6533b821fe1ef96bd127b055
RESEARCH PRODUCT
Improving the likelihood of SME survival during financial and economic crises: The importance of TMTs and family ownership for ambidexterity
Vicente SafónConsuelo DolzMaría Iborrasubject
Family ownershipSurvival05 social sciencesSMEM10Context (language use)General Medicinelcsh:BusinessOrganizational ambidexterity0502 economics and businessFinancial crisisddc:650050211 marketingBusinesslcsh:HF5001-6182050203 business & managementIndustrial organizationTop management teamDiversity (business)Ambidexteritydescription
In the context of an economic and financial crisis characterized by scarce munificence and high uncertainty, we examine the role of organizational ambidexterity in SMEs survival, and the TMT and ownership characteristics that influence ambidexterity. Our analysis of Spanish manufacturing SMEs in the context of an international economic crisis suggests that: (1) firm survival is associated with ambidexterity; (2) diversity in TMT tenure improves firm ambidexterity and (3) a negative effect exists between family ownership and ambidexterity, but (4) a positive effect exists between family ownership and survival.This study contributes to our understanding of the antecedents of SME ambidexterity by providing a theoretical model that combines the arguments of upper-echelons theory with those found in family-firm research offering an extended view of corporate elites in SMEs. Our research highlights and provides support to the superiority of ambidexterity for survival under external (crisis) and internal (SMEs) restrictions. JEL classification: M10, Keywords: Survival, SME, Top management team, Family ownership, Organizational ambidexterity
| year | journal | country | edition | language |
|---|---|---|---|---|
| 2019-04-01 | Business Research Quarterly |