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Publications (10 of 135) Show all publications
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
Keyword
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
Waldkirch, M. & Nordqvist, M. (2017). Finding benevolence in family firms: The case of stewardship theory. In: Franz Kellermanns, Frank Hoy (Ed.), The Routledge companion to family business: (pp. 401-414). New York: Routledge
Open this publication in new window or tab >>Finding benevolence in family firms: The case of stewardship theory
2017 (English)In: The Routledge companion to family business / [ed] Franz Kellermanns, Frank Hoy, New York: Routledge, 2017, p. 401-414Chapter in book (Refereed)
Place, publisher, year, edition, pages
New York: Routledge, 2017
National Category
Business Administration
Identifiers
urn:nbn:se:hj:diva-34276 (URN)000399599000020 ()2-s2.0-85027376466 (Scopus ID)9781138919112 (ISBN)
Available from: 2016-12-12 Created: 2016-12-12 Last updated: 2017-12-20Bibliographically approved
Boers, B., Ljungkvist, T., Brunninge, O. & Nordqvist, M. (2017). Going private: A socioemotional wealth perspective on why family controlled companies decide to leave the stock-exchange. Paper presented at European-Academy-of-Management Conference, Atlanta, GA, AUG 04-08, 2017. The Journal of Family Business Strategy, 8(2), 74-86
Open this publication in new window or tab >>Going private: A socioemotional wealth perspective on why family controlled companies decide to leave the stock-exchange
2017 (English)In: The Journal of Family Business Strategy, ISSN 1877-8585, E-ISSN 1877-8593, Vol. 8, no 2, p. 74-86Article in journal (Refereed) Published
Abstract [en]

Our purpose is to understand the process of ‘going private’ decisions in family firms by applying a socioemotional wealth (SEW) perspective, specified in the following research questions: how do socioemotional wealth considerations influence owning families’ decisions to delist their publicly-listed companies? How do socioemotional wealth considerations change after the delisting of a firm? Based on case studies of two family firms, we elaborate upon the balancing of socioemotional and financial wealth considerations by the family owners, the assessment of which changes over time. Ultimately, we propose that the experiences from being listed can lead to the reevaluation of financial, as well as socioemotional, wealth considerations. By delisting, the companies reclaim independence and control, and the identity as a private family-owned firm becomes once again pronounced. We develop the SEW-perspective by viewing the decision to delist as a mixed gamble, in that owning families have to weigh personal and financial losses against SEW gains, thereby indicating how SEW-considerations change over time. We find that owning families are willing to sacrifice current SEW, accepting current financial losses for prospective increased SEW. Additionally, in this study we extend the argument that decisions to leave the stock market are tradeoffs between competing factors.

Place, publisher, year, edition, pages
Elsevier, 2017
Keyword
Socioemotional wealth, Family business, Mixed gamble, Going private, Family ownership, Case study
National Category
Business Administration
Research subject
Humanities and Social sciences
Identifiers
urn:nbn:se:hj:diva-35402 (URN)10.1016/j.jfbs.2017.01.005 (DOI)000417670900002 ()2-s2.0-85017464265 (Scopus ID)
Conference
European-Academy-of-Management Conference, Atlanta, GA, AUG 04-08, 2017
Available from: 2017-04-21 Created: 2017-04-21 Last updated: 2018-01-19Bibliographically approved
Fitz-Koch, S. & Nordqvist, M. (2017). The Reciprocal Relationship of Innovation Capabilities and Socioemotional Wealth in a Family Firm. Journal of small business management (Print), 55(4), 547-570
Open this publication in new window or tab >>The Reciprocal Relationship of Innovation Capabilities and Socioemotional Wealth in a Family Firm
2017 (English)In: Journal of small business management (Print), ISSN 0047-2778, E-ISSN 1540-627X, Vol. 55, no 4, p. 547-570Article in journal (Refereed) Published
Abstract [en]

This paper deals with entrepreneurship in family firms by researching how technology-based innovation capabilities influence the socioemotional dimensions of the owning family and vice versa. In combination with dynamic capabilities, the socioemotional wealth (SEW) perspective offers a framework that enables an investigation of the nature of innovation capabilities in family firms. Studying a single firm, we identify a positive reciprocal relationship between innovation capabilities and SEW. We find that this reciprocal relationship within the family business presents itself in a synergistic fashion, yielding synergies between financial wealth and SEW. The findings contribute to the literature on entrepreneurship and innovation in family businesses.

