Journal of Family Business ManagementTable of Contents for Journal of Family Business Management. List of articles from the current issue, including Just Accepted (EarlyCite)https://www.emerald.com/insight/publication/issn/2043-6238/vol/14/iss/1?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestJournal of Family Business ManagementEmerald Publishing LimitedJournal of Family Business ManagementJournal of Family Business Managementhttps://www.emerald.com/insight/proxy/containerImg?link=/resource/publication/journal/8af36fdfad070a3b779807a32113a0e4/urn:emeraldgroup.com:asset:id:binary:jfbm.cover.jpghttps://www.emerald.com/insight/publication/issn/2043-6238/vol/14/iss/1?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestEditorial: Developing a research question in family business management researchhttps://www.emerald.com/insight/content/doi/10.1108/JFBM-03-2024-304/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestEditorial: Developing a research question in family business management researchEditorial: Developing a research question in family business management research
Vanessa Ratten
Journal of Family Business Management, Vol. 14, No. 1, pp.1-1]]>
Editorial: Developing a research question in family business management research10.1108/JFBM-03-2024-304Journal of Family Business Management2024-02-20© 2023 Emerald Publishing LimitedVanessa RattenJournal of Family Business Management1412024-02-2010.1108/JFBM-03-2024-304https://www.emerald.com/insight/content/doi/10.1108/JFBM-03-2024-304/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Emerald Publishing Limited
Gender diversity and corporate financial distress in the Pakistan stock market: the interacting effect of family-controlled companieshttps://www.emerald.com/insight/content/doi/10.1108/JFBM-03-2023-0035/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestAs the benefit of gender diversity continues to receive significant attention, a holistic investigation of its effect on corporate financial distress (CFD) is lacking. Therefore, this study examines the effects of board gender diversity, measured in different forms, such as the presence and proportion of female directors, family-affiliated female directors and the chief executive officer (CEO) gender, on CFD in Pakistan. The study also investigates the interacting effects of family-controlled (20 and 50% family-owned) companies on the association between board gender diversity and CFD. The study applied the pooled cross-sectional logistic regression model to examine the effect of board gender diversity (presence and proportion of female directors, family-affiliated female directors and CEO gender) on CFD through a sample of 285 non-financial companies in Pakistan over the period of 2006–2017. The results reveal that gender diversity on boards is significantly and negatively associated with CFD in Pakistan. In addition, when family ownership is 50% or more, the interacting effect of family control is found to be significant, while gender effects remain negative. The results suggest that female directors contribute to the long-term viability of companies, especially family-owned companies. Female directors are also found to be more prevalent in family-owned companies compared to their non-family counterparts. The findings imply that female directors may efficiently manage and control all functions necessary to guarantee the company's long-term prosperity. Similarly, gender effects can outweigh the detrimental impact of family control when female directors are in reasonable numbers and of high quality in the boardroom. The practical relevance of the findings is that female directors play a significant role on the corporate board. Thus, it is a wakeup call for Pakistani companies to recognize the critical role and uniqueness of women on the corporate ladder. Family companies can also galvanize on the uniqueness of women to improve their governance structure. This study adds to the literature on the benefits of gender diversity in family and non-family-owned companies. Specifically, this study applied multiple measures of gender diversity and family control in a single study. In addition, the study was conducted in a country that is ranked as the second worst country in the Global Gender Gap Index 2022, implying that investigating this type of research would go a long way towards changing the minds of corporate executives and regulators about the critical role that women can play in the economy.Gender diversity and corporate financial distress in the Pakistan stock market: the interacting effect of family-controlled companies
Hafiz Muhammad Muien, Sabariah Nordin, Bazeet Olayemi Badru
Journal of Family Business Management, Vol. 14, No. 1, pp.2-27

As the benefit of gender diversity continues to receive significant attention, a holistic investigation of its effect on corporate financial distress (CFD) is lacking. Therefore, this study examines the effects of board gender diversity, measured in different forms, such as the presence and proportion of female directors, family-affiliated female directors and the chief executive officer (CEO) gender, on CFD in Pakistan. The study also investigates the interacting effects of family-controlled (20 and 50% family-owned) companies on the association between board gender diversity and CFD.

The study applied the pooled cross-sectional logistic regression model to examine the effect of board gender diversity (presence and proportion of female directors, family-affiliated female directors and CEO gender) on CFD through a sample of 285 non-financial companies in Pakistan over the period of 2006–2017.

The results reveal that gender diversity on boards is significantly and negatively associated with CFD in Pakistan. In addition, when family ownership is 50% or more, the interacting effect of family control is found to be significant, while gender effects remain negative. The results suggest that female directors contribute to the long-term viability of companies, especially family-owned companies. Female directors are also found to be more prevalent in family-owned companies compared to their non-family counterparts.

The findings imply that female directors may efficiently manage and control all functions necessary to guarantee the company's long-term prosperity. Similarly, gender effects can outweigh the detrimental impact of family control when female directors are in reasonable numbers and of high quality in the boardroom.

The practical relevance of the findings is that female directors play a significant role on the corporate board. Thus, it is a wakeup call for Pakistani companies to recognize the critical role and uniqueness of women on the corporate ladder. Family companies can also galvanize on the uniqueness of women to improve their governance structure.

This study adds to the literature on the benefits of gender diversity in family and non-family-owned companies. Specifically, this study applied multiple measures of gender diversity and family control in a single study. In addition, the study was conducted in a country that is ranked as the second worst country in the Global Gender Gap Index 2022, implying that investigating this type of research would go a long way towards changing the minds of corporate executives and regulators about the critical role that women can play in the economy.

]]>
Gender diversity and corporate financial distress in the Pakistan stock market: the interacting effect of family-controlled companies10.1108/JFBM-03-2023-0035Journal of Family Business Management2023-06-07© 2023 Emerald Publishing LimitedHafiz Muhammad MuienSabariah NordinBazeet Olayemi BadruJournal of Family Business Management1412023-06-0710.1108/JFBM-03-2023-0035https://www.emerald.com/insight/content/doi/10.1108/JFBM-03-2023-0035/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Emerald Publishing Limited
Who is next? Consumer reaction to CEO succession in family firmshttps://www.emerald.com/insight/content/doi/10.1108/JFBM-05-2023-0069/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThis paper studies the impact of different chief executive officer (CEO) succession strategies on consumer evaluation of family firms. CEO succession is critical for family firms as improper succession planning has been shown to be the primary reason for high mortality rates of such firms. Furthermore, the choice of CEO (internal vs external) by family firms can send different signals to stakeholders and thereby impact their appraisal of such firms. In this paper, the authors use an experiment-based approach to test how the type of CEO succession (internal vs external) influences the consumer's evaluation of family firms. The authors find that appointing an internal CEO leads to higher perception of firm capability, trust towards the firm and more favorable consumer attitudes. All these factors, in turn, lead to higher purchase intentions. External CEOs in family firms do not seem to have any de facto advantage regarding perceptions of higher capability. Thus, the authors contribute to the literature of family firms by showing how family firm's strategic decisions during succession can affect consumer behavior.Who is next? Consumer reaction to CEO succession in family firms
Subhadeep Datta, Sourjo Mukherjee
Journal of Family Business Management, Vol. 14, No. 1, pp.28-44

This paper studies the impact of different chief executive officer (CEO) succession strategies on consumer evaluation of family firms. CEO succession is critical for family firms as improper succession planning has been shown to be the primary reason for high mortality rates of such firms. Furthermore, the choice of CEO (internal vs external) by family firms can send different signals to stakeholders and thereby impact their appraisal of such firms.

In this paper, the authors use an experiment-based approach to test how the type of CEO succession (internal vs external) influences the consumer's evaluation of family firms.

The authors find that appointing an internal CEO leads to higher perception of firm capability, trust towards the firm and more favorable consumer attitudes. All these factors, in turn, lead to higher purchase intentions. External CEOs in family firms do not seem to have any de facto advantage regarding perceptions of higher capability.

Thus, the authors contribute to the literature of family firms by showing how family firm's strategic decisions during succession can affect consumer behavior.

]]>
Who is next? Consumer reaction to CEO succession in family firms10.1108/JFBM-05-2023-0069Journal of Family Business Management2023-06-13© 2023 Emerald Publishing LimitedSubhadeep DattaSourjo MukherjeeJournal of Family Business Management1412023-06-1310.1108/JFBM-05-2023-0069https://www.emerald.com/insight/content/doi/10.1108/JFBM-05-2023-0069/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Emerald Publishing Limited
Interlocking directorates and family firm performance: an emerging market’s perspectivehttps://www.emerald.com/insight/content/doi/10.1108/JFBM-02-2023-0018/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThis study analyses interlocking directorates from the perspective of an emerging market, Mexico, where formal institutions are weak, and family firms with high ownership concentration dominate. It responds to recent calls in the literature on interlocks, which urge the differentiation between family and non-family businesses and to complete more research on emerging economies. A database was constructed for 89 non-financial companies (52 family-owned) listed on the Mexican Stock Exchange (BMV) from 2001 to 2014. This period includes normal times and an episode of financial crisis (2009–2010). To test the hypotheses, a dynamic panel model (in two stages) is used, applying GMM. In normal times, the advantages of Board Chairman (COB) interlocks for the performance of publicly traded Mexican family firms are obtained regardless of the weak formal institutional environment. By contrast, during financial crisis, interlocking family COBs are more likely to jointly expropriate minority shareholders with actions that further their family objectives, which mitigates the positive effect of interlocks on performance. These findings contrast with the insignificant effects of COB interlocks found for non-family corporates. A new framework is proposed which, through agency theory, finds points of concordance among resource dependence and class hegemony theories, to understand the effect of interlocking directorates on the performance of family firms operating in Mexico. The results of the empirical exercise for family companies listed on BMV during normal and financial crisis periods suggest its applicability.Interlocking directorates and family firm performance: an emerging market’s perspective
Karen Watkins-Fassler, Lázaro Rodríguez-Ariza, Virginia Fernández-Pérez, Guadalupe del Carmen Briano-Turrent
Journal of Family Business Management, Vol. 14, No. 1, pp.45-63

This study analyses interlocking directorates from the perspective of an emerging market, Mexico, where formal institutions are weak, and family firms with high ownership concentration dominate. It responds to recent calls in the literature on interlocks, which urge the differentiation between family and non-family businesses and to complete more research on emerging economies.

A database was constructed for 89 non-financial companies (52 family-owned) listed on the Mexican Stock Exchange (BMV) from 2001 to 2014. This period includes normal times and an episode of financial crisis (2009–2010). To test the hypotheses, a dynamic panel model (in two stages) is used, applying GMM.

In normal times, the advantages of Board Chairman (COB) interlocks for the performance of publicly traded Mexican family firms are obtained regardless of the weak formal institutional environment. By contrast, during financial crisis, interlocking family COBs are more likely to jointly expropriate minority shareholders with actions that further their family objectives, which mitigates the positive effect of interlocks on performance. These findings contrast with the insignificant effects of COB interlocks found for non-family corporates.

A new framework is proposed which, through agency theory, finds points of concordance among resource dependence and class hegemony theories, to understand the effect of interlocking directorates on the performance of family firms operating in Mexico. The results of the empirical exercise for family companies listed on BMV during normal and financial crisis periods suggest its applicability.

]]>
Interlocking directorates and family firm performance: an emerging market’s perspective10.1108/JFBM-02-2023-0018Journal of Family Business Management2023-07-03© 2023 Emerald Publishing LimitedKaren Watkins-FasslerLázaro Rodríguez-ArizaVirginia Fernández-PérezGuadalupe del Carmen Briano-TurrentJournal of Family Business Management1412023-07-0310.1108/JFBM-02-2023-0018https://www.emerald.com/insight/content/doi/10.1108/JFBM-02-2023-0018/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Emerald Publishing Limited
Does capital structure matter? Evidence from family-owned firms in Jordanhttps://www.emerald.com/insight/content/doi/10.1108/JFBM-09-2022-0115/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThis study examines the potential impact of capital structure on the financial performance of family-owned firms in Jordan. Using panel data of 107 listed companies from 2019 to 2021, the authors use a multivariate regression model to empirically examine the role that family firms' capital structure can play in engendering financial performance in the short and long terms. This study's evidence indicates that family businesses rely on equity as their primary source of funding. This approach has been proven to be detrimental to their financial performance, as evidenced by the negative impact of capital structure on family firms' financial performance in the current study. Capital structure-related decisions are essential to a firm's performance. Thus, there have been numerous empirical studies examining the relationship between capital structure and corporate performance in various settings worldwide. However, the findings of these studies are inconclusive. Also, there are relatively few empirical studies investigating the association between capital structure and the performance of family firms in emerging countries, particularly Jordan. This study, therefore, addresses this empirical gap in extant literature.Does capital structure matter? Evidence from family-owned firms in Jordan
Lara M. Al-Haddad, Zaid Saidat, Claire Seaman, Ali Meftah Gerged
Journal of Family Business Management, Vol. 14, No. 1, pp.64-76

This study examines the potential impact of capital structure on the financial performance of family-owned firms in Jordan.

Using panel data of 107 listed companies from 2019 to 2021, the authors use a multivariate regression model to empirically examine the role that family firms' capital structure can play in engendering financial performance in the short and long terms.

This study's evidence indicates that family businesses rely on equity as their primary source of funding. This approach has been proven to be detrimental to their financial performance, as evidenced by the negative impact of capital structure on family firms' financial performance in the current study.

Capital structure-related decisions are essential to a firm's performance. Thus, there have been numerous empirical studies examining the relationship between capital structure and corporate performance in various settings worldwide. However, the findings of these studies are inconclusive. Also, there are relatively few empirical studies investigating the association between capital structure and the performance of family firms in emerging countries, particularly Jordan. This study, therefore, addresses this empirical gap in extant literature.

]]>
Does capital structure matter? Evidence from family-owned firms in Jordan10.1108/JFBM-09-2022-0115Journal of Family Business Management2023-07-05© 2023 Emerald Publishing LimitedLara M. Al-HaddadZaid SaidatClaire SeamanAli Meftah GergedJournal of Family Business Management1412023-07-0510.1108/JFBM-09-2022-0115https://www.emerald.com/insight/content/doi/10.1108/JFBM-09-2022-0115/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Emerald Publishing Limited
Turnover intentions of non-family employees in family firms – the influence of leader mindfulness, LMX quality and affective commitmenthttps://www.emerald.com/insight/content/doi/10.1108/JFBM-05-2023-0065/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestLeveraging the mindfulness theory and the social exchange theory, this study examines the influence of perceived leader mindfulness (PLM) on turnover intentions (TOI) of non-family employees (NFEs) working in family firms. The study investigates whether the above relationship is mediated by employee perceptions of leader–member exchange quality (LMX quality) and their affective commitment (AC). A conceptual framework is proposed that hypothesizes inverse relationship between PLM and TOI, which is posited to be mediated by both LMX quality and AC. The hypotheses are tested through survey data collected from 254 NFEs working in various family-owned businesses in Malaysia. The data analyzed through partial least square structural equation modeling (PLS-SEM). The results indicate that PLM has a positive influence on both LMX quality and AC. Moreover, PLM has a strong negative affect on TOI. In terms of results of mediation analysis, it appears that two mediation hypotheses out of four are significant, that is mediating effect of AC between PLM and TOI and LMX quality between PLM and AC. However, the mediating role of LMX quality between PLM and TOI and the sequential mediation hypotheses were both non-significant. The findings of the study imply is that to ensure retention of qualified and talented NFEs, mindfulness of family firm leaders plays a significant role in ensuring lower TOI. Furthermore, such a goal is better achieved by ensuring that such employees are supported through leadership that leads to their development of better LMX quality and AC towards the organization. The study however is limited, as other potential exogenous variables that may influence TOI were not considered. Losing employees that join a firm and acquire valuable skills and experience is a significant concern for family firms that are known for discriminating between employees related to the owners and outsiders. This study presents evidence for owners and managers of family firms that by focusing on mindful behavior and working towards developing better LMX quality and AC of NFEs, the organization can reduce TOI of such employees. This study contributes to the under-researched and fragmented literature on relationships between PLM among NFEs and TOI of such individuals working in family firms. Moreover, this appears to be the first study that investigates mediating roles of and LMX quality and AC among NFEs in the above relationship.Turnover intentions of non-family employees in family firms – the influence of leader mindfulness, LMX quality and affective commitment
Mohammad Rezaur Razzak, Mirza Mohammad Didarul Alam, Said Al Riyami, Sami Al Kharusi
Journal of Family Business Management, Vol. 14, No. 1, pp.77-102

Leveraging the mindfulness theory and the social exchange theory, this study examines the influence of perceived leader mindfulness (PLM) on turnover intentions (TOI) of non-family employees (NFEs) working in family firms. The study investigates whether the above relationship is mediated by employee perceptions of leader–member exchange quality (LMX quality) and their affective commitment (AC).

A conceptual framework is proposed that hypothesizes inverse relationship between PLM and TOI, which is posited to be mediated by both LMX quality and AC. The hypotheses are tested through survey data collected from 254 NFEs working in various family-owned businesses in Malaysia. The data analyzed through partial least square structural equation modeling (PLS-SEM).

The results indicate that PLM has a positive influence on both LMX quality and AC. Moreover, PLM has a strong negative affect on TOI. In terms of results of mediation analysis, it appears that two mediation hypotheses out of four are significant, that is mediating effect of AC between PLM and TOI and LMX quality between PLM and AC. However, the mediating role of LMX quality between PLM and TOI and the sequential mediation hypotheses were both non-significant.

The findings of the study imply is that to ensure retention of qualified and talented NFEs, mindfulness of family firm leaders plays a significant role in ensuring lower TOI. Furthermore, such a goal is better achieved by ensuring that such employees are supported through leadership that leads to their development of better LMX quality and AC towards the organization. The study however is limited, as other potential exogenous variables that may influence TOI were not considered.

Losing employees that join a firm and acquire valuable skills and experience is a significant concern for family firms that are known for discriminating between employees related to the owners and outsiders. This study presents evidence for owners and managers of family firms that by focusing on mindful behavior and working towards developing better LMX quality and AC of NFEs, the organization can reduce TOI of such employees.

This study contributes to the under-researched and fragmented literature on relationships between PLM among NFEs and TOI of such individuals working in family firms. Moreover, this appears to be the first study that investigates mediating roles of and LMX quality and AC among NFEs in the above relationship.

]]>
Turnover intentions of non-family employees in family firms – the influence of leader mindfulness, LMX quality and affective commitment10.1108/JFBM-05-2023-0065Journal of Family Business Management2023-07-14© 2023 Emerald Publishing LimitedMohammad Rezaur RazzakMirza Mohammad Didarul AlamSaid Al RiyamiSami Al KharusiJournal of Family Business Management1412023-07-1410.1108/JFBM-05-2023-0065https://www.emerald.com/insight/content/doi/10.1108/JFBM-05-2023-0065/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Emerald Publishing Limited
Reducing agency costs through recruitment: staffing referrals and family business successhttps://www.emerald.com/insight/content/doi/10.1108/JFBM-05-2023-0063/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThe role of family business staffing practices in their ultimate success remains largely unknown. The purpose of this paper is to test the notion that firms with greater family essence manifest their commitment by leveraging referrals as a recruitment source, which in turn is associated with higher performance. The hypothesized model posits that reduced agency costs from hiring through owner referral utilization (ORU) provide high-family essence firms with stronger performance. The study draws upon a sample of 194 small and medium-sized family business owners. Findings from OLS regression and the PROCESS model in SPSS support the hypothesis that recruiting nonfamily employees from referrals helps lessen agency conflicts and serves as an intervening mechanism in the relationship between family firm essence and firm performance. This study draws on agency theory to shed light on how family firms successfully bring nonfamily employees into the fold despite their human resource limitations. The results extend theory on family businesses by demonstrating that those with higher degrees of family essence are more likely to attract applicants via ORU. Leveraging this recruiting practice allows family businesses to hire nonfamily employees who share the values and goals of the family firm, thus lowering agency costs and fostering higher performance. More broadly, the findings offer insight into the role of staffing practices in family firm success.Reducing agency costs through recruitment: staffing referrals and family business success
James M. Vardaman, William E. Tabor, Darel C. Hargrove, Feigu Zhou
Journal of Family Business Management, Vol. 14, No. 1, pp.103-119

The role of family business staffing practices in their ultimate success remains largely unknown. The purpose of this paper is to test the notion that firms with greater family essence manifest their commitment by leveraging referrals as a recruitment source, which in turn is associated with higher performance. The hypothesized model posits that reduced agency costs from hiring through owner referral utilization (ORU) provide high-family essence firms with stronger performance.

The study draws upon a sample of 194 small and medium-sized family business owners.

Findings from OLS regression and the PROCESS model in SPSS support the hypothesis that recruiting nonfamily employees from referrals helps lessen agency conflicts and serves as an intervening mechanism in the relationship between family firm essence and firm performance.

This study draws on agency theory to shed light on how family firms successfully bring nonfamily employees into the fold despite their human resource limitations. The results extend theory on family businesses by demonstrating that those with higher degrees of family essence are more likely to attract applicants via ORU. Leveraging this recruiting practice allows family businesses to hire nonfamily employees who share the values and goals of the family firm, thus lowering agency costs and fostering higher performance. More broadly, the findings offer insight into the role of staffing practices in family firm success.

]]>
Reducing agency costs through recruitment: staffing referrals and family business success10.1108/JFBM-05-2023-0063Journal of Family Business Management2023-07-25© 2023 Emerald Publishing LimitedJames M. VardamanWilliam E. TaborDarel C. HargroveFeigu ZhouJournal of Family Business Management1412023-07-2510.1108/JFBM-05-2023-0063https://www.emerald.com/insight/content/doi/10.1108/JFBM-05-2023-0063/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Emerald Publishing Limited
One for all, all for one: an analysis towards the speed of internationalization in clustered and non-clustered family firmshttps://www.emerald.com/insight/content/doi/10.1108/JFBM-06-2023-0080/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThis article aims to explore how cluster affiliation moderates the relationship between family involvement and speed of internationalization in family firms. The speed of internationalization is examined in terms of earliness and post-internationalization speed. The research is based on a sample of 639 Portuguese family businesses (FBs) created and internationalized between 2010 and 2018 that was retrieved from the Iberian Balance Analysis System – SABI database. The partial least squares structural equation modeling (PLS-SEM) was used to assess the measurement and construct the model. The results suggest that higher levels of family involvement in ownership and management make family firms enter on international markets in later stages of their development but, after the first international market entry, the firms are able to exhibit a higher post-internationalization speed. When considering the effect of cluster affiliation, the authors found that clustered FBs are more likely to engage in early internationalization and to accelerate the post-internationalization process than non-clustered FBs. The study's findings are explained by the existence of socially proximate relationships with other cluster members, based on similarity, trust, knowledge exchange and sense of belonging, which push family firms to internationalize and increase their level of international commitment over time. The empirical evidence, therefore, highlights the primary role of industrial clusters in moderating the relationship between family involvement, earliness of internationalization and post-internationalization speed.One for all, all for one: an analysis towards the speed of internationalization in clustered and non-clustered family firms
Telma Mendes, Vitor Braga, Carina Silva
Journal of Family Business Management, Vol. 14, No. 1, pp.120-152

This article aims to explore how cluster affiliation moderates the relationship between family involvement and speed of internationalization in family firms. The speed of internationalization is examined in terms of earliness and post-internationalization speed.

The research is based on a sample of 639 Portuguese family businesses (FBs) created and internationalized between 2010 and 2018 that was retrieved from the Iberian Balance Analysis System – SABI database. The partial least squares structural equation modeling (PLS-SEM) was used to assess the measurement and construct the model.

The results suggest that higher levels of family involvement in ownership and management make family firms enter on international markets in later stages of their development but, after the first international market entry, the firms are able to exhibit a higher post-internationalization speed. When considering the effect of cluster affiliation, the authors found that clustered FBs are more likely to engage in early internationalization and to accelerate the post-internationalization process than non-clustered FBs.

The study's findings are explained by the existence of socially proximate relationships with other cluster members, based on similarity, trust, knowledge exchange and sense of belonging, which push family firms to internationalize and increase their level of international commitment over time. The empirical evidence, therefore, highlights the primary role of industrial clusters in moderating the relationship between family involvement, earliness of internationalization and post-internationalization speed.

]]>
One for all, all for one: an analysis towards the speed of internationalization in clustered and non-clustered family firms10.1108/JFBM-06-2023-0080Journal of Family Business Management2023-08-03© 2023 Emerald Publishing LimitedTelma MendesVitor BragaCarina SilvaJournal of Family Business Management1412023-08-0310.1108/JFBM-06-2023-0080https://www.emerald.com/insight/content/doi/10.1108/JFBM-06-2023-0080/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Emerald Publishing Limited
Involvement of multiple generations in management and internationalization of family firms in Spain: the moderating effect of SEW dimensionshttps://www.emerald.com/insight/content/doi/10.1108/JFBM-02-2022-0022/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThe study aims to analyze for the Spanish context the influence of the involvement of several generations in the firm's management on family firm internationalization. The authors also respond to the call in the literature to consider the influence of SEW on family firm internationalizations by analyzing the moderating effect of the importance family managers attach to each of the socioemotional wealth (SEW) dimensions – enrichment, continuity and prominence on the relationship between multiple generations involved in management and family firm internationalization. The information was obtained by means of a questionnaire sent to the CEOs of family businesses. The authors’ sample consists of 147 Spanish family firms. The authors find that the involvement of multiple generations in management is positively related to the internationalization of family firms. Furthermore, the importance that family CEOs attribute to the enrichment dimension of SEW reduces the intensity of the effect of the involvement of several generations in management on family firm internationalization. The authors’ results, for the Spanish context, complement previous studies (Meneses et al., 2014) showing that the entry of new generations into the family business opens a window of opportunity for the internationalization of the family business. Furthermore, their study shows that the diverse family objectives by CEOs can have different, even conflicting effects on the internationalization decision. These results suggest that the enrichment dimension, which focuses on the short-term family goals may restrain the internationalization of the family business. However, continuity and prominence dimensions, which are related with long term family objectives and jointly enable the fulfillment of nonfamily stakeholders’ objectives, do not influence the internationalization of the family firms analyzed.Involvement of multiple generations in management and internationalization of family firms in Spain: the moderating effect of SEW dimensions
Virginia Blanzo-Mazagatos, Juan Bautista Delgado-García, Jesús P. Barrero
Journal of Family Business Management, Vol. 14, No. 1, pp.153-170

The study aims to analyze for the Spanish context the influence of the involvement of several generations in the firm's management on family firm internationalization. The authors also respond to the call in the literature to consider the influence of SEW on family firm internationalizations by analyzing the moderating effect of the importance family managers attach to each of the socioemotional wealth (SEW) dimensions – enrichment, continuity and prominence on the relationship between multiple generations involved in management and family firm internationalization.

The information was obtained by means of a questionnaire sent to the CEOs of family businesses. The authors’ sample consists of 147 Spanish family firms.

The authors find that the involvement of multiple generations in management is positively related to the internationalization of family firms. Furthermore, the importance that family CEOs attribute to the enrichment dimension of SEW reduces the intensity of the effect of the involvement of several generations in management on family firm internationalization.

The authors’ results, for the Spanish context, complement previous studies (Meneses et al., 2014) showing that the entry of new generations into the family business opens a window of opportunity for the internationalization of the family business. Furthermore, their study shows that the diverse family objectives by CEOs can have different, even conflicting effects on the internationalization decision. These results suggest that the enrichment dimension, which focuses on the short-term family goals may restrain the internationalization of the family business. However, continuity and prominence dimensions, which are related with long term family objectives and jointly enable the fulfillment of nonfamily stakeholders’ objectives, do not influence the internationalization of the family firms analyzed.

]]>
Involvement of multiple generations in management and internationalization of family firms in Spain: the moderating effect of SEW dimensions10.1108/JFBM-02-2022-0022Journal of Family Business Management2022-09-16© 2022 Virginia Blanzo-Mazagatos, Juan Bautista Delgado-García and Jesús P. BarreroVirginia Blanzo-MazagatosJuan Bautista Delgado-GarcíaJesús P. BarreroJournal of Family Business Management1412022-09-1610.1108/JFBM-02-2022-0022https://www.emerald.com/insight/content/doi/10.1108/JFBM-02-2022-0022/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2022 Virginia Blanzo-Mazagatos, Juan Bautista Delgado-García and Jesús P. Barrerohttp://creativecommons.org/licences/by/4.0/legalcode
Related party transactions and earnings management in family firms: the moderating role of board characteristicshttps://www.emerald.com/insight/content/doi/10.1108/JFBM-07-2022-0090/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThe purpose of this paper is to investigate the effect of family control on the association between related party transactions (RPTs) and different forms of accrual-based earnings management (AEM) and real earnings management (REM), analyzing the effect of board characteristics on the possible association. This paper studies a sample of Italian non-financial listed firms over the 2014–2019 period, by GLS regression models, controlling for the fixed effects of the company's sector of operation and the year. Results indicate a different association between RPTs and earnings management (EM) in family and non-family firms. They point out that family firms use RPTs in association with downward AEM and REM perpetrated by abnormal discretionary expenses as well as a substitute of REM via abnormal production costs. For non-family firms, findings indicate only a substitution effect between RPTs and AEM. Furthermore, CEO duality, board gender diversity and the presence of the family on the board positively moderate the association between RPTs and, respectively, REM implemented through sales manipulations, downward AEM and upward AEM. This study suggests that the socioemotional wealth (SEW) differently affects the relationship between RPTs and EM, according to the form of the latter. It also points out family firms' heterogeneity in earnings manipulations, by providing evidence of the moderating role of board characteristics on the association between RPTs and the various forms of EM.Related party transactions and earnings management in family firms: the moderating role of board characteristics
Giovanna Gavana, Pietro Gottardo, Anna Maria Moisello
Journal of Family Business Management, Vol. 14, No. 1, pp.171-198

The purpose of this paper is to investigate the effect of family control on the association between related party transactions (RPTs) and different forms of accrual-based earnings management (AEM) and real earnings management (REM), analyzing the effect of board characteristics on the possible association.

This paper studies a sample of Italian non-financial listed firms over the 2014–2019 period, by GLS regression models, controlling for the fixed effects of the company's sector of operation and the year.

Results indicate a different association between RPTs and earnings management (EM) in family and non-family firms. They point out that family firms use RPTs in association with downward AEM and REM perpetrated by abnormal discretionary expenses as well as a substitute of REM via abnormal production costs. For non-family firms, findings indicate only a substitution effect between RPTs and AEM. Furthermore, CEO duality, board gender diversity and the presence of the family on the board positively moderate the association between RPTs and, respectively, REM implemented through sales manipulations, downward AEM and upward AEM.

This study suggests that the socioemotional wealth (SEW) differently affects the relationship between RPTs and EM, according to the form of the latter. It also points out family firms' heterogeneity in earnings manipulations, by providing evidence of the moderating role of board characteristics on the association between RPTs and the various forms of EM.

]]>
Related party transactions and earnings management in family firms: the moderating role of board characteristics10.1108/JFBM-07-2022-0090Journal of Family Business Management2022-09-28© 2022 Giovanna Gavana, Pietro Gottardo and Anna Maria MoiselloGiovanna GavanaPietro GottardoAnna Maria MoiselloJournal of Family Business Management1412022-09-2810.1108/JFBM-07-2022-0090https://www.emerald.com/insight/content/doi/10.1108/JFBM-07-2022-0090/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2022 Giovanna Gavana, Pietro Gottardo and Anna Maria Moisellohttp://creativecommons.org/licences/by/4.0/legalcode
Ceasing to communicate public family firm identity: the decoupling of internally experienced and externally communicated identitieshttps://www.emerald.com/insight/content/doi/10.1108/JFBM-01-2023-0003/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThe purpose of this study is to explore how the family firm identity is affected when it is no longer publicly communicated. A case study approach was used to follow a third-generation family business, a large Swedish home electronics firm that acquired a competitor and, initially, continued using its family firm identity after the acquisition. This study longitudinally tracks the company and its owning family using archival data combined with interviews. The case company decided to stop communicating their identity as a family business. Such a move initially appears counterintuitive, since it potentially threatens the family firm identity and leads the firm to forgo other advantages, e.g. in branding. However, the decision was based on arguments that were rational from a business perspective, leading to a decoupling of family and firm identity. This study contributes to the literature by showing a decoupling of internally experienced and externally communicated identities. It further contributes to the understanding of the family firm identity concept.Ceasing to communicate public family firm identity: the decoupling of internally experienced and externally communicated identities
Börje Boers, Torbjörn Ljungkvist, Olof Brunninge
Journal of Family Business Management, Vol. 14, No. 1, pp.199-224

The purpose of this study is to explore how the family firm identity is affected when it is no longer publicly communicated.

A case study approach was used to follow a third-generation family business, a large Swedish home electronics firm that acquired a competitor and, initially, continued using its family firm identity after the acquisition. This study longitudinally tracks the company and its owning family using archival data combined with interviews.

The case company decided to stop communicating their identity as a family business. Such a move initially appears counterintuitive, since it potentially threatens the family firm identity and leads the firm to forgo other advantages, e.g. in branding. However, the decision was based on arguments that were rational from a business perspective, leading to a decoupling of family and firm identity.

This study contributes to the literature by showing a decoupling of internally experienced and externally communicated identities. It further contributes to the understanding of the family firm identity concept.

