Stakeholder Goals In Family Businesses: Evidence From Upper Austria

2012 ◽  
Vol 11 (11) ◽  
pp. 1203
Author(s):  
Bernhard Gartner ◽  
Birgit Feldbauer-Durstmuller ◽  
Christine Duller
Keyword(s):  
Stakeholder Theory ◽  
Family Business ◽  
Management Accounting ◽  
Family Businesses ◽  
Business Research ◽  
Stakeholder Satisfaction ◽  
Upper Austria ◽  
Determining Factors ◽  
Firm Type ◽  
Number Of Publications

Research into the field of management accounting practices in family businesses is growing. A considerable number of publications in this field are now dedicated to exploring the differences between family and non-family businesses. This paper investigates stakeholder satisfaction and stakeholder information, which have thus far been neglected fields, both in management accounting and in family business research. Based on both contingency and stakeholder theory, we find that the contextual factors - firm type and firm size - cannot be regarded as determining factors in firms stakeholder goals.

Professional Management in Family Businesses: Toward an Extended Understanding

2008 ◽  
Vol 21 (1) ◽  
pp. 51-69 ◽  
Author(s):  
Annika Hall ◽  
Mattias Nordqvist
Keyword(s):  
Cultural Competence ◽  
Family Business ◽  
Cultural Theory ◽  
Business Management ◽  
Family Businesses ◽  
Business Research ◽  
Dominant Meaning ◽  
Case Research ◽  
Professional Management ◽  
Family Membership

Our purpose is to challenge the dominant meaning of professional management in family business research and to suggest an extended understanding of the concept. Based on a review of selected literature on professional management and with insights from cultural theory and symbolic interactionism, we draw on interpretive case research to argue that professional family business management rests on two competencies, formal and cultural, of which only the former is explicitly recognized in current family business literature. We elaborate on the meanings and implications of cultural competence and argue that without it a CEO of a family business is likely to work less effectively, no matter how good the formal qualifications and irrespective of family membership.

Revisiting the Study of Family Businesses: Methodological Challenges, Dilemmas, and Alternative Approaches

1998 ◽  
Vol 11 (3) ◽  
pp. 239-252 ◽  
Author(s):  
Mary Winter ◽  
Margaret A. Fitzgerald ◽  
Ramona K. Z. Heck ◽  
George W. Haynes ◽  
Sharon M. Danes
Keyword(s):  
Empirical Evidence ◽  
Family Business ◽  
Methodological Approach ◽  
Family Businesses ◽  
Business Research ◽  
Internal Dynamics ◽  
Methodological Challenges ◽  
The Family ◽  
Alternative Approaches ◽  
Social Units

Family businesses are vital but understudied economic and social units. Previous family business research is limited relative to its definitions, sampling, and resulting empirical evidence. This paper presents an alternative methodological approach to the study of family businesses with the potential for allowing multiperspective and detailed analyses of the nature and internal dynamics of both the family and the business and the interaction between the two.

Strategic Consistency of Exploration and Exploitation in Family Businesses

2013 ◽  
Vol 27 (1) ◽  
pp. 51-71 ◽  
Author(s):  
Todd W. Moss ◽  
G. Tyge Payne ◽  
Curt B. Moore
Keyword(s):  
Panel Data ◽  
Family Business ◽  
Family Businesses ◽  
High Tech ◽  
Complex Nature ◽  
Organizational Size ◽  
Environmental Dynamism ◽  
Business Research ◽  
Exploration And Exploitation ◽  
Main Relationship

This study advances family business research by examining how the strategic consistency with which family businesses pursue exploration and exploitation initiatives affects performance. Using panel data of 94 family businesses operating in four high-tech industries over 12 years, we find that higher strategic consistency—continuity with past exploration and exploitation strategies stemming from managerial intentionality—yields higher levels of performance. This relationship is also moderated by environmental dynamism, munificence, and organizational size, which demonstrates the contingent and complex nature of the main relationship. Furthermore, in contrast to 113 nonfamily businesses, we find that the main relationship is stronger for family businesses.

