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7 results on '"Family Business sustainability"'

1. Next generation impact on family business sustainability : CSR, family-centred goals and founder values

Author

Obasan, Olufemi

Subjects
Family Business sustainability, Family firms, Family-centered goals, Corporate Social Responsibility, Founder's values, Socioemotional wealth theory
Abstract

Despite extensive studies on family business sustainability, there have been limited empirical studies on the involvement and commitment of the next generation towards family business sustainability. This study seeks to fill this gap by unpacking the role of the next generation in family business sustainability, exploring the micro foundations through which they can shape and influence the family businesses, through CSR involvement, family-centred goals, and founders' values. This study adopts a qualitative, multiple case-study design. It selected ten family firms from six industries, with different levels of next generation involvement. Following a pilot study, two rounds of data collection were carried out between 2019 and 2020, constituting 23 participants in 31 interviews which generated 2,105 minutes of data. The participants included three first generation founders, 19 second/third generation directors, and 1 non-family director. This thesis consists of three papers. The first study draws on the socio-emotional wealth (SEW) theory, investigating the involvement of the next generation in CSR activities and how this involvement affects next-generation towards sustainability in family business. The second paper examines the role of the next generations in shaping family-centred goals, explaining how and why they influence family-centred financial and nonfinancial goals towards building sustainable family business. The third study analyses how founder values and personalities, as key family resources, influence the commitment of the next generations towards family business sustainability. Taken together, the findings provide theoretical insights into the influence of the next generation in building sustainable family businesses. By developing three novel next-generation-oriented theorical models, the studies contribute to the SEW theory, Sustainable Family Business Theory (SFBT) and the literature on family business goals.

Published
2022
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3. Technology Adoption in Mediating the Effect of Leadership Succession on Family Business Sustainability in West Sumatra.

Author

Kamener, Dahliana, Ab. Rashid, Norasekin, Husin, Nor Azilah, and Irda, Irda

Subjects
FAMILY business succession, INNOVATION adoption, CHIEF executive officers, SUSTAINABILITY, EXECUTIVES
Abstract

A family business is one that can last forever. These businesses play an important role in the world's economy and are a driving force for the world's industries. This study aimed to investigate the effect of leadership succession on family business sustainability, mediated by technology adoption, in family business industries in the West Sumatra province. Purposive sampling was used to recruit participants with the criteria of family businesses that had been running for more than five years and had been preparing the successor of their companies. The total sample was 231 managers or chief executive officers of family companies. The results showed that leadership succession and technology adoption affected sustainability. Furthermore, technology adoption significantly mediated the relationship between leadership succession and sustainability of family businesses in West Sumatra, Indonesia. [ABSTRACT FROM AUTHOR]

Published
2022
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4. New Research Trends in Sustainability in Family Businesses: A Bibliometric Literature Review

Author

Aparicio de Castro, María Gloria, Iturralde, Txomin, Aparicio de Castro, María Gloria, and Iturralde, Txomin

Abstract

Sustainability in family businesses is becoming an exigent, interesting, and ever-evolving topic in the field of business research, owing to the requirements of sustainable development agendas for all types of companies. The growing body of research on this topic, considering traditional and new challenges for family firms, encourages the synthesis and organization of existing knowledge through a literature review. This study conducts a combination of different analyses with bibliometric techniques to provide an overview of the evolution of scientific literature on sustainability in family businesses and its structure in terms of relevant groups of researchers, most cited articles, and the contributing journals. Finally, future research endeavors are suggested for each identified open theme. Unlike previous reviews, the present work considered emergent sub-fields such as environmental studies and environmental sciences in document selection, which have been incorporated into the traditional research fields like business, management, and economics and finance in the context of family businesses., La sostenibilidad en las empresas familiares se está convirtiendo en un tema exigente, interesante y en constante evolución en el campo de la investigación empresarial, debido a las exigencias de las agendas de desarrollo sostenible para todo tipo de empresas. La creciente investigación sobre este tema, considerando los desafíos tradicionales y nuevos para las empresas familiares, fomenta la síntesis y organización del conocimiento existente a través de una revisión de la literatura. Este estudio realiza una combinación de diferentes análisis con técnicas bibliométricas para ofrecer una visión general de la evolución de la literatura científica sobre sostenibilidad en las empresas familiares y su estructura en términos de grupos de investigadores relevantes, artículos más citados y revistas colaboradoras. Finalmente, se sugieren futuros esfuerzos de investigación para cada tema identificado. A diferencia de las revisiones anteriores, el presente trabajo consideró subcampos emergentes como los estudios ambientales y las ciencias ambientales en la selección de documentos, que se han incorporado a los campos de investigación tradicionales como los negocios, la gestión y la economía y las finanzas en el contexto de las empresas familiares.

