Dilucidando la heterogeneidad de la empresa familiar: Evidencia de un análisis multi-país

The existing typologies, classifications that identify types of family firms based on specific characteristics, aim to enhance our understanding of the heterogeneity of family businesses. However, these typologies fall short in thoroughly exploring and predicting behavioural and performance consequences associated with being categorized within specific classifications. Furthermore, the majority of the existing analyses have been empirically tested in one single country. To address these two research gaps, we use a sample of 814 small- and medium-sized family firms operating in 21 countries, collected by the STEP Project Global Consortium. This sample is employed to classify family firms based on their corporate governance similarities and explore their behavioural and performance patterns. Building on the principles of the configurative approach, we find that each of the four family firm configuration—group of family firms with related corporate governance mechanisms—has a unique yet similar combination of patterns in terms of transgenerational entrepreneurship practices, non-economic goals, and firm performance. Additionally, expanding on the isomorphic effect, we find evidence indicating that certain world macroregions exhibit a greater propensity for specific corporate governance configurations compared to others.Las tipologías de la empresa familiar tienen como objetivo mejorar la comprensión sobre su heterogeneidad. Sin embargo, las tipologías existentes a día de hoy no han logrado explorar a fondo, ni predecir los comportamientos y el desempeño asociados a cada tipo de empresa.  Además, la mayoría de estas tipologías han sido empíricamente testadas en empresas pertenecientes a un único país. Para abordar estas dos brechas en la investigación, utilizamos una muestra de 814 pequeñas y medianas empresas familiares de 21 países, recopiladas por el consorcio de investigadores y universidades (Proyecto STEP). Esta muestra la empleamos para clasificar las empresas familiares en función de sus similitudes en relación a su gobierno corporativo y explorar sus patrones de comportamiento y de desempeño. Basándonos en los principios del enfoque configurativo, hallamos cuatro tipos de empresa familiar con una combinación única pero similar de patrones en términos de prácticas empresariales transgeneracionales, consecución de objetivos económicos y no económicos. Asimismo, ampliando el efecto isomórfico, hallamos evidencia que indica que ciertas macrorregiones mundiales presentan una mayor propensión a configuraciones específicas de gobierno corporativo en comparación con otras

Un modelo para el estudio de la generación y sostenimiento de la ventaja competitiva en las empresas familiares a partir de las interacciones de los participantes y las prácticas de recursos humanos

El presente trabajo intenta ampliar los horizontes de estudio de las empresas familiares a través de la teoría de recursos y capacidades. Se realiza un análisis del estado de la cuestión de las prácticas de recursos humanos en el campo de la empresa familiar y se crea un modelo, a partir de las lagunas existentes, para interpretar la ventaja competitiva y la generación de rentas familiares y empresariales. Se acentúa la interacción en tres elementos primarios como generadores de recursos y capacidades: el fundador, los empleados familiares y los no familiares, que guiados con las adecuadas políticas de recursos humanos permitirá mantener en el tiempo la ventaja competitiva sostenible necesaria en los mercados globales actuales. El modelo abre las puertas a potenciales investigaciones para profundizar en el conocimiento de la empresa familiar como caja negra y escapar de la tentación de la investigación comparativa que ya ha aportado sus beneficios pero con ciertos límites en la profundidad de los análisis

The effect of entrepreneurial orientation on firm performance: a multigroup analysis comparing China, Mexico, and Spain

This article analyzes firm entrepreneurial orientation across different contexts. In the light of the existing literature on entrepreneurship and institutional theory, it departs from the hypothesis that the context in which firms operate determines the importance of each dimension comprised in the multidimensional concept of entrepreneurship orientation, thus moderating its effect of on firm performance. The sample for this study is composed of both small and medium-sized firms from three countries: China, Mexico, and Spain. In the means of testing our hypothesis and thus quantifying the moderating effect of context, a structural equation model PLS-SEM technique and, specifically, a multigroup analysis approach has been implemented. The results have led us to confirm an overall positive effect of entrepreneurial orientation on firm performance regardless of firm context. However, the context of a firm certainly acts as a moderator by determining the effect of entrepreneurial orientation on firm performance. This effect is explained by the conditioning power of context over innovation, proactiveness, and risk-taking, the three main factors defining firm entrepreneurial orientation across contexts

They Are Not All the Same!:Investigating the Effect of Executive versus Non-executive Family Board Members on Firm Performance

Drawing on faultlines and challenging the assumption that family board members form a homogenous subgroup, we hypothesize that the distinction between executive and non-executive family board members can create faultlines that affect firm performance. We propose that the discrepancy between results and goals can activate and exacerbate faultlines. Using a sample of 421 family small and medium-sized enterprises (SMEs), we find a U-shaped relationship between the ratio of family executive board members and firm performance showing the consequences of relationship-based and task-related faultlines. Moreover, we find that the U-shaped relationship occurs when firms perceive that they under-achieve their objectives, whereas a reverse J-shaped relationship appears when firms over-achieve their objectives

The Impact of Politically Connected CEOs and Boards of Directors on Firm Performance:A Study of Vietnamese Family and Nonfamily Firms

Integrating new institutional economics and resource dependence theory, this study investigates whether in transition economies, characterized by shifting from centrally commanded to more market-oriented economies, there are performance differences among family firms (FFs), nonfamily firms (non-FFs), and former state-owned enterprises (former SOEs), and whether political connections affect these differences. Our findings suggest that FFs outperform non-FFs and former SOEs, unless non-FFs have politically connected CEOs. The performance gap in favor of FFs increases at high levels of board political connection intensity. Among FFs, the top-performing ones either promote nonfamily leadership or combine family leadership with politically connected boards of directors

Entrepreneurial families in business across generations, contexts, and cultures

Purpose This article is the editorial for the special issue on “Entrepreneurial Families in Business Across Generations, Contexts and Cultures”. We aim to develop a road map that can help academics and practitioners navigate the findings of the articles contained in this special issue. We also suggest future lines of research around the topic of entrepreneurial families in business. Design/methodology/approach We develop a conceptual model for interpreting and understanding entrepreneurial families in business across contexts and time. Findings Our conceptual model highlights the importance of context and time when conducting research on entrepreneurial families in business. Practical implications The findings in this special issue will be of relevance for decision makers who tailor policies that embrace different economic and social actors, including entrepreneurial families. Originality/value This editorial and the articles that make up this special issue contribute to family business research by contextualising the phenomenon of entrepreneurial families in business. We propose a new holistic perspective to incorporate context and time in the study of entrepreneurial families that own, govern and manage family firms over time