James G. Combs, R. Gentry, Sean Lux, Peter Jaskiewicz, T. R. Crook
{"title":"Corporate Political Activity and Sensitivity to Social Attacks: The Case of Family-Managed Firms","authors":"James G. Combs, R. Gentry, Sean Lux, Peter Jaskiewicz, T. R. Crook","doi":"10.1177/0894486519899578","DOIUrl":"https://doi.org/10.1177/0894486519899578","url":null,"abstract":"Family-managed firms take actions to protect their reputations. We theorize that one such action involves avoiding corporate political activity (CPA) that expose firms to social attack, especially when also invested in corporate social responsibility. Because large firms are frequent targets for social attack, the same sensitivity that encourages most family managers to avoid CPA encourages it among the largest as a buffer. Supportive analysis of Standard and Poor’s 500 firms shows that family-managed firms spend, on average, 86% less on CPA, even less when invested in substantive corporate social responsibility. The largest invest as much or more in CPA as nonfamily peers.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"33 1","pages":"152 - 174"},"PeriodicalIF":8.8,"publicationDate":"2020-01-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0894486519899578","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42276169","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}
Nava Michael-Tsabari, M. Houshmand, Vanessa M. Strike, Dorit Efrat Treister
{"title":"Uncovering Implicit Assumptions: Reviewing the Work–Family Interface in Family Business and Offering Opportunities for Future Research","authors":"Nava Michael-Tsabari, M. Houshmand, Vanessa M. Strike, Dorit Efrat Treister","doi":"10.1177/0894486519899789","DOIUrl":"https://doi.org/10.1177/0894486519899789","url":null,"abstract":"The work–family interface (WFI) in family businesses (FBs) is an underrecognized area of research. The permeable nature of the boundaries in FBs between work and family is often treated as self-evident and as preventing (rather than inviting) research. We review the WFI in FBs based on 72 published articles and highlight implicit assumptions that have given rise to gaps in this literature. We show how boundary theory, the work–home resources model and the resource-based view can be used to highlight issues related to ownership, work–family enrichment, and contextual factors at the individual, family, and firm domains.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"33 1","pages":"64 - 89"},"PeriodicalIF":8.8,"publicationDate":"2020-01-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0894486519899789","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42085050","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}
Marylène Gagné, C. Marwick, Stéphanie Brun de Pontet, C. Wrosch
{"title":"Family Business Succession: What’s Motivation Got to Do With It?","authors":"Marylène Gagné, C. Marwick, Stéphanie Brun de Pontet, C. Wrosch","doi":"10.1177/0894486519894759","DOIUrl":"https://doi.org/10.1177/0894486519894759","url":null,"abstract":"Family businesses represent 80% of global business structures, but the low rate of successful transgenerational succession can have drastic implications for employees and local economies. A 12-year longitudinal study of 89 Canadian family businesses revealed that successors’ confidence and perceptions of incumbent support predicted successor intrinsic motivation to take over the business, which in turn predicted whether the business was successfully transferred 12 years later. Incumbent support and intrinsic motivation mediated the relation between incumbent trust in the successor and successful business succession. This study demonstrates the dual importance of incumbent and successor psychological states in determining succession outcomes.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"34 1","pages":"154 - 167"},"PeriodicalIF":8.8,"publicationDate":"2019-12-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0894486519894759","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42605481","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 Origins and Development of Socioemotional Wealth Within Next-Generation Family Members: An Interpretive Grounded Theory Study","authors":"L. Murphy, Jolien Huybrechts, F. Lambrechts","doi":"10.1177/0894486519890775","DOIUrl":"https://doi.org/10.1177/0894486519890775","url":null,"abstract":"Adopting an interpretive grounded theory approach, we find that key events in the early lives of next-generation family members fuel a sense of belonging and identity, which lies at the heart of their socioemotional wealth. As next-generation family members interact more with the family business, they interpret nonfinancial aspects of the firm as an answer to a larger variety of affective needs, which broadens and strengthens their interactive socioemotional wealth frame of mind. In line with our life course theory lens, we observe how key events that build up socioemotional wealth greatly influence the life paths of next-generation family members.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"32 1","pages":"396 - 424"},"PeriodicalIF":8.8,"publicationDate":"2019-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0894486519890775","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46716878","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":"Socioemotional Wealth (SEW): Questions on Construct Validity","authors":"Keith H. Brigham, G. Tyge Payne","doi":"10.1177/0894486519889402","DOIUrl":"https://doi.org/10.1177/0894486519889402","url":null,"abstract":"Over the past decade and a half, there has been tremendous growth in the family business field of study. One of the most important developments during this time period is the concept of socioemotional wealth (SEW), which is primarily founded on the seminal work of Gomez-Mejia, Haynes, Nuñez-Nickel, Jacobson, and Moyano-Fuentes in 2007. In fact, the number of articles that reference SEW