Browsing by Subject "Family firm"

Now showing 1 - 4 of 4
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    The influence of family involvement and generational stage on learning-by-exporting among family firms
    (2020) Sánchez Marín, Gregorio; Pemartín González-Adalid, María; Monreal Pérez, Joaquín; Organización de Empresas y Finanzas; Facultades, Departamentos, Servicios y Escuelas::Departamentos de la UMU::Organización de Empresas y Finanzas
    This paper analyses the link between export activity and product innovation in family firms. Following the learning-by-exporting (LBE) hypothesis and considering that family firms are not homogeneous entities, we explore differences among family firms regarding the influence of export activity on product innovation based on the degree of family involvement in management and on the generational implication. Based on a sample of 797 family firms operating in 20 different manufacturing industries over the period 2007-2014, empirical findings indicate that there are significant differences between family firms in terms of the conversion process of the benefits of exporting into product innovation. The family involvement in management fosters the LBE effect on product innovation through an inverted U-shaped pattern, reaching a peak when there are 2.97 family members involved in the management of the company. Contrary to expectations, results also show a positive influence of first-generation family firms on the LBE effect on product innovation
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    Unexpected Successor in Family Firms: Opportunity or Trap for Women?
    (Springer, 2022-03-05) Meroño-Cerdán, Angel Luís; Organización de Empresas y Finanzas; Facultades, Departamentos, Servicios y Escuelas::Departamentos de la UMU::Organización de Empresas y Finanzas
    Female managers are more common in family firms largely due to women’s incorporation into management positions via succession. Nonetheless, extrinsic and intrinsic factors constrain to some extent the access and the outcomes of female managers as potential successors. This study aims to uncover the particular conditions under which women frequently have access to CEO positions in family firms. Using a database of 177 SME Spanish family firms and using cluster analysis based on TwoStep technique, women are found to be unexpected successors to a greater extent than male successors. Oftentimes, they are chosen as a last resort to cope with poor business performance and low family orientation. More than an opportunity, this unplanned access becomes a trap since it fails to comply with all the requirements of successful transmissions.
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    Unity or commitment: A generational view of innovation in family firms.
    (Wiley, 2024) Meroño-Cerdán, Angel Luís; Organización de Empresas y Finanzas; Facultades, Departamentos, Servicios y Escuelas::Departamentos de la UMU::Organización de Empresas y Finanzas
    Taking a qualitative approach, this study aims to identify the effects of family involvement on firms' innovation decisions and examine how this relationship is affected by the presence or absence of firm founders. Content analysis facilitates building a map to identify two modes of family influence on business and innovation: the business-first and family-first modes. In the former, commitment and long-term orientation encourage innovation as the principal means of survival, especially when the founder is no longer present. In the latter, unity constrains innovation, most commonly in firms led by a present founder. In contrast to the tenets of the socioemotional wealth approach, a first-generation family firm may suffer from myopia when family interests prevail over the firm's interests, even when business continuity is at stake.
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    Untangling business model innovation in family firms: Socioemotional wealth and corporate social responsibility perspectives
    (Elsevier, 2024-12) López-Nicolás, Carolina; Meroño-Cerdán, Angel Luís; Heikkilä, Marikka; Bouwman, Harry; Organización de Empresas y Finanzas; Facultades, Departamentos, Servicios y Escuelas::Departamentos de la UMU::Organización de Empresas y Finanzas
    Despite the increasing interest in business model innovation (BMI) as a way to improve the performance of firms, and the predominance of family firms (FFs) in modern economy, these two topics have so far not been combined. Drawing on socioemotional wealth (SEW) theory and the corporate social responsibility (CSR) concept, and on insights from research into BMI, we conduct a qualitative analysis using data from fifteen European FFs, examining the strategic and BM focus, the nature of the BM renewal, and the process and outcomes of BMI on their business models (BMs). Our results identify several BM configurations, with a focus on (1) growth by internationalization in combination with attention to increased quality in value creation, and (2) profit orientation based on increased efficiency, enabled by digitalization, mainly in the value delivery components of a BM. The latter reflects distinctive, innovative capabilities found in FFs, that contribute to the preservation of family objectives, as suggested by SEW theory and business orientation on CSR. Furthermore, there is a link between family involvement and limited, but specific, knowledge-related resources, and the way the dynamic BMI process is governed and executed.