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  • 1.
    Akhter, Naveed
    et al.
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, ESOL (Entrepreneurship, Strategy, Organization, Leadership). Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership (CeFEO).
    Chirico, Francesco
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, ESOL (Entrepreneurship, Strategy, Organization, Leadership). Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership (CeFEO).
    Accepting and implementing change in family firms within and across generations2012Konferansepaper (Fagfellevurdert)
  • 2.
    Akhter, Naveed
    et al.
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Företagsekonomi. Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership (CeFEO).
    Chirico, Francesco
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Företagsekonomi. Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership (CeFEO).
    Harvest and after: Entrepreneurial recycling in family firm portfolios2014Konferansepaper (Fagfellevurdert)
    Abstract [en]

    Entrepreneurial exit is an integral component of the entrepreneurial process. Yet entrepreneurs often fail to realize the gains from their harvesting activities (Dehlen et al., 2012). This study extends our understanding of entrepreneurial recycling which allows a firm to re-allocate and re-invest the harvested resources (Mason & Harrison, 2006). Although entrepreneurial recycling is viewed as an important element of the post exit process (DeTienne & Chirico, 2013), with few exceptions there is little research present on this phenomenon. This is especially interesting in the case of a special breed of entrepreneurs called portfolio entrepreneurs (DeTienne, 2010; Rosa, 1998) who own multiple businesses simultaneously and undertake multiple exits as compare to entrepreneurs who start and harvest a single venture only (MacMillan, 1986). Theoretical and empirical research suggests that the context of family firms has a profound impact on portfolio entrepreneurship as well as on entrepreneurial recycling strategies (Carter & Ram, 2003).

  • 3.
    Akhter, Naveed
    et al.
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Företagsekonomi. Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership (CeFEO).
    Chirico, Francesco
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership (CeFEO). Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Företagsekonomi.
    If we cannot have it then no one should: Business exit and re-entry2015Konferansepaper (Fagfellevurdert)
  • 4.
    Akhter, Naveed
    et al.
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Företagsekonomi. Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership (CeFEO).
    Chirico, Francesco
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Företagsekonomi. Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership (CeFEO).
    Nordqvist, Mattias
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Företagsekonomi. Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership (CeFEO).
    Entrepreneurial exit strategies in family firm portfolios2013Konferansepaper (Fagfellevurdert)
  • 5.
    Akhter, Naveed
    et al.
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Företagsekonomi. Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership (CeFEO).
    Chirico, Francesco
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Företagsekonomi. Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership (CeFEO).
    Nordqvist, Mattias
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Företagsekonomi. Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership (CeFEO).
    Exit strategies in family firm portfolios2014Konferansepaper (Fagfellevurdert)
  • 6.
    Akhter, Naveed
    et al.
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Företagsekonomi.
    Chirico, Francesco
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Företagsekonomi.
    Nordqvist, Mattias
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Företagsekonomi.
    Surviving the legacy: Sensemaking of emotions and exit in portfolio firmsManuskript (preprint) (Annet vitenskapelig)
  • 7.
    Akhter, Naveed
    et al.
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Företagsekonomi. Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership (CeFEO).
    Chirico, Francesco
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Företagsekonomi. Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership (CeFEO).
    Sieger, P.
    Ramirez-Pasillas, Marcela
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Företagsekonomi. Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership (CeFEO).
    Transgenerational growth in family business portfolios: Strategies and the rural and urban context2017Konferansepaper (Fagfellevurdert)
  • 8.
    Akhter, Naveed
    et al.
    Jönköping University, Internationella Handelshögskolan, IHH, Företagsekonomi. Jönköping University, Internationella Handelshögskolan, IHH, Centre for Family Entrepreneurship and Ownership (CeFEO).
    Chirico, Francesco
    Jönköping University, Internationella Handelshögskolan, IHH, Företagsekonomi. Jönköping University, Internationella Handelshögskolan, IHH, Centre for Family Entrepreneurship and Ownership (CeFEO).
    Sieger, Philipp
    University of St. Gallen, Switzerland.
    If we cannot have it then no one should: Shutting down versus selling in family business portfolios2015Inngår i: Academy of Management Proceedings, January 2015 (Meeting Abstract Supplement) 15764, 2015 / [ed] John Humphreys, 2015Konferansepaper (Fagfellevurdert)
    Abstract [en]

    The present study investigates exit patterns in family business portfolios in times of declining performance. Drawing on social identity theory and a sample of six family business portfolios from Pakistan, we reveal that business families often prefer shutting down satellite portfolio firms rather than selling them. This is found to be mainly driven by the identity fit of the family and the satellite business and the desire to restart it at a later point in time. This study contributes to literature on portfolio entrepreneurship, business exit, and long-term success and endurance of family firms.

  • 9.
    Akhter, Naveed
    et al.
    Jönköping University, Internationella Handelshögskolan, IHH, Företagsekonomi. Jönköping University, Internationella Handelshögskolan, IHH, Centre for Family Entrepreneurship and Ownership (CeFEO).
    Chirico, Francesco
    Jönköping University, Internationella Handelshögskolan, IHH, Företagsekonomi. Jönköping University, Internationella Handelshögskolan, IHH, Centre for Family Entrepreneurship and Ownership (CeFEO).
    Sieger, Philipp
    Fitz-Koch, Sarah
    Jönköping University, Internationella Handelshögskolan, IHH, Företagsekonomi. Jönköping University, Internationella Handelshögskolan, IHH, Centre for Family Entrepreneurship and Ownership (CeFEO).
    Portfolio entrepreneurship in family firms: A review and agenda for future research2020Konferansepaper (Fagfellevurdert)
  • 10.
    Akhter, Naveed
    et al.
    Jönköping University, Internationella Handelshögskolan, IHH, Företagsekonomi. Jönköping University, Internationella Handelshögskolan, IHH, Centre for Family Entrepreneurship and Ownership (CeFEO).
    Edwards, Mark G.
    Jönköping University, Internationella Handelshögskolan, IHH, Företagsekonomi. Jönköping University, Internationella Handelshögskolan, IHH, Media, Management and Transformation Centre (MMTC). Jönköping University, Internationella Handelshögskolan, IHH, Centre for Family Entrepreneurship and Ownership (CeFEO).
    Ijaz, Rida
    Jönköping University, Internationella Handelshögskolan, IHH, Företagsekonomi.
    Chirico, Francesco
    Jönköping University, Internationella Handelshögskolan, IHH, Företagsekonomi. Jönköping University, Internationella Handelshögskolan, IHH, Centre for Family Entrepreneurship and Ownership (CeFEO).
    Rich at heart and empty pockets: Bricoleuring entrepreneurial resourcefulness in extreme contexts2020Konferansepaper (Fagfellevurdert)
  • 11.
    Akhter, Naveed
    et al.
    Jönköping University, Internationella Handelshögskolan, IHH, Företagsekonomi. Jönköping University, Internationella Handelshögskolan, IHH, Centre for Family Entrepreneurship and Ownership (CeFEO). Strategies and Markets Department, ESSCA School of Management, Angers, France.
    Sieger, Philipp
    Department of Management and Entrepreneurship, University of Bern, Bern, Switzerland.
    Chirico, Francesco
    Jönköping University, Internationella Handelshögskolan, IHH, Företagsekonomi. Jönköping University, Internationella Handelshögskolan, IHH, Centre for Family Entrepreneurship and Ownership (CeFEO). EGADE Business School, Tecnológico de Monterrey, Monterrey, Mexico.
    If we can't have it, then no one should: Shutting down versus selling in family business portfolios2016Inngår i: Strategic Entrepreneurship Journal, ISSN 1932-4391, E-ISSN 1932-443X, Vol. 10, nr 4, s. 371-394Artikkel i tidsskrift (Fagfellevurdert)
    Abstract [en]

