scholarly journals A study of the moderating influence of R&D intensity on the family management-firm performance relationship: Evidence from Spanish private manufacturing firms

2019 ◽  
Vol 22 (2) ◽  
pp. 105-118 ◽  
Author(s):  
J. Diéguez-Soto ◽  
M. Manzaneque ◽  
V. González-García ◽  
T. Galache-Laza
Keyword(s):  
Firm Performance ◽  
Manufacturing Firms ◽  
Family Management ◽  
The Family

TQM Adoption Practices in the Family-Owned Business

1996 ◽  
Vol 9 (1) ◽  
pp. 5-14 ◽  
Author(s):  
Edward P. Ellington ◽  
Robert T. Jones ◽  
Richard Deane
Keyword(s):  
Firm Performance ◽  
Quality Management ◽  
Total Quality Management ◽  
Manufacturing Firms ◽  
Total Quality ◽  
Performance Levels ◽  
The Family ◽  
Adoption Pattern

This paper reports the results of a study of total quality management (TQM) adoption practices in family-owned manufacturing firms. Family-owned firms were found more often than other firms to be total “non adopters” of TQM. The study clearly demonstrates that highest family owned firm performance levels are associated with a more holistic and complete TQM adoption pattern.

The innovation and internationalisation processes of family businesses

2017 ◽  
Vol 27 (2) ◽  
pp. 231-247 ◽  
Author(s):  
Vitor Braga ◽  
Aldina Correia ◽  
Alexandra Braga ◽  
Sofia Lemos
Keyword(s):  
Family Business ◽  
Family Firms ◽  
Family Businesses ◽  
Family Management ◽  
Multivariate Statistic ◽  
Content Type ◽  
Business Innovation ◽  
The Family ◽  
Internationalisation Strategies ◽  
Innovation Processes

Purpose The success of the family firms cannot be detached from the current paradigm where, within the present economic conditions, economic agents struggle to exploit the existing opportunities and need to take into account the risks associated to the international arena and the innovation processes. The internationalisation and innovation processes may trigger resistance within family business due to their relatively higher difficulty to take risks and to invest in industries outside the scope of their original core business. Innovation and internationalisation processes become relevant strategies for the family firms’ continuity and success. In line with such fact, the aim of this paper is to contribute with insights regarding the processes of innovation and internationalisation within family businesses. In particular, this paper aims to assess the propensity of such firms to apply such strategies, to identify the particular business behaviour and to assess the extent to which the particulars of family firms may constraint or lead to the implementation of innovation policies, and thus its internationalisation. Design/methodology/approach The data were collected through questionnaires within family business aiming to understand the scope and characteristics of internationalisation and innovation processes within these firms. The 154 replies from such data collection were analysed using different multivariate statistic procedures, although this paper is based on factorial and correlation analysis. Findings The analysis of the results shows that there is an association between the processes of innovation and internationalisation within family business. In addition, the results also suggest a typology of firms regarding their innovation and internationalisation strategies and motivations. Research limitations/implications The results of this paper are, to some extent, limited because they did not allow comparing the findings with data from non-family business. However, the authors’ aim was not to distinguish family firms, but rather to characterise them. Practical implications This paper expects to contribute with lessons for the management of family business and to raise awareness of the constraints faced by family business. It is important to highlight that family business performance may be affected by a lower propensity to risk-taking attitudes, by the lack of non-family management and to the necessity of separating the family and the business in the business dimensions that the family limits the business growth. Originality/value Although there is a significant amount of the literature devoted to explore family business, innovation and internationalisation studies, very few draw on the relationship between internationalisation and innovation processes within family business. This paper explores such a relationship within a particular business context – the family dynamics that strongly affect management and business development.