has risen from 3 in 2007 to 147 in 2018 within the Web of Science categories of Business, Management, and Economics. For Family Business Review, the 2012 article by Berrone, Cruz, and Gomez-Mejia has had over 1,200 Google Scholar citations, as of October of 2019, and continues to be one of the most accessed articles year to year. Throughout this expanding literature, SEW—also known as affective endowments—is generally referred to as the noneconomic utilities derived by principals (i.e., the family) from a business. Based on prospect and behavioral agency theories, SEW is argued to serve as the main frame of reference for the management of the family business (Gomez-Mejia, Cruz, Berrone, & De Castro, 2011). As such, family businesses are motivated by the desire to preserve or enhance SEW when making major strategic decisions (Berrone et al., 2012). While the very basic tenets of SEW are well established and widely utilized, the promise of SEW as a construct—that is, a postulated concept or attribute intended for study (Cronbach & Meehl, 1955)—has yet to be realized. For while progress continues to be made, there are numerous concerns—both conceptual and empirical—that have been expressed regarding SEW and how it has been applied in family business research (e.g., Chua, Chrisman, & De Massis, 2015; Kellermanns, Eddleston, & Zellweger, 2012; Miller & Le Breton-Miller, 2014; Schulze & Kellermanns, 2015). Fundamentally, these concerns point toward a general lack of clarity regarding the validity of SEW as a construct, where validity refers to the extent to which a measure accurately represents a concept. The purpose of this editorial is to outline several problematic areas regarding SEW as a construct and make an explicit call for more theoretical and empirical development in this important and fast-growing area of research. For as AC/DC laments, it is a long way to the top if you want to rock ‘n’ roll.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"32 1","pages":"326 - 329"},"PeriodicalIF":8.8,"publicationDate":"2019-11-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0894486519889402","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41795199","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":"A Bright Side to Family Firms: How Socioemotional Wealth Importance Affects Dark Traits–Job Performance Relationships","authors":"Benjamin D. McLarty, Daniel T. Holt","doi":"10.1177/0894486519888397","DOIUrl":"https://doi.org/10.1177/0894486519888397","url":null,"abstract":"Examining socioemotional wealth’s influence at the individual level, an interactionist approach was used to test its moderation effect on the dark personality traits–job performance relationship, using supervisor-employee dyads in family firms. Termed the Dark Triad, dark personality traits include narcissism, psychopathy, and Machiavellianism. Results showed that when supervisors in family firms prioritize socioemotional wealth, the expected relationships between the Dark Triad and employee job performance outcomes (task, citizenship, and counterproductive behaviors) is ameliorated. These findings demonstrate that family firms can create an environment that improves the otherwise negative impact that dark personality has on job performance.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"32 1","pages":"378 - 395"},"PeriodicalIF":8.8,"publicationDate":"2019-11-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0894486519888397","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45212052","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":"Firm Acquisitions by Family Firms: A Mixed Gamble Approach","authors":"K. Hussinger, Abdul-Basit Issah","doi":"10.1177/0894486519885544","DOIUrl":"https://doi.org/10.1177/0894486519885544","url":null,"abstract":"This study elucidates the mixed gamble confronting family firms when considering a related firm acquisition. The socioemotional and financial wealth trade-off associated with related firm acquisitions as well as their long-term horizon turns family firms more likely to undertake a related acquisition than nonfamily firms, especially when they are performing above their aspiration level. Postmerger performance pattern confirms that family firms are able to create long-term value through these acquisitions, and by doing so, they surpass nonfamily firms. These findings stand in contrast to commonly used behavioral agency predictions but can be reconciled with theory through a mixed gamble lens.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"32 1","pages":"354 - 377"},"PeriodicalIF":8.8,"publicationDate":"2019-11-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0894486519885544","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42067839","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":"Construals Matter: Painting the Big Picture or Drawing the Brushstrokes of the Family Firm","authors":"Nadine H. Kammerlander, N. Breugst","doi":"10.1177/0894486519864724","DOIUrl":"https://doi.org/10.1177/0894486519864724","url":null,"abstract":"Over the past few years, scholars have increasingly called for a shift of focus in family business research from a macro view to one that studies micro foundations (e.g., De Massis & Foss, 2018), which investigate individual-level constructs such as emotions (e.g., Shepherd, 2016), identity (e.g., Deephouse & Jaskiewicz, 2013), or attitudes (e.g., Ramos, Man, Mustafa, & Ng, 2014). In particular, there is much potential for integrating theoretical and empirical insights from psychology to further advance our knowledge on family businesses by better understanding the decision making of family members and specifically owner-managers of family firms. In this regard, a recent systematic review on family firm advisors (Strike, Michel, & Kammerlander, 2017) has revealed that family firm research focusing on the individual level has developed largely independently of research in the field of psychology