| 1. |
- Achtenhagen, Leona, 1969-, et al.
(författare)
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Torn between individual aspirations and the family legacy – individual career development in family firms
- 2022
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Ingår i: Career Development International. - : Emerald Group Publishing Limited. - 1362-0436 .- 1758-6003. ; 27:2, s. 201-221
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Tidskriftsartikel (refereegranskat)abstract
- Purpose: The purpose of this paper is to explore individual career management by family members in the context of their family firms.Design/methodology/approach: The interpretative interview study of family members active in family businesses explores how this context affects the choice, planning, goals and development of family members' careers in their family business.Findings: The authors find that career management in the family business setting focuses on fulfilling the family business goals rather than the personal goals of family members. Career management is rather reactive and less self-directed than current literature on career development recommends. Based on the results, the authors develop a process model for individual career management in the family business context.Originality/value: Little is known about individual career management of family members in a family business context, as research on careers in family firms has so far focused mainly on transgenerational succession. The authors explore how in family firms, the trend towards self-directed, individual career planning is in tension with a commitment to the family business and its legacy.
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| 2. |
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| 3. |
- Achtenhagen, Leona, 1969-, et al.
(författare)
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Co-evolution at the Interface of a Family Firm and its Niche
- 2017
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Konferensbidrag (refereegranskat)abstract
- The interface of the organization and its industry constitutes a vital space for development. Conducting a systematic literature review, we confirm that management research has paid rather little attention to exploring the relationship between the industry context and family business management to date (see also Le Breton Miller & Miller, 2015). Despite this lack of research, many scholars and practitioners alike could name numerous family businesses that hold world class in their niches. Given the pace of environmental changes, there is a clear need to better understand the interface of family business and industry over time. Building on our findings from a longitudinal, in-depth case study of a 4th generation family business and its niche of high-quality Scandinavian Design furniture, we propose a multi-level model of co-evolution that comprises not only the micro- and macro-levels of family business and its industry, but also the meso-level of inter-actor cooperation in its market niche.
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| 4. |
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| 5. |
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| 6. |
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| 7. |
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| 8. |
- Banerjee, Anup
(författare)
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The role of the board chair : Changing expectations and hybrid organizations
- 2023
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Doktorsavhandling (övrigt vetenskapligt/konstnärligt)abstract
- The purpose of this dissertation is to enhance our understanding of the changing role of the board chair and what this means for hybrid organizations and their board work. Historically, the role of the boards and their chairs evolved around safeguarding shareholders’ financial interests. Whilst this responsibility persists, boards are increasingly expected to embrace societal issues in board governance discussions and to rethink performance measurement systems to incorporate the social impacts generated by their organizations. To navigate these challenges, boards are encouraged to adopt hybrid board governance systems that strike a balance between financial and social mission targets. Board chairs can guide boards to secure such a hybrid outlook, but we lack academic insights on this role beyond financial performance. Systematically reviewing four decades of research, the first article of the dissertation demonstrates the need and opportunities for considering divergent stakeholder interests and contextual factors influencing the role of the board chair. Building on this, the second article engages with board chairs and general secretaries in social hybrid organizations and unearths different board-specific and field level challenges that currently hinder boards from implementing social impact measurements. Subsequently, the third article discusses how adopting a qualitative, engaged scholarship approach can generate practice informed research, contributing new understanding for boards and their chairs. Together, these insights offer implications for theory and practice and promote an agenda for future research that embraces a social purpose beyond profit maximization.
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| 9. |
- Baù, Massimo, 1983-, et al.
(författare)
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Employee layoffs in times of crisis : do family firms differ?
- 2024
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Ingår i: Entrepreneurship and Regional Development. - : Taylor & Francis. - 0898-5626 .- 1464-5114.