]]>
Ceasing to communicate public family firm identity: the decoupling of internally experienced and externally communicated identities10.1108/JFBM-01-2023-0003Journal of Family Business Management2023-05-26© 2023 Börje Boers, Torbjörn Ljungkvist and Olof BrunningeBörje BoersTorbjörn LjungkvistOlof BrunningeJournal of Family Business Management1412023-05-2610.1108/JFBM-01-2023-0003https://www.emerald.com/insight/content/doi/10.1108/JFBM-01-2023-0003/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Börje Boers, Torbjörn Ljungkvist and Olof Brunningehttp://creativecommons.org/licences/by/4.0/legalcode
Longevity through emotional intelligence: a relationship marketing approach in family businesseshttps://www.emerald.com/insight/content/doi/10.1108/JFBM-01-2023-0007/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThis study aims to explore how emotional intelligence (EI) in members of family businesses can enhance the relationships with the stakeholders and whether adopting a relationship marketing approach could extend a family businesses' longevity, the businesses' success through generations. A mixed-method approach was adopted, and two studies (quantitative followed by qualitative) were conducted in Mexico on small to medium-sized enterprises. This study considers the perspective of owners and employers of family businesses. The study provides important insights into the relationship between EI and relationship marketing. Enhancing EI in family members whilst conducting a relationship marketing approach, both internal and external, will result in better performance. Family businesses can alleviate conflicts inherent to family emotions whilst building and maintaining strong relationships with customers and suppliers that can secure the long-term success of the organisation by enhancing EI. Considering the majority of the literature is focussed on highly developed economies such as the USA, the UK and major developing economies such as China and India, this mixed-method study offers Mexico as a novel setting that has become an important procurement hub in light of the recent global developments and international relationship policies.Longevity through emotional intelligence: a relationship marketing approach in family businesses
Hasan Gilani, Jessica Torres Mena, Gokhan Aydin
Journal of Family Business Management, Vol. 14, No. 1, pp.225-244

This study aims to explore how emotional intelligence (EI) in members of family businesses can enhance the relationships with the stakeholders and whether adopting a relationship marketing approach could extend a family businesses' longevity, the businesses' success through generations.

A mixed-method approach was adopted, and two studies (quantitative followed by qualitative) were conducted in Mexico on small to medium-sized enterprises. This study considers the perspective of owners and employers of family businesses.

The study provides important insights into the relationship between EI and relationship marketing. Enhancing EI in family members whilst conducting a relationship marketing approach, both internal and external, will result in better performance. Family businesses can alleviate conflicts inherent to family emotions whilst building and maintaining strong relationships with customers and suppliers that can secure the long-term success of the organisation by enhancing EI.

Considering the majority of the literature is focussed on highly developed economies such as the USA, the UK and major developing economies such as China and India, this mixed-method study offers Mexico as a novel setting that has become an important procurement hub in light of the recent global developments and international relationship policies.

]]>
Longevity through emotional intelligence: a relationship marketing approach in family businesses10.1108/JFBM-01-2023-0007Journal of Family Business Management2023-05-30© 2023 Emerald Publishing LimitedHasan GilaniJessica Torres MenaGokhan AydinJournal of Family Business Management1412023-05-3010.1108/JFBM-01-2023-0007https://www.emerald.com/insight/content/doi/10.1108/JFBM-01-2023-0007/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Emerald Publishing Limited
Not all crises are the same: the effects of crisis triggered successions in family firmshttps://www.emerald.com/insight/content/doi/10.1108/JFBM-01-2023-0009/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestAlthough succession planning can be important for the continuity of family firms, not all family business have the opportunity to engage in this planning. Sometimes, these organizations face crisis events that may trigger an intra-family succession. However, what happens when there is an unplanned succession? Are family businesses doomed to fail? This project aims to explore unplanned successions that are triggered by crisis and the impact that this can have on post-succession financial performance. The authors also examine the moderating role of successor characteristics (i.e. education and previous work experience) on this relationship. The ideas were tested using data from 151 publicly listed family firms in China. The findings indicate that having a crisis driven intra-family succession does not always result in lower post-succession performance. It is only successions that are triggered by market crises that negatively impact financial performance after the unplanned succession. In these instances, the education and previous experience of the successor moderate the negative relationship between market crisis succession and financial performance such that having more experience and a college education diminishes these negative effects on performance. The results point to the importance of the preparation of the next generation in helping family firms navigate unplanned successions. The findings indicate that education and previous work experience of the successor can help a family firm manage a crisis. This study continues to build the understanding about unplanned successions and the important role that successor preparation can have for the success of the family firm.Not all crises are the same: the effects of crisis triggered successions in family firms
Peng Ren, Isabel C. Botero, James O. Fiet
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

Although succession planning can be important for the continuity of family firms, not all family business have the opportunity to engage in this planning. Sometimes, these organizations face crisis events that may trigger an intra-family succession. However, what happens when there is an unplanned succession? Are family businesses doomed to fail? This project aims to explore unplanned successions that are triggered by crisis and the impact that this can have on post-succession financial performance. The authors also examine the moderating role of successor characteristics (i.e. education and previous work experience) on this relationship.

The ideas were tested using data from 151 publicly listed family firms in China.

The findings indicate that having a crisis driven intra-family succession does not always result in lower post-succession performance. It is only successions that are triggered by market crises that negatively impact financial performance after the unplanned succession. In these instances, the education and previous experience of the successor moderate the negative relationship between market crisis succession and financial performance such that having more experience and a college education diminishes these negative effects on performance.

The results point to the importance of the preparation of the next generation in helping family firms navigate unplanned successions. The findings indicate that education and previous work experience of the successor can help a family firm manage a crisis.

This study continues to build the understanding about unplanned successions and the important role that successor preparation can have for the success of the family firm.

]]>
Not all crises are the same: the effects of crisis triggered successions in family firms10.1108/JFBM-01-2023-0009Journal of Family Business Management2023-10-06© 2023 Emerald Publishing LimitedPeng RenIsabel C. BoteroJames O. FietJournal of Family Business Managementahead-of-printahead-of-print2023-10-0610.1108/JFBM-01-2023-0009https://www.emerald.com/insight/content/doi/10.1108/JFBM-01-2023-0009/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Emerald Publishing Limited
The family-level of generational involvement: impact on the nexus between entrepreneurial orientation and business performance among small family businesseshttps://www.emerald.com/insight/content/doi/10.1108/JFBM-01-2023-0013/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThe aim of this study was to obtain evidence of the practical significance of the generational involvement (GI) of top management teams (TMT) on the nexus between entrepreneurial orientation (EO) and business performance (BP) in small family businesses (SFBs). This study employed a questionnaire survey of 112 Malaysian SFBs. The data was analyzed using descriptive analysis, hierarchical multiple regression analysis and a two-way interaction model. The results indicate that SFBs have a positive EO–BP nexus. However, the study found that TMT-GI has a negative effect on EO and reduces the positive nexus between EO and BP. Specifically, higher levels of GI were associated with lower levels of EO and weaker BP. The study raises the necessity for SFBs to seek out a management mechanism and structure to balance the entrepreneurial boundary between the family-level and the business-level when there is increased GI. Additionally to the current, incorporating family TMT-related human ecology aspect of GI with the family business field could lead to a new research value stream. The results of this study will enable family business decision makers and TMT to better understand the importance of considering family factors in their management strategies. This analysis highlights the spatial relation of family-level logic in dominating EO–BP nexus at intervals in SFBs, where family factor of TMT-GI will be a key moderator.The family-level of generational involvement: impact on the nexus between entrepreneurial orientation and business performance among small family businesses
Mei Xuan Liew, Yoke Mei Loo
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

The aim of this study was to obtain evidence of the practical significance of the generational involvement (GI) of top management teams (TMT) on the nexus between entrepreneurial orientation (EO) and business performance (BP) in small family businesses (SFBs).

This study employed a questionnaire survey of 112 Malaysian SFBs. The data was analyzed using descriptive analysis, hierarchical multiple regression analysis and a two-way interaction model.

The results indicate that SFBs have a positive EO–BP nexus. However, the study found that TMT-GI has a negative effect on EO and reduces the positive nexus between EO and BP. Specifically, higher levels of GI were associated with lower levels of EO and weaker BP.

The study raises the necessity for SFBs to seek out a management mechanism and structure to balance the entrepreneurial boundary between the family-level and the business-level when there is increased GI. Additionally to the current, incorporating family TMT-related human ecology aspect of GI with the family business field could lead to a new research value stream.

The results of this study will enable family business decision makers and TMT to better understand the importance of considering family factors in their management strategies.

This analysis highlights the spatial relation of family-level logic in dominating EO–BP nexus at intervals in SFBs, where family factor of TMT-GI will be a key moderator.

]]>
The family-level of generational involvement: impact on the nexus between entrepreneurial orientation and business performance among small family businesses10.1108/JFBM-01-2023-0013Journal of Family Business Management2023-09-19© 2023 Emerald Publishing LimitedMei Xuan LiewYoke Mei LooJournal of Family Business Managementahead-of-printahead-of-print2023-09-1910.1108/JFBM-01-2023-0013https://www.emerald.com/insight/content/doi/10.1108/JFBM-01-2023-0013/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Emerald Publishing Limited
Sustainability in family business settings: a strategic entrepreneurship perspectivehttps://www.emerald.com/insight/content/doi/10.1108/JFBM-01-2024-0001/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestFamily business sustainability is a critical issue. This study considers if adopting a strategic entrepreneurship orientation can support the sustainability of a family business. A qualitative approach is used, in which semi-structured interviews were conducted with twelve family business owners. Data collected during the interviews provides insights into understanding, practices, motivations, behaviours and attitudes relating to sustainability. Although awareness of sustainability processes and procedures is found to be low, sustainability is important to the family business. However, sustainability is not managed or implemented systematically. The paper presents a new model to describe the sustainability practices of family businesses. Adoption of strategic entrepreneurship is advocated as mechanism for improving sustainability. Practical and policy implications are suggested to enhance the effectiveness of sustainability initiatives in family business settings.Sustainability in family business settings: a strategic entrepreneurship perspective
Mahwish Jamil, Simon Stephens, Ahmad Firdause Md Fadzil
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

Family business sustainability is a critical issue. This study considers if adopting a strategic entrepreneurship orientation can support the sustainability of a family business.

A qualitative approach is used, in which semi-structured interviews were conducted with twelve family business owners. Data collected during the interviews provides insights into understanding, practices, motivations, behaviours and attitudes relating to sustainability.

Although awareness of sustainability processes and procedures is found to be low, sustainability is important to the family business. However, sustainability is not managed or implemented systematically.

The paper presents a new model to describe the sustainability practices of family businesses. Adoption of strategic entrepreneurship is advocated as mechanism for improving sustainability. Practical and policy implications are suggested to enhance the effectiveness of sustainability initiatives in family business settings.

]]>
Sustainability in family business settings: a strategic entrepreneurship perspective10.1108/JFBM-01-2024-0001Journal of Family Business Management2024-02-07© 2024 Mahwish Jamil, Simon Stephens and Ahmad Firdause Md FadzilMahwish JamilSimon StephensAhmad Firdause Md FadzilJournal of Family Business Managementahead-of-printahead-of-print2024-02-0710.1108/JFBM-01-2024-0001https://www.emerald.com/insight/content/doi/10.1108/JFBM-01-2024-0001/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2024 Mahwish Jamil, Simon Stephens and Ahmad Firdause Md Fadzilhttp://creativecommons.org/licences/by/4.0/legalcode
Money education in the business family: a perspective articlehttps://www.emerald.com/insight/content/doi/10.1108/JFBM-01-2024-0006/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThe primary aim is to renew academic discourse on financial education in business families. It emphasizes the need for effective financial literacy programs to foster a healthier relationship with money, addressing both technical aspects of finance and its psychological and relational impacts among family members. This perspective article explores the impact of money education within business families. It discusses the psychological effects of money education on family dynamics and decision-making in family businesses. The research draws on previous studies, surveys and practical examples to highlight the importance of financial education and its implications on family and business sustainability. Financial education is essential in business families as it enables more meaningful discussions on money and wealth, fostering informed decisions and decreasing conflict. Yet, it is often overlooked. There is a need for academic research into effective strategies for financial education for family members and the effects of financial literacy, or its absence, on various aspects of the business and the family system. The article presents a selection of pertinent questions for future research in this domain. This article contributes to the family business field by underscoring the gap in scholarly research on money education within family businesses. It advocates for comprehensive financial education strategies that balance technical knowledge with an understanding of the psychological and relational aspects of money.Money education in the business family: a perspective article
Anneleen Michiels, Claudia Binz Astrachan
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

The primary aim is to renew academic discourse on financial education in business families. It emphasizes the need for effective financial literacy programs to foster a healthier relationship with money, addressing both technical aspects of finance and its psychological and relational impacts among family members.

This perspective article explores the impact of money education within business families. It discusses the psychological effects of money education on family dynamics and decision-making in family businesses. The research draws on previous studies, surveys and practical examples to highlight the importance of financial education and its implications on family and business sustainability.

Financial education is essential in business families as it enables more meaningful discussions on money and wealth, fostering informed decisions and decreasing conflict. Yet, it is often overlooked. There is a need for academic research into effective strategies for financial education for family members and the effects of financial literacy, or its absence, on various aspects of the business and the family system. The article presents a selection of pertinent questions for future research in this domain.

This article contributes to the family business field by underscoring the gap in scholarly research on money education within family businesses. It advocates for comprehensive financial education strategies that balance technical knowledge with an understanding of the psychological and relational aspects of money.

]]>
Money education in the business family: a perspective article10.1108/JFBM-01-2024-0006Journal of Family Business Management2024-02-01© 2024 Emerald Publishing LimitedAnneleen MichielsClaudia Binz AstrachanJournal of Family Business Managementahead-of-printahead-of-print2024-02-0110.1108/JFBM-01-2024-0006https://www.emerald.com/insight/content/doi/10.1108/JFBM-01-2024-0006/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2024 Emerald Publishing Limited
Breaking new ground in family business research with neoconfigurational theorizing and analysishttps://www.emerald.com/insight/content/doi/10.1108/JFBM-02-2023-0019/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestBecause family businesses are highly complex enterprises, researchers need appropriate theoretical and methodological tools to study them. The neoconfigurational perspective and its accompanying method, qualitative comparative analysis, are particularly well suited to phenomena characterized by complex causality, but their uptake in family business research has been slow and fragmented. To remedy this, the authors highlight their unique ability to address research questions for which other approaches are not well suited and discuss how they might be applied to family business phenomena. The authors introduce the core tenets of the neoconfigurational perspective and how its set-theoretic epistemology differs from traditional approaches to theorizing and analysis. The authors then use a dataset of family firms to present a primer on conducting qualitative comparative analysis and interpreting the results. The authors find that family firm resources can be combined in multiple ways to affect business survival, suggesting that resources are substitutable and complementary. The authors discuss how the unique features of the neoconfigurational approach, namely equifinality, conjunctural causation and causal asymmetry, can be fruitfully applied to break new ground in scholarly understanding of family businesses. This article allows family business researchers to apply the neoconfigurational approach without first having to consult multiple and disparate sources often written for other disciplines. This article explicates how to leverage the theoretical and empirical advantages of the neoconfigurational approach in the context of family businesses, supporting a more widespread adoption of the neoconfigurational perspective in family business research.Breaking new ground in family business research with neoconfigurational theorizing and analysis
Mark R. Mallon, Stav Fainshmidt
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

Because family businesses are highly complex enterprises, researchers need appropriate theoretical and methodological tools to study them. The neoconfigurational perspective and its accompanying method, qualitative comparative analysis, are particularly well suited to phenomena characterized by complex causality, but their uptake in family business research has been slow and fragmented. To remedy this, the authors highlight their unique ability to address research questions for which other approaches are not well suited and discuss how they might be applied to family business phenomena.

The authors introduce the core tenets of the neoconfigurational perspective and how its set-theoretic epistemology differs from traditional approaches to theorizing and analysis. The authors then use a dataset of family firms to present a primer on conducting qualitative comparative analysis and interpreting the results.

The authors find that family firm resources can be combined in multiple ways to affect business survival, suggesting that resources are substitutable and complementary. The authors discuss how the unique features of the neoconfigurational approach, namely equifinality, conjunctural causation and causal asymmetry, can be fruitfully applied to break new ground in scholarly understanding of family businesses.

This article allows family business researchers to apply the neoconfigurational approach without first having to consult multiple and disparate sources often written for other disciplines. This article explicates how to leverage the theoretical and empirical advantages of the neoconfigurational approach in the context of family businesses, supporting a more widespread adoption of the neoconfigurational perspective in family business research.

]]>
Breaking new ground in family business research with neoconfigurational theorizing and analysis10.1108/JFBM-02-2023-0019Journal of Family Business Management2023-07-24© 2023 Emerald Publishing LimitedMark R. MallonStav FainshmidtJournal of Family Business Managementahead-of-printahead-of-print2023-07-2410.1108/JFBM-02-2023-0019https://www.emerald.com/insight/content/doi/10.1108/JFBM-02-2023-0019/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Emerald Publishing Limited
Migrant family entrepreneurship – mixed and multiple embeddedness of transgenerational Turkish family entrepreneurs in Berlinhttps://www.emerald.com/insight/content/doi/10.1108/JFBM-03-2019-0011/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestBy combining manifold approaches from migrant entrepreneurship and family business studies, the purpose of the paper is to shed some light upon the contextual features of motivation, resources, generational pathways of Turkish migrant family entrepreneurs in Berlin – through the lens of a mixed and multiple embeddedness approach. An explorative research design, based on an eclectic theoretical framework and on purposive sampling, combines qualitative in-depth interviews/content analysis and on-site observation resulting in an almost ethnographic assessment of selected case studies of Turkish migrant family entrepreneurs (concerning age (min. 20 years), size (15+ employees) and currently at a stage of succession). The results show that despite specific strategies vary – four circumstances hold true for all cases: (1) firm trajectories were characterized by little strategic planning and mostly trail-and error processes in the past and business survival is highly dependent on owner families; (2) owner families heavily relied on personal, family and collective resources, not benefiting from promotion programmes or micro-funding measures for SMEs; (3) owner families have actively developed their (mixed) embeddings during the growth of their migrant business beyond the single ethnic group at various spatial scales; (4) succession adds another layer of context – what we call here multiple embeddedness – with ambivalent effects: emerging potentials and conflicts between the preceding and succeeding generation. Results have shown that is it necessary to set up both: customized funding opportunities for migrant start-ups in general and succession consulting for migrant family entrepreneurs in particular. Given the magnitude of family migrant entrepreneurs and the accelerating migration patterns in most Western European countries, there is urgent need for such measures. Family entrepreneurship has been often discussed without a migration perspective, neither taking a systematic look at pertinent motivation, resources, and future trajectories nor context. Migrant entrepreneurship studies barely take the family or family-specific issues (e.g. succession) into account, and mainly deal with the integration or economic aspects. Our mixed and multiple embeddedness approach allows for a holistic view on transgenerational migrant family entrepreneurship by integrating both socio-spatial (actor, family, network, micro, meso, macro) and multi-generational contexts (preceding, succeeding).Migrant family entrepreneurship – mixed and multiple embeddedness of transgenerational Turkish family entrepreneurs in Berlin
Gökay Selcuk, Lech Suwala
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

By combining manifold approaches from migrant entrepreneurship and family business studies, the purpose of the paper is to shed some light upon the contextual features of motivation, resources, generational pathways of Turkish migrant family entrepreneurs in Berlin – through the lens of a mixed and multiple embeddedness approach.

An explorative research design, based on an eclectic theoretical framework and on purposive sampling, combines qualitative in-depth interviews/content analysis and on-site observation resulting in an almost ethnographic assessment of selected case studies of Turkish migrant family entrepreneurs (concerning age (min. 20 years), size (15+ employees) and currently at a stage of succession).

The results show that despite specific strategies vary – four circumstances hold true for all cases: (1) firm trajectories were characterized by little strategic planning and mostly trail-and error processes in the past and business survival is highly dependent on owner families; (2) owner families heavily relied on personal, family and collective resources, not benefiting from promotion programmes or micro-funding measures for SMEs; (3) owner families have actively developed their (mixed) embeddings during the growth of their migrant business beyond the single ethnic group at various spatial scales; (4) succession adds another layer of context – what we call here multiple embeddedness – with ambivalent effects: emerging potentials and conflicts between the preceding and succeeding generation.

Results have shown that is it necessary to set up both: customized funding opportunities for migrant start-ups in general and succession consulting for migrant family entrepreneurs in particular. Given the magnitude of family migrant entrepreneurs and the accelerating migration patterns in most Western European countries, there is urgent need for such measures.

Family entrepreneurship has been often discussed without a migration perspective, neither taking a systematic look at pertinent motivation, resources, and future trajectories nor context. Migrant entrepreneurship studies barely take the family or family-specific issues (e.g. succession) into account, and mainly deal with the integration or economic aspects. Our mixed and multiple embeddedness approach allows for a holistic view on transgenerational migrant family entrepreneurship by integrating both socio-spatial (actor, family, network, micro, meso, macro) and multi-generational contexts (preceding, succeeding).

]]>
Migrant family entrepreneurship – mixed and multiple embeddedness of transgenerational Turkish family entrepreneurs in Berlin10.1108/JFBM-03-2019-0011Journal of Family Business Management2020-04-27© 2020 Emerald Publishing LimitedGökay SelcukLech SuwalaJournal of Family Business Managementahead-of-printahead-of-print2020-04-2710.1108/JFBM-03-2019-0011https://www.emerald.com/insight/content/doi/10.1108/JFBM-03-2019-0011/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2020 Emerald Publishing Limited
Embeddedness and entrepreneurial traditionshttps://www.emerald.com/insight/content/doi/10.1108/JFBM-03-2019-0016/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThe purpose of this paper is to explore how entrepreneurship traditions evolve in diaspora. A qualitative multiple case study examining the role of diaspora embeddedness, extended family, ethno-religious-, cultural- and social ties and relevant structures shaping diaspora entrepreneurship. The authors found that social ties and diaspora embeddedness create dynamism fostering entrepreneurial identity as a part of the Bukharian culture, and as a preferred career option in the context of Bukharian Jews in diaspora. Diasporic family businesses are products of culture and tradition that migrate to new locations with families and communities, not as disconnected business entities. The ways in which families nurture a highly entrepreneurial culture that transfers across generations and contexts are context-specific and not per se generalizable to other diasporas. Diasporans often continue their traditions and become again entrepreneurs after their settlement, or they may generate hybrid, circular solutions that allow them to employ their competences in the new contexts or connecting various contexts. This calls for transnational entrepreneurship-policymaking. Time changes diasporas. A long-term commitment to the business environment evolves and reduces the mobility of the individual diasporan; typically the children of these migrants become more integrated and develop divergent career paths. Hence, their plans are not necessarily including family entrepreneurship creating a challenge for continuation of the original culture of entrepreneurship. Despite a notable tradition in Jewish studies, there is limited research on Jewish entrepreneurial diaspora and its contemporary entrepreneurial identity and tradition. Furthermore, the population of Bukharian Jews is an unknown and under-explored highly entrepreneurial group that may offer instrumental views to larger diasporic audiences being concerned about maintaining notions of ethnic heritage and identity.Embeddedness and entrepreneurial traditions
Maria Elo, Leo-Paul Dana
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

The purpose of this paper is to explore how entrepreneurship traditions evolve in diaspora.

A qualitative multiple case study examining the role of diaspora embeddedness, extended family, ethno-religious-, cultural- and social ties and relevant structures shaping diaspora entrepreneurship.

The authors found that social ties and diaspora embeddedness create dynamism fostering entrepreneurial identity as a part of the Bukharian culture, and as a preferred career option in the context of Bukharian Jews in diaspora. Diasporic family businesses are products of culture and tradition that migrate to new locations with families and communities, not as disconnected business entities.

The ways in which families nurture a highly entrepreneurial culture that transfers across generations and contexts are context-specific and not per se generalizable to other diasporas.

Diasporans often continue their traditions and become again entrepreneurs after their settlement, or they may generate hybrid, circular solutions that allow them to employ their competences in the new contexts or connecting various contexts. This calls for transnational entrepreneurship-policymaking.

Time changes diasporas. A long-term commitment to the business environment evolves and reduces the mobility of the individual diasporan; typically the children of these migrants become more integrated and develop divergent career paths. Hence, their plans are not necessarily including family entrepreneurship creating a challenge for continuation of the original culture of entrepreneurship.

Despite a notable tradition in Jewish studies, there is limited research on Jewish entrepreneurial diaspora and its contemporary entrepreneurial identity and tradition. Furthermore, the population of Bukharian Jews is an unknown and under-explored highly entrepreneurial group that may offer instrumental views to larger diasporic audiences being concerned about maintaining notions of ethnic heritage and identity.

]]>
Embeddedness and entrepreneurial traditions10.1108/JFBM-03-2019-0016Journal of Family Business Management2019-12-04© 2019 Emerald Publishing LimitedMaria EloLeo-Paul DanaJournal of Family Business Managementahead-of-printahead-of-print2019-12-0410.1108/JFBM-03-2019-0016https://www.emerald.com/insight/content/doi/10.1108/JFBM-03-2019-0016/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2019 Emerald Publishing Limited
Knowledge sharing in family SMEs: the role of communities of practicehttps://www.emerald.com/insight/content/doi/10.1108/JFBM-03-2023-0038/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThe aim of this paper is to analyse the role of communities of practice (CoP) as knowledge-sharing tools in family small and medium-sized enterprises (SMEs). In this context, CoPs that jointly involve family and non-family members are expected to act as knowledge-sharing tools. This paper employs a multiple case study methodology, analysing the cases of six small companies in different sectors and countries over a period of 8 years. Both primary and secondary data are used. The results show the role CoPs play in involving family and non-family members in empowering knowledge-sharing initiatives. A CoP's role in knowledge sharing depends on the presence (or lack) of a family leader, the leadership approach, the degree of cohesion around shared approaches and values within the CoP, and the presence of multiple generations at work. This paper contributes to the literature on knowledge sharing in family businesses, by exploring for the first time the role of the CoP as a knowledge-sharing tool, depending on families' involvement in the CoP.Knowledge sharing in family SMEs: the role of communities of practice
Francesca Rossignoli, Andrea Lionzo, Thomas Henschel, Börje Boers
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

The aim of this paper is to analyse the role of communities of practice (CoP) as knowledge-sharing tools in family small and medium-sized enterprises (SMEs). In this context, CoPs that jointly involve family and non-family members are expected to act as knowledge-sharing tools.

This paper employs a multiple case study methodology, analysing the cases of six small companies in different sectors and countries over a period of 8 years. Both primary and secondary data are used.

The results show the role CoPs play in involving family and non-family members in empowering knowledge-sharing initiatives. A CoP's role in knowledge sharing depends on the presence (or lack) of a family leader, the leadership approach, the degree of cohesion around shared approaches and values within the CoP, and the presence of multiple generations at work.

This paper contributes to the literature on knowledge sharing in family businesses, by exploring for the first time the role of the CoP as a knowledge-sharing tool, depending on families' involvement in the CoP.

]]>
Knowledge sharing in family SMEs: the role of communities of practice10.1108/JFBM-03-2023-0038Journal of Family Business Management2023-08-10© 2023 Francesca Rossignoli, Andrea Lionzo, Thomas Henschel and Börje BoersFrancesca RossignoliAndrea LionzoThomas HenschelBörje BoersJournal of Family Business Managementahead-of-printahead-of-print2023-08-1010.1108/JFBM-03-2023-0038https://www.emerald.com/insight/content/doi/10.1108/JFBM-03-2023-0038/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Francesca Rossignoli, Andrea Lionzo, Thomas Henschel and Börje Boershttp://creativecommons.org/licences/by/4.0/legalcode
Next-generation leadership development: a management succession perspectivehttps://www.emerald.com/insight/content/doi/10.1108/JFBM-04-2019-0024/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThis research study focusses on the succession challenges in small-medium outboard marine businesses of Malaysian Chinese family ownership. The founder-owners face challenges in convincing the next-generation members to establish their careers within the family business and to ensure successions are in place to safeguard the family's wealth. A gap exists in the research literatures concerning such family business owners; and their experiences would provide valuable information to other Malaysian Chinese family businesses planning to start the succession journey. An exploratory case study methodology to research five Malaysian Chinese family businesses cases in Klang Valley, Selangor, Malaysia, is used in this study. The primary qualitative data were obtained through in-depth, semi-structured interviews and observations. The research data lead to the identification of the following themes: generational change affects the survival of small-medium Malaysian Chinese family-owned businesses; the founder-owners' intention and desire for business to pass to the next generation give rise to the imperative of succession; the founder-owners' motive and goals, family context and the business nature would determine a large part to how the succession plans are carried out and the upbringing, expectation and obligations would determine how the next generations of children would view the prospect of taking over the family business. From this, a succession model that detailed an inclusive approach to succession planning process between the two generations is established. A small purposive sample is included, and it is recommended that a larger and more diverse sample be collected in future studies. This study follows a nuclear family structure of parents and children. If more Chinese family businesses are selected based on a wider set of family members such as uncles and cousins, the findings may differ. This research study could also facilitate other Malaysian family businesses to rethink and refocus on the importance of undertaking an inclusive approach to succession planning and also help potential next-generation successors in understanding and working towards attaining the qualities that family firms look for in future leaders. The researcher summarizes the study findings into a management succession model. An inclusive succession approach is needed to overcome these challenges and would enable sustainability, continuity and longevity of the family business. This would help the family business to understand that succession is not a single event but a process that needs to be planned together with the next-generation family members over a certain period of time.Next-generation leadership development: a management succession perspective
Joseph Kie Kuong Tang, Wan Sabri Hussin
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

This research study focusses on the succession challenges in small-medium outboard marine businesses of Malaysian Chinese family ownership. The founder-owners face challenges in convincing the next-generation members to establish their careers within the family business and to ensure successions are in place to safeguard the family's wealth. A gap exists in the research literatures concerning such family business owners; and their experiences would provide valuable information to other Malaysian Chinese family businesses planning to start the succession journey.

An exploratory case study methodology to research five Malaysian Chinese family businesses cases in Klang Valley, Selangor, Malaysia, is used in this study. The primary qualitative data were obtained through in-depth, semi-structured interviews and observations. The research data lead to the identification of the following themes: generational change affects the survival of small-medium Malaysian Chinese family-owned businesses; the founder-owners' intention and desire for business to pass to the next generation give rise to the imperative of succession; the founder-owners' motive and goals, family context and the business nature would determine a large part to how the succession plans are carried out and the upbringing, expectation and obligations would determine how the next generations of children would view the prospect of taking over the family business. From this, a succession model that detailed an inclusive approach to succession planning process between the two generations is established.

A small purposive sample is included, and it is recommended that a larger and more diverse sample be collected in future studies. This study follows a nuclear family structure of parents and children. If more Chinese family businesses are selected based on a wider set of family members such as uncles and cousins, the findings may differ.

This research study could also facilitate other Malaysian family businesses to rethink and refocus on the importance of undertaking an inclusive approach to succession planning and also help potential next-generation successors in understanding and working towards attaining the qualities that family firms look for in future leaders.

The researcher summarizes the study findings into a management succession model. An inclusive succession approach is needed to overcome these challenges and would enable sustainability, continuity and longevity of the family business. This would help the family business to understand that succession is not a single event but a process that needs to be planned together with the next-generation family members over a certain period of time.

]]>
Next-generation leadership development: a management succession perspective10.1108/JFBM-04-2019-0024Journal of Family Business Management2020-06-02© 2020 Emerald Publishing LimitedJoseph Kie Kuong TangWan Sabri HussinJournal of Family Business Managementahead-of-printahead-of-print2020-06-0210.1108/JFBM-04-2019-0024https://www.emerald.com/insight/content/doi/10.1108/JFBM-04-2019-0024/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2020 Emerald Publishing Limited
Retaining the adolescent workforce in family businesseshttps://www.emerald.com/insight/content/doi/10.1108/JFBM-04-2019-0025/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThe purpose of this study is to critically explore the linkage between adolescent work, parent–child relationships and offspring career choice outcomes in a family business context. It examines the aforementioned in light of the stay/go decision faced by adolescent family members. Findings are derived from semi-structured interviews with 15 individuals from five Italian families operating family catering businesses in Yorkshire (UK). The approach represents a sample spanning four generations, designed to capture data from individuals who had experienced adolescent work at the family business. The findings offer evidence that the “familiarity” of family business impacts on offspring career choices, providing a safety net or a trap which can impede exit decisions. Returning after periods of study leave that represent the transition from adolescence to adulthood, offspring continue to use the family business as a base from which to explore their career options. Alternatively, when parent–child relationships break down, family business escape strategies assume priority for offspring. The study focussed exclusively on migrant Italian families within the catering sector. The sample included different generational representations among the five families. It lays the ground for future research of a similar nature among other family business ethnicities and across other economic sectors. This paper contributes to understanding offspring career choice outcomes in a family business context. The empirical evidence suggests that parent–child relationships are instrumental to understanding the stay/go decision as well as previous stages of the socialisation process of embedding in the family business.Retaining the adolescent workforce in family businesses
Richard Telling, Philip John Goulding
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

The purpose of this study is to critically explore the linkage between adolescent work, parent–child relationships and offspring career choice outcomes in a family business context. It examines the aforementioned in light of the stay/go decision faced by adolescent family members.

Findings are derived from semi-structured interviews with 15 individuals from five Italian families operating family catering businesses in Yorkshire (UK). The approach represents a sample spanning four generations, designed to capture data from individuals who had experienced adolescent work at the family business.

