1,722,196 research outputs found
Exploring the effect of family control on the characteristics of SMEs in Northern Italy
Full text linkWe studied the effect of family control on the characteristics of small‐ and medium‐sized enterprises located in the Northern Italian province of Bergamo. The analysis included aspects such as demographic characteristics, cost and productivity of labour, financial ratios, and the performance of 745 SMEs. Family-controlled firms emerged as a predominant organizational type in almost all the industries and a number of relevant differences were found between family‐controlled and non‐family firms. In sum, family-controlled firms in our sample outperformed their non-family counterparts in terms of return on sales, return on equity and return on assets
Family involvement and procedural justice climate among nonfamily managers: the effects of affect, social identities, trust, and risk of non-reciprocity
No full textThis commentary elaborates on the paper by Barnett, Long, and Marler wherein they conceptualize the relationships between family involvement, family vision, exchange systems, and procedural justice climate among nonfamily managers. My elaboration places their conceptual model within the wider context of the affect theory of social exchange and offers two directions for extension based on social identity theory and a longitudinal perspective
Five things family businesses are reckoning with now
No full textFamily businesses everywhere are responding to Covid-19 in profound ways, balancing the need to preserve cherished family traditions and social capital against the mandate to control costs at a time of economic peril. In this video, also available here as a podcast, professors Mat Hughes and Alfredo De Massis talk about how the pandemic is forcing reckonings in five realms -- including succession, internal and external relationships, financial health versus social health, long-term orientation versus the need to adapt, and balancing future wealth against the need for more liquidity. De Massis also shares insights from his study of a resilient family that weathered four different catastrophes and emerged stronger from each one
Goal setting in family firms: goal diversity, social interactions, and collective commitment to family-centered goals
Full text linkGoal setting in family firms is very complex due to the interplay between family and business systems. However, this topic is largely overlooked in family business research. In this qualitative study of goals and goal formulation processes among 76 organizational members across 19 family firms, we identify goal diversity as a direct consequence of the overlap between the family, ownership, and business systems. We found that goal diversity is expressed more strongly in the proximity of generational transitions, triggering social interaction processes through which organizational members contrast their goals. Our findings suggest that different types of social interactions lead to different behaviors, with familial social interactions being more effective than professional social interactions in managing goal diversity toward the formation of collective commitment to family-centered goals
Mastering talent management in family offices - some insights from research and practice
Full text linkJust as important as the dynamics between family members are the people who support them. Peter Vogel and Alfredo De Massis provide an overview of the key characters and skillsets in effective family offices, drawing on their practical and academic backgrounds in this area. As family offices develop from start-ups to established entities, curating and maintaining talent will become an increasingly central consideration
The case study method in family business research : guidelines for qualitative scholarship
Full text linkIn this article we provide guidelines that are useful to family business researchers when deciding whether and how to use case studies and to reviewers and editors when evaluating case study work. Drawing on examples from our published qualitative research and the complementary insights from other case study work in the field, we offer general suggestions for choosing the case study design, defining the unit of analysis, selecting the cases (sampling), collecting information, analyzing information, presenting results and ensuring validity and reliability in research findings. By outlining the most important and distinctive challenges for family business qualitative scholars and establishing the relevance and usefulness of the case study method for generating new and valuable understandings of family businesses, the article attempts to move the family business field beyond its current state, encourages scholars to engage in case study method in high-quality family business research, and suggests important implications for scholars, reviewers and editors of case studies in the family business field
A study of best practices for succession management evidence from family firms
No full textThis book is focused on management succession in the context of family firms, i.e. the transition of leadership from one generation to the next, and reports the results of an exploratory analysis conducted in the early stage of the author's research on this topic. It is based on a multiple case-study of the managerial practices adopted in successful and unsuccessful successions, and provides an attempt to increase our understanding of how the process of succession in family firms can be successfully managed
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