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Book part
Publication date: 14 February 2022

Neus Feliu and Ivan Lansberg

What are the unique challenges for daughters who inherit ownership in family enterprise? How does their path to ownership influence their impact? What dilemmas are…

Abstract

What are the unique challenges for daughters who inherit ownership in family enterprise? How does their path to ownership influence their impact? What dilemmas are associated with their ownership roles? How can women best respond to the challenges of ownership? This chapter offers preliminary answers to these questions, including suggestions for enhancing the ability of women owners—especially daughters—to engage constructively with the businesses they inherit.

We focus on daughters serving in three distinctive roles: (1) as “operating owners” working in the family company and pursuing careers and leadership roles in management; (2) as “governing owners” serving as chairs or directors on the board of the business, or as members of other governance forums such as a family council, an owners’ council or the board of the family’s philanthropic foundation; and, (3) as “engaged owners” who are neither in operational or governance roles but are keenly connected to the enterprise’s success and continuity.

Our fundamental thesis is that the active participation of daughters as operating, governing or engaged owners enhances the continuity of the enterprise by expanding the pool of managerial and governing talent available to the business and by fostering inclusion, commitment and unity among the owners. We conclude by describing three interventions that can facilitate the dilemmas daughters face as owners and empower them to engage constructively with the family enterprise: (1) education, (2) mentorship and network support, and (3) well designed structures and roles.

Details

The Power of Inclusion in Family Business
Type: Book
ISBN: 978-1-80117-579-1

Keywords

Book part
Publication date: 28 November 2022

Mariana Zerón Félix

This study aims to contribute to the field of management sciences, within the theory of social entrepreneurship, by highlighting the characteristics of the family

Abstract

This study aims to contribute to the field of management sciences, within the theory of social entrepreneurship, by highlighting the characteristics of the family enterprise profile as a potential stakeholder with a social impact and which requires to be recognized as a social family enterprise. Because social enterprises tend to be disruptive, the family logic can be better understood, concerning their behaviors and decisions that seem illogical in traditional entrepreneurship, within social enterprises.

Article
Publication date: 18 April 2022

Md Jahidur Rahman, Jinru Ding, Md Moazzem Hossain and Eijaz Ahmed Khan

The main objective of this study is to examine the impact of the COVID-19 pandemic on earnings management practices in China using a sample of family and non-family

Abstract

Purpose

The main objective of this study is to examine the impact of the COVID-19 pandemic on earnings management practices in China using a sample of family and non-family enterprises. More specifically, this study aims to examine whether the COVID-19 pandemic causes variation in Chinese listed family and non-family enterprises' operations, as reflected in the level of real earnings management (REM).

Design/methodology/approach

This study uses three standardised REM indicators, namely, the abnormal level of cash flows from operations, the abnormal level of production costs and the abnormal level of discretionary expenses. Ordinary least squares (OLS) regressions are applied to compare the earnings management of Chinese family and non-family enterprises during the pre-pandemic period (2017–2019) and the pandemic period (2020).

Findings

The authors find that Chinese listed non-family enterprises tend to participate in more REM activities than family enterprises before the COVID-19 outbreak. However, the opposite is true during the pandemic. The authors also find that COVID-19 has increased the involvement of family and non-family enterprises in REM activities.

Originality/value

The results of previous studies based on REM using Chinese listed firms may not be applicable under the new social background of COVID-19. As the period after the COVID-19 outbreak is relatively recent, Chinese researchers have yet to study it comprehensively. The present study is amongst the first empirical attempts investigating the effect of a pandemic financial reporting by investigating whether and how the burst of the COVID-19 crisis affected financial reporting through the earnings management practices of listed Chinese family and non-family enterprises. Such information is crucial because it can provide analysis for all stakeholders to make better decisions.