The findings offer evidence that the “familiarity” of family business impacts on offspring career choices, providing a safety net or a trap which can impede exit decisions. Returning after periods of study leave that represent the transition from adolescence to adulthood, offspring continue to use the family business as a base from which to explore their career options. Alternatively, when parent–child relationships break down, family business escape strategies assume priority for offspring.

The study focussed exclusively on migrant Italian families within the catering sector. The sample included different generational representations among the five families. It lays the ground for future research of a similar nature among other family business ethnicities and across other economic sectors.

This paper contributes to understanding offspring career choice outcomes in a family business context. The empirical evidence suggests that parent–child relationships are instrumental to understanding the stay/go decision as well as previous stages of the socialisation process of embedding in the family business.

]]>
Retaining the adolescent workforce in family businesses10.1108/JFBM-04-2019-0025Journal of Family Business Management2020-06-11© 2020 Emerald Publishing LimitedRichard TellingPhilip John GouldingJournal of Family Business Managementahead-of-printahead-of-print2020-06-1110.1108/JFBM-04-2019-0025https://www.emerald.com/insight/content/doi/10.1108/JFBM-04-2019-0025/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2020 Emerald Publishing Limited
Conceptualizing recourses as antecedents to the economic performance of family-based microenterprise – the moderating role of competencieshttps://www.emerald.com/insight/content/doi/10.1108/JFBM-04-2019-0027/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThe development of family-based microenterprises has attracted the attention of regulators, microfinance institutions and other stakeholders in either developing or least developed countries. In the finance literature, several studies have examined the determinants of the family-based microenterprises development; however, there are several venues that need to be examined. The study aims to explain the economic profit of microenterprises from resource-based theory and human capital perspectives. Based on critical review and theoretical grounding, this study proposes a conceptual framework, which bridges intangible resources with economic growth of microenterprises. After reviewing previous studies and based on the underpinning theoretical framework, the study finds that human capital is one of the variables that has received a little attention and yet to be examined as a moderating role. Based on the human capital theorist, individual's competencies help enterprises to perform better in business, as enterprises that possess competencies and capabilities are more likely to have higher levels of growth and profitability. This finding provides useful implications for the stakeholders and policymakers and contributes in the future literature. Based on critical review and theoretical grounding, this study proposes a conceptual framework, which bridges intangible resources with economic growth of microenterprises.Conceptualizing recourses as antecedents to the economic performance of family-based microenterprise – the moderating role of competencies
Shamsuddin Ahamad, Hamdan Amerali Al-jaifi, Md Imtiaz Mostafiz
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

The development of family-based microenterprises has attracted the attention of regulators, microfinance institutions and other stakeholders in either developing or least developed countries. In the finance literature, several studies have examined the determinants of the family-based microenterprises development; however, there are several venues that need to be examined. The study aims to explain the economic profit of microenterprises from resource-based theory and human capital perspectives.

Based on critical review and theoretical grounding, this study proposes a conceptual framework, which bridges intangible resources with economic growth of microenterprises.

After reviewing previous studies and based on the underpinning theoretical framework, the study finds that human capital is one of the variables that has received a little attention and yet to be examined as a moderating role. Based on the human capital theorist, individual's competencies help enterprises to perform better in business, as enterprises that possess competencies and capabilities are more likely to have higher levels of growth and profitability.

This finding provides useful implications for the stakeholders and policymakers and contributes in the future literature.

Based on critical review and theoretical grounding, this study proposes a conceptual framework, which bridges intangible resources with economic growth of microenterprises.

]]>
Conceptualizing recourses as antecedents to the economic performance of family-based microenterprise – the moderating role of competencies10.1108/JFBM-04-2019-0027Journal of Family Business Management2020-10-05© 2020 Emerald Publishing LimitedShamsuddin AhamadHamdan Amerali Al-jaifiMd Imtiaz MostafizJournal of Family Business Managementahead-of-printahead-of-print2020-10-0510.1108/JFBM-04-2019-0027https://www.emerald.com/insight/content/doi/10.1108/JFBM-04-2019-0027/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2020 Emerald Publishing Limited
Board functions in governance arenas: a comparative case study of four Swedish family firmshttps://www.emerald.com/insight/content/doi/10.1108/JFBM-04-2023-0055/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThe purpose of this paper is to explore board functions and their location in family firms. Through structured induction in a four-case study of medium-sized Swedish family firms, the authors demonstrate that board functions can be located in other arenas than in the common board and suggest propositions that explain their distribution. (1) The board is but one of several arenas where board functions are performed. (2) The functions performed by the board vary in type and emphasis. (3) The non-family directors in a family firm serve the owners, even sometimes governing them, in what the authors term “bidirectional governance”. (4) The kin strategy of the family influences their governance. (5) The utilization of a board for governance stems from the family (together with its constitution, kin strategy and governance strategy), the board composition and the business conditions of the firm. Being a case study the findings are restricted to concepts and theoretical propositions. Using structured induction, the study is not solely inductive but still contains the subjectivity of induction. Governance agents should have an instrumental view on the board, considering it one possible governance arena among others, thereby economizing on governance. The institutional pressure toward active boards could paradoxically reduce the importance of the board in family firms. The board of a family company differs in its emphasis of board functions and these functions are performed with varying emphases in different governance arenas. The authors propose the concept of kin strategy, which refers to the governance importance of the structure of the owner and observations on bi-directional governance, indicating that the board can govern the owners.Board functions in governance arenas: a comparative case study of four Swedish family firms
Jenny Ahlberg, Sven-Olof Yrjö Collin, Elin Smith, Timur Uman
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

The purpose of this paper is to explore board functions and their location in family firms.

Through structured induction in a four-case study of medium-sized Swedish family firms, the authors demonstrate that board functions can be located in other arenas than in the common board and suggest propositions that explain their distribution.

(1) The board is but one of several arenas where board functions are performed. (2) The functions performed by the board vary in type and emphasis. (3) The non-family directors in a family firm serve the owners, even sometimes governing them, in what the authors term “bidirectional governance”. (4) The kin strategy of the family influences their governance. (5) The utilization of a board for governance stems from the family (together with its constitution, kin strategy and governance strategy), the board composition and the business conditions of the firm.

Being a case study the findings are restricted to concepts and theoretical propositions. Using structured induction, the study is not solely inductive but still contains the subjectivity of induction.

Governance agents should have an instrumental view on the board, considering it one possible governance arena among others, thereby economizing on governance.

The institutional pressure toward active boards could paradoxically reduce the importance of the board in family firms.

The board of a family company differs in its emphasis of board functions and these functions are performed with varying emphases in different governance arenas. The authors propose the concept of kin strategy, which refers to the governance importance of the structure of the owner and observations on bi-directional governance, indicating that the board can govern the owners.

]]>
Board functions in governance arenas: a comparative case study of four Swedish family firms10.1108/JFBM-04-2023-0055Journal of Family Business Management2023-10-09© 2023 Jenny Ahlberg, Sven-Olof Yrjö Collin, Elin Smith and Timur UmanJenny AhlbergSven-Olof Yrjö CollinElin SmithTimur UmanJournal of Family Business Managementahead-of-printahead-of-print2023-10-0910.1108/JFBM-04-2023-0055https://www.emerald.com/insight/content/doi/10.1108/JFBM-04-2023-0055/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Jenny Ahlberg, Sven-Olof Yrjö Collin, Elin Smith and Timur Umanhttp://creativecommons.org/licences/by/4.0/legalcode
How family firm advisors understand their clients: a mixed-methods analysis of social capital signaling in web-based marketinghttps://www.emerald.com/insight/content/doi/10.1108/JFBM-04-2023-0056/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestDespite similarities, research across family business and business advising forwards contradictory conclusions when considering family business advising. The authors seek to integrate these literature and in doing so uncover both the hurdles facing family business advisors attempting to adapt tools developed in corporate advising to the family business context as well as the potential for greater integration of these streams in ways that contribute to both family business and advising research and practice. Primary data were collected both in the form of a survey questionnaire and website marketing content. In the survey, 47 family business advisors evaluated the distinctiveness of their family business clients across structural, cognitive and relational social capital dimensions. Motivated by unexpected findings, a content analysis of advisor websites uncovered specific marketing themes that illustrate the divides between family business advising and scholarship. Family business advisors reliably acknowledge structural and cognitive social capital as preeminently characterizing the distinctiveness of their family business clients. Expanding on this, the authors’ findings suggest that the urgency signaled in advisor marketing via their websites may inspire tactics misaligned with the long-term time horizon typically characterizing family businesses strategy. The few family business advising studies that exist predominantly consider post-hoc evaluation of advising by family business clients. The primary data the authors collect are unique in the literature in that the data detail how family business advisors perceive and engage with potential clients.How family firm advisors understand their clients: a mixed-methods analysis of social capital signaling in web-based marketing
Robert Randolph, Eric Kushins, Prachi Gala
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

Despite similarities, research across family business and business advising forwards contradictory conclusions when considering family business advising. The authors seek to integrate these literature and in doing so uncover both the hurdles facing family business advisors attempting to adapt tools developed in corporate advising to the family business context as well as the potential for greater integration of these streams in ways that contribute to both family business and advising research and practice.

Primary data were collected both in the form of a survey questionnaire and website marketing content. In the survey, 47 family business advisors evaluated the distinctiveness of their family business clients across structural, cognitive and relational social capital dimensions. Motivated by unexpected findings, a content analysis of advisor websites uncovered specific marketing themes that illustrate the divides between family business advising and scholarship.

Family business advisors reliably acknowledge structural and cognitive social capital as preeminently characterizing the distinctiveness of their family business clients. Expanding on this, the authors’ findings suggest that the urgency signaled in advisor marketing via their websites may inspire tactics misaligned with the long-term time horizon typically characterizing family businesses strategy.

The few family business advising studies that exist predominantly consider post-hoc evaluation of advising by family business clients. The primary data the authors collect are unique in the literature in that the data detail how family business advisors perceive and engage with potential clients.

]]>
How family firm advisors understand their clients: a mixed-methods analysis of social capital signaling in web-based marketing10.1108/JFBM-04-2023-0056Journal of Family Business Management2023-08-23© 2023 Emerald Publishing LimitedRobert RandolphEric KushinsPrachi GalaJournal of Family Business Managementahead-of-printahead-of-print2023-08-2310.1108/JFBM-04-2023-0056https://www.emerald.com/insight/content/doi/10.1108/JFBM-04-2023-0056/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Emerald Publishing Limited
The state of family business research in the Visegrád countrieshttps://www.emerald.com/insight/content/doi/10.1108/JFBM-04-2023-0057/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThe institutional context in which family firms operate influences their behaviour and performance, yet literature reviews seldom analyse family firms on a regional basis. To fill this gap, this review aims to present research on family entrepreneurship in the transition economies of the Visegrád countries (V4). In this particular group of European economies, the current formal institutions have largely evolved along Western European lines. However, the transformation of informal institutions appears to be still in its infancy. In order to identify the most representative authors, the methodologies used, the main research topics and to establish a future research agenda, the authors selected, through a systematic process, 112 papers from the Web of Science up to the year 2022. The authors performed a bibliographic analysis using clustering algorithms, complemented by a traditional literature review. The performance of family firms in transition economies has been the subject of very little research. The results allowed the authors to identify four main areas of research: governance, innovation, sustainability, competitive advantage and considering the influence of the region's characteristics on family business behaviour. Studies from transition economies can contribute to a broader understanding of family firms in terms of the impact of the institutional environment (especially the influence of sociological changes and specific historical experiences of family members) on their long-term planning, socioemotional wealth (SEW) protection and ethics. In light of recent events, research from the region may also contribute to the understanding of how and to what extent “familiness” influences crisis management or socially responsible behaviour in family firms.The state of family business research in the Visegrád countries
Judit Csákné Filep, Olga Anna Martyniuk, Marta Wojtyra-Perlejewska
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

The institutional context in which family firms operate influences their behaviour and performance, yet literature reviews seldom analyse family firms on a regional basis. To fill this gap, this review aims to present research on family entrepreneurship in the transition economies of the Visegrád countries (V4). In this particular group of European economies, the current formal institutions have largely evolved along Western European lines. However, the transformation of informal institutions appears to be still in its infancy.

In order to identify the most representative authors, the methodologies used, the main research topics and to establish a future research agenda, the authors selected, through a systematic process, 112 papers from the Web of Science up to the year 2022. The authors performed a bibliographic analysis using clustering algorithms, complemented by a traditional literature review.

The performance of family firms in transition economies has been the subject of very little research. The results allowed the authors to identify four main areas of research: governance, innovation, sustainability, competitive advantage and considering the influence of the region's characteristics on family business behaviour.

Studies from transition economies can contribute to a broader understanding of family firms in terms of the impact of the institutional environment (especially the influence of sociological changes and specific historical experiences of family members) on their long-term planning, socioemotional wealth (SEW) protection and ethics. In light of recent events, research from the region may also contribute to the understanding of how and to what extent “familiness” influences crisis management or socially responsible behaviour in family firms.

]]>
The state of family business research in the Visegrád countries10.1108/JFBM-04-2023-0057Journal of Family Business Management2023-10-06© 2023 Judit Csákné Filep, Olga Anna Martyniuk and Marta Wojtyra-PerlejewskaJudit Csákné FilepOlga Anna MartyniukMarta Wojtyra-PerlejewskaJournal of Family Business Managementahead-of-printahead-of-print2023-10-0610.1108/JFBM-04-2023-0057https://www.emerald.com/insight/content/doi/10.1108/JFBM-04-2023-0057/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Judit Csákné Filep, Olga Anna Martyniuk and Marta Wojtyra-Perlejewskahttp://creativecommons.org/licences/by/4.0/legalcode
The influence of family dynamics on business performance: does effective leadership matter?https://www.emerald.com/insight/content/doi/10.1108/JFBM-04-2023-0058/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestFamily businesses have a dual objective of profit making and providing opportunities for family members. This duality leads to a conflict that may bring poor team work and communication, which is difficult to reconcile. Thus, the study looked into how the performance of family enterprises is affected by family dynamics. Additionally, it examines the relationship's ability to be mediated by effective leadership. The study adopted a quantitative, explanatory research approach. The study population was family-owned enterprises in KwaZulu-Natal's South Durban Basin, of which 236 were chosen using a snowball and convenience sampling technique. Data was analysed using various descriptive and inferential statistical techniques, namely, multiple regression and the standard deviation. The finding of the study shows that family dynamics significantly influenced business performance both directly and indirectly through effective leadership. Besides, the family firms with larger employee sizes have better effective leadership that positively contributes to the business performance. The study recommends that family businesses should train their members to ensure leadership effectiveness. This study is unique in that it was conducted in Black Townships and focusses mainly on businesses owned by families of Indian descent that need to prepare for leadership/ownership. It also contributes to academic literature on family dynamics and will encourage families to recognise the importance of strong leadership in controlling family dynamics to improve business success.The influence of family dynamics on business performance: does effective leadership matter?
Reshmini Maharajh, Shepherd Dhliwayo, Abdella Kosa Chebo
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

Family businesses have a dual objective of profit making and providing opportunities for family members. This duality leads to a conflict that may bring poor team work and communication, which is difficult to reconcile. Thus, the study looked into how the performance of family enterprises is affected by family dynamics. Additionally, it examines the relationship's ability to be mediated by effective leadership.

The study adopted a quantitative, explanatory research approach. The study population was family-owned enterprises in KwaZulu-Natal's South Durban Basin, of which 236 were chosen using a snowball and convenience sampling technique. Data was analysed using various descriptive and inferential statistical techniques, namely, multiple regression and the standard deviation.

The finding of the study shows that family dynamics significantly influenced business performance both directly and indirectly through effective leadership. Besides, the family firms with larger employee sizes have better effective leadership that positively contributes to the business performance.

The study recommends that family businesses should train their members to ensure leadership effectiveness.

This study is unique in that it was conducted in Black Townships and focusses mainly on businesses owned by families of Indian descent that need to prepare for leadership/ownership. It also contributes to academic literature on family dynamics and will encourage families to recognise the importance of strong leadership in controlling family dynamics to improve business success.

]]>
The influence of family dynamics on business performance: does effective leadership matter?10.1108/JFBM-04-2023-0058Journal of Family Business Management2023-10-03© 2023 Reshmini Maharajh, Shepherd Dhliwayo and Abdella Kosa CheboReshmini MaharajhShepherd DhliwayoAbdella Kosa CheboJournal of Family Business Managementahead-of-printahead-of-print2023-10-0310.1108/JFBM-04-2023-0058https://www.emerald.com/insight/content/doi/10.1108/JFBM-04-2023-0058/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Reshmini Maharajh, Shepherd Dhliwayo and Abdella Kosa Chebohttp://creativecommons.org/licences/by/4.0/legalcode
Family ownership and audit fees in emerging countries: the moderating role of political connectionshttps://www.emerald.com/insight/content/doi/10.1108/JFBM-05-2023-0071/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThis study aims to examine the effect of family ownership on audit fees and whether political connections moderate the causal relationship. Indonesia, as emerging countries, arguably offers appropriate research setting for this research because most Indonesian firms are family owned and exhibit weak investor protection. The authors predict that family ownership positively affects audit fees, and political connections strengthen this influence. This study uses 98 listed manufacturing firms on Indonesia Stock Exchange (IDX) in 2018–2020, resulting in 279 firm-year observations. Panel data regression used to test the hypothesis. Family ownership is divided into direct and indirect ownership while audit fees are measured by the natural logarithm of audit fees paid by the firms. The results show that the greater total and direct family ownerships imply lower audit fees, while indirect family ownership does not affect audit fees. The finding is contrary to the alleged hypothesis. Further, political connections only strengthen direct family ownership's negative impact on audit fees. This study's findings support the alignment effect hypothesis arguing that controlling shareholders, in this case, families, align their interests with non-controlling shareholders. These findings provide a different perspective from various empirical studies conducted in Asian countries where the majority of companies are also controlled.Family ownership and audit fees in emerging countries: the moderating role of political connections
Supatmi Supatmi, Christa Kurnia Alethea, Yeterina Widi Nugrahanti, MI Mitha Dwi Restuti
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

This study aims to examine the effect of family ownership on audit fees and whether political connections moderate the causal relationship. Indonesia, as emerging countries, arguably offers appropriate research setting for this research because most Indonesian firms are family owned and exhibit weak investor protection. The authors predict that family ownership positively affects audit fees, and political connections strengthen this influence.

This study uses 98 listed manufacturing firms on Indonesia Stock Exchange (IDX) in 2018–2020, resulting in 279 firm-year observations. Panel data regression used to test the hypothesis. Family ownership is divided into direct and indirect ownership while audit fees are measured by the natural logarithm of audit fees paid by the firms.

The results show that the greater total and direct family ownerships imply lower audit fees, while indirect family ownership does not affect audit fees. The finding is contrary to the alleged hypothesis. Further, political connections only strengthen direct family ownership's negative impact on audit fees.

This study's findings support the alignment effect hypothesis arguing that controlling shareholders, in this case, families, align their interests with non-controlling shareholders. These findings provide a different perspective from various empirical studies conducted in Asian countries where the majority of companies are also controlled.

]]>
Family ownership and audit fees in emerging countries: the moderating role of political connections10.1108/JFBM-05-2023-0071Journal of Family Business Management2023-08-04© 2023 Emerald Publishing LimitedSupatmi SupatmiChrista Kurnia AletheaYeterina Widi NugrahantiMI Mitha Dwi RestutiJournal of Family Business Managementahead-of-printahead-of-print2023-08-0410.1108/JFBM-05-2023-0071https://www.emerald.com/insight/content/doi/10.1108/JFBM-05-2023-0071/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Emerald Publishing Limited
Parental influence on next-generation family members in South African Black-owned family businesseshttps://www.emerald.com/insight/content/doi/10.1108/JFBM-06-2023-0076/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThere are many factors that contribute to a person's career choice. The decision of whether or not to join the family business is certainly most influenced by parents. The aim of this research is to determine how much of an impact parents have on their next-generation family members' (NGFMs) decision to join the family business. Following a positivistic paradigm, a cross-sectional design was followed using a quantitative, self-administered questionnaire through a judgemental sampling technique. A structured questionnaire was distributed to South African respondents who have parents who own a family business. The data were analysed using Statistica. The results indicate that parental style, culture, self-efficacy and parental identification were found to influence the NGFMs' intention to join the family business significantly. Their decisions can be influenced by several factors, and parents can better manage these aspects by being aware of these influencing factors. Given the imminent ageing of a large cohort of senior leaders, this research adds to the body of knowledge by highlighting the necessity for committed, willing and ready next-generation family members (NGFMs) to ensure efficient succession in family businesses. Therefore, effective management is required for succession-planning, particularly from the perspective of the successor. This study, therefore, responds to calls for more in-depth quantitative studies on family businesses in general and on Black-owned family businesses in South Africa in particular. This study will evaluate the significance of parent influence on NGFMs to join Black family-owned businesses in South Africa. This research will assist family business owners and their families in understanding their children's intentions, designing and evolving an appropriate system to instill necessary traits, skills and attitudes in the children, preparing them for upcoming challenges, adding new perspectives to the family business and ensuring its profitability and long-term growth.Parental influence on next-generation family members in South African Black-owned family businesses
Lwando Ntari, Ayanda Pamella Deliwe
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

There are many factors that contribute to a person's career choice. The decision of whether or not to join the family business is certainly most influenced by parents. The aim of this research is to determine how much of an impact parents have on their next-generation family members' (NGFMs) decision to join the family business.

Following a positivistic paradigm, a cross-sectional design was followed using a quantitative, self-administered questionnaire through a judgemental sampling technique. A structured questionnaire was distributed to South African respondents who have parents who own a family business. The data were analysed using Statistica.

The results indicate that parental style, culture, self-efficacy and parental identification were found to influence the NGFMs' intention to join the family business significantly. Their decisions can be influenced by several factors, and parents can better manage these aspects by being aware of these influencing factors.

Given the imminent ageing of a large cohort of senior leaders, this research adds to the body of knowledge by highlighting the necessity for committed, willing and ready next-generation family members (NGFMs) to ensure efficient succession in family businesses. Therefore, effective management is required for succession-planning, particularly from the perspective of the successor.

This study, therefore, responds to calls for more in-depth quantitative studies on family businesses in general and on Black-owned family businesses in South Africa in particular. This study will evaluate the significance of parent influence on NGFMs to join Black family-owned businesses in South Africa. This research will assist family business owners and their families in understanding their children's intentions, designing and evolving an appropriate system to instill necessary traits, skills and attitudes in the children, preparing them for upcoming challenges, adding new perspectives to the family business and ensuring its profitability and long-term growth.

]]>
Parental influence on next-generation family members in South African Black-owned family businesses10.1108/JFBM-06-2023-0076Journal of Family Business Management2023-09-28© 2023 Lwando Ntari and Ayanda Pamella DeliweLwando NtariAyanda Pamella DeliweJournal of Family Business Managementahead-of-printahead-of-print2023-09-2810.1108/JFBM-06-2023-0076https://www.emerald.com/insight/content/doi/10.1108/JFBM-06-2023-0076/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Lwando Ntari and Ayanda Pamella Deliwehttp://creativecommons.org/licences/by/4.0/legalcode
Crisis management in family firms: do religion and secularization of family decision-makers’ matter?https://www.emerald.com/insight/content/doi/10.1108/JFBM-06-2023-0077/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThe unique dynamics of family firms (FFs) shape the management of financial crises. Religious and secular reasons, as a defining characteristic of this type of firm, provide a reference system for key management decisions. This paper aims to explore the under-researched topic of differences in FFs' crisis management between religious and secular family decision-makers (FDMs), considering secularization in developed countries. The paper draws on a qualitative-empirical study of 14 large FFs from the DACH region (Germany, Austria and Switzerland), through both a media analysis and semi-structured interviews with FDMs who have significant influence on key management decisions. Despite secularization, religion continues to influence managerial decisions such as crisis management in the DACH region. The findings show that crisis management differs across religious and secular FDMs, demonstrating the substantial impact of religious and secular reasons on operational and financial measures. Thus, religious and secular reasons may partially explain the complex and ambivalent crisis management of FFs. This indicates that religion shapes FF's key management decisions in the increasingly secularized DACH region. Religious FDMs are accountable to both the firm and to God, which fosters their own personal and financial resources during crisis management. This paper contributes to the existing literature by exploring the impact of religion and secularization within developed countries. Further, it offers deeper insights into FF's crisis management and is one of the first studies to assess the impact of religion and secularization on operational and financial measures. This research derives five propositions for further research and discusses a broad range of original implications for theory and practice.Crisis management in family firms: do religion and secularization of family decision-makers’ matter?
Johannes Thaller, Stefan Mayr, Birgit Feldbauer-Durstmüller
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

The unique dynamics of family firms (FFs) shape the management of financial crises. Religious and secular reasons, as a defining characteristic of this type of firm, provide a reference system for key management decisions. This paper aims to explore the under-researched topic of differences in FFs' crisis management between religious and secular family decision-makers (FDMs), considering secularization in developed countries.

The paper draws on a qualitative-empirical study of 14 large FFs from the DACH region (Germany, Austria and Switzerland), through both a media analysis and semi-structured interviews with FDMs who have significant influence on key management decisions.

Despite secularization, religion continues to influence managerial decisions such as crisis management in the DACH region. The findings show that crisis management differs across religious and secular FDMs, demonstrating the substantial impact of religious and secular reasons on operational and financial measures. Thus, religious and secular reasons may partially explain the complex and ambivalent crisis management of FFs. This indicates that religion shapes FF's key management decisions in the increasingly secularized DACH region. Religious FDMs are accountable to both the firm and to God, which fosters their own personal and financial resources during crisis management.

This paper contributes to the existing literature by exploring the impact of religion and secularization within developed countries. Further, it offers deeper insights into FF's crisis management and is one of the first studies to assess the impact of religion and secularization on operational and financial measures. This research derives five propositions for further research and discusses a broad range of original implications for theory and practice.

]]>
Crisis management in family firms: do religion and secularization of family decision-makers’ matter?10.1108/JFBM-06-2023-0077Journal of Family Business Management2023-09-19© 2023 Johannes Thaller, Stefan Mayr and Birgit Feldbauer-DurstmüllerJohannes ThallerStefan MayrBirgit Feldbauer-DurstmüllerJournal of Family Business Managementahead-of-printahead-of-print2023-09-1910.1108/JFBM-06-2023-0077https://www.emerald.com/insight/content/doi/10.1108/JFBM-06-2023-0077/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Johannes Thaller, Stefan Mayr and Birgit Feldbauer-Durstmüllerhttp://creativecommons.org/licences/by/4.0/legalcode
Family firms and product recalls: an event study for the US automobile industryhttps://www.emerald.com/insight/content/doi/10.1108/JFBM-06-2023-0084/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThis study explores whether the unique organizational form of family firms helps to mitigate the negative effects caused by the announcement of product recalls. The authors use an event study, for a sample of 2,576 product recalls in the United States (US) automobile industry, between January 2010 and June 2021. The authors found that stock market's reaction to a product recall announcement is less negative for family firms. This superior performance is partially driven by the family firms' long-term investment horizons and higher strategic emphasis on product quality. However, the relationship between family ownership and cumulative abnormal returns around product recall announcements is nonlinear as the impact of family ownership starts by being positive but becomes negative for higher levels of family ownership. The authors also find that family firm's chief executive officer (CEO) and managerial ownership influence positively the stock market reaction to product recall announcements. This work has several implications for family firms' management as well as for investors and financial analysts. First, as higher managerial ownership is associated with a greater emphasis on product quality, decreasing stock market losses when a product recall occurs, family firms should consider increasing equity-based compensation. Second, as there seems to exist an optimal proportion of family ownership, family firms should consider the risks of increasing too much their ownership share. Third, investors and financial analysts can use the results in the study to help them in their investment and trading decisions in the stock market. The authors extend the knowledge of product recalls by studying the under-researched role of the flexible, internally focused culture of family businesses on the stock market reaction to product recalls.Family firms and product recalls: an event study for the US automobile industry
António Miguel Martins, Cesaltina Pacheco Pires
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

This study explores whether the unique organizational form of family firms helps to mitigate the negative effects caused by the announcement of product recalls.

The authors use an event study, for a sample of 2,576 product recalls in the United States (US) automobile industry, between January 2010 and June 2021.

The authors found that stock market's reaction to a product recall announcement is less negative for family firms. This superior performance is partially driven by the family firms' long-term investment horizons and higher strategic emphasis on product quality. However, the relationship between family ownership and cumulative abnormal returns around product recall announcements is nonlinear as the impact of family ownership starts by being positive but becomes negative for higher levels of family ownership. The authors also find that family firm's chief executive officer (CEO) and managerial ownership influence positively the stock market reaction to product recall announcements.

This work has several implications for family firms' management as well as for investors and financial analysts. First, as higher managerial ownership is associated with a greater emphasis on product quality, decreasing stock market losses when a product recall occurs, family firms should consider increasing equity-based compensation. Second, as there seems to exist an optimal proportion of family ownership, family firms should consider the risks of increasing too much their ownership share. Third, investors and financial analysts can use the results in the study to help them in their investment and trading decisions in the stock market.

The authors extend the knowledge of product recalls by studying the under-researched role of the flexible, internally focused culture of family businesses on the stock market reaction to product recalls.

]]>
Family firms and product recalls: an event study for the US automobile industry10.1108/JFBM-06-2023-0084Journal of Family Business Management2023-07-19© 2023 Emerald Publishing LimitedAntónio Miguel MartinsCesaltina Pacheco PiresJournal of Family Business Managementahead-of-printahead-of-print2023-07-1910.1108/JFBM-06-2023-0084https://www.emerald.com/insight/content/doi/10.1108/JFBM-06-2023-0084/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Emerald Publishing Limited
The relationship between the use of technologies and digitalization strategies for digital transformation in family businesseshttps://www.emerald.com/insight/content/doi/10.1108/JFBM-06-2023-0087/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestAnalyzing the effect of digitalization strategies and barriers to digital transformation (DT) on the use of technologies, in the Brazilian context, is necessary to broaden the understanding of topics in emerging economies. Thus, empirical research to evaluate and analyze aspects related to DT in small and medium-sized family businesses in an emerging economy is necessary, as it is a necessary strategic alternative in the current context. Using data from a survey conducted with 210 managers of Brazilian family businesses, the authors analyzed the positive cause and effect relationship between digitalization strategy and technology use. In addition, the authors seek to explore the moderating effect of barriers to digital development on the relationship between digitalization strategy and technology use. This analysis was conducted using the structural equation modeling technique, with the help of SmartPLS 4.0 software. The findings confirm the positive relationship between the implementation of digitalization strategies and technology usage in small family businesses, thereby contributing to the broader analysis of how small family businesses employ and define their digitalization strategies. Furthermore, the authors identified barriers that hinder the development and utilization of technology for digitalization purposes. This study fills gaps in empirical research by explaining the factors that drive barriers to DT in small family businesses. It contributes to advancing the understanding of digitalization strategies used by family SMEs and identifies the real strategic value opportunities that DT represents for businesses.The relationship between the use of technologies and digitalization strategies for digital transformation in family businesses
Sérgio Begnini, Ieda Margarete Oro, Graciele Tonial, Inocencia Boita Dalbosco
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

Analyzing the effect of digitalization strategies and barriers to digital transformation (DT) on the use of technologies, in the Brazilian context, is necessary to broaden the understanding of topics in emerging economies. Thus, empirical research to evaluate and analyze aspects related to DT in small and medium-sized family businesses in an emerging economy is necessary, as it is a necessary strategic alternative in the current context.

Using data from a survey conducted with 210 managers of Brazilian family businesses, the authors analyzed the positive cause and effect relationship between digitalization strategy and technology use. In addition, the authors seek to explore the moderating effect of barriers to digital development on the relationship between digitalization strategy and technology use. This analysis was conducted using the structural equation modeling technique, with the help of SmartPLS 4.0 software.

The findings confirm the positive relationship between the implementation of digitalization strategies and technology usage in small family businesses, thereby contributing to the broader analysis of how small family businesses employ and define their digitalization strategies. Furthermore, the authors identified barriers that hinder the development and utilization of technology for digitalization purposes.

This study fills gaps in empirical research by explaining the factors that drive barriers to DT in small family businesses. It contributes to advancing the understanding of digitalization strategies used by family SMEs and identifies the real strategic value opportunities that DT represents for businesses.

]]>
The relationship between the use of technologies and digitalization strategies for digital transformation in family businesses10.1108/JFBM-06-2023-0087Journal of Family Business Management2023-10-10© 2023 Emerald Publishing LimitedSérgio BegniniIeda Margarete OroGraciele TonialInocencia Boita DalboscoJournal of Family Business Managementahead-of-printahead-of-print2023-10-1010.1108/JFBM-06-2023-0087https://www.emerald.com/insight/content/doi/10.1108/JFBM-06-2023-0087/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Emerald Publishing Limited
The effect of board diversity and tenure on environmental performance. Evidence from family and non-family firmshttps://www.emerald.com/insight/content/doi/10.1108/JFBM-06-2023-0088/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThe aim of this paper is to examine the effect of structural and demographic board diversity as well as board tenure on family firms' environmental performance, by analyzing the differences between family and non-family businesses and within family firms. Tobit regressions are applied to investigate the effect of independent directors, CEO non-duality, board gender diversity and board tenure on environmental performance. The study also controls for other board and firm characteristics, as well as for time, industry and country-fixed effects. In doing so, the authors rely on a sample of non-financial listed firms from France, Germany, Italy, Spain and Portugal over the period 2014–2021. The authors find that women on the board positively influence environmental performance and this effect is significant only in family firms, although board tenure negatively moderates the relationship. Board independence significantly affects environmental performance only in non-family firms. A strong presence of family directors has a negative effect on family firms' environmental performance, especially when directors' turnover is low. This paper examines the unexplored relationship between structural board diversity and environmental performance in family companies. This study provides empirical evidence on the association between gender diversity and family firms' environmental performance focusing for the first time on a European setting. Moreover, this study provides evidence of a different effect of board tenure in family and non-family businesses.The effect of board diversity and tenure on environmental performance. Evidence from family and non-family firms
Giovanna Gavana, Pietro Gottardo, Anna Maria Moisello
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

The aim of this paper is to examine the effect of structural and demographic board diversity as well as board tenure on family firms' environmental performance, by analyzing the differences between family and non-family businesses and within family firms.