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Tidskriftsartikel (refereegranskat)abstract
- In this study, we seek to understand firm behaviour during times of crisis, with a particular focus on family firms in different contexts. We theorize that family control mitigates (i.e. negatively moderates) the relationship between economic crisis and the layoff of employees, resulting in a higher propensity of family firms to retain their employees during a crisis compared to their nonfamily counterparts. Furthermore, taking a closer look at family firms, based on their location, we argue that family firms in rural regions are more likely to adopt measures leading to involuntary job turnover than family firms in urban areas due to a higher sensitivity to the loss of socioemotional wealth following a business closure. Relying on a panel dataset of Swedish private firms active in the period 2004-2012, our study contributes to a better understanding of family firms as employers in different contexts.
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| 10. |
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| 11. |
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| 12. |
- Ge, Bingbing, et al.
(författare)
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An Entrepreneurship-as-practice perspective of next-generation becoming family businesses successors : the role of discursive artefacts
- 2024
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Ingår i: Entrepreneurship and Regional Development. - : Taylor & Francis. - 0898-5626 .- 1464-5114. ; 36:3-4, s. 489-515
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Tidskriftsartikel (refereegranskat)abstract
- Family is the most important, yet under researched, dimension in family business research. Following recent calls in Entrepreneurship-as-Practice, we bring a practice-based approach to family business research to understand next generation engagement over extended periods in family life. Drawing on a culinary family business’s three published cookbooks, theorized as ‘discursive artefacts’, we examine how mundane family business practices can enable next generations to become successors. This study contributes to family business research with its re-focus on the family and offers new insights into practice theory-building in the emergent Entrepreneurship-as-Practice. Our findings illustrate how everyday practices in family lives–for example, cooking–can enable next generations’ becoming family business successors, through socializing, bridging, and leading.
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| 13. |
- Girma Aragaw, Z., et al.
(författare)
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Contextualizing corporate entrepreneurship : a systematic review and future research agenda
- 2024
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Ingår i: Entrepreneurship and Regional Development. - : Taylor & Francis. - 0898-5626 .- 1464-5114.
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Forskningsöversikt (refereegranskat)abstract
- Corporate entrepreneurship (CE) is an essential concept in entrepreneurship research. Many scholars have shown CE theoretical and empirical implications for firms’ survival, development, and growth. We use a systematic literature review approach to analyse and discuss 214 articles published in top-tier journals from 1985 to 2023. This review proposes a conceptual model and highlights that little attention has been given to discussing the role of context in the corporate entrepreneurial process. Thus, we propose a research agenda for contextualizing corporate entrepreneurship concerning business, social, spatial, institutional, organizational, and ownership contexts.
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| 14. |
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| 15. |
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| 16. |
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| 17. |
- Haag, Kajsa, et al.
(författare)
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Divorce
- 2024. - 1
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Ingår i: Elgar Encyclopedia of Family Business. - Cheltenham : Edward Elgar Publishing Ltd.. - 9781800888715 - 9781800888722 ; , s. 125-128
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Bokkapitel (övrigt vetenskapligt/konstnärligt)
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| 18. |
- Haag, Kajsa, 1977-, et al.
(författare)
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Divorce
- 2024
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Ingår i: Elgar Encyclopedia of Family Business. - : Edward Elgar Publishing. - 9781800888715 - 9781800888722 ; , s. 144-147
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Bokkapitel (refereegranskat)abstract
- A divorce of a family business owner does not only affect the divorcing spouses, but it poses a threat to the business and its various stakeholders. Some of the complicating factors stem from the overlapping of roles, where persons that share family ties are also active in the strategic decisions and daily operations of the business. We describe the impact of divorce in the three dimensions of psychosocial, legal, and financial. Tools to decrease the negative impacts of a divorce include family law instruments such as marital agreements, gifts and wills, and company law instruments such as shareholders’ agreements and the articles of associations. Specialized advisors and proper governance structures can also reduce the negative impacts. Family business owners need to increase their awareness on how a potential divorce will affect them and the business, raise the issue, and undertake the necessary preparations.
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| 19. |
- Haag, Kajsa, et al.
