Family Firm Values Explaining Family Firm Heterogeneity

2019 ◽  
Vol 32 (2) ◽  
pp. 195-215 ◽  
Author(s):  
Sabine B. Rau ◽  
Viktoria Schneider-Siebke ◽  
Christina Günther
Keyword(s):  
Family Firms ◽  
Firm Behavior ◽  
Firm Heterogeneity ◽  
Family Firm ◽  
Future Research

Family firm heterogeneity results in reduced predictability of firm behavior as well as inconsistent results regarding research on family firm behavior. We argue that family firm heterogeneity is based, among other factors, on values heterogeneity. In order to lay the ground for future research, we develop a taxonomy of family firms based on values. Using values theory, we identify six value categories, resulting in five family firm types with five distinct value profiles. Second, we posit family firm values profiles are distinct to the group of family firms as nonfamily firms do not display similar value profiles.

Unmasking the Social Ghost in the Machine: How the Need to Belong and Family Business Potency Affect Family Firm Performance

2020 ◽  
Vol 33 (4) ◽  
pp. 351-371
Author(s):  
Nastaran Simarasl ◽  
David S. Jiang ◽  
Franz W. Kellermanns ◽  
Bart J. Debicki
Keyword(s):  
Firm Performance ◽  
Family Business ◽  
Family Cohesion ◽  
Family Firms ◽  
Firm Heterogeneity ◽  
Psychological Research ◽  
Family Firm ◽  
Future Research ◽  
Need To Belong ◽  
The Social

Research often assumes that a controlling family’s social bonds contributes to superior firm performance. However, there is little theory to address these relationships and findings are often mixed. Here, we integrate resource-based and need-to-belong theories to address these issues, introducing family business potency as a key mediating variable between family cohesion, participative strategy processes, and firm performance in 109 family firms. Altogether, our study answers ongoing theoretical calls for more need-based psychological research in family firms, introduces family business potency to the literature, and contributes to research on family firm heterogeneity. Implications for future research and practice are also discussed.

The Effects of Family Versus Career Role Salience on the Performance of Family and Nonfamily Firms

2009 ◽  
Vol 22 (1) ◽  
pp. 39-52 ◽  
Author(s):  
Tim Barnett ◽  
Kimberly Eddleston ◽  
Franz Willi Kellermanns
Keyword(s):  
Family Firms ◽  
Family Firm ◽  
Performance Outcomes ◽  
Theory And Practice ◽  
Future Research ◽  
Role Salience ◽  
Family Versus ◽  
Future Research Directions ◽  
Using Data ◽  
The Relationship

This study investigated how the relative salience of business owners' family and career roles might influence performance outcomes in family versus nonfamily firms. Using data from 156 family and nonfamily firms, the data show that family firm status moderates the relationships such that the career role salience of a business owner is positively and more strongly associated with performance outcomes in family firms than in nonfamily firms. Conversely, the data show that family firm status negatively moderates the relationship between the business owner's family role salience and expansion activities. Implications for theory and practice, as well as future research directions, are discussed.

Research on Women in Family Firms

2009 ◽  
Vol 22 (1) ◽  
pp. 53-64 ◽  
Author(s):  
Rocio Martinez Jimenez
Keyword(s):  
Family Firms ◽  
Family Firm ◽  
Current Work ◽  
Future Research ◽  
Leadership Positions ◽  
Research And Practice ◽  
The Family ◽  
Research Questions

Based on a review of 48 articles and other research works published since 1985, the current work examines both obstacles to and positive aspects of women's involvement in family firms. The most important findings of this work concern the important role that wives play for the continuity and growth of the family firm and the factors that can help or hinder daughters to progress professionally and achieve leadership positions in this type of firm. Research questions and methods and implications for future research and practice are also presented.

scholarly journals How Family, Business, and Community Logics Shape Family Firm Behavior and “Rules of the Game” in an Organizational Field

2015 ◽  
Vol 28 (4) ◽  
pp. 292-311 ◽  
Author(s):  
Trish Reay ◽  
Peter Jaskiewicz ◽  
C. R. (Bob) Hinings
Keyword(s):  
Family Business ◽  
Family Firms ◽  
Firm Behavior ◽  
Institutional Logics ◽  
Family Firm ◽  
Western Canada ◽  
Organizational Field ◽  
Different Types ◽  
Institutional Contexts ◽  
Rules Of The Game