    How does a business family manage its business portfolio in times of declining performance to sustain the portfolio's long-term endurance? Drawing on social identity theory and six family business portfolios from Pakistan, we find that business families may prefer to shut down a satellite business rather than sell it, which is primarily driven by identity considerations. In addition, the family's goal to recycle the assets, the aim to restart the business later, and the increasing decline in performance are important contingency factors. This study contributes to the literature on portfolio entrepreneurship, business exit, and the enduring entrepreneurship of family firms.

    Fulltekst (pdf)
    Preprint
  • 12.
    Arregle, Jean-Luc
    et al.
    EM Lyon Business School, Écully, France.
    Chirico, Francesco
    Jönköping University, Internationella Handelshögskolan, IHH, Företagsekonomi. Jönköping University, Internationella Handelshögskolan, IHH, Centre for Family Entrepreneurship and Ownership (CeFEO).
    Kano, Liena
    Haskayne School of Business, University of Calgary, Calgary, Canada.
    Kundu, Sumit K.
    Department of International Business, College of Business, Florida International University, Miami, United States.
    Majocchi, Antonio
    Dipartimento di impresa e management, Luiss Guido Carli, Rome, Italy.
    Schulze, William S.
    David Eccles School of Business, University of Utah, Salt Lake City, United States.
    Family firm internationalization: Past research and an agenda for the future2021Inngår i: Journal of International Business Studies, ISSN 0047-2506, E-ISSN 1478-6990, Vol. 52, s. 1156-1198Artikkel i tidsskrift (Fagfellevurdert)
    Abstract [en]

    Although the study of family firm internationalization has generated considerable scholarly attention, existing research has offered varied and at times incompatible findings on how family ownership and management shape internationalization. To improve our understanding of family firm internationalization, we systematically review 220 conceptual and empirical studies published over the past three decades, structuring our comprehensive overview of this field according to seven core international business (IB) themes. We assess the literature and propose directions for future research by developing an integrative framework of family firm internationalization that links IB theory with conceptual perspectives used in the reviewed body of work. We propose a research agenda that advocates a cross-disciplinary, multi-theoretic, and cross-level approach to studying family firm internationalization. We conclude that family firm internationalization research has the potential to contribute valuable insights to IB scholarship by increasing attention to conceptual and methodological issues, including micro-level affective motivations, background social institutions, temporal perspectives, and multi-level analyses.

  • 13.
    Bahuleyan, Athira
    et al.
    Department of Management, Macquarie Business school, Macquarie University, Sydney, NSW, Australia.
    Chavan, Meena
    Department of Management, Macquarie Business school, Macquarie University, Sydney, NSW, Australia.
    Krzeminska, Anna
    Department of Management, Macquarie Business school, Macquarie University, Sydney, NSW, Australia.
    Chirico, Francesco
    Jönköping University, Internationella Handelshögskolan, IHH, Företagsekonomi. Jönköping University, Internationella Handelshögskolan, IHH, Centre for Family Entrepreneurship and Ownership (CeFEO). Department of Management, Macquarie Business school, Macquarie University, Sydney, NSW, Australia.
    Process and variance research: Integrating research on university spinoff evolution2024Inngår i: Technovation, ISSN 0166-4972, E-ISSN 1879-2383, Vol. 130, artikkel-id 102920Artikkel i tidsskrift (Fagfellevurdert)
    Abstract [en]

    University spinoffs (USOs) are firms created to commercialize research outcomes or innovative technologies developed by university members. This paper adopts a systematic literature review approach for exploring the trajectory of the USO research field. It categorizes the literature based on two perspectives: the process of how USOs develop and what factors can explain the variance of USO development; the paper critically examines the USO literature through these two lenses. By integrating these two perspectives and examining 120 peer-reviewed journal articles published between 1987 and 2022, we develop a comprehensive model of USO development. The paper contributes to the extant literature on academic entrepreneurship by contending that while the “how” and “what” questions pose unique challenges for USO scholars, they cannot be separated because the process and variance models are complementary and important in advancing research on USOs. As such, we explore and identify specific factors that affect each of the distinct phases of the USO development at the institutional, organizational, and individual levels of analysis which form the basis for a rich future research agenda.

    Fulltekst (pdf)
    fulltext
  • 14.
    Baù, Massimo
    et al.
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership (CeFEO). Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Företagsekonomi.
    Baboukardos, Diogenis
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Företagsekonomi. Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership (CeFEO).
    Chirico, Francesco
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Företagsekonomi. Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership (CeFEO).
    Voluntary Adoption of International Financial Reporting Standards and the Role of Family Ownership2014Inngår i: Co-operation Within and Amongst Family Businesses: Conference Proceedings: IFERA 2014 Annual Conference June 24-27, 2014, Lappeenranta, Finland, The International Family Enterprise Research Academy (IFERA) , 2014, s. 79-79Konferansepaper (Fagfellevurdert)
  • 15.
    Baù, Massimo
    et al.
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Företagsekonomi. Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership (CeFEO).
    Chirico, Francesco
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership (CeFEO). Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Företagsekonomi.
    Hoskisson, Robert E.
    Rice University, USA.
    Pathak, Seemantini Madhukar
    University of Missouri, USA.
    Acquisition and Divestitures in Family and Non-Family Firms2015Konferansepaper (Fagfellevurdert)
    Abstract [en]

    Combining the core-periphery model with family firm literature, we find that family firms exhibit unique acquisition and divestiture behaviors. Analyzing a sample of Swedish privately held limited companies we find that family firms acquire and divest distant, unrelated and larger but fewer businesses. In addition to economic objectives, family firms pursuing non-economic objectives prefer to buy and sell unrelated businesses at longer geographic distances to lower impact on their core business from their restructuring activities.

