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  • 1.
    Akhter, Naveed
    et al.
    Jönköping University, Jönköping International Business School, JIBS, Business Administration. Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership (CeFEO).
    Chirico, Francesco
    Jönköping University, Jönköping International Business School, JIBS, Business Administration. Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership (CeFEO).
    Nordqvist, Mattias
    Jönköping University, Jönköping International Business School, JIBS, Business Administration. Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership (CeFEO).
    Entrepreneurial exit strategies in family firm portfolios2013Conference paper (Refereed)
  • 2.
    Akhter, Naveed
    et al.
    Jönköping University, Jönköping International Business School, JIBS, Business Administration. Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership (CeFEO).
    Chirico, Francesco
    Jönköping University, Jönköping International Business School, JIBS, Business Administration. Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership (CeFEO).
    Nordqvist, Mattias
    Jönköping University, Jönköping International Business School, JIBS, Business Administration. Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership (CeFEO).
    Exit strategies in family firm portfolios2014Conference paper (Refereed)
  • 3.
    Akhter, Naveed
    et al.
    Jönköping University, Jönköping International Business School, JIBS, Business Administration.
    Chirico, Francesco
    Jönköping University, Jönköping International Business School, JIBS, Business Administration.
    Nordqvist, Mattias
    Jönköping University, Jönköping International Business School, JIBS, Business Administration.
    Surviving the legacy: Sensemaking of emotions and exit in portfolio firmsManuscript (preprint) (Other academic)
  • 4.
    Akhter, Naveed
    et al.
    Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership (CeFEO).
    Nordqvist, Mattias
    Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership (CeFEO).
    Entrepreneurial exit in family firm portfolios2014In: The Academy of Management Annual Meeting Proceedings, January 2014 (Meeting Abstract Supplement), 15060, Academy of Management , 2014Conference paper (Refereed)
    Abstract [en]

    We explore the process of entrepreneurial exit in a sample of five family firm portfolios from Pakistan. Our aim is to understand how entrepreneurial exit occurs in family firm portfolios and why family firm owners exit from some satellites and not from others. The emergent insights of this study through observing total number of 25 exits, portrays that due to emotional depth family firm owners manifest a strong attachment toward their core business and refrain from exiting from it. This tendency persists across generations. By doing so, family firm owners tend to exit from satellites, regardless to the fact that they are successful or not, to save the core business. Furthermore, they are more likely to exit from satellites ventured with external parties, not directly managed by the family and/or founded by distant relatives.

  • 5.
    Andersson, Jan
    et al.
    Statistiska Central byrån i Örebro.
    Andersson, Fredrik
    Statistiska Central byrån i Örebro.
    Håkansson, Maria
    Statistiska Central byrån i Örebro.
    Nordqvist, Mattias
    Jönköping University, Jönköping International Business School, JIBS, Business Administration. Jönköping University, Jönköping International Business School, JIBS, Centre for Family Entrepreneurship and Ownership (CeFEO).
    Hellerstedt, Karin
    Jönköping University, Jönköping International Business School, JIBS, Business Administration. Jönköping University, Jönköping International Business School, JIBS, Centre for Family Entrepreneurship and Ownership (CeFEO).
    Kartläggning av ägarskiften i företag: Utveckling och dokumentation av dataunderlag2014Report (Other academic)
    Abstract [en]

    The Swedish Agency for Growth Policy Analysis, Growth Analysis, was commissioned by the government to map and analyse changes in company ownership. The commission also included making comparisons between generation changes and other kinds of change in ownership that are not age-related and analyse the possibility to follow up companies’ ownership changes and dynamics over time. In October 2013, Growth Analysis submitted an interim report comprising both a survey of the age structure in the country’s companies and an in-depth analysis of ownership changes. The present report covers the final part of the commission, i.e. further development of the documentation of underlying data to identify changes in ownership.

    Growth Analysis commissioned Statistics Sweden to investigate whether it would be possible to better identify changes in ownership by integrating and checking for matches in the complementary data concerning part-owners in close companies that can be obtained from the Tax Agency with existing information about company dynamics, which can be found in the Company and Workplace Dynamics register and the register-based labour market statistics at Statistics Sweden. In order to accomplish this, a study was made of the companies’ ownership changes between 2010 and 2011. The commission also includes describing the purpose, methodology and content of the Company and Workplace Dynamics register.

    Some 80 percent of all companies survived between 2010 and 2011 regardless of the type of company. The remainder underwent some kind of change. Companies close and new ones start up as part of the structural change. We also see that many companies and workplaces change owners. Trade and industry shows significant dynamics and this covers many different kinds of change.

    The processing of the data shows that by using Statistics Sweden’s and the Tax Agency’s registers, it is possible to adequately monitor and compile information about changes in company ownership. This applies to both close companies, where it is possible to follow individual ownership, and other corporate entities where changes in corporate identity number, which is an indication of new ownership circumstances, can be traced. The analysis shows that the Tax Agency’s registers complement Statistics Sweden’s registers well and provide additional information. The linking and matching of the data yields more information than can be obtained from each source separately. It is also possible to link in other information about employees, turnover and various measures of profitability from other registers.

    Growth Analysis’ recommendation is therefore that Statistics Sweden should be given access to the Tax Agency’s registers concerning shares of ownership for a longer period than merely the years studied. This is to be able to compile a database that enables better and more exact analyses of various dimensions of dynamics in trade and industry and ownership changes to be made. It would also be desirable for this database to be made accessible for research and studies that increase knowledge of different dimensions of structural change in trade and industry.

