Is Being Conservative at Home Whilst Taking Risks Abroad a Suitable Competitive Strategy? The Case of Spanish Family Firms Internationalizing to Mexico

2019 ◽  
pp. 257-268
Author(s):  
Julen Castillo-Apraiz ◽  
Unai Arzubiaga ◽  
Jesús Manuel Palma-Ruiz
Keyword(s):  
Competitive Strategy ◽  
Family Firms ◽  
Spanish Family ◽  
At Home

scholarly journals Conditional mediation of competitive strategy and environment in international entrepreneurial orientation of family businesses

2017 ◽  
Vol 6 (2) ◽  
Author(s):  
Felipe Hernández-Perlines ◽  
Esteban Mancebo-Lozano
Keyword(s):  
Entrepreneurial Orientation ◽  
Competitive Strategy ◽  
Structural Equation ◽  
Family Firms ◽  
Second Generation ◽  
Family Businesses ◽  
Measure Data ◽  
Moderator Effect ◽  
Academic Field ◽  
Spanish Family

This paper analyzes the effect of conditional mediation of environment-competitive strategy in business orientation of family businesses. In order to study the results we propose a method based on a second generation structural equation (PLS-SEM) where software SmartPLS 3.2.6 is applied to measure data of 174 Spanish family businesses. This paper presents a relevant contribution both to the academic field and the performance of family firms, helping to understand the process of transforming international entrepreneurial orientation into a better international performance through competitive strategy while family businesses invest their efforts in aligning international entrepreneurial orientation and competitive strategy with international results, bearing in mind the positive moderator effect of environment.

Competitive Strategy Based on Flexibility

2019 ◽  
pp. 129-148
Author(s):  
Marta Pérez-Pérez ◽  
María Concepción López-Fernández ◽  
Ana María Serrano-Bedia
Keyword(s):  
Family Involvement ◽  
Competitive Strategy ◽  
Family Firms ◽  
Implementation Process ◽  
Manufacturing Flexibility

This chapter is intended to analyze the extent to which businesses in Spain have adopted several flexibility-manufacturing practices. Specifically, this study explores firstly, sample-based differences in the results of comparative family firms versus nonfamily firms concerning practices for implementing manufacturing flexibility. Secondly, heterogeneity in this implementation process within different groups of family firms was explored. The gathered evidence suggests that the main differences with respect to practices for implementing manufacturing flexibility appear when specific characteristics surrounding family firms and related to the role of the CEO and family involvement in the management of the firm are considered.

The Heterogeneity of Family Firms in CSR Engagement

2014 ◽  
Vol 27 (3) ◽  
pp. 206-227 ◽  
Author(s):  
Pilar Marques ◽  
Pilar Presas ◽  
Alexandra Simon
Keyword(s):  
Corporate Social Responsibility ◽  
Grounded Theory ◽  
Social Responsibility ◽  
Case Studies ◽  
Family Involvement ◽  
Family Firms ◽  
Stewardship Theory ◽  
Spanish Family ◽  
Corporate Social ◽  
Csr Engagement

This study addresses the heterogeneity of family firms in their engagement with corporate social responsibility (CSR). We build on stewardship theory and socioemotional wealth to explore the foundations of CSR in family firms and to examine whether the extent of engagement is based on values, and how and why this happens. We use the interpretative method of grounded theory to address these questions. Based on 12 case studies of Spanish family firms, this article illustrates the patterns of influence of family involvement and values in explaining the extent and scope of CSR.

scholarly journals Do families shape corporate governance structures?

2009 ◽  
Vol 15 (3) ◽  
pp. 327-345 ◽  
Author(s):  
María Sacristán Navarro ◽  
Silvia Gómez Ansón
Keyword(s):  
Corporate Governance ◽  
Empirical Evidence ◽  
Family Firms ◽  
Family Firm ◽  
Family Ownership ◽  
Governance Structures ◽  
Listed Firms ◽  
Board Committees ◽  
Spanish Family ◽  
Open Question

AbstractThis paper provides empirical evidence of family firm corporate governance structures, by examining a set of corporate governance characteristics of 132 non-financial Spanish listed firms. Results show that family firm boards present differential characteristics and that different patterns of family ownership configurations do not affect family firm corporate governance structures. We find that Spanish family firm boards are smaller than those in non-family firms. Family firm directors own a larger fraction of firm shares and have longer Chairman tenure than non-family firms, and family firms use fewer voluntary board committees – such as nomination and remuneration committees and executive committees. Besides, family firm boards and committees are biased towards insiders. Whether these differential characteristics affect other minority non-family shareholders negatively remains an open question.

scholarly journals Familiness and socioemotional wealth in Spanish family firms: An empirical examination

2017 ◽  
Vol 7 (1-2) ◽  
pp. 14-24 ◽  
Author(s):  
Ismael Barros ◽  
Juan Hernangómez ◽  
Natalia Martin-Cruz
Keyword(s):  
Family Firms ◽  
Socioemotional Wealth ◽  
Empirical Examination ◽  
Spanish Family

scholarly journals Bonsais in a Wild Forest? A Historical Interpretation of the Longevity of Large Spanish Family Firms

