| 1. |
- Bjuggren, Per-Olof, et al.
(författare)
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Strategic Decision Making in Intergenerational Successions of Small- and Medium-Size Family-Owned Businesses
- 2001
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Ingår i: Family Business Review. - : SAGE Publications. - 0894-4865 .- 1741-6248. ; 14:1, s. 11-23
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Tidskriftsartikel (refereegranskat)abstract
- This paper deals with intergenerational successions of small and medium-size enterprises (SMEs). Entrepreneurs face an unavoidable succession dilemma: they must make either explicit or implicit strategic decisions about transitioning ownership of the family business. The main alternatives are to sell the company to someone outside the family or to make arrangements for an interfamily succession. In the latter case, there are many transition modes, e.g., through a gift of shares or a will. This paper uses decision trees to analyze intergenerational successions problems. One conclusion of the paper is that it is important for a society to provide a legal system that facilitates transitions of family companies within the family because the legal system will, among other positive factors connected with family businesses, preserve idiosyncratic knowledge of family character.
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| 2. |
- Chirico, Francesco, et al.
(författare)
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Knowledge integration and dynamic organizational adaptation in family firms
- 2008
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Ingår i: Family Business Review. - : SAGE Publications. - 0894-4865 .- 1741-6248. ; 21:2, s. 169-181
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Tidskriftsartikel (refereegranskat)abstract
- The speed of change in competitive environments has prompted firms to develop processes directed at enabling organizational adaptation. This is captured by the concept of dynamic capabilities. We focus on a particular form of business organization, that is, the family firm. Specifically, we argue that knowledge integration—a dynamic capability through which family members' specialized knowledge is recombined—guides the evolution of capabilities. We present a general framework illustrating factors that affect knowledge integration in family firms. We conclude that only those family firms that are able to effectively integrate individual family members' specialized knowledge will be successful in dynamic markets by changing their capabilities over time.
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| 3. |
- Hall, Annika, et al.
(författare)
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Entrepreneurship as Radical Change in the Family Business : Exploring the Role of Cultural Patterns
- 2001
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Ingår i: Family Business Review. - : SAGE Publications. - 0894-4865 .- 1741-6248. ; 14:3, s. 193-208
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Tidskriftsartikel (refereegranskat)abstract
- This article explores the relationship between organizational culture and the entrepreneurial process that is viewed as radical change in the context of the family business. Drawing on results from two in-depth family business case studies, the authors develop a conceptual model for understanding organizational culture and its impact on entrepreneurial activities. The model is built around the extent to which the culture is connected to one dominant family member or several family members, the degree of cultural explicitness, and the degree of cultural openness. It is argued that whereas some cultural patterns tend to preserve the traditional way of doing business, others tend to facilitate entrepreneurial change. The conclusion is that to support entrepreneurial processes, managers need to foster a process of high-order learning in which old cultural patterns are continuously questioned and changed. To accomplish this, the organizational culture needs to be highly explicit and open.
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| 4. |
- Hall, Annika, 1966-, et al.
(författare)
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Professional management in family businesses : Toward an extended understanding
- 2008
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Ingår i: Family Business Review. - : SAGE Publications. - 0894-4865 .- 1741-6248. ; 21:1, s. 51-69
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Tidskriftsartikel (refereegranskat)abstract
- Our purpose is to challenge the dominant meaning of professional management in family business research and to suggest an extended understanding of the concept. Based on a review of selected literature on professional management and with insights from cultural theory and symbolic interactionism, we draw on interpretive case research to argue that professional family business management rests on two competencies, formal and cultural, of which only the former is explicitly recognized in current family business literature. We elaborate on the meanings and implications of cultural competence and argue that without it a CEO of a family business is likely to work less effectively, no matter how good the formal qualifications and irrespective of family membership.
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| 5. |
- Bauweraerts, Jonathan, et al.