    Download full text (pdf)
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  • 6.
    Arregle, Jean-Luc
    et al.
    University of Luxemburg.
    Mari, Isabelle
    EDHEC.
    Melin, Leif
    Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership. Jönköping University, Jönköping International Business School, JIBS, EMM (Entrepreneurship, Marketing, Management).
    Nordqvist, Mattias
    Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership. Jönköping University, Jönköping International Business School, JIBS, EMM (Entrepreneurship, Marketing, Management).
    Board Creation and Composition in Family Firms: A Conflict-resolution Perspective2009Conference paper (Refereed)
  • 7.
    Arregle, Jean-Luc
    et al.
    EM Lyon Business School, Ecully, France.
    Naldi, Lucia
    Jönköping University, Jönköping International Business School, JIBS, Centre for Family Entrepreneurship and Ownership (CeFEO). Jönköping University, Jönköping International Business School, JIBS, ESOL (Entrepreneurship, Strategy, Organization, Leadership).
    Nordqvist, Mattias
    Jönköping University, Jönköping International Business School, JIBS, Centre for Family Entrepreneurship and Ownership (CeFEO). Jönköping University, Jönköping International Business School, JIBS, ESOL (Entrepreneurship, Strategy, Organization, Leadership).
    Hitt, Michael A.
    Mays Business School, Texas A&M University, College Station, Texas, USA.
    Internationalization of Family-Controlled Firms: A Study of the Effects of External Involvement in Governance2012In: Entrepreneurship: Theory & Practice, ISSN 1042-2587, E-ISSN 1540-6520, Vol. 36, no 6, p. 1115-1143Article in journal (Refereed)
    Abstract [en]

    This research focuses on family-controlled firms as an important type of family firms, and demonstrates how external parties in the governance (ownership and board of directors) can serve as a catalyst for their internationalization. Our framework also embraces the moderating effects of the competitive environmental heterogeneity and past performance on the relationship between external, nonfamily involvement in governance, and internationalization (scale and scope). The hypotheses are tested on a sample of 351 Swedish family-controlled firms. Our findings extend previous research on family firms and their internationalization, especially addressing some of the prior mixed findings, and offers implications for both theory and practice.

  • 8.
    Aygören, Huriye
    et al.
    Jönköping University, Jönköping International Business School, JIBS, EMM (Entrepreneurship, Marketing, Management).
    Nordqvist, Mattias
    Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership. Jönköping University, Jönköping International Business School, JIBS, EMM (Entrepreneurship, Marketing, Management).
    Phan, Phil
    John Hopkins University.
    Trevinyo-Rodríguez, Rosa Nelly
    Tec de Monterrey.
    Entrepreneurship and Social Responsibility: A Review and a Research Agenda2009Conference paper (Refereed)
  • 9.
    Banerjee, Anup
    et al.
    Jönköping University, Jönköping International Business School, JIBS, Business Administration. Jönköping University, Jönköping International Business School, JIBS, Centre for Family Entrepreneurship and Ownership (CeFEO).
    Carlsson-Wall, Martin
    Department of Accounting, Center for Sports and Business, Stockholm School of Economics, Stockholm, Sweden.
    Nordqvist, Mattias
    Jönköping University, Jönköping International Business School, JIBS, Business Administration. Jönköping University, Jönköping International Business School, JIBS, Centre for Family Entrepreneurship and Ownership (CeFEO). House of Innovation, Stockholm School of Economics, Stockholm, Sweden.
    Hybrid board governance: Exploring the challenges in implementing social impact measurements2024In: The British Accounting Review, ISSN 0890-8389, E-ISSN 1095-8347, Vol. 56, no 5Article in journal (Refereed)
    Abstract [en]

    This paper focuses on hybrid board governance and the challenges faced by the board of directors when implementing social impact measurements. Interviews with 36 board chairs and general secretaries in social hybrids in Sweden show that while boards support social impact measurements, they face obstacles in implementing them. Drawing on the institutional logics framework, we identify three main reasons for these implementation problems. First, amid field level regulations focusing on cost efficiency, boards find it difficult to switch to a social impact that lacks a single metric that can be measured annually. Second, board members struggle to find sufficient time when they serve on a pro bono basis, and it is difficult to hold them accountable when limited progress occurs. Finally, acknowledging board practice variation, we highlight the need to distinguish between “beneficiary-driven” and “membership-driven” social hybrids. In the former, boards face the challenge of operationalizing the long-term benefits for end beneficiaries; in the latter, interactions with members are so operationally focused that boards struggle to maintain a long-term agenda for implementing social impact measurement. Given these challenges, we propose that future research should explicitly incorporate the board level in theorizing how hybrid organizations manage institutional logics and performance measurement.

