Search results for "Family Busine"
showing 10 items of 108 documents
Conflict Management and Negotiation in Family Business Succession: Critical Literature Review and research agenda
2017
This paper intends to stimulate a serious debate on the topic of conflict in family businesses and the theory of negotiation as a tool to resolve these conflicts. The methodology is based on the collection and systematization of the main literature on these topics. The study results show that, despite the literature on conflict management is highly developed as well as literature on family business, scholars and researchers have not yet deepened several areas of conflict management in family businesses, so the two fields of literature are yet not well integrated. The paper then proposes a research agenda identifying the issues and research gaps that should be explored by researchers in orde…
When intentions turn into action: pathways to successful firm performance
2021
Entrepreneurship brings wealth to nations and contributes to their economic growth. People can take many paths to become entrepreneurs. Some join the family business, whilst others are born entrepreneurs, letting their innate intuition lead them into firm creation. For many, though, being able to learn and acquire the right skills is critical for a successful career as an entrepreneur. Like other human capital factors, entrepreneurial skills can be acquired. In today’s fast-changing society, it is of utmost importance for entrepreneurs not only to gain these skills but also to be surrounded by a supportive environment that will (1) guide them in the creation of their business idea and (2) h…
Conflicts and Negotiations in the Intergenerational Succession of Family Firms: A Literature Review.
2019
This chapter intends to stimulate a serious debate on the topic of conflict in family businesses and the theory of negotiation as a tool to resolve these conflicts. The methodology is based on the survey of the main literature on these topics. Despite the literature on conflict management is highly developed as well as the literature in family business, scholars and researchers have not yet deepened several areas of conflict management in family businesses, so the two fields of literature are yet not well integrated, showing a potential for future research avenues. We then propose a research agenda identifying the issues and research gaps that should be explored by researchers to reach a de…
The Role of Pluriactivity for Continuity and Survival in Family Farm Firms
2014
Our study focuses on family farm firms as an important and yet under-researched type of family firms. We explore the entrepreneurial growth behavior in the context of family farm firms by focusing on the role of pluriactivity. By integrating the literature of family business strategies, EO, and growth intentions, this study of 1618 Finnish family farms seeks to understand the idea of pluriactivity as a strategic orientation of family farm firms leading towards the growth and renewal of their prevailing and future domains. Our study revealed that pluriactivity is associated with growthorientation and perceived strengths of the family farm firms. We identified four types of growth groups (Est…
A study of emotions in the family business succession
2013
The aim of this paper is to analyze the family business literature in order to find out how emotions are studied in the context of family business succession. Methodologically, the data was collected by reviewing the chosen literature. The object is to search how the concept of emotions is understood in the succession process and what definitions of emotions there can be found in the literature. Based on the literature from the field of family business there is conducted a concept analysis. Accordingly the research question guiding this study is: How emotions in the succession process are studied and understood in the literature of family business field? To be able to find answer to this qu…
When does family involvement produce superior performance in SME family business?
2016
Abstract This study analyzes how family involvement leads to high performance in SME-family businesses (SME-FB). This research considers family involvement in management and firm governance, development of family governance, firm size, generations in FB, and ownership concentration. Results show three combinations that lead to high performance: 1) a large-enough SME-FB with a family CEO and a board with significant presence of non-family directors; 2) a large-enough SME-FB in its first generation, without family government structures, and that a non-familial top managerial team runs; 3) a large-enough SME-FB with low ownership concentration and family governance structures.
Managerial Capabilities in the Family Tourist Business: Is Professionalization the Key to Their Development?
2021
The main objective of this paper is to analyze the elements of the particular governance structure of the family business and the involvement of the family in the business in order to verify its effects on managerial capabilities. Likewise, professionalization in this type of company will be studied as a moderating variable. To address this analysis, the Resource and Capabilities Based-View and the Agency Theory will be taken as a basis. The empirical study is carried out on a base of 591 Spanish tourism companies using a multiple linear regression analysis. The results show that many of the peculiar characteristics of the family business have a negative effect on their managerial skills, p…
Longitudinal approach to publicly held and privately owned family businesses : a financial analysis
2013
The main aim of this thesis is to examine the consequences of the 2007 financial crisis for family and non-family businesses and identify and understand what makes businesses sustainable and profitable even during bad macro-economic conditions. This financial crisis was one of the most significant since the Wall Street Crash of 1929. I will analyze selected companies’ financial statements before, during, and after 2007 financial crisis. My goal is to outline the advantages and disadvantages of family and non-family companies, and moreover, to see which ownership structure weathered the financial crisis better. The analysis in this paper is based on two companies’ financial statements compar…
The Case Study in Family Business : An Analysis of Current Research Practices and Recommendations
2016
In this study, we identified and analyzed 75 articles in the family business (FB) literature between 2000 and 2014 as to the case study design they adopted. We found that the positivistic case study approach is the FB disciplinary convention. The two alternative approaches of critical realism and interpretivism are used to a significantly lesser extent. We anticipate that in the future the positivistic approach will continue to be used widely. The other two approaches can be employed to a higher extent since their use is likely to contribute to a scientific pluralism in FB case study research.