Search results for " family firm"
showing 7 items of 7 documents
A dynamic panel study on digitalization and firm's agility: What drives agility in advanced economies 2009–2018
2021
Abstract Firm agility today is not a factor of competitiveness or success but a survival instrument on the market. Disruptive innovations and technological advancement, together with digitalization, change the role of firm agility. We show that the link between the national/industry level of digitalization and firm agility is statistically robust and essential. We study the link on data from 2009 to 2018 in fifteen EU advanced economies using dynamic panel data modeling. The digitalization impact level differs across firms by ownership type (family to non-family firms). Agility in family firms is strongly influenced by the national/industry level of digitization and investments in intangibl…
Influence of board of directors on firm performance: Analysis of family and non-family firms
2015
This article analyses how board structure can affect both financial and social performance, comparing family and non-family firms. Our theoretical framework is based on the integration of the agency theory, traditionally used in the analysis of the impact of the board on the firm's financial performance, with the stakeholder theory, which is more appropriate in the analysis of the social aspects of the firm. Three main aspects are addressed: the analysis of the firm's social performance; the integration of agency theory with stakeholder theory; and the study of the specific characteristics of family firms' boards. The research confirms that neither the agency theory nor the stakeholder theo…
Success factors of Polish family businesses
2017
This article presents the results of a study carried out among family businesses operating in Poland. It is intended to supplement previously generated knowledge in the area of the operation of family businesses in the specific socio-economic and legal conditions in Poland. The objective was to collate the opinions of entrepreneurs regarding the need for visibility of the family and the family business status in business relations and the marketing activities of enterprises. The data were collected using in-depth interviews with the Polish family business owners. This paper outlines the conclusion of the study with respect to success factors such as: the trust among the family members, flex…
The “Start-up a Business” Strategy in the Succession Process Planning at the Top of Family Firms.
2019
In small family firms, succession to the top is very critical stage of their lives. A high percentage of these firms do not survive their founder. When the successor takes the reins of the company, he has no experience and reputation. For this reason, he very often fails to allow the family firm to survive after its founder. Although many streams of research address succession in family businesses, significant gaps in the literature remain in the field of the strategies that can mitigate the vulnerability of the family firms when the old leader retires and a new leader takes the reins of the company. The underlying argument in this paper is: By starting up one’s own company some years befor…
Advising in family firms: shaping relational dynamics and trustful connections in strategy work
2022
The purpose of this article is to explore strategy advisors’ actions and interactions with family actors and nonfamily managers for strategy work in family businesses. By combining the strategy-as-practice perspective with the concept of emotional engagement practices, we interpret the case of a family firm collaborating with an external advisor over a 15-year period. We add to prior studies by showing how advisors work to build trustful and emotional connections that shape relational dynamics within evolving spaces of strategic discussion. We highlight the implications for strategy work, which change as relational dynamics develop over time.
The Internationalization of Family SMEs: A Literature Review and Research Agenda
2022
The chapter intends to stimulate a debate on the internationalization processes of small and medium-sized family businesses (family SMEs), which is a specific topic that business literature has only recently deepened. Several research works are dealing with internationalization strategies, but only a few studies focus on SMEs’ internationalization. The chapter aims to discuss the state of the art of the field, which seems to be increasingly explored by academics. Our focus was to identify the factors which can positively or negatively impact SMEs’ internationalization processes. Moreover, we intend to fill the research gap in terms of literature review on the field. The methodology is based…
Analysis of social performance and board of directors in family firms: evidence from quoted Italian companies
2013
'This is a very business-like book in its approach. It has an impressive global reach in its authorship, focal areas and use of evidence; it hits all the major practical challenges of family firms in a spirit that is fresh and current; and it deals with the cutting-edge themes and issues that are uppermost in the minds of owners, executives, advisors and researchers in the field.' - Nigel Nicholson, London Business School, UK, author, Managing the Human Animal, Family Wars and The 'I' of Leadership. © Kosmas X. Smyrnios, Panikkos Zata Poutziouris and Sanjay Goel 2013. All rights reserved.