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Publications (10 of 147) Show all publications
Banerjee, A., Nordqvist, M. & Hellerstedt, K. (2019). Board leadership and the chairperson of the board: A review and suggestions for future research. In: Guclu Atinc (Ed.), Academy of Management Proceedings: . Paper presented at AOM Annual Meeting Proceedings, August 9-13 2019, Boston, USA. Academy of Management, 2019(1)
Open this publication in new window or tab >>Board leadership and the chairperson of the board: A review and suggestions for future research
2019 (English)In: Academy of Management Proceedings / [ed] Guclu Atinc, Academy of Management , 2019, Vol. 2019, no 1Conference paper, Oral presentation with published abstract (Refereed)
Abstract [en]

Corporate governance structures around the world are evolving, and there has been an increasing interest in the board leadership position, particularly the role of the chairperson of the board. Given that board leadership is experiencing changing roles and demands, the time is ripe to take stock of existing knowledge in order gain a comprehensive overview of the field and to identify promising avenues for future research. Reviewing 134 academic articles published in 49 journals from 1985 to 2017, this paper explores the role of the chairperson of the board. We identify five research streams and discuss the current trends concerning the board chair position. Following this, we offer a research agenda designed to contribute to and extend our current theoretical and empirical understanding of the board chair position.

Place, publisher, year, edition, pages
Academy of Management, 2019
Series
Academy of Management Proceedings, ISSN 0065-0668, E-ISSN 2151-6561 ; 1
National Category
Business Administration
Identifiers
urn:nbn:se:hj:diva-45719 (URN)10.5465/AMBPP.2019.17161abstract (DOI)
Conference
AOM Annual Meeting Proceedings, August 9-13 2019, Boston, USA
Available from: 2019-08-28 Created: 2019-08-28 Last updated: 2019-08-28Bibliographically approved
Ponomareva, Y., Nordqvist, M. & Umans, T. (2019). Family firm identities and firm outcomes: A corporate governance bundles perspective. In: E. Memili & C. Dibrell (Ed.), The Palgrave handbook of heterogeneity among family firms: (pp. 89-114). Cham: Palgrave Macmillan
Open this publication in new window or tab >>Family firm identities and firm outcomes: A corporate governance bundles perspective
2019 (English)In: The Palgrave handbook of heterogeneity among family firms / [ed] E. Memili & C. Dibrell, Cham: Palgrave Macmillan, 2019, p. 89-114Chapter in book (Refereed)
Abstract [en]

We address the issue of family firm heterogeneity and its implications for corporate governance and firm outcomes. We apply social identity theory to differentiate between clan and financial family firm identities and to explain how the domination of each identity leads to distinct governance needs and choices. We propose that family firms dominated by a clan identity will employ a unified bundle of internal corporate governance mechanisms, enhancing non-financial performance outcomes. A financial family firm identity will, on the other hand, result in implementation of a dispersed corporate governance bundle, enhancing the firm’s financial outcomes.

Place, publisher, year, edition, pages
Cham: Palgrave Macmillan, 2019
Keywords
Social identity theory; Family firm heterogeneity; Corporate governance bundles
National Category
Business Administration
Identifiers
urn:nbn:se:hj:diva-42571 (URN)10.1007/978-3-319-77676-7_5 (DOI)2-s2.0-85063769017 (Scopus ID)978-3-319-77676-7 (ISBN)978-3-319-77675-0 (ISBN)
Available from: 2019-01-10 Created: 2019-01-10 Last updated: 2019-08-07Bibliographically approved
Muñoz-Bullón, F., Sanchez-Bueno, M. J. & Nordqvist, M. (2019). Growth intentions in family-based new venture teams: The role of the nascent entrepreneur’s R&D behavior. Management Decision
Open this publication in new window or tab >>Growth intentions in family-based new venture teams: The role of the nascent entrepreneur’s R&D behavior
2019 (English)In: Management Decision, ISSN 0025-1747, E-ISSN 1758-6070Article in journal (Refereed) Epub ahead of print
Abstract [en]

Purpose: The purpose of this paper is to investigate how family ties in new venture teams (NVTs) influence the intended future growth of a nascent entrepreneur’s business. The authors posit that R&D-oriented entrepreneurs in NVTs with family ties have higher growth intentions relative to those who are less oriented toward R&D.