(författare)
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Divorce in the family business : unfolding the legal problems by learning from practice
- 2016
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Ingår i: Journal of Family Business Management. - 2043-6238 .- 2043-6246. ; 6:1, s. 81-96
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Tidskriftsartikel (refereegranskat)abstract
- Purpose – The purpose of this paper is to explore the case of divorce in family business from a legal perspective and highlight the problems of applying family law in the family business context.Design/methodology/approach – The authors rely on legal analysis and interviews with estate distribution executors to discuss problems with the legal rules and how they are practiced.Findings – The findings show that the law is ill fitted to the situation where there is a family business included in the division of marital property. In divorce, family law dictates the division of marital property and the family business is reduced to an asset to be divided like any other. Critical issues are identified and elaborated.Research limitations/implications – Divorce and other disruptions to the family system should be considered in family business consultancy among other threats to the business. The legal perspective on divorce in the family business offered here primarily concerns ownership issues. The impact of divorce on management is equally in need of exploration, which is the suggestion for further studies.Practical implications – The paper illuminates in which ways the business is hampered from divorcing owners and discuss critical issues with applying family law in a family business context. Social implications – Policymakers should establish rules in which shares in an unlisted business are by default assigned to separate property until something else is contracted.Originality/value – New light is shed on the practical problems of interpreting family law in a family business context advancing the understanding of family aspects in family business management.
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| 20. |
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| 21. |
- Haag, Kajsa, 1977-, et al.
(författare)
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Engaging With the Category : Exploring Family Business Longevity From a Historical Perspective
- 2023
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Ingår i: Family Business Review. - : Sage Publications. - 0894-4865 .- 1741-6248. ; 36:1, s. 84-118
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Tidskriftsartikel (refereegranskat)abstract
- Longevity is at the core of what makes family businesses special. Unlike most attempts to explain longevity that have focused primarily on the factors within a family business that lead to longevity or the factors outside of an organization’s environment, we adopt a business-history perspective that enables us to show how the interplay between the organization and its environment can help to explain family business longevity. Building on the category literature, we trace the interaction of a small Swedish fourth-generation high-quality furniture manufacturer with its category over a period of more than 120 years. We identify the internal mechanisms driving family business longevity, the external mechanisms driving category development as well as the mechanisms underlying their interaction. Specifically, we provide new insights into how agency exercised by the family business contributes to the shaping of the category they are a member of, thereby nurturing their business longevity.
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| 22. |
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| 23. |
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| 24. |
- Haag, Kajsa, 1977-
(författare)
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Generationsskifte till vardags
- 2012. - 1
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Ingår i: Familjeföretagande. - Stockholm : SNS förlag. - 9789186949198 ; , s. 191-212
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Bokkapitel (övrigt vetenskapligt/konstnärligt)abstract
- Kapitel 8: Generationsskifte till vardagsKajsa Haag berättar från en ingående studie av ett möbelföretag (Karl Andersson & Söner) hur nya generationer succesivt insocialiserats i verksamheten genom att äldre och yngre familjemedlämmar arbetar sida vid sida. Genom att knyta sitt resonemang till strategi som praktik klargör författaren hur det är möjligt att organisera både generationsskifte och verksamhetsförnyelse på ett sätt som är till gagn för både företag och familj. Den stora dramatik som vanligen omger ett generationsskifte kan alltså omformas till en kreativ kraft som leder till att traditioner bevaras och nödvändig förnyelse kommer till stånd. På så sätt kommer familjeföretagets särart - genuint engagerade ägare och ledare - till sin rätt.
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| 25. |
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| 26. |
- Haag, Kajsa, 1977-, et al.
(författare)
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Impact of Divorce on the Family Business : Unfolding the Legal Problems in Theory and Practice
- 2014
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Ingår i: IFERA 2014 Annual Conference, June 24-27, 2014, Lappeenranta, Finland, Co-operation Within and Amongst Family Businesses, Conference Proceedings. - 9789522656018 ; , s. 76-76
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Konferensbidrag (refereegranskat)
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| 27. |
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| 28. |
- Haag, Kajsa, 1977-, et al.
(författare)
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Legal Advisors and Family Business Owners : A Transaction Cost Understanding of “the Ownership Contract”
- 2023
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Ingår i: Family Business Review. - : Sage Publications. - 0894-4865 .- 1741-6248.