and, as such, has forgone important opportunities to integrate psychological perspectives into family firm research. Moreover, the specific setting of the family firm in which professional and family lives are closely intertwined has the potential to inform other fields and challenge traditional perspectives, such as work in organizational psychology on work–family balance (e.g., Valcour, 2007), work on entrepreneurial role models (e.g., Bosma, Hessels, Schutjens, Praag, & Verheul, 2012), or work on managerial goal setting (e.g., Bateman, O’Neill, & KenworthyU’Ren, 2002). Consequently, it is not surprising that scholarly calls have aimed to encourage more interdisciplinary work to advance our knowledge on family firms. As a current example, de Massis, Piccolo, Picone, and Tang are editing a Family Business Review special issue on “Psychological Foundations of Management in Family Firms.” While recent studies represent commendable, early achievements, we suggest that understanding the cognitions of the people in (and supporting) family firms still represents a rather untapped potential to broaden our insights into interesting idiosyncrasies that stem from family owner-managers’ cognition. Specifically, these insights will shed light on drivers of heterogeneity in family firms, for example, in their goals or long-term orientation (Diaz-Moriana, Clinton, Kammerlander, Lumpkin, & Craig, 2018). This editorial emerged from a discussion of a family business scholar with a strategy background and an entrepreneurship scholar with a major in psychology sitting together and reflecting about the nature of family business and their idiosyncrasies. As an outcome of these inspiring, interdisciplinary discussions, we realized that family business owner-managers might perceive or construe their family business in a particular way and that such perception might explain both, differences between family versus nonfamily firms as well as heterogeneity among family businesses. The aim of this editorial is hence to briefly introduce a promising psychological theory to the resear","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"32 1","pages":"222 - 232"},"PeriodicalIF":8.8,"publicationDate":"2019-08-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0894486519864724","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43354469","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 Contact-Hitting R&D Strategy of Family Firms in the Japanese Pharmaceutical Industry","authors":"Shigeru Asaba, T. Wada","doi":"10.1177/0894486519852449","DOIUrl":"https://doi.org/10.1177/0894486519852449","url":null,"abstract":"This article addresses the following question: How do family firms investing less in research and development (R&D) than nonfamily firms compete in R&D intensive industries? Using Japanese pharmaceutical industry data, we found that family firms produce more patents per R&D than nonfamily firms but are not biased toward low-value innovations. Further analyses of the distribution over innovation value suggested that family firms adopt a “contact-hitting R&D strategy,” avoiding radical innovations and pursuing incremental innovations compatible with their signature moves: innovation through tradition and narrow and internal search and resulting in may low-value innovations and a few mid or high-value innovations.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"32 1","pages":"277 - 295"},"PeriodicalIF":8.8,"publicationDate":"2019-06-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0894486519852449","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43177465","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}
Donald O. Neubaum, Nadine H. Kammerlander, Keith H. Brigham
{"title":"Capturing Family Firm Heterogeneity: How Taxonomies and Typologies Can Help the Field Move Forward","authors":"Donald O. Neubaum, Nadine H. Kammerlander, Keith H. Brigham","doi":"10.1177/0894486519848512","DOIUrl":"https://doi.org/10.1177/0894486519848512","url":null,"abstract":"As the field of family business continues to mature, it is not surprising that there is a growing recognition of the degree of heterogeneity among family firms. While many earlier studies focused on differences between family and nonfamily firms, more and more research is centered on identifying the sources and types of variance among family firms. Given the increasing need to better understand differences among family firms, we propose that a configurational approach, which is often reflected in typologies (which are conceptually developed) or taxonomies (which are empirically derived), is a particularly useful perspective to examine within-group heterogeneity. Thus, the goal of this special issue on “Typologies and Taxonomies of Family Business” is to (1) highlight the utility of using typologies and taxonomies in advancing family business research and (2) promote the use of these approaches in fostering a better understanding of the heterogeneity that exists among family firms, and how this heterogeneity might be linked to important organizational outcomes. With these goals in mind, this commentary provides a review of articles in the extant family business literature that have used typologies or taxonomic classifications to describe family businesses. Our review lays the foundation for the subsequent presentation of a synopsis of each of the four articles contained within the special issue. Finally, we conclude with a discussion of suggestions for future research using typologies and taxonomies and their application to family firm heterogeneity. We start by discussing the most common approach used.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"32 1","pages":"106 - 130"},"PeriodicalIF":8.8,"publicationDate":"2019-05-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0894486519848512","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46929914","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}