Design/methodology/approach: The hypotheses were tested using data from the Panel Study of Entrepreneurial Dynamics II (PSED II). One distinctive feature of the PSED is that it is based on a random sample of 1,214 nascent entrepreneurs in the process of starting new ventures in the USA, which overcomes the recall biases associated with surveying entrepreneurs already in business and potential survivorship biases.

Findings: The results show that growth intentions in NVTs with family ties is greater when the nascent entrepreneur shows an R&D behavior, even though the presence of family members in the team is negatively related to the intentions of nascent entrepreneurs with regard to new venture growth. This effect is attributed to entrepreneurs’ long-term vision and a more favorable attitude toward change.

Research limitations/implications: Data on startup teams in the PSED II come from one team member (the respondent). Therefore, differences in perceptions regarding growth intentions cannot be determined. Moreover, the sample consisted exclusively of nascent entrepreneurs in the USA.

Practical implications: Knowledge about the determinants of growth intentions during the venture creation phase becomes relevant if we want to influence and support the growth of newly founded firms. Nascent entrepreneurs need to understand the trade-off between emotional and financial concerns.

Social implications: Nascent entrepreneurs more oriented toward R&D become more risk tolerant, and may accept certain losses to their emotional endowment in favor of pure financial goals, being more able to access the additional external resources (tangible and intangible) needed for growth.

Originality/value: The research expands previous evidence on the family involvement-performance debate in large firms by focusing on new ventures with family ties, with distinctive characteristics that may affect growth intentions. The authors also shed new light on the interplay between family business and entrepreneurship. In particular, the research helps gain an understanding of how NVTs with family ties deal with the opposition between the benefits from venture growth and the tendency to preserve team member’s emotional attachment. 

Place, publisher, year, edition, pages
Emerald Group Publishing Limited, 2019
Keywords
Entrepreneurship, Family ties, Growth intentions, New venture teams, Research and development behaviour
National Category
Business Administration
Identifiers
urn:nbn:se:hj:diva-44376 (URN)10.1108/MD-08-2018-0942 (DOI)2-s2.0-85065536522 (Scopus ID);IHHCeFEOIS (Local ID);IHHCeFEOIS (Archive number);IHHCeFEOIS (OAI)
Available from: 2019-06-11 Created: 2019-06-11 Last updated: 2019-06-11
Meineke, A., Hellerstedt, K. & Nordqvist, M. (2019). The changing role of the chairperson of the board: an analysis of business press articles in the UK, US and Germany. In: Jonas Gabrielsson, Wafa Khlif & Sibel Yamak (Ed.), Research handbook on boards of directors: (pp. 229-254). Cheltenham: Edward Elgar Publishing
Open this publication in new window or tab >>The changing role of the chairperson of the board: an analysis of business press articles in the UK, US and Germany
2019 (English)In: Research handbook on boards of directors / [ed] Jonas Gabrielsson, Wafa Khlif & Sibel Yamak, Cheltenham: Edward Elgar Publishing, 2019, p. 229-254Chapter in book (Refereed)
Place, publisher, year, edition, pages
Cheltenham: Edward Elgar Publishing, 2019
Series
Research Handbooks in Business and Management series
National Category
Business Administration
Identifiers
urn:nbn:se:hj:diva-46607 (URN)10.4337/9781786439758.00023 (DOI)9781786439741 (ISBN)9781786439758 (ISBN)
Available from: 2019-10-18 Created: 2019-10-18 Last updated: 2019-10-18Bibliographically approved
Chirico, F., Gómez-Mejia, L. R., Hellerstedt, K., Withers, M. & Nordqvist, M. (2019). To merge, sell or liquidate? Socioemotional wealth, family control, and the choice of business exit. Journal of Management
Open this publication in new window or tab >>To merge, sell or liquidate? Socioemotional wealth, family control, and the choice of business exit
Show others...
2019 (English)In: Journal of Management, ISSN 0149-2063, E-ISSN 1557-1211Article in journal (Refereed) Epub ahead of print
Abstract [en]