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Tidskriftsartikel (refereegranskat)abstract
- Family business owners are dependent on legal advice to control ownership changes and uphold a functional balance between owners. This advice spans both family law and business law. However, family business owners are found to underutilize the legal instruments available, especially for small- and medium-sized enterprises. We explore the market for legal advice provided to family business owners. Our findings describe specific ownership costs that decrease owners’ willingness and ability to contract. This avoidance of ex ante costs puts the owners at risk of extensive ex post costs that could ultimately jeopardize the business.
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| 29. |
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| 30. |
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| 31. |
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| 32. |
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| 33. |
- Haag, Kajsa, 1977-, et al.
(författare)
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Renewal through socialization : A case of strategy as wayfinding
- 2018
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Ingår i: Academy of Management Proceedings. - : Academy of Management.
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Konferensbidrag (refereegranskat)abstract
- Family businesses are known to rely on informal ways of working for maintaining their entrepreneurial spirit over time. In recent decades, scholars have challenged conventional planning-approaches to strategy and proposed alternatives to it, such as wayfinding. This approach centers around social practices, focusing on strategy- making unfolding from everyday activities. Drawing on socialization theory and a real-time case study in a family business, we elaborate upon three socialization processes to better understand entrepreneurial strategy- making: Strategy as embedded in daily practice; renewal when family members manage together; and strategy- making as an ordinary part of family business life. This paper’s contribution lies in exploring socialization theory for improving our understanding of the unintentional and indirect aspects of strategy-making.
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| 34. |
- Haag, Kajsa
(författare)
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Rethinking family business succession : from a problem to solve to an ongoing practice
- 2012
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Doktorsavhandling (övrigt vetenskapligt/konstnärligt)abstract
- As the title denotes, I suggest we think differently about family business succession. I propose to rethink succession from a problem to a practice. This means that succession is not a problem to solve but something people do in family business; it is ongoing, it is integrated and it is ordinary. It poses an alternative to the common view of succession as something problematic, separate and extraordinary to handle in order to carry on with the business. To view succession as a practice opens up new understanding of succession as a continuing flow of activities embedded in the everyday life of business families instead of a problem to overcome through succession planning. This notion is philosophically inspired by sociology of practice, theoretically based in a practice perspective of strategy, and empirically explored in a case of succession at Karl Andersson & Söner. Three conceptions are developed that aid the analysis of succession, framing it as originating from socialization, included in everyday routines and progressing without design. The study shows how succession evolves as family members are socialized, engaged and trained through the durée of daily life. Beyond that, it shows how succession is not just about handing the business over from one generation to the next. It is also about working together in the moment, developing the business while preserving its essence. Engaging in the family business to be part of developing it is fundamentally different from joining because transfer of leadership and/or ownership is needed. It questions the idea of succession as a purpose in itself and suggests a shift from “taking over” to “being part”.
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| 35. |
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| 36. |
- Haag, Kajsa, 1977-
(författare)
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Strategy-making through socialization : A case of family business wayfinding
- 2016
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Konferensbidrag (refereegranskat)abstract
- Family business are known to rely on informal ways of working. For several decades now, also scholars have challenged conventional planning-approaches to strategy. Wayfinding has been introduced as an alternative that takes social practice seriously and focuses on strategy-making from activities unfolding in the everyday. Drawing on socialization theory and a real-time case study in a family business, I elaborate upon three socialization processes significant to better understand strategy-making as wayfinding: Strategy as embedded in daily practice; renewal when family members manage together; and strategy-making as an ordinary part of family business life. This paper thereby contributes by applying wayfinding thinking empirically and by adding socialization theory for further understanding of the unintentional and indirect aspects of strategy-making. By exploring organizational life in the family business of Karl Andersson & Söner, it is illustrated how strategy and succession is ongoing and embedded in daily routines and unfolding without planning.
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| 37. |
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| 38. |
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| 39. |
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| 40. |
- Haag, Kajsa, 1977-, et al.