Details

Journal of Family Business Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2043-6238

Keywords

Article
Publication date: 4 November 2021

Yupeng Xu, Bo Cheng and Fei Pan

Few studies have focused on the impact of conjugal control and non-conjugal control on the innovation capability of family firms. In the context of the relative lack of…

Abstract

Purpose

Few studies have focused on the impact of conjugal control and non-conjugal control on the innovation capability of family firms. In the context of the relative lack of research on the relationship between family firm heterogeneity and innovation ability, this study aims to focus on the differentiated impact of husband–wife-controlled family listed companies and non-husband–wife-controlled family listed companies on their innovation capabilities, which provides empirical evidence with more Chinese institutional and cultural characteristics for the development of corporate organizational management and innovation theories.

Design/methodology/approach

Taking all A-share listed family firms from 2007 to 2016 as the research sample, this paper examines the influence of spousal control on firm innovation level by empirical research method.

Findings

The empirical results show that compared with non-spousal-controlled family enterprises, spousal-controlled family enterprises have significant positive effects on the level of enterprise innovation. Further studies suggest that joint management of spousal-controlled family enterprises improves the level of innovation. Authority difference of the couple will weaken the innovation capacity. However, the wife’s professional skills can promote the innovation level.

Originality/value

Focusing on the characteristics of family internal structure and embedding marriage relationship in the enterprise organization, this paper investigates the influence of different characteristics of husband and wife and cooperation mode on enterprise innovation, and the conclusion enriches the theory of family business and family science, as well as provides important information reference for the stakeholder groups in the capital market.

Details

Nankai Business Review International, vol. 13 no. 1
Type: Research Article
ISSN: 2040-8749

Keywords

Article
Publication date: 6 March 2020

Alexei Tretiakov, Christian Felzensztein, Anne Marie Zwerg, Jason Paul Mika and Wayne Gordon Macpherson

To explore the cultural context of Indigenous family entrepreneurs and to apply to them the concept of n-Culturals, thus contributing to validating the concept.

Abstract

Purpose

To explore the cultural context of Indigenous family entrepreneurs and to apply to them the concept of n-Culturals, thus contributing to validating the concept.

Design/methodology/approach

Interview data collected from Wayuu entrepreneurs in La Guajira region of Colombia and from Māori entrepreneurs in the Rotorua region of New Zealand were analyzed qualitatively. The analysis primarily focused on Wayuu entrepreneurs, with the results for Māori entrepreneurs used for comparison, to help to interpret the Wayuu data.

Findings

For Wayuu entrepreneurs, family members play a range of crucial roles in enterprise operations, with the family and the kin-centered local Indigenous community emerging as an informal organization surrounding the enterprise. Family is the source of Indigenous culture, while the mainstream culture is centered on global Western business culture, rather than the culture of the country. The Indigenous entrepreneurs integrate the values of the two cultures in managing their enterprises, thus acting as n-Cultural. Māori entrepreneurs who managed enterprises with a strong Indigenous character were similar in this respect to Wayuu entrepreneurs.

Social implications

As n-Culturals integrating the values of Indigenous culture and the mainstream culture, Indigenous entrepreneurs develop valuable traits, becoming a valuable component of the human capital in their regions, even when their enterprises fail.

Originality/value

Existing research on multicultural individuals is largely limited to immigrants and expatriates. By characterizing Indigenous family entrepreneurs as n-Culturals, the present study contributes to validating the concept and opens the way for further research on how Indigenous entrepreneurs manage their multicultural identities.

Details

Cross Cultural & Strategic Management, vol. 27 no. 2
Type: Research Article
ISSN: 2059-5794

Keywords

Article
Publication date: 6 November 2017

Jun Ma, Xuan He, Lina Zhu, Xinchun Li and Ye Liu

This paper, from the perspective of based view of dynamic system, aims to take the family enterprise as a sample to articulate how the speed of institutional change…

Abstract

Purpose

This paper, from the perspective of based view of dynamic system, aims to take the family enterprise as a sample to articulate how the speed of institutional change affects the entrepreneur’s spirit collocation of family enterprises and investigate the moderating effects of the scale of enterprises as well.

Design/methodology/approach

This paper uses survey database from Chinese research of private enterprise group in 2010 with the ninth national large-scale private entrepreneurs, and the legal source of data comes from research center for Chinese family firm of Sun Yat-Sen University. A total of 4,900 questionnaires are issued, 4,614 are recovered and the total recovery rate is 94.16 per cent. In this paper, STATA12.0 is used for data processing and basic regression testing. To overcome the possible existence of the different variance problem, the authors use the feasible generalized least squares to estimate the model.

