466","DOIUrl":"10.1016/j.jfbs.2021.100466","url":null,"abstract":"<div><p>Family owners differ from other types of owners due to the presence of socioemotional wealth (SEW) concerns. We take a closer look at this distinctive aspect by examining the impact of family control and influence dimension of SEW on the cash management choices of family firms, conceptualizing it as a mixed gamble choice. Our empirical analysis of 195 Italian firms listed on the Milan Stock Exchange between 2003 and 2015 shows that family firms derive more value and incur lower costs than nonfamily firms when they increase their cash holdings. We then delve deeper into family firms’ cash management choices by exploring how different levels of family control and influence as well as types of board governance arrangements moderate this relationship. The empirical results indicate that the positive effects of family ownership are more pronounced under a high level of family control and influence and with separation of the board chair and CEO positions.</p></div>","PeriodicalId":47661,"journal":{"name":"Journal of Family Business Strategy","volume":"13 3","pages":"Article 100466"},"PeriodicalIF":7.2,"publicationDate":"2022-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1877858521000474/pdfft?md5=cb2cffcd258065a537bd2310dbe06f69&pid=1-s2.0-S1877858521000474-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78642685","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: 9
Family firm succession through the lens of technology intelligence 从技术智能的角度看家族企业的继承
IF 7.2 1区 管理学
Journal of Family Business Strategy Pub Date : 2022-06-01 DOI: 10.1016/j.jfbs.2022.100485
Moren Lévesque , Annapoornima M. Subramanian
{"title":"Family firm succession through the lens of technology intelligence","authors":"Moren Lévesque ,&nbsp;Annapoornima M. Subramanian","doi":"10.1016/j.jfbs.2022.100485","DOIUrl":"10.1016/j.jfbs.2022.100485","url":null,"abstract":"<div><p>Succession is often a critical event in the lifecycle of any organization. Consequently, an extensive body of literature explores family firm succession, and includes studies on integrated succession frameworks. Notwithstanding the large, illuminating body of literature, we believe that family firm succession is worth a fresh reexamination and consolidation to translate the findings into a powerful planning and communication tool, especially as all firms are facing a ‘new normal’ and their leaders are seeking novel perspectives and approaches amidst the COVID-19 disruption. We thus offer a systemic and systematic framework for family firm succession planning, incorporating ideas from the technology intelligence literature. Since relationship building can ease the succession process and relationships are built through communication, we also present a succession roadmap as a communication tool that can assist in making this process part of the regular business routines.</p></div>","PeriodicalId":47661,"journal":{"name":"Journal of Family Business Strategy","volume":"13 2","pages":"Article 100485"},"PeriodicalIF":7.2,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80110404","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: 8
Benefitting from benefits—A comparison of employee satisfaction in family and non-family firms 受益于利益——家族企业与非家族企业员工满意度的比较
IF 7.2 1区 管理学
Journal of Family Business Strategy Pub Date : 2022-06-01 DOI: 10.1016/j.jfbs.2020.100351
Stephanie Querbach , Matthias Waldkirch , Nadine Kammerlander
{"title":"Benefitting from benefits—A comparison of employee satisfaction in family and non-family firms","authors":"Stephanie Querbach ,&nbsp;Matthias Waldkirch ,&nbsp;Nadine Kammerlander","doi":"10.1016/j.jfbs.2020.100351","DOIUrl":"10.1016/j.jfbs.2020.100351","url":null,"abstract":"<div><p>Job benefits can raise employee satisfaction and thus contribute to a firm’s overall success. However, little is known about how job benefits impact employee satisfaction across different forms of organizations. In this study, we argue that family and non-family firms differ in their social exchange systems and that the fit between the prevalent social exchange system and three types of job benefits (i.e., job benefits of care, status, and life quality) offered to employees influences the extent to which job benefits affect employee satisfaction. We build on a dataset of 2,180 German family and non-family firms gathered from an online employer review platform (Kununu) to test our hypotheses. Results show that job benefits of care lead to more employee satisfaction in family firms, while non-family firms profit more in terms of employee satisfaction from job benefits of life quality. Counterintuitively, we find that job benefits of status lead to higher employee satisfaction in family firms. We contribute to the knowledge on family firms as employers as well as job benefits and employee satisfaction.</p></div>","PeriodicalId":47661,"journal":{"name":"Journal of Family Business Strategy","volume":"13 2","pages":"Article 100351"},"PeriodicalIF":7.2,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.jfbs.2020.100351","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83093350","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: 14
