Family leadership, family involvement and mutuality HRM practices in family SMEs

2021 ◽  
pp. 100468
Author(s):  
Giulia Flamini ◽  
Daniel Pittino ◽  
Francesca Visintin
Keyword(s):  
Family Involvement ◽  
Hrm Practices ◽  
Family Smes ◽  
Family Leadership

scholarly journals Family Involvement in the Firm and Exports in the Family SME: Is the Manager’s International Orientation Influential?

2015 ◽  
Vol 7 (3) ◽  
pp. 69-99 ◽  
Author(s):  
Sami Basly
Keyword(s):  
Family Involvement ◽  
Family Firms ◽  
Positive Influence ◽  
International Orientation ◽  
The Family ◽  
Sample Data ◽  
Family Smes ◽  
Family Involvement In Management ◽  
The Relationship

AbstractDoes the family involvement affect exports in the family firm? The literature seems to support this view even if the direction and magnitude of this impact remains controversial. Drawing on the perspectives of agency [Chrisman et al. 2004; Schulze et al. 2001] and stewardship as applied to family firms [Davis, Schoorman and Donaldson 1997] and also on socio-emotional wealth perspective [Gómez-Mejía et al. 2007], this study seeks to contribute to this debate by studying the influence of family involvement on the SME exports intensity. To reconcile the divergent views, our research attempts to assess the role of the manager’s international orientation as a variable moderating the relationship between family involvement and exports in SMEs. Based on a hypothetical-deductive approach, the study uses a sample data of 125 family SMEs obtained through a questionnaire. The results show that even if the positive influence of the manager’s international orientation is corroborated, its moderating role seems to be limited to only one facet of the construct of family involvement i.e. involvement in management. Moreover, owning-family involvement in management seems to negatively influence exports while some results argue for a positive effect of the family involvement in ownership on exports.

Does the private equity financing improve performance in family SMEs?

2019 ◽  
Vol 9 (1) ◽  
pp. 110-124 ◽  
Author(s):  
Dario Salerno
Keyword(s):  
Family Involvement ◽  
Design Methodology ◽  
Private Equity ◽  
The European Union ◽  
Improve Performance ◽  
Equity Financing ◽  
Content Type ◽  
Family Smes ◽  
One Year ◽  
The One

Purpose The purpose of this paper is to explore the relation between family involvement in ownership and the performance of private equity (PE)-backed SMEs. Design/methodology/approach Using a sample of 533 European PE-backed SMEs (i.e. 107 PE-backed family SMEs and 426 PE backed non-family SMEs), the author estimate the OLS model where a firms operating performance is a function of the presence or not of family shareholders, various other firm-specific characteristics, the experience of PE investor and a dummy for the financial crisis. To control the robustness of results, the author restrict the analysis to those firms that are incorporated in one of the 15 old member states of the European Union and the author include among the independent variables the one-year lagged values of the dependent variable. Findings The results show that PE-backed family SMEs outperform non-family PE-backed SMEs over the post-investment period. Originality/value This paper aims to extend literature about the link between PE backing and the involvement of family in ownership, considering European countries.

scholarly journals The Speed of the Internationalisation Process and the Institutional Networks of Family SMEs in the DOC Rioja Wine Industry

2020 ◽  
Vol 9 (1) ◽  
pp. 43-50
Author(s):  
Marta Fernández Olmos ◽  
Giulio Malorgio
Keyword(s):  
Family Involvement ◽  
Family Firms ◽  
Family Members ◽  
Wine Industry ◽  
Strategic Decision ◽  
Top Managers ◽  
The Family ◽  
Family Smes ◽  
The Relationship

Institutional networking is a key element in businesses’ internationalisation processes and is an important strategy for promoting the long-term growth and survivability of family SMEs in the DOC Rioja wine industry. We hold that the proportion of family members in the TMT plays an important role in strategic decision-making and helps to explain the speed of their internationalisation process. This paper contributes to the scant research on the influence of family involvement in the TMT by analysing the moderating effects of two diversities on the relationship between institutional networking and the speed of internationalisation: the family TMT ratio and generational involvement. Using a broad sample of 77 family wineries in DOC Rioja, the results obtained indicate that institutional networking plays a significant role in explaining the speed of internationalisation in family firms and that this relationship is weaker when a larger proportion of family members serve as top managers. The empirical results also have interesting implications for the managers of family firms as it may help them to identify the effective composition of TMTs to be considered when deciding on the process of internationalisation.