Tobit regressions are applied to investigate the effect of independent directors, CEO non-duality, board gender diversity and board tenure on environmental performance. The study also controls for other board and firm characteristics, as well as for time, industry and country-fixed effects. In doing so, the authors rely on a sample of non-financial listed firms from France, Germany, Italy, Spain and Portugal over the period 2014–2021.

The authors find that women on the board positively influence environmental performance and this effect is significant only in family firms, although board tenure negatively moderates the relationship. Board independence significantly affects environmental performance only in non-family firms. A strong presence of family directors has a negative effect on family firms' environmental performance, especially when directors' turnover is low.

This paper examines the unexplored relationship between structural board diversity and environmental performance in family companies. This study provides empirical evidence on the association between gender diversity and family firms' environmental performance focusing for the first time on a European setting. Moreover, this study provides evidence of a different effect of board tenure in family and non-family businesses.

]]>
The effect of board diversity and tenure on environmental performance. Evidence from family and non-family firms10.1108/JFBM-06-2023-0088Journal of Family Business Management2023-09-26© 2023 Giovanna Gavana, Pietro Gottardo and Anna Maria MoiselloGiovanna GavanaPietro GottardoAnna Maria MoiselloJournal of Family Business Managementahead-of-printahead-of-print2023-09-2610.1108/JFBM-06-2023-0088https://www.emerald.com/insight/content/doi/10.1108/JFBM-06-2023-0088/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Giovanna Gavana, Pietro Gottardo and Anna Maria Moisellohttp://creativecommons.org/licences/by/4.0/legalcode
Family firm performance: the effects of organizational culture and organizational social capitalhttps://www.emerald.com/insight/content/doi/10.1108/JFBM-06-2023-0089/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThe goal of this paper is to examine the mediating role of organizational social capital between family firms' organizational culture, characterized by their group vs individual orientation and external vs internal orientation, and their performance. A structural equation model is developed and tested in a sample of 176 US family firms recruited through Prolific Academic. The authors show that group vs individual cultural orientation fosters bonding social capital, while external vs internal cultural orientation fosters bridging social capital. In turn, family firm performance is only enhanced by bridging social capital, not bonding social capital, which appears to have neutral to negative direct performance effects. Nevertheless, it is noteworthy that bonding social capital facilitates the establishment of bridging ties, leading to overall positive performance outcomes. The understanding of how organizational culture influences family business heterogeneity and performance, along with the clarification of how bonding social capital fosters or hinders performance, provides novel insights for researchers and practitioners seeking to understand the complexities within the unique context of family businesses.Family firm performance: the effects of organizational culture and organizational social capital
Michele Stasa Ouzký, Ondřej Machek
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

The goal of this paper is to examine the mediating role of organizational social capital between family firms' organizational culture, characterized by their group vs individual orientation and external vs internal orientation, and their performance.

A structural equation model is developed and tested in a sample of 176 US family firms recruited through Prolific Academic.

The authors show that group vs individual cultural orientation fosters bonding social capital, while external vs internal cultural orientation fosters bridging social capital. In turn, family firm performance is only enhanced by bridging social capital, not bonding social capital, which appears to have neutral to negative direct performance effects. Nevertheless, it is noteworthy that bonding social capital facilitates the establishment of bridging ties, leading to overall positive performance outcomes.

The understanding of how organizational culture influences family business heterogeneity and performance, along with the clarification of how bonding social capital fosters or hinders performance, provides novel insights for researchers and practitioners seeking to understand the complexities within the unique context of family businesses.

]]>
Family firm performance: the effects of organizational culture and organizational social capital10.1108/JFBM-06-2023-0089Journal of Family Business Management2023-08-15© 2023 Michele Stasa Ouzký and Ondřej MachekMichele Stasa OuzkýOndřej MachekJournal of Family Business Managementahead-of-printahead-of-print2023-08-1510.1108/JFBM-06-2023-0089https://www.emerald.com/insight/content/doi/10.1108/JFBM-06-2023-0089/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Michele Stasa Ouzký and Ondřej Machekhttp://creativecommons.org/licences/by/4.0/legalcode
Transgenerational value transmission in business-owning families: an indigenous African perspectivehttps://www.emerald.com/insight/content/doi/10.1108/JFBM-06-2023-0091/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThis study aims to investigate the favourable conditions that influence transgenerational value transmission (TVT), value acceptance and value similarity between generations in indigenous African business-owning families. This study adopts a multiple case study design and draws on semi-structured face-to-face interviews to collect data from participants in seven indigenous Black business-owning families located in South Africa. The software ATLAS.ti was utilised to manage the data and reflexive thematic analysis was undertaken. The analysis reveal four themes describing how transmission factors facilitate favourable conditions for successful TVT in IBSA business-owning families, namely, authoritarian parenting, a loving and connected family relational climate, the continuous reinforcement of autonomy during childhood development and family authenticity in the face of societies dominant values climate. Furthermore, value similarity is perceived to exist among the different family generations in the business-owning families. This study is among the first to adopt the value acquisition model to empirically examine successful TVT and examine the extent of value similarity or dissimilarity, using the business-owning family as the unit of analysis. Novel contributions to family business literature and practices are proposing a model for TVT in an African context and studying relationships from a business-owning family perspective. The model for TVT could be used to socialise the NextGen members into value sets and behaviours that help business-owning families preserve their entrepreneurial legacy and family business longevity.Transgenerational value transmission in business-owning families: an indigenous African perspective
Welcome Kupangwa, Shelley Maeva Farrington, Elmarie Venter
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

This study aims to investigate the favourable conditions that influence transgenerational value transmission (TVT), value acceptance and value similarity between generations in indigenous African business-owning families.

This study adopts a multiple case study design and draws on semi-structured face-to-face interviews to collect data from participants in seven indigenous Black business-owning families located in South Africa. The software ATLAS.ti was utilised to manage the data and reflexive thematic analysis was undertaken.

The analysis reveal four themes describing how transmission factors facilitate favourable conditions for successful TVT in IBSA business-owning families, namely, authoritarian parenting, a loving and connected family relational climate, the continuous reinforcement of autonomy during childhood development and family authenticity in the face of societies dominant values climate. Furthermore, value similarity is perceived to exist among the different family generations in the business-owning families.

This study is among the first to adopt the value acquisition model to empirically examine successful TVT and examine the extent of value similarity or dissimilarity, using the business-owning family as the unit of analysis. Novel contributions to family business literature and practices are proposing a model for TVT in an African context and studying relationships from a business-owning family perspective. The model for TVT could be used to socialise the NextGen members into value sets and behaviours that help business-owning families preserve their entrepreneurial legacy and family business longevity.

]]>
Transgenerational value transmission in business-owning families: an indigenous African perspective10.1108/JFBM-06-2023-0091Journal of Family Business Management2023-10-23© 2023 Welcome Kupangwa, Shelley Maeva Farrington and Elmarie VenterWelcome KupangwaShelley Maeva FarringtonElmarie VenterJournal of Family Business Managementahead-of-printahead-of-print2023-10-2310.1108/JFBM-06-2023-0091https://www.emerald.com/insight/content/doi/10.1108/JFBM-06-2023-0091/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Welcome Kupangwa, Shelley Maeva Farrington and Elmarie Venterhttp://creativecommons.org/licences/by/4.0/legalcode
The adoption of governance mechanisms in family businesses: an institutional lenshttps://www.emerald.com/insight/content/doi/10.1108/JFBM-07-2019-0054/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestDespite agreement on the importance of adopting governance structures for developing competitive advantage, we still know little about why or how governance mechanisms are adopted in the first place. We also acknowledge that family businesses with formal governance mechanisms in place still resort to informal means to make decisions, and we lack knowledge about why certain governance mechanisms are sometimes, but not always, effective and functional. Given these research gaps, and drawing on institutional theory, we aim to explore: How are governance structures adopted and developed in family firms? Once adopted, how do family businesses perceive these governance structures? Using Mokken Scale Analysis, a method suitable to uncover patterns/sequences of adoption/acquisition over time, we analyze a dataset of 1,488 Spanish family firms to explore if there is a specific pattern in the implementation of governance structures. We complement the analysis with descriptive data about perceived usefulness of such structures. Our findings highlight two important issues. Family businesses follow a specific process implementing first business governance (board of directors, then executive committee), followed by family governance (family council then family constitution). We suggest they do so in response to institutional pressures, given the exposure they have to business practices, and their need to appear legitimate. Despite formal adoption of governance structures, family businesses do not necessarily consider them useful. We suggest that their perception about the usefulness of the implemented governance structures may lead to their ceremonial adoption, resulting in a gap between the implementation and functionality of such structures. Our article contributes to the family business literature by bringing novel insights about implementation of governance structures. We take a step back to explain why these governance mechanisms were adopted in the first place. Using institutional theory we enrich governance and family business literatures, by offering a lens that explains why family businesses follow a specific process in adopting governance structures. We also offer a plausible explanation as to why governance structures are ineffective in achieving their theorized role in the context of family businesses, based on the family's perception of the unusefulness of such structures, and the concept of ceremonial adoption. There is no single recipe that can serve the multiple needs of different family businesses. This indicates that family businesses may need diverse levels of development and order when setting up their governance structures. Accordingly, this study constitutes an important point of demarcation for practitioners interested in examining the effectiveness of governance structures in family firms. We show that an important pre-requisite for examining the effectiveness of governance structures is to start by investigating whether these structures are actually being used or are only adopted ceremonially. Our paper expands current knowledge on governance in family firms by taking a step back hinting at why are governance structures adopted in the first place. Focusing on how governance is implemented in terms of sequence is novel and relevant for researcher and practitioners to understand how this process unfolds. Our study uses institutional theory, which is a strong theory to support the results. Our paper also uses a novel method to study governance structures in family firms.The adoption of governance mechanisms in family businesses: an institutional lens
Maria Jose Parada, Alberto Gimeno, Georges Samara, Willem Saris
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

Despite agreement on the importance of adopting governance structures for developing competitive advantage, we still know little about why or how governance mechanisms are adopted in the first place. We also acknowledge that family businesses with formal governance mechanisms in place still resort to informal means to make decisions, and we lack knowledge about why certain governance mechanisms are sometimes, but not always, effective and functional. Given these research gaps, and drawing on institutional theory, we aim to explore: How are governance structures adopted and developed in family firms? Once adopted, how do family businesses perceive these governance structures?

Using Mokken Scale Analysis, a method suitable to uncover patterns/sequences of adoption/acquisition over time, we analyze a dataset of 1,488 Spanish family firms to explore if there is a specific pattern in the implementation of governance structures. We complement the analysis with descriptive data about perceived usefulness of such structures.

Our findings highlight two important issues. Family businesses follow a specific process implementing first business governance (board of directors, then executive committee), followed by family governance (family council then family constitution). We suggest they do so in response to institutional pressures, given the exposure they have to business practices, and their need to appear legitimate. Despite formal adoption of governance structures, family businesses do not necessarily consider them useful. We suggest that their perception about the usefulness of the implemented governance structures may lead to their ceremonial adoption, resulting in a gap between the implementation and functionality of such structures.

Our article contributes to the family business literature by bringing novel insights about implementation of governance structures. We take a step back to explain why these governance mechanisms were adopted in the first place. Using institutional theory we enrich governance and family business literatures, by offering a lens that explains why family businesses follow a specific process in adopting governance structures. We also offer a plausible explanation as to why governance structures are ineffective in achieving their theorized role in the context of family businesses, based on the family's perception of the unusefulness of such structures, and the concept of ceremonial adoption.

There is no single recipe that can serve the multiple needs of different family businesses. This indicates that family businesses may need diverse levels of development and order when setting up their governance structures. Accordingly, this study constitutes an important point of demarcation for practitioners interested in examining the effectiveness of governance structures in family firms. We show that an important pre-requisite for examining the effectiveness of governance structures is to start by investigating whether these structures are actually being used or are only adopted ceremonially.

Our paper expands current knowledge on governance in family firms by taking a step back hinting at why are governance structures adopted in the first place. Focusing on how governance is implemented in terms of sequence is novel and relevant for researcher and practitioners to understand how this process unfolds. Our study uses institutional theory, which is a strong theory to support the results. Our paper also uses a novel method to study governance structures in family firms.

]]>
The adoption of governance mechanisms in family businesses: an institutional lens10.1108/JFBM-07-2019-0054Journal of Family Business Management2020-04-29© 2020 Maria Jose Parada, Alberto Gimeno, Georges Samara and Willem SarisMaria Jose ParadaAlberto GimenoGeorges SamaraWillem SarisJournal of Family Business Managementahead-of-printahead-of-print2020-04-2910.1108/JFBM-07-2019-0054https://www.emerald.com/insight/content/doi/10.1108/JFBM-07-2019-0054/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2020 Maria Jose Parada, Alberto Gimeno, Georges Samara and Willem Sarishttp://creativecommons.org/licences/by/4.0/legalcode
Unveiling the triumph: the drivers behind entrepreneurial resilience among family wedding organizers in the context of the COVID-19 pandemichttps://www.emerald.com/insight/content/doi/10.1108/JFBM-07-2023-0098/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThe existence of a wedding organizer plays an essential role in realizing the dream wedding of the bride and groom and the progression of a family-centred structure. The wedding organizer industry is one of the business sectors that experienced a significant impact during the COVID-19 pandemic due to various policies restricting mobility and interaction. This study aims to answer research questions: What challenges are experienced by wedding organizers in the context of COVID-19? What factors drive entrepreneurial resilience for family business continuity in the face of the COVID-19 pandemic? This study uses a qualitative research design through semi-structured in-depth interviews with eight wedding organizers in Indonesia with questions centred around the context of the family in the event. This study found several challenges faced by wedding organizers, including personal barriers and environmental challenges due to the COVID-19 pandemic. The four drivers of entrepreneurial resilience of wedding organizers in dealing with the COVID-19 crisis include entrepreneurial motivations, entrepreneurial characteristics, firm strategies, and environmental support. These factors create a positive interaction effect for the continuity of the wedding event organizers. This study contributes to the literature by providing valuable insights into the broader entrepreneurial resilience issue and offering practical recommendations for wedding organizers and other entrepreneurs facing similar challenges. This study has both academic and practical implications in providing event management guidance and future avenues of research in this field.Unveiling the triumph: the drivers behind entrepreneurial resilience among family wedding organizers in the context of the COVID-19 pandemic
Grisna Anggadwita, Dini Turipanam Alamanda, Vanessa Ratten
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

The existence of a wedding organizer plays an essential role in realizing the dream wedding of the bride and groom and the progression of a family-centred structure. The wedding organizer industry is one of the business sectors that experienced a significant impact during the COVID-19 pandemic due to various policies restricting mobility and interaction. This study aims to answer research questions: What challenges are experienced by wedding organizers in the context of COVID-19? What factors drive entrepreneurial resilience for family business continuity in the face of the COVID-19 pandemic?

This study uses a qualitative research design through semi-structured in-depth interviews with eight wedding organizers in Indonesia with questions centred around the context of the family in the event.

This study found several challenges faced by wedding organizers, including personal barriers and environmental challenges due to the COVID-19 pandemic. The four drivers of entrepreneurial resilience of wedding organizers in dealing with the COVID-19 crisis include entrepreneurial motivations, entrepreneurial characteristics, firm strategies, and environmental support. These factors create a positive interaction effect for the continuity of the wedding event organizers.

This study contributes to the literature by providing valuable insights into the broader entrepreneurial resilience issue and offering practical recommendations for wedding organizers and other entrepreneurs facing similar challenges. This study has both academic and practical implications in providing event management guidance and future avenues of research in this field.

]]>
Unveiling the triumph: the drivers behind entrepreneurial resilience among family wedding organizers in the context of the COVID-19 pandemic10.1108/JFBM-07-2023-0098Journal of Family Business Management2023-08-11© 2023 Emerald Publishing LimitedGrisna AnggadwitaDini Turipanam AlamandaVanessa RattenJournal of Family Business Managementahead-of-printahead-of-print2023-08-1110.1108/JFBM-07-2023-0098https://www.emerald.com/insight/content/doi/10.1108/JFBM-07-2023-0098/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Emerald Publishing Limited
Entrepreneurial retirement and family business: a perspective articlehttps://www.emerald.com/insight/content/doi/10.1108/JFBM-07-2023-0099/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThis paper highlights the need for studies that explore the experiences of entrepreneurs based in a family business setting who are considering retirement. This paper is based on a concise review of the literature. Retirement planning and subsequent succession management is a significant event in a family business and is an issue that requires research that captures and interprets the perspectives of the different stakeholders. This paper synthesizes existing research on retirement in an entrepreneurial context, with an emphasis on family business and proposes three key areas of research.Entrepreneurial retirement and family business: a perspective article
Simon Stephens
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

This paper highlights the need for studies that explore the experiences of entrepreneurs based in a family business setting who are considering retirement.

This paper is based on a concise review of the literature.

Retirement planning and subsequent succession management is a significant event in a family business and is an issue that requires research that captures and interprets the perspectives of the different stakeholders.

This paper synthesizes existing research on retirement in an entrepreneurial context, with an emphasis on family business and proposes three key areas of research.

]]>
Entrepreneurial retirement and family business: a perspective article10.1108/JFBM-07-2023-0099Journal of Family Business Management2023-08-01© 2023 Emerald Publishing LimitedSimon StephensJournal of Family Business Managementahead-of-printahead-of-print2023-08-0110.1108/JFBM-07-2023-0099https://www.emerald.com/insight/content/doi/10.1108/JFBM-07-2023-0099/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Emerald Publishing Limited
Paradox and family business: a perspective articlehttps://www.emerald.com/insight/content/doi/10.1108/JFBM-07-2023-0101/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThis perspective article provides an overview of current research on paradoxes within family business settings and outlines emerging trends and potential avenues for future research in this field. This article is inspired by a systems-theoretical approach to business family paradoxes. The article suggests that increasing research interest in more-than and neither-nor approaches to paradox could propel the digital transformation of paradox theory and facilitate the strategic management of family business paradoxes in multi-stakeholder environments. This article synthesises the state of the arts in the field of research on family business paradoxes and proposes future research agendas.Paradox and family business: a perspective article
Steffen Roth
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

This perspective article provides an overview of current research on paradoxes within family business settings and outlines emerging trends and potential avenues for future research in this field.

This article is inspired by a systems-theoretical approach to business family paradoxes.

The article suggests that increasing research interest in more-than and neither-nor approaches to paradox could propel the digital transformation of paradox theory and facilitate the strategic management of family business paradoxes in multi-stakeholder environments.

This article synthesises the state of the arts in the field of research on family business paradoxes and proposes future research agendas.

]]>
Paradox and family business: a perspective article10.1108/JFBM-07-2023-0101Journal of Family Business Management2023-08-07© 2023 Emerald Publishing LimitedSteffen RothJournal of Family Business Managementahead-of-printahead-of-print2023-08-0710.1108/JFBM-07-2023-0101https://www.emerald.com/insight/content/doi/10.1108/JFBM-07-2023-0101/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Emerald Publishing Limited
Does female descendent entrepreneur's self-compassion and financial literacy matter for succession success?https://www.emerald.com/insight/content/doi/10.1108/JFBM-07-2023-0102/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestPresent study investigated the influence of female descendent entrepreneur's self-compassion on the perceived succession success of small-family businesses (S-FB) with the mediating mechanism of financial literacy. The primary data was collected from 319 female descendent entrepreneurs who were designated as chairwomen, and managing director positions in their retails sector S-FBs. The purposive sampling technique was used to collect the data. The provided hypotheses are tested using the partial least square structural equation modeling (PLS-SEM) technique. This study followed multiple regression analyses to see the influence of self-compassion (mindfulness, self-isolation, self-judgment and over-identification) on financial literacy and perceived succession success. The results reveal that female descendent entrepreneurs mindfulness and over-identification significantly increase but self-isolation decreases the likelihood of successful succession transition. Moreover, female descendent entrepreneur's financial literacy increases mindfulness and overidentification while it decreases self-isolation and improves the likelihood of succession success. However, financial literacy does not influence self-judgmental traits and perceived succession success. This study highlights a vital issue, how the financial literacy of female descendent entrepreneurs manages their self-compassion and increases the likelihood of succession success. In addition, it covers a research gap and helps the S-FBs to improve their survival rate by focusing on the descendent entrepreneur's self-compassion and financial literacy. This study contributes to the body of knowledge by emphasizing predictors that influence the successful succession transition to subsequent generations. This study determines the influence of self-compassion of female descendent entrepreneurs on perceived succession success and financial literacy as a mediator by using the self-control theory. The study can be useful to family business consultants, policymakers and family businesses.Does female descendent entrepreneur's self-compassion and financial literacy matter for succession success?
Zeshan Ahmad, Shahbaz Sharif, Iftikhar Ahmad, Syed Muhammad Waseem Abbas, Mussrat Shaheen
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

Present study investigated the influence of female descendent entrepreneur's self-compassion on the perceived succession success of small-family businesses (S-FB) with the mediating mechanism of financial literacy.

The primary data was collected from 319 female descendent entrepreneurs who were designated as chairwomen, and managing director positions in their retails sector S-FBs. The purposive sampling technique was used to collect the data. The provided hypotheses are tested using the partial least square structural equation modeling (PLS-SEM) technique. This study followed multiple regression analyses to see the influence of self-compassion (mindfulness, self-isolation, self-judgment and over-identification) on financial literacy and perceived succession success.

The results reveal that female descendent entrepreneurs mindfulness and over-identification significantly increase but self-isolation decreases the likelihood of successful succession transition. Moreover, female descendent entrepreneur's financial literacy increases mindfulness and overidentification while it decreases self-isolation and improves the likelihood of succession success. However, financial literacy does not influence self-judgmental traits and perceived succession success.

This study highlights a vital issue, how the financial literacy of female descendent entrepreneurs manages their self-compassion and increases the likelihood of succession success. In addition, it covers a research gap and helps the S-FBs to improve their survival rate by focusing on the descendent entrepreneur's self-compassion and financial literacy.

This study contributes to the body of knowledge by emphasizing predictors that influence the successful succession transition to subsequent generations. This study determines the influence of self-compassion of female descendent entrepreneurs on perceived succession success and financial literacy as a mediator by using the self-control theory. The study can be useful to family business consultants, policymakers and family businesses.

]]>
Does female descendent entrepreneur's self-compassion and financial literacy matter for succession success?10.1108/JFBM-07-2023-0102Journal of Family Business Management2023-09-11© 2023 Emerald Publishing LimitedZeshan AhmadShahbaz SharifIftikhar AhmadSyed Muhammad Waseem AbbasMussrat ShaheenJournal of Family Business Managementahead-of-printahead-of-print2023-09-1110.1108/JFBM-07-2023-0102https://www.emerald.com/insight/content/doi/10.1108/JFBM-07-2023-0102/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Emerald Publishing Limited
Technology and family business: from conceptualization to implementation in strategic planning – a perspective articlehttps://www.emerald.com/insight/content/doi/10.1108/JFBM-07-2023-0105/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThis article offers a perspective on the evolution of strategic planning and strategic planning's implementation, particularly within the context of family business. This paper is structured into three sections: Introduction, literature review (LR), conclusion and practical and theoretical implications. The LR critically examines traditional planning tools and highlights the need for adopting new digital concepts to enhance effectiveness and resource management in family business. The author employed a LR to synthesize all the information and to identify the authors/articles related to the object of study. The use of technology to overcome strategic planning pitfalls and leverage emerging technologies while making data-driven decisions is a key factor for family businesses to stay ahead of the curve and achieve sustainable growth. This study explores the historical development of strategic planning tools and discusses the transformative impact of technology on the traditional landscape, with a specific focus on strategic planning's reflection in family businesses.Technology and family business: from conceptualization to implementation in strategic planning – a perspective article
Daniel Mandel Gandrita
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

This article offers a perspective on the evolution of strategic planning and strategic planning's implementation, particularly within the context of family business. This paper is structured into three sections: Introduction, literature review (LR), conclusion and practical and theoretical implications. The LR critically examines traditional planning tools and highlights the need for adopting new digital concepts to enhance effectiveness and resource management in family business.

The author employed a LR to synthesize all the information and to identify the authors/articles related to the object of study.

The use of technology to overcome strategic planning pitfalls and leverage emerging technologies while making data-driven decisions is a key factor for family businesses to stay ahead of the curve and achieve sustainable growth.

This study explores the historical development of strategic planning tools and discusses the transformative impact of technology on the traditional landscape, with a specific focus on strategic planning's reflection in family businesses.

]]>
Technology and family business: from conceptualization to implementation in strategic planning – a perspective article10.1108/JFBM-07-2023-0105Journal of Family Business Management2023-08-15© 2023 Emerald Publishing LimitedDaniel Mandel GandritaJournal of Family Business Managementahead-of-printahead-of-print2023-08-1510.1108/JFBM-07-2023-0105https://www.emerald.com/insight/content/doi/10.1108/JFBM-07-2023-0105/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Emerald Publishing Limited
The effect of the Covid-19 epidemic on auditing quality and the reaction of family vs non-family businesses to Covid-19: the case of Jordanhttps://www.emerald.com/insight/content/doi/10.1108/JFBM-07-2023-0106/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThe purpose of this paper is to provide new scientific knowledge concerning the impact of the Covid-19 pandemic on auditing quality as determined by audit fees for both family- and non-family-owned firms in Jordan. The authors use an ordinary least squares (OLS) regression firm-clustered standard error employing data from 200 Jordanian enterprises between 2005 and 2020 to validate this study's hypotheses. The regression findings suggest that enterprises run by families are better able to handle crises and spend less on audits. Companies that are not family-owned have to spend the most on monitoring tasks since they need to take extra steps to prevent the agency problem and make their financial statements stand out from their peers in order to attract more investors. Additional analysis that stretched out throughout 2005–2022 came to the same findings. The findings can be beneficial for authorities to better regulate and supervise the auditing sector. Political leaders, legislators, regulators and the auditing industry can all learn important lessons from the findings as they assess the growing concerns in a turbulent economic situation. The results of this research can, therefore, be utilised to reassure investors and assist policymakers in crafting workable responses to Covid-19's creation of financial problems. After the devastation caused by the coronavirus, these findings may be used to strengthen the laws that oversee Jordan's auditing sector. In emerging nations like Jordan, where there is a clear concentration of ownership and a predominance of high levels of family ownership, and to the best of the authors' knowledge, this is the first empirical study to compare the auditing quality of family-owned versus non-family-owned enterprises. Preliminary insights into the crisis management tactics of family and non-family organisations are provided by this first empirical investigation of the consequences of the Covid-19 crisis on family-owned firms.The effect of the Covid-19 epidemic on auditing quality and the reaction of family vs non-family businesses to Covid-19: the case of Jordan
Esraa Esam Alharasis, Fairouz Mustafa
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

The purpose of this paper is to provide new scientific knowledge concerning the impact of the Covid-19 pandemic on auditing quality as determined by audit fees for both family- and non-family-owned firms in Jordan.

The authors use an ordinary least squares (OLS) regression firm-clustered standard error employing data from 200 Jordanian enterprises between 2005 and 2020 to validate this study's hypotheses.

The regression findings suggest that enterprises run by families are better able to handle crises and spend less on audits. Companies that are not family-owned have to spend the most on monitoring tasks since they need to take extra steps to prevent the agency problem and make their financial statements stand out from their peers in order to attract more investors. Additional analysis that stretched out throughout 2005–2022 came to the same findings.

The findings can be beneficial for authorities to better regulate and supervise the auditing sector. Political leaders, legislators, regulators and the auditing industry can all learn important lessons from the findings as they assess the growing concerns in a turbulent economic situation. The results of this research can, therefore, be utilised to reassure investors and assist policymakers in crafting workable responses to Covid-19's creation of financial problems. After the devastation caused by the coronavirus, these findings may be used to strengthen the laws that oversee Jordan's auditing sector.

In emerging nations like Jordan, where there is a clear concentration of ownership and a predominance of high levels of family ownership, and to the best of the authors' knowledge, this is the first empirical study to compare the auditing quality of family-owned versus non-family-owned enterprises. Preliminary insights into the crisis management tactics of family and non-family organisations are provided by this first empirical investigation of the consequences of the Covid-19 crisis on family-owned firms.

]]>
The effect of the Covid-19 epidemic on auditing quality and the reaction of family vs non-family businesses to Covid-19: the case of Jordan10.1108/JFBM-07-2023-0106Journal of Family Business Management2023-10-12© 2023 Emerald Publishing LimitedEsraa Esam AlharasisFairouz MustafaJournal of Family Business Managementahead-of-printahead-of-print2023-10-1210.1108/JFBM-07-2023-0106https://www.emerald.com/insight/content/doi/10.1108/JFBM-07-2023-0106/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Emerald Publishing Limited
Family entrepreneurship: a perspective articlehttps://www.emerald.com/insight/content/doi/10.1108/JFBM-07-2023-0109/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThe author synthesizes research at the genesis of the field of family entrepreneurship, allowing to distinguish it from the field of family business. Indeed, family entrepreneurship is at the intersection of family, entrepreneurship and family business and is dedicated to the understanding of entrepreneurial behaviors of family, family members and family businesses. Here, the author emphasizes the importance of context as well as bidirectional relationships to grasp the multiplicity of behaviors and their antecedents and outcomes. The author offers an overview of possible futures: how family entrepreneurship can be instrumental in understanding and taking action in face of ecological, economic and societal issues. The author synthesizes, critically assesses and integrates extant research, offering a state of the art of the field of family entrepreneurship accessible to a wide audience of readers. The author reviews and integrates the literature that undergirds family entrepreneurship, flushing out its idiosyncratic value relative to family business. The author underscores how framing situations and issues with family entrepreneurship is a promising avenue to better understand and navigate pending ecological, economic and societal stakes. This perspectives paper distinguishes family entrepreneurship from family business, the former building on and expanding the latter. It highlights how the augmented view is useful to understand entrepreneurial behaviors of families, family members and family businesses because it triangulates family, entrepreneurship and family business. Consequently, the present state of the art provides a useful synthesis and perspectives of possible futures. The originality of this research relies in offering a snapshot integrating prior research at the genesis of the field and demonstrating how the field can fruitfully support future research and practice, in particular to address grand challenges and wicked problems.Family entrepreneurship: a perspective article
Kathleen Randerson
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

The author synthesizes research at the genesis of the field of family entrepreneurship, allowing to distinguish it from the field of family business. Indeed, family entrepreneurship is at the intersection of family, entrepreneurship and family business and is dedicated to the understanding of entrepreneurial behaviors of family, family members and family businesses. Here, the author emphasizes the importance of context as well as bidirectional relationships to grasp the multiplicity of behaviors and their antecedents and outcomes. The author offers an overview of possible futures: how family entrepreneurship can be instrumental in understanding and taking action in face of ecological, economic and societal issues.

The author synthesizes, critically assesses and integrates extant research, offering a state of the art of the field of family entrepreneurship accessible to a wide audience of readers.

The author reviews and integrates the literature that undergirds family entrepreneurship, flushing out its idiosyncratic value relative to family business. The author underscores how framing situations and issues with family entrepreneurship is a promising avenue to better understand and navigate pending ecological, economic and societal stakes.

This perspectives paper distinguishes family entrepreneurship from family business, the former building on and expanding the latter. It highlights how the augmented view is useful to understand entrepreneurial behaviors of families, family members and family businesses because it triangulates family, entrepreneurship and family business. Consequently, the present state of the art provides a useful synthesis and perspectives of possible futures. The originality of this research relies in offering a snapshot integrating prior research at the genesis of the field and demonstrating how the field can fruitfully support future research and practice, in particular to address grand challenges and wicked problems.

]]>
Family entrepreneurship: a perspective article10.1108/JFBM-07-2023-0109Journal of Family Business Management2023-09-01© 2023 Emerald Publishing LimitedKathleen RandersonJournal of Family Business Managementahead-of-printahead-of-print2023-09-0110.1108/JFBM-07-2023-0109https://www.emerald.com/insight/content/doi/10.1108/JFBM-07-2023-0109/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Emerald Publishing Limited
Formal advisors and succession process in family firmshttps://www.emerald.com/insight/content/doi/10.1108/JFBM-07-2023-0115/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThis study explores the roles of formal advisors (FAs) in the succession process of family firms and the factors that determine them. Data for this study were collected through interviews with 38 FAs, including lawyers, tax advisors, financial ad-visors and others. FAs play multiple roles simultaneously in succession processes (both internal and external), which the authors call role hybridity. Among them, the authors differentiated roles, such as educators, sherpas, initiators, experts, managers, consiglieres and protectors. Additionally, the authors demonstrated that the critical factors shaping these roles are trust, communication, human capital and willingness to take on the role. To explain the role hybridity phenomenon, the authors used stewardship theory's assumptions and formulated propositions for further research. This study provides insight into both internal and external succession processes from the perspective of various types of FAs. The authors indicate their roles and the factors that determine them.Formal advisors and succession process in family firms
Marta Wojtyra-Perlejewska, Izabela Koładkiewicz
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

This study explores the roles of formal advisors (FAs) in the succession process of family firms and the factors that determine them.