  • 16.
    Baù, Massimo
    et al.
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Företagsekonomi. Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership (CeFEO).
    Chirico, Francesco
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Företagsekonomi. Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership (CeFEO).
    Hoskisson, Robert E.
    Jesse H. Jones Graduate School of Business, Rice University.
    Pathak, Seemantini Madhukar
    College of Business Administration at the University of Missouri – St. Louis .
    Family versus non-Family Firm Mergers: Likes Attract Likes, but Complementarity also Helps2018Inngår i: Academy of Management Proceedings: Academy of Management, 2018, artikkel-id 1Konferansepaper (Fagfellevurdert)
    Abstract [en]

    Using social identity theory and the concept of acculturation, 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 post- merger 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. Further, we test the moderating effect of industry unrelatedness on these relationships. Our results show that while cultural similarity helps post-merger outcomes, strategic and resource complementarity enhances the benefits of culture. 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.

  • 17.
    Baù, Massimo
    et al.
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Företagsekonomi. Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership (CeFEO).
    Chirico, Francesco
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership (CeFEO). Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Företagsekonomi.
    Hoskisson, Robert E.
    Rice University, USA.
    Pathak, Seemantini Madhukar
    University of Missouri, USA.
    Portfolio Restructuring in Family and Non-Family-Controlled Firms2016Inngår i: Academy of Management Proceedings, January 2016 (Meeting Abstract Supplement) 12016 / [ed] John Humphreys, Academy of Management , 2016Konferansepaper (Fagfellevurdert)
    Abstract [en]

    Are family firms’ corporate restructuring behaviors distinct from those of non-family firms? Although the corporate restructuring literature has drawn on economic motives for restructuring, recent developments in the family business literature suggest that both economic and noneconomic motives may result in distinct restructuring behaviors between family and non-family firms. We use Swedish Census data and draw on a sample of privately held family and non-family Swedish firms for the period between 2004 and 2007. Applying the core- periphery model to the family-firm corporate-restructuring context, we posit that family firms undertake restructuring at the periphery of their business to lower the impact on their core business. Our results support our arguments and show that compared with non-family firms, family firms acquire and divest more geographically distant, unrelated and larger but fewer businesses.

  • 18.
    Baù, Massimo
    et al.
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Företagsekonomi. Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership (CeFEO).
    Chirico, Francesco
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Företagsekonomi. Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership (CeFEO).
    Pittino, Daniel
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Företagsekonomi. Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership (CeFEO).
    Modes of Business Entry and Exit in Family Firms: The Role of Resource Intangibility2018Inngår i: Academy of Management Proceedings: Academy of Management, 2018, Vol. 1Konferansepaper (Fagfellevurdert)
    Abstract [en]

    Are family firms’ business entry (internal development versus acquisition) and exit (dissolution versus sale) mode choices distinct from those of non-family firms, and what is the role played by intangible resources? Building on a comprehensive sample of privately-held Swedish firms, we find that family firms are more likely than non-family firms to enter a new business via internal development than acquisition, and more likely to exit from an existing business via dissolution than sale. Additionally, resource intangibility at the organizational level strengthens the differences in exit and entry modes between family and non-family firms such that compared to non-family firms, family firms are increasingly more likely to rely on the internal development and dissolution of business units as the availability of intangible resources increase. Contributions to existing literature on entry and exit modes and on family business’ strategic choices are shared in the concluding section.

  • 19.
    Baù, Massimo
    et al.
    Jönköping University, Internationella Handelshögskolan, IHH, Företagsekonomi. Jönköping University, Internationella Handelshögskolan, IHH, Centre for Family Entrepreneurship and Ownership (CeFEO).
    Chirico, Francesco
    Jönköping University, Internationella Handelshögskolan, IHH, Företagsekonomi. Jönköping University, Internationella Handelshögskolan, IHH, Centre for Family Entrepreneurship and Ownership (CeFEO).
    Pittino, Daniel
    Jönköping University, Internationella Handelshögskolan, IHH, Företagsekonomi. Jönköping University, Internationella Handelshögskolan, IHH, Centre for Family Entrepreneurship and Ownership (CeFEO). EGADE Business Sch, Tecnol Monterrey, San Pedro Garza Garcia, Mexico.
    Backman, Mikaela
    Jönköping University, Internationella Handelshögskolan, IHH, Nationalekonomi. Jönköping University, Internationella Handelshögskolan, IHH, Centre for Entrepreneurship and Spatial Economics (CEnSE).
    Klaesson, Johan
    Jönköping University, Internationella Handelshögskolan, IHH, Nationalekonomi. Jönköping University, Internationella Handelshögskolan, IHH, Centre for Entrepreneurship and Spatial Economics (CEnSE). Res Inst Ind Econ, Stockholm, Sweden.
    Roots to grow: Family firms and local embeddedness in rural and urban contexts2019Inngår i: Entrepreneurship: Theory & Practice, ISSN 1042-2587, E-ISSN 1540-6520, Vol. 43, nr 2, s. 360-385Artikkel i tidsskrift (Fagfellevurdert)
    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.

    Fulltekst (pdf)
    fulltext
  • 20.
    Baù, Massimo
    et al.
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership (CeFEO). Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Företagsekonomi.
    Chirico, Francesco
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership (CeFEO).
    Zahra, Shaker
    Carlson School of Management.
    Self-Employment Or Employment After Exit: The Effect Of An Entrepreneur’s Age And Gender2013Inngår i: Frontiers of Entrepreneurship Research 2013 : Proceedings of the Thirty-third Annual Entrepreneurship Research Conference / [ed] Andrew Zacharakis, Boston: Babson College , 2013, Vol. 33, artikkel-id 1Konferansepaper (Fagfellevurdert)
    Abstract [en]

    Building on career literature, we predict that an entrepreneur’s age at the time of re-entry has a unique and complex non-linear effect on the choice to become self-employed versus employed after an exit. Based on a database covering the whole Swedish population, we studied 79,356 entrepreneurs who experienced exit in a five year window (2000-2004) and we examined their career choice as self-employed versus employed. Our results show an inverted S-shaped curve which follows the career lifecycle stages (early, middle, and late). Also, we demonstrate that gender (man vs. woman) moderate the entrepreneur’s age/re-entry relationship.