(författare)
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The impact of divorce on the family business system in SMEs - patterns of coping strategies, commitment and ownership regulations
- 2021
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Ingår i: International Journal of Entrepreneurship and Small Business. - : InderScience Publishers. - 1476-1297 .- 1741-8054. ; 44:4, s. 335-358
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Tidskriftsartikel (refereegranskat)abstract
- In this paper, we outline how the divorce of the main owner-manager of a family-owned SME impacts the family business system. Divorce not only represents a pronounced family failure, but it can also be a highly stressful condition for the family members involved. To date, the impact of divorce on family businesses remains understudied, despite rates of divorce as high as 50% in some countries. Drawing on almost a decade of experience with engaged scholarship at the interface between divorce and family businesses, we selected four typical case studies to illustrate different coping strategies and show how divorce can change the strategic outlook of the family business system in SMEs by altering the commitment of the owner family to maintain the business in the family as well as ensuring the business continuation per se. Moreover, we exemplify how legal ownership regulations can shape family businesses strategic scope after divorce by impacting the financial situation. We integrate these findings into a model of family business system adaptation.
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| 41. |
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| 42. |
- Madsen, Marina B., et al.
(författare)
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Ejerskabsdynamik i SMV’er : Et svensk/dansk projekt om problemer og løsningerved ændringer i ejerkredsen
- 2019
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Ingår i: Nordisk Tidsskrift for Selskabsret. - København : DJØF Forlag. - 1399-140X. ; :4, s. 73-96
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Tidskriftsartikel (övrigt vetenskapligt/konstnärligt)abstract
- During their lifecycle, many small and medium sized enterprises (SMEs) experience changes in the group of owners. New research shows that such changes are likely to give rise to issues that might affect the cooperation between the owners and the development of the company in a negative direction. As SMEs are considered ‘the backbone of Scandinavian economy’, such negative effects might also have a socio-economic impact. Therefore, it is important to take precautionary measures against the emergence of these issues as well as establishing appropriate solutions should they arise nonetheless. The present article commences a new interdisciplinary research project ‘Ownership Dynamicsin SMEs’ carried out by Center for Small and Medium Sized Enterprises in Denmark and Centre for Family Enterprise and Ownership in Sweden. The objective of the project is to generate deep knowledge on ownership dynamics in SMEs and on the complexity of the various types of ownership changes. Based on this knowledge, the three Cs (Control, Consensus and Compromise), that are identified in the article, are used as the foundation to develop guidelines and tools targeted at the three phases in ownership changes, which will be made available to SMEs. The project will also analyse if a gap exists between the regulatory need of SMEs that is identified using qualitative and quantitative studies and the paradigms applied in practice. Based on the result of this analysis, proposals for gap-filling provisions etc. will be developed.
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| 43. |
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| 44. |
- Segaro, Ethiopia L., et al.
(författare)
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Good Intentions Gone Awry : Government Intervention and Multistakeholder Engagement in a Frontier Market
- 2022
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Ingår i: Journal of Business Ethics. - : Springer. - 0167-4544 .- 1573-0697. ; 180, s. 1019-1040
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Tidskriftsartikel (refereegranskat)abstract
- How to achieve sustainable communities with decent work and economic growth without negative environmental impact, is at the heart of the United Nations Sustainable Development Goals and a top priority of many governments around the world. This article critically explores the role of government intervention for achieving sustainable local prosperity in frontier markets of developing countries, where such advancement is especially crucial. More specifically, we explore by an in-depth case study how multiple stakeholders cooperate to enhance local development and export from firms in the leather and leather products industry in Ethiopia. From a multistakeholder engagement perspective, including representatives of local businesses, United Nations, Ministry of Trade and Industry, and other development partners, we analyze how government interventions have resulted in unintended outcomes despite their good intention. We contribute with a new understanding of why development initiatives in frontier markets struggle with stakeholder integration, caused by power asymmetry and lack of institutional trust which prevents the achievements of sustainable development goals. Contextualized implications for firms, government, and non-governmental actors on how to improve collaboration are provided, and policy implications are proposed.
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| 45. |
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| 46. |
- Sund, Lars-Göran, et al.
