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Family Versus Institutional Involvement in Restructuring: Evidence From the Communications Equipment Industry 家庭与机构参与重组：来自通信设备行业的证据
IF 8.8 1区 管理学
Family Business Review Pub Date : 2020-06-18 DOI: 10.1177/0894486520934553
Erick P. C. Chang, S. D. James
{"title":"Family Versus Institutional Involvement in Restructuring: Evidence From the Communications Equipment Industry","authors":"Erick P. C. Chang, S. D. James","doi":"10.1177/0894486520934553","DOIUrl":"https://doi.org/10.1177/0894486520934553","url":null,"abstract":"The prospect of restructuring can be seen as a mixed gamble that creates tensions between family owners and institutional investors in publicly traded firms. Both sides diverge in their reference points as family owners will pursue noneconomic goals, while institutional owners will pursue economic goals. We develop and test arguments to predict how resistance from family owners and support from institutional owners affect a firm’s restructuring. Using panel data from 1990 to 2004, the findings support our predictions and show that family owners can achieve both economic and noneconomic goals post-restructuring.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"33 1","pages":"310 - 330"},"PeriodicalIF":8.8,"publicationDate":"2020-06-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0894486520934553","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47000295","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: 2
The “Most Wanted”: The Role of Family Strategic Resources and Family Involvement in CEO Succession Intention “头号通缉犯”:家族战略资源和家族参与在CEO继任意向中的作用
IF 8.8 1区 管理学
Family Business Review Pub Date : 2020-05-29 DOI: 10.1177/0894486520927289
Giovanna Campopiano, A. Calabrò, R. Basco
{"title":"The “Most Wanted”: The Role of Family Strategic Resources and Family Involvement in CEO Succession Intention","authors":"Giovanna Campopiano, A. Calabrò, R. Basco","doi":"10.1177/0894486520927289","DOIUrl":"https://doi.org/10.1177/0894486520927289","url":null,"abstract":"Stemming from familiness and the notion of nonimitable strategic resources, we investigate, in the presuccession phase, the role of acquisition and accumulation of family strategic resources, along with the way family involvement in the top management team affects resource mobilization and deployment, in determining the intention to choose either a family or a nonfamily member as the next CEO. Data from a cross-country double-respondent family business data set (Successful Transgenerational Entrepreneurship Practices project) reveal that human capital is a significant family strategic resource reducing the intention to select a family CEO, although leveraging this resource by a top management team dominated by family members enhances this intention.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"33 1","pages":"284 - 309"},"PeriodicalIF":8.8,"publicationDate":"2020-05-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0894486520927289","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44640472","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: 27
Psychological Antecedents of Decision Comprehensiveness and Their Relationship to Decision Quality and Performance in Family Firms: An Upper Echelons Perspective 家族企业决策综合性的心理前因及其与决策质量和绩效的关系:高层视角
IF 8.8 1区 管理学
Family Business Review Pub Date : 2020-05-28 DOI: 10.1177/0894486520917774
J. Carr, James M. Vardaman, Laura E. Marler, Benjamin D. McLarty, Daniela Blettner
{"title":"Psychological Antecedents of Decision Comprehensiveness and Their Relationship to Decision Quality and Performance in Family Firms: An Upper Echelons Perspective","authors":"J. Carr, James M. Vardaman, Laura E. Marler, Benjamin D. McLarty, Daniela Blettner","doi":"10.1177/0894486520917774","DOIUrl":"https://doi.org/10.1177/0894486520917774","url":null,"abstract":"We present a model of family firm performance that tests the notion that strategic decision comprehensiveness plays a pivotal role in family business decision quality and performance. With insights derived from upper echelons theory, our model further proposes that two key decision maker traits associated with an individual’s information-gathering process—risk-taking propensity and need for cognition—influence strategic decision comprehensiveness and have indirect effects on both study outcomes. Study results using a time-lagged sample of family firm leaders provide broad support for our proposed model and provide insight into the performance and decision-making heterogeneity present in family firms.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"34 1","pages":"33 - 47"},"PeriodicalIF":8.8,"publicationDate":"2020-05-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0894486520917774","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43768234","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: 27
Literature, Fiction, and the Family Business 文学、小说与家族企业
IF 8.8 1区 管理学
Family Business Review Pub Date : 2020-05-27 DOI: 10.1177/0894486520924856
M. Nordqvist, W. Gartner