We take the perspective that considering the affective motives of dominant owners is essential to understanding business exit. Drawing on a refinement of behavioral agency theory, we argue that family-controlled firms are less likely than non-family-controlled firms to exit and tend to endure increased financial distress to avoid losses to the family’s socioemotional wealth (SEW) embodied in the firm. Yet, when confronted with different exit options and performance heuristics suggest that exit is unavoidable family firms are more likely to exit via merger, which we argue saves some SEW, although it is less satisfactory financially. In contrast, non-family firms are more likely to exit via sale or dissolution, options that are more prone to offer higher financial returns than mergers. Family and non-family firms thus show different orders of exit options. We find support for these arguments in a longitudinal matched sample of privately held Swedish firms.

Place, publisher, year, edition, pages
Sage Publications, 2019
Keywords
Family business; business exit; financial distress; behavioral agency model; socioemotional wealth
National Category
Business Administration
Identifiers
urn:nbn:se:hj:diva-42191 (URN)10.1177/0149206318818723 (DOI)IHHCeFEOIS (Local ID)IHHCeFEOIS (Archive number)IHHCeFEOIS (OAI)
Funder
Ragnar Söderbergs stiftelse
Available from: 2018-12-03 Created: 2018-12-03 Last updated: 2019-01-30
Fitz-Koch, S., Nordqvist, M., Carter, S. & Hunter, E. (2018). Entrepreneurship in the agricultural sector: A literature review and future research opportunities. Entrepreneurship: Theory & Practice, 42(1), 129-166
Open this publication in new window or tab >>Entrepreneurship in the agricultural sector: A literature review and future research opportunities
2018 (English)In: Entrepreneurship: Theory & Practice, ISSN 1042-2587, E-ISSN 1540-6520, Vol. 42, no 1, p. 129-166Article, review/survey (Refereed) Published
Abstract [en]

Heeding calls for contextualizing entrepreneurship research and for greater attention to the role of sector in entrepreneurship research, we conduct a systematic literature review of extant research in agricultural entrepreneurship. Recent and rapid vertical integration and rationalization within the agricultural sector provides a dynamic setting for scholars to investigate entrepreneurship theory and practice. We identify three key contextual dimensions of the agricultural sector: identity, family, and institutions, which provide promising opportunities for future research and the potential to contribute to and extend current theoretical and empirical analyses of entrepreneurship research.

Place, publisher, year, edition, pages
Sage Publications, 2018
Keywords
Entrepreneurship, agriculture, context, systematic literature review, sector studies
National Category
Business Administration
Identifiers
urn:nbn:se:hj:diva-40871 (URN)10.1177/1042258717732958 (DOI)000428026600006 ()2-s2.0-85053557208 (Scopus ID)IHHCeFEOIS (Local ID)IHHCeFEOIS (Archive number)IHHCeFEOIS (OAI)
Available from: 2018-06-28 Created: 2018-06-28 Last updated: 2018-10-19Bibliographically approved
Ramirez-Pasillas, M., Lundberg, H. & Nordqvist, M. (2018). Everyday practices of corporate venturing. In: 78th Annual Meeting of the Academy of Management, AOM 2018, Academy of Management , 2018, Vol. 1: . Paper presented at 78th Annual Meeting of the Academy of Management, AOM 2018, Chicago, Ill., United States, 10 - 14 August 2018. Academy of Management, 2018
Open this publication in new window or tab >>Everyday practices of corporate venturing
2018 (English)In: 78th Annual Meeting of the Academy of Management, AOM 2018, Academy of Management , 2018, Vol. 1, Academy of Management , 2018, Vol. 2018Conference paper, Published paper (Refereed)
Abstract [en]