(författare)
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Intergenerational ownership succession : Shifting the focus from outcome measurements to preparatory requirements
- 2015
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Ingår i: The Journal of Family Business Strategy. - : Elsevier BV. - 1877-8585 .- 1877-8593. ; 6:3, s. 166-177
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Tidskriftsartikel (refereegranskat)abstract
- This article contributes to the family business succession literature by (1) addressing ownership succession rather than management succession, (2) recommending a combination of legal and psychological perspectives on ownership to advance our understanding and (3) suggesting a preparatory approach to succession. Measuring the success of management succession has mainly been undertaken by assessing outcomes. Learning retrospectively why a succession was (un)successful may deepen our understanding of the process, but it is not particularly helpful to the business in question. We propose an alternative method for ownership succession: a preparatory approach that establishes requirements to fulfill before the succession takes place. These requirements are presented in a model that considers both the legal/financial and the psychological aspects of ownership and are formulated to improve intergenerational ownership succession and the post-succession prosperity of the firm.
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| 47. |
- Sund, Lars-Göran, et al.
(författare)
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Share transfer restrictions and family business : The minority shareholder perspective
- 2015
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Ingår i: European Business Law Review. - 0959-6941 .- 1875-841X. ; 26:3, s. 437-450
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Tidskriftsartikel (refereegranskat)abstract
- Small- and medium-sized enterprises (SME's), of which most are family owned businesses (FOB's), play a crucial role in upholding many of the topics at the heart of the International Conference on Applied Business Research. They are especially noteworthy in relation to economic development, growth and innovation, sustainable development and rural development. The practice of FOBs is quite different from large companies with scattered ownership (Nordqvist, Hall & Melin, 2009). The practice turn in social science, well embraced in management studies (Vaara & Whittington, 2012), is relevant to develop new knowledge in the field of business law. We study the practice of shareholder protection and aim to narrow the gap between theory and practice regarding business law and FOBs. An entrepreneurially friendly and inspiring environment presupposes that business owners can protect their ownership positions against unwanted acquisitions of shares, as well as that they are not unwillingly locked-in in a position as minority owners. In addition, this requires legal rules that are not unnecessarily costly, time and energy consuming to comply with, administer and uphold. Legislators should, if possible, thus provide a set of rules that facilitates for owners to effectively avoid both unwanted acquisitions of shares and locked-in positions. We conclude that default rules in the form of e. g. a right of first refusal should be included in the articles, since the lack of an open market place anyhow makes it highly difficult to sell the shares. Furthermore, we find it important to allow also clauses that enhance the possibility to avoid locked-in positions in the articles whereas most national legislations today permit only clauses that contribute to the protection of ownership positions. Key words: family business development, small-medium sized enterprises (SME), business law, share transfer restrictions, minority shareholders, articles of association, shareholder's agreement, practical implications.
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| 48. |
- Sund, Lars-Göran, et al.
(författare)
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Share Transfer Restrictions and Family Business : The Minority Shareholder Perspective
- 2015
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Ingår i: European Business Law Review. - : Wolters Kluwer. - 0959-6941 .- 1875-841X. ; 26:3, s. 437-450
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Tidskriftsartikel (refereegranskat)abstract
- Small- and medium-sized enterprises (SMEs), of which most are family-owned businesses (FOBs), play a substantial part in any nation’s economy. They are, in many ways, different from large companies with scattered ownership; therefore, further developments accounting for their special circumstances are needed. We study shareholder protection and aim to narrow the gap between theory and practice regarding commercial law in relation to the FOBs. An entrepreneurially friendly environment presupposes that owners can protect their ownership positions against unwanted acquisitions of shares, and not be unwillingly locked-in in a position as minority owners. This requires legal rules that are neither unnecessarily costly, nor time and energy consuming to comply with. Legislators should thus provide a set of rules that facilitates owners to effectively avoid both unwanted acquisitions of shares and locked-in positions. We conclude that default rules, such as a right of first refusal, should be included in the articles of association. We also find it important to allow clauses that enhance the possibility of avoiding locked-in positions, where most national legislations today permit only clauses that contribute to the protection of ownership positions.
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| 49. |
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