Family Business Research Articles

Investigating the determinants of turnover intention among the big 4 public accounting firms in Indonesia

This study examines the factors influencing turnover intention among staff auditors in the Big 4 public accounting firms in Indonesia specifically focusing on pay satisfaction, work overload, work stress, external work opportunities, work satisfaction and organizational commitment. Data from 144 participants employed by Big 4, namely PricewaterhouseCoopers (PwC), Ernst & Young (EY), Deloitte and Klynveld Peat Marwick Goerdeler (KPMG) was collected through a Google Form questionnaire and analyzed using SMART Partial Least Square (PLS) 4.0. The outcomes show that work overload positively affects work satisfaction while pay satisfaction significantly contributes to turnover intention. The study also tested for mediation effects and found no significant mediating effect of work satisfaction and organizational commitment on the relationship between pay satisfaction, work overload, work stress and turnover intention. These findings enhance our understanding of turnover intention among auditors in Indonesia and suggest avenues for future research. However, the study's limitations such as its exclusive focus on turnover intention in the Big 4 public accounting firms in Indonesia should be acknowledged. Future research could broaden the scope to include additional factors influencing turnover intention or other samplings such as family businesses or the private sectors.

Resilient moroccan family businesses in times of crisis: the case of the Covid-19 pandemic – what are the reactions, developments, tools, and strategies to face crises?

Resilient moroccan family businesses in times of crisis: the case of the Covid-19 pandemic – what are the reactions, developments, tools, and strategies to face crises?

Performance of Family Businesses in the Specific Conditions of CEE Countries: The Case of the Czech Republic

Performance of Family Businesses in the Specific Conditions of CEE Countries: The Case of the Czech Republic

Family Business and Its Problems; A Failure of Entrepreneurial Succession in Nigeria

Family Business and Its Problems; A Failure of Entrepreneurial Succession in Nigeria

Understanding customer’s post-M&A intentions and behaviors: the role of the family business brand and previous reputation of the acquiring firm

Purpose Mergers and acquisitions (M&As) are a critical time for organizations and their consumers. For the company, there are many financial and non-financial risks. For customers, it requires deciding whether or not to continue the relationship that they had with the previous firm. This paper explores the extent to which communicating the family business (FB) brand, and the previous reputation of the acquirer affects customer perceptions and intentions after an M&A event.Design/methodology/approach Data for this study were collected from 159 Italian participants. We used a 2 (Communication of FB brand: Yes vs. No) by 3 (Reputation: positive, neutral, negative) between subjects’ experiment to test how the communication of the FB brand and the reputation of the acquirer affected perceived trustworthiness and service quality, and how this, in turn, influenced customer purchase intentions.Findings We find that communicating the FB brand does not influence consumer perceptions and intentions toward the acquired company. However, the previous reputation of the acquiring firm is critical in influencing consumer perceptions and intentions to buy.Originality/value Our study continues the growing research on M&A in family firms. It also increases our understanding of the boundary conditions of the FB brand effects, and the relevance that the previous reputation of a family firm can have in M&A scenarios. Finally, our study introduces the “Halo” and “Velcro” effects into the FB literature.

Exploratory analysis of the antecedents of failure in family businesses: cases from Catalunya

Exploratory analysis of the antecedents of failure in family businesses: cases from Catalunya

Creating and sustaining mutualistic well-being: Toward a theory of family and business symbiosis

This paper addresses a question that is fundamental to the domain of family business research yet still inadequately addressed by the field’s predominant theories: Why are some family business systems able to create and sustain the simultaneous health of both the business and the family over generations, whereas many others experience an erosion in the well-being of one sphere relative to the other? Invoking analogical theorizing, we demonstrate the fruitfulness of applying key concepts from biological research on symbiotic relationships between organisms of different species. More specifically, we suggest that the area’s distinction between mutualism, commensalism, and parasitism provides a useful vocabulary for conceptualizing the heterogeneity evident amongst family business systems. By delineating factors that are likely to influence the nature and strength of a family business system’s symbiotic relationship, we hope that our conceptual framework helps guide future research on why, when, and how the interdependence between family and business can range—and sometimes shift—along a continuum from strong mutualism to strong parasitism.

Family business culture: a strategic resource and driver of firm performance

PurposeThrough a resource-based theoretical lens, we elucidate conditions under which family business culture (FBC) amplifies the positive effects of high-performance work systems (HPWS) intensity and exacerbates the negative effects of low human capital uniqueness (HCU) on firm performance. By doing so, we answer the call for more research on the conditions under which FBC influences firm outcomes.Design/methodology/approachThe present study sampled 226 small business owners across the USA, who provided their responses to online survey questions. Hypotheses were assessed via path analysis in MPlus 8.8, using maximum likelihood estimation.FindingsFBC, HPWS intensity and HCU were positively associated with firm performance. Further, the HPWS intensity – firm performance and HCU – firm performance links were moderated by FBC. Specifically, increased levels of HPWS intensity were associated with greater firm performance when FBC was high, and firms with low levels of HCU tended to have particularly decreased levels of firm performance when FBC was low.Research limitations/implicationsConsistent with the resource-based view, firms' unique resources and competitive advantage may be tied to the extent to which they have an established FBC. High levels of FBC, which are characterized by shared values, loyalty, proud involvement and care toward the organization, can play a significant role in enhancing organizational performance. Family business leaders should prioritize cultivating an enhanced FBC alongside investments in HPWS and unique human capital.Originality/valueThis study contributes to understanding the theoretical underpinnings of FBC and its relationship with firm performance by examining FBC’s interaction with HPWS intensity and HCU. We highlight FBC as a valuable intangible resource that can enhance or diminish the effectiveness of other strategic resources in family firms, further extending the application of resource-based view theory in family business research.