(författare)
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Socioemotional Wealth and Tax Aggressiveness in Private Family Firms : The Role of the CEO's Characteristics
- 2024
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Ingår i: Family Business Review. - : Sage Publications. - 0894-4865 .- 1741-6248.
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Tidskriftsartikel (refereegranskat)abstract
- Building on recent works calling for more tax research in the family business context, this study draws on the distinction between restricted and extended socioemotional wealth (SEW) to analyze how both SEW dimensions affect tax aggressiveness. Based on a sample of 201 private Belgian family firms, consistent findings from multiple regression analyses indicate that restricted SEW is positively related to tax aggressiveness, whereas extended SEW exerts a negative influence on tax aggressiveness. Our results also indicate that the family status of the CEO, CEO gender and CEO tenure moderate the relationship between both SEW dimensions and tax aggressiveness.
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| 6. |
- Bjuggren, Carl Magnus, et al.
(författare)
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A Note on Employment and GDP in Family-Owned Business : A Descriptive Analysis
- 2011
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Ingår i: Family Business Review. - : Wiley-Blackwell. - 0894-4865 .- 1741-6248. ; 24:4, s. 362-371
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Tidskriftsartikel (refereegranskat)abstract
- The Swedish government gathers information that helps identify family-owned businesses and enabled the authors to analyze every business in the economy over a longer period than has heretofore been reported. Using these data, the authors found that family-owned businesses account for up to one fourth of total employment and one fifth of gross domestic product in Sweden. These shares have increased over time due, in part, to economic policy. The authors compare their findings with other studies and suggest how Sweden and other governments might make family firm data more readily available for researchers.
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| 7. |
- Bjuggren, Carl Magnus, et al.
(författare)
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A note on employment and gross domestic product in Swedish family-owned businesses : a descriptive analysis
- 2011
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Ingår i: Family Business Review. - San Francisco : Family Firm Institute. - 0894-4865 .- 1741-6248. ; 24:4, s. 362-371
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Tidskriftsartikel (refereegranskat)abstract
- The Swedish government gathers information that helps identify family-owned businesses and enabled us to analyze every business in the economy over a longer period than has heretofore been reported. Using these data, we found that family-owned businesses account for up to one fourth of total employment and one fifth of GDP in Sweden. These shares have increased over time, due in part, to economic policy. We compare our findings with other studies and suggest how Sweden and other governments might make family firm data more readily available for researchers.
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| 8. |
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| 9. |
- Bjuggren, Per-Olof, 1948-, et al.
(författare)
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The Impact of Vote Differentiation on Investment Performance in Listed Family Firms
- 2010
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Ingår i: Family Business Review. - : Sage Publications. - 0894-4865 .- 1741-6248. ; 23:4, s. 327-340
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Tidskriftsartikel (refereegranskat)abstract
- This article investigates the effects of separation of ownership and control because of vote differentiation on listed family firms’ investment performance. The authors study the question of whether family-controlled firms have better investment performance than nonfamily firms and whether this investment performance is negatively affected by a separation of ownership and control because of vote differentiation. Marginal q is used as a performance measure. The empirical analysis shows that family control has a positive impact on investment performance when ownership and control are aligned, whereas separation of ownership and control in terms of vote-differentiated shares reduce investment performance.
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| 10. |
- Campopiano, Giovanna, et al.
(författare)
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Firm Philanthropy in Small- and Medium-Sized Family Firms: The Effects of Family Involvement in Ownership and Management
- 2014
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Ingår i: Family Business Review. - : SAGE Publications. - 0894-4865 .- 1741-6248. ; 27:3, s. 244-258
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Tidskriftsartikel (refereegranskat)abstract
- Drawing on stewardship theory and arguments in relation to social and reputational capital, this study investigates how family involvement affects engagement in firm philanthropy in small- and medium-sized family firms. Specifically, we argue that family involvement in ownership positively influences firm philanthropy while its interaction with family involvement in management produces a negative effect. Based on a sample of 130 Italian family firms, our findings offer important implications for theory and practice and pave the way for future research in the field of philanthropy in the family firm context.
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