Exploring the future of family enterprise research through a social science lens 从社会科学的角度探讨家族企业研究的未来
IF 7.2 1区 管理学
Journal of Family Business Strategy Pub Date : 2022-06-01 DOI: 10.1016/j.jfbs.2022.100504
Justin B. Craig , Scott L. Newbert
{"title":"Exploring the future of family enterprise research through a social science lens","authors":"Justin B. Craig ,&nbsp;Scott L. Newbert","doi":"10.1016/j.jfbs.2022.100504","DOIUrl":"https://doi.org/10.1016/j.jfbs.2022.100504","url":null,"abstract":"<div><p>While evidence that contradicts a discipline’s hard core assumptions is essential to scientific progress, its accumulation is made difficult by the protective nature of the middle range theories that protect it. For this reason, progress tends to be most common in response to external shocks that expose the limitations of traditional ways of thinking. Given the impact COVID-19 has had on our collective understanding of business (family or otherwise), we propose that evidence against the hard core has reached the point where new thinking is necessary if we are to advance the field in productive ways. As the authors in this special issue demonstrate, such progress can be made by leveraging our intellectual roots in the social sciences. By looking to fields such as anthropology, sociology, jurisprudence, political science, and economics for inspiration, these authors use the current crisis as an opportunity to envision the future of family business scholarship.</p></div>","PeriodicalId":47661,"journal":{"name":"Journal of Family Business Strategy","volume":"13 2","pages":"Article 100504"},"PeriodicalIF":7.2,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"137070415","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
Family business, community embeddedness, and civic wealth creation 家族企业、社区嵌入和公民财富创造
IF 7.2 1区 管理学
Journal of Family Business Strategy Pub Date : 2022-06-01 DOI: 10.1016/j.jfbs.2021.100469
G.T. Lumpkin , Sophie Bacq
{"title":"Family business, community embeddedness, and civic wealth creation","authors":"G.T. Lumpkin ,&nbsp;Sophie Bacq","doi":"10.1016/j.jfbs.2021.100469","DOIUrl":"10.1016/j.jfbs.2021.100469","url":null,"abstract":"<div><p>Family businesses exhibit a strong commitment to address societal challenges and social ills with direct consequences for the neighborhoods, cities, and regions where the businesses are located. In this article, we link these community-minded activities to the idea of <em>civic wealth creation</em> (CWC), a term that captures the local flavor of many positive social change efforts being launched to improve and empower communities. Because of their high degree of <em>community embeddedness</em> (CE), that is, the extent to which an organization is associated with, relies on, and perceives a commitment to its community, we argue that family businesses are especially effective civic wealth creators. To illustrate, we present two examples of the CE–CWC relationship—Bush Brothers &amp; Company in the U.S., and a cluster of Mittelstand companies in Attendorn, Germany. We discuss the practical implications of CE for family businesses and address several future research avenues for investigating CE and the CWC of family firms.</p></div>","PeriodicalId":47661,"journal":{"name":"Journal of Family Business Strategy","volume":"13 2","pages":"Article 100469"},"PeriodicalIF":7.2,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88271705","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: 11
Family leadership, family involvement and mutuality HRM practices in family SMEs 家族型中小企业的家族领导、家族参与与互助型人力资源管理实践
IF 7.2 1区 管理学
Journal of Family Business Strategy Pub Date : 2022-06-01 DOI: 10.1016/j.jfbs.2021.100468
Giulia Flamini , Daniel Pittino , Francesca Visintin
{"title":"Family leadership, family involvement and mutuality HRM practices in family SMEs","authors":"Giulia Flamini ,&nbsp;Daniel Pittino ,&nbsp;Francesca Visintin","doi":"10.1016/j.jfbs.2021.100468","DOIUrl":"10.1016/j.jfbs.2021.100468","url":null,"abstract":"<div><p>In the present study we argue that a more fine-grained perspective, taking into account different situations of family members’ involvement and the actual implementation of HRM practices and policies, is needed to provide an accurate picture of family firms as employers. Our study is carried out on a unique sample of 849 family firms in Italy and focuses on the conditions and consequences of adopting mutuality-promoting HRM practices in the family business context.</p></div>","PeriodicalId":47661,"journal":{"name":"Journal of Family Business Strategy","volume":"13 2","pages":"Article 100468"},"PeriodicalIF":7.2,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82377809","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: 8
Family business and business family questions in the 21st century: Who develops SEW, how do family members create value, and who belongs to the family? 21世纪的家族企业和企业家族问题:谁开发SEW,家族成员如何创造价值,谁属于家族?