Family Business Challenges and their Regulations under UAE Family Business Law

Family Business Challenges and their Regulations under UAE Family Business Law

How Business Families Can Invest for Social Impact

How Business Families Can Invest for Social Impact

OPPORTUNITIES FOR INTEGRATION OF DIGITAL BUSINESS MODELS IN INTERGENERATIONAL BUSINESSES

In today‘s hyper-­digitalised world, continuity and collaboration between digital and traditional business models becomes a necessary and even mandatory condition for achieving competitiveness and success. This key emphasis also applies to intergenerational business initiatives, which have the potential to bring together the knowledge, experience and creativity of different generations in a win-win way for all stakeholders. The main objective of the present research is to analyse the benefits of integrating digital business models in the context of intergenerational entrepreneurial initiatives. In order to achieve the goal formulated in this way, fundamental definitions and characteristics of the concept of „digital business model“ have been derived, supported by the existing theoretical knowledge and practical experience of the authors of the report. In addition, basic types of business models developed primarily in a digital environment have been identified, and current examples from the field of digital entrepreneurship have been synthesised. The scope of the research includes the results of a survey conducted in 2023 at the University of Ruse „Angel Kanchev“ (Bulgaria), covering 581 students. This aspect of the study aims to illuminate students‘ readiness to engage in intergenerational entrepreneurial initiatives. The discussion is enriched with reduced potential opportunities for the capacity of digital business models to improve the performance of individual family business ventures innovatively. In this way, by combining traditional with digital, it is possible to construct a solid and integrated intergenerational entrepreneurial chain capable of preserving and building on existing values and experiences in a positive way.

The Development of Family Entrepreneurship in Russia: The Development Prospects and Main Directions of State Policy

Introduction: the paper deals with the analysis of the peculiarities of the legal regulation of family entrepreneurship in the Russian Federation, the identification of current trends in this area, and the discussion of prospects for its development. Both the positive aspects of the existing legislation and possible directions for its modification to stimulate the development of family entrepreneurship are considered. Purpose: to analyze the development of family entrepreneurship in Russia and identify the prospects for its development. Methods: the methodological framework for the research is based on the methods of scientific cognition, among which the main ones are the methods of consistency, analysis, and comparative law. Results: the study has shown that family business is an important part of the economy, contributing to job creation, increased tax revenues, and regional development. Conclusions: based on the results of the study, it becomes obvious that there is a need to improve the regulatory framework aimed at supporting and developing family entrepreneurship, including simplifying registration and licensing procedures, reducing the tax burden, developing specialized support programs, and stimulating innovation. An important area is also the strengthening of legal guarantees for the protection of the rights of family entrepreneurs, including the protection of intellectual property and ensuring access to due process of law.

Narratives of and for survival in family firms: family influence on narrative processing

PurposeResilience of long-lived family businesses has been widely acknowledged but the mechanisms enabling longevity need to be further investigated. This can be done by examining how narratives about crisis situations are processed in family firms.Design/methodology/approachBased on narrative interviews, this qualitative study examines how crisis situations have been dealt with and narrated by long-lived German family firms.FindingsNarratives of survival can have a strengthening effect so they become also narratives for survival. The analysis reveals how the constructive management of crises contributes to emotional attachment, identification and commitment and also strengthens resilience and longevity.Originality/valueThe study contributes to narrative identity theory by answering calls for narrative analysis and capturing the influence of narratives on family firms and business families. The discussion of the findings leads to the narrative processing model showing how past crises are processes to gain identity and resilience in the future and how the business family can influence this process.

Examining Dark Triad Traits in Formal Leaders and Their Impact on Employee Workplace Stress: A Comparative Study of Family and Non-Family Businesses

This paper aims to explore differences between the perception of dark traits in formal leaders and levels of workplace stress among employees working in family and non-family businesses. Furthermore, we assess if the company nature (family-owned versus non-family-owned) moderates the relationship between the employees’ perception of dark triad traits in their formal leaders and their workplace stress levels. The empirical evidence is provided by a sample of 220 Portuguese employees who responded to a questionnaire that included their perceptions of their formal leaders’ dark triad traits and workplace stress measures. All respondents are employed in small and medium-sized private companies, holding no management responsibilities and under formal hierarchical supervision. The initial ideas that family firms’ employees perceive higher levels of dark triad traits in their formal leaders than non-family firms’ employees and that they also show higher levels of workplace stress than non-family firms’ employees were confirmed. The results also support the notion that higher perceptions of dark triad traits in formal leaders are related with higher levels of workplace stress of employees and that the company nature significantly moderates this relationship. These findings enhance the research literature by addressing two often overlooked aspects in the comparison between family and non-family firms. Additionally, they provide valuable insights into the relationship between dark triad traits in formal leaders and employee workplace stress levels.