Data for this study were collected through interviews with 38 FAs, including lawyers, tax advisors, financial ad-visors and others.

FAs play multiple roles simultaneously in succession processes (both internal and external), which the authors call role hybridity. Among them, the authors differentiated roles, such as educators, sherpas, initiators, experts, managers, consiglieres and protectors. Additionally, the authors demonstrated that the critical factors shaping these roles are trust, communication, human capital and willingness to take on the role. To explain the role hybridity phenomenon, the authors used stewardship theory's assumptions and formulated propositions for further research.

This study provides insight into both internal and external succession processes from the perspective of various types of FAs. The authors indicate their roles and the factors that determine them.

]]>
Formal advisors and succession process in family firms10.1108/JFBM-07-2023-0115Journal of Family Business Management2023-10-09© 2023 Emerald Publishing LimitedMarta Wojtyra-PerlejewskaIzabela KoładkiewiczJournal of Family Business Managementahead-of-printahead-of-print2023-10-0910.1108/JFBM-07-2023-0115https://www.emerald.com/insight/content/doi/10.1108/JFBM-07-2023-0115/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Emerald Publishing Limited
Generation AI and family business: a perspective articlehttps://www.emerald.com/insight/content/doi/10.1108/JFBM-07-2023-0116/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThis perspective article responds to the emergence of artificial intelligence (AI) as a significant opportunity for growth among family businesses, highlighting the need for future research to attain a clear picture of the next generation of family business successors. This is a literature review of current technology adoption within family businesses. The authors offer some research insight to spur critical thinking and discourse around the impact of AI on family business successors. Family businesses are initially skeptical of AI technology. However, its use and adoption are crucial for the survival of the family business. To leverage this technology, the authors need to investigate the role of the family business successors as “Gen AI.” It is challenging but necessary to develop policies and educational support for successors to ensure the survival of family businesses worldwide. The authors propose four key areas of future research.Generation AI and family business: a perspective article
Finn Lannon, Roisin Lyons, Christina O'Connor
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

This perspective article responds to the emergence of artificial intelligence (AI) as a significant opportunity for growth among family businesses, highlighting the need for future research to attain a clear picture of the next generation of family business successors.

This is a literature review of current technology adoption within family businesses. The authors offer some research insight to spur critical thinking and discourse around the impact of AI on family business successors.

Family businesses are initially skeptical of AI technology. However, its use and adoption are crucial for the survival of the family business. To leverage this technology, the authors need to investigate the role of the family business successors as “Gen AI.”

It is challenging but necessary to develop policies and educational support for successors to ensure the survival of family businesses worldwide. The authors propose four key areas of future research.

]]>
Generation AI and family business: a perspective article10.1108/JFBM-07-2023-0116Journal of Family Business Management2023-09-12© 2023 Finn Lannon, Roisin Lyons and Christina O'ConnorFinn LannonRoisin LyonsChristina O'ConnorJournal of Family Business Managementahead-of-printahead-of-print2023-09-1210.1108/JFBM-07-2023-0116https://www.emerald.com/insight/content/doi/10.1108/JFBM-07-2023-0116/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Finn Lannon, Roisin Lyons and Christina O'Connorhttp://creativecommons.org/licences/by/4.0/legalcode
Women entrepreneurs in transport family business: a perspective articlehttps://www.emerald.com/insight/content/doi/10.1108/JFBM-08-2023-0121/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThis paper underscores the importance of conducting studies that examine the experiences of women transport entrepreneurs within the context of the intersectionality of patriarchal culture, the challenges posed by insufficient infrastructure on business operations and the dominance of the male-dominated transport industry. This paper is based on a concise literature review. The intersectionality of these factors significantly influences women's prospects, opportunities and barriers as they navigate the entrepreneurial realm within the transportation sector. Understanding these complexities is essential to devise targeted strategies and policies that foster gender equality, promote inclusive economic growth and empower women entrepreneurs in this vital industry. This paper synthesises existing research on family business, entrepreneurship and business operations in Africa. This article has the potential to empower women in family-owned transportation businesses, promoting gender diversity and inclusivity. It achieves this by highlighting and encouraging women's leadership, leveraging their unique strengths, and fostering education and mentorship. As a result, the research is expected to drive industry growth, enhance customer satisfaction, and cultivate a more collaborative work culture. This emerging research is anticipated to transform these businesses, enabling women to become progressive leaders, thereby ensuring sustained success and fostering innovation in the transportation sector.Women entrepreneurs in transport family business: a perspective article
Emmanuel Mogaji
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

This paper underscores the importance of conducting studies that examine the experiences of women transport entrepreneurs within the context of the intersectionality of patriarchal culture, the challenges posed by insufficient infrastructure on business operations and the dominance of the male-dominated transport industry.

This paper is based on a concise literature review.

The intersectionality of these factors significantly influences women's prospects, opportunities and barriers as they navigate the entrepreneurial realm within the transportation sector. Understanding these complexities is essential to devise targeted strategies and policies that foster gender equality, promote inclusive economic growth and empower women entrepreneurs in this vital industry.

This paper synthesises existing research on family business, entrepreneurship and business operations in Africa.

This article has the potential to empower women in family-owned transportation businesses, promoting gender diversity and inclusivity. It achieves this by highlighting and encouraging women's leadership, leveraging their unique strengths, and fostering education and mentorship. As a result, the research is expected to drive industry growth, enhance customer satisfaction, and cultivate a more collaborative work culture. This emerging research is anticipated to transform these businesses, enabling women to become progressive leaders, thereby ensuring sustained success and fostering innovation in the transportation sector.

]]>
Women entrepreneurs in transport family business: a perspective article10.1108/JFBM-08-2023-0121Journal of Family Business Management2023-08-22© 2023 Emerald Publishing LimitedEmmanuel MogajiJournal of Family Business Managementahead-of-printahead-of-print2023-08-2210.1108/JFBM-08-2023-0121https://www.emerald.com/insight/content/doi/10.1108/JFBM-08-2023-0121/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Emerald Publishing Limited
Scoping the links between acquisitive crime, criminal predation and family businesshttps://www.emerald.com/insight/content/doi/10.1108/JFBM-08-2023-0128/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThe stereotypes of the dodgy businessman and businessman gangster are established typologies in both the criminology and family business literature, but nevertheless, there is still an evident dearth of substantive studies on the topic. Family business scholars have begun to acknowledge the limited nature of such explorations of criminality in family firm businesses. The purpose of this article is therefore to review, synthesise and solidify existing research on this under-researched area of family business management. This perspective article explores and synthesises the links between acquisitive crime, criminal predation and family business to address an identifiable research gap in the literature of criminology, entrepreneurship and family business. It examines the overlap between criminal activities and business practices, shedding light on how individuals in the family business community may become involved in criminal activities due to various factors, including coercion, addiction and financial gain. This perspective highlights emerging research trends that have the potential to increase the knowledge about the “dark side” of family business. Being a perspective paper this brief exploration of the literature can only cover a small cross section of the literature. A conceptual model emerges, which illustrates shared aspects of crimino-entrepreneurial identity between authentic entrepreneurs and criminals. This perspective article scopes the extant literature covering the links between acquisitive crime, criminal predation and family business to help guide the direction of future research. The piece presents new perspectives on the intersection of acquisitive crime and family business, and its novelty lies in its synthesis of the disparate elements from the diverse literature to contribute to the said literature.Scoping the links between acquisitive crime, criminal predation and family business
Robert Smith
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

The stereotypes of the dodgy businessman and businessman gangster are established typologies in both the criminology and family business literature, but nevertheless, there is still an evident dearth of substantive studies on the topic. Family business scholars have begun to acknowledge the limited nature of such explorations of criminality in family firm businesses. The purpose of this article is therefore to review, synthesise and solidify existing research on this under-researched area of family business management.

This perspective article explores and synthesises the links between acquisitive crime, criminal predation and family business to address an identifiable research gap in the literature of criminology, entrepreneurship and family business. It examines the overlap between criminal activities and business practices, shedding light on how individuals in the family business community may become involved in criminal activities due to various factors, including coercion, addiction and financial gain.

This perspective highlights emerging research trends that have the potential to increase the knowledge about the “dark side” of family business.

Being a perspective paper this brief exploration of the literature can only cover a small cross section of the literature. A conceptual model emerges, which illustrates shared aspects of crimino-entrepreneurial identity between authentic entrepreneurs and criminals.

This perspective article scopes the extant literature covering the links between acquisitive crime, criminal predation and family business to help guide the direction of future research. The piece presents new perspectives on the intersection of acquisitive crime and family business, and its novelty lies in its synthesis of the disparate elements from the diverse literature to contribute to the said literature.

]]>
Scoping the links between acquisitive crime, criminal predation and family business10.1108/JFBM-08-2023-0128Journal of Family Business Management2023-09-18© 2023 Emerald Publishing LimitedRobert SmithJournal of Family Business Managementahead-of-printahead-of-print2023-09-1810.1108/JFBM-08-2023-0128https://www.emerald.com/insight/content/doi/10.1108/JFBM-08-2023-0128/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Emerald Publishing Limited
Relationship between different resource and capability configurations and competitiveness – comparative study of Hungarian family and nonfamily firmshttps://www.emerald.com/insight/content/doi/10.1108/JFBM-08-2023-0145/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThe purpose of this paper is to identify different types of resource and capability configurations among Hungarian family and nonfamily firms and explore which compositions can be considered competitive. In a rivalrous, dynamic world, understanding which sets of resources and capabilities lead to a higher level of competitiveness is vital. This paper is based on a quantitative competitiveness survey carried out between November 2018 and July 2019 in Hungary. The authors used the Firm Competitiveness Index (FCI) to measure competitiveness and the resource-based view (RBV) approach to understand which configurations of resources and capabilities are responsible for a higher level of competitiveness based on 32 variables. An exploratory factor and cluster analysis were conducted to analyze the ownership's effect on firm competitiveness. The final sample size contained 111 companies, of which 53 were identified as family and 58 as nonfamily firms. Factor analysis reveals five factors determining resources and capabilities: “operational,” “leadership,” “knowledge management,” “transformation” and “networking.” Based on these factors, the cluster analysis identified five groups in terms of types of family and nonfamily firms: “Lagging capabilities,” “Knowledge-based leadership,” “Innovativeness and transformation-oriented management,” “Relationship-oriented management” and “Business operation-oriented management.” Results show that nonfamily businesses focus on operational and leadership capabilities, reaching a higher FCI than family businesses, which are likely to invest more in their networking, transformation and knowledge management capabilities. By defining the different configurations family and nonfamily firms rely on to reach competitiveness, the paper applies an essential element to the Hungarian and Middle Eastern European contexts of family business research. The findings contribute to developing family business literature and point out specific resources and capabilities family firms should focus on to shift toward reaching a higher level of professionalization and competitiveness. The characterization of different types of competitiveness comparing family and nonfamily firms enables the firms to assess customized implications.Relationship between different resource and capability configurations and competitiveness – comparative study of Hungarian family and nonfamily firms
Zoltán Kárpáti, Adrienn Ferincz, Balázs Felsmann
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

The purpose of this paper is to identify different types of resource and capability configurations among Hungarian family and nonfamily firms and explore which compositions can be considered competitive. In a rivalrous, dynamic world, understanding which sets of resources and capabilities lead to a higher level of competitiveness is vital.

This paper is based on a quantitative competitiveness survey carried out between November 2018 and July 2019 in Hungary. The authors used the Firm Competitiveness Index (FCI) to measure competitiveness and the resource-based view (RBV) approach to understand which configurations of resources and capabilities are responsible for a higher level of competitiveness based on 32 variables. An exploratory factor and cluster analysis were conducted to analyze the ownership's effect on firm competitiveness. The final sample size contained 111 companies, of which 53 were identified as family and 58 as nonfamily firms.

Factor analysis reveals five factors determining resources and capabilities: “operational,” “leadership,” “knowledge management,” “transformation” and “networking.” Based on these factors, the cluster analysis identified five groups in terms of types of family and nonfamily firms: “Lagging capabilities,” “Knowledge-based leadership,” “Innovativeness and transformation-oriented management,” “Relationship-oriented management” and “Business operation-oriented management.” Results show that nonfamily businesses focus on operational and leadership capabilities, reaching a higher FCI than family businesses, which are likely to invest more in their networking, transformation and knowledge management capabilities.

By defining the different configurations family and nonfamily firms rely on to reach competitiveness, the paper applies an essential element to the Hungarian and Middle Eastern European contexts of family business research. The findings contribute to developing family business literature and point out specific resources and capabilities family firms should focus on to shift toward reaching a higher level of professionalization and competitiveness. The characterization of different types of competitiveness comparing family and nonfamily firms enables the firms to assess customized implications.

]]>
Relationship between different resource and capability configurations and competitiveness – comparative study of Hungarian family and nonfamily firms10.1108/JFBM-08-2023-0145Journal of Family Business Management2023-11-07© 2023 Emerald Publishing LimitedZoltán KárpátiAdrienn FerinczBalázs FelsmannJournal of Family Business Managementahead-of-printahead-of-print2023-11-0710.1108/JFBM-08-2023-0145https://www.emerald.com/insight/content/doi/10.1108/JFBM-08-2023-0145/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Emerald Publishing Limited
Family business succession: opportunities from the Victorian wine industryhttps://www.emerald.com/insight/content/doi/10.1108/JFBM-08-2023-0147/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThis paper aims to examine the opportunities of continuous family succession in operating small-to-medium-sized wineries (SMWs) in Victoria, Australia. Using case studies from Victoria, an exploratory qualitative approach was used to explore the benefits of continuous family succession in this conceptual paper. This included interviewing participants from wineries about their perceptions about family business succession. Themed analysis was applied to highlight the findings and overall conclusions about why the wine industry was affected more than other industries with regard to family business succession issues. The three main findings of this study include family succession is extremely important in building a story customers can relate to; family reinvestment opportunities for financial sustainability and innovation of the winery and family succession for future employment and legacy. These three findings highlight the way family business succession is integral to the successfulness of the wine industry. Small-to-medium-sized wineries (SMWs) have many challenges including long-term financial sustainability and innovation opportunities. To assist in overcoming these challenges, the findings suggest winery owners need to create lasting legacy through story-telling, competitive advantage and family linkage (succession). This will assist wineries to create marketing campaigns focussing on family succession and brand attachment, seven opportunities for family reinvestment and innovation leading to financial sustainability and competitive advantage. There is little research investigating family succession in the Victorian wine industry even though it is common practice and essential to marketing and communication campaigns. This paper supports continuous family succession as a legitimate marketing technique and long-term financial sustainability and innovation for small-to-medium-sized wineries (SMWs) through reinvestment opportunities. This is the first time small-to-medium-sized wineries have been defined as SMWs and reinvestment opportunities have been identified by wine stakeholders.Family business succession: opportunities from the Victorian wine industry
Paul Strickland, Vanessa Ratten
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

This paper aims to examine the opportunities of continuous family succession in operating small-to-medium-sized wineries (SMWs) in Victoria, Australia.

Using case studies from Victoria, an exploratory qualitative approach was used to explore the benefits of continuous family succession in this conceptual paper. This included interviewing participants from wineries about their perceptions about family business succession. Themed analysis was applied to highlight the findings and overall conclusions about why the wine industry was affected more than other industries with regard to family business succession issues.

The three main findings of this study include family succession is extremely important in building a story customers can relate to; family reinvestment opportunities for financial sustainability and innovation of the winery and family succession for future employment and legacy. These three findings highlight the way family business succession is integral to the successfulness of the wine industry.

Small-to-medium-sized wineries (SMWs) have many challenges including long-term financial sustainability and innovation opportunities. To assist in overcoming these challenges, the findings suggest winery owners need to create lasting legacy through story-telling, competitive advantage and family linkage (succession). This will assist wineries to create marketing campaigns focussing on family succession and brand attachment, seven opportunities for family reinvestment and innovation leading to financial sustainability and competitive advantage.

There is little research investigating family succession in the Victorian wine industry even though it is common practice and essential to marketing and communication campaigns. This paper supports continuous family succession as a legitimate marketing technique and long-term financial sustainability and innovation for small-to-medium-sized wineries (SMWs) through reinvestment opportunities. This is the first time small-to-medium-sized wineries have been defined as SMWs and reinvestment opportunities have been identified by wine stakeholders.

]]>
Family business succession: opportunities from the Victorian wine industry10.1108/JFBM-08-2023-0147Journal of Family Business Management2023-10-03© 2023 Emerald Publishing LimitedPaul StricklandVanessa RattenJournal of Family Business Managementahead-of-printahead-of-print2023-10-0310.1108/JFBM-08-2023-0147https://www.emerald.com/insight/content/doi/10.1108/JFBM-08-2023-0147/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Emerald Publishing Limited
Family entrepreneurial resilience – an intergenerational learning approachhttps://www.emerald.com/insight/content/doi/10.1108/JFBM-09-2018-0037/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThe purpose of this paper is to explore leadership succession in families in business. Although there is a vast amount of research on leadership succession, no attempt has been made to understand this phenomenon by using an intergenerational learning approach. By applying the Double ABC–X model, the authors discuss how resilience is developed through intergenerational learning during family leadership succession in business. Based on a single case, the authors define pre- and post-event parameters of the business family under study and use the Double ABC–X Model as an analytical framework. Individual and pair interviews, as well as a family firm workshop, were undertaken following an action research approach using multiple interventions. The qualitative data were collected by reflective journals, field notes and observation protocols. Finally, the authors analyze the data according to a circular deconstruction strategy. The authors find specific pre-event stressor parameters related to mutual mistrust, independent decision making and non-strategic transmission of power, knowledge and responsibility from predecessor to successor. The intervention based on the intergenerational approach during the post-crisis phase focuses on problem solving and coping within the new situation of co-habitation among the two generations. The intergenerational learning approach based on pile-up of demands, adaptive resources and perception is the source of family adaptation. Additionally, the power of the narrative to reflect past events and project the future seems to the point where the family starts developing resilience. The way family businesses deal with critical and stressful events during leadership succession may lead to intergenerational learning, which is a source of resilient families. The authors apply the Double ABC–X model to understand family leadership succession in business and further develop it to explain how families develop resilience.Family entrepreneurial resilience – an intergenerational learning approach
Anita Zehrer, Gabriela Leiß
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

The purpose of this paper is to explore leadership succession in families in business. Although there is a vast amount of research on leadership succession, no attempt has been made to understand this phenomenon by using an intergenerational learning approach. By applying the Double ABC–X model, the authors discuss how resilience is developed through intergenerational learning during family leadership succession in business.

Based on a single case, the authors define pre- and post-event parameters of the business family under study and use the Double ABC–X Model as an analytical framework. Individual and pair interviews, as well as a family firm workshop, were undertaken following an action research approach using multiple interventions. The qualitative data were collected by reflective journals, field notes and observation protocols. Finally, the authors analyze the data according to a circular deconstruction strategy.

The authors find specific pre-event stressor parameters related to mutual mistrust, independent decision making and non-strategic transmission of power, knowledge and responsibility from predecessor to successor. The intervention based on the intergenerational approach during the post-crisis phase focuses on problem solving and coping within the new situation of co-habitation among the two generations. The intergenerational learning approach based on pile-up of demands, adaptive resources and perception is the source of family adaptation. Additionally, the power of the narrative to reflect past events and project the future seems to the point where the family starts developing resilience.

The way family businesses deal with critical and stressful events during leadership succession may lead to intergenerational learning, which is a source of resilient families. The authors apply the Double ABC–X model to understand family leadership succession in business and further develop it to explain how families develop resilience.

]]>
Family entrepreneurial resilience – an intergenerational learning approach10.1108/JFBM-09-2018-0037Journal of Family Business Management2019-09-13© 2019 Anita Zehrer and Gabriela LeißAnita ZehrerGabriela LeißJournal of Family Business Managementahead-of-printahead-of-print2019-09-1310.1108/JFBM-09-2018-0037https://www.emerald.com/insight/content/doi/10.1108/JFBM-09-2018-0037/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2019 Anita Zehrer and Gabriela Leißhttp://creativecommons.org/licences/by/4.0/legalcode
Family equity as a transgenerational mechanism for entrepreneurial familieshttps://www.emerald.com/insight/content/doi/10.1108/JFBM-09-2018-0043/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThe purpose of this paper is to investigate the process of family equity creation and its role for transgenerational entrepreneurship. This paper combines a systematic literature review on family equity with conceptual theory building, resulting in a model of family equity creation. The proposed model contains three phases of equity creation that ulitmately leads to transgenerational entrepreneurship: harvesting, institutionalization (via a single family office) and reinvestment. This paper conceptually introduces the family equity creation model, which may serve as integrative framework for future research on transgenerational value creation by entrepreneurial families. The presented findings are of relevance for family entrepreneurship scholars, entrepreneurial families, as well as for practitioners.Family equity as a transgenerational mechanism for entrepreneurial families
Philipp Bierl, Nadine H. Kammerlander
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

The purpose of this paper is to investigate the process of family equity creation and its role for transgenerational entrepreneurship.

This paper combines a systematic literature review on family equity with conceptual theory building, resulting in a model of family equity creation.

The proposed model contains three phases of equity creation that ulitmately leads to transgenerational entrepreneurship: harvesting, institutionalization (via a single family office) and reinvestment.

This paper conceptually introduces the family equity creation model, which may serve as integrative framework for future research on transgenerational value creation by entrepreneurial families. The presented findings are of relevance for family entrepreneurship scholars, entrepreneurial families, as well as for practitioners.

]]>
Family equity as a transgenerational mechanism for entrepreneurial families10.1108/JFBM-09-2018-0043Journal of Family Business Management2019-06-17© 2019 Emerald Publishing LimitedPhilipp BierlNadine H. KammerlanderJournal of Family Business Managementahead-of-printahead-of-print2019-06-1710.1108/JFBM-09-2018-0043https://www.emerald.com/insight/content/doi/10.1108/JFBM-09-2018-0043/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2019 Emerald Publishing Limited
No hard feelings? Non-succeeding siblings and their perceptions of justice in family firmshttps://www.emerald.com/insight/content/doi/10.1108/JFBM-09-2018-0048/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestFamily farms, in which business and family life are intricately interwoven, offer an interesting context for better understanding the interdependence between the family and business system. Many family farms struggle to survive, and the succession process is a key period in which the low returns on investment become evident but also the emotional attachment of the family to the farm and the willingness to transfer the business to the next generation. We take the perspective of non-succeeding siblings since they are crucial for a successful succession but their role and position in this process is far from clear. This study will help to increase our knowledge of how fairness is perceived by non-successors and of the impact of perceived (in)justice on the family business system. To analyze the effect on sibling relationships of an unequal outcome of the succession process, we choose the family farm context. We used interview data from multiple family members from several family farms in the Netherlands in different stages of succession. We utilized a framework based on justice theory to analyze perceptions of fairness among non-succeeding siblings. The central research question for this study is as follows: How do non-succeeding siblings perceive justice with regard to family firm succession? The acceptance of the outcomes of the succession process by non-succeeding siblings is influenced by their perception of the fairness of the process itself and decisions made by the incumbent and successor with regard to these outcomes. It seems that stakeholders who occupy multiple roles with conflicting justice perspectives handle these contradictions with the help of an overarching goal—in this study, preserving the continuity of the family farm—and by prioritizing and adjusting the justice perspectives accordingly. The findings further show that both distributive justice and procedural justice are important and interact with each other. Our study contributes to the literature by applying the theoretical framework of distributive and procedural justice to the context of family farm succession. This helps us to understand the position of non-succeeding siblings and their role and position in the succession process, which is important because sibling relationships have a significant impact on family harmony, with potential consequences for the business as well.No hard feelings? Non-succeeding siblings and their perceptions of justice in family firms
Ilse Matser, Jelle Bouma, Erik Veldhuizen
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

Family farms, in which business and family life are intricately interwoven, offer an interesting context for better understanding the interdependence between the family and business system. Many family farms struggle to survive, and the succession process is a key period in which the low returns on investment become evident but also the emotional attachment of the family to the farm and the willingness to transfer the business to the next generation. We take the perspective of non-succeeding siblings since they are crucial for a successful succession but their role and position in this process is far from clear. This study will help to increase our knowledge of how fairness is perceived by non-successors and of the impact of perceived (in)justice on the family business system.

To analyze the effect on sibling relationships of an unequal outcome of the succession process, we choose the family farm context. We used interview data from multiple family members from several family farms in the Netherlands in different stages of succession. We utilized a framework based on justice theory to analyze perceptions of fairness among non-succeeding siblings. The central research question for this study is as follows: How do non-succeeding siblings perceive justice with regard to family firm succession?

The acceptance of the outcomes of the succession process by non-succeeding siblings is influenced by their perception of the fairness of the process itself and decisions made by the incumbent and successor with regard to these outcomes. It seems that stakeholders who occupy multiple roles with conflicting justice perspectives handle these contradictions with the help of an overarching goal—in this study, preserving the continuity of the family farm—and by prioritizing and adjusting the justice perspectives accordingly. The findings further show that both distributive justice and procedural justice are important and interact with each other.

Our study contributes to the literature by applying the theoretical framework of distributive and procedural justice to the context of family farm succession. This helps us to understand the position of non-succeeding siblings and their role and position in the succession process, which is important because sibling relationships have a significant impact on family harmony, with potential consequences for the business as well.

]]>
No hard feelings? Non-succeeding siblings and their perceptions of justice in family firms10.1108/JFBM-09-2018-0048Journal of Family Business Management2020-06-22© 2020 Ilse Matser, Jelle Bouma and Erik Veldhuizen. Published by Emerald Publishing Limited. This article is published under the Creative Commons Attribution (CC BY 4.0) licence. Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non-commercial purposes), subject to full attribution to the original publication and authorsIlse MatserJelle BoumaErik VeldhuizenJournal of Family Business Managementahead-of-printahead-of-print2020-06-2210.1108/JFBM-09-2018-0048https://www.emerald.com/insight/content/doi/10.1108/JFBM-09-2018-0048/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2020 Ilse Matser, Jelle Bouma and Erik Veldhuizen. Published by Emerald Publishing Limited. This article is published under the Creative Commons Attribution (CC BY 4.0) licence. Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non-commercial purposes), subject to full attribution to the original publication and authorshttp://creativecommons.org/licences/by/4.0/legalcode
Ethnic fashion designers, entrepreneurs and family businesses: an African marketing perspectivehttps://www.emerald.com/insight/content/doi/10.1108/JFBM-09-2023-0156/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThe purpose of the perspective article is to review relevant literature on family business and ethnic fashion and establish links across identity (defined as culture, tradition, heritage and status) and fashion (color, design, pattern and fabric/texture) and internationalization (foreign market entry), and develop a conceptual model using the identity theory and qualitative method. This is a qualitative study by design. We used a systematic research and ethnographic method for this study. Specifically, the author used the participant observation aspect of ethnography to collect information and images relating to ethnic fashion. Ethnography is a well-established methodology widely used in social sciences research, including fashion. The study's conceptual model proposes that (1) ethnic fashion mediates the identity-internationalization relationship, (2) knowledge transfer moderates the identity-ethnic fashion relationship and (3) family business size moderates the ethnic fashion-internationalization relationship. It is also revealed that a person's status can be judged by their dress and fashion in under two minutes. This study is limited to the African continent, though it has 54 countries with a current population of about 1.5 billion people, which is expected to be roughly 2.5 billion by 2050. Implications of the study for the entrepreneurs and family businesses are that they should realize the opportunities presented by ethnic African fashion and tap into the most crucial key to success—local design, color, fabric and patterns associated with meaning and messages. Cross-cultural collaborations and digital innovations can help the internationalization of African fashion while preserving local heritage and identity. Another implication is that quality and consistency in branding are equally essential to be on par with intentional luxury brands. The social implication of the study is that culture and fashion are correlated and influence designers' creations, reflecting and conveying identity, status and societal values. Fashion allows people to express their identity, individuality and values. The proper fashion and outfit can boost mood, self-esteem and confidence, resulting in healthy social interaction and mental health. Fashion can also raise social issues (e.g. inclusiveness, diversity and gender by featuring various models and designs) and environmental issues (e.g. sustainable practices local and ethical production). The paper synthesizes ethnic fashion in the context of family businesses in Africa, highlights specific examples of ethnic fashion of African people with the potential for internationalization and proposes future fashion perspectives for family businesses. It adds value in that it focuses on fashion family businesses in the African continent.Ethnic fashion designers, entrepreneurs and family businesses: an African marketing perspective
Satyendra Singh
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

The purpose of the perspective article is to review relevant literature on family business and ethnic fashion and establish links across identity (defined as culture, tradition, heritage and status) and fashion (color, design, pattern and fabric/texture) and internationalization (foreign market entry), and develop a conceptual model using the identity theory and qualitative method.

This is a qualitative study by design. We used a systematic research and ethnographic method for this study. Specifically, the author used the participant observation aspect of ethnography to collect information and images relating to ethnic fashion. Ethnography is a well-established methodology widely used in social sciences research, including fashion.

The study's conceptual model proposes that (1) ethnic fashion mediates the identity-internationalization relationship, (2) knowledge transfer moderates the identity-ethnic fashion relationship and (3) family business size moderates the ethnic fashion-internationalization relationship. It is also revealed that a person's status can be judged by their dress and fashion in under two minutes.

This study is limited to the African continent, though it has 54 countries with a current population of about 1.5 billion people, which is expected to be roughly 2.5 billion by 2050.

Implications of the study for the entrepreneurs and family businesses are that they should realize the opportunities presented by ethnic African fashion and tap into the most crucial key to success—local design, color, fabric and patterns associated with meaning and messages. Cross-cultural collaborations and digital innovations can help the internationalization of African fashion while preserving local heritage and identity. Another implication is that quality and consistency in branding are equally essential to be on par with intentional luxury brands.

The social implication of the study is that culture and fashion are correlated and influence designers' creations, reflecting and conveying identity, status and societal values. Fashion allows people to express their identity, individuality and values. The proper fashion and outfit can boost mood, self-esteem and confidence, resulting in healthy social interaction and mental health. Fashion can also raise social issues (e.g. inclusiveness, diversity and gender by featuring various models and designs) and environmental issues (e.g. sustainable practices local and ethical production).

The paper synthesizes ethnic fashion in the context of family businesses in Africa, highlights specific examples of ethnic fashion of African people with the potential for internationalization and proposes future fashion perspectives for family businesses. It adds value in that it focuses on fashion family businesses in the African continent.

]]>
Ethnic fashion designers, entrepreneurs and family businesses: an African marketing perspective10.1108/JFBM-09-2023-0156Journal of Family Business Management2023-10-05© 2023 Emerald Publishing LimitedSatyendra SinghJournal of Family Business Managementahead-of-printahead-of-print2023-10-0510.1108/JFBM-09-2023-0156https://www.emerald.com/insight/content/doi/10.1108/JFBM-09-2023-0156/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Emerald Publishing Limited
Navigating towards hyperautomation and the empowerment of human capital in family businesses: a perspective articlehttps://www.emerald.com/insight/content/doi/10.1108/JFBM-09-2023-0157/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThis paper aims to explore the past and future impacts of automation on family businesses, with a focus on the opportunities for human capital empowerment. This paper draws upon a contemporary literature search to examine a range of scholarly and practitioner perspectives of the challenges and benefits of automation, exploring the evolvement towards hyperautomation and the empowerment of human capital in family businesses. Automation, transforming to hyperautomation, general purpose artificial intelligence (AI) and beyond has the possibility of radically improving productivity. Fear of job obsolescence has been present since the birth of modern automation, and whilst some jobs are at risk of redundancy, a net gain towards higher-skilled labour is already evident. Family business leaders must be prepared to react appropriately to the accelerating war for talent by implementing a strategy for human capital empowerment. This unique paper synthesises developments in automation and proposes a future perspective centred upon the empowerment of human capital in family businesses.Navigating towards hyperautomation and the empowerment of human capital in family businesses: a perspective article
Andrew Birkbeck, Lisa Rowe
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

This paper aims to explore the past and future impacts of automation on family businesses, with a focus on the opportunities for human capital empowerment.

This paper draws upon a contemporary literature search to examine a range of scholarly and practitioner perspectives of the challenges and benefits of automation, exploring the evolvement towards hyperautomation and the empowerment of human capital in family businesses.

Automation, transforming to hyperautomation, general purpose artificial intelligence (AI) and beyond has the possibility of radically improving productivity. Fear of job obsolescence has been present since the birth of modern automation, and whilst some jobs are at risk of redundancy, a net gain towards higher-skilled labour is already evident. Family business leaders must be prepared to react appropriately to the accelerating war for talent by implementing a strategy for human capital empowerment.

This unique paper synthesises developments in automation and proposes a future perspective centred upon the empowerment of human capital in family businesses.