IF 7.2 1区 管理学
Journal of Family Business Strategy Pub Date : 2022-06-01 DOI: 10.1016/j.jfbs.2021.100470
Nadine Kammerlander
{"title":"Family business and business family questions in the 21st century: Who develops SEW, how do family members create value, and who belongs to the family?","authors":"Nadine Kammerlander","doi":"10.1016/j.jfbs.2021.100470","DOIUrl":"10.1016/j.jfbs.2021.100470","url":null,"abstract":"<div><p>Family firm research has made substantial progress in recent years, contributing, for instance, to knowledge on family firm succession, innovation, and performance. In this essay, it is proposed that some important – ‘grand’ – questions become increasingly salient and need to be answered by family business scholars. These include the following: How exclusive is socioemotional wealth (SEW) to family owners, and which elements (if any) could be transferred to other settings? What are the different ways that family members can create value for their family businesses in the 21<sup>st</sup> century? What is the 21<sup>st</sup> century ‘version’ of a family, and what roles do other individuals, such as close friends, play? Each of these questions is motivated based on practical observations and examples from prior studies and some initial thoughts and insights are provided, with the hope of encouraging fellow researchers to find answers to the questions.</p></div>","PeriodicalId":47661,"journal":{"name":"Journal of Family Business Strategy","volume":"13 2","pages":"Article 100470"},"PeriodicalIF":7.2,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79383925","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: 17
Editor’s note Editor’s音符
IF 7.2 1区 管理学
Journal of Family Business Strategy Pub Date : 2022-06-01 DOI: 10.1016/j.jfbs.2022.100506
Torsten M. Pieper
{"title":"Editor’s note","authors":"Torsten M. Pieper","doi":"10.1016/j.jfbs.2022.100506","DOIUrl":"https://doi.org/10.1016/j.jfbs.2022.100506","url":null,"abstract":"","PeriodicalId":47661,"journal":{"name":"Journal of Family Business Strategy","volume":"13 2","pages":"Article 100506"},"PeriodicalIF":7.2,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"137069999","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
One for all, all for one: A mutual gains perspective on HRM and innovation management practices in family firms 我为人人,人人为我:家族企业人力资源管理与创新管理实践的互惠视角
IF 7.2 1区 管理学
Journal of Family Business Strategy Pub Date : 2022-06-01 DOI: 10.1016/j.jfbs.2020.100394
Emanuela Rondi , Ruth Überbacher , Leopold von Schlenk-Barnsdorf , Alfredo De Massis , Marcel Hülsbeck
{"title":"One for all, all for one: A mutual gains perspective on HRM and innovation management practices in family firms","authors":"Emanuela Rondi ,&nbsp;Ruth Überbacher ,&nbsp;Leopold von Schlenk-Barnsdorf ,&nbsp;Alfredo De Massis ,&nbsp;Marcel Hülsbeck","doi":"10.1016/j.jfbs.2020.100394","DOIUrl":"10.1016/j.jfbs.2020.100394","url":null,"abstract":"<div><p>The aspiration to thrive in the long run is among the most distinctive traits of family firms. On the one hand, a long-term view can spur the family firm to plan and secure its human resources (HR), thereby attracting local employees seeking stability, and retaining them for decades. On the other hand, low employee turnover can be a barrier to innovation, which is needed to survive and compete in the long run. Nevertheless, numerous family firms are renowned for being simultaneously excellent employers and outstanding innovators. Therefore, how can a long-term oriented family firm nurture its employees while pursuing innovation? We conducted a longitudinal case study on Carl Schlenk AG, a fourth-generation family firm consistently awarded for both its HR management (HRM) and innovation initiatives. Our investigation led us to identify distinct family firm characteristics of credibility, solidarity, and loyalty which engender a unique virtuous cycle of reciprocal reinforcement between sophisticated HRM and innovation practices, ultimately fostering mutual gains for the family firm and its employees. We offer contributions to HRM and innovation management research in the context of family firms and beyond.</p></div>","PeriodicalId":47661,"journal":{"name":"Journal of Family Business Strategy","volume":"13 2","pages":"Article 100394"},"PeriodicalIF":7.2,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.jfbs.2020.100394","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74587887","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: 28
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