  • 21.
    Baù, Massimo
    et al.
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Företagsekonomi. Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership (CeFEO).
    Eddleston, Kimberly A.
    D'Amore-McKim School of Business, Northeastern University, USA.
    Melin, Leif
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Företagsekonomi. Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership (CeFEO).
    Becoming manager in a family firm: A gendered path2015Konferansepaper (Fagfellevurdert)
    Abstract [en]

    Women in business have been often described as invisible (Allen & Langowitz, 2003) resulting in calls for research to investigate women’s contributions to family firms (FF) (Martinez Jimenez, 2009). Female employees can legitimately accuse the existence of “glass ceiling” that prevent their advancement in the managerial ranks (Powell, 1999). Compared with male employees in equivalent positions, female employees may find that their perspectives are overlooked and their contributions devalued (Ridgeway et al., 2009).

    Our interest is in better understanding this discrimination and possible ways to change it. How do education, job tenure, job category and industry knowledge impact on the probability of being promoted to managerial positions in FF and non FF? How does gender moderate this probability?

    To answer these questions we employee a mixed method approach. In the quantitative part, we adopt a longitudinal dataset produced by Statistics Sweden with annual observations on all Swedish privately held firms, Swedish inhabitants, and family ties. This allow us to reconstruct the career path of all the employees that received a promotion to a managerial position in a Swedish company in the last 10 years. Our unique dataset allows us to match their salaries and career development recognizing the existence of gender discrimination. These results will be illustrated through a qualitative part, with interesting cases offering an in-depth understanding of the phenomenon.

    Our results confirm the existence of gender discrimination, for example in the salary paid by Swedish companies. Understanding the impact of educational choices, job categories and family choices on career paths for men and women, offers fundamental insights for managers, HR specialists, and policy makers. Moreover, it provides a unique opportunity for this interactive workshop to discuss the family business values, and how to develop a stronger family business responsibility against gender discriminations.

  • 22.
    Baù, Massimo
    et al.
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership (CeFEO). Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Företagsekonomi.
    Eddleston, Kimberly
    Northeastern University.
    Chirico, Francesco
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Företagsekonomi. Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership (CeFEO).
    Lucia, Naldi
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Företagsekonomi. Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership (CeFEO).
    Parental Altruism. Special Treatment for Offspring in Business?2014Konferansepaper (Fagfellevurdert)
  • 23.
    Baù, Massimo
    et al.
    Jönköping University, Internationella Handelshögskolan, IHH, Företagsekonomi. Jönköping University, Internationella Handelshögskolan, IHH, Centre for Family Entrepreneurship and Ownership (CeFEO).
    Karlsson, Johan
    Jönköping University, Internationella Handelshögskolan, IHH, Centre for Family Entrepreneurship and Ownership (CeFEO).
    Haag, Kajsa
    Jönköping University, Internationella Handelshögskolan, IHH, Företagsekonomi. Jönköping University, Internationella Handelshögskolan, IHH, Centre for Family Entrepreneurship and Ownership (CeFEO).
    Pittino, Daniel
    Jönköping University, Internationella Handelshögskolan, IHH, Företagsekonomi. Jönköping University, Internationella Handelshögskolan, IHH, Centre for Family Entrepreneurship and Ownership (CeFEO). Jönköping University, Internationella Handelshögskolan, IHH, Centre for Entrepreneurship and Spatial Economics (CEnSE).
    Chirico, Francesco
    Jönköping University, Internationella Handelshögskolan, IHH, Företagsekonomi. Jönköping University, Internationella Handelshögskolan, IHH, Centre for Family Entrepreneurship and Ownership (CeFEO). Department of Economics and Statistics, University of Udine, Udine, Italy.
    Employee layoffs in times of crisis: do family firms differ?2024Inngår i: Entrepreneurship and Regional Development, ISSN 0898-5626, E-ISSN 1464-5114Artikkel i tidsskrift (Fagfellevurdert)
    Abstract [en]

    In this study, we seek to understand firm behaviour during times of crisis, with a particular focus on family firms in different contexts. We theorize that family control mitigates (i.e. negatively moderates) the relationship between economic crisis and the layoff of employees, resulting in a higher propensity of family firms to retain their employees during a crisis compared to their nonfamily counterparts. Furthermore, taking a closer look at family firms, based on their location, we argue that family firms in rural regions are more likely to adopt measures leading to involuntary job turnover than family firms in urban areas due to a higher sensitivity to the loss of socioemotional wealth following a business closure. Relying on a panel dataset of Swedish private firms active in the period 2004-2012, our study contributes to a better understanding of family firms as employers in different contexts.

  • 24.
    Baù, Massimo
    et al.
    Jönköping University, Internationella Handelshögskolan, IHH, Företagsekonomi. Jönköping University, Internationella Handelshögskolan, IHH, Centre for Family Entrepreneurship and Ownership (CeFEO).
    Sieger, Philipp
    University of St. Gallen & University of Bern, Switzerland.
    Eddleston, Kimberly A.
    D'Amore-McKim School of Business, Northeastern University, USA.
    Chirico, Francesco
    Jönköping University, Internationella Handelshögskolan, IHH, Företagsekonomi. Jönköping University, Internationella Handelshögskolan, IHH, Centre for Family Entrepreneurship and Ownership (CeFEO).
    Fail but try again? The effects of age, gender, and multiple-owner experience on failed entrepreneurs’ reentry2017Inngår i: Entrepreneurship: Theory & Practice, ISSN 1042-2587, E-ISSN 1540-6520, Vol. 41, nr 6, s. 909-941Artikkel i tidsskrift (Fagfellevurdert)
    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.

    Fulltekst (pdf)
    fulltext
  • 25.
    Caccamo, Marta
    et al.
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Företagsekonomi. Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership (CeFEO).
    Pittino, Daniel
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Företagsekonomi. Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership (CeFEO).
    Chirico, Francesco
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Företagsekonomi. Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership (CeFEO). Tecnológico de Monterrey, EGADE Business School, San Pedro Garza García, Mexico.
    Family firm density and likelihood of failure: An ecological perspective2019Inngår i: The Palgrave handbook of heterogeneity among family firms / [ed] S. Memili & C. Dibrell, Basingstoke: Palgrave Macmillan, 2019, s. 821-846Kapittel i bok, del av antologi (Fagfellevurdert)
    Abstract [en]

    This chapter aims at establishing a link between family business research and regional science. Drawing from the density dependence model from organizational ecology and embeddedness theory, we develop four testable propositions to inquire about the effect of the emergence of family firms’ agglomerations in the territory on firms’ survival.

