Business Commons^™

Family- Owned Business Leader Succession Planning Strategies, Gary Michael Williamson

Walden Dissertations and Doctoral Studies

AbstractSome business leaders in family-owned businesses lack leadership succession planning strategies. Family-owned businesses that lack succession planning strategies decrease the likelihood of business sustainability after the transition from founder to the successor. Grounded in the socioemotional wealth theory, the purpose of this qualitative multiple case study was to explore succession planning strategies first-generation family-owned business leaders in the metro Atlanta, Georgia area used to transfer leadership and ownership to the second generation. Data collected for this study consisted of semistructured interviews via teleconferences, company website information, press releases, and internal company documents. Yin’s 5 step process was used to analyze …

Does Intergeneration Succession Influence Stock Prices Of Family Businesses?, Kunlun Zou, Rong Wu, Pu Chen

Research Collection Lee Kong Chian School Of Business

China’s A-shares family listed companies are facing a period of high intergenerational succession. This has attracted the attention and research of many scholars. The existing studies mainly focus on the motives, methods, and influencing factors of family business’ intergenerational succession, and there are few studies involving the reaction of the capital markets. This article takes 45 listed family businesses as samples and uses the synthetic control method to examine the impact and the degree of influence that intergenerational succession has on stock price movements. Thereafter, a difference-in-differences estimation is conducted to test for robustness. At the conclusion of our research, …

Enterprise Resource Planning Systems In Family Firms, James Nathan Smith

Doctor of Business Administration Dissertations

For organizations that have them, an enterprise resource planning (ERP) system is an organization’s most wide-reaching information system, sitting at the heart of its accounting and operational structure. Thus, successful implementation of an ERP is critical to an organization’s success. Organizations have long struggled with achieving successful implementations of large-scale information systems, and family influenced firms are no exception. In light of unique considerations for family influenced firms as compared with non-family influenced firms, this research examines the relation between the influence of family ownership in family business and success in implementing an ERP system. This research presents a quantitative …

The Family Ties That Bind: Essays That Examine And Extend The Microfoundations Of Socioemotional Wealth Theory, David Scott Jiang

Doctoral Dissertations

In this dissertation, I examine and extend the microfoundations of socioemotional wealth (SEW) theory. While burgeoning research finds that a focus on SEW, or a controlling family’s stock of nonfinancial and affective utilities in a firm, predicts unique family firm outcomes, we know surprisingly little about emotion and family dynamic’s assumed causal roles in these unique outcomes. I address these theoretical needs with five related essays. In the first essay, I review the extant SEW literature, identifying unexamined cognitive, affective, motivational, and social assumptions in theoretical arguments and integrating psychological research to offer new directions for studying the microfoundations of …

The Effect Of Corporate Social Performance On Acquisition Performance, Sammy G. Muriithi

Doctoral Dissertations

In this dissertation, I investigate the impact that corporate social responsibility (CSR) engagement may have on post-acquisition performance outcomes. I argue that prospective targets are among the audiences that observe the firm's corporate social activities and make judgments out of the signals portrayed by such activity. With prospective targets being largely more successful than their counterparts, it stands to reason that they would prefer to be acquired by successful firms that would likely assure benefits in the long term. The socially responsible acquirer would likely be viewed as the more attractive suitor since the established moral and reputational capital present …

Managing Excessive Entitlement In Support Of Family Business Longevity, Maria Andrea L. Santiago

Angelo King Institute for Economic and Business Studies (AKI)

Family members feel entitled to family wealth because of various reasons. Some claim that they deserve part of the wealth since they are members of the family. Others assert that they earned rights to the wealth through hard work, while still others argue that they deserve part of the family wealth because they are special. When family members do not get what they think they deserve based on their perceptions of entitlement, they declare that it is unfair. This becomes problematic when family members manifest their sense of entitlement in a dysfunctional manner. In a family business, this may result …

Who Gets The Nod? Gender Issues In Successor Selection, Calvin Wang, Rowena Barrett, Elizabeth Walker, Janice Redmond

Janice Redmond Dr

This research explores the issue of gender dynamics in successor selection and specifically we seek to better understand gender biases in business succession. Traditionally daughters have been discriminated against in successor selection but with female business ownership in OECD countries projected to rise to 50%, it is important to understand the attitudes of founders towards female successors. Effective succession ensures business viability and underpins the continued economic contribution of small businesses and family businesses.

Directorio Y Gobierno Corporativo (2da Edición), Alfredo Enrione

Alfredo Enrione

No abstract provided.

Internationalising Family Run Business: Overcoming Conflict, Embracing Cohesion And The Role Of Entrepreneurship, Marty Reilly, Pamela Sharkey Scott

Conference papers

Family run businesses, despite their importance to both local economies and at a broader national level have traditionally received significantly less attention in business research than either Small to Medium Enterprises (SMES) or new venture business start-ups.

The study proposes to examine the internationalisation of family run businesses with a focus on cohesion, leadership and the role of entrepreneurship, both during and directly thereafter the critical interim of expanding operations across international borders.