Profiling the Cypriot Fisheries Sector through the Lens of Fishers: A Participatory Approach between Fishers and Scientists

Despite the sector’s minor contribution (0.5%) to the Gross National Product, the fisheries sector in Cyprus is particularly important to the micro economy of coastal communities, offering direct and indirect employment and supporting small family businesses. Like any industry, the Cypriot fisheries sector faces its own challenges and opportunities. The current study aimed to identify the strengths, weaknesses, opportunities, and threats (SWOT) of the fisheries sector in Cyprus based on fishers’ knowledge and to provide strategic recommendations based on the sector’s identified needs. Following a participatory approach, a workshop with 30 small-scale fishers, six large pelagic longline fishers, and three scientists was conducted in November 2023. Fishers and scientists worked together to conduct the SWOT and the TOWS matrix (a reverse SWOT) analyses. Findings from the SWOT–TOWS analyses were used to develop strategic recommendations for the sector. Finally, using the Impact–Effort prioritisation method, the strategic recommendations were prioritised according to their potential impact on the sector and the effort required for their implementation. Based on the analyses, the study proposes 12 strategic recommendations that could significantly improve the sector’s overall performance and sustainability, which if applied will give a light of hope for the future of the Cypriot fisheries sector.

The role of inheritance risk management in family enterprises to achieve family businesses sustainability in the middle east

Transferring wealth and ownership in family businesses is a pivotal juncture that can either strengthen the family legacy or dismantle its foundations. However, this paper examines the effect of inheritance risk management and family business practices on family business sustainability. It also discusses the mediating role of regulatory environment in the Middle East. Nevertheless, quantitative analysis was used to investigate the direct and indirect effects of IRM and FBP on the regulatory environment and family business sustainability as well as the mediating role of the regulatory environment using a quantitative approach through a survey design. However, a total of 116 questionnaires were collected through purposive sampling from the responses. The study sample consisted of managers who were contacted through email and social networking sites. Moreover, Smart PLS 4.1.0.1 was used to test the research hypotheses. The findings indicate that IRM and FBP have significant and positive effects on the regulatory environment in terms of the sustainability of family businesses. The result also confirms the mediating effect of the regulatory environment. The results emphasize the importance of a comprehensive approach to managing family businesses both in addressing internal and external challenges as strategic planning, innovation and governance structures appear as key factors affecting the sustainability of family businesses. This study suggests avenues for future research and provides practical implications for decision-makers, policy makers, practitioners and academics seeking to develop family businesses and the long-term resilience of family businesses in the Middle East.

Building legacy through brand change: Insights from multigenerational family businesses

Brand change is an important but overlooked factor in enabling family businesses seeking to build legacy. Extensive research has focused on external aspects of brand change, with little attention to the internal dynamics, which can ultimately limit successful change to build legacy for family businesses. We conducted in-depth interviews with four multinational family businesses whose brand change journeys have passed through different generations and covered multiple industries. We uncovered different brand change elements, which form layers of “Outside” and “Inside” brand change. These findings provide further insights into where a family business is in relation to its brand change journey and how to navigate brand change to build family business legacy.

Exploring the role of psychological ownership toward organizational innovation in family businesses

Purpose The purpose of this study is to understand the link between psychological ownership and organizational innovation in family businesses. The research also explored the mediating effect of knowledge transfer alongside the moderating role of governance practices. Design/methodology/approach A total of 116 family businesses across India took part in the study. Data were collected with the help of a structured questionnaire supplied to the seniormost family member of each firm. The data were analyzed by using the moderated mediation model analysis in R. Findings The findings indicate that psychological ownership is a key driver of organizational innovation in family businesses. The transfer of knowledge mediates the relationship between psychological ownership and organizational innovation. Moreover, governance practices of the businesses moderate the association between psychological ownership and knowledge transfer, and its downstream consequences on organizational innovation. Originality/value While previous research has explored various aspects of nurturing innovation, the present study explores the effect of psychological ownership in the context of family businesses in India. This study also gives insights into how knowledge transfer and governance practices work together to influence innovation in these businesses.

A Qualitative Study on Stewardship Relationships in Family Businesses in Türkiye

This study aimed to explain the basic dynamics of stewardship relationships in small and medium-sized family businesses in Türkiye and the contextual features that produce them by taking a phenomenological approach, one of the qualitative research methods. Data were collected via semi-structured interviews. The study sample comprised 35 participants from 14 family businesses in Antalya, Türkiye, including 18 family member managers and 17 non-family senior employees. Using thematic analysis, 6 main themes and 18 sub-themes were identified. While the results are consistent with previous research, they also strongly point to a steward profile specific to family businesses in Türkiye.

Understanding the Family Business Effect in Online Environments: Exploring Family Business Brands

Understanding the Family Business Effect in Online Environments: Exploring Family Business Brands