    We theorize that increased family firm density reduces the likelihood of firm failure and this effect is (a) higher for family firms than for non-family firms, (b) lower in urban than in rural areas, and (c) higher in fine-grained variable environments than in stable environments. Contributions and future research implications are detailed in the concluding section.

  • 26.
    Campopiano, Giovanna
    et al.
    Witten/Herdecke University, Witten, Germany.
    De Massis, Alfredo
    Lancaster University Management School, Centre for Family Business, IEED, Lancaster, UK.
    Chirico, Francesco
    Jönköping University, Internationella Handelshögskolan, IHH, Centre for Family Entrepreneurship and Ownership (CeFEO).
    Firm Philanthropy in Small- and Medium-Sized Family Firms: The Effects of Family Involvement in Ownership and Management2014Inngår i: Family Business Review, ISSN 0894-4865, E-ISSN 1741-6248, Vol. 27, nr 3, s. 244-258Artikkel i tidsskrift (Fagfellevurdert)
    Abstract [en]

    Drawing on stewardship theory and arguments in relation to social and reputational capital, this study investigates how family involvement affects engagement in firm philanthropy in small- and medium-sized family firms. Specifically, we argue that family involvement in ownership positively influences firm philanthropy while its interaction with family involvement in management produces a negative effect. Based on a sample of 130 Italian family firms, our findings offer important implications for theory and practice and pave the way for future research in the field of philanthropy in the family firm context.

  • 27.
    Carnes, Christina
    et al.
    University of Nebraska-Lincoln, USA.
    Hitt, Michael A.
    Texas A&M University and TCU, USA.
    Sirmon, David
    University of Washington, USA.
    Chirico, Francesco
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership (CeFEO). Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Företagsekonomi.
    Wook Huh, Dong
    Frostburg State University, USA.
    The Contingent Effect of Synchronization on Leveraging Resources for Innovation2016Konferansepaper (Fagfellevurdert)
    Abstract [en]

    Leveraging resources to exploit opportunities in external markets is at the heart of innovation. However, research suggests that leveraging resources is complicated and fraught with challenges. Building on work in resource orchestration by integrating behavioral logic relating to search behaviors and use of slack resources, we argue synchronization of internal activities enhances the innovation gains of a firm’s leveraging strategy (resource advantage, market opportunity, and entrepreneurial). We further suggest that this impact of synchronization on leveraging strategy and innovation is dependent on firms’ performance relative to social aspirations, elucidating boundary conditions of resource orchestration. Our findings offer theoretical and practical implications for understanding the influence of synchronization, leveraging strategies, and firm performance on innovation.

  • 28. Carnes, Christina M.
    et al.
    Hitt, Michael A.
    Huh, Dong Wook
    Chirico, Francesco
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Företagsekonomi. Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership (CeFEO).
    Sirmon, David
    The Influence of Synchronization and Performance on Strategic Choice and Innovation2013Inngår i: Academy of Management Proceedings: Vol. 2013, No. 1, 2013Konferansepaper (Fagfellevurdert)
    Abstract [en]

    Leveraging resources to exploit opportunities in external markets is at the heart of innovation. However, theory suggests that leveraging resources is a complicated affair, fraught with potential challenges. Building on work in resource orchestration, we argue that firms achieve superior innovation when their strategy used to leverage resources is synchronized with several resource orchestration processes – namely structuring and bundling. However, such synchronization is not easily achieved. Using prospect theory, we argue and find that prior performance and accompanying managerial biases influence which strategies are chosen to drive innovation and that these same influences are affected by the level of synchronization. Thus, working to leverage firm resources to achieve innovation requires the synchronization of several processes to produce the greatest outcomes.

  • 29.
    Carnes, Christina Matz
    et al.
    University of Nebraska-Lincoln.
    Chirico, Francesco
    Jönköping University, Internationella Handelshögskolan, IHH, Företagsekonomi. Jönköping University, Internationella Handelshögskolan, IHH, Centre for Family Entrepreneurship and Ownership (CeFEO).
    Hitt, Michael A.
    Texas A&M University.
    Huh, Dong Wook
    Frostburg State University.
    Pisano, Vincenzo
    University of Catania.
    Resource Orchestration for Innovation: Structuring and Bundling Resources in Growth- and Maturity-Stage Firms2016Inngår i: Long range planning, ISSN 0024-6301, E-ISSN 1873-1872, Vol. 50, nr 4, s. 472-486Artikkel i tidsskrift (Fagfellevurdert)
    Abstract [en]

    Innovation is an important outcome for firms across all life-cycle stages, though challenges to this goal vary by a firm's stage of development. In this study, we integrate resource orchestration with contingency theory to theorize how managers differentially orchestrate their firm's resource portfolio and capabilities to develop innovation based on the firm's life-cycle stage. Empirical tests using primary data collected from 189 managers of U.S. and Italian firms based on the policy capturing method provide support for our hypotheses. Overall, this research contributes to our understanding of how firms manage their resources to create innovation over the firm's life-cycle.

    Fulltekst (pdf)
    Preprint
  • 30.
    Carnes, Christina Matz
    et al.
    Kelley School of Business, Indiana University, Bloomington, IN, USA.
    Hitt, Michael A.
    Mays Business School, Texas A&M University, College Station, TX, USA.
    Sirmon, David G.
    Foster School of Business, University of Washington, Seattle, WA, USA.
    Chirico, Francesco
    Jönköping University, Internationella Handelshögskolan, IHH, Företagsekonomi. Jönköping University, Internationella Handelshögskolan, IHH, Centre for Family Entrepreneurship and Ownership (CeFEO). Macquarie Business School, Macquarie University, Sydney, NSW, Australia.
    Huh, Dong Wook
    Frostburg State University, Frostburg, MD, USA.
    Leveraging Resources For Innovation: The Role of Synchronization2022Inngår i: The Journal of product innovation management, ISSN 0737-6782, E-ISSN 1540-5885, Vol. 39, nr 2, s. 160-176Artikkel i tidsskrift (Fagfellevurdert)
    Abstract [en]