Place, publisher, year, edition, pages
John Wiley & Sons, 2017
Keyword
DYNAMIC CAPABILITIES; STRATEGIC MANAGEMENT; ENTREPRENEURSHIP; PERFORMANCE; BUSINESSES; AGENCY; RESOURCES; RISK
National Category
Business Administration
Identifiers
urn:nbn:se:hj:diva-37672 (URN)10.1111/jsbm.12343 (DOI)000410991700003 ()2-s2.0-85029576853 (Scopus ID)
Available from: 2017-10-18 Created: 2017-10-18 Last updated: 2017-10-18Bibliographically approved
De Massis, A., Kotlar, J., Frattini, F., Chrisman, J. J. & Nordqvist, M. (2016). Family governance at work: Organizing for new product development in family SMEs. Family Business Review, 29(2), 189-213
Open this publication in new window or tab >>Family governance at work: Organizing for new product development in family SMEs
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2016 (English)In: Family Business Review, ISSN 0894-4865, E-ISSN 1741-6248, Vol. 29, no 2, p. 189-213Article in journal (Refereed) Published
Abstract [en]

A growing body of research is concerned with how family governance influences innovation. Yet, the organizational issues that family governance engenders for innovation processes have been largely overlooked. In a study of six family SMEs, we investigate the design decisions that fit family and business logics to create high-performing new product development programs. Our results reveal three design principles concerning teams, leadership, and incentives that diverge from customary approaches of organizing for new product development, adding important dimensions to the determinants of successful new product development in family SMEs.

Place, publisher, year, edition, pages
Sage Publications, 2016
Keyword
Family SMEs, family governance, innovation, new product development
National Category
Business Administration
Identifiers
urn:nbn:se:hj:diva-28371 (URN)10.1177/0894486515622722 (DOI)000375720700004 ()2-s2.0-84966565080 (Scopus ID)IHHCeFEOIS (Local ID)IHHCeFEOIS (Archive number)IHHCeFEOIS (OAI)
Available from: 2015-11-24 Created: 2015-11-24 Last updated: 2017-12-01Bibliographically approved
Nordqvist, M. (2016). Socio-symbolic ownership: extending the socio-emotional wealth perspective. Management Research, 14(3), 244-257
Open this publication in new window or tab >>Socio-symbolic ownership: extending the socio-emotional wealth perspective
2016 (English)In: Management Research, ISSN 1536-5433, E-ISSN 1558-0946, Vol. 14, no 3, p. 244-257Article in journal (Refereed) Published
Abstract [en]

Purpose - The purpose of this paper is to extend the socio- emotional wealth (SEW) perspective in general, and the contribution by Martin and Gomez-Mejia (this issue) in particular. The aim is also to address recent calls to incorporate more micro-level theorizing in the development of the SEW perspective and to embrace the rich, real-world environment in which this phenomenon takes place. Focus is particularly on the SEW dimension that is related to the ability to exercise family control over a business.

Design/methodology/approach - The approach is conceptual and introduces symbolic interactionism, a theory from micro-sociology and socio-psychology, to the SEW literature within the family business field. The paper draws on a previously published study by the author and relies on the centrality of the notion of socio- symbolic ownership in family firms.

Findings - The concepts of socio- symbolic ownership and the process of enacting ownership underline how family and non-family actors interpret and act upon specific guiding values and interests that constitute SEW at a micro level in each family firm. Socio-symbolic ownership and the guiding values and interests that the ownership is based on allow scholars to capture SEW differences among family firms, as the specific values and interests typically vary between family firms.