Family SMEs’ survival: the role of owner family and corporate social responsibility

2020 ◽  
Vol 27 (2) ◽  
pp. 281-297
Author(s):  
Shabir Ahmad ◽  
Kamran Ahmed Siddiqui ◽  
Hoda Mahmoud AboAlsamh
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Family Involvement ◽  
Family Firms ◽  
Equation Modeling ◽  
Content Type ◽  
Family Smes ◽  
Corporate Social ◽  
Social Causes

PurposeThe purpose of this paper is to examine the impact of owner family involvement in business on sustainable survival of family small-to-medium enterprises (SMEs) and to empirically validate the intervening role of corporate social responsibility (CSR).Design/methodology/approachThe authors analyze data from 489 owner and nonowner executives of 150 family SMEs using PLS-SEM (Partial Least Square–Structural Equation Modeling).FindingsThe authors found evidence that family involvement in business positively impacts the sustainable survival of family SMEs while corporate social responsibility partially mediates this relationship. Apart from effective family involvement in business, active involvement in social causes enhances a firm's ability to survive longer.Research limitations/implicationsThis study was conducted in a geographic context and data were collected from family-managed and controlled firms. Further research is needed to generalize the findings to all types of family firms in the global context. In an Islamic society, family firms need to invest in social causes, human development, and environmental sustainability through zakat, sadaqat, and donations.Practical implicationsThe findings imply that family firms require stakeholder-centric competitive strategies and socially responsible behavior along with effective family control, commitment, enrichment, and successful succession since the path to sustainable survival goes through CSR.Originality/valueSurvival is the biggest challenge facing family SMEs forcing them to achieve the ability to sustain longer. Rooted in transaction cost economics (TCE) theory of the family firm and stakeholder theory, this paper validates an integrative model for family SMEs' sustainable survival.

Innovation and internationalization in family SMEs: analyzing the role of family involvement

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Mikel Alayo ◽  
Txomin Iturralde ◽  
Amaia Maseda
Keyword(s):  
Family Involvement ◽  
Structural Equation ◽  
Family Firms ◽  
Equation Modeling ◽  
Strategic Decisions ◽  
Content Type ◽  
Innovation Activities ◽  
Family Smes ◽  
New Evidence ◽  
The Relationship

PurposeThe aim of this paper is to provide new evidence on the ability of family small- and medium-sized enterprises (SMEs) to develop ambidextrous innovations and their influence on the internationalization processes, showing how this relationship varies due to family involvement.Design/methodology/approachThe analysis is based on a sample of 186 Spanish family SMEs. Data were analyzed using structural equation modeling.FindingsThe results indicate that family SMEs' innovation activities are a stimulus for their internationalization process, and show the importance of family involvement in this relationship. Specifically, the findings suggest that family-specific characteristics such as the generation in charge of the business and the level of family involvement in the top management team (TMT) shape the relationship between innovation and internationalization.Practical implicationsFamily SMEs need to focus on exploratory and exploitative innovations to obtain a competitive advantage in foreign markets, and thus, increase their internationalization level. Furthermore, the study contributes to a better understanding of the consequences of family involvement, increasing our knowledge of family firms' idiosyncratic behaviors in strategic activities. The study suggests that in order to improve the effect of innovation on internationalization, family owners should consider involving new generations and non-family managers within the decision-making structures.Originality/valueTo date, research on innovation-internationalization link in family SMEs has been fragmented and has not obtained conclusive results. This study provides new evidence on the relationship between these two important strategies. Furthermore, it contributes to the understanding of the influence of the family in shaping strategic decisions.

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