]]>
Navigating towards hyperautomation and the empowerment of human capital in family businesses: a perspective article10.1108/JFBM-09-2023-0157Journal of Family Business Management2023-10-13© 2023 Emerald Publishing LimitedAndrew BirkbeckLisa RoweJournal of Family Business Managementahead-of-printahead-of-print2023-10-1310.1108/JFBM-09-2023-0157https://www.emerald.com/insight/content/doi/10.1108/JFBM-09-2023-0157/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Emerald Publishing Limited
Revolutionizing family businesses with artificial intelligence: a perspective articlehttps://www.emerald.com/insight/content/doi/10.1108/JFBM-09-2023-0158/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThis perspective article addresses the essential need to comprehend what artificial intelligence (AI) entails and how it can revolutionize the family business sector. This article presents a literature review and the authors' perspectives to unravel the potential benefits of AI in family businesses. It is crucial to understand what AI is and its various types before the authors can discern which AI tools can be beneficial or tailored to family businesses. A promising area for future research is the use of Theory of Mind AI, which can help minimize conflicts of interest among family business members and assist in clear decision-making and succession planning. However, integrating AI brings about ethical implications, such as data privacy concerns, the need for transparency in AI decision-making and the necessity to ensure fair AI practices. These are all critical issues that the future research will need to tackle. This article emphasizes the potential of AI to be customized and incorporated to tackle the distinct dynamics, obstacles and opportunities prevalent in family-owned businesses. It also proposes future research areas that could enhance the application of AI in such enterprises.Revolutionizing family businesses with artificial intelligence: a perspective article
Sukanlaya Sawang, Robbert Anton Kivits
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

This perspective article addresses the essential need to comprehend what artificial intelligence (AI) entails and how it can revolutionize the family business sector.

This article presents a literature review and the authors' perspectives to unravel the potential benefits of AI in family businesses.

It is crucial to understand what AI is and its various types before the authors can discern which AI tools can be beneficial or tailored to family businesses. A promising area for future research is the use of Theory of Mind AI, which can help minimize conflicts of interest among family business members and assist in clear decision-making and succession planning. However, integrating AI brings about ethical implications, such as data privacy concerns, the need for transparency in AI decision-making and the necessity to ensure fair AI practices. These are all critical issues that the future research will need to tackle.

This article emphasizes the potential of AI to be customized and incorporated to tackle the distinct dynamics, obstacles and opportunities prevalent in family-owned businesses. It also proposes future research areas that could enhance the application of AI in such enterprises.

]]>
Revolutionizing family businesses with artificial intelligence: a perspective article10.1108/JFBM-09-2023-0158Journal of Family Business Management2023-11-07© 2023 Emerald Publishing LimitedSukanlaya SawangRobbert Anton KivitsJournal of Family Business Managementahead-of-printahead-of-print2023-11-0710.1108/JFBM-09-2023-0158https://www.emerald.com/insight/content/doi/10.1108/JFBM-09-2023-0158/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Emerald Publishing Limited
Drivers of knowledge transfer for succession in family business: a perspective articlehttps://www.emerald.com/insight/content/doi/10.1108/JFBM-09-2023-0159/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThis study aims to identify various factors that have driven the knowledge transfer process for succession purposes in family business since the 1920s and discuss their implications for advancing effective succession planning in this business sector for the next 100 years. The paper reviews and synthesizes current research on knowledge transfer drivers in family business from 1923 to 2023 and draws out future perspectives on what will influence the knowledge-transferring process in the next 100 years. Trust, organizational culture and environmental factors such as the need to create competitive advantages, technological advancement and new sources of knowledge have been identified as the most prominent drivers of knowledge transfer for effective succession in family business throughout the 1920–2020s. In the future, the ability to create value, the internationalization process and business innovations will play an essential role in knowledge-sharing among family and non-family members during succession. The paper provides a review of past development and a future perspective on factors enhancing the effectiveness of knowledge transfer for succession in family firms.Drivers of knowledge transfer for succession in family business: a perspective article
Thanh-Thao Luong, Cat-My Dang, Que Nguyet Tran
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

This study aims to identify various factors that have driven the knowledge transfer process for succession purposes in family business since the 1920s and discuss their implications for advancing effective succession planning in this business sector for the next 100 years.

The paper reviews and synthesizes current research on knowledge transfer drivers in family business from 1923 to 2023 and draws out future perspectives on what will influence the knowledge-transferring process in the next 100 years.

Trust, organizational culture and environmental factors such as the need to create competitive advantages, technological advancement and new sources of knowledge have been identified as the most prominent drivers of knowledge transfer for effective succession in family business throughout the 1920–2020s. In the future, the ability to create value, the internationalization process and business innovations will play an essential role in knowledge-sharing among family and non-family members during succession.

The paper provides a review of past development and a future perspective on factors enhancing the effectiveness of knowledge transfer for succession in family firms.

]]>
Drivers of knowledge transfer for succession in family business: a perspective article10.1108/JFBM-09-2023-0159Journal of Family Business Management2023-11-09© 2023 Emerald Publishing LimitedThanh-Thao LuongCat-My DangQue Nguyet TranJournal of Family Business Managementahead-of-printahead-of-print2023-11-0910.1108/JFBM-09-2023-0159https://www.emerald.com/insight/content/doi/10.1108/JFBM-09-2023-0159/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Emerald Publishing Limited
Learning from family business researchershttps://www.emerald.com/insight/content/doi/10.1108/JFBM-09-2023-0162/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThis article provides commentary from well-known family business researchers on what they have learnt about the family business field and tips for the future. Well-known family business management researchers were contacted in order to provide their feedback on the field of family business management. Their responses were then curated into an article that can help others learn from their advice. The family business management researchers provided suggestions on how to succeed in the field of family business management and advice for current and future researchers. Thereby helping to advance the field and provide new novel research ideas that can help science as well as practice. This article is amongst the first to provide verbatim advice from the leading family business management scholars. Thus, providing original and innovative ideas about what is needed in the field of family business management.Learning from family business researchers
Vanessa Ratten, James J. Chrisman, Michael Mustafa, Salvatore Sciascia, Claire Seaman, Allan Discua Cruz, Feranita Feranita
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

This article provides commentary from well-known family business researchers on what they have learnt about the family business field and tips for the future.

Well-known family business management researchers were contacted in order to provide their feedback on the field of family business management. Their responses were then curated into an article that can help others learn from their advice.

The family business management researchers provided suggestions on how to succeed in the field of family business management and advice for current and future researchers. Thereby helping to advance the field and provide new novel research ideas that can help science as well as practice.

This article is amongst the first to provide verbatim advice from the leading family business management scholars. Thus, providing original and innovative ideas about what is needed in the field of family business management.

]]>
Learning from family business researchers10.1108/JFBM-09-2023-0162Journal of Family Business Management2023-10-23© 2023 Emerald Publishing LimitedVanessa Ratten James J. ChrismanMichael MustafaSalvatore SciasciaClaire SeamanAllan Discua CruzFeranita FeranitaJournal of Family Business Managementahead-of-printahead-of-print2023-10-2310.1108/JFBM-09-2023-0162https://www.emerald.com/insight/content/doi/10.1108/JFBM-09-2023-0162/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Emerald Publishing Limited
Post-entry decisions in international entrepreneurship and family business: a perspective articlehttps://www.emerald.com/insight/content/doi/10.1108/JFBM-09-2023-0163/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThis perspective article aims to provide an overview of the interplay between international entrepreneurship and the dynamics of family businesses, with a particular focus on post-entry decisions. This paper is based on a short literature review. The convergence of international entrepreneurship and family businesses presents a compelling area of study, where post-entry decisions serve as a critical yet underexplored facet. Post-entry decisions in international entrepreneurship for family-owned businesses encompass responses to international crises and shocks and strategies for de-internationalization, restructuring or market exit. This article synthesizes existing research, highlighting the importance of studying post-entry decisions in the realm of international family businesses. It encourages scholars and practitioners to delve into the unique challenges faced by these firms, ultimately enriching the understanding of international entrepreneurship within the family business context and providing valuable insights for both theory and practice.Post-entry decisions in international entrepreneurship and family business: a perspective article
Eduardo Terán-Yépez
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

This perspective article aims to provide an overview of the interplay between international entrepreneurship and the dynamics of family businesses, with a particular focus on post-entry decisions.

This paper is based on a short literature review.

The convergence of international entrepreneurship and family businesses presents a compelling area of study, where post-entry decisions serve as a critical yet underexplored facet. Post-entry decisions in international entrepreneurship for family-owned businesses encompass responses to international crises and shocks and strategies for de-internationalization, restructuring or market exit.

This article synthesizes existing research, highlighting the importance of studying post-entry decisions in the realm of international family businesses. It encourages scholars and practitioners to delve into the unique challenges faced by these firms, ultimately enriching the understanding of international entrepreneurship within the family business context and providing valuable insights for both theory and practice.

]]>
Post-entry decisions in international entrepreneurship and family business: a perspective article10.1108/JFBM-09-2023-0163Journal of Family Business Management2023-11-07© 2023 Emerald Publishing LimitedEduardo Terán-YépezJournal of Family Business Managementahead-of-printahead-of-print2023-11-0710.1108/JFBM-09-2023-0163https://www.emerald.com/insight/content/doi/10.1108/JFBM-09-2023-0163/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Emerald Publishing Limited
Family business in the Arabian Gulf regionhttps://www.emerald.com/insight/content/doi/10.1108/JFBM-09-2023-0164/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThe purpose of the paper is to provide some insights into the importance of family business in the transition of the Gulf Cooperation Council (GCC) region into a diversified, modern economic region. This is a viewpoint paper, bringing together recent relevant academic and industry literature combined with the authors' observations of emerging regional trends. The authors find that family businesses have been an anchor of private sector economic development in the GCC. Family businesses across the region reflect both the challenges and opportunity of the context. Recent social and economic changes present challenges to the historical ways of operation, and yet they also present opportunities. This paper is intended to be thought provoking and insightful for those in the region and those with an interest in the region. The unique social, historical and economic characteristics of the region are discussed along with their impact on family businesses.Family business in the Arabian Gulf region
John Rice, Muhammad Mustafa Raziq, Anestis Fotiadis
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

The purpose of the paper is to provide some insights into the importance of family business in the transition of the Gulf Cooperation Council (GCC) region into a diversified, modern economic region.

This is a viewpoint paper, bringing together recent relevant academic and industry literature combined with the authors' observations of emerging regional trends.

The authors find that family businesses have been an anchor of private sector economic development in the GCC. Family businesses across the region reflect both the challenges and opportunity of the context. Recent social and economic changes present challenges to the historical ways of operation, and yet they also present opportunities.

This paper is intended to be thought provoking and insightful for those in the region and those with an interest in the region. The unique social, historical and economic characteristics of the region are discussed along with their impact on family businesses.

]]>
Family business in the Arabian Gulf region10.1108/JFBM-09-2023-0164Journal of Family Business Management2023-10-30© 2023 Emerald Publishing LimitedJohn RiceMuhammad Mustafa RaziqAnestis FotiadisJournal of Family Business Managementahead-of-printahead-of-print2023-10-3010.1108/JFBM-09-2023-0164https://www.emerald.com/insight/content/doi/10.1108/JFBM-09-2023-0164/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Emerald Publishing Limited
Importance of traditions and family business at Christmas: a quantitative analysis of practices and values in Portugalhttps://www.emerald.com/insight/content/doi/10.1108/JFBM-09-2023-0170/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestChristmas is the most consumed event of the year, always full of traditions, namely family ones, which are very significant. In this way, it is intended to find out the importance of traditions at Christmas time and analyze their implications for family businesses. The study is quantitative in nature, based on a questionnaire survey carried out with 551 Portuguese individuals, over 18 years of age, where different issues related to Christmas traditions and family are addressed. The results demonstrate that the Christmas traditions scale is made up of four factors: family traditions on Christmas Eve, aspects related to the Christmas spirit, changes in Christmas traditions with the COVID-19 pandemic and traditions of participating in events with family at Christmas. Cod and octopus dishes are the most popular dishes on Christmas Eve. In relation to sweets/desserts, king cake, rabanadas, vermicelli, children's bread and sponge cake are the most common on Christmas Eve. The study helps to understand Portuguese Christmas traditions, providing knowledge that allows defining strategies for family businesses, improving the experience and relationship with consumers at a special time of year. It is hoped that the trends in Christmas traditions in this study will contribute to unveiling the Christmas spirit, also serve as a marketing image and create curiosity and motivation on the part of other cultures to visit Portugal during this festive season, in order to experience Christmas traditions.Importance of traditions and family business at Christmas: a quantitative analysis of practices and values in Portugal
Eulália Santos, Fernando Oliveira Tavares, Margarida Freitas Foliveira
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

Christmas is the most consumed event of the year, always full of traditions, namely family ones, which are very significant. In this way, it is intended to find out the importance of traditions at Christmas time and analyze their implications for family businesses.

The study is quantitative in nature, based on a questionnaire survey carried out with 551 Portuguese individuals, over 18 years of age, where different issues related to Christmas traditions and family are addressed.

The results demonstrate that the Christmas traditions scale is made up of four factors: family traditions on Christmas Eve, aspects related to the Christmas spirit, changes in Christmas traditions with the COVID-19 pandemic and traditions of participating in events with family at Christmas. Cod and octopus dishes are the most popular dishes on Christmas Eve. In relation to sweets/desserts, king cake, rabanadas, vermicelli, children's bread and sponge cake are the most common on Christmas Eve.

The study helps to understand Portuguese Christmas traditions, providing knowledge that allows defining strategies for family businesses, improving the experience and relationship with consumers at a special time of year. It is hoped that the trends in Christmas traditions in this study will contribute to unveiling the Christmas spirit, also serve as a marketing image and create curiosity and motivation on the part of other cultures to visit Portugal during this festive season, in order to experience Christmas traditions.

]]>
Importance of traditions and family business at Christmas: a quantitative analysis of practices and values in Portugal10.1108/JFBM-09-2023-0170Journal of Family Business Management2023-12-05© 2023 Emerald Publishing LimitedEulália SantosFernando Oliveira TavaresMargarida Freitas FoliveiraJournal of Family Business Managementahead-of-printahead-of-print2023-12-0510.1108/JFBM-09-2023-0170https://www.emerald.com/insight/content/doi/10.1108/JFBM-09-2023-0170/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Emerald Publishing Limited
Factors affecting high-quality entrepreneurial performance in small- and medium-sized family firmshttps://www.emerald.com/insight/content/doi/10.1108/JFBM-09-2023-0171/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThe purpose of this paper is to measure the high-quality entrepreneurial efficiency of family-owned small- and medium-sized enterprises (SMEs) while exploring the potential determinants of their performance. This study places particular emphasis on the firms' technological competencies and internationalization efforts. The authors aim to shed light on the internal and external characteristics that impact the efficiency of family SMEs. This study adopts a two-stage approach. In the first stage, a data envelopment analysis model is utilized to measure the high-quality entrepreneurial efficiency of family SMEs. To achieve this, this study considered as outputs three key quality aspects of entrepreneurship, namely innovativeness, export orientation and turnover rate, while the inputs were the number of employees and the business environment. Then, in the second stage, the efficiency scores are regressed against a set of environmental factors that may affect the efficiency. The proposed efficiency measurement models are utilized with a particularly rich dataset of 1,910 family SMEs from 35 developed countries. The results demonstrated that the efficiency of family SMEs primarily engaged in the production of goods was significantly higher than those providing services. Importantly, the presence of barriers related to innovation and digitalization had a pronounced negative impact on efficiency. Additionally, scale-up firms exhibited higher levels of efficiency. When examining family SMEs within their national context, it was observed that non-EU countries and countries with a higher gross domestic product displayed significantly higher efficiencies. The findings of this research provide guidance for the development of entrepreneurship-oriented policies that consider both the internal characteristics of family SMEs and the diverse socioeconomic contexts in which they operate.Factors affecting high-quality entrepreneurial performance in small- and medium-sized family firms
Panagiotis Mitropoulos, Alexandros Mitropoulos, Aimilia Vlami
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

The purpose of this paper is to measure the high-quality entrepreneurial efficiency of family-owned small- and medium-sized enterprises (SMEs) while exploring the potential determinants of their performance. This study places particular emphasis on the firms' technological competencies and internationalization efforts. The authors aim to shed light on the internal and external characteristics that impact the efficiency of family SMEs.

This study adopts a two-stage approach. In the first stage, a data envelopment analysis model is utilized to measure the high-quality entrepreneurial efficiency of family SMEs. To achieve this, this study considered as outputs three key quality aspects of entrepreneurship, namely innovativeness, export orientation and turnover rate, while the inputs were the number of employees and the business environment. Then, in the second stage, the efficiency scores are regressed against a set of environmental factors that may affect the efficiency. The proposed efficiency measurement models are utilized with a particularly rich dataset of 1,910 family SMEs from 35 developed countries.

The results demonstrated that the efficiency of family SMEs primarily engaged in the production of goods was significantly higher than those providing services. Importantly, the presence of barriers related to innovation and digitalization had a pronounced negative impact on efficiency. Additionally, scale-up firms exhibited higher levels of efficiency. When examining family SMEs within their national context, it was observed that non-EU countries and countries with a higher gross domestic product displayed significantly higher efficiencies.

The findings of this research provide guidance for the development of entrepreneurship-oriented policies that consider both the internal characteristics of family SMEs and the diverse socioeconomic contexts in which they operate.

]]>
Factors affecting high-quality entrepreneurial performance in small- and medium-sized family firms10.1108/JFBM-09-2023-0171Journal of Family Business Management2023-12-21© 2023 Emerald Publishing LimitedPanagiotis MitropoulosAlexandros MitropoulosAimilia VlamiJournal of Family Business Managementahead-of-printahead-of-print2023-12-2110.1108/JFBM-09-2023-0171https://www.emerald.com/insight/content/doi/10.1108/JFBM-09-2023-0171/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Emerald Publishing Limited
Promoting family business in handicrafts through local tradition and culture: an innovative approachhttps://www.emerald.com/insight/content/doi/10.1108/JFBM-10-2021-0131/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThe purpose of the study is to investigate the potentiality and dimensions of promoting handicraft family business practices in handicraft as well as the extent to highlight the local tradition and culture. This study is an insight from the existing relevant literature on family-owned businesses in handicrafts from time immemorial. Furthermore, data were collected from the 300 respondents using a purposive sampling procedure in which the rate of response was 67%. The structural equation modeling (i.e. SmartPLS 3.0) was used to analyze the construct and test the hypothesis. According to the result, among the 4 hypothesized paths all were supported, but out of 22 relationship paths, 15 paths are considered significant This study shows the relationship among the promotional factors, economic factors and motivational factors, and support and challenges factors have a crucial effect on the adoption of handicraft family business. The findings of this study will assist the tourism scholars and managers to apprehend an authentic relationship between age-old practices of the family business as well as the legacy of the family business in art and crafts to empower the local people. The study is a foremost to ascertain the critical success factors of the adoption of family business practices in art and crafts through rural tourism to empower the local economy.Promoting family business in handicrafts through local tradition and culture: an innovative approach
Santus Kumar Deb, P.P. Mohanty, Marco Valeri
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

The purpose of the study is to investigate the potentiality and dimensions of promoting handicraft family business practices in handicraft as well as the extent to highlight the local tradition and culture.

This study is an insight from the existing relevant literature on family-owned businesses in handicrafts from time immemorial. Furthermore, data were collected from the 300 respondents using a purposive sampling procedure in which the rate of response was 67%. The structural equation modeling (i.e. SmartPLS 3.0) was used to analyze the construct and test the hypothesis.

According to the result, among the 4 hypothesized paths all were supported, but out of 22 relationship paths, 15 paths are considered significant This study shows the relationship among the promotional factors, economic factors and motivational factors, and support and challenges factors have a crucial effect on the adoption of handicraft family business.

The findings of this study will assist the tourism scholars and managers to apprehend an authentic relationship between age-old practices of the family business as well as the legacy of the family business in art and crafts to empower the local people.

The study is a foremost to ascertain the critical success factors of the adoption of family business practices in art and crafts through rural tourism to empower the local economy.

]]>
Promoting family business in handicrafts through local tradition and culture: an innovative approach10.1108/JFBM-10-2021-0131Journal of Family Business Management2022-02-03© 2022 Emerald Publishing LimitedSantus Kumar DebP.P. MohantyMarco ValeriJournal of Family Business Managementahead-of-printahead-of-print2022-02-0310.1108/JFBM-10-2021-0131https://www.emerald.com/insight/content/doi/10.1108/JFBM-10-2021-0131/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2022 Emerald Publishing Limited
Encouraging consumer loyalty: the role of family business in hospitalityhttps://www.emerald.com/insight/content/doi/10.1108/JFBM-10-2021-0134/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThe aim of this paper is to understand the importance of consumer loyalty in the specific context of Hotel Family Business. This study proposes a conceptual model to examine how perceived service quality and corporate social responsibility (SCR) influence guest satisfaction and loyalty, and also how they relate to corporate image, perceived value and price. Through the structural equation model (SEM), a research model was proposed to examine SQ and CSR affect satisfaction and loyalty to the Douro Family Hotel and also, how they interact with corporate image, perceived value and price. The main purpose is to analyse the drivers of guest loyalty and its importance for the development and sustainability of family hotels in Douro (Portugal). The results of the study indicate that CSR and SQ perceived by the guest have a direct and positive effect on guest satisfaction and loyalty to Douro family hotels. These variables are also determinants of the perceived value, corporate image and price. The sample is restricted and obtained by the convenience technique, but with sufficient size for the application of the structural equations model. However, the results obtained cannot be generalised to all hotels or contexts, as they only reflect information on family hotels in the Douro. Family businesses are a substantial share of the European economy, from the industrial sector to the services industry, including also hospitality. In Portugal, family businesses likewise play a key role, both in terms of wealth creation and job creation. These findings provide knowledge to family hotels on how they should implement a CSR policy that promotes service quality, corporate image and guest satisfaction, and therefore their loyalty and the competitiveness of the family hotel business.Encouraging consumer loyalty: the role of family business in hospitality
Cláudia Miranda Veloso, Daniela Magalhães, Bruno Barbosa Sousa, Cicero Eduardo Walter, Marco Valeri
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

The aim of this paper is to understand the importance of consumer loyalty in the specific context of Hotel Family Business. This study proposes a conceptual model to examine how perceived service quality and corporate social responsibility (SCR) influence guest satisfaction and loyalty, and also how they relate to corporate image, perceived value and price.

Through the structural equation model (SEM), a research model was proposed to examine SQ and CSR affect satisfaction and loyalty to the Douro Family Hotel and also, how they interact with corporate image, perceived value and price. The main purpose is to analyse the drivers of guest loyalty and its importance for the development and sustainability of family hotels in Douro (Portugal).

The results of the study indicate that CSR and SQ perceived by the guest have a direct and positive effect on guest satisfaction and loyalty to Douro family hotels. These variables are also determinants of the perceived value, corporate image and price.

The sample is restricted and obtained by the convenience technique, but with sufficient size for the application of the structural equations model. However, the results obtained cannot be generalised to all hotels or contexts, as they only reflect information on family hotels in the Douro.

Family businesses are a substantial share of the European economy, from the industrial sector to the services industry, including also hospitality. In Portugal, family businesses likewise play a key role, both in terms of wealth creation and job creation.

These findings provide knowledge to family hotels on how they should implement a CSR policy that promotes service quality, corporate image and guest satisfaction, and therefore their loyalty and the competitiveness of the family hotel business.

]]>
Encouraging consumer loyalty: the role of family business in hospitality10.1108/JFBM-10-2021-0134Journal of Family Business Management2021-12-31© 2021 Emerald Publishing LimitedCláudia Miranda VelosoDaniela MagalhãesBruno Barbosa SousaCicero Eduardo WalterMarco ValeriJournal of Family Business Managementahead-of-printahead-of-print2021-12-3110.1108/JFBM-10-2021-0134https://www.emerald.com/insight/content/doi/10.1108/JFBM-10-2021-0134/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2021 Emerald Publishing Limited
Hotel housekeepers in family hotel business: a perspective articlehttps://www.emerald.com/insight/content/doi/10.1108/JFBM-10-2023-0173/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThe purpose of this research is to delve into the scientific literature on hotel housekeepers in family hotel businesses to suggest new research directions in this field. This paper is based on a concise literature review to discuss the past and future of research on family hotel business. Research on family hotel businesses and the relationships and working conditions of their employees is limited. Most studies are focused on family businesses in general, without specific emphasis on a particular sector, or a specific job within each sector, or the type of company within a sector. This paper synthesizes existing research on family businesses, particularly family hotel businesses, to delve into work conditions in both fields. It seeks to establish connections with the job conditions of hotel housekeepers as a means of addressing some of the challenges they face in their working environment.Hotel housekeepers in family hotel business: a perspective article
Almudena Otegui Carles
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

The purpose of this research is to delve into the scientific literature on hotel housekeepers in family hotel businesses to suggest new research directions in this field.

This paper is based on a concise literature review to discuss the past and future of research on family hotel business.

Research on family hotel businesses and the relationships and working conditions of their employees is limited. Most studies are focused on family businesses in general, without specific emphasis on a particular sector, or a specific job within each sector, or the type of company within a sector.

This paper synthesizes existing research on family businesses, particularly family hotel businesses, to delve into work conditions in both fields. It seeks to establish connections with the job conditions of hotel housekeepers as a means of addressing some of the challenges they face in their working environment.

]]>
Hotel housekeepers in family hotel business: a perspective article10.1108/JFBM-10-2023-0173Journal of Family Business Management2023-10-30© 2023 Emerald Publishing LimitedAlmudena Otegui CarlesJournal of Family Business Managementahead-of-printahead-of-print2023-10-3010.1108/JFBM-10-2023-0173https://www.emerald.com/insight/content/doi/10.1108/JFBM-10-2023-0173/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Emerald Publishing Limited
Unravelling the determinants of family firms' governance: the family protocolhttps://www.emerald.com/insight/content/doi/10.1108/JFBM-10-2023-0190/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestFamily businesses are essential to the global economy but often grapple with family-related issues, especially during succession. This study explores how governance tools like the family protocol (FP) mitigate conflicts by setting standards for family firm management and continuity. Pioneering the use of game theory and adverse selection setups in family business governance, this research uncovers FP determinants. This research employs game theory and adverse selection setups to delve into the strategic decision-making processes of stakeholders in family firms. The authors break new ground by applying principal–agent theory (PAT) to family business governance structures. This innovative approach uncovers the determinants of the FP, enhancing the authors’ understanding of family firm dynamics. The authors emphasize the importance of custom governance structures, such as the FP, in managing complex family-business interactions. These structures mitigate conflicts and promote smoother transitions during succession, ensuring family firm continuity. This study identifies key determinants, and these results will aid founders, families and practitioners in achieving smoother transitions, ensuring family firm continuity. This research pioneers game theory and PAT applications in family business governance, shedding light on the effectiveness of customized governance mechanisms. By identifying FP determinants, the authors contribute to a deeper understanding of family firm dynamics. The findings have practical implications for founders, families, practitioners and consultants, promoting the long-term success and harmony of family firms in the global economy.Unravelling the determinants of family firms' governance: the family protocol
Shital Jayantilal, Sílvia Ferreira Jorge, Paulo Alcarva
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

Family businesses are essential to the global economy but often grapple with family-related issues, especially during succession. This study explores how governance tools like the family protocol (FP) mitigate conflicts by setting standards for family firm management and continuity. Pioneering the use of game theory and adverse selection setups in family business governance, this research uncovers FP determinants.

This research employs game theory and adverse selection setups to delve into the strategic decision-making processes of stakeholders in family firms. The authors break new ground by applying principal–agent theory (PAT) to family business governance structures. This innovative approach uncovers the determinants of the FP, enhancing the authors’ understanding of family firm dynamics.

The authors emphasize the importance of custom governance structures, such as the FP, in managing complex family-business interactions. These structures mitigate conflicts and promote smoother transitions during succession, ensuring family firm continuity. This study identifies key determinants, and these results will aid founders, families and practitioners in achieving smoother transitions, ensuring family firm continuity.

This research pioneers game theory and PAT applications in family business governance, shedding light on the effectiveness of customized governance mechanisms. By identifying FP determinants, the authors contribute to a deeper understanding of family firm dynamics. The findings have practical implications for founders, families, practitioners and consultants, promoting the long-term success and harmony of family firms in the global economy.

]]>
Unravelling the determinants of family firms' governance: the family protocol10.1108/JFBM-10-2023-0190Journal of Family Business Management2023-11-21© 2023 Emerald Publishing LimitedShital JayantilalSílvia Ferreira JorgePaulo AlcarvaJournal of Family Business Managementahead-of-printahead-of-print2023-11-2110.1108/JFBM-10-2023-0190https://www.emerald.com/insight/content/doi/10.1108/JFBM-10-2023-0190/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Emerald Publishing Limited
Intra-family communication in challenging times and family business: a perspective articlehttps://www.emerald.com/insight/content/doi/10.1108/JFBM-10-2023-0191/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThis perspective article highlights the importance of future research that explores how intra-family communication in family businesses was affected during challenging times such as the COVID-19 pandemic. The paper is based on a literature review of current perspectives on the role of informal communication in family businesses. The author offers some research insight into contributing to redirect the study of informal intra-family communication in family businesses. The COVID-19 pandemic and its consequential effects have presented a series of challenges that possess the capacity to affect communication in any business. Nevertheless, these challenges in informal communication within family members hold a particular relevance for family businesses and require a reassessment of the fundamental assumptions that serve as the basis for research in challenging times. This paper synthesizes the existing research on informal communication in the family business context and proposes some key research opportunities.Intra-family communication in challenging times and family business: a perspective article
Anil Boz Semerci
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

This perspective article highlights the importance of future research that explores how intra-family communication in family businesses was affected during challenging times such as the COVID-19 pandemic.

The paper is based on a literature review of current perspectives on the role of informal communication in family businesses. The author offers some research insight into contributing to redirect the study of informal intra-family communication in family businesses.

The COVID-19 pandemic and its consequential effects have presented a series of challenges that possess the capacity to affect communication in any business. Nevertheless, these challenges in informal communication within family members hold a particular relevance for family businesses and require a reassessment of the fundamental assumptions that serve as the basis for research in challenging times.

This paper synthesizes the existing research on informal communication in the family business context and proposes some key research opportunities.

]]>
Intra-family communication in challenging times and family business: a perspective article10.1108/JFBM-10-2023-0191Journal of Family Business Management2023-12-15© 2023 Emerald Publishing LimitedAnil Boz SemerciJournal of Family Business Managementahead-of-printahead-of-print2023-12-1510.1108/JFBM-10-2023-0191https://www.emerald.com/insight/content/doi/10.1108/JFBM-10-2023-0191/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Emerald Publishing Limited
Exploring the effect of family control on debt financing within large firms: a transnational study in emerging marketshttps://www.emerald.com/insight/content/doi/10.1108/JFBM-10-2023-0192/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThis paper aims to analyze the effect of family control and influence dimension of the socioemotional wealth (SEW) on capital structure of large listed firms in the North African region. The study uses panel data of the top 98 largest listed firms in the North African capital markets over the period from 2018 to 2022. The analysis is conducted employing random effects models. Findings suggest that large listed firms in North African region rely on more use of equity rather than debt financing. Further, results show that family control and influence dimension of the SEW, has no significant impact on the capital structure of North African large listed firms. This implies that the financing behavior of large firms listed in the North African countries is driven by financial and rationale factors rather than non-economic considerations. Indeed, findings support assumptions of the pecking order theory. This transnational study provides new insights into relevancy of socioemotional theory in explaining capital structure decisions within large family businesses in emerging markets. Findings have the potential to enhance analysts', investors' and practitioners' understanding of financing decisions by large listed firms in this region. This, in turn, can aid in conceiving adapted financing solutions.Exploring the effect of family control on debt financing within large firms: a transnational study in emerging markets
Zouhair Boumlik, Badia Oulhadj, Olivier Colot
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

This paper aims to analyze the effect of family control and influence dimension of the socioemotional wealth (SEW) on capital structure of large listed firms in the North African region.

The study uses panel data of the top 98 largest listed firms in the North African capital markets over the period from 2018 to 2022. The analysis is conducted employing random effects models.

Findings suggest that large listed firms in North African region rely on more use of equity rather than debt financing. Further, results show that family control and influence dimension of the SEW, has no significant impact on the capital structure of North African large listed firms. This implies that the financing behavior of large firms listed in the North African countries is driven by financial and rationale factors rather than non-economic considerations. Indeed, findings support assumptions of the pecking order theory.

This transnational study provides new insights into relevancy of socioemotional theory in explaining capital structure decisions within large family businesses in emerging markets. Findings have the potential to enhance analysts', investors' and practitioners' understanding of financing decisions by large listed firms in this region. This, in turn, can aid in conceiving adapted financing solutions.

]]>
Exploring the effect of family control on debt financing within large firms: a transnational study in emerging markets10.1108/JFBM-10-2023-0192Journal of Family Business Management2023-12-05© 2023 Emerald Publishing LimitedZouhair BoumlikBadia OulhadjOlivier ColotJournal of Family Business Managementahead-of-printahead-of-print2023-12-0510.1108/JFBM-10-2023-0192https://www.emerald.com/insight/content/doi/10.1108/JFBM-10-2023-0192/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Emerald Publishing Limited
Tourism/Hospitality and family business: a perspective articlehttps://www.emerald.com/insight/content/doi/10.1108/JFBM-10-2023-0196/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThis perspective article provides a compact view on past and promising future research of family business in tourism/hospitality research, an industry that is dominated and driven by family firms. This article draws on a review of key literature from family business and tourism/hospitality research, and synchronizes this literature for understanding the groundings and development of the field. The article finds that there are peculiar research gaps and needs concerning gender roles, sub-industries/family networks, later generation conflicts as well as differences in life cycle stages between emerging and developing countries. This article summarizes the state of the art of research for family business in tourism/hospitality and provides a novel agenda for theory advancement and research of practical relevance.Tourism/Hospitality and family business: a perspective article
Andreas Kallmuenzer, Beatriz Adriana López-Chávez
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

This perspective article provides a compact view on past and promising future research of family business in tourism/hospitality research, an industry that is dominated and driven by family firms.