Strategic orientations, firm performance and the moderating effect of absorptive capacity

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Manuel-Alejandro Ibarra-Cisneros ◽  
María del Rosario Demuner-Flores ◽  
Felipe Hernández-Perlines
Keyword(s):  
Firm Performance ◽  
Market Orientation ◽  
Absorptive Capacity ◽  
Entrepreneurial Orientation ◽  
Manufacturing Firms ◽  
Moderating Effect ◽  
Equation Modeling ◽  
Content Type ◽  
Strategic Orientations ◽  
The Relationship

PurposeThe purpose of this article is to study the moderating effect of absorptive capacity, defined as the set of organizational routines and processes through which companies acquire, assimilate, transform and exploit knowledge to produce a dynamic organizational capacity (Zahra and George, 2002), in three strategic orientations: market orientation; technology orientation and entrepreneurial orientation and their positive relationship in the performance of the medium and large Mexican manufacturing firms. Likewise, it is determined whether these three combined SOs influence firm performance.Design/methodology/approachThe data was collected from 171 medium and large-sized Mexican manufacturing firms. The proposed hypotheses are tested using partial least square structural equation modeling (PLS-SEM).FindingsDespite the importance of knowledge for the development of firms, the results indicate that the moderating effect of absorptive capacity is only present in the relationship between entrepreneurial orientation and firm performance. That is, firms cannot take advantage of knowledge simultaneously between the three strategic orientations. For their part, market orientation and entrepreneurial orientation exert a positive influence on firm performance.Practical implicationsThe main practical implication for the manufacturing industry is that they must develop mechanisms to detect what kind of knowledge affects each strategic orientation, in this way it can make the absorptive capacity influence the relationships between SO and FP.Originality/valueThe main contribution consists of studying the moderating effect of the absorptive capacity on the relationship between three strategic orientations and firm performance, and not concentrating solely on the simultaneous use of these strategies as is commonly done.

scholarly journals Study on the Management Pattern of Wenzhou Family Enterprises under Traditional Chinese Thoughts and Ideas

2017 ◽  
Vol 6 (2) ◽  
pp. 46
Author(s):  
Chunxiao Li ◽  
Jiahui Yao
Keyword(s):  
Capital Investment ◽  
Management Mode ◽  
Management Model ◽  
Family Management ◽  
Chinese Family ◽  
Enterprise Development ◽  
Perspective View ◽  
Chinese Thought ◽  
Family Enterprises ◽  
The Family

This paper studies the management model of typical Chinese family from the perspective of Chinese thought history, and defines the ideological and industrial advantages of its special management mode. From the perspective view of human resources, capital investment and product development, how to transform and upgrade the family management mode are discussed so as to adapt to the enterprise development during the Internet era.

Research on Management Model of Chinese Family-Holding Business under Market Economy

2011 ◽  
Vol 403-408 ◽  
pp. 313-317
Author(s):  
Li Zhang
Keyword(s):  
Market Economy ◽  
Family Business ◽  
Development Stage ◽  
Management Model ◽  
Current Status ◽  
Family Management ◽  
Chinese Family ◽  
Enterprise System ◽  
Modern Enterprise ◽  
The Family

In China, the family business usually implement paternalistic management model at the startup. When the enterprise scale enlarged, along with the change of the outside environment, the risk and uncertainty of the enterprise management will be increased and the distortions of family management model will become increasingly clear. Therefore, it is an irresistible trend to carry out reforms on the family business governance model. This paper analyzed the current status of Chinese family management model, pointed out the opportunity under the market economy for family business accelerating its development, and summarized the four models of Chinese family business governance. Currently, under the market economy, the biggest problem faced by Chinese family business is not how to transform into modern enterprise, but how to realize their sustainable development. To build a modern enterprise system is just an important destination for family business development, but can’t be the only choose at the present stage. A precisely suitable enterprise system is established according to the time, place, different industry, scale, development stage and background, while there is no standard model of universal application.

scholarly journals Impact of Firm Performance on Corporate Governance Quality: The Case of Nigerian Manufacturing Firms