The relationships between family firms and their institutional contexts are critical to family firm legitimacy and sustainability. However, we still know little about how these relationships influence firm behavior. We draw on the institutional literature—institutional logics in particular—to investigate the behavior of different types of wineries within the Okanagan region in Western Canada. We analyze how family, business, and community logics guide firm behavior, and how different combinations of logics lead firms to take action that modifies the field to support their own legitimacy and sustainability.

scholarly journals The Role of Innovation in Small and Medium-Sized Family Firms: A Literature Review

2021 ◽  
Vol 9 (5) ◽  
pp. 102-120
Author(s):  
Ondrej Zizlavsky ◽  
Nikola Janickova
Keyword(s):  
Czech Republic ◽  
Firm Growth ◽  
Family Firms ◽  
Family Firm ◽  
Future Research ◽  
Value Drivers ◽  
The Czech Republic ◽  
Definition Of ◽  
The Relationship

This article builds on existing family business research conducted worldwide and embeds the research results in the Czech context to portray the Czech Republic as a critically important context for extending our knowledge on important family firms’ topics. In this article, we present a systematic review and integration of 69 articles published in peer-reviewed journals by Elsevier, Emerald, Wiley and others from 2015 to 2021 in order to answer two research questions: what is the role of innovation in SME family firms and what drives the innovation in family firms? Specifically, the content of the article discusses the new definition of family firm in the Czech Republic; the relationship between innovation and family firm growth; and some contextual factors that might affect the innovations in the Czech SME family firms: ability and willingness paradox, socioemotional wealth, and familiness. The insights of this review are used to develop suggestions for future research in setting the value of family firm where innovation can play an essential role as one of the core value drivers.

scholarly journals Radical innovation in family firms: a systematic analysis and research agenda

2020 ◽  
Vol 26 (6) ◽  
pp. 1199-1234 ◽  
Author(s):  
Qilin Hu ◽  
Mathew Hughes
Keyword(s):  
Family Firms ◽  
Radical Innovation ◽  
Family Firm ◽  
Critical Discussion ◽  
Incremental Innovation ◽  
Future Research ◽  
Firm Innovation ◽  
Systematic Analysis ◽  
Content Type ◽  
Research Questions

PurposeInvestigation of family firm radical innovation is burgeoning but far less prevalent than studies of family firm innovation in general. Concurrently, studies repeatedly report that family firms exhibit mostly conservative and incremental innovation rather than more radical ones. This is unfortunate because without radical innovation, family firms risk a competency trap in which long-term competitiveness is lost to more innovative rivals. This situation has led to urgent calls among scholars to explicitly acknowledge the heterogeneity of family firm innovation and to understand the conditions for family firm radical innovation.Design/methodology/approachA systematic review of 51 papers categorized into four scholarly conversations build the foundation for a critical discussion of each line of inquiry.FindingsThe authors analyze 51 leading articles and identify four persistent theoretical positions: (1) RBV and capabilities, (2) agency and stewardship, (3) behavioral agency and socioemotional wealth, and (4) the ability and willingness paradox. The authors identify key research problems and research questions needing urgent scholarly and present a framework that captures their complementary and competing assumptions to enable rigorous future research.Originality/valueTo galvanize and spearhead future research efforts, this paper provides a critical analysis of our understanding of family firm radical innovation with a specific emphasis on the theoretical assumptions at the core of existing investigations and the eight most important research questions in need of answers.

Brand management research in family firms

2016 ◽  
Vol 6 (3) ◽  
pp. 225-250 ◽  
Author(s):  
Susanne Beck
Keyword(s):  
Family Firms ◽  
Brand Management ◽  
Family Firm ◽  
Future Research ◽  
Practical Relevance ◽  
Management Research ◽  
Research Directions ◽  
Content Type ◽  
Future Research Directions ◽  
Research Questions

Purpose The purpose of this paper is to highlight the relevance of conducting brand management research in a family firm context and to identify future research directions by reviewing and structuring the existing literature. Design/methodology/approach The potential consequences of being a family firm on internal organizational processes and stakeholders’ external perception are depicted. Afterwards the literature considering brand management research in family firms is reviewed systematically (n=41) and structured by applying the Organizational Viewpoint Framework. Relevant research questions are derived based on the findings and their practical relevance is tested. Findings The contributions are threefold. First, depicting the effects of being a family firm on the organization and its stakeholders highlights the relevance of conducting brand management research in family firms. Second, structuring the literature regarding the effects of being a family firm on organizational identity, intended brand image, construed brand image, and reputation helps derive research questions of theoretical and practical relevance that will serve the field as a guide for future research directions. Third, by extending the Organizational Viewpoint Framework originating from brand management research with the element of being a family firm, a further attempt at bridging both research fields is undertaken. Originality/value This paper represents an important next step in the development of this research field by highlighting the importance of conducting brand management research in a family firm context and by structuring existent research to depict future research opportunities with theoretical and practical relevance.