Findings

The speed of institutional change will lead to the reduction of unproductive activities and the increase of productive activities in the area where the speed of institutional change is slow. Meanwhile, the scale of enterprise can reverse the negative relationship between the speed of institutional change and unproductive activities. The speed of institutional change will lead to the reduction of unproductive activities and the increase of productive activities in the area where the speed of institutional change is fast. Meanwhile, the scale of enterprises can reverse the positive relationship between the speed of institutional change and the unproductive activities.

Originality/value

It can be concluded that because of the difference of the regional market, a positive U-type reflects the relationship between the speed of institutional change and the entrepreneur’s allocation of entrepreneurship in family firms, whereas the scale of enterprises plays a key role of nonlinear regulation. This research has a certain theoretical value and practical significance on the understanding of how family firms make strategic decisions in response to institutional change and it can further enrich the research results of entrepreneurship allocation theory and institutional change theory.

Details

Nankai Business Review International, vol. 8 no. 4
Type: Research Article
ISSN: 2040-8749

Keywords

Article
Publication date: 12 July 2022

Sumana Chaudhuri, Amit Kumar Agrawal, Sheshadri Chatterjee and Zahid Hussain

The purpose of this paper is to examine the influence of government support and technology usage on family business entrepreneurial intention. The paper also investigates…

Abstract

Purpose

The purpose of this paper is to examine the influence of government support and technology usage on family business entrepreneurial intention. The paper also investigates the moderating impacts of gender on the family business entrepreneurial intention with its two predictors.

Design/methodology/approach

This paper has used both resource-based view and dynamic capability view theory as well as literature on family business entrepreneurship to develop the theoretical model. Later, the theoretical model has been validated using structural equation modelling (CB-SEM) with respondents from Indian family business enterprises. This study has used a purposeful and convenience sampling approach.

Findings

This study has shown the significance of technology usage as well as government support to improve the family business enterprise. The study highlights that there is a moderating impact of gender on the relationship between government support and technology usage with entrepreneurial intention in family business.

Research limitations/implications

This study adds value towards body of literature in entrepreneurship, gender, and business, as well as family business literature. The study shows how gender acts as a moderator in case of family business entrepreneurship. The study is cross sectional in nature and has limited number of respondents from India. Thus, the findings cannot be generalizable.

Originality/value

This study is a unique study as it investigates the influence of both government support as well as technology usage by the family business firms for entrepreneurial intention. The proposed theoretical model has a high predictive power which makes the model effective. Moreover, this study also examines the moderating impacts of gender on entrepreneurial intention in the family business which adds value to the existing body of knowledge.

Details

Journal of Family Business Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2043-6238

Keywords

Article
Publication date: 15 May 2009

Mojca Duh, Polona Tominc and Miroslav Rebernik

The purpose of this paper is to establish whether succession problems in family businesses contribute to more modest growth aspirations compared to family businesses where…

6422

Abstract

Purpose

The purpose of this paper is to establish whether succession problems in family businesses contribute to more modest growth aspirations compared to family businesses where succession solutions are gained. It aims to focus especially on transition countries, where studies on this topic are very rare.

Design/methodology/approach

The main data source for the study was a telephone survey of 350 small to medium‐sized enterprises (SMEs) in Slovenia. To obtain population estimates, 95 percent confidence intervals were calculated. To test the differences in the case of two independent samples, the t‐test and χ2‐test were used. The general criterion for accepting the hypothesis that differences exist was the statistical signification at the 5 percent level (p< 0.05; two‐tailed).

Findings

The research shows that a high proportion of family enterprises in Slovenia are going to face the problem of succession in the near future. Research results also suggest that anticipation of an increase in the number of new jobs is higher, on average, among entrepreneurs in family enterprises that have gained succession solutions, compared to those that have not.

