Review
Psychology, Multidisciplinary
Shuqi Li
Summary: This paper summarizes previous perspectives on inheritance models, discusses various driving factors that may affect the current model, and proposes that the successor's intention to inherit may be a valuable research perspective in the field of family business inheritance.
FRONTIERS IN PSYCHOLOGY
(2022)
Article
Business, Finance
Wen Kong
Summary: Family business is a significant part of China's private economy. This study examines the impact of ESG performance of China's family businesses on debt financing costs. The findings suggest that family businesses with good ESG performance receive support from creditors and experience lower debt financing costs. Additionally, the social and corporate governance dimensions of family enterprises contribute to the reduction of debt financing costs. Moreover, ESG performance significantly decreases the debt financing costs of family businesses during stages such as owner management, children's development, and power transfer.
FINANCE RESEARCH LETTERS
(2023)
Article
Business
Tolga Simsek, M. Atilla Oner, Ozlem Kundey, Gokcen Arkali Olcay
Summary: Digital platforms drive traditional companies to transform their business models, which involves changes in core components and identification of factors affecting the transformation process. This study highlights the significant impact of new pricing and sales models on value creation, as well as the importance of acquiring new knowledge and skills for developing and operating platforms. Transformational leadership is found to be a key driver of business model transformation.
TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE
(2022)
Article
Public, Environmental & Occupational Health
Yi Guo, Aijun Li, Yi Zhou, Yuna Di
Summary: This paper investigates the mechanism and influencing factors of Chinese family enterprises’ performance in employees' health and safety, and provides feasible regulatory policies based on theoretical framework and empirical model. The study finds that family businesses are less likely to fulfill their responsibilities in this area compared to non-family businesses. However, over time, family businesses tend to better fulfill these responsibilities.
FRONTIERS IN PUBLIC HEALTH
(2022)
Article
Business
Nonyelum Lina Eze, Mattias Nordqvist, Georges Samara, Maria Jose Parada
Summary: This study investigates how differences in religion and traditions influence family features and business practices in family businesses, impacting their ability to maintain transgenerational entrepreneurship. The research reveals that these differences shape family structure, functioning, and mindset within developing countries, ultimately affecting the success of transgenerational entrepreneurship in family businesses.
ENTREPRENEURSHIP THEORY AND PRACTICE
(2021)
Article
Computer Science, Information Systems
Jonas Soluk, Nadine Kammerlander
Summary: This study focuses on the digital transformation of 15 family-owned Mittelstand firms from Germany, Austria, and Switzerland, revealing three stages of the digital transformation process and the required dynamic capabilities and triggers. It also identifies three combinations of enablers and barriers that impact the development of dynamic capabilities and the advancement of the digital transformation process.
EUROPEAN JOURNAL OF INFORMATION SYSTEMS
(2021)
Article
Business
Victor Zheng, Po-san Wan
Summary: This article argues that culture and physical environment shape the patterns and development of family businesses, and determine their operational logic and controlling mechanism. It emphasizes the importance of geographical and socio-cultural factors in the development of Chinese family businesses.
Article
Green & Sustainable Science & Technology
Maha Shehadeh, Ahmad Almohtaseb, Jehad Aldehayyat, Ibrahim A. Abu-AlSondos
Summary: This study examines the impact of digital transformation on competitive advantage and the mediating role of entrepreneurial orientation. Innovation capability is considered as a moderator between digital transformation and competitive advantage. The data were collected from service companies in Jordan, and AMOS was used for analysis. The results show that digital transformation not only influences competitive advantage but also affects entrepreneurial orientation. Entrepreneurial orientation significantly mediates the relationship between digital transformation and competitive advantage. Additionally, innovation capabilities moderate the relationship between digital transformation, competitive advantage, and entrepreneurial orientation. Innovation, production, and operational managers as well as owners of service companies can use these findings for policy-making to develop a competitive advantage.
Article
Computer Science, Information Systems
Abhishek Kathuria, Prasanna P. Karhade, Xue (Nancy) Ning, Benn R. Konsynski
Summary: Family-owned businesses have a different strategic intent and behavior, serving as a wealth and social status reservoir for their family owners. These businesses demonstrate conservative strategic decision-making, aiming for long-term wealth preservation and enhancement. Family ownership negatively influences IT investment, but this influence is weakened when a professional executive is appointed. Family ownership also weakens the negative influence of environmental hostility on the relationship between IT investment and firm performance.
JOURNAL OF MANAGEMENT INFORMATION SYSTEMS
(2023)
Article
Information Science & Library Science
Jie Yang, Xinkai Zhang, Yujing Pei
Summary: This paper analyzes the digital transformation of traditional Chinese sporting goods companies' business models in the context of the pandemic crisis from a knowledge management perspective and explores the role of their digital transformation in coping with the crisis. Through case studies, the paper provides an in-depth analysis of how these companies achieve high performance levels through the digital transformation of their business models and discusses the key role of knowledge management in this achievement.
JOURNAL OF KNOWLEDGE MANAGEMENT
(2023)
Article
Business
Joao J. Ferreira, Cristina Fernandes, Francesco Schiavone, Raj Mahto
Summary: This study provides an overview of past, present, and future research in the field of sustainability in family business through a systematic review of literature. It identifies four clusters of existing literature on this topic and offers a research agenda for future studies.
TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE
(2021)
Article
Business
Silvana Signori, Yves Fassin
Summary: This paper uses the stakeholder salience framework and social identity approach to explain the dynamics of family firms and how these dynamics impact their governance and ethics. By exploring the attributes of legitimacy, power, and status gained by family members from different institutional settings, the paper identifies specific ethical considerations.
JOURNAL OF BUSINESS ETHICS
(2023)
Review
Business
Leena Kinger-Hans, Raveendra Chittoor, Balagopal Vissa, Guoli Chen
Summary: It is well-established that business groups are a dominant organizational form in many economies worldwide. This article focuses on family-controlled business groups and provides an extensive review of previous research, proposes a new research direction, and suggests potential pathways for future work in this field.
JOURNAL OF MANAGEMENT
(2023)
Article
Business
Leonardo Augusto de Vasconcelos Gomes, Fabio Emanuel Farago, Ana Lucia Figueiredo Facin, Ximena Alejandra Flechas, Lucas Emmanuel Nascimento Silva
Summary: This article discusses how firms transform their open business models to ecosystem-based business models and ecosystem business models during the process of platformization. The study identifies a new business model transformation process consisting of three phases: broadening view, integrating, and orchestrating. The findings contribute to our understanding of how cognitive and managerial processes shape the emergence of ecosystem business models while transforming the firm's business model to operate in ecosystems.
TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE
(2023)
Article
Business, Finance
Huxing Li, Yuran Wang, Heng Zhang
Summary: This paper examines the impact of family exit on financialization in family-owned firms in China's stock markets. The study finds that family exit from executive positions increases corporate financialization, while reducing family's shareholding dampens financialization. In addition, providing equity incentives helps to mitigate the facilitating effect of family exit on corporate financialization, and family exit reduces financialization by increasing corporate financing constraints.
FINANCE RESEARCH LETTERS
(2023)