While research on corporate venturing is growing, most existing studies are conceptual or designed to uncover broader empirical patterns and they take a managerial approach. Recently scholars have called for taking into account the role of the ownership context in corporate venturing as well as the practices that constitute the micro processes of corporate venturing. This paper heeds this call by studying the corporate venturing activities of next generation members in family owned businesses (FOBs), and drawing on a practice theory lens inspired by Michel de Certeau to address the following research question: How do next generation family members go about in everyday life to realise their new venture ideas? Empirically the study is based on in-depth case research into three Mexican FOBs where next generation family members are engaged in launching new ventures. The study reveals five everyday practices of corporate venturing associated with motivation and relating logics of owning family members and show how these practices emanate out of existing dominant strategic orders that are present in the owning family context. The five practices represent appropriation efforts of family members to make-do corporate venturing part of their daily life. The findings suggest that although the dominant strategic orders limit the corporate venturing efforts of family members temporarily, individuals may find ways around them to overcome power issues. The study extends the understanding of everyday practices of corporate venturing in the FOB context as well as the meaning of Certeau’s practice theory.

Place, publisher, year, edition, pages
Academy of Management, 2018
Series
Academy of Management Annual Meeting Proceedings, ISSN 2151-6561
Keywords
everyday practices, corporate venturing, family, Mexico, next generation
National Category
Business Administration
Identifiers
urn:nbn:se:hj:diva-42582 (URN)10.5465/AMBPP.2018.18120abstract (DOI)
Conference
78th Annual Meeting of the Academy of Management, AOM 2018, Chicago, Ill., United States, 10 - 14 August 2018
Available from: 2019-01-11 Created: 2019-01-11 Last updated: 2019-01-11Bibliographically approved
Brumana, M., Minola, T., Waldkirch, M. & Nordqvist, M. (2018). Investigating resource exchanges in internal corporate venturing: Decision framing, risk and consequences for venture autonomy. In: : . Paper presented at The International Family Enterprise Research Academy (IFERA), Zwolle, The Netherlands, 3rd – 6th July 2018.
Open this publication in new window or tab >>Investigating resource exchanges in internal corporate venturing: Decision framing, risk and consequences for venture autonomy
2018 (English)Conference paper, Oral presentation with published abstract (Refereed)
National Category
Business Administration
Identifiers
urn:nbn:se:hj:diva-42478 (URN)
Conference
The International Family Enterprise Research Academy (IFERA), Zwolle, The Netherlands, 3rd – 6th July 2018
Available from: 2019-01-09 Created: 2019-01-09 Last updated: 2019-01-09Bibliographically approved
Lundberg, H., Ramirez-Pasillas, M. & Nordqvist, M. (2018). ‘The Other Within’ as Entrepreneurial Agency. In: : . Paper presented at 3rd Annual Entrepreneurship as Practice Conference and PhD Consortium, April 17-20, 2018, Växjö, Sweden.
Open this publication in new window or tab >>‘The Other Within’ as Entrepreneurial Agency
2018 (English)Conference paper, Published paper (Refereed)
National Category
Economics and Business
Identifiers
urn:nbn:se:hj:diva-42586 (URN)
Conference
3rd Annual Entrepreneurship as Practice Conference and PhD Consortium, April 17-20, 2018, Växjö, Sweden
Available from: 2019-01-11 Created: 2019-01-11 Last updated: 2019-01-11Bibliographically approved
van Helvert, J. & Nordqvist, M. (2017). Entrepreneurship from a Family Business Perspective. In: Robert Blackburn, Dirk De Clercq & Jarna Heinonen (Ed.), The SAGE Handbook of Small Business and Entrepreneurship: (pp. 7-123). Sage Publications
Open this publication in new window or tab >>Entrepreneurship from a Family Business Perspective
2017 (English)In: The SAGE Handbook of Small Business and Entrepreneurship / [ed] Robert Blackburn, Dirk De Clercq & Jarna Heinonen, Sage Publications, 2017, p. 7-123Chapter in book (Other academic)
Place, publisher, year, edition, pages
Sage Publications, 2017
Keywords
Small Business/Entrepreneurship (general), Small & Medium-Sized Enterprises
National Category
Business Administration
Identifiers
urn:nbn:se:hj:diva-38430 (URN)10.4135/9781473984080.n7 (DOI)9781473925236 (ISBN)9781473984080 (ISBN)
Available from: 2018-01-11 Created: 2018-01-11 Last updated: 2018-01-12Bibliographically approved
Organisations
Identifiers
ORCID iD: ORCID iD iconorcid.org/0000-0002-3613-4233

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