{"title":"Literature, Fiction, and the Family Business","authors":"M. Nordqvist, W. Gartner","doi":"10.1177/0894486520924856","DOIUrl":"https://doi.org/10.1177/0894486520924856","url":null,"abstract":"In recent years, scholars have intensified the calls for more interdisciplinary approaches toward understanding the motivations, activities, processes, and behaviors of family businesses. Most family business scholars tend to draw upon insights from the management and economics disciplines for both theoretical and methodological guidance in their research (Neubaum, 2018; Payne, 2018; Sharma, 2004). However, the relevance for family business studies of disciplines such as psychology (e.g., Kammerlander & Breugst, 2019; Pieper, 2010; Strike et al., 2018), family sciences (e.g., Combs et al., 2020; Jaskiewicz et al., 2017), history (Colli, 2012; Hjorth & Dawson, 2016), and anthropology (Stewart, 2003) has also been emphasized:","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"33 1","pages":"122 - 129"},"PeriodicalIF":8.8,"publicationDate":"2020-05-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0894486520924856","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45954314","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: 16
Signaling and Stakeholder Honesty: On the Individual and Combined Effects of Owner Family Membership and Religious Affiliation 信号与利益相关者诚实:家族成员与宗教信仰的个体效应与综合效应
IF 8.8 1区 管理学
Family Business Review Pub Date : 2020-05-25 DOI: 10.1177/0894486520924301
Frauke von Bieberstein, Ann‐Kathrin Crede, A. Essl, Andreas Hack
{"title":"Signaling and Stakeholder Honesty: On the Individual and Combined Effects of Owner Family Membership and Religious Affiliation","authors":"Frauke von Bieberstein, Ann‐Kathrin Crede, A. Essl, Andreas Hack","doi":"10.1177/0894486520924301","DOIUrl":"https://doi.org/10.1177/0894486520924301","url":null,"abstract":"Stakeholder honesty is highly important for managers, for instance, in decisions involving hiring. Due to reciprocity, stakeholders are more likely to be honest if the managers act honestly themselves. However, external stakeholders often cannot observe managers’ actions and instead have to rely on signals. This article examines the effects of two signals—a manager’s owner family membership and religious affiliation—on stakeholder honesty. By conducting an economic experiment and a survey, we find that stakeholders behave more honestly toward family managers compared to nonfamily managers. This effect is reinforced if the family manager is presented as religious.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"33 1","pages":"265 - 283"},"PeriodicalIF":8.8,"publicationDate":"2020-05-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0894486520924301","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48287373","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: 4
Founder-Controlled Family Firms, Overconfidence, and Corporate Social Responsibility Engagement: Evidence From Survey Data 创始人控制的家族企业、过度自信与企业社会责任参与:来自调查数据的证据
IF 8.8 1区 管理学
Family Business Review Pub Date : 2020-05-14 DOI: 10.1177/0894486520918724
Markus Dick, E. Wagner, Helmut Pernsteiner
{"title":"Founder-Controlled Family Firms, Overconfidence, and Corporate Social Responsibility Engagement: Evidence From Survey Data","authors":"Markus Dick, E. Wagner, Helmut Pernsteiner","doi":"10.1177/0894486520918724","DOIUrl":"https://doi.org/10.1177/0894486520918724","url":null,"abstract":"Drawing on (mostly) medium-sized and unlisted Polish firms, this study explores the influence of the interaction between founder-controlled family firms and managerial overconfidence on corporate social responsibility (CSR). We demonstrate that founder-controlled family firms show low levels of CSR engagement. This suggests that families try to limit CSR activities that could challenge their control and thus their socioemotional endowment. Moreover, overconfident executives in these firms tend to exhibit superior CSR performance. Consequently, the family’s preference for control can be mitigated by overconfident executives who underestimate the family’s control risk and focus on building reputation by acting socially responsible.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"34 1","pages":"71 - 92"},"PeriodicalIF":8.8,"publicationDate":"2020-05-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0894486520918724","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45746585","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: 37
Does Knowing “Who Knows What” Matter for Family Firm Innovation? Insights From Transactive Memory System Theory 知道“谁知道什么”对家族企业创新重要吗?从交互记忆系统理论的见解
IF 8.8 1区 管理学
Family Business Review Pub Date : 2020-04-04 DOI: 10.1177/0894486520912879
K. Madison, J. Daspit, Emily Garrigues Marett