2007 ◽  
Vol 25 (3) ◽  
pp. 459-497 ◽  
Author(s):  
Paloma Fernández Pérez ◽  
Núria Puig Raposo
Keyword(s):  
Family Firms ◽  
Historical Interpretation ◽  
Spanish Family

ResumenEn este artículo se presentan los primeros resultados de una investigación en curso sobre la longevidad de las grandes empresas familiares españolas. Su principal objetivo es proporcionar datos sólidos sobre un tema en el que abundan más las opiniones que las estadísticas científicas, así como identificar las claves de la supervivencia y competitividad de las cerca de 250 empresas en que se basa el estudio. Se concluye que esta realidad no es sólo el resultado de dos décadas de integración económica en Europa o de una buena dotación de recursos naturales, sino también de un largo período de aprendizaje y de la combinación de dos factores: la especialización en nichos de mercado que no fueron objeto de interés estratégico por parte del Estado, y la habilidad para consolidar redes personales de cooperación e influencia dentro y fuera del país.

Ownership and Operating Performance of Spanish Family IPO Firms

2020 ◽  
pp. 210-233
Author(s):  
Fuencisla Martínez Lobato ◽  
C. José García Martín ◽  
José Emilio Farinós Viñas
Keyword(s):  
Empirical Evidence ◽  
Initial Public Offering ◽  
Ownership Structure ◽  
Family Firms ◽  
Operating Performance ◽  
Operational Performance ◽  
The Family ◽  
Spanish Family ◽  
Public Offering ◽  
A Company

Previous studies have shown the existence of a relationship between the ownership structure of a company and its operational performance. In this context, the empirical evidence reveals that after an initial public offering (IPO), companies experience a decline in their operational performance. In this research, the authors investigate whether the characteristics of Spanish family firms led to a different operating behavior with respect to non-family companies when they go public through an IPO. The results show that the particularities of the family firm do not turn into significant differences in operational performance after the listing process.

Factors Determining the Internationalization of Spanish Family SMEs

2020 ◽  
pp. 148-167
Author(s):  
Marta Fernández-Olmos
Keyword(s):  
Human Resources ◽  
Family Firms ◽  
Business Strategies ◽  
International Expansion ◽  
Foreign Markets ◽  
Product Innovations ◽  
The Family ◽  
Spanish Family ◽  
Family Smes ◽  
Degree Of Internationalization

This chapter examines the factors determining international expansion for a group of Spanish family SMEs. Internationalization is modelled taking into account both the decision to enter foreign markets and the degree of internationalization. This chapter uses the information provided by the Survey on Business Strategies in Spain, including 1,519 observations. The results indicate that the presence of the second generation in the family firm, the establishment of alliances with other firms, and some intangible resources (in particular, product innovations, and human resources) all positively influence the degree of internationalization. The results also indicate that the size and age of family firms are important factors in determining their international expansion.

Which Competitive Strategy Fits Better to Different Family-Business Profiles?

2022 ◽  
pp. 27-46
Author(s):  
Tomás F. González-Cruz ◽  
Norat Roig-Tierno
Keyword(s):  
Firm Performance ◽  
Family Business ◽  
Competitive Strategy ◽  
Family Firms ◽  
Qualitative Comparative Analysis ◽  
Family Firm ◽  
Tourism Industry ◽  
Environmental Turbulence ◽  
Configurational Approach ◽  
Governance Arrangements

This chapter belongs to the vein of research that analyses family firms from a configurational approach. This survey explores which combination of competitive strategy, environmental turbulence, family complexity, and family firm management and governance arrangements are present when firm performance is present. This research follows Le Breton-Miller and Miller's call to gain a better understanding of the interaction between competitive strategy, environmental conditions, and family firm features. Literature reports controversial results with regard to family-business strategic preferences and firm performance, and recent research shows that this relationship needs considering both industry and family context. This chapter analyses a sample of 129 Spanish SME-Family-Business that belong to the tourism industry. Using fuzzy-set qualitative comparative analysis, the authors find seven configurations to firm performance presence and one recipe for performance absence.

Family Firms' International Commitment

2009 ◽  
Vol 22 (2) ◽  
pp. 125-135 ◽  
Author(s):  
Enrique Claver ◽  
Laura Rienda ◽  
Diego Quer
Keyword(s):  
Family Firms ◽  
Family Businesses ◽  
Entry Modes ◽  
Related Factors ◽  
The Family ◽  
Spanish Family ◽  
Commitment Level

Few studies have dealt with family businesses and internationalization theories. The aim of this article is to bridge this gap by examining the family-related factors that have an impact on the international commitment level of these companies. From a sample of Spanish family firms, findings show that long-term vision and the presence of nonfamily managers are positively related to entry modes involving stronger international commitment, although self-financing limits this commitment.

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