Search results for "Family business"
showing 10 items of 104 documents
The Psychological Foundations of Management in Family Firms: Emotions, Memories, and Experiences
2021
Exploring the psychological foundations of management in family firms is necessary to understand why they formulate and implement strategies differently from nonfamily firms, and why and how family firm behavior varies across different family firms. Picone et al. (2021. The psychological foundations of management in family firms: Values, biases, and heuristics. Family Business Review, 34(1), 12-32) have proposed a conceptual framework for the psychological foundations of management in family business, examining how the values, biases, and heuristics of family firm members affect strategic decision-making and family firm outcomes. Drawing on this framework, we examine emotions, memories, an…
Financial Structure of the Family Business: Evidence From a Group of Small Spanish Firms
2007
This article presents empirical evidence on the determinants of the financial behavior of small family businesses and their differences from nonfamily small businesses. Taking into account two consolidated financial approaches, (1) the trade-off theory and (2) the pecking order theory, several hypotheses on the financial behavior of both groups of firms have been tested. By estimating these models through panel data methodology, using a sample of Spanish family businesses together with another control group of nonfamily businesses, we have obtained results confirming that a business's family nature does lead it to employ financial policy different from the rest of businesses. Furthermore, …
Students’ Perceptions of Family Entrepreneurship – A Study on Family Business Academic Education
2010
L’objectif de cette recherche est d’analyser les points de vue d’étudiants universitaires envers la condition des entrepreneurs. Le fond théorique analyse l’interaction entre l’entreprise familiale, le propriétaireship, et l’éducation sur la condition des entrepreneurs. 211 étudiants de l’Université de Jyväskylä ont participé à cette étude pendant le cours fondamental de Basic business studies appelé “Introduction to Entrepreneurship and Business Operations” en septembre 2007. 143 d’entre eux ont écrit un essai d’une page, soit en finnois soit en anglais, sur les entreprises familiales et les propriétaires familiales. Les étudiants ont écrit sur le phénomène avec leurs propres mots. Les rés…
Non-family employees in small family business succession: the case of psychological ownership
2013
This study is analysing non-family employees' perceptions on psychological ownership during the family business succession process. Three small family companies were chosen for the multiple case studies. The results of this study show that non-family employees are participating on the small family business succession and they do possess a strong psychological ownership towards the family business, their own work, and the founder generation. Non-family employees recognise the changing management and leadership in successions. Non-family employees' psychological ownership increases in succession. This has got influence on commitment and well being in unique way according to personal character…
The CEO autonomy–stewardship behavior relationship in family firms: The mediating role of psychological ownership
2014
Abstract This study investigates the relationship between a family business CEO's autonomy and stewardship behavior. Building on psychological ownership theory, we argue that psychological ownership mediates the autonomy–stewardship relationship. In contrast to prior studies, we differentiate between individual-oriented and collective-oriented psychological ownership as two distinct dimensions of individual psychological ownership. Our results reveal that CEO autonomy is an important determinant of stewardship behavior and that this relationship is only mediated by individual-oriented psychological ownership. Moreover, both individual-oriented and collective-oriented psychological ownership…
The internationalization of family businesses: A review of extant research
2010
Abstract Among family businesses (FBs) internationalization has become a strategy for growth, and sometimes even for survival. This review article presents an analysis conducted on 25 refereed journal articles on FB internationalization. The articles typically portrayed the internationalization of FBs as a sequential process following the Uppsala model of internationalization; by contrast, some FBs were regarded as “born-again” global firms. In methodological terms, most of the articles focused on what-questions rather than why/how-questions. The articles did not make much use of internationalization or FB-specific theories. Our study takes a step towards clarifying the following issues: (i…
In search of family business continuity: the case of transgenerational family entrepreneurship
2011
This qualitative case study analyses continuity of transgenerational entrepreneurship in the family business. Transgenerational entrepreneurship is based on multigenerational, and in this particular firm, on the founder and next generation, business activities in the same family business. Methodologically, the data was collected by interviewing members of two generations of Imagon Ltd.; the founder, and his sons. Imagon Ltd. shows signs of transgenerational continuity. It did not start off that way in the founder’s mind; his desire was just to work for himself and fulfil his own visions. It was only much later that the prospect of defining his company as a family business entered the pictur…
Entrepreneurial leadership and familiness as resources for strategic entrepreneurship
2012
PurposeThis paper seeks to investigate how familiness and entrepreneurial leadership are related to each other in family firms. Familiness and entrepreneurial leadership are viewed as resources for strategic entrepreneurship. The aim of the paper is to shed light on familiness in three family firms and contribute to the field's growing body of work.Design/methodology/approachThe paper employs a case study method. The interviewees were interviewed by theme questions and secondary information was gathered to strengthen the empirical section. Qualitative interpretation of empirical data was used.FindingsThe findings demonstrate the variety of familiness and entrepreneurial leadership within fa…
Resultado económico y de empleo en las organizaciones sociales de origen familiar
2018
La Unión Europea ha apostado por el modelo de empresa social como una herramienta para corregir los desequilibrios socioeconómicos en los países miembros. En el contexto de la economía española, las organizaciones familiares destacan debido a su fuerte presencia y apoyo. El objetivo de este trabajo es estudiar la relación entre el rendimiento económico y el nivel de empleo, como indicador de impacto social, en las organizaciones aragonesas de origen familiar, así como las diferencias en esta interacción cuando la forma lucrativa o no lucrativa de la estructura formada por la unidad familiar se introduce como variable moderadora. Para ello, se obtuvo una muestra de 2.931 empresas y 117 funda…