{"title":"Does Knowing “Who Knows What” Matter for Family Firm Innovation? Insights From Transactive Memory System Theory","authors":"K. Madison, J. Daspit, Emily Garrigues Marett","doi":"10.1177/0894486520912879","DOIUrl":"https://doi.org/10.1177/0894486520912879","url":null,"abstract":"We extend transactive memory systems theory from psychology to examine the cognitive interdependence of family and nonfamily employees and its effects on family firm innovation. Using triadic data and dispersion modeling, we find that innovation is enhanced when family and nonfamily employees communicate and when they have a shared understanding of “who knows what”; however, we find unexpectedly that the communication effects differ for family and nonfamily employees, hindering the development of shared knowledge perceptions needed for enhanced innovation. We demonstrate the value in applying psychology-based research to family firm investigations and in investigating microfoundations of family firm innovation.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"34 1","pages":"168 - 192"},"PeriodicalIF":8.8,"publicationDate":"2020-04-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0894486520912879","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41800365","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: 12
Community Socioemotional Wealth: Preservation, Succession, and Farming in Lancaster County, Pennsylvania 社区社会运动财富：宾夕法尼亚州兰开斯特县的保护、继承和农业
IF 8.8 1区 管理学
Family Business Review Pub Date : 2020-03-13 DOI: 10.1177/0894486520910876
Nancy B. Kurland, S. Mccaffrey
{"title":"Community Socioemotional Wealth: Preservation, Succession, and Farming in Lancaster County, Pennsylvania","authors":"Nancy B. Kurland, S. Mccaffrey","doi":"10.1177/0894486520910876","DOIUrl":"https://doi.org/10.1177/0894486520910876","url":null,"abstract":"This study builds theory on socioemotional wealth (SEW) in family firms and, specifically, proposes a new concept, community SEW, that moves SEW beyond the organizational level of analysis to include the community level of analysis. We find that owner-managers of family farms prioritize preservation of farming on fertile land and protection of the farming community in their region over economic and, in some instances, family interests. That is, owner-managers’ SEW includes the community in which the family is embedded. We discuss implications for SEW research.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"33 1","pages":"244 - 264"},"PeriodicalIF":8.8,"publicationDate":"2020-03-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0894486520910876","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45415900","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: 16
Family Business Leaders’ Metaphors and Firm Performance: Exploring the “Roots” and “Shoots” of Symbolic Meanings 家族企业领导者的隐喻与企业绩效——符号意义的“根”与“芽”探析
IF 8.8 1区 管理学
Family Business Review Pub Date : 2020-03-13 DOI: 10.1177/0894486520910874
Alessandra Tognazzo, Donald O. Neubaum
{"title":"Family Business Leaders’ Metaphors and Firm Performance: Exploring the “Roots” and “Shoots” of Symbolic Meanings","authors":"Alessandra Tognazzo, Donald O. Neubaum","doi":"10.1177/0894486520910874","DOIUrl":"https://doi.org/10.1177/0894486520910874","url":null,"abstract":"To investigate the complex dynamics when family members with differing perceptions and interpretations of reality jointly lead their family business, this research adopts an epistemic-operative interview technique using Morgan’s images of organization. We explore how family leaders’ root metaphors, which are symbolic frames that help understand individuals’ attitudes and behaviors, are linked to family businesses’ behavior and performance. Analyzing six Italian family hotels, we derive four structures of family symbolic meanings and explain how and why relationships and innovation are mechanisms through which firm performance is related and connected to the offshoots of the meanings of family leaders’ root metaphors.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"33 1","pages":"130 - 151"},"PeriodicalIF":8.8,"publicationDate":"2020-03-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0894486520910874","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49394306","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: 7
How Do Consumers See Firms’ Family Nature? A Review of the Literature 消费者如何看待企业的家族性质?文献综述
IF 8.8 1区 管理学
Family Business Review Pub Date : 2020-03-01 DOI: 10.1177/0894486519890229
Daniela Andreini, Cristina Bettinelli, Giuseppe Pedeliento, Roberta Apa
{"title":"How Do Consumers See Firms’ Family Nature? A Review of the Literature","authors":"Daniela Andreini, Cristina Bettinelli, Giuseppe Pedeliento, Roberta Apa","doi":"10.1177/0894486519890229","DOIUrl":"https://doi.org/10.1177/0894486519890229","url":null,"abstract":"This literature review analyzes studies that deal with the meanings that consumers form about firms’ family nature. Through the analysis of 83 papers, we highlight the importance of firms’ family nature from consumers’ perceptual, social, and cultural perspectives, at the micro, meso, and macro levels. Beside the common meanings that consumers attach to firms’ family nature, our review showed that in some cases, firms’ family nature acquired meanings that were deemed to be so important that they eventually provided consumers with self-identification, communitarian identification, and novel market configurations, and even made the family firm the industry’s prototypical organizational form.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"33 1","pages":"18 - 37"},"PeriodicalIF":8.8,"publicationDate":"2020-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0894486519890229","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43347602","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: 39
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