Qualitative research on family businesses: The relevance and usefulness of the interpretive approach

2009 ◽  
Vol 15 (3) ◽  
pp. 294-308 ◽  
Author(s):  
Mattias Nordqvist ◽  
Annika Hall ◽  
Leif Melin
Keyword(s):  
Qualitative Research ◽  
Family Business ◽  
Quantitative Research ◽  
Family Businesses ◽  
Research Approach ◽  
Interpretive Research ◽  
Business Research ◽  
Quantitative Research Methods ◽  
Interpretive Approach ◽  
Interpretative Research

AbstractFamily business research has grown over the last decade and there are increasing requests for deeper insights into the nature and workings of these organizations. Currently, family business research is dominated by quantitative research methods. In this article, we argue that these studies should be complemented by a research approach that is more apt to capture the specific complexity and dynamics unique to family businesses. We suggest that the interpretive approach within the broader umbrella of qualitative methods has this potential. The article discusses issues, choices, requirements and implications for family business scholars engaged in interpretive research. We also offer suggestions for how editors and reviewers can assess interpretative research.

Management accounting research in family businesses: a review of the status quo and future agenda

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Kumudu Kapiyangoda ◽  
Tharusha Gooneratne
Keyword(s):  
Family Business ◽  
Family Firms ◽  
Management Accounting ◽  
Status Quo ◽  
Family Businesses ◽  
Content Type ◽  
Accounting Research ◽  
Informal Controls ◽  
Business Studies ◽  
The Status

Purpose This paper aims to review prior management accounting research founded upon family businesses. It presents the status quo, uncovers gaps in existing literature and postulates avenues for future scholarly inquiry. Design/methodology/approach In carrying out this review, a search was conducted accessing three search engines: Emerald insight, JSTOR and ScienceDirect encompassing journals which have published family business and management accounting research. Accordingly, 50 papers spanning 28 journals were identified as relevant and selected for review. Findings The review suggests that amid heightened research interest, while literature on management accounting in the realm of family firms has accelerated across time, how peculiarities of family businesses get articulated in the management accounting practices they deploy deserve further study. It also became evident that currently little is known on the use of various traditional and contemporary control practices, sustainability accounting and infusion of new management accounting ideas as well as the use of informal controls, which are very real to family businesses. Research limitations/implications This paper contributes to the on-going knowledge debates on management accounting in family businesses and provides directions to potential researchers by illuminating the status quo of research and issues of significance which so far has been neglected. Practical implications This review, being placed at the nexus of management accounting and family businesses, offers lessons and insights to family business owners, managers and policymakers for the smooth functioning of businesses using management accounting insights. Originality/value Although a vast majority of family business studies in management accounting and controls have been published from 2013 onward, existing reviews capture publications up to 2012. Building upon, yet moving beyond reviews to date, and encompassing latest publications, this paper advances our understanding on the state of management accounting research in the field of family business.

Research on innovation in family businesses: are we building an ivory tower?

2017 ◽  
Vol 7 (1) ◽  
pp. 44-92 ◽  
Author(s):  
Elena Fuetsch ◽  
Julia Suess-Reyes
Keyword(s):  
Family Business ◽  
Design Methodology ◽  
Family Businesses ◽  
Recent Criticism ◽  
Practical Relevance ◽  
Journal Articles ◽  
Business Research ◽  
Content Type ◽  
Innovation Research ◽  
Practical Implications

Purpose One of the central requirements of research is that the knowledge acquired should not only be academically rigorous, but also socially useful. If an article fails to address practical relevance, the audience will question its value and respond with “so what?”. Due to recent criticism regarding the practical relevance of innovation research, the purpose of this paper is to examine whether a similar “ivory divide” prevails in research on innovation in family businesses. More specifically, this paper investigates to what extent and at what depth researchers generate practical implications for innovation in family businesses. Furthermore, different strategies to bridge the “ivory divide” are discussed. Design/methodology/approach This literature review systematically analyses the findings of 50 journal articles focusing on innovation in family businesses published between 2004 and 2015. Based on this, the articles are classified according to their degree of practical relevance. Findings Although the findings unanimously show the relevance of innovation for strengthening business’s performance, only a minority of articles offer in-depth implications for practitioners in terms of practical guidance for action and application-oriented recommendations. A number of reasons for the development of this “ivory divide” are discussed and suggestions for how the connection between research and practice could be strengthened are provided. Originality/value This paper attempts to provide an impulse toward more practically oriented family business research in order to increase its interestingness to academics and its value to practitioners.