Published
2023

5. Factors Associated with Long-Term Survival of Family Businesses: Duration Analysis.

Author

Stafford, Kathryn, Bhargava, Vibha, Danes, Sharon M., Haynes, George, and Brewton, Katherine E.

Subjects
FAMILY business succession, INCOME, BUSINESS planning, TEMPORARY employees
Abstract

This study identified factors influencing family business survival using National Family Business Panel and Spatial Hazard Events and Losses data. Sustainable Family Business Theory guided the use of a parametric duration model of long-term survival. Community characteristics, family achievements, family processes during change, business and owner characteristics, and business processes during stability affected long-term survival. Economic vulnerability of rural counties, family income from business, hiring temporary help, business size, viewing business as a way of life, and owner experience were associated with increased duration of business survival. Being home-based, a female owner, and customer-focused were associated with decreased duration of survival. Some family processes and achievements increased the duration of business survival; none decreased it. [ABSTRACT FROM AUTHOR]

Published
2010
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6. Sibling Rivalry vs. Brothers in Arms: The Contingency Effects of Involvement of Multiple Offsprings on Risk Taking in Family Firms

Author

Qiong Wang, Biao Luo, Chengyuan Wang, and Jin Chen

Subjects
Sibling rivalry (animals), Family business, Offspring, Geography, Planning and Development, risk taking, TJ807-830, Management, Monitoring, Policy and Law, TD194-195, Renewable energy sources, 0502 economics and business, GE1-350, China, 050208 finance, Environmental effects of industries and plants, Renewable Energy, Sustainability and the Environment, 05 social sciences, Environmental sciences, brothers in arms, Sustainability, sibling rivalry, involvement of second-generation, Demographic economics, family business sustainability, Business, Contingency, Risk taking, Family firms, 050203 business & management
Abstract

Succession process is a significant matter that is vital to the sustainability of a family firm. Families are generous in involving the offspring(s) into the family business so as to fulfill inter-generational succession. In this paper, we concentrate on the issue on the results of the involvement of multiple offsprings in family firms. By using data collected from China listed family firms between 2009 and 2015, we reveal that there exist contingency effects of the involvement of multiple offsprings on risk taking in different phrases. The involvement of new offspring(s) that leads the sibling rivalry to happen would increase risk taking of the family firm in a short-term. While for those family firms in which offsprings serve together as brothers in arms, risk taking is even lower than that of family firms with no more than one offspring. Our findings have managerial implications for dealing with succession process and maintaining sustainability of family businesses.

Published
2019
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7. Sibling Rivalry vs. Brothers in Arms: The Contingency Effects of Involvement of Multiple Offsprings on Risk Taking in Family Firms.

Author

Chen, Jin, Wang, Chengyuan, Wang, Qiong, and Luo, Biao

Abstract

Succession process is a significant matter that is vital to the sustainability of a family firm. Families are generous in involving the offspring(s) into the family business so as to fulfill inter-generational succession. In this paper, we concentrate on the issue on the results of the involvement of multiple offsprings in family firms. By using data collected from China listed family firms between 2009 and 2015, we reveal that there exist contingency effects of the involvement of multiple offsprings on risk taking in different phrases. The involvement of new offspring(s) that leads the sibling rivalry to happen would increase risk taking of the family firm in a short-term. While for those family firms in which offsprings serve together as brothers in arms, risk taking is even lower than that of family firms with no more than one offspring. Our findings have managerial implications for dealing with succession process and maintaining sustainability of family businesses. [ABSTRACT FROM AUTHOR]

Published
2019
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