  • 10.
    Banerjee, Anup
    et al.
    Jönköping University, Jönköping International Business School, JIBS, Business Administration. Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership (CeFEO).
    Nordqvist, Mattias
    Jönköping University, Jönköping International Business School, JIBS, Business Administration. Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership (CeFEO).
    Hellerstedt, Karin
    Jönköping University, Jönköping International Business School, JIBS, Business Administration. Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership (CeFEO).
    Board leadership and the chairperson of the board: A review and suggestions for future research2019In: Academy of Management Proceedings / [ed] Guclu Atinc, Academy of Management , 2019, Vol. 2019, no 1Conference paper (Refereed)
    Abstract [en]

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

  • 11.
    Banerjee, Anup
    et al.
    Jönköping University, Jönköping International Business School, JIBS, Organization, Leadership, Strategy and Entrepreneurship. Jönköping University, Jönköping International Business School, JIBS, Centre for Family Entrepreneurship and Ownership (CeFEO).
    Nordqvist, Mattias
    Jönköping University, Jönköping International Business School, JIBS, Organization, Leadership, Strategy and Entrepreneurship. Jönköping University, Jönköping International Business School, JIBS, Centre for Family Entrepreneurship and Ownership (CeFEO). House of Innovation Stockholm School of Economics, Stockholm, Sweden.
    Hellerstedt, Karin
    Jönköping University, Jönköping International Business School, JIBS, Organization, Leadership, Strategy and Entrepreneurship. Jönköping University, Jönköping International Business School, JIBS, Centre for Family Entrepreneurship and Ownership (CeFEO).
    The role of the board chair: A literature review and suggestions for future research2020In: Corporate governance: An International Review, ISSN 0964-8410, E-ISSN 1467-8683, Vol. 28, no 6, p. 372-405Article, review/survey (Refereed)
    Abstract [en]

    Research Question/Issue

    The role of the board chair has become increasingly complex in recent decades. Research on corporate governance has called for and has initiated the pursuit of more research for the purpose of creating a better understanding of the role of board chairs. We reviewed 234 academic articles published in 66 journals, structured the existing research according to an Input‐Process‐Outcome‐Contexts framework, and provided a future research agenda for studies on the role of the board chair.

    Research Findings/Insights

    Our review reveals that the number of published studies on the position of the board chair has grown over the last two decades. Although extant research is dominated by quantitative studies exploring the impact of the board chair position on financial performance, frequently drawing on agency and stewardship theory, recent work has moved beyond this focus and has added valuable insights. The Input‐Process‐Outcome‐Contexts framework used to structure the extant research reveals that future research should pursue topics related to all components of the framework and that opportunities exist to draw from a broader set of theories.

    Theoretical/Academic Implications

    Based on the framework, we formulate seven specific research topics that can add valuable insights into the role of the board chair and suggest theories that can help inform research pursuing these topics. Taken together, these topics have the potential to create valuable insights into how board chairs are appointed, develop competencies, and interact and work with the CEO, the top management team, the board, and other stakeholders while acknowledging the influence of contextual factors, such as ownership, diversity, the firm's development stage, and external events and trends.

    Practitioner/Policy Implications

    Our review shows a growing global movement toward prescribing more corporate governance regulations and separating the positions of the board chair and the CEO. We show that many aspects need to be considered when choosing a governance configuration and when appointing a board chair because this role is becoming increasingly demanding.

  • 12. Baù, Massimo
    et al.
    Hellerstedt, Karin
    Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership.
    Nordqvist, Mattias
    Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership.
    Wennberg, K
    What do we know on firm succession and the entrepreneurial process: A Synthesis of the literature2010In: Long Term Perspectives on Family Business: Theory, Practice, Policy / [ed] Elias Hadjielias, Tom Barton, 2010Conference paper (Refereed)
  • 13.
    Baù, Massimo
    et al.
    Jönköping University, Jönköping International Business School, JIBS, Centre for Family Entrepreneurship and Ownership (CeFEO). Jönköping University, Jönköping International Business School, JIBS, Business Administration.
    Hellerstedt, Karin
    Jönköping University, Jönköping International Business School, JIBS, ESOL (Entrepreneurship, Strategy, Organization, Leadership). Jönköping University, Jönköping International Business School, JIBS, Centre for Family Entrepreneurship and Ownership (CeFEO).
    Nordqvist, Mattias
    Jönköping University, Jönköping International Business School, JIBS, Centre for Family Entrepreneurship and Ownership (CeFEO).
    Wennberg, Karl
    Succession in Family Firms2013In: The Landscape of Family Business / [ed] Ritch L. Sorenson, Andy Yu, Keith H. Brigham and G. T. Lumpkin, Edward Elgar Publishing, 2013, p. 167-197Chapter in book (Other academic)
    Abstract [en]

