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Publications (10 of 43) Show all publications
Baù, M., Pittino, D., Chirico, F., Backman, M. & Klaesson, J. (2019). Roots to grow: Family firms and local embeddedness in rural and urban contexts. Entrepreneurship: Theory & Practice, 43(2), 360-385
Open this publication in new window or tab >>Roots to grow: Family firms and local embeddedness in rural and urban contexts
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2019 (English)In: Entrepreneurship: Theory & Practice, ISSN 1042-2587, E-ISSN 1540-6520, Vol. 43, no 2, p. 360-385Article in journal (Refereed) Published
Abstract [en]

The present study analyzes the nexus among business growth, ownership structure, and local embeddedness—that is, the involvement of economic actors in a geographically bound social structure—in rural and urban contexts. This work combines regional economics with studies on family business and firm growth and uses a coarsened matched sample of privately held Swedish firms. The findings indicate that family firms benefit more than nonfamily firms from local embeddedness and as such they achieve higher levels of growth and that this effect is more pronounced in rural areas. Research implications are shared in the Conclusion section.

Place, publisher, year, edition, pages
Sage Publications, 2019
Keywords
business growth, local embeddedness, urban–rural contexts, family firms
National Category
Business Administration
Identifiers
urn:nbn:se:hj:diva-39334 (URN)10.1177/1042258718796089 (DOI)000458813400011 ()2-s2.0-85064328951 (Scopus ID)PP JIBS 2019 (Local ID)PP JIBS 2019 (Archive number)PP JIBS 2019 (OAI)
Available from: 2018-05-02 Created: 2018-05-02 Last updated: 2019-05-07Bibliographically approved
Iyer, D. N., Baù, M., Chirico, F., Patel, P. C. & Brush, T. H. (2018). The triggers of local and distant search: Relative magnitude and persistence in explaining acquisition relatedness. Long range planning
Open this publication in new window or tab >>The triggers of local and distant search: Relative magnitude and persistence in explaining acquisition relatedness
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2018 (English)In: Long range planning, ISSN 0024-6301, E-ISSN 1873-1872Article in journal (Refereed) Epub ahead of print
Abstract [en]

Research on problemistic search has assumed negative attainment discrepancy to be the trigger of both local and distant search. Extending this research, we present and compare two additional triggers: (1) relative attainment discrepancy, which reflects how much a firm's attainment discrepancy deviates from its past negative attainment discrepancies; and (2) persistent attainment discrepancy, which reflects how often the firm experiences below-aspirations performance. Our triggers for distant search model a behavioral explanation for the timing and relatedness of acquisitions. We find support for baseline arguments of problemistic search whereby firms increase both industry- and skill-related acquisitions when they perform below aspirations. When they persistently perform below aspirations, however, this likelihood is reduced and firms engage in acquisitions that are more unrelated, thereby providing support for the notion of expanding search boundaries from local to distant search. Of the two triggers of distant search proposed, relative attainment discrepancy does not induce firms to expand search boundaries. Our results indicate that persistent attainment discrepancy is a key construct to consider when studying the expansion of search boundaries.

Place, publisher, year, edition, pages
Elsevier, 2018
Keywords
Behavioral theory of the firm, Local and distant search, Performance feedback, Related and unrelated acquisitions, Enterprise resource planning, Finance, Behavioral theory of the firms, Search models, Mergers and acquisitions
National Category
Business Administration
Identifiers
urn:nbn:se:hj:diva-39335 (URN)10.1016/j.lrp.2018.03.001 (DOI)XYZ ()2-s2.0-85045191906 (Scopus ID)IHHCeFEOIS (Local ID)IHHCeFEOIS (Archive number)IHHCeFEOIS (OAI)
Available from: 2018-05-02 Created: 2018-05-02 Last updated: 2018-05-02
Chirico, F., Criaco, G., Baù, M., Naldi, L., Gomez-Mejia, L. R. & Kotlar, J. (2018). To patent or not to patent: That is the question. Intellectual property protection in family firms. Entrepreneurship: Theory & Practice
Open this publication in new window or tab >>To patent or not to patent: That is the question. Intellectual property protection in family firms
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2018 (English)In: Entrepreneurship: Theory & Practice, ISSN 1042-2587, E-ISSN 1540-6520Article in journal (Refereed) Epub ahead of print
Abstract [en]

This study examines family firms’ propensity to protect their intellectual property through patents. Building on the mixed gamble logic of the behavioral agency model, we theorize that family ownership has a U-shaped relationship with firm propensity to patent. Specifically, we argue that family firms’ desire to prevent losses of current socioemotional wealth inhibits their propensity to patent until a threshold level of family ownership, beyond which the family’s socioemotional wealth is secured and a greater focus on prospective financial gains attainable through patents is possible. We also suggest that environmental munificence moderates this nonlinear relationship such that a low-munificent environment accentuates the potentially detrimental (beneficial) effects of low-to-medium (medium-to-high) levels of family ownership on patents. We test our hypotheses on a sample of 4,198 small- and medium-sized family firms.