2020 ◽  
pp. 189-193
Author(s):  
R. A. Akinsokeji ◽  
E. O. Ogunleye ◽  
O. O. Akindele
Keyword(s):  
Firm Performance ◽  
Firm Size ◽  
High Performance ◽  
Manufacturing Firms ◽  
Board Structure ◽  
Panel Data Estimation ◽  
Pooled Data ◽  
Two Measures ◽  
Corporate Governance Quality ◽  
Data Estimation

In this study, the reverse impact of firm corporate performance on board structure is empirically examined using a large cross section of 50 manufacturing firms in Nigeria. The study makes a divergence from previous studies by noting that such a reverse effect is possible and examining this effect of performance on board structure in Nigeria. The panel data estimation technique is employed on the pooled data for the firms over a ten-year period (2004-2013) and estimation is performed using four measures of firm performance and two measures of board structure. The results show that there is actually reverse impact of firm performance on board structure although the effect is quite weak. The only performance variable that exerts significant impact on board structure (board size and independence) is earnings per share and, to a lesser degree profit margin. Moreover, firm size is shown to be an essential factor in explaining the general behavior of firm performance and also the pattern of effect of such performance on the board structure. The analyses clearly showed that firm size is itself a strong positive factor in improving firm performance and also tends to improve the effect of high performance on board structure across the firms.

scholarly journals PENGARUH SUPPLY CHAIN MANAGEMENT TERHADAP KINERJA PERUSAHAAN MELALUI KEUNGGULAN BERSAING

2017 ◽  
Vol 21 (3) ◽  
Author(s):  
Wulandari Wulandari ◽  
Ria Nelly Sari ◽  
Al Azhar L
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Missing Data ◽  
Firm Performance ◽  
Competitive Advantage ◽  
Sampling Procedure ◽  
Manufacturing Firms ◽  
Marketing Manager ◽  
Chain Management ◽  
Program Version

This research aims to examine the effect of supply chain management on firm performance. In this study, the effect of supply chain management on firm performance is intervened by competitive advantage. The sample of this study is manufacturing firms listed on Bursa Efek Indonesia (BEI) 2014. By using total sampling procedure, 137 firms were selected as a sample and questionnaires were sent to finance,production or marketing manager through corporate secretary. From 137 set questionnaires were sent, 64 sets were returned and due to missing data/incomplete answer so only 59 sets were analyzed. Data was analyzed by using SPSS program version 20.0. This study found that supply chain management positively effect firm performance. The findings showed that supply chain management positively effect the firm’s competitive advantage. Further, analyzed found that competitive advantage positively effect firm performance. Meanwhile, the results proved that ß value of relationship between the supply chain management and firm performance after entered by competitive advantage was decreased from 0.825 to 0,412. This research conclude that competitive advantage has a role as partial mediation variable.

scholarly journals The decrease in diversification and corporate governance: evidence from Japanese firms

2009 ◽  
Vol 6 (4) ◽  
pp. 28-39
Author(s):  
Hidetaka Aoki
Keyword(s):  
Firm Performance ◽  
Capital Market ◽  
Firm Value ◽  
Boards Of Directors ◽  
Manufacturing Firms ◽  
Business Units ◽  
Unrelated Diversification ◽  
Japanese Firms ◽  
Bubble Economy ◽  
Main Bank

This paper analyzes the effects of firm performance and governance factors on the decrease in diversification of Japanese firms in the 1990s. We focus on the cases of the decrease in diversification, because many previous studies proved that diversification caused firm value discount. Adjusting an excessive unrelated diversification would be an important topic, because the problems of low synergy between business units, inefficiency in management and so on were more serious in this type of diversification. The findings of this study are as follows. In the first half of the 1990s, immediately after the collapse of bubble economy, lower firm performance and main bank relationship encouraged firms to decrease the level of diversification of their businesses. On the other hand, in the latter half of the 1990s when the decrease in diversification itself was activated, higher performing non-manufacturing firms and manufacturing firms with lower profitability but facing higher growth in their main business tried to decrease diversification in order to strengthen the competitiveness in main businesses. Also, this kind of decrease in diversification was supported by the governance characteristics such as insider majority smaller boards of directors and the pressure from capital market.

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