    The process of succession in family firms is often both lengthy and complex, and is influenced by factors such as the personal goals of the owner-manager, family structure, ability and ambitions of potential successors, and legal and financial issues (Le BretonMiller, Miller, & Steier, 2004). Scholars of family business tend to emphasize what determines successful ownership and management succession involving family members and non-family stakeholders, alongside the general characteristics of effective succession (Handler, 1994; Le Breton-Miller et al., 2004; Sharma, Chrisman, & Chua, 2003a). A majority of privately held firms in many developed countries are likely to shift ownership as the owners approach retirement. Thus, from a public policy perspective, there is a need to study the conditions surrounding successful succession of family firms and the implications of these successions in the socio-economic context. This chapter presents a comprehensive review of the scholarly literature on ownership transition and management succession in family firms. We found that most of the literature on succession is conceptual or relies on a small number of cases and/or surveys based on convenience samples. For instance, 71 percent of the work published since the mid-1970s consists of descriptive investigations based on aggregated data or micro studies of firm succession based on small samples or a small number of illustrative cases. We see a need for more studies about the effects of succession on long-term development in privately held firms and how succession affects economic outcomes at different levels of analysis (Yu, Lumpkin, Sorenson, & Brigham, 2012).* We conducted a literature review based upon a cluster analysis that identifies four levels of analysis that dominate the current literature on succession. These levels are important for understanding transition processes and allow us to identify three main areas that offer particular interesting avenues for future research. First, succession involves, among other things, the goals and options of several actors: The individual owners and managers, the family members, the economic environment, and the potential successors, to varying degrees, who may influence the transition process. We discuss this multilevel perspective within the context of the conceptual literature. Although it is adopted in some qualitative studies, multilevel quantitative research is generally scarce. Because succession is an inherently multilevel phenomenon, we argue that empirical research must also adopt a multilevel perspective. Second, we note that succession research focuses primarily on management transitions. In contrast, ownership transfer has received much less attention. For many small- and medium-sized enterprises (including family businesses), these two transitions go hand in hand (Handler, 1994).1 Yet, there are reasons to single out and more closely examine ownership transition that involves not only financial issues and asset valuation, but also emotional issues such as perceived fairness among involved actors, which may represent the most critical part of a succession. Third, our review shows that suitable analytical techniques and representative sampling methods are lacking. There is an increased need for generalizable empirical evidence that can be used to test the limits and boundary conditions of different theoretical models, and to generate insights for owners, managers, and policy-makers. The chapter is organized as follows. In section two, we describe the methodology. Section three reviews the extant research and discusses a selection of articles represented within the categories identified in the cluster analysis. Section four uses these insights to highlight some avenues for future research that would help to fill some of the research gaps identified by our review and analysis. We highlight areas worthy of future inquiry and discuss some of the methodological issues that need to be addressed to further the research in this area. Section five provides a brief conclusion.

  • 14. Baù, Massimo
    et al.
    Nordqvist, Mattias
    Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership. Jönköping University, Jönköping International Business School, JIBS, ESOL (Entrepreneurship, Strategy, Organization, Leadership).
    Entrepreneurial Entry and the Family Dimension: A Family Embeddedness Analysis2011Conference paper (Other academic)
  • 15. Baù, Massimo
    et al.
    Nordqvist, Mattias
    Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership.
    Family embeddedness and the family capital2011Conference paper (Other academic)
  • 16. Baù, Massimo
    et al.
    Nordqvist, Mattias
    Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership.
    Family embeddedness and the family capital2011Conference paper (Refereed)
  • 17.
    Baù, Massimo
    et al.
    Jönköping University, Jönköping International Business School, JIBS, Centre for Family Entrepreneurship and Ownership (CeFEO). Jönköping University, Jönköping International Business School, JIBS, ESOL (Entrepreneurship, Strategy, Organization, Leadership).
    Nordqvist, Mattias
    Jönköping University, Jönköping International Business School, JIBS, Centre for Family Entrepreneurship and Ownership (CeFEO). Jönköping University, Jönköping International Business School, JIBS, ESOL (Entrepreneurship, Strategy, Organization, Leadership).
    Hellerstedt, Karin
    Jönköping University, Jönköping International Business School, JIBS, Centre for Family Entrepreneurship and Ownership (CeFEO). Jönköping University, Jönköping International Business School, JIBS, ESOL (Entrepreneurship, Strategy, Organization, Leadership).
    A Family Embeddedness Perspective on the Entrepreneurial Entry Process: Operationalization and Consequences2012Conference paper (Other academic)
  • 18.
    Bjuggren, Per-Olof
    et al.
    Jönköping University, Jönköping International Business School, JIBS, Economics. Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership.
    Melin, Leif
    Jönköping University, Jönköping International Business School, JIBS, EMM (Entrepreneurship, Marketing, Management). Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership.
    Ericsson, Anders
    Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership.
    Hall, Annika
    Jönköping University, Jönköping International Business School, JIBS, EMM (Entrepreneurship, Marketing, Management). Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership.
    Haag, Kajsa
    Jönköping University, Jönköping International Business School, JIBS, EMM (Entrepreneurship, Marketing, Management). Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership.
    Nordqvist, Mattias
    Jönköping University, Jönköping International Business School, JIBS, EMM (Entrepreneurship, Marketing, Management). Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership.
    Ägarskiften och ledarskiften i företag: En fördjupad analys2004Book (Other academic)
  • 19.
    Boers, Börje
    et al.
    Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership (CeFEO). University of Skövde, Sweden.
    Ljungkvist, Torbjörn
    University of Skövde, Sweden.
    Brunninge, Olof
    Jönköping University, Jönköping International Business School, JIBS, Business Administration. Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership (CeFEO).
    Nordqvist, Mattias
    Jönköping University, Jönköping International Business School, JIBS, Business Administration. Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership (CeFEO).
    Going private: A socioemotional wealth perspective on why family controlled companies decide to leave the stock-exchange2017In: The Journal of Family Business Strategy, ISSN 1877-8585, E-ISSN 1877-8593, Vol. 8, no 2, p. 74-86Article in journal (Refereed)
    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.