This article draws on a review of key literature from family business and tourism/hospitality research, and synchronizes this literature for understanding the groundings and development of the field.

The article finds that there are peculiar research gaps and needs concerning gender roles, sub-industries/family networks, later generation conflicts as well as differences in life cycle stages between emerging and developing countries.

This article summarizes the state of the art of research for family business in tourism/hospitality and provides a novel agenda for theory advancement and research of practical relevance.

]]>
Tourism/Hospitality and family business: a perspective article10.1108/JFBM-10-2023-0196Journal of Family Business Management2023-11-22© 2023 Emerald Publishing LimitedAndreas KallmuenzerBeatriz Adriana López-ChávezJournal of Family Business Managementahead-of-printahead-of-print2023-11-2210.1108/JFBM-10-2023-0196https://www.emerald.com/insight/content/doi/10.1108/JFBM-10-2023-0196/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Emerald Publishing Limited
Corporate governance and family business: a perspective articlehttps://www.emerald.com/insight/content/doi/10.1108/JFBM-10-2023-0198/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThe governance of family businesses has attracted considerable scrutiny among scholars and practitioners. This paper explores influences that have defined corporate governance practices in family firms in the last century and reflects on the possible direction of research and practice in the next century. This manuscript undertakes a literature review of past and recent literature investigating corporate governance practices within family businesses. The evolution of corporate governance in the family business literature is underpinned by centralised decision-making structures, the need to overcome fundamental corporate governance challenges, the increasing relevance of family governance models and the recognition and adoption of contemporary trends in the corporate governance space. The review also suggests that corporate governance and family business research in the next century will be dominated by technology-based governance, sustainable governance, globalisation and the validation for multi-board structures, greater attention to succession planning and diversity, and channelling significant resources to innovation. The paper synthesises developments in the corporate governance–family business literature and proposes a future perspective.Corporate governance and family business: a perspective article
Franklin Nakpodia
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

The governance of family businesses has attracted considerable scrutiny among scholars and practitioners. This paper explores influences that have defined corporate governance practices in family firms in the last century and reflects on the possible direction of research and practice in the next century.

This manuscript undertakes a literature review of past and recent literature investigating corporate governance practices within family businesses.

The evolution of corporate governance in the family business literature is underpinned by centralised decision-making structures, the need to overcome fundamental corporate governance challenges, the increasing relevance of family governance models and the recognition and adoption of contemporary trends in the corporate governance space. The review also suggests that corporate governance and family business research in the next century will be dominated by technology-based governance, sustainable governance, globalisation and the validation for multi-board structures, greater attention to succession planning and diversity, and channelling significant resources to innovation.

The paper synthesises developments in the corporate governance–family business literature and proposes a future perspective.

]]>
Corporate governance and family business: a perspective article10.1108/JFBM-10-2023-0198Journal of Family Business Management2023-11-03© 2023 Emerald Publishing LimitedFranklin NakpodiaJournal of Family Business Managementahead-of-printahead-of-print2023-11-0310.1108/JFBM-10-2023-0198https://www.emerald.com/insight/content/doi/10.1108/JFBM-10-2023-0198/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Emerald Publishing Limited
Psychological ownership in family firms: a perspective articlehttps://www.emerald.com/insight/content/doi/10.1108/JFBM-10-2023-0204/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThis article explores psychological ownership (PO) in family firms (FFs); its impact on interpersonal relationships, attitudes and behaviors within the organization; and its importance for long-term success. It also highlights the factors that contribute to PO in these types of businesses. The article conducts a literature review that utilizes existing research to delve into the phenomenon of PO within the context of FFs. The article emphasizes that PO significantly impacts employee behavior and attitudes toward FFs. It shows the favorable influence of PO on employees' conduct and mindset. However, excessive PO can lead to disputes and obstruct the transfer of control. The success of family businesses depends on nurturing strong, positive PO in future generations and among nonfamily members. The article contributes to PO literature in FFs by analyzing its influence on FFs. It highlights factors affecting PO formation and its consequences and highlights novel lines of future research.Psychological ownership in family firms: a perspective article
Ana Lucia Caicedo-Leitón, Lucia Garcés-Galdeano, Martin Larraza-Kintana
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

This article explores psychological ownership (PO) in family firms (FFs); its impact on interpersonal relationships, attitudes and behaviors within the organization; and its importance for long-term success. It also highlights the factors that contribute to PO in these types of businesses.

The article conducts a literature review that utilizes existing research to delve into the phenomenon of PO within the context of FFs.

The article emphasizes that PO significantly impacts employee behavior and attitudes toward FFs. It shows the favorable influence of PO on employees' conduct and mindset. However, excessive PO can lead to disputes and obstruct the transfer of control.

The success of family businesses depends on nurturing strong, positive PO in future generations and among nonfamily members.

The article contributes to PO literature in FFs by analyzing its influence on FFs. It highlights factors affecting PO formation and its consequences and highlights novel lines of future research.

]]>
Psychological ownership in family firms: a perspective article10.1108/JFBM-10-2023-0204Journal of Family Business Management2024-02-12© 2024 Emerald Publishing LimitedAna Lucia Caicedo-LeitónLucia Garcés-GaldeanoMartin Larraza-KintanaJournal of Family Business Managementahead-of-printahead-of-print2024-02-1210.1108/JFBM-10-2023-0204https://www.emerald.com/insight/content/doi/10.1108/JFBM-10-2023-0204/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2024 Emerald Publishing Limited
The wealth creator and family business: a perspective articlehttps://www.emerald.com/insight/content/doi/10.1108/JFBM-10-2023-0213/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThe principal objective of this study is to identify and recommend auspicious research directions within the field of family business research, with a specific focus on the wealth creator. In conjunction with these research trajectories, the paper also aims to elucidate the potential implications of cultivating these lines of inquiry on the existing family business literature. This perspective paper adopts a comprehensive approach to examine the multifaceted role of the wealth creator in the context of family businesses. It reviews the last decades of research that resulted in the identification of this role within family business and proposes future research avenues to further address their characterization and importance. Investigating the wealth creator's attributes can provide insights into their role, the importance of timely identification and its preparatory elements. Furthermore, this exploration can shed light on the dynamics of inter-family relationships within family businesses and enrich the literature on power transition and continuity in family enterprises. Additionally, the maturation of the wealth creator concept may significantly impact the management of wealth portfolios, facilitating smoother wealth transfer, strategic portfolio management and the preservation of multi-generational wealth. This research offers a diverse understanding of the role of the wealth creator in family businesses. The findings also enhance the comprehension of family business dynamics, enriching the literature on succession. Lastly, the offered research avenues contribute to addressing the challenges of sustaining family wealth and ensuring the continuity of family businesses across generations.The wealth creator and family business: a perspective article
Carmen Nebot, Javier Morales Mediano
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

The principal objective of this study is to identify and recommend auspicious research directions within the field of family business research, with a specific focus on the wealth creator. In conjunction with these research trajectories, the paper also aims to elucidate the potential implications of cultivating these lines of inquiry on the existing family business literature.

This perspective paper adopts a comprehensive approach to examine the multifaceted role of the wealth creator in the context of family businesses. It reviews the last decades of research that resulted in the identification of this role within family business and proposes future research avenues to further address their characterization and importance.

Investigating the wealth creator's attributes can provide insights into their role, the importance of timely identification and its preparatory elements. Furthermore, this exploration can shed light on the dynamics of inter-family relationships within family businesses and enrich the literature on power transition and continuity in family enterprises. Additionally, the maturation of the wealth creator concept may significantly impact the management of wealth portfolios, facilitating smoother wealth transfer, strategic portfolio management and the preservation of multi-generational wealth.

This research offers a diverse understanding of the role of the wealth creator in family businesses. The findings also enhance the comprehension of family business dynamics, enriching the literature on succession. Lastly, the offered research avenues contribute to addressing the challenges of sustaining family wealth and ensuring the continuity of family businesses across generations.

]]>
The wealth creator and family business: a perspective article10.1108/JFBM-10-2023-0213Journal of Family Business Management2023-11-21© 2023 Emerald Publishing LimitedCarmen NebotJavier Morales MedianoJournal of Family Business Managementahead-of-printahead-of-print2023-11-2110.1108/JFBM-10-2023-0213https://www.emerald.com/insight/content/doi/10.1108/JFBM-10-2023-0213/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Emerald Publishing Limited
The African philosophy of Ubuntu and family businesses: a perspective articlehttps://www.emerald.com/insight/content/doi/10.1108/JFBM-10-2023-0216/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThis perspective article underscores the importance of conducting studies that examine the African philosophy of Ubuntu among indigenous African family businesses. The article summarises the understanding of the role of Ubuntu in indigenous African family businesses and explores potential pathways for further investigations to understand existing cultural and economic differences that could contribute to family business heterogeneity. The article adopts an analytical and interpretative approach to existing literature in family businesses and Ubuntu philosophy. The approach helps to evaluate the role of Ubuntu philosophy in indigenous African family businesses. Ubuntu was chosen for examination in this article because it is a fundamental African value commonly acceptable in Africa. The article emphasises the need to deepen the current understanding of the African philosophy of Ubuntu, highlighting the role this philosophy could play in shaping and positioning indigenous African family businesses for long-term success. This perspective article calls for integrating indigenous African philosophies into other knowledge systems to advocate for a better understanding of the institutional structures in indigenous African family businesses. Additionally, as businesses increasingly operate in a global context and more indigenous family businesses enter the formal global economic environments, non-indigenous business stakeholders and practitioners must gain an understanding of a diverse cultural perspective, such as Ubuntu. This article highlights the importance of African philosophies in understanding business organisations by highlighting the need for family business scholars to investigate the role of Ubuntu in indigenous African family businesses. The perspective article proposes sample research questions and areas for exploring Ubuntu in indigenous African family businesses, which could offer new avenues to understand the cultural and economic differences embedded in indigenous African family business context.The African philosophy of Ubuntu and family businesses: a perspective article
Welcome Kupangwa
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

This perspective article underscores the importance of conducting studies that examine the African philosophy of Ubuntu among indigenous African family businesses. The article summarises the understanding of the role of Ubuntu in indigenous African family businesses and explores potential pathways for further investigations to understand existing cultural and economic differences that could contribute to family business heterogeneity.

The article adopts an analytical and interpretative approach to existing literature in family businesses and Ubuntu philosophy. The approach helps to evaluate the role of Ubuntu philosophy in indigenous African family businesses. Ubuntu was chosen for examination in this article because it is a fundamental African value commonly acceptable in Africa.

The article emphasises the need to deepen the current understanding of the African philosophy of Ubuntu, highlighting the role this philosophy could play in shaping and positioning indigenous African family businesses for long-term success. This perspective article calls for integrating indigenous African philosophies into other knowledge systems to advocate for a better understanding of the institutional structures in indigenous African family businesses. Additionally, as businesses increasingly operate in a global context and more indigenous family businesses enter the formal global economic environments, non-indigenous business stakeholders and practitioners must gain an understanding of a diverse cultural perspective, such as Ubuntu.

This article highlights the importance of African philosophies in understanding business organisations by highlighting the need for family business scholars to investigate the role of Ubuntu in indigenous African family businesses. The perspective article proposes sample research questions and areas for exploring Ubuntu in indigenous African family businesses, which could offer new avenues to understand the cultural and economic differences embedded in indigenous African family business context.

]]>
The African philosophy of Ubuntu and family businesses: a perspective article10.1108/JFBM-10-2023-0216Journal of Family Business Management2024-02-15© 2024 Welcome KupangwaWelcome KupangwaJournal of Family Business Managementahead-of-printahead-of-print2024-02-1510.1108/JFBM-10-2023-0216https://www.emerald.com/insight/content/doi/10.1108/JFBM-10-2023-0216/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2024 Welcome Kupangwahttp://creativecommons.org/licences/by/4.0/legalcode
AI-driven sustainability brand activism for family businesses: a future-proofing perspective articlehttps://www.emerald.com/insight/content/doi/10.1108/JFBM-10-2023-0217/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestArtificial intelligence (AI) and sustainable business represent the irrefutable future of all forward looking businesses in the world today. In this perspective article, the authors explore the confluence of these important topics by highlighting the role of family businesses in advancing sustainable brand activism aligned with the United Nations Sustainable Development Goals (UNSDGs), like SDG 1, which emphasises poverty eradication. The authors fall on the transformative potential of artificial intelligence (AI) and online brand communities in family businesses as an anchor for promoting sustainability practices that align with UNSDGs. Using literature review, the authors fall on the transformative potential of AI and online brand communities in family businesses as an anchor for promoting sustainability practices that align with UNSDGs. Scholarly research on AI-driven sustainability brand activism in family businesses is either limited or nonexistent. Family businesses have a unique opportunity to use AI for eco-friendly operations, personalised brand engagement, eco-friendly product development, global collaborations and education and advocacy in support of the UNSDGs. Future research could look at how family businesses align their values, their long-term effects, how they work across generations, how resilient and flexible they are and how they compare to non-family businesses when it comes to using AI and brand activism as long-term strategies for sustainability and survival. The authors call for family businesses, governments and stakeholders to take theoretical and practical actions in promoting AI-driven sustainability brand activism aligned with the UNSDGs. It underscores the distinctive role of family businesses in driving sustainability and fostering brand activism through AI in a digital age.AI-driven sustainability brand activism for family businesses: a future-proofing perspective article
Joshua Kofi Doe, Robert E. Hinson
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

Artificial intelligence (AI) and sustainable business represent the irrefutable future of all forward looking businesses in the world today. In this perspective article, the authors explore the confluence of these important topics by highlighting the role of family businesses in advancing sustainable brand activism aligned with the United Nations Sustainable Development Goals (UNSDGs), like SDG 1, which emphasises poverty eradication. The authors fall on the transformative potential of artificial intelligence (AI) and online brand communities in family businesses as an anchor for promoting sustainability practices that align with UNSDGs.

Using literature review, the authors fall on the transformative potential of AI and online brand communities in family businesses as an anchor for promoting sustainability practices that align with UNSDGs.

Scholarly research on AI-driven sustainability brand activism in family businesses is either limited or nonexistent. Family businesses have a unique opportunity to use AI for eco-friendly operations, personalised brand engagement, eco-friendly product development, global collaborations and education and advocacy in support of the UNSDGs. Future research could look at how family businesses align their values, their long-term effects, how they work across generations, how resilient and flexible they are and how they compare to non-family businesses when it comes to using AI and brand activism as long-term strategies for sustainability and survival.

The authors call for family businesses, governments and stakeholders to take theoretical and practical actions in promoting AI-driven sustainability brand activism aligned with the UNSDGs. It underscores the distinctive role of family businesses in driving sustainability and fostering brand activism through AI in a digital age.

]]>
AI-driven sustainability brand activism for family businesses: a future-proofing perspective article10.1108/JFBM-10-2023-0217Journal of Family Business Management2023-12-05© 2023 Emerald Publishing LimitedJoshua Kofi DoeRobert E. HinsonJournal of Family Business Managementahead-of-printahead-of-print2023-12-0510.1108/JFBM-10-2023-0217https://www.emerald.com/insight/content/doi/10.1108/JFBM-10-2023-0217/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Emerald Publishing Limited
African family dynamics and family business – a perspective articlehttps://www.emerald.com/insight/content/doi/10.1108/JFBM-10-2023-0221/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestDespite the potential benefits of family businesses, their dynamics present peculiar challenges that hinder the realisation of their full potential. This paper sought to assess the relationship between family dynamics and business development in Africa. The authors explored the dynamics of African family structures and how these structures impact family businesses. The paper adopted an analytical and interpretative approach to existing literature and contemporary practices in family business operations. The approach helped to synthesise emerging trends in family business operations and offered novel insights into family-owned businesses. The findings revealed that, though family businesses have a lot to contribute to development, family dynamics can threaten their sustainability if not well moderated. Based on the findings, the authors recommend trust and transparency as critical pillars for sustained family-owned business growth. They recommend further that communication channels, documented policies and procedures and well-established feedback channels are strategies that can guide stakeholders in family businesses to build trust and transparency in the business. The paper throws light on the unique contributions of family businesses to communities and individuals and the Sustainable Development Goals (SDG). It is also an eye-opener to this relatively grey area and opens deeper discussions about sustaining family businesses.African family dynamics and family business – a perspective article
Doreen Nyarko Anyamesem Odame, Robert E. Hinson
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

Despite the potential benefits of family businesses, their dynamics present peculiar challenges that hinder the realisation of their full potential. This paper sought to assess the relationship between family dynamics and business development in Africa. The authors explored the dynamics of African family structures and how these structures impact family businesses.

The paper adopted an analytical and interpretative approach to existing literature and contemporary practices in family business operations. The approach helped to synthesise emerging trends in family business operations and offered novel insights into family-owned businesses.

The findings revealed that, though family businesses have a lot to contribute to development, family dynamics can threaten their sustainability if not well moderated. Based on the findings, the authors recommend trust and transparency as critical pillars for sustained family-owned business growth. They recommend further that communication channels, documented policies and procedures and well-established feedback channels are strategies that can guide stakeholders in family businesses to build trust and transparency in the business.

The paper throws light on the unique contributions of family businesses to communities and individuals and the Sustainable Development Goals (SDG). It is also an eye-opener to this relatively grey area and opens deeper discussions about sustaining family businesses.

]]>
African family dynamics and family business – a perspective article10.1108/JFBM-10-2023-0221Journal of Family Business Management2023-11-24© 2023 Emerald Publishing LimitedDoreen Nyarko Anyamesem OdameRobert E. HinsonJournal of Family Business Managementahead-of-printahead-of-print2023-11-2410.1108/JFBM-10-2023-0221https://www.emerald.com/insight/content/doi/10.1108/JFBM-10-2023-0221/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Emerald Publishing Limited
Internal communication and family business: a perspective articlehttps://www.emerald.com/insight/content/doi/10.1108/JFBM-10-2023-0224/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestFamily businesses require internal communication (IC) to guide and provide direction, and the unique nature of involving both family and nonfamily employees add complexity. Navigating this complexity helps to ensure effective direction and management of family businesses. This paper explores the existing research concerning IC within family businesses and discusses the lenses and contexts through which it is commonly studied. This paper provides a concise literature review to identify the most common lenses through which IC in family business has been researched. IC in family enterprises is mostly studied through the lenses of IC between family generations, IC and the influence on family identity, and IC in times of crises. Existing research is largely focused on the role of family in IC, and limited consideration is given to the role of nonfamily members and family members outside of the business. The paper synthesizes the direction and findings of existing research into IC within family business and provides avenues for future research. Managerial implications are also presented based on the synthesis of existing literature.Internal communication and family business: a perspective article
Annika Baumgart, Robin Bell, Ria Wiid
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

Family businesses require internal communication (IC) to guide and provide direction, and the unique nature of involving both family and nonfamily employees add complexity. Navigating this complexity helps to ensure effective direction and management of family businesses. This paper explores the existing research concerning IC within family businesses and discusses the lenses and contexts through which it is commonly studied.

This paper provides a concise literature review to identify the most common lenses through which IC in family business has been researched.

IC in family enterprises is mostly studied through the lenses of IC between family generations, IC and the influence on family identity, and IC in times of crises. Existing research is largely focused on the role of family in IC, and limited consideration is given to the role of nonfamily members and family members outside of the business.

The paper synthesizes the direction and findings of existing research into IC within family business and provides avenues for future research. Managerial implications are also presented based on the synthesis of existing literature.

]]>
Internal communication and family business: a perspective article10.1108/JFBM-10-2023-0224Journal of Family Business Management2024-01-31© 2024 Emerald Publishing LimitedAnnika BaumgartRobin BellRia WiidJournal of Family Business Managementahead-of-printahead-of-print2024-01-3110.1108/JFBM-10-2023-0224https://www.emerald.com/insight/content/doi/10.1108/JFBM-10-2023-0224/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2024 Emerald Publishing Limited
Navigating the path of family business research: a personal reflectionhttps://www.emerald.com/insight/content/doi/10.1108/JFBM-10-2023-0225/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThis article provides a personal response to the questions raised by Ratten et al. (2023) on what family business researchers have learnt about the family business field and tips for the future. This viewpoint article takes an autoethnographic reflective approach to address the five questions posed to distinguished family business researchers in Ratten et al. (2023). In family business research, scholars must address key intersectionalities. These include evolving gender dynamics, global reach, the impact of technology and the growing importance of sustainability. Women's roles in family businesses need thorough examination, while family business definitions must account for global operations. The influence of technology demands exploration, and sustainability is crucial for businesses of all sizes. Scholars should offer theory and practical guidance, bridging the gap between research and real-world application in this evolving landscape. This article highlights the critical intersectionalities shaping the family business field. Through the autoethnographic reflective approach, the article provides both verbatim advice and future-oriented tips, delivering original and innovative insights into the needs of the family business management domain.Navigating the path of family business research: a personal reflection
Emmanuel Mogaji
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

This article provides a personal response to the questions raised by Ratten et al. (2023) on what family business researchers have learnt about the family business field and tips for the future.

This viewpoint article takes an autoethnographic reflective approach to address the five questions posed to distinguished family business researchers in Ratten et al. (2023).

In family business research, scholars must address key intersectionalities. These include evolving gender dynamics, global reach, the impact of technology and the growing importance of sustainability. Women's roles in family businesses need thorough examination, while family business definitions must account for global operations. The influence of technology demands exploration, and sustainability is crucial for businesses of all sizes. Scholars should offer theory and practical guidance, bridging the gap between research and real-world application in this evolving landscape.

This article highlights the critical intersectionalities shaping the family business field. Through the autoethnographic reflective approach, the article provides both verbatim advice and future-oriented tips, delivering original and innovative insights into the needs of the family business management domain.

]]>
Navigating the path of family business research: a personal reflection10.1108/JFBM-10-2023-0225Journal of Family Business Management2023-11-28© 2023 Emerald Publishing LimitedEmmanuel MogajiJournal of Family Business Managementahead-of-printahead-of-print2023-11-2810.1108/JFBM-10-2023-0225https://www.emerald.com/insight/content/doi/10.1108/JFBM-10-2023-0225/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Emerald Publishing Limited
First (latent) generation and family business: a perspective articlehttps://www.emerald.com/insight/content/doi/10.1108/JFBM-10-2023-0227/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestFamily businesses are characterized by the simultaneous presence of the family and the business system. The literature analyses sporadically the family support during the creation of a new family business. For this reason, the aim of this article is to offer new reflections and theoretical approaches in the field of family business studies. In fact, the study focuses on the first generation and the relationship and support with the previous generation (latent generation). This perspective paper is based on a concise review of the literature. The results of this offer a state of the art, synthesized and integrated, on the first generation to proposal the reader new knowledge on the first generation and relationships with family members. This perspective paper distinguishes between the first generation formally engaged in the family business and the latent generation. The authors identify latent generation as a generation coeval with the first that supports the entrepreneur without being formally engaged in the family business. This study summarizes existing research on the first generation, highlighting the crucial role of the latent generation. Considering the latent generation determines an implicit and tacit generational transition not yet considered in the literature on the topic This study provides new research directions for scholars and managers to understand the entrepreneurial behaviors of families, family members and family businesses.First (latent) generation and family business: a perspective article
Walter Vesperi, Anna Maria Melina, Concetta Lucia Cristofaro, Marzia Ventura
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

Family businesses are characterized by the simultaneous presence of the family and the business system. The literature analyses sporadically the family support during the creation of a new family business. For this reason, the aim of this article is to offer new reflections and theoretical approaches in the field of family business studies. In fact, the study focuses on the first generation and the relationship and support with the previous generation (latent generation).

This perspective paper is based on a concise review of the literature.

The results of this offer a state of the art, synthesized and integrated, on the first generation to proposal the reader new knowledge on the first generation and relationships with family members.

This perspective paper distinguishes between the first generation formally engaged in the family business and the latent generation. The authors identify latent generation as a generation coeval with the first that supports the entrepreneur without being formally engaged in the family business. This study summarizes existing research on the first generation, highlighting the crucial role of the latent generation. Considering the latent generation determines an implicit and tacit generational transition not yet considered in the literature on the topic This study provides new research directions for scholars and managers to understand the entrepreneurial behaviors of families, family members and family businesses.

]]>
First (latent) generation and family business: a perspective article10.1108/JFBM-10-2023-0227Journal of Family Business Management2023-12-28© 2023 Emerald Publishing LimitedWalter VesperiAnna Maria MelinaConcetta Lucia CristofaroMarzia VenturaJournal of Family Business Managementahead-of-printahead-of-print2023-12-2810.1108/JFBM-10-2023-0227https://www.emerald.com/insight/content/doi/10.1108/JFBM-10-2023-0227/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Emerald Publishing Limited
Entrepreneurial resilience (ER) and family business: a perspective articlehttps://www.emerald.com/insight/content/doi/10.1108/JFBM-10-2023-0228/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThis paper highlights the need for future studies researching the subject of resilience in family firms on different levels. This paper reviews the literature on resilience in family businesses. Resilience has become more important due to the recent multiple crises, starting with the coronavirus pandemic, followed by high inflation and energy prices, partly resulting from the war in Ukraine. These multiple crises affect the family and the business level. Future research must account for multiple levels when addressing it, i.e. the individual, the team, the family, and the business level. Resilience has to encompass all levels to sustain family business continuity. By giving an overview of the concept of resilience, taking the family's perspective, and suggesting future avenues of research, the paper contributes to the development of family business research.Entrepreneurial resilience (ER) and family business: a perspective article
Börje Boers, Anders Billström, Danilo Brozović
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

This paper highlights the need for future studies researching the subject of resilience in family firms on different levels.

This paper reviews the literature on resilience in family businesses.

Resilience has become more important due to the recent multiple crises, starting with the coronavirus pandemic, followed by high inflation and energy prices, partly resulting from the war in Ukraine. These multiple crises affect the family and the business level. Future research must account for multiple levels when addressing it, i.e. the individual, the team, the family, and the business level. Resilience has to encompass all levels to sustain family business continuity.

By giving an overview of the concept of resilience, taking the family's perspective, and suggesting future avenues of research, the paper contributes to the development of family business research.

]]>
Entrepreneurial resilience (ER) and family business: a perspective article10.1108/JFBM-10-2023-0228Journal of Family Business Management2024-01-10© 2023 Börje Boers, Anders Billström and Danilo BrozovićBörje BoersAnders BillströmDanilo BrozovićJournal of Family Business Managementahead-of-printahead-of-print2024-01-1010.1108/JFBM-10-2023-0228https://www.emerald.com/insight/content/doi/10.1108/JFBM-10-2023-0228/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Börje Boers, Anders Billström and Danilo Brozovićhttp://creativecommons.org/licences/by/4.0/legalcode
Managing a Gen-Z workforce – what family firms need to know: a perspectives articlehttps://www.emerald.com/insight/content/doi/10.1108/JFBM-10-2023-0231/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThis paper highlights the opportunities and challenges for family firms in managing Generation Z (Gen-Z) employees. This perspective article explores several considerations for family firms in managing their Gen-Z employees and the potential implications for their socioemotional wealth (SEW). The authors provide a brief review of what is known about the values/work habits of Gen-Z employees and attracting, retaining and managing nonfamily employees in family firms. The unique values, motivations and working styles of Gen-Z employees suggest the need for family business leaders to adopt a different approach to managing these employees. A focus on Gen-Z’s psychological contract, technological savviness and entrepreneurial orientation is provided with respect to how they can be managed. The authors suggest the importance of approaching NFEs as a heterogenous group and offer avenues for future research with prospective research questions to better understand nonfamily Generation Z employees’ place in the family firm.Managing a Gen-Z workforce – what family firms need to know: a perspectives article
Mare Stevanovski, Likun (David) Zhan, Michael Mustafa
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

This paper highlights the opportunities and challenges for family firms in managing Generation Z (Gen-Z) employees. This perspective article explores several considerations for family firms in managing their Gen-Z employees and the potential implications for their socioemotional wealth (SEW).

The authors provide a brief review of what is known about the values/work habits of Gen-Z employees and attracting, retaining and managing nonfamily employees in family firms.

The unique values, motivations and working styles of Gen-Z employees suggest the need for family business leaders to adopt a different approach to managing these employees. A focus on Gen-Z’s psychological contract, technological savviness and entrepreneurial orientation is provided with respect to how they can be managed.

The authors suggest the importance of approaching NFEs as a heterogenous group and offer avenues for future research with prospective research questions to better understand nonfamily Generation Z employees’ place in the family firm.

]]>
Managing a Gen-Z workforce – what family firms need to know: a perspectives article10.1108/JFBM-10-2023-0231Journal of Family Business Management2024-03-12© 2024 Emerald Publishing LimitedMare StevanovskiLikun (David) ZhanMichael MustafaJournal of Family Business Managementahead-of-printahead-of-print2024-03-1210.1108/JFBM-10-2023-0231https://www.emerald.com/insight/content/doi/10.1108/JFBM-10-2023-0231/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2024 Emerald Publishing Limited
Corporate entrepreneurship and family businesses: a perspective articlehttps://www.emerald.com/insight/content/doi/10.1108/JFBM-10-2023-0237/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestFamily businesses play a pivotal role in the world’s economy, contributing to 70% of its GDP. Their success in the current environment demands the enactment of entrepreneurial and innovative competencies to catalyse organizational growth and performance. In this context, corporate entrepreneurship may help these organizations advance their competitive advantage. The systematic analysis of the past 50 years of research reveals that a broad range of variables may moderate relationships among antecedents, outcomes and corporate entrepreneurship. This article aims to explore future avenues of research that will contribute to a better understanding of corporate entrepreneurship in family firms. This paper is based on the systematic research. While the synergy between corporate entrepreneurship and family business has gained attention, the intricacies and nuances within this intersection remain largely unexplored due to the diverse nature of corporate entrepreneurship and family enterprises. Future research endeavours in this domain should aim to explore fundamental aspects, including refining the definition of corporate entrepreneurship, understanding its interplay with familiness, socioemotional wealth, national and organizational culture and other various family-related factors such as the composition of the top management team, organizational size, diversity and attitudes towards risk. By outlining the key variables such as familiness, socioemotional wealth, generational involvement and cultural factors, the paper guides future research efforts. Researchers and practitioners can use these identified variables as focal points for deeper investigation and analysis when exploring the dynamics of corporate entrepreneurship within family businesses. Family firm managers may apply instruments like the Corporate Entrepreneurship Assessment Instrument together with other instruments like the Family Influence Familiness Scale (FIFS) and the FIBER instrument to obtain an indication of a firm’s likelihood of being able to successfully implement an entrepreneurial climate within the firm. Family businesses represent 70% of the world’s GDP, therefore, improving the understanding of how corporate entrepreneurship augments their resilience and competitiveness, may contribute to the well-being of 60% of the global workforce. The paper synthesizes the research in corporate entrepreneurship in family businesses and proposes a future perspective.Corporate entrepreneurship and family businesses: a perspective article
Cris Bravo Monge
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

Family businesses play a pivotal role in the world’s economy, contributing to 70% of its GDP. Their success in the current environment demands the enactment of entrepreneurial and innovative competencies to catalyse organizational growth and performance. In this context, corporate entrepreneurship may help these organizations advance their competitive advantage. The systematic analysis of the past 50 years of research reveals that a broad range of variables may moderate relationships among antecedents, outcomes and corporate entrepreneurship. This article aims to explore future avenues of research that will contribute to a better understanding of corporate entrepreneurship in family firms.

This paper is based on the systematic research.

While the synergy between corporate entrepreneurship and family business has gained attention, the intricacies and nuances within this intersection remain largely unexplored due to the diverse nature of corporate entrepreneurship and family enterprises. Future research endeavours in this domain should aim to explore fundamental aspects, including refining the definition of corporate entrepreneurship, understanding its interplay with familiness, socioemotional wealth, national and organizational culture and other various family-related factors such as the composition of the top management team, organizational size, diversity and attitudes towards risk.

By outlining the key variables such as familiness, socioemotional wealth, generational involvement and cultural factors, the paper guides future research efforts. Researchers and practitioners can use these identified variables as focal points for deeper investigation and analysis when exploring the dynamics of corporate entrepreneurship within family businesses.

Family firm managers may apply instruments like the Corporate Entrepreneurship Assessment Instrument together with other instruments like the Family Influence Familiness Scale (FIFS) and the FIBER instrument to obtain an indication of a firm’s likelihood of being able to successfully implement an entrepreneurial climate within the firm.

Family businesses represent 70% of the world’s GDP, therefore, improving the understanding of how corporate entrepreneurship augments their resilience and competitiveness, may contribute to the well-being of 60% of the global workforce.

The paper synthesizes the research in corporate entrepreneurship in family businesses and proposes a future perspective.

]]>
Corporate entrepreneurship and family businesses: a perspective article10.1108/JFBM-10-2023-0237Journal of Family Business Management2024-03-11© 2024 Emerald Publishing LimitedCris Bravo MongeJournal of Family Business Managementahead-of-printahead-of-print2024-03-1110.1108/JFBM-10-2023-0237https://www.emerald.com/insight/content/doi/10.1108/JFBM-10-2023-0237/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2024 Emerald Publishing Limited
Financial management and family business: a perspective articlehttps://www.emerald.com/insight/content/doi/10.1108/JFBM-10-2023-0239/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThis study aims to review major themes and findings of research into financial management of family business and to suggest new directions for future research. This is a perspective article beginning with literature review to summarize prior research and to identify main findings and issues. The paper then develops themes, questions and opportunities for future research. This paper presents a summary of principal research streams in the financial management of family business. Prior research has found significant differences in financial performance, in financial policies and in ownership and governance structures and behavior. These research findings vary by industry, by country and by stage of economic development. While extensions of these streams will add additional richness to the author’s understanding of finance in family business, recent innovations in the role and organization of the firm and in access to key resources suggest promising new research paths. There are also important lessons from financial practices in family business that have broader applicability. This is a perspective article suggesting that many financial and governance issues central to family business have broader applicability to nonfamily business. Substantial value can be added by applying these learnings to a broader corporate finance context. Innovations in financing, governance and organizational design are transforming financial management in family business. In addition, changes in markets and industries create new opportunities for financing family business and for new strategic opportunities.Financial management and family business: a perspective article
John Scott Strong
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

This study aims to review major themes and findings of research into financial management of family business and to suggest new directions for future research.

