1,721,005 research outputs found
Information asymmetries in intrafamily business succession
Full text linkThe often long-lasting process of intrafamily business succession involves contracts for management and ownership transfer that unfold in a complex series of stages. The older and larger a family business, the more heterogeneous the involved family members’ interactions and interests can become. These differences become obvious in the succession process. Also, in entrepreneurial families, information is not easy to obtain and is neither perfect nor unlimited, for example, with regard to expectations regarding the duration or the type of business succession. Information asymmetries can arise. This article investigates the drivers of information asymmetries and provides insight into the current research by investigating information asymmetries and their impact during different phases of intrafamily business succession. Data from 215 German firms reveal the occurrence of specific information asymmetries during different phases of intrafamily business succession
Am I what I am? Insights on the Self-Identity of Descendants of Family Βusiness Owners
No full textBased on social identity theory, the present research sets out to shed light on the self-identity development of descendants of family business owners and the consequences of this identity development. Within family businesses three overlapping systems, which can also be understood as groups, exist. We pose that the perceived membership of these groups influences the self-identity of young adults in the context of the family business. The self-identity of potential successors is investigated in a culture-specific context. In German, the concept “Unternehmerkind” exists, which literally translates into child of an entrepreneur. The concept hence contains aspects of different identities and group memberships. Our theoretical reasoning and empirical findings are linked to the culture-specific meaning of the concept “Unternehmerkind”. In our explorative study we investigate the self-identity of Unternehmerkinder with a sample of 173 German and Swiss-German young adults
Strategieprozesse in Familienunternehmen: Strategische Implikationen einer dynamischen Umwelt
No full textDas Schweizer Medizintechnik-Unternehmen Ypsomed hat die Nachfolge von der ersten in die zweite Generation erfolgreich realisiert. Der Gründer, ein innovativer Unternehmer, hat das Unternehmen vor allem durch die weltweit erste Insulinpumpe geprägt und vorangetrieben. Der Markt der Medizintechnik gerät immer stärker unter Druck. Die Digitalisierung verändert die Kundenanforderungen auch im Bereich des Gesundheitswesens. Der Familien-CEO steht vor der Entscheidung, wie sich das Unternehmen zukünftig aufstellen muss, um am Markt bestehen zu können und vor allem die Innovationsführerschaft nicht zu verlieren. Das unternehmerische Erbe des Gründers soll genauso erhalten bleiben wie die Innovations- und Erneuerungskraft des Unternehmens. Die Innovationsstrategie des Unternehmens soll offen für neue Ideen und Impulse sein, aber auch strukturierten Prozessen folgen. Da das Unternehmen an der Schweizer Börse gelistet ist, müssen auch die Shareholder, welche eine Internationalisierungsstrategie bevorzugen, berücksichtigt werden. Welche Maßnahmen des strategischen Managements genutzt werden können, um dieses Ziel zu erreichen, beschäftigt den Unternehmer und erfordert entsprechende Entscheidungen
Going Beyond Counting First Authors in Author Co-citation Analysis
Full text linkThe present study examines one of the fundamental aspects of author co-citation analysis (ACA) - the way co-citation
counts are defined. Co-citation counting provides the data on which all subsequent statistical analyses and mappings
are based, and we compare ACA results based on two different types of co-citation counting - the traditional type that
only counts the first one among a cited work's authors on the one hand and a non-traditional type that takes into
account the first 5 authors of a cited work on the other hand. Results indicate that the picture produced through this non-traditional author co-citation counting contains more coherent author groups and is therefore considerably clearer. However, this picture represents fewer specialties in the research field being studied than that produced through the traditional first-author co-citation counting when the same number of top-ranked authors is selected and analyzed. Reasons for these effects are discussed
In family firms we trust – Experimental evidence on the credibility of sustainability reporting: A replication study with extension
No full textThis study takes a fresh look at the credibility of corporate communication in family firms, as compared to corporate communication in non-family firms, in voluntary sustainability reporting. In his pioneering work Hsueh (2018) discovered that family firms suffer from a credibility disadvantage in terms of their sustainability reporting efforts, from the point of view of external stakeholders. This is called the ‘credibility gap’. This finding however is in stark contrast to the superior trust attribution of external stakeholders towards family firms in the general family firm literature. Our replication study shows that indeed, family firms do not suffer from a credibility gap compared to their non-family firm counterparts. In fact, in our experimental extension we can show that family firms, when perceived as such, are considered to be benevolent, which in turn increases the credibility of their sustainability reporting from an external perspective. Thus, contrary to the original study by Hsueh (2018), we suggest that family firms have a credibility advantage over non-family firms when it comes to their sustainability reporting. Furthermore, our results suggest that this credibility advantage remains, even when tested with specific stakeholder roles (customers, job-seekers), and that it ultimately influences their interactions with the firm positively
Structural, hierarchical, and temporal dimensions as shapers of the owner family identity
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