  • 20.
    Boers, Börje
    et al.
    Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership (CeFEO). Högskolan i Skövde, Institutionen för handel och företagande.
    Ljungkvist, Torbjörn
    Högskolan i Skövde, Institutionen för handel och företagande.
    Brunninge, Olof
    Jönköping University, Jönköping International Business School, JIBS, Business Administration. Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership (CeFEO).
    Nordqvist, Mattias
    Jönköping University, Jönköping International Business School, JIBS, Business Administration. Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership (CeFEO).
    Going private: Why family controlled, publicly-listed companies decide to leave the stock-exchange2015Conference paper (Refereed)
  • 21.
    Boers, Börje
    et al.
    University of Skövde, Sweden and Universität Witten/Herdecke, Germany.
    Nordqvist, Mattias
    Jönköping University, Jönköping International Business School, JIBS, Business Administration. Jönköping University, Jönköping International Business School, JIBS, Centre for Family Entrepreneurship and Ownership (CeFEO).
    Family businesses as hybrid organisations2020In: Handbook on hybrid organisations / [ed] D. Billis & C. Rochester, Cheltenham: Edward Elgar Publishing, 2020, p. 507-521Chapter in book (Refereed)
  • 22.
    Boers, Börje
    et al.
    Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership. Jönköping University, Jönköping International Business School, JIBS, ESOL (Entrepreneurship, Strategy, Organization, Leadership).
    Nordqvist, Mattias
    Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership. Jönköping University, Jönköping International Business School, JIBS, ESOL (Entrepreneurship, Strategy, Organization, Leadership).
    Understanding Hybrid-Identity Organizations: The Case of Publicly Listed Family Businesses2012In: Understanding family businesses: Undiscovered Approaches, Unique Perspectives, and Neglected Topics / [ed] A. Casrud and M. Brännback, New York: Springer, 2012, p. 251-269Chapter in book (Other academic)
  • 23.
    Botero, Isabel C.
    et al.
    Department of Management, Gatton College of Business and Economics, University of Kentucky, Lexington, United States.
    Cruz, Cristina
    IE Business School, Madrid, Spain .
    De Massis, Alfredo
    Institute for Entrepreneurship and Enterprise Development, Lancaster University Management School, Lancaster, United Kingdom.
    Nordqvist, Mattias
    Jönköping University, Jönköping International Business School, JIBS, Centre for Family Entrepreneurship and Ownership (CeFEO).
    Family business research in the European context2015In: European Journal of International Management, ISSN 1751-6757, E-ISSN 1751-6765, Vol. 9, no 2, p. 139-159Article in journal (Refereed)
    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.