Originality/value - An approach is outlined that helps scholars to develop a more process-sensitive theory of SEW. Studying how and why actors engage in the social interactions, symbolic relations and interpretations that constitute the decision-making gives a better understanding of the important micro-foundations of SEW, and of the heterogeneity of family firms.

Keyword
Family firms, Socio-emotional wealth, Socio-symbolic ownership
National Category
Business Administration
Identifiers
urn:nbn:se:hj:diva-35034 (URN)10.1108/MRJIAM-06-2016-0676 (DOI)000392190300004 ()
Available from: 2017-02-09 Created: 2017-02-09 Last updated: 2017-11-29Bibliographically approved
Kuiken, A., Naldi, L. & Nordqvist, M. (2016). Why do some family firms exit from export markets?. In: : . Paper presented at 12th Workshop On Family Firm Management Research bridging The Gap - Integrating Family Business Theory & Practice, Zwolle, The Netherlands, May 13-14, 2016.
Open this publication in new window or tab >>Why do some family firms exit from export markets?
2016 (English)Conference paper, Oral presentation only (Refereed)
National Category
Business Administration
Identifiers
urn:nbn:se:hj:diva-38382 (URN)
Conference
12th Workshop On Family Firm Management Research bridging The Gap - Integrating Family Business Theory & Practice, Zwolle, The Netherlands, May 13-14, 2016
Available from: 2018-01-09 Created: 2018-01-09 Last updated: 2018-01-09Bibliographically approved
Botero, I. C., Cruz, C., De Massis, A. & Nordqvist, M. (2015). Family business research in the European context. European Journal of International Management, 9(2), 139-159
Open this publication in new window or tab >>Family business research in the European context
2015 (English)In: European Journal of International Management, ISSN 1751-6757, E-ISSN 1751-6765, Vol. 9, no 2, p. 139-159Article in journal (Refereed) Published
Abstract [en]

Family businesses are the most ubiquitous form of business organisation in Europe. Yet, most of the existing family business literature has been developed within a North American context. This introductory article builds on existing family business research conducted in the European context to portray Europe as a critically important context for extending our knowledge on important family business topics. It also counts on the view of the Secretary General of European Family Businesses to enhance our understanding of the institutional frameworks that can benefit family businesses in the EU zone. Specifically, the content of the article discusses some contextual factors that might affect the broadness, diversity, uniqueness and growth potential of family business research; identifies some of the interesting research questions that emerge from examining the distinctive traits of the European context; and stimulates further family business work in the European context and comparison with studies conducted in different geographies.

Keyword
Europe, European studies, Family business, Family firms
National Category
Economics and Business
Identifiers
urn:nbn:se:hj:diva-28274 (URN)10.1504/EJIM.2015.067858 (DOI)000352805600001 ()2-s2.0-84924496108 (Scopus ID)IHHCeFEOIS (Local ID)IHHCeFEOIS (Archive number)IHHCeFEOIS (OAI)
Available from: 2015-11-05 Created: 2015-11-05 Last updated: 2017-12-01Bibliographically approved
Sciascia, S., Nordqvist, M., Mazzola, P. & De Massis, A. (2015). Family ownership and R&D intensity in small- and medium-sized firms. The Journal of product innovation management, 32(3), 349-360
Open this publication in new window or tab >>Family ownership and R&D intensity in small- and medium-sized firms
2015 (English)In: The Journal of product innovation management, ISSN 0737-6782, E-ISSN 1540-5885, Vol. 32, no 3, p. 349-360Article in journal (Refereed) Published
Abstract [en]

