2. 'How Did I Become a Leader in My Family Firm?' Assets for Succession in Contemporary Lisbon Financial Elites

Elites ◽  
2000 ◽  
pp. 31-51 ◽  
Author(s):  
Antónia Pedroso de Lima
Keyword(s):  
Family Firm ◽  
Firm Assets

Vermögensmanagement in großen Unternehmerfamilien: Zwischen individuellem Anspruch und kollektiver Verantwortung

2020 ◽  
Vol 68 (3-4) ◽  
pp. 191-217
Author(s):  
Tobias Köllner ◽  
Fabian Simons ◽  
Heiko Kleve ◽  
Arist von Schlippe ◽  
Tom A. Rüsen
Keyword(s):  
Family Firms ◽  
Family Firm ◽  
Family Management ◽  
Family Networks ◽  
Large Group ◽  
Wealth Management ◽  
Central Topic ◽  
German Family ◽  
The Family ◽  
Firm Assets

Zusammenfassung In großen, mehrgenerationalen Unternehmerfamilien ist ein zentrales Thema des Familienmanagements die Regulierung des Umgangs mit dem Vermögen, die Regulierung von Verkaufsabsichten und die Unterstützung der vielen Gesellschafter bei Vermögensfragen. In der Forschung wurden dafür sieben große deutsche Familienunternehmen (zwischen 80 und 650 Gesellschafter) untersucht. Diese Gesellschafterkreise lassen sich theoretisch weniger als Familien, sondern eher als Fami­liennetzwerke rekonstruieren (Unternehmerfamilien 3.0). Die Fragen nach dem Umgang mit Vermögen zeigten vier Spannungsfelder, die sehr unterschiedlich gehandhabt werden. Abstract In large business families with several generations a central topic of the family management is the regulation of family firm assets, individual benefits and support for the large group of shareholders concerning individually and collectively held assets. Seven large German family firms (between 80 and 650 shareholders) have been analyzed. These groups of shareholders could be theoretical reconstructed less than families, but rather as family networks (business families 3.0). The questions of wealth management showed four areas of tension, which are handled completely different.

scholarly journals The role of dyadic interactions between CEOs, chairs and owners in family firm governance

2021 ◽  
Author(s):  
Hanna Maria Sievinen ◽  
Tuuli Ikäheimonen ◽  
Timo Pihkala
Keyword(s):  
Decision Making ◽  
Cognitive Conflict ◽  
Family Firm ◽  
Dyadic Interaction ◽  
Dyadic Interactions ◽  
Board Processes ◽  
Governance Process ◽  
Back Stage ◽  
Firm Owners

AbstractThe objective of this case-based study is to understand how the dyadic interaction between the key governance actors can influence the decision-making aimed at directing and controlling a family firm. The study provides evidence that dyadic interaction at the back stage of the formal governance process can offer a privileged position for the family firm owners who serve on the board, and the non-family member Chair of the Board, to influence decision-making before, after and between board meetings. The cases studied suggest that dyadic interactions can serve as preparation for formal board processes and complement and clarify them, yet they also have the potential to conflict with them. Dyadic interaction is also shown to offer important relational and emotional benefits that may not necessarily be achieved through larger group interaction. The findings suggest that although the actors can self-regulate their behaviour through informal rules, the rules may imperfectly address one risk of dyadic interaction—the reduced cognitive conflict among the board.

scholarly journals Investors’ Reactions to CSR News in Family Versus Nonfamily Firms: A Study on Signal (In)credibility

2021 ◽  
pp. 104225872110104
Author(s):  
Naciye Sekerci ◽  
Jamil Jaballah ◽  
Marc van Essen ◽  
Nadine Kammerlander
Keyword(s):  
Stock Market ◽  
Event Study ◽  
Family Firms ◽  
Signaling Theory ◽  
Family Firm ◽  
Stock Market Index ◽  
Important Condition ◽  
Post Hoc Analysis ◽  
Market Index ◽  
Post Hoc

We study family firm status as an important condition in signaling theory; specifically, we propose that the market reacts more positively to positive, and more negatively to negative, CSR news (i.e., signals) from family firms than to similar news from nonfamily firms. Moreover, we propose that during recessions, the direction of these relationships reverses. Based on an event study of 1247 positive and negative changes in the CSR ratings for all firms listed on the French SFB120 stock market index (2003-2013), we find support for our hypotheses. Moreover, a post hoc analysis reveals that the relationships are contingent on whether a family CEO leads the firm.

How promoting a family firm image affects customer perception in the age of social media

2019 ◽  
Vol 10 (1) ◽  
pp. 28-37 ◽  
Author(s):  
Johanna Zanon ◽  
Ursula Scholl-Grissemann ◽  
Andreas Kallmuenzer ◽  
Nikolas Kleinhansl ◽  
Mike Peters
Keyword(s):  
Social Media ◽  
Family Firm ◽  
Customer Perception

Feuding Families: When Conflict Does a Family Firm Good

2004 ◽  
Vol 28 (3) ◽  
pp. 209-228 ◽  
Author(s):  
Franz W. Kellermanns ◽  
Kimberly A. Eddleston
Keyword(s):  
Family Firm

“We are a family firm”

2018 ◽  
Vol 8 (1) ◽  
pp. 2-21 ◽  
Author(s):  
Claudia Binz Astrachan ◽  
Isabel C. Botero
Keyword(s):  
Family Business ◽  
Family Firms ◽  
Family Firm ◽  
Business Owners ◽  
Public Companies ◽  
Content Type ◽  
Brand Building ◽  
Depth Interview ◽  
The Family ◽  
Family Associations

Purpose Evidence suggests that some stakeholders perceive family firms as more trustworthy, responsible, and customer-oriented than public companies. To capitalize on these positive perceptions, owning families can use references about their family nature in their organizational branding and marketing efforts. However, not all family firms actively communicate their family business brand. With this in mind, the purpose of this paper is to investigate why family firms decide to promote their “family business brand” in their communication efforts toward different stakeholders. Design/methodology/approach Data for this study were collected using an in-depth interview approach from 11 Swiss and German family business owners. Interviews were transcribed and coded to identify different themes that help explain the different motives and constraints that drive their decisions to promote the “family business brand.” Findings The analyses indicate that promoting family associations in branding efforts is driven by both identity-related (i.e. pride, identification) and outcome-related (e.g. reputational advantages) motives. However, there are several constraints that may negatively affect the promotion of the family business brand in corporate communication efforts. Originality/value This paper is one of the first to explore why family businesses decide to communicate their “family business brand.” Building on the findings, the authors present a conceptual framework identifying the antecedents and possible consequences of promoting a family firm brand. This framework can help researchers and practitioners better understand how the family business nature of the brand can influence decisions about the company’s branding and marketing practices.

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