Proposing a multiple case study methodology, we intend to explore the practicalities of how family run enterprises expand beyond their national borders and embrace wider, international markets. …

Bound By Laws, Or By Values? A Multi-Level And Cross-National Approach To Understanding The Protection Of Minority Owners In Family Firms, Charles Stevens, Roland Kidwell, Robert Sprague

Robert Sprague

How do firm-level attributes and country-level institutions affect cross-national and firm-level differences in how minority owner rights in family firms are protected?

We consider differences in family dynamics, stewardship-oriented organizational culture, and countries’ legal and cultural dimensions to develop theory predicting differences in minority owner protection in family firms. We advance propositions and a model delineating the role of these key firm-level and country-level constructs.

We contribute to the literature in three ways: 1) We illustrate the importance of family dynamics for predicting the likelihood of a stewardship-oriented culture to emerge in a family firm; 2) Our multi-level and cross-national …

The Yin And Yang Of Kinship And Business: Complementary Or Contradictory Forces?, Alex Stewart, Michael A. Hitt

Alex Stewart

Are the social domains of kinship and business on balance complementary or contradictory? Do ventures that invest heavily in both – conventionally referred to as “family firms” – bear a net gain or net loss? We are scarcely the first to raise these questions. How then will we try to contribute to an answer? We try this in five ways, all of them based on previous literature. First, we develop the dichotomy of kinship and business by taking seriously the metaphor of yin and yang, merging it with the anthropological constructs of structural domains such as “domestic” and “public.” This …

Sources Of Entrepreneurial Discretion In Kinship Systems, Alex Stewart

Alex Stewart

Entrepreneurs may wish to be selective about which relatives to include or exclude in their businesses. For example, their child might be inept but their niece might be outstanding. What aspects of kinship systems affect their ability to make these sorts of choices? What enables them to bend their ties of kinship and marriage to the interests of their business? Most broadly, what dimensions of kinship lend themselves to tactical or instrumental actions? This question is sweeping just as my meaning of “entrepreneurs” is very broad: those who take actions with the goal of growing their capital (Stewart, 1991). This …

Help One Another, Use One Another: Toward An Anthropology Of Family Business, Alex Stewart

Alex Stewart

Anthropological kinship theory is explored for potential contributions to a theory of family business. This paper considers the costs and benefits of a role for kinship in business. Both derive from the discrepancy between the normative orders of kinship and markets; respectively, long-term generalized reciprocity and short-term balanced reciprocity. Because the former reflects the morality of society as a whole, kinship integrates social fields more readily than more specialized orders like markets.

Who Could Best Complement A Team Of Family Business Researchers—Scholars Down The Hall Or In Another Building?, Alex Stewart

Alex Stewart

This study explores which fields might potentially collaborate in family business research. It compares 14 research fields for their structure of topical attention. The most convenient collaborations, such as those between entrepreneurship, family business, and strategy researchers, prove to be the most appropriate for some research purposes. However, less common collaborations, particularly with scholars from law, history, and anthropology, appear to be the most appropriate for other projects. Family and marital therapy prove to be a less promising collaborator than one might expect because of their strong skewing to familial rather than commercial topics. Correspondingly, entrepreneurship also proves to be …

The Prospects For Family Business In Research Universities, Alex Stewart, Anne S. Miner

Alex Stewart

Family business shows the promise of becoming a respected scholarly field in research universities. However, success is not a given. We inquire about its prospects, with reference to the sociology of science. A key requirement for success that has been met is identification with an important and distinctive domain of inquiry. This domain is at the intersection two phenomena - of kinship and business - but more attention has been paid to enterprise than to kinship. We suggest that this creates important windows for theoretical development, an important requirement for a core presence in research universities. We further suggest additional …

Skeptical About Family Business: Advancing The Field Of Family Business In Its Scholarship, Relevance, And Academic Role, Alex Stewart

Alex Stewart

Less polemical authors have published useful overviews of scholarship and institutional development in family business (Chrisman, Kellermanns, Chan, & Liano, 2010; Heck, Hoy, Poutziouris, & Steier, 2008; Schulze & Gedajlovic, 2010; Sharma, 2004). I take this as license for hyperbole. In such a vein, I am skeptical eight times over: that the field can be objective, that it can be defined, that “family business” is the right label, that it will find useful theories, that kinship exists, that if it does exist (all right, I do believe it does) we really observe it in action, that the field can progress …

Care Insurance As A Factor In Family Business Succession Planning, Wee-Liang Tan Dr.

Wee Liang TAN

No abstract provided.

The Prospects For Family Business In Research Universities, Alex Stewart, Anne S. Miner

Management Faculty Research and Publications

Family business shows the promise of becoming a respected scholarly field in research universities. However, success is not a given. We inquire about its prospects, with reference to the sociology of science. A key requirement for success that has been met is identification with an important and distinctive domain of inquiry. This domain is at the intersection two phenomena - of kinship and business - but more attention has been paid to enterprise than to kinship. We suggest that this creates important windows for theoretical development, an important requirement for a core presence in research universities. We further suggest additional …

West Point Market: Managing A Challenge From The Eeoc, Todd A. Finkle

Todd A Finkle