Research was largely consistent in predicting a negative relationship between family ownership and research and development (R&D) intensity until Chrisman and Patel, using a behavioral agency model (BAM), called this general assumption into question. They argued that publicly owned family firms typically invest less in R&D than nonfamily-owned firms. This behavior may however be reversed if economic performance levels are below family aspirations or if family long-term goals, such as pursuing strong transgenerational family control, are highly valued. While most researchers, like Chrisman and Patel, primarily focused on large listed firms, more research on the relationship between family ownership and R&D intensity in privately held small- and medium-sized enterprises (SMEs) is required. This is because firm size can play an important role in understanding the innovation management behavior of firms. Building on the BAM perspective, in the present paper it is argued that Chrisman and Patel's results can be extended to the context of SMEs, albeit with one important specification: the relationship between family ownership and R&D intensity is likely to be contingent on the way the family has invested its wealth. Specifically, it is contended that in the context of SMEs, where goals are more fluid and mixed, when there is a high overlap between family wealth and firm equity (i.e., most of the family's wealth is invested in the firm) the relationship between family ownership and R&D intensity is negative because of the family owners' greater desire to protect their socioemotional wealth (SEW). However, if the overlap between the family's total wealth and single firm equity is low (i.e., firm equity is just a small part of the total family wealth), the relationship between family ownership and R&D intensity is positive as the low overlap between family wealth and firm equity reduces the family's loss aversion propensity. In such a situation, family ownership is likely to foster R&D intensity because of the long-term orientation of family owners that increases the family firm's propensity to bear the risk of investing in R&D activities. The hypothesis is tested and confirmed in a study of 240 small- and medium-sized firms based in Italy. The paper contributes to the literature in several ways. First, adding to the literature on innovation management and R&D intensity, it increases the understanding of what drives or inhibits R&D investments in SMEs when a family is involved in the ownership of the firm. This is particularly important because research on innovation management, as well as research on R&D intensity in family firms, is primarily focused on large firms and much less on SMEs. Second, the study complements arguments from prior research on the correlates of R&D intensity in large listed firms, showing that the BAM and SEW perspective offer a theoretical framework that is also able to illustrate the complex nature of innovation management in the context of SMEs. Third, the study contributes to research on the effects of family ownership on the general functioning of a firm. In particular, it provides new insights into how family ownership may affect R&D intensity.

Keyword
Economic performance, Innovation management, Long-term goals, Long-term orientation, Research and development, Small and medium sized firms, Small and medium-sized enterprise, Theoretical framework
National Category
Economics and Business
Identifiers
urn:nbn:se:hj:diva-28258 (URN)000352636400004 ()2-s2.0-84926420384 (Scopus ID)IHHCeFEOIS (Local ID)IHHCeFEOIS (Archive number)IHHCeFEOIS (OAI)
Available from: 2015-11-03 Created: 2015-11-03 Last updated: 2017-12-01Bibliographically approved
Nordqvist, M. & Aygören, H. (2015). Gender, ethnicity and identity work in the family business. European Journal of International Management, 9(2), 160-178
Open this publication in new window or tab >>Gender, ethnicity and identity work in the family business
2015 (English)In: European Journal of International Management, ISSN 1751-6757, E-ISSN 1751-6765, Vol. 9, no 2, p. 160-178Article in journal (Refereed) Published
Abstract [en]

We study how family business members form and manage their individual identities in a family business context, attending both to individual and societal circumstances. We depart from the understanding that the institutions of family and business are media by which diverse individual and social identities are mutually enacted, formed and continuously worked out. In order to bring in a combination of important individual and societal influences and processes, we draw a framework of an identity work with a particular focus on two specific habitats of meaning: gender and ethnicity. We show that formation and management of plural identities take a distinctive form, and that the two habitats of meaning - gender and ethnicity - prove to be fundamental in organising and performing in the family business context.

Keyword
gender, ethnicity, identity work, family business, interpretive approach, qualitative research, case study, family firms
National Category
Economics and Business
Identifiers
urn:nbn:se:hj:diva-28257 (URN)10.1504/EJIM.2015.067857 (DOI)000352805600002 ()2-s2.0-84924498789 (Scopus ID)
Available from: 2015-11-03 Created: 2015-11-03 Last updated: 2017-12-01Bibliographically approved
Organisations
Identifiers
ORCID iD: ORCID iD iconorcid.org/0000-0002-3613-4233

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