Place, publisher, year, edition, pages
Sage Publications, 2018
Keywords
Intellectual property protection, patent, innovation, environmental munificence, family firms
National Category
Business Administration
Identifiers
urn:nbn:se:hj:diva-41546 (URN)10.1177/1042258718806251 (DOI)IHHCeFEOIS (Local ID)IHHCeFEOIS (Archive number)IHHCeFEOIS (OAI)
Available from: 2018-09-24 Created: 2018-09-24 Last updated: 2019-01-04
Baù, M., Sieger, P., Eddleston, K. A. & Chirico, F. (2017). Fail but try again? The effects of age, gender, and multiple-owner experience on failed entrepreneurs’ reentry. Entrepreneurship: Theory & Practice, 41(6), 909-941
Open this publication in new window or tab >>Fail but try again? The effects of age, gender, and multiple-owner experience on failed entrepreneurs’ reentry
2017 (English)In: Entrepreneurship: Theory & Practice, ISSN 1042-2587, E-ISSN 1540-6520, Vol. 41, no 6, p. 909-941Article in journal (Refereed) Published
Abstract [en]

We investigate what leads failed entrepreneurs to reenter entrepreneurship by taking a developmental career perspective. Specifically, we hypothesize that the age of failed entrepreneurs has a non-linear relationship with the likelihood of reentering entrepreneurship that follows different career stages (early, middle, and late). The gender of failed entrepreneurs and multiple-owner experience in the failed firm are hypothesized to be moderators of this relationship. We test our hypotheses using a database consisting of the Swedish population, including 4,761 entrepreneurs who failed between 2000 and 2004. Analyzing their career paths over the years following their failure offers support for our theoretical expectations.

Place, publisher, year, edition, pages
John Wiley & Sons, 2017
Keywords
entrepreneurship, failure, age, reentry, gender, ownership
National Category
Business Administration
Identifiers
urn:nbn:se:hj:diva-29849 (URN)10.1111/etap.12233 (DOI)000414328100002 ()2-s2.0-84994113003 (Scopus ID)IHHCeFEOIS (Local ID)IHHCeFEOIS (Archive number)IHHCeFEOIS (OAI)
Available from: 2016-05-03 Created: 2016-05-03 Last updated: 2019-03-28Bibliographically approved
Chirico, F., Pathak, S., Baù, M. & Hoskisson, R. (2017). Family versus Non-Family Firm Mergers: Likes Attract Likes, Outperform Opposites. In: : . Paper presented at Strategic Management Society, 37th Annual Conference, October 28-31, 2017, Houston, USA. Strategic Management Society
Open this publication in new window or tab >>Family versus Non-Family Firm Mergers: Likes Attract Likes, Outperform Opposites
2017 (English)Conference paper, Oral presentation with published abstract (Refereed)
Abstract [en]

Using social identity theory, we examine how the identity of the target firm in a family firm-led merger impacts the merged entity’s subsequent performance. We compare family firms’ target preferences and postmerger performance to those of non-family firms, and find that not only are family firms more likely to prefer other family firms as merger partners, but also achieve better post-merger outcomes with them. We test our hypotheses using a large sample of Swedish private firms, which largely controls for national cultural differences. After controlling for endogeneity and self-selection bias, our results support all our hypotheses.

Place, publisher, year, edition, pages
Strategic Management Society, 2017
National Category
Business Administration
Identifiers
urn:nbn:se:hj:diva-38820 (URN)
Conference
Strategic Management Society, 37th Annual Conference, October 28-31, 2017, Houston, USA
Available from: 2018-02-13 Created: 2018-02-13 Last updated: 2018-09-11Bibliographically approved
Baù, M., Block, J. H., Cruz, A. D. & Naldi, L. (2017). Locality and internationalization of family firms. Entrepreneurship and Regional Development, 29(5-6), 570-574
Open this publication in new window or tab >>Locality and internationalization of family firms
2017 (English)In: Entrepreneurship and Regional Development, ISSN 0898-5626, E-ISSN 1464-5114, Vol. 29, no 5-6, p. 570-574Article in journal (Refereed) Published
Place, publisher, year, edition, pages
Taylor & Francis, 2017
Keywords
Business, Management, Location
National Category
Business Administration
Identifiers
urn:nbn:se:hj:diva-35564 (URN)10.1080/08985626.2017.1315501 (DOI)000400239700009 ()IHHCeFEOIS (Local ID)IHHCeFEOIS (Archive number)IHHCeFEOIS (OAI)
Available from: 2017-05-19 Created: 2017-05-19 Last updated: 2019-03-28Bibliographically approved
Chirico, F., Backman, M., Baù, M., Karlsson, M. & Pittino, D. (2017). No Firm is an Island: Local Embeddedness and Rural-Urban Contexts for Business Growth in Family versus non-Family Firms.. In: : . Paper presented at IFERA 2017: annual conference June 28-July 1, 2017, Zadar, Croatia, 2017. International Family Enterprise Research Academy (IFERA)
Open this publication in new window or tab >>No Firm is an Island: Local Embeddedness and Rural-Urban Contexts for Business Growth in Family versus non-Family Firms.
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2017 (English)Conference paper, Oral presentation with published abstract (Refereed)
Place, publisher, year, edition, pages
International Family Enterprise Research Academy (IFERA), 2017
National Category
Business Administration
Identifiers
urn:nbn:se:hj:diva-38823 (URN)
Conference
IFERA 2017: annual conference June 28-July 1, 2017, Zadar, Croatia, 2017
Available from: 2018-02-13 Created: 2018-02-13 Last updated: 2018-09-11Bibliographically approved
Minola, T., Baù, M., De Massis, A., Chirico, F. & Sieger, P. (2017). Slack and Financial Performance in SMEs: Slack Discretion, Family Ownership, and Hi-Tech Sectors. In: Academy of Management Proceedings January 2017 (Meeting Abstract Supplement) 16406: . Paper presented at 2017 Annual Meeting of the Academy of Management, August 4-8, 2017, Atlanta, Georgia, United States. Academy of Management
Open this publication in new window or tab >>Slack and Financial Performance in SMEs: Slack Discretion, Family Ownership, and Hi-Tech Sectors
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2017 (English)In: Academy of Management Proceedings January 2017 (Meeting Abstract Supplement) 16406, Academy of Management , 2017Conference paper, Oral presentation with published abstract (Refereed)
Abstract [en]