Managing Boundaries Through Identity Work

2013 ◽  
Vol 26 (4) ◽  
pp. 333-355 ◽  
Author(s):  
Joshua R. Knapp ◽  
Brett R. Smith ◽  
Glen E. Kreiner ◽  
Chamu Sundaramurthy ◽  
Sidney L. Barton
Keyword(s):  
Family Business ◽  
Identity Theory ◽  
Identity Work ◽  
Family Businesses ◽  
Qualitative Approach ◽  
Boundary Theory ◽  
Boundary Management ◽  
Business Research ◽  
Organizational Identities

Drawing on boundary and identity theories, we examine how individuals manage boundaries in family businesses. Using an inductive, qualitative approach based on interviews of 44 individuals in four family businesses, we find organizational members use 13 identity work tactics, collectively labeled social boundary management, to create and manage boundaries for both individual and organizational identities. We illustrate how individuals use identity work tactics to integrate and segment themselves and others between the domains of family and business. Our findings have implications for family business research, boundary theory, and identity theory.

Effects of Family-to-Work Conflict on Business Owners

2011 ◽  
Vol 25 (2) ◽  
pp. 178-190 ◽  
Author(s):  
Ho Kwong Kwan ◽  
Victor P. Lau ◽  
Kevin Au
Keyword(s):  
Job Satisfaction ◽  
Social Networks ◽  
Family Business ◽  
Business Owners ◽  
Family Businesses ◽  
Business Research ◽  
Personal Lives ◽  
Chinese Business ◽  
Work Conflict ◽  
The Relationship

Family plays an important part in personal lives, career success, and organizational success. This study examines how type of businesses (family business vs. nonfamily business) moderates the relationships between family-to-work conflict (FWC) and job satisfaction and social networks. Results of a study on 158 Chinese business owners indicate that among nonfamily businesses, the relationship between owners’ FWC and job satisfaction is negative, whereas the relationship between their FWC and social networks is positive. Among family businesses, in comparison, owners’ FWC is not related to their job satisfaction and social networks. It is hoped that these findings will offer a springboard for future family business research.

Qualitative research on family businesses: The relevance and usefulness of the interpretive approach

2009 ◽  
Vol 15 (3) ◽  
pp. 294-308 ◽  
Author(s):  
Mattias Nordqvist ◽  
Annika Hall ◽  
Leif Melin
Keyword(s):  
Qualitative Research ◽  
Family Business ◽  
Quantitative Research ◽  
Family Businesses ◽  
Research Approach ◽  
Interpretive Research ◽  
Business Research ◽  
Quantitative Research Methods ◽  
Interpretive Approach ◽  
Interpretative Research

AbstractFamily business research has grown over the last decade and there are increasing requests for deeper insights into the nature and workings of these organizations. Currently, family business research is dominated by quantitative research methods. In this article, we argue that these studies should be complemented by a research approach that is more apt to capture the specific complexity and dynamics unique to family businesses. We suggest that the interpretive approach within the broader umbrella of qualitative methods has this potential. The article discusses issues, choices, requirements and implications for family business scholars engaged in interpretive research. We also offer suggestions for how editors and reviewers can assess interpretative research.

INSTITUTIONALISATION OF MANAGEMENT ACCOUNTING IN FAMILY BUSINESSES — EMPIRICAL EVIDENCE FROM AUSTRIA AND GERMANY

2012 ◽  
Vol 20 (04) ◽  
pp. 405-436 ◽  
Author(s):  
MARTIN R. W. HIEBL ◽  
BIRGIT FELDBAUER-DURSTMÜLLER ◽  
CHRISTINE DULLER ◽  
HERBERT NEUBAUER
Keyword(s):  
Firm Size ◽  
Management Accounting ◽  
Family Businesses ◽  
Family Influence ◽  
Family Management ◽  
Corporate Management ◽  
Survey Results ◽  
Firm Type ◽  
Set Up ◽  
University Degree

This study investigates whether family businesses (FBs) differ from non-family businesses (NFBs) regarding the institutionalisation of management accounting. Furthermore, it analyses whether FB-specific contextual factors such as the existence of non-family management and the level of family influence affect the establishment of discrete management accounting departments. Six hypotheses are formulated and tested based on survey results from 479 firms from Austria and 418 firms from Germany. Our results indicate that FBs establish fewer management accounting departments than NFBs do and that the heads of management accounting in FBs are less likely to hold a university degree compared with their counterparts in NFBs. Moreover, within FBs, larger firm size and the existence of non-family management are positively correlated with the establishment of management accounting departments, where firm size acts as the strongest predictor. As firm type (FB vs. NFB) emerged as a significant contextual factor for the institutionalisation of management accounting, this factor should be included in future studies of the organisation and set-up of the corporate management accounting function. Moreover, deeper investigation into the drivers and outcomes of FB-specific management accounting institutionalisation is needed.

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