  • 24.
    Brumana, Mara
    et al.
    University of Bergamo.
    Minola, Tommaso
    University of Bergamo.
    Waldkirch, Matthias
    Jönköping University, Jönköping International Business School, JIBS, Business Administration. Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership (CeFEO).
    Nordqvist, Mattias
    Jönköping University, Jönköping International Business School, JIBS, Business Administration. Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership (CeFEO).
    Investigating resource exchanges in internal corporate venturing: Decision framing, risk and consequences for venture autonomy2018Conference paper (Refereed)
  • 25.
    Brundin, Ethel
    et al.
    Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership.
    Johansson, Anders W.Johannisson, BengtMelin, LeifJönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership.Nordqvist, MattiasJönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership.
    Familjeföretagande: Affärer och känslor2012Collection (editor) (Other academic)
  • 26.
    Brundin, Ethel
    et al.
    Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership. Jönköping University, Jönköping International Business School, JIBS, EMM (Entrepreneurship, Marketing, Management).
    Melin, Leif
    Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership. Jönköping University, Jönköping International Business School, JIBS, EMM (Entrepreneurship, Marketing, Management).
    Nordqvist, Mattias
    Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership. Jönköping University, Jönköping International Business School, JIBS, EMM (Entrepreneurship, Marketing, Management).
    Keep the flow going: The strategic dialogue as a key to transgenerational entrepreneurial behavior2007In: Presented at the 3rd Workshop on Family Firms Management Research (EIASM), Jönköping, Sweden, June 3-5, 2007, 2007Conference paper (Other academic)
  • 27.
    Brundin, Ethel
    et al.
    Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership. Jönköping University, Jönköping International Business School, JIBS, EMM (Entrepreneurship, Marketing, Management).
    Melin, Leif
    Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership. Jönköping University, Jönköping International Business School, JIBS, EMM (Entrepreneurship, Marketing, Management).
    Nordqvist, Mattias
    Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership. Jönköping University, Jönköping International Business School, JIBS, EMM (Entrepreneurship, Marketing, Management).
    Strategic Dialogue as an Important Practice of Strategizing2008Conference paper (Other academic)
  • 28.
    Brundin, Ethel
    et al.
    Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership. Jönköping University, Jönköping International Business School, JIBS, EMM (Entrepreneurship, Marketing, Management).
    Melin, Leif
    Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership. Jönköping University, Jönköping International Business School, JIBS, EMM (Entrepreneurship, Marketing, Management).
    Nordqvist, Mattias
    Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership. Jönköping University, Jönköping International Business School, JIBS, EMM (Entrepreneurship, Marketing, Management).
    Strategic Dialogues: An Important Practice in Family Businesses2008In: Paper presented at the 4th Family Enterprise Research Conference (FERC), Milwaukee, WI, April, 2008., 2008Conference paper (Other academic)
  • 29.
    Brundin, Ethel
    et al.
    Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership. Jönköping University, Jönköping International Business School, JIBS, EMM (Entrepreneurship, Marketing, Management).
    Nordqvist, Mattias
    Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership. Jönköping University, Jönköping International Business School, JIBS, EMM (Entrepreneurship, Marketing, Management).
    Beyond Facts and Figures: The Role of Emotions in Boardroom Dynamics2008In: Corporate governance: An International Review, ISSN 0964-8410, E-ISSN 1467-8683, Vol. 16, no 4, p. 326-341Article in journal (Refereed)
  • 30.
    Brundin, Ethel
    et al.
    Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership. Jönköping University, Jönköping International Business School, JIBS, EMM (Entrepreneurship, Marketing, Management).
    Nordqvist, Mattias
    Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership. Jönköping University, Jönköping International Business School, JIBS, EMM (Entrepreneurship, Marketing, Management).
    Emotionalizing the board: emotions as power and status energizers in board processes2007In: EURAM Annual Conference 2007, Paris, France, 2007Conference paper (Refereed)
  • 31.
    Brundin, Ethel
    et al.
    Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership. Jönköping University, Jönköping International Business School, JIBS, EMM (Entrepreneurship, Marketing, Management).
    Nordqvist, Mattias
    Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership. Jönköping University, Jönköping International Business School, JIBS, EMM (Entrepreneurship, Marketing, Management).
    Emotions as Power Energizers: The Role of Emotions in Strategizing2003In: Presented at the 17th Nordic Conference on Business Studies in Reykjavik, Iceland, August 14-16, 2003: New Perspectives in Strategy Research, 2003Conference paper (Other academic)
  • 32.
    Brundin, Ethel
    et al.
    Jönköping University, Jönköping International Business School, JIBS, EMM (Entrepreneurship, Marketing, Management).
    Nordqvist, Mattias
    Jönköping University, Jönköping International Business School, JIBS, EMM (Entrepreneurship, Marketing, Management).
    Emotions in the Boardroom2002In: Presented at the 17th EGOS Colloquium in Barcelona, Spain, July 2002, 2002Conference paper (Other academic)
  • 33.
    Brundin, Ethel
    et al.
    Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership. Jönköping University, Jönköping International Business School, JIBS, ESOL (Entrepreneurship, Strategy, Organization, Leadership).
    Nordqvist, Mattias
    Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership. Jönköping University, Jönköping International Business School, JIBS, ESOL (Entrepreneurship, Strategy, Organization, Leadership).
    Melin, Leif
    Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership. Jönköping University, Jönköping International Business School, JIBS, ESOL (Entrepreneurship, Strategy, Organization, Leadership).
    Entrepreneurial orientation across generations in family firms: the role of owner-centric culture for proactiveness and autonomy2010In: Transgenerational Entrepreneurship: Exploring Growth and Performance in Family Firms Across Generations / [ed] Mattias Nordqvist and Thomas M. Zellweger, Cheltenham: Edward Elgar , 2010, 1, p. 123-141Chapter in book (Other academic)
  • 34.
    Brundin, Ethel
    et al.
    Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership. Jönköping University, Jönköping International Business School, JIBS, EMM (Entrepreneurship, Marketing, Management).
    Nordqvist, Mattias
    Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership. Jönköping University, Jönköping International Business School, JIBS, EMM (Entrepreneurship, Marketing, Management).
    Melin, Leif
    Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership. Jönköping University, Jönköping International Business School, JIBS, EMM (Entrepreneurship, Marketing, Management).
    Entrepreneurial orientation across generations in family firms: the role of owner-centric culture in for proactiveness and autonomy2009Conference paper (Other academic)
  • 35.
    Brundin, Ethel
    et al.
    Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership.
    Nordqvist, Mattias
    Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership.
    Melin, Leif
    Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership.
    Kultur och entreprenörskap över generationer2012In: Familjeföretagande: affärer och känslor / [ed] Ethel Brundin, Anders W. Johansson, Bengt Johannisson, Leif Melin, Mattias Nordqvist, Stockholm: SNS förlag, 2012, p. 69-89Chapter in book (Other academic)
  • 36.
    Brunninge, Olof
    et al.
    Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership. Jönköping University, Jönköping International Business School, JIBS, EMM (Entrepreneurship, Marketing, Management).
    Nordqvist, Mattias
    Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership. Jönköping University, Jönköping International Business School, JIBS, EMM (Entrepreneurship, Marketing, Management).
    Board Composition and Strategic Change: Some Findings from Family Firms and Venture Capital Backed Firms2001In: Corporate Governance in SMEs / [ed] Morten Huse, Hans Landström, Halmstad: Scandinavian Institute for Research in Entrepreneurship (SIRE) , 2001, p. 45-68Chapter in book (Other academic)
  • 37.
    Brunninge, Olof
    et al.
    Jönköping University, Jönköping International Business School, JIBS, EMM (Entrepreneurship, Marketing, Management).
    Nordqvist, Mattias
    Jönköping University, Jönköping International Business School, JIBS, EMM (Entrepreneurship, Marketing, Management).
    Corporate Governance and Strategic Change in Small and Medium Sized Enterprises: The Influence of Ownership, Board and Managerial Characteristics2000In: RENT XIV Conference in Prague, 2000Conference paper (Refereed)
  • 38.
    Brunninge, Olof
    et al.
    Jönköping University, Jönköping International Business School, JIBS, EMM (Entrepreneurship, Marketing, Management). Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership (CeFEO).
    Nordqvist, Mattias
    Jönköping University, Jönköping International Business School, JIBS, EMM (Entrepreneurship, Marketing, Management). Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership (CeFEO).
    Ownership Structure, Board Composition and Entrepreneurship: Evidence from Family Firms and Venture-Capital Backed Firms2004In: International Journal of Entrepreneurial Behaviour & Research, ISSN 1355-2554, E-ISSN 1758-6534, Vol. 10, no 1/2, p. 85-105Article in journal (Refereed)
    Abstract [en]