    Leveraging resources to develop innovation is central to exploiting market opportunities yet doing so is complex and fraught with challenges. This study explores some of this complexity by theoretically detailing and empirically examining the critical role that synchronization plays in the process of leveraging resources to create innovation. Specifically, we integrate resource orchestration with the behavioral theory of the firm to investigate the joint effect of synchronization and leveraging strategies on innovation under different performance conditions. Using policy capturing methodology resulting in 3,600 observations from 120 managers, we find empirical evidence that synchronization can enhance innovation outcomes of all leveraging strategies. Yet, this positive synergistic effect occurs in high performing firms that use the resource advantage and market opportunity leveraging strategies and in low performing firms that use the entrepreneurial leveraging strategy. Our theory and results offer important contributions to the innovation and resource orchestration literatures. First, our study offers a contextually rich examination of innovation, suggesting that it is not only resources, but also managerial actions and a firm?s relative performance that drive innovation outcomes. Specifically, this study adds to our knowledge of the relationship between resources and innovation strategies by investigating the impact of synchronization ? a key contingency in understanding the effects of resources on innovation. Second, we examine boundary conditions of synchronization?s influence by integrating behavioral logic in the context of relative firm performance. Mixed evidence exists on the synergistic effect of valuable capabilities, with some studies showing increased gains and others finding evidence of a neutral relationship. This study begins to disentangle these findings by suggesting that resource leveraging strategies and synchronization together enhance innovation when the strategy aligns with the firm?s relative performance aspirations, answering calls for the development of a more nuanced understanding of the pursuit of innovation.

    Fulltekst (pdf)
    Preprint
  • 31.
    Chavan, Meena
    et al.
    Macquarie Univ, Macquarie Pk, NSW, Australia.
    Chirico, Francesco
    Jönköping University, Internationella Handelshögskolan, IHH, Företagsekonomi. Jönköping University, Internationella Handelshögskolan, IHH, Centre for Family Entrepreneurship and Ownership (CeFEO).
    Taksa, Lucy
    Deakin Business Sch, Management, Burwood, Vic, Australia.
    Alam, Muhammad Aftab
    Macquarie Univ, Macquarie Pk, NSW, Australia.
    How Do Immigrant Family Businesses Achieve Global Expansion: An Embeddedness Perspective2023Inngår i: Academy of Management Discoveries, E-ISSN 2168-1007, Vol. 9, nr 2, s. 210-237Artikkel i tidsskrift (Fagfellevurdert)
    Abstract [en]

    Extant literature on immigrant family businesses (IFBs) refers to the vital role of embeddedness in their success. Yet, little is known about how embeddedness evolves from family to global and how it helps IFBs to establish themselves in a host country, survive the related challenges, and thrive in the international market. By drawing on the lived experience of 25 highly successful family business entrepreneurs in Australia, we develop an integrated process model and identify a four-phase chronology of IFBs’ success toward global expansion: arriving, establishing, expanding, and thriving. Further, this model links these transitory phases to the IFBs’ embeddedness that evolves from family to local, host-country, and global. Our findings suggest that while family embeddedness is critical over time, its scope is limited as the IFBs form new, more extensive networks toward the global market. IFBs act as boundary spanners, blending local and international resources to create value. The theoretical and practical implications of our findings are shared in the concluding section.

  • 32.
    Chirico, Francesco
    University of Lugano.
    An empirical examination of the FITS family-business model2007Inngår i: The Management Case Study Journal, ISSN 1445-033X, Vol. 7, nr 1, s. 55-77Artikkel i tidsskrift (Fagfellevurdert)
    Abstract [en]

    The present case study research is based on the 'FITS family-business model' aimed at exploring the process that leads to value creation in family business through the lens of knowledge, dynamic capabilities and family culture. Four family-business case studies from Italy and Switzerland are presented and interesting results emerge to support the FITS's view of value creation in family business. Case studies have been analysed and developed closely with the practising entrepreneurs of the family business interviewed.

  • 33.
    Chirico, Francesco
    University of Lugano.
    Improving the long-run survival of family firms: Knowledge-management and resource-shedding processes2008Doktoravhandling, med artikler (Annet vitenskapelig)
  • 34.
    Chirico, Francesco
    University of Lugano, Switzerland.
    Knowledge accumulation in family firms: evidence from four case studies2008Inngår i: International Small Business Journal, ISSN 0266-2426, E-ISSN 1741-2870, Vol. 26, nr 4, s. 433-462Artikkel i tidsskrift (Fagfellevurdert)
    Abstract [en]

    The aim of this article is to make a contribution to the understanding of how knowledge can be accumulated in family business. Four family firms from Switzerland and Italy are part of this research. Existing literature combined with the case studies analysed lead to the development of a model that outlines factors responsible for knowledge accumulation viewed as an `enabler of longevity' in family business.The relationships depicted in the model can be read by researchers as hypotheses and suggestions for further research, and by managers as possible factors needed to accumulate knowledge in order to be successful across generations.

    Fulltekst (pdf)
    fulltext
  • 35.
    Chirico, Francesco
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership. University of Lugano.
    Knowledge models in family business: evidence from Ticino region (Switzerland)2008Inngår i: Culture-Specific Models of Family Businesses: A Compendium using GLOBE Paradigm / [ed] Gupta, V., Levenburg, N., Moore, L., Motwani, J., and Schwarz, T., ICFAI Press , 2008Kapittel i bok, del av antologi (Fagfellevurdert)
  • 36.
    Chirico, Francesco
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Företagsekonomi. Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership (CeFEO).
    The creation, sharing and transfer of knowledge in family business2008Inngår i: Journal of Small Business and Entrepreneurship, ISSN 0827-6331, E-ISSN 2169-2610, Vol. 21, nr 4, s. 413-433Artikkel i tidsskrift (Fagfellevurdert)
    Abstract [en]

    This present research aims at investigating how "knowledge-related human capital" can be accumulated, i.e. created, shared and transferred, in family business over time. "Knowledge-related human capital" is viewed as pure knowledge and skill which family members have gained and developed through education and experience within and outside the organization. Two wine-producing family firms from Switzerland and a liqueur family firm from Italy are part of this research. A tentative knowledge model is presented at the end of the study. It analyses factors responsible for the accumulation process of knowledge in family business across generations.

