| 1. |
- Botero, Isabel, et al.
(författare)
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Socialization in family firms : A model of managing family firms across generations
- 2006
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Konferensbidrag (refereegranskat)abstract
- Research in the area of family business aims to understand three primary issues: (1) how family firms are different from non-family firms, (2) what the competitive advantages for family firms are, and (3) how families can transfer knowledge about their competitive advantage between generations. In this paper we use the concept of family firm capital to differentiate competitive advantages of family and non-family firms, and to clarify what are the different types of knowledge that are important to transfer across generations of families. We also borrow from the socialization literature to provide a framework to explain how knowledge can be transferred across family generations and family employees. We discuss this model and present potential implications for family business research.
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| 2. |
- Goel, Sanjay, et al.
(författare)
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Entrepreneurs, effectual logic and over-trust
- 2006
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Ingår i: Entrepreneurship. - : Blackwell. - 1042-2587 .- 1540-6520. ; 30:4, s. 477-493
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Tidskriftsartikel (refereegranskat)abstract
- This article complements extant literature on entrepreneurship and trust by proposing a model of over-trust (the tendency to trust more than what is warranted) using entrepreneurial characteristics and effectual logic. We trace how entrepreneurs following effectual processes may tend to over-trust. More formally, we propose that specific personality characteristics of the entrepreneur interact with effectual logic to make the entrepreneur more susceptible to over-trust. The proposed model is value neutral in that we do not imply that over-trust has negative consequences for entrepreneurs. In fact, it may be part of the overall risk that entrepreneurs assume in a new venture creation.
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| 3. |
- Goel, Sanjay, et al.
(författare)
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THE EFFECT OF DIFFUSION OF FOUNDING FAMILY INFLUENCE AND INSIDER HOLDING ON FIRM VALUE : THE MODERATING EFFECT OF PYRAMIDAL OWNERSHIP
- 2006
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Konferensbidrag (refereegranskat)abstract
- Insights from agency theory and the theory of altruism are used to empirically examine the relationship between founder descendant board membership and the market value of publicly traded firms in Norway, Sweden, and Spain. We argue that both economic incentives and positive altruism drive the board room behavior of persons associated with inherited wealth. Consequently, founder descendant board membership may reduce agency costs in public firms by ensuring the continuity of the founder’s strategic vision. We also hypothesize a non-linear relationship between insider holding and firm value in firms with a descendant board member, arguing that both market discipline and altruistic behavior can be key competitive advantage for family-influenced firms. We also hypothesize an efficiency based argument for a positive influence of pyramid ownership structures on the performance of firms with descendant board membership. This suggests that pyramids favor the creation of firm value in second and later generation family firms. Evidence from 254 firms in the three non-Anglo-American countries largely supports the presented hypotheses.
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| 4. |
- Goel, Sanjay, et al.
(författare)
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The role of emotions in entrepreneurial actions and imagination : A subjectivist perspective
- 2007
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Konferensbidrag (refereegranskat)abstract
- In spite of its significance in human behavior in general, the role of emotions has received little attention in entrepreneurship literature (Cardon et al. 2005). In this paper, we develop arguments linking specific emotions in elaborating entrepreneurial action and imagination. Our key assertion in this paper is that emotions interact with entrepreneurial actions and imagination to create and mobilize resources, reducing the need for predictive strategies. Thus, while emotions may underlie all human action, we assert that they play a crucial role in creating new resources via entrepreneurial imagination and action. Our premise is that entrepreneurial actions are based on expectations of the future (i.e. imagining future possibilities rather than extrapolating from the past) and jointly creating opportunities with an active interaction with other actors (potential stakeholders). While our paper is based on literature on emotions in economics and sociology (e.g. Barbalet, 1998; Collins, 1993; Pixley, 2002), that has categorized several different emotions and addressed the role of emotions in human action in general, in this abstract we focus on the three anticipatory emotions of confidence, and optimism/pessimism. We link these emotions to entrepreneurial actions, expectations, and imagination.
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| 5. |
- Goel, Sanjay
(författare)
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“Who are we as a board?” : Linking board’s identity to board behavior
- 2007
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Konferensbidrag (refereegranskat)abstract
- I use identity theory to conceptually develop board identities that help us explore and understand board behavior. I develop two specific board identities, which I label board’s organizational identity and board’s contextual identity and develop assertions about board behavior that can be expected based on these identities. A key contention is that each type of identity helps board conceptualize its role holistically and develop appropriate behavior routines, and a lack of a coherent and strong identity leads to poor discharge of board’s duties.
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| 6. |
- Heuvel, Jeroen van den, et al.
(författare)
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Family businesses as emotional arenas : The influence of family CEO’s empathy and external monitoring on the importance of family goals.
- 2007
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Konferensbidrag (refereegranskat)abstract
- Extant research has recognized the important role that emotions play in organizational processes and behaviour. We assert that family businesses would appear to be especially rich contexts in which emotions influence processes and behaviour, which could provide deeper insights into the workings of a family business firm. In this paper, we take a modest step by studying the influence of family firm CEOs` empathic concern – an affective emotion – on the importance that is placed on family-oriented goals. Additionally, since family goals sometimes conflict with business goals, we include the moderating effect of the presence of external board members, as a monitoring device, on the importance of family-oriented goals. The results show that a family firm CEO`s level of empathic concern has a positive influence on the importance that is placed on family-oriented goals. However, the presence of an external board of directors attenuates this relationship.
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| 7. |
- Karlsson, Bo, et al.
(författare)
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Gender Role of Corporate Governance in Swedish Gazelle Companies
- 2021
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Konferensbidrag (refereegranskat)abstract
- Corporate governance in Swedish publicly listed firms is known for the “Old boys’ network”. This paper examine qualitative aspects of board process on performance. We further test for number of women on board on performance. To further explore performance, we isolate findings to only so called high growth gazelle companies. We contribute to the research stream focusing on heterogeneous representation in corporate governance, specifically whether gender equality can enhance management accounting functions and financial performance. In line with this, we examine qualitative aspects of board composition and females on board and performance in gazelle companies in Sweden. This paper build upon a survey to 76 high growth companies in Sweden. We compare these to a stratified sample of 91 Swedish companies with sales>50 MSEK and 67 publicly listed companies. We regress on four dimensions of governance process on performance. We found based on an OLS regression that acting on authority and seeking consensus is strongly related to perceived performance. When further examining the same model and adding controls for number of females on the corporate board we found a significant negative effect. The latter may imply that more heterogeneous boards may also constrain the ease and efficiency in reaching decisions. We discuss our results and search for tentative explanations to this unique sample of companies.
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| 8. |
- Karri, Ranjan, et al.
(författare)
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Demand and supply side perspective of entrepreneurial action in emerging economies
- 2006
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Konferensbidrag (refereegranskat)abstract
- Entrepreneurial action in emerging economies is viewed in this paper as differing from that of developed economies from the demand as well as supply side. We use prior conceptualizations of environmental uncertainty faced by entrepreneurs, the entrepreneurial process theory of effectuation, and social capital to propose where these differences arise, how these differences affect entrepreneurial resources and actions, and which type of resources are more likely to be valuable in emerging economies. In addition, within emerging economies, we develop testable propositions of which type of entrepreneurial resources are more likely to lead to entrepreneurial success.
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