    The purpose of this article is to investigate how ownership structure, especially family and/or venture-capital involvement, as well as entrepreneurial activities, defined as strategic change and renewal, help explain the involvement of independent members on boards of directors. The CEOs of 2,455 small and medium-sized, private enterprises from practically all industries were contacted in a telephone survey, resulting in an exceptionally high response rate. The findings reveal that family firms are more reluctant to involve independent directors on their boards than non-family firms that presence of venture capitalists increases the frequency of independent board members and that ownership has an impact on board roles. The results do not support the hypothesised relationship that independent directors enhance entrepreneurial activities. One implication of our study is that the often-argued-for strategic contribution of outsiders to the boards in family firms may be overemphasised. Another implication is that family firms that choose to acquire additional capital should be aware that this could result in a change in the board composition and the loss of control of the business. However, new and external owners’ inclusion on the board seems to be negotiable since there are also venture capitalists that do not insist on board representation.

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  • 39.
    Brunninge, Olof
    et al.
    Jönköping University, Jönköping International Business School, JIBS, EMM (Entrepreneurship, Marketing, Management). Jönköping University, Jönköping International Business School, JIBS, Centre for Family Entrepreneurship and Ownership (CeFEO).
    Nordqvist, Mattias
    Jönköping University, Jönköping International Business School, JIBS, EMM (Entrepreneurship, Marketing, Management). Jönköping University, Jönköping International Business School, JIBS, Centre for Family Entrepreneurship and Ownership (CeFEO).
    Wiklund, Johan
    Jönköping University, Jönköping International Business School, JIBS, EMM (Entrepreneurship, Marketing, Management). Jönköping University, Jönköping International Business School, JIBS Entrepreneurship Centre.
    Corporate Governance and Strategic Change in Small Firms: Untangling and Combining the Effects of Ownership, Board Structure and Top Management Teams2005In: Workshop Governance and Entrepreneurship: Merging Economic and Managerial Perspectives at the Max Planck Institute of Economics, Jena, Germany, 2005Conference paper (Refereed)
  • 40.
    Brunninge, Olof
    et al.
    Jönköping University, Jönköping International Business School, JIBS, EMM (Entrepreneurship, Marketing, Management). Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership.
    Nordqvist, Mattias
    Jönköping University, Jönköping International Business School, JIBS, EMM (Entrepreneurship, Marketing, Management). Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership.
    Wiklund, Johan
    Jönköping University, Jönköping International Business School, JIBS, EMM (Entrepreneurship, Marketing, Management).
    Corporate governance and strategic change in SMEs: The effect of ownership, board composition and top management teams2007In: Small Business Economics, ISSN 0921-898X, E-ISSN 1573-0913, Vol. 29, no 3, p. 295-308Article in journal (Refereed)
    Abstract [en]

    The paper investigates how governance mechanisms affect the ability off small- and medium-sized enterprises (SMEs) to introduce strategic change. Previous research typically assumes that governance mechanisms operate independently of each other. Building on agency theory and insights from the literature on small firm governance, we hypothesize that governance variables related to ownership, the board of directors and the top management team all affect strategic change and that it is important to examine the interaction effects of these governance mechanisms. Using a longitudinal sample of over 800 SMEs, our general logic and hypotheses are supported by the analyses. We find that closely held firms exhibit less strategic change than do SMEs relying on more widespread ownership structures. However, to some extent, closely held firms can overcome these weaknesses and achieve strategic change by utilizing outside directors on the board and/or extending the size of the top management teams. Implications for theory and management practice are discussed.

  • 41.
    Chirico, Francesco
    et al.
    Jönköping University, Jönköping International Business School, JIBS, Business Administration. Jönköping University, Jönköping International Business School, JIBS, 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, Jönköping International Business School, JIBS, Business Administration. Jönköping University, Jönköping International Business School, JIBS, 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, Jönköping International Business School, JIBS, Centre for Family Entrepreneurship and Ownership (CeFEO). Jönköping University, Jönköping International Business School, JIBS, Business Administration.
    To merge, sell or liquidate? Socioemotional wealth, family control, and the choice of business exit2020In: Journal of Management, ISSN 0149-2063, E-ISSN 1557-1211, Vol. 46, no 8, p. 1342-1379Article in journal (Refereed)
    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.