  • 37.
    Chirico, Francesco
    et al.
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership (CeFEO). Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Företagsekonomi.
    Backman, Mikaela
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Nationalekonomi. Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Centre for Entrepreneurship and Spatial Economics (CEnSE).
    Baù, Massimo
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Företagsekonomi. Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership (CeFEO).
    Karlsson, M.
    Pittino, Daniel
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership (CeFEO).
    No Firm is an Island: Local Embeddedness and Rural-Urban Contexts for Business Growth in Family versus non-Family Firms.2017Konferansepaper (Fagfellevurdert)
  • 38.
    Chirico, Francesco
    et al.
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership (CeFEO). Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Företagsekonomi.
    Baù, Massimo
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Företagsekonomi. Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership (CeFEO).
    Financial Distress in Family and Non-Family-Controlled Firms2016Inngår i: Academy of Management Proceedings, January 2016 (Meeting Abstract Supplement) 12016 / [ed] John Humphreys, Academy of Management , 2016Konferansepaper (Fagfellevurdert)
    Abstract [en]

    In this study we heed the call from a growing number of scholars to extend our understanding of performance differences between family and non-family firms. Drawing on the mixed gamble logic of the behavioral agency model and the socioemotional wealth prospective, we provide a more fine-grained understanding of the unique role and diverse logic of dominant owners in relation to performance outcomes. Our findings suggest that family firms are the worst among the best (i.e. among firms that do not experience financial distress, they perform worse) and the best among the worst (i.e. among firms that experience financial distress, they perform better), which we attribute to the fact that family owners have more firm specific current wealth to lose (including not only financial wealth but also SEW), and as such respond differently to financial distress.

  • 39.
    Chirico, Francesco
    et al.
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership (CeFEO).
    Baù, Massimo
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership (CeFEO).
    Is the Family an "Asset" or "Liability" for Firm Performance? The Moderating Role of Environmental Dynamism2014Inngår i: Journal of small business management (Print), ISSN 0047-2778, E-ISSN 1540-627X, Vol. 52, nr 2, s. 210-225Artikkel i tidsskrift (Fagfellevurdert)
    Abstract [en]

    By integrating the stewardship and agency perspectives, our study extends the understanding of the dynamics that regulate the family as either an asset or liability for the firm. Our results show that the percentage of family members on the top management team (TMT) has an inverted U-shaped relationship with firm performance. However, when environmental dynamism is low this curvilinear relationship becomes steeper. When environmental dynamism is high, an increased percentage of family members on the TMT enhances firm performance.

    Fulltekst (pdf)
    fulltext
  • 40.
    Chirico, Francesco
    et al.
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Företagsekonomi. Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership (CeFEO).
    Baù, Massimo
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership (CeFEO). Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Företagsekonomi.
    Is the Family an Asset or Liability? The Role of Environmental Dynamism on Family Firm Performance2013Konferansepaper (Fagfellevurdert)
  • 41.
    Chirico, Francesco
    et al.
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Företagsekonomi. Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership (CeFEO).
    Baù, Massimo
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Företagsekonomi. Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership (CeFEO).
    Gomez-Mejia, Luis
    W. P. Carey School of Business, Arizona State University.
    Martin, Geoff
    Melbourne Business School, University of Melbourne.
    Risk-Taking and Financial Distress in Family-controlled Firms2018Konferansepaper (Fagfellevurdert)
  • 42.
    Chirico, Francesco
    et al.
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Företagsekonomi. Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership (CeFEO).
    Baù, Massimo
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Företagsekonomi. Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership (CeFEO).
    Schulze, William S.
    Department of Entrepreneurship and Strategy, David Eccles School of Business.
    Are Family Firms Loss Averse?2019Inngår i: Academy of Management Proceedings: Academy of Management, 2019Konferansepaper (Fagfellevurdert)
    Abstract [en]

    A substantial stream of research has examined how strategic decision making in family-controlled firms is driven by a concern for safeguarding its socioemotional wealth (SEW), or the “affect related value embedded in the family firm” (Gomez-Mejia et al, 2007: 108). Proponents of this theory argue that because family owners and strongly identify with their firm (Cannella, Jones & Withers, 2015; Deephouse & Jaskiewicz, 2013), they routinely prioritize non-economic goals. In this study, we propose an alternative framing based on social identity. Using a panel study of private Swedish firms, we develop theory and find support for our claim that the concern for social identity gives family firms incentives to pursue penetration strategies and make related acquisitions in their core markets, and to offset the risks of that strategy by making diversifying unrelated) in peripheral markets. A reversal of this strategy when financial implications are averse supports the conclusion that family firms are not loss averse. Implications for BAM-based models of SEW are addressed.

  • 43.
    Chirico, Francesco
    et al.
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Företagsekonomi. Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership (CeFEO).
    Carnes, Christina M.
    Wook Huh, Dong
    Hitt, Michael A.
    Pisano, Vincenzo
    Structuring and bundling resources for innovation in different firm life cycle stages2014Inngår i: Academy of Management Proceedings: Vol. 2014, No. 1, 2014Konferansepaper (Fagfellevurdert)
    Abstract [en]

    The present study based on a sample of US and Italian private firms confirms that resource orchestration is crucial in the creation of innovation. Structuring and bundling resources are important processes for all firms, especially for the development of innovation. Adopting a resource-based logic, we employed the technique of policy capturing to examine the relationship between resource orchestration and the creation of innovation by firms at different stages of their life-cycle. Our results show that early-stage (start-up and growth) firms attempt to acquire and accumulate resources and to enrich existing capabilities and pioneer new ones to develop novel innovations. This emphasis shifts to divesting resources and stabilizing existing capabilities during later (maturity and revitalization) stages to achieve more incremental innovations. This research contributes to our knowledge of innovation, resource orchestration and the firm life-cycle stages.

  • 44.
    Chirico, Francesco
    et al.
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership.
    Colombo, Gianluca
    An experimental examination of the Fits family-business model: new insights from a simulation study through system dynamics2008Inngår i: Theoretical developments and future research in family business / [ed] Phillip H. Phan and John E. Butler, Charlotte, N.C.: Information Age Publishing, 2008, s. 77-116Kapittel i bok, del av antologi (Fagfellevurdert)
  • 45.
    Chirico, Francesco
    et al.
    Jönköping University, Internationella Handelshögskolan, IHH, Företagsekonomi. Jönköping University, Internationella Handelshögskolan, IHH, Centre for Family Entrepreneurship and Ownership (CeFEO).
    Criaco, Giuseppe
    Jönköping University, Internationella Handelshögskolan, IHH, Företagsekonomi. Jönköping University, Internationella Handelshögskolan, IHH, Centre for Family Entrepreneurship and Ownership (CeFEO). Department of Strategic Management and Entrepreneurship, Rotterdam School of Management, Erasmus University Rotterdam, Rotterdam, The Netherlands.
    Baù, Massimo
    Jönköping University, Internationella Handelshögskolan, IHH, Företagsekonomi. Jönköping University, Internationella Handelshögskolan, IHH, Centre for Family Entrepreneurship and Ownership (CeFEO).
    Naldi, Lucia
    Jönköping University, Internationella Handelshögskolan, IHH, Företagsekonomi. Jönköping University, Internationella Handelshögskolan, IHH, Centre for Family Entrepreneurship and Ownership (CeFEO).
    Gomez-Mejia, Luis R.
    Department of Management, W.P. Carey School of Business, Arizona State University, Tempe, AZ, USA.
    Kotlar, Josip
    Centre for Family Business, Lancaster University Management School, Bailrigg, Lancaster, UK.
    To patent or not to patent: That is the question. Intellectual property protection in family firms2020Inngår i: Entrepreneurship: Theory & Practice, ISSN 1042-2587, E-ISSN 1540-6520, Vol. 44, nr 2, s. 339-367Artikkel i tidsskrift (Fagfellevurdert)
    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.