Following intensive recent debates, the literature still offers ambiguous results on the ultimate effect of slack resources on firm performance, particularly in small and medium-sized enterprises (SMEs). We address this gap by examining how two different types of slack resources (high- and low-discretion slack) affect firm performance and how these relationships are moderated by family ownership and by operating in a high-tech industry. Using a sample of 8,345 Italian SME we show that slack is not always beneficial to firm performance and that the slack-performance relationship is contingent on both internal and external factors.

Place, publisher, year, edition, pages
Academy of Management, 2017
Series
Academy of Management. Annual Meeting Proceedings, E-ISSN 2151-6561
Keywords
Family ownership, Slack, SMEs
National Category
Business Administration
Identifiers
urn:nbn:se:hj:diva-38876 (URN)10.5465/AMBPP.2017.16406abstract (DOI)
Conference
2017 Annual Meeting of the Academy of Management, August 4-8, 2017, Atlanta, Georgia, United States
Available from: 2018-02-20 Created: 2018-02-20 Last updated: 2018-09-11Bibliographically approved
Sieger, P., Baù, M. & Chirico, F. (2017). The King is Dead, Long Live...Who? Sudden Deaths of Owner-Managers and Successor Characteristics' Performance Implication. In: : . Paper presented at Strategic Management Society, 37th Annual Conference, October 28-31, 2017, Houston, USA. Strategic Management Society
Open this publication in new window or tab >>The King is Dead, Long Live...Who? Sudden Deaths of Owner-Managers and Successor Characteristics' Performance Implication
2017 (English)Conference paper, Oral presentation with published abstract (Refereed)
Abstract [en]

When the owner-manager of a business suddenly dies, who should take over? We address this fundamental but unanswered question by investigating how specific CEO successor characteristics and factors related to their relationships with the firm and the deceased ownermanager affect a firm’s performance distress after the incumbent ownermanager’s sudden death. Drawing on the resource-based view and information asymmetry literature and using a longitudinal sample from Sweden with over 1’500 sudden death events in the period 2000-2007, we reveal multiple interesting findings which offer important implications for theory and practice.

Place, publisher, year, edition, pages
Strategic Management Society, 2017
National Category
Business Administration
Identifiers
urn:nbn:se:hj:diva-38818 (URN)
Conference
Strategic Management Society, 37th Annual Conference, October 28-31, 2017, Houston, USA
Available from: 2018-02-13 Created: 2018-02-13 Last updated: 2018-09-11Bibliographically approved
Minola, T., Baù, M., Chirico, F. & De Massis, A. (2016). Behind Slack and Firm Performance: The Moderating Roles of Family Ownership and High-Tech Industry. In: : . Paper presented at Strategic Management Society 34th annual international conference, 20-23 September, 2014, Madrid, Spain.
Open this publication in new window or tab >>Behind Slack and Firm Performance: The Moderating Roles of Family Ownership and High-Tech Industry
2016 (English)Conference paper, Published paper (Refereed)
National Category
Business Administration
Identifiers
urn:nbn:se:hj:diva-40958 (URN)
Conference
Strategic Management Society 34th annual international conference, 20-23 September, 2014, Madrid, Spain
Available from: 2018-07-06 Created: 2018-07-06 Last updated: 2018-07-06Bibliographically approved
Organisations
Identifiers
ORCID iD: ORCID iD iconorcid.org/0000-0002-7499-9289

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