A systematic review of innovation in family firms and future research agenda

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Manzoor Ul Akram ◽  
Koustab Ghosh ◽  
Dheeraj Sharma
Keyword(s):  
Dynamic Capabilities ◽  
Family Firms ◽  
Institutional Environment ◽  
Family Firm ◽  
Strategic Decision ◽  
Future Research ◽  
Research Directions ◽  
Content Type ◽  
Future Research Agenda ◽  
Future Research Directions

PurposeIn this paper, the authors have used a systematic literature review methodology of 147 journal articles published in peer-reviewed journals. The analysis includes studies based on country of origin, the periodic proliferation of studies and the methodological design of the studies. As an outcome of the review, the studies are classified on the innovation in family firms under four broad categories – innovation input, family governance mechanisms, innovation output and the external environment. Some fruitful avenues of research are outlined in this domain.Design/methodology/approachThe literature on innovation in family firms – the most dominant and ubiquitous form of organization across the world – is gaining pace. The influence of family by way controlling ownership, management and governance on, and in interaction with business acts as a complex proposition that shapes the strategic decision-making in the family firm including innovation. The purpose of this paper, therefore, is to advance the understanding of innovation in family firms and provide a list of future research questions of theoretical and practical value.FindingsBased on this review, the authors provide future research directions pertaining to innovation in emerging economy family firms, effect of the institutional environment of family firm innovation as well family firms' innovativeness in the wake of pro-market reforms, different classes of ownership in family firms and innovation, family firm goal heterogeneity and innovation, and family firm dynamic capabilities and innovation.Originality/valueThe review provides a comprehensive understanding, trends and future research directions in the domain of innovation in family firms.

Family firm heterogeneity on CSR approach: A socio-emotional (SEW) perspective

2021 ◽  
pp. 234094442110638
Author(s):  
Julio Diéguez-Soto ◽  
Marta Campos-Valenzuela ◽  
Ángela M. Callejón-Gil ◽  
Ignacio Aldeanueva-Fernández
Keyword(s):  
Family Firms ◽  
Firm Heterogeneity ◽  
Family Firm ◽  
Study Data ◽  
Jel Classification ◽  
Negative Valence ◽  
Ethics Research ◽  
Interpretative Approach ◽  
Corporate Social

How family firms adopt a certain corporate social responsibility (CSR) approach remains a relatively unexplored matter in family firm and firm ethics research. Hence, we study how and why the CSR approach (broad vs. narrow; benefits vs. costs) differs within family firms, addressing the influence of the socio-emotional wealth (SEW) dimensions, individually or combined. We used empirical evidence gathered through 13 case studies of firms from the Andalusia region and we used the interpretative approach of the grounded theory based on case study data. Results of our analyses lead to propose that family firms with a higher identification and more positive than negative valence with regard to emotional attachment and family enrichment dimensions will be more likely to exhibit a broad approach of CSR. Likewise, those family firms adopting CSR actions with stakeholders due to instrumental use of image and reputation dimension will more probably display a benefits approach. JEL CLASSIFICATION: L26; M14

A Typology of Family Firms: An Investigation of Entrepreneurial Orientation and Performance

2019 ◽  
Vol 32 (2) ◽  
pp. 174-194 ◽  
Author(s):  
Laura J. Stanley ◽  
Remedios Hernández-Linares ◽  
María Concepción López-Fernández ◽  
Franz W. Kellermanns
Keyword(s):  
Life Cycle ◽  
Entrepreneurial Orientation ◽  
Latent Profile Analysis ◽  
Family Firms ◽  
Firm Heterogeneity ◽  
Profile Analysis ◽  
Family Firm ◽  
Family Influence ◽  
Firm Life Cycle ◽  
And Performance

Drawing on family firm heterogeneity research, we develop a typology of family firms using differences in family influence and firm life cycle. We offer hypotheses regarding the relationships between the different firm types and two important outcomes: Entrepreneurial orientation (EO) and performance. Applying latent profile analysis to a sample of 684 Spanish and Portuguese family firms using variables related to family influence (i.e., ownership, family CEO) and firm life cycle (i.e., generational management, size, and presence of board of directors), we find four family firm types, which differentially affect EO and performance. Implications of our findings for EO, family firm performance, and the development of family firm typologies are discussed.

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