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  • 42.
    Chirico, Francesco
    et al.
    Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership. Jönköping University, Jönköping International Business School, JIBS, ESOL (Entrepreneurship, Strategy, Organization, Leadership).
    Hellerstedt, Karin
    Jönköping University, Jönköping International Business School, JIBS, ESOL (Entrepreneurship, Strategy, Organization, Leadership). Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership.
    Mattias, Nordqvist
    Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership. Jönköping University, Jönköping International Business School, JIBS, ESOL (Entrepreneurship, Strategy, Organization, Leadership).
    Business Exit in Family vs. Non-Family Firms: When Emotional Logic Overrules Rational Judgment2012Conference paper (Refereed)
  • 43.
    Chirico, Francesco
    et al.
    Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership (CeFEO). Jönköping University, Jönköping International Business School, JIBS, ESOL (Entrepreneurship, Strategy, Organization, Leadership).
    Hellerstedt, Karin
    Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership (CeFEO). Jönköping University, Jönköping International Business School, JIBS, ESOL (Entrepreneurship, Strategy, Organization, Leadership).
    Nordqvist, Mattias
    Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership (CeFEO). Jönköping University, Jönköping International Business School, JIBS, ESOL (Entrepreneurship, Strategy, Organization, Leadership).
    “Do Family Firms Exit Less?”2012In: Frontiers of Entrepreneurship Research: Vol. 32, Texas, USA, 2012Conference paper (Refereed)
  • 44.
    Chirico, Francesco
    et al.
    University of Lugano / Texas A&M University.
    Nordqvist, Mattias
    Jönköping University, Jönköping International Business School, JIBS, Centre for Family Entrepreneurship and Ownership (CeFEO). Jönköping University, Jönköping International Business School, JIBS, ESOL (Entrepreneurship, Strategy, Organization, Leadership).
    Dynamic capabilities and trans-generational value creation in family firms: The role of organizational culture2010In: International Small Business Journal, ISSN 0266-2426, E-ISSN 1741-2870, Vol. 28, no 5, p. 487-504Article in journal (Refereed)
    Abstract [en]

    While some research on entrepreneurship in family businesses has focused on transgenerational value creation, a gap exists in understanding how such value is generated across generations. The present research offers insights through the lens of dynamic capabilities, which are created by knowledge and in turn generate entrepreneurial performance and value creation. A model is built based on literature and case research. The crucial role of the organizational culture emerges through the empirical study. Family inertia is considered to be a factor preventing the creation of dynamic capabilities. We find that family inertia depends on characteristics of the family business culture, where paternalism and entrepreneurial orientation influence family inertia positively and negatively, respectively. Family firms from Switzerland and Italy active in the beverage industry represent the empirical context. Theoretical and practical implications are offered.

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  • 45.
    Chirico, Francesco
    et al.
    Jönköping University, Jönköping International Business School, JIBS, Centre for Family Entrepreneurship and Ownership (CeFEO). Jönköping University, Jönköping International Business School, JIBS, ESOL (Entrepreneurship, Strategy, Organization, Leadership).
    Nordqvist, Mattias
    Jönköping University, Jönköping International Business School, JIBS, Centre for Family Entrepreneurship and Ownership (CeFEO). Jönköping University, Jönköping International Business School, JIBS, ESOL (Entrepreneurship, Strategy, Organization, Leadership).
    Colombo, Gianluca
    University of Lugano, Lugano, Switzerland.
    Mollona, Edoardo
    University of Bologna, Bologna, Italy.
    Simulating Dynamic Capabilities and Value Creation in Family Firms: Is Paternalism an "Asset" or a "Liability"?2012In: Family Business Review, ISSN 0894-4865, E-ISSN 1741-6248, Vol. 25, no 3, p. 318-338Article in journal (Refereed)
    Abstract [en]

    The authors conduct a simulation study using system dynamics methods to interpret how and when paternalism affects dynamic capabilities (DCs) and by association value creation in family firms. Their simulation experiments suggest that the effect of paternalism on DCs and value creation varies over time. Initially, increasing levels of family social capital and low levels of paternalism are associated with high rates of DCs and value creation accumulation (asset). Later, higher levels of paternalism produce their pressure to decrease DCs, value creation, and family social capital accumulation rates (liability)

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    fulltext
  • 46.
    Criaco, G.
    et al.
    Rotterdam School of Management, Erasmus University, Netherlands.
    van Oosterhout, J. H.
    Rotterdam School of Management, Erasmus University, Netherlands.
    Nordqvist, Mattias
    Jönköping University, Jönköping International Business School, JIBS, Centre for Family Entrepreneurship and Ownership (CeFEO). House of Innovation, Stockholm School of Economics, Sweden.
    Is blood always thicker than water?: Family firm parents, kinship ties, and the survival of spawns2021In: Journal of Business Venturing, ISSN 0883-9026, E-ISSN 1873-2003, Vol. 36, no 6, article id 106161Article in journal (Refereed)
    Abstract [en]

    We theorize that due to their ability to draw upon the distinctive bonding and bridging social capital resources of their family firm parents, family member spawns have longer early survival times than nonfamily member spawns from family firms, which in turn should have longer early survival times than spawns from nonfamily firm parents. We also predict that the survival enhancing effects of family parent bonding and bridging social capital are conditional on the spatial, cognitive and social proximity between the parent and the spawn. Using a population wide sample of 114,837 spawns founded in Sweden between 2000 and 2007, we find that nonfamily member spawns survive longer than spawns from nonfamily firms, and that this survival enhancing effect is contingent on the spatial and social proximity between the spawn and its parent. We also find that spawns founded by family members, on average, do not survive longer than spawns from family firms founded by nonfamily members, and that greater spatial and cognitive distance even hurt the survival of family member spawns. We discuss the contributions of our research to the spawning, family firm, and entrepreneurship literatures.

  • 47.
    Criaco, Giuseppe
    et al.
    Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership (CeFEO).
    Nordqvist, Mattias
    Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership (CeFEO).