This is a perspective article beginning with literature review to summarize prior research and to identify main findings and issues. The paper then develops themes, questions and opportunities for future research.

This paper presents a summary of principal research streams in the financial management of family business. Prior research has found significant differences in financial performance, in financial policies and in ownership and governance structures and behavior. These research findings vary by industry, by country and by stage of economic development. While extensions of these streams will add additional richness to the author’s understanding of finance in family business, recent innovations in the role and organization of the firm and in access to key resources suggest promising new research paths. There are also important lessons from financial practices in family business that have broader applicability.

This is a perspective article suggesting that many financial and governance issues central to family business have broader applicability to nonfamily business. Substantial value can be added by applying these learnings to a broader corporate finance context. Innovations in financing, governance and organizational design are transforming financial management in family business. In addition, changes in markets and industries create new opportunities for financing family business and for new strategic opportunities.

]]>
Financial management and family business: a perspective article10.1108/JFBM-10-2023-0239Journal of Family Business Management2023-12-15© 2023 Emerald Publishing LimitedJohn Scott StrongJournal of Family Business Managementahead-of-printahead-of-print2023-12-1510.1108/JFBM-10-2023-0239https://www.emerald.com/insight/content/doi/10.1108/JFBM-10-2023-0239/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Emerald Publishing Limited
Integrating UN Sustainable Development Goals into family business practices: a perspective articlehttps://www.emerald.com/insight/content/doi/10.1108/JFBM-10-2023-0243/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThis paper explores the potential for family businesses (FBs) to play a pivotal role in advancing the United Nations (UN) Sustainable Development Goals (SDGs). It seeks to elucidate how FBs' inherent strengths and values can be harnessed to integrate sustainable practices within their operational paradigms. The authors employed a literature review to synthesize all the information and identify how FBs' desire to pass on a healthy company to future generations encourages sustainable practices. FBs have the potential to contribute significantly to not only their own sustainability but also the broader well-being of society by aligning with the SDGs. This paper provides practical insights for stakeholders, policymakers and business leaders seeking to foster a more inclusive and environmentally responsible economic landscape.Integrating UN Sustainable Development Goals into family business practices: a perspective article
Bavly Hanna, Guandong Xu, Xianzhi Wang, Jahangir Hossain
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

This paper explores the potential for family businesses (FBs) to play a pivotal role in advancing the United Nations (UN) Sustainable Development Goals (SDGs). It seeks to elucidate how FBs' inherent strengths and values can be harnessed to integrate sustainable practices within their operational paradigms.

The authors employed a literature review to synthesize all the information and identify how FBs' desire to pass on a healthy company to future generations encourages sustainable practices.

FBs have the potential to contribute significantly to not only their own sustainability but also the broader well-being of society by aligning with the SDGs.

This paper provides practical insights for stakeholders, policymakers and business leaders seeking to foster a more inclusive and environmentally responsible economic landscape.

]]>
Integrating UN Sustainable Development Goals into family business practices: a perspective article10.1108/JFBM-10-2023-0243Journal of Family Business Management2024-02-26© 2024 Emerald Publishing LimitedBavly HannaGuandong XuXianzhi WangJahangir HossainJournal of Family Business Managementahead-of-printahead-of-print2024-02-2610.1108/JFBM-10-2023-0243https://www.emerald.com/insight/content/doi/10.1108/JFBM-10-2023-0243/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2024 Emerald Publishing Limited
Sustainability performance disclosure and family businesses: a perspective articlehttps://www.emerald.com/insight/content/doi/10.1108/JFBM-10-2023-0250/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThe deeper understanding of the disclosure of external and internal dynamics of family firms necessarily places the issue of sustainability as one of the most pressing needs from both a research and managerial perspective. Therefore, this perspective article contributes to the debate of sustainability performance disclosure in family firms, proposing a research agenda. This study has organized the discussion around those elements that most significantly impact the propensity to disclose, with a specific focus on the interconnections and interrelations within them. The proposed research agenda is developed around three key elements: “how” firms disclose, “the reason why” they do it and “what” disclose of their performance(s). To better understand “how” family firms should disclose their performance, it is suggested to engage in proactive stakeholder engagement to preserve long-term socioemotional wealth. “The reason why” for disclosure is still associated with the legitimization of family firms from an economic, social and environmental point of view. Finally, the “what” depends on several factors, such as the regulatory framework and the market involved. This paper contains suggestions for family firm managers, consultants and policymakers that are approaching corporate social responsibility (CSR) and non-financial reporting or sustainability disclosure overall, providing an overview of relevant factors influencing this transition process. This paper suggests a logical framework to combine these three elements of the debate as strictly interrelated to foster the sustainability performance disclosure of family firms.Sustainability performance disclosure and family businesses: a perspective article
Andrea Caccialanza
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

The deeper understanding of the disclosure of external and internal dynamics of family firms necessarily places the issue of sustainability as one of the most pressing needs from both a research and managerial perspective. Therefore, this perspective article contributes to the debate of sustainability performance disclosure in family firms, proposing a research agenda.

This study has organized the discussion around those elements that most significantly impact the propensity to disclose, with a specific focus on the interconnections and interrelations within them. The proposed research agenda is developed around three key elements: “how” firms disclose, “the reason why” they do it and “what” disclose of their performance(s).

To better understand “how” family firms should disclose their performance, it is suggested to engage in proactive stakeholder engagement to preserve long-term socioemotional wealth. “The reason why” for disclosure is still associated with the legitimization of family firms from an economic, social and environmental point of view. Finally, the “what” depends on several factors, such as the regulatory framework and the market involved.

This paper contains suggestions for family firm managers, consultants and policymakers that are approaching corporate social responsibility (CSR) and non-financial reporting or sustainability disclosure overall, providing an overview of relevant factors influencing this transition process.

This paper suggests a logical framework to combine these three elements of the debate as strictly interrelated to foster the sustainability performance disclosure of family firms.

]]>
Sustainability performance disclosure and family businesses: a perspective article10.1108/JFBM-10-2023-0250Journal of Family Business Management2024-02-28© 2024 Andrea CaccialanzaAndrea CaccialanzaJournal of Family Business Managementahead-of-printahead-of-print2024-02-2810.1108/JFBM-10-2023-0250https://www.emerald.com/insight/content/doi/10.1108/JFBM-10-2023-0250/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2024 Andrea Caccialanzahttp://creativecommons.org/licences/by/4.0/legalcode
Intersecting bonds: a perspective on polygamy's influence in Arab Middle East family firm successionhttps://www.emerald.com/insight/content/doi/10.1108/JFBM-10-2023-0251/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThe aim of this study is to explore and elucidate the influence of polygamy on the succession dynamics of family businesses in the Arab world, offering insights that may be underrepresented or overlooked in traditional, Western-focused literature. This article adopts a perspective-based approach, focusing on delving into the amalgamation of polygamous family structures and their implications on the operation and continuation of family-run businesses. Polygamy, while often primarily perceived as a cultural or religious tradition, wields substantial influence over various business facets. Notably, its presence can significantly shape business continuity, the methodologies behind succession planning and the overarching framework of corporate governance within Arab family businesses. This article offers a unique Middle Eastern lens, highlighting the underexplored intersection of polygamy and business succession. It strives to bridge the knowledge gap by addressing topics potentially sidelined in mainstream Western business research.Intersecting bonds: a perspective on polygamy's influence in Arab Middle East family firm succession
Moustafa Haj Youssef, Jahangir Wasim, Ioannis Christodoulou, Robert Reinhardt
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

The aim of this study is to explore and elucidate the influence of polygamy on the succession dynamics of family businesses in the Arab world, offering insights that may be underrepresented or overlooked in traditional, Western-focused literature.

This article adopts a perspective-based approach, focusing on delving into the amalgamation of polygamous family structures and their implications on the operation and continuation of family-run businesses.

Polygamy, while often primarily perceived as a cultural or religious tradition, wields substantial influence over various business facets. Notably, its presence can significantly shape business continuity, the methodologies behind succession planning and the overarching framework of corporate governance within Arab family businesses.

This article offers a unique Middle Eastern lens, highlighting the underexplored intersection of polygamy and business succession. It strives to bridge the knowledge gap by addressing topics potentially sidelined in mainstream Western business research.

]]>
Intersecting bonds: a perspective on polygamy's influence in Arab Middle East family firm succession10.1108/JFBM-10-2023-0251Journal of Family Business Management2024-01-04© 2023 Emerald Publishing LimitedMoustafa Haj YoussefJahangir WasimIoannis ChristodoulouRobert ReinhardtJournal of Family Business Managementahead-of-printahead-of-print2024-01-0410.1108/JFBM-10-2023-0251https://www.emerald.com/insight/content/doi/10.1108/JFBM-10-2023-0251/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Emerald Publishing Limited
Environmental responsibility of family businesses: a perspective paperhttps://www.emerald.com/insight/content/doi/10.1108/JFBM-10-2023-0253/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThis perspective paper explores ongoing research into stimuli that promote environmental responsibility in family business contexts. It also delineates emerging patterns and possible directions for future research within this domain. The authors synthesise, critically assess and integrate existing research to make current thinking about the environmental responsibility of family businesses more accessible to a wide range of readers. This paper offers a comprehensive overview of multifaceted triggers and sheds light on how they interact and influence the environmental performance of family businesses. The authors delve into family dynamics and values, examining how they enable a business to develop environmental responsibility practices. Simultaneously, the authors emphasise the importance of probing the impact of the macro environment within which family businesses operate, which either might incentivise or challenge their pursuit of environmental responsibility initiatives. The need to design a robust tool to measure the environmental consciousness of familiness, applicable to specific contextual settings, has been identified. Investigating how accounting and control systems act as supportive management tools to enhance the efficacy of overall corporate performance in family businesses is another area for future research. Moreover, examining these dynamics within the unique landscape of emerging economies offers a promising field of exploration. This article consolidates existing research on the environmental responsibility of family businesses and puts forward potential avenues for future research.Environmental responsibility of family businesses: a perspective paper
Chamila H. Dasanayaka, Nuwan Gunarathne, David F. Murphy
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

This perspective paper explores ongoing research into stimuli that promote environmental responsibility in family business contexts. It also delineates emerging patterns and possible directions for future research within this domain.

The authors synthesise, critically assess and integrate existing research to make current thinking about the environmental responsibility of family businesses more accessible to a wide range of readers.

This paper offers a comprehensive overview of multifaceted triggers and sheds light on how they interact and influence the environmental performance of family businesses. The authors delve into family dynamics and values, examining how they enable a business to develop environmental responsibility practices. Simultaneously, the authors emphasise the importance of probing the impact of the macro environment within which family businesses operate, which either might incentivise or challenge their pursuit of environmental responsibility initiatives. The need to design a robust tool to measure the environmental consciousness of familiness, applicable to specific contextual settings, has been identified. Investigating how accounting and control systems act as supportive management tools to enhance the efficacy of overall corporate performance in family businesses is another area for future research. Moreover, examining these dynamics within the unique landscape of emerging economies offers a promising field of exploration.

This article consolidates existing research on the environmental responsibility of family businesses and puts forward potential avenues for future research.

]]>
Environmental responsibility of family businesses: a perspective paper10.1108/JFBM-10-2023-0253Journal of Family Business Management2023-12-21© 2023 Emerald Publishing LimitedChamila H. DasanayakaNuwan GunarathneDavid F. MurphyJournal of Family Business Managementahead-of-printahead-of-print2023-12-2110.1108/JFBM-10-2023-0253https://www.emerald.com/insight/content/doi/10.1108/JFBM-10-2023-0253/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Emerald Publishing Limited
Generation Alpha and family business: a perspective articlehttps://www.emerald.com/insight/content/doi/10.1108/JFBM-10-2023-0259/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThis paper discusses the key features of Generation Alpha from the perspective of their implications for future family business. The signals perspective is used to review academic and non-academic literature to highlight the key features of Generation Alpha that can be relevant to family business. Extensive use of digital technology, perceptions of learning, work and a work–life balance and attitudes towards sustainability and social responsibility are the key features of Generation Alpha that hold significant implications for the strategies and operations of future family business. This is the first paper considering Generation Alpha in the context of future family business, which discusses the key features of this generation from the perspective of succession planning.Generation Alpha and family business: a perspective article
Didar Karatayev, Umidjon Matyakubov, Lyailya Mutaliyeva, Viachaslau Filimonau, Vladimir A. Ermolaev
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

This paper discusses the key features of Generation Alpha from the perspective of their implications for future family business.

The signals perspective is used to review academic and non-academic literature to highlight the key features of Generation Alpha that can be relevant to family business.

Extensive use of digital technology, perceptions of learning, work and a work–life balance and attitudes towards sustainability and social responsibility are the key features of Generation Alpha that hold significant implications for the strategies and operations of future family business.

This is the first paper considering Generation Alpha in the context of future family business, which discusses the key features of this generation from the perspective of succession planning.

]]>
Generation Alpha and family business: a perspective article10.1108/JFBM-10-2023-0259Journal of Family Business Management2023-11-28© 2023 Emerald Publishing LimitedDidar KaratayevUmidjon MatyakubovLyailya MutaliyevaViachaslau FilimonauVladimir A. ErmolaevJournal of Family Business Managementahead-of-printahead-of-print2023-11-2810.1108/JFBM-10-2023-0259https://www.emerald.com/insight/content/doi/10.1108/JFBM-10-2023-0259/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Emerald Publishing Limited
Analysis of trends that turn an entrepreneurship idea into a family business: an article in perspectivehttps://www.emerald.com/insight/content/doi/10.1108/JFBM-10-2023-0262/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThis article examines some of the trends that allow to understand and analyze the evolution of the idea of entrepreneurship to become a family business. This paper is based on systematic research. Around four current trends and four future trends are presented, which allow the authors to understand how the family of an entrepreneur influences in a direct and indirect way in their business, until even managing to transform that business into a family business through planning, organization, management and control exercised by several members of the family of the initial entrepreneur and his future generations in that company. This research makes it possible to identify some challenges and opportunities that family businesses must face, which arise from an enterprise and which can help them to have business success, covering part of the past, present and future of such organizations. In this way, this article synthesizes how family dynamics and business dynamics are intertwined through the influence of the family on an entrepreneur’s business model.Analysis of trends that turn an entrepreneurship idea into a family business: an article in perspective
Jose Andres Areiza-Padilla, Tatiana Galindo-Becerra, Iván Veas-González, Karla Barajas-Portas
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

This article examines some of the trends that allow to understand and analyze the evolution of the idea of entrepreneurship to become a family business.

This paper is based on systematic research.

Around four current trends and four future trends are presented, which allow the authors to understand how the family of an entrepreneur influences in a direct and indirect way in their business, until even managing to transform that business into a family business through planning, organization, management and control exercised by several members of the family of the initial entrepreneur and his future generations in that company.

This research makes it possible to identify some challenges and opportunities that family businesses must face, which arise from an enterprise and which can help them to have business success, covering part of the past, present and future of such organizations. In this way, this article synthesizes how family dynamics and business dynamics are intertwined through the influence of the family on an entrepreneur’s business model.

]]>
Analysis of trends that turn an entrepreneurship idea into a family business: an article in perspective10.1108/JFBM-10-2023-0262Journal of Family Business Management2023-12-18© 2023 Emerald Publishing LimitedJose Andres Areiza-PadillaTatiana Galindo-BecerraIván Veas-GonzálezKarla Barajas-PortasJournal of Family Business Managementahead-of-printahead-of-print2023-12-1810.1108/JFBM-10-2023-0262https://www.emerald.com/insight/content/doi/10.1108/JFBM-10-2023-0262/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Emerald Publishing Limited
Are family businesses more gender inclusive in leadership succession today? A perspective articlehttps://www.emerald.com/insight/content/doi/10.1108/JFBM-10-2023-0263/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThrough this exploration, this article seeks to contribute to facilitate a greater female participation in power and leadership positions in the context of succession by presenting perspectives in research and practical implications for both family firms and business families. Literature review of seminal work on women’s involvement in the leadership succession of family firms and systematic reviews related to the topic published in the last 15 years. Past research shows that the landscape of gender inclusion in the context of succession has evolved, offering women more access to leadership positions in family firms. Perceptions of women as invisible in business or playing emotional roles in the family, shifted to leaders, managing family business. However, access to leadership positions is not equitable to all regions and women leaders still face significant challenges to achieve legitimacy and recognition inside and outside the organisation. Future research should contribute to the enhancement of gender inclusion in leadership of family firms. Action research and interventions in both family firms and business families are ways to achieve this. This paper elaborates on new research avenues and provides practical insights into how to enhance gender inclusion in the context of succession at both business family and family firm’s realms.Are family businesses more gender inclusive in leadership succession today? A perspective article
Cristina Alvarado-Alvarez, Martin C. Euwema
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

Through this exploration, this article seeks to contribute to facilitate a greater female participation in power and leadership positions in the context of succession by presenting perspectives in research and practical implications for both family firms and business families.

Literature review of seminal work on women’s involvement in the leadership succession of family firms and systematic reviews related to the topic published in the last 15 years.

Past research shows that the landscape of gender inclusion in the context of succession has evolved, offering women more access to leadership positions in family firms. Perceptions of women as invisible in business or playing emotional roles in the family, shifted to leaders, managing family business. However, access to leadership positions is not equitable to all regions and women leaders still face significant challenges to achieve legitimacy and recognition inside and outside the organisation. Future research should contribute to the enhancement of gender inclusion in leadership of family firms. Action research and interventions in both family firms and business families are ways to achieve this.

This paper elaborates on new research avenues and provides practical insights into how to enhance gender inclusion in the context of succession at both business family and family firm’s realms.

]]>
Are family businesses more gender inclusive in leadership succession today? A perspective article10.1108/JFBM-10-2023-0263Journal of Family Business Management2024-02-21© 2024 Emerald Publishing LimitedCristina Alvarado-AlvarezMartin C. EuwemaJournal of Family Business Managementahead-of-printahead-of-print2024-02-2110.1108/JFBM-10-2023-0263https://www.emerald.com/insight/content/doi/10.1108/JFBM-10-2023-0263/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2024 Emerald Publishing Limited
The role of in-laws in family business continuity: a perspectivehttps://www.emerald.com/insight/content/doi/10.1108/JFBM-10-2023-0265/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThe purpose is to provide a brief summary on the current research development regarding the role of in-laws in family firms’ continuity. Additionally, I provide a perspective on the trends on the research regarding the in-laws involvement and influence in preparing future generations of family firms’ owners/managers. At the end, I conclude on what should be the relevant issues to be explored and researched in the future. In this paper, I review the literature on the role of in-laws on the family business continuity, particularly, I emphasize the involvement of in-laws in family firms. I found that this topic of family business continuity has not widely researched and the role of in-laws on the future of the family firm has been underestimated in the extant literature. I provide a brief summary on the trends related the involvement of in-laws in the family business continuity and, at the end, I give my conclusions on what should be a research agenda regarding this topic. Despite previous research, the question of the role of in-laws in family firms remains unanswered from the business-owning family perspective, nor from the in-laws’ perspective. The previous research has raised more questions on this topic. Clearly, the research landscape is vast, and scholars’ callings to find better ways to identify family members are totally justifiable. Based on the literature review, it can be argued that one of the topics with high potential for future research and development is related to the role of in-laws in the family business continuity, either because they are passively included as part of the family group, without acknowledgment on their involvement or because governance policies have formally excluded them. In this review, I highlight the influence of the in-laws in the family business continuity; particularly, their role in preparing future generations of family firms owners/managers and imprinting them with the family values, culture and believes.The role of in-laws in family business continuity: a perspective
John Rosso
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

The purpose is to provide a brief summary on the current research development regarding the role of in-laws in family firms’ continuity. Additionally, I provide a perspective on the trends on the research regarding the in-laws involvement and influence in preparing future generations of family firms’ owners/managers. At the end, I conclude on what should be the relevant issues to be explored and researched in the future.

In this paper, I review the literature on the role of in-laws on the family business continuity, particularly, I emphasize the involvement of in-laws in family firms. I found that this topic of family business continuity has not widely researched and the role of in-laws on the future of the family firm has been underestimated in the extant literature. I provide a brief summary on the trends related the involvement of in-laws in the family business continuity and, at the end, I give my conclusions on what should be a research agenda regarding this topic.

Despite previous research, the question of the role of in-laws in family firms remains unanswered from the business-owning family perspective, nor from the in-laws’ perspective. The previous research has raised more questions on this topic. Clearly, the research landscape is vast, and scholars’ callings to find better ways to identify family members are totally justifiable.

Based on the literature review, it can be argued that one of the topics with high potential for future research and development is related to the role of in-laws in the family business continuity, either because they are passively included as part of the family group, without acknowledgment on their involvement or because governance policies have formally excluded them. In this review, I highlight the influence of the in-laws in the family business continuity; particularly, their role in preparing future generations of family firms owners/managers and imprinting them with the family values, culture and believes.

]]>
The role of in-laws in family business continuity: a perspective10.1108/JFBM-10-2023-0265Journal of Family Business Management2024-02-27© 2024 Emerald Publishing LimitedJohn RossoJournal of Family Business Managementahead-of-printahead-of-print2024-02-2710.1108/JFBM-10-2023-0265https://www.emerald.com/insight/content/doi/10.1108/JFBM-10-2023-0265/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2024 Emerald Publishing Limited
Dynamic capabilities and family businesses: a perspective articlehttps://www.emerald.com/insight/content/doi/10.1108/JFBM-10-2023-0269/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThe individual perspective of dynamic capabilities and family firms could be useful to shed light on the relationship between these topics, considering not only the heterogeneity of family businesses but above all the diversity of their collaborators, highlighting the underlying elements through which these firms are sustained. This paper is based on systematic research, considering the most relevant literature about dynamic capabilities and family firms. Findings highlight the individual perspective of dynamic capabilities and family firms, where we identify the main elements that family businesses must be aware of to be more innovative: high knowledge management/social capital, high entrepreneurial mindset/orientation, high tradition (retrospective and prospective), high empowering leadership, high next generation involvement, extended SEW (long-term perspective), risk-neutral, low conservative/inertia/paternalism and low emotionally attached. The paper analyzes relevant studies on dynamic capabilities and family firms, proposing a research agenda with questions for further inquiries that cover inertia, paternalism, digital transformation and the individual perspective of dynamic capabilities and family firms. In addition, the authors provide practical implications for these topics.Dynamic capabilities and family businesses: a perspective article
Victor Wilfredo Bohorquez-Lopez, Paula Andrea García-Ortiz, Christiam Méndez-Lazarte
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

The individual perspective of dynamic capabilities and family firms could be useful to shed light on the relationship between these topics, considering not only the heterogeneity of family businesses but above all the diversity of their collaborators, highlighting the underlying elements through which these firms are sustained.

This paper is based on systematic research, considering the most relevant literature about dynamic capabilities and family firms.

Findings highlight the individual perspective of dynamic capabilities and family firms, where we identify the main elements that family businesses must be aware of to be more innovative: high knowledge management/social capital, high entrepreneurial mindset/orientation, high tradition (retrospective and prospective), high empowering leadership, high next generation involvement, extended SEW (long-term perspective), risk-neutral, low conservative/inertia/paternalism and low emotionally attached.

The paper analyzes relevant studies on dynamic capabilities and family firms, proposing a research agenda with questions for further inquiries that cover inertia, paternalism, digital transformation and the individual perspective of dynamic capabilities and family firms. In addition, the authors provide practical implications for these topics.

]]>
Dynamic capabilities and family businesses: a perspective article10.1108/JFBM-10-2023-0269Journal of Family Business Management2024-02-20© 2024 Emerald Publishing LimitedVictor Wilfredo Bohorquez-LopezPaula Andrea García-OrtizChristiam Méndez-LazarteJournal of Family Business Managementahead-of-printahead-of-print2024-02-2010.1108/JFBM-10-2023-0269https://www.emerald.com/insight/content/doi/10.1108/JFBM-10-2023-0269/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2024 Emerald Publishing Limited
Nurturing family business resilience through strategic supply chain managementhttps://www.emerald.com/insight/content/doi/10.1108/JFBM-11-2023-0272/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThe study aspires to enhance comprehension of the intricate interplay between supply chain management (SCM) and resilience in family businesses, thereby offering valuable insights to managers and policymakers endeavouring to foster resilience in uncertain environments. Commencing from the premise that family businesses (FBs) prioritize the preservation of socio-emotional wealth (SEW) when formulating strategic decisions, this study endeavours to advance understanding of supply chain practices adopted by FBs and their direct impact on resilience during crisis situations or economically challenging periods. Through an exploratory case study of nine FBs, the present research reveals four pivotal strategies in SCM that contribute to their resilience: (i) reorganization of inventory management; (ii) cultivating close relationships with suppliers; (iii) emphasizing product quality and customer retention; and (iv) implementing cost reduction measures to bolster resilience. The aim of the study is to provide an in-depth understanding of the intricate interplay between SCM and resilience in FBs, thereby offering valuable insights to managers and policymakers endeavouring to foster resilience in uncertain environments. Our approach offers a theoretical framework for SCM aligned with prior research on the interplay between characteristics of family businesses and resilience strategies. Furthermore, this paper illustrates how factors such as the emphasis on high-quality products and services by family businesses contribute to achieving non-economic objectives that owners adopt to reconcile family and business needs, creating intrinsic added value for the company. It reveals various challenges in SCM, including inventory organization changes, supplier closures and the significance of customer retention. Family businesses are implementing product and technology enhancements and leveraging digitization to enhance supply chain processes. This paper contributes significantly to the field of FBs by highlighting the crucial role of SCM in enhancing business resilience during crises. It empirically examines how the SEW characteristics of FBs influence the reconfiguration of their supply chains to enhance resilience, presenting a theoretical model for this context. Our theoretical framework employs an SEW perspective to elucidate how FBs respond to the challenges posed by the COVID-19 pandemic by adapting their SCM processes to safeguard their social and emotional legitimacy, organizational visibility and reputation. These adaptations gain particular relevance during crises or turbulent conditions, potentially leading to alterations in how FBs formulate their supply chain strategies and manage supply chain-related processes.Nurturing family business resilience through strategic supply chain management
Aina Pont, Alexandra Simon
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

The study aspires to enhance comprehension of the intricate interplay between supply chain management (SCM) and resilience in family businesses, thereby offering valuable insights to managers and policymakers endeavouring to foster resilience in uncertain environments.

Commencing from the premise that family businesses (FBs) prioritize the preservation of socio-emotional wealth (SEW) when formulating strategic decisions, this study endeavours to advance understanding of supply chain practices adopted by FBs and their direct impact on resilience during crisis situations or economically challenging periods. Through an exploratory case study of nine FBs, the present research reveals four pivotal strategies in SCM that contribute to their resilience: (i) reorganization of inventory management; (ii) cultivating close relationships with suppliers; (iii) emphasizing product quality and customer retention; and (iv) implementing cost reduction measures to bolster resilience. The aim of the study is to provide an in-depth understanding of the intricate interplay between SCM and resilience in FBs, thereby offering valuable insights to managers and policymakers endeavouring to foster resilience in uncertain environments.

Our approach offers a theoretical framework for SCM aligned with prior research on the interplay between characteristics of family businesses and resilience strategies. Furthermore, this paper illustrates how factors such as the emphasis on high-quality products and services by family businesses contribute to achieving non-economic objectives that owners adopt to reconcile family and business needs, creating intrinsic added value for the company. It reveals various challenges in SCM, including inventory organization changes, supplier closures and the significance of customer retention. Family businesses are implementing product and technology enhancements and leveraging digitization to enhance supply chain processes.

This paper contributes significantly to the field of FBs by highlighting the crucial role of SCM in enhancing business resilience during crises. It empirically examines how the SEW characteristics of FBs influence the reconfiguration of their supply chains to enhance resilience, presenting a theoretical model for this context. Our theoretical framework employs an SEW perspective to elucidate how FBs respond to the challenges posed by the COVID-19 pandemic by adapting their SCM processes to safeguard their social and emotional legitimacy, organizational visibility and reputation. These adaptations gain particular relevance during crises or turbulent conditions, potentially leading to alterations in how FBs formulate their supply chain strategies and manage supply chain-related processes.

]]>
Nurturing family business resilience through strategic supply chain management10.1108/JFBM-11-2023-0272Journal of Family Business Management2024-03-21© 2024 Aina Pont and Alexandra SimonAina PontAlexandra SimonJournal of Family Business Managementahead-of-printahead-of-print2024-03-2110.1108/JFBM-11-2023-0272https://www.emerald.com/insight/content/doi/10.1108/JFBM-11-2023-0272/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2024 Aina Pont and Alexandra Simonhttp://creativecommons.org/licences/by/4.0/legalcode
Regional development and family business: a perspective articlehttps://www.emerald.com/insight/content/doi/10.1108/JFBM-11-2023-0285/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThis perspective article aims to summarise the understanding of the link between regional development and family business and explore potential pathways for further investigations. This study employed a scoping review methodology which attempts to explore a new topic of study and unveil its main concepts and relationships. This study emphasises the need to enhance the cross-fertilisation of knowledge to bridge the gap between studies on regional development and family business. In addition to the traditional research pathways towards discerning the impact of formal and informal institutional contexts and economic and geographical locations on family business behaviour and performance, this perspective article encourages future researchers to delve into the regional-level mechanisms through which family businesses can influence and contribute to regional economic and social outcomes. This perspective study employs a context theorising lens to examine the connection between regional development and family business.Regional development and family business: a perspective article
Rodrigo Basco
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

This perspective article aims to summarise the understanding of the link between regional development and family business and explore potential pathways for further investigations.

This study employed a scoping review methodology which attempts to explore a new topic of study and unveil its main concepts and relationships.

This study emphasises the need to enhance the cross-fertilisation of knowledge to bridge the gap between studies on regional development and family business. In addition to the traditional research pathways towards discerning the impact of formal and informal institutional contexts and economic and geographical locations on family business behaviour and performance, this perspective article encourages future researchers to delve into the regional-level mechanisms through which family businesses can influence and contribute to regional economic and social outcomes.

This perspective study employs a context theorising lens to examine the connection between regional development and family business.

]]>
Regional development and family business: a perspective article10.1108/JFBM-11-2023-0285Journal of Family Business Management2024-01-08© 2023 Emerald Publishing LimitedRodrigo BascoJournal of Family Business Managementahead-of-printahead-of-print2024-01-0810.1108/JFBM-11-2023-0285https://www.emerald.com/insight/content/doi/10.1108/JFBM-11-2023-0285/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2023 Emerald Publishing Limited
European family business owners: what factors affect their job satisfaction?https://www.emerald.com/insight/content/doi/10.1108/JFBM-12-2023-0303/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatestThis research aims to better understand the factors and determinants that shape the job satisfaction of European family business owners. The study is based on a unique sample of 11,362 European family business owners surveyed within the European Union Labour Force Survey (EU LFS) framework, and the main findings were obtained by estimating ordered logistic regression models. The authors show that only 26.8% of European family business owners are women, which underlines the gender imbalance in family business ownership, and the authors' results also report that their job satisfaction is significantly lower compared to males. The authors also find the highest job satisfaction amongst family business owners with master-level degrees and point out several interesting statistically significant differences across the industry focus of the family business. This research contributes to the body of knowledge on the job satisfaction of family business owners by conducting a large-scale study based on a statistically representative sample of European respondents.European family business owners: what factors affect their job satisfaction?
Ondřej Dvouletý, Marko Orel, David Anthony Procházka
Journal of Family Business Management, Vol. ahead-of-print, No. ahead-of-print, pp.-

This research aims to better understand the factors and determinants that shape the job satisfaction of European family business owners.

The study is based on a unique sample of 11,362 European family business owners surveyed within the European Union Labour Force Survey (EU LFS) framework, and the main findings were obtained by estimating ordered logistic regression models.

The authors show that only 26.8% of European family business owners are women, which underlines the gender imbalance in family business ownership, and the authors' results also report that their job satisfaction is significantly lower compared to males. The authors also find the highest job satisfaction amongst family business owners with master-level degrees and point out several interesting statistically significant differences across the industry focus of the family business.

This research contributes to the body of knowledge on the job satisfaction of family business owners by conducting a large-scale study based on a statistically representative sample of European respondents.

]]>
European family business owners: what factors affect their job satisfaction?10.1108/JFBM-12-2023-0303Journal of Family Business Management2024-01-16© 2024 Ondřej Dvouletý, Marko Orel and David Anthony ProcházkaOndřej DvouletýMarko OrelDavid Anthony ProcházkaJournal of Family Business Managementahead-of-printahead-of-print2024-01-1610.1108/JFBM-12-2023-0303https://www.emerald.com/insight/content/doi/10.1108/JFBM-12-2023-0303/full/html?utm_source=rss&utm_medium=feed&utm_campaign=rss_journalLatest© 2024 Ondřej Dvouletý, Marko Orel and David Anthony Procházkahttp://creativecommons.org/licences/by/4.0/legalcode