Research limitations/implications

It is very important for transition countries to continue with research and to regularly start collecting data on succession and start raising the awareness of family business owners about the importance of managers preparing succession on time. An extension of the research is also to establish whether, and to what extent, growth aspirations turn into the actual growth of ventures.

Originality/value

This is one of the first researches on the impact of unsolved succession problems on entrepreneurs' ambitions to grow their business in transition countries in general, with particular focus on the case of Slovenia.

Details

Journal of Small Business and Enterprise Development, vol. 16 no. 2
Type: Research Article
ISSN: 1462-6004

Keywords

Article
Publication date: 21 June 2011

Ferda Erdem and Sukru Erdem

The aim of this study is to determine the context of short‐ , medium‐ and long‐term functional strategies of small‐ and middle‐sized family businesses carrying on…

2653

Abstract

Purpose

The aim of this study is to determine the context of short‐ , medium‐ and long‐term functional strategies of small‐ and middle‐sized family businesses carrying on activities in different sectors, as well as to discuss the findings from the point of view of the strategic orientations required by global competition.

Design/methodology/approach

The data of this research, having explorative characteristics, were gathered from the 36 owners‐managers (from 111 people) who were leaders in constituting the strategies of their businesses. The survey used in the study consists of 32 items regarding management/human resource management, marketing, production, and finance functions. The data were evaluated with the descriptive and variance analyses.

Findings

The paper finds that the enterprises participating in this study apply or plan to apply, in the short term, institutionalism and customer‐focused strategies. However, financial problems limit the attempts for developing and growing, which creates a risk for the life cycle of the businesses which cannot grow up to the right scale in the right time. Another major concern pointed out in this study is that the enterprises whose owners/managers are the members of any commercial and social organization respond to innovations and change more rapidly.

Research limitations/implications

One of the main limitations of the study is that the owner/manager perceptions were the only source of data. The lack of a measure of the efficiency level of functional strategies and practices or performance of enterprises is the second limitation. On the other hand, the small sample size does not allow generalizations to be made.

Originality/value

This study evaluates the potential of strategic management of small and medium‐sized family businesses

Details

International Journal of Islamic and Middle Eastern Finance and Management, vol. 4 no. 2
Type: Research Article
ISSN: 1753-8394

Keywords

Article
Publication date: 19 September 2022

Anna Motylska-Kuzma, Izabela Szymanska and Krzysztof Safin

This paper investigates the impact of family influence measured by the F-PEC scale on private enterprise (both family firms and lone founders) leadership succession strategy.

Abstract

Purpose

This paper investigates the impact of family influence measured by the F-PEC scale on private enterprise (both family firms and lone founders) leadership succession strategy.

Design/methodology/approach

The research dataset is comprised of 390 private enterprises whose head offices were situated in the voivodeships of Lower Silesia and Wielkopolska in Poland. The authors collected data through CAPI (computer-assisted personal interviewing) method, as well as through comprehensive, structured interviews with company owners. Data were analysed using hierarchical logistic regression for each type of succession strategy.

Findings

The results suggest that increased family influence does not necessarily lead to intra-family leadership succession in private enterprises. Importantly, a range of findings contradicted authors' predictions. The relationship between the overall F-PEC scale values signifying the multi-faceted family influence over the business and the choice of internal successor was weakly negative for the total sample; also, the higher the overlap between family and business values and the higher the commitment to family business, as evidenced by the Culture subscale, the lower was the occurrence of intra-family successor choice in the population of lone founders. The Culture subscale also increased the prevalence of lack of succession planning in the sample of lone founders.

Originality/value

While several studies suggests that family firms may be more prone to choose an intra-family succession scenario, it remains unclear how lower levels of business and succession experience, may influence the successor choice. Indeed, some studies suggest that a strong family influence over a business, may stimulate family firms to choose a family outsider as a business leader. Therefore, the key contribution of this study is contextualizing the response to an ongoing succession debate. This study investigates the strategic choices of companies in the first generation of ownership operating in Poland, which serves as an example of a post-transition economy. While the characteristics of this economic environment may be unique, the authors discuss how the surprising findings may add to the understanding of the general succession processes present in private enterprises.

Details

Journal of Family Business Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2043-6238

Keywords

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