    Fulltekst (pdf)
    Postprint
  • 46.
    Chirico, Francesco
    et al.
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Företagsekonomi. Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership (CeFEO).
    DeTienne, Dawn
    Colorado State University, USA.
    Clinton, Eric
    Dublin City University, Ireland.
    Sciascia, Salvatore
    IULM University-Milan, Italy.
    Resource structuring: linking resource acquisition, accumulation, and divestment in family firms2014Konferansepaper (Fagfellevurdert)
    Abstract [en]

    While much has been written about the idiosyncratic nature of family firms, the processes of managing the resource base in family firms has received limited attention. We examine resource structuring in family firms, inclusive of resource acquisition, accumulation and divestment. Specifically, we theorize that family firms that engage in resource acquisition and accumulation achieve higher levels of resource divestment. While the family generation in control positively moderate these relationships, the presence of a family CEO negatively moderate them. Additionally, we predict that family CEOs in later generations also engage less in resource divestment. Our theory is tested on a sample of 241 Irish family firms.

  • 47.
    Chirico, Francesco
    et al.
    Jönköping University, Internationella Handelshögskolan, IHH, Företagsekonomi. Jönköping University, Internationella Handelshögskolan, IHH, Centre for Family Entrepreneurship and Ownership (CeFEO).
    Gómez-Mejia, Luis R.
    W.P. Carey School of Business, Arizona State University, Department of Management, Tempe, AZ, USA.
    Hellerstedt, Karin
    Jönköping University, Internationella Handelshögskolan, IHH, Företagsekonomi. Jönköping University, Internationella Handelshögskolan, IHH, Centre for Family Entrepreneurship and Ownership (CeFEO).
    Withers, Michael
    Mays Business School, Texas A&M University, Department of Management, College Station, TX, USA.
    Nordqvist, Mattias
    Jönköping University, Internationella Handelshögskolan, IHH, Centre for Family Entrepreneurship and Ownership (CeFEO). Jönköping University, Internationella Handelshögskolan, IHH, Företagsekonomi.
    To merge, sell or liquidate? Socioemotional wealth, family control, and the choice of business exit2020Inngår i: Journal of Management, ISSN 0149-2063, E-ISSN 1557-1211, Vol. 46, nr 8, s. 1342-1379Artikkel i tidsskrift (Fagfellevurdert)
    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.

    Fulltekst (pdf)
    fulltext
  • 48.
    Chirico, Francesco
    et al.
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership. Högskolan i Jönköping, Internationella Handelshögskolan, IHH, ESOL (Entrepreneurship, Strategy, Organization, Leadership).
    Hellerstedt, Karin
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, ESOL (Entrepreneurship, Strategy, Organization, Leadership). Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership.
    Mattias, Nordqvist
    Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership. Högskolan i Jönköping, Internationella Handelshögskolan, IHH, ESOL (Entrepreneurship, Strategy, Organization, Leadership).
    Business Exit in Family vs. Non-Family Firms: When Emotional Logic Overrules Rational Judgment2012Konferansepaper (Fagfellevurdert)
  • 49.
    Chirico, Francesco
    et al.
    Texas A&M University, Mays Business School, College Station, TX, USA.
    Ireland, Duane
    Texas A&M University, Mays Business School, College Station, TX, USA.
    Sirmon, David
    Texas A&M University, Mays Business School, College Station, TX, USA.
    Franchising and the family firm: creating unique sources of advantage through ‘familiness’2011Inngår i: Entrepreneurship: Theory & Practice, ISSN 1042-2587, E-ISSN 1540-6520, Vol. 35, nr 3, s. 483-501Artikkel i tidsskrift (Fagfellevurdert)
    Abstract [en]

    The paucity of research examining family firms engaged with franchising is surprising. We theorize about differences in franchising behavior between family and nonfamily firms and the relative advantages accruing to family firms in this context. We also explore how selection processes tend to lead to family franchisor/family franchisee matches that enable a more effective sharing of complementary resources. The theoretical framework we develop is grounded in the “familiness” of the family firm as suggested by the logic of the resource based view. Additionally, our theoretical analysis extends and complements the frequent use of agency theory as the basis for studying franchising

    Fulltekst (pdf)
    fulltext
  • 50.
    Chirico, Francesco
    et al.
    Jönköping University, Internationella Handelshögskolan, IHH, Företagsekonomi. Jönköping University, Internationella Handelshögskolan, IHH, Centre for Family Entrepreneurship and Ownership (CeFEO).
    Ireland, R. Duane
    Pittino, Daniel
    Jönköping University, Internationella Handelshögskolan, IHH, Företagsekonomi. Jönköping University, Internationella Handelshögskolan, IHH, Centre for Family Entrepreneurship and Ownership (CeFEO). Jönköping University, Internationella Handelshögskolan, IHH, Centre for Entrepreneurship and Spatial Economics (CEnSE).
    Sanchez-Famoso, Valeriano
    Radical Innovation in (Multi)family Owned Firms2022Inngår i: Journal of Business Venturing, ISSN 0883-9026, E-ISSN 1873-2003, Vol. 37, nr 3, artikkel-id 106194Artikkel i tidsskrift (Fagfellevurdert)
    Abstract [en]

    By integrating organizational learning theory with the family firm literature, we seek to enhance our understanding of radical innovation in (multi)family-owned firms. We theorize that the goal diversity and path dependency that multifamily ownership creates negatively affects the positive relationship between knowledge integration and radical innovation. However, this is not the case for multifamily-owned firms in which family members embrace a commitment to change. We contend that commitment to change mitigates the negative moderating effect of multifamily ownership by ensuring the effective translation of integrated knowledge into radical innovation within the firm. Overall, our results highlight the complexity of radical innovation in (multi)family-owned firms as a product of the joint effect of knowledge integration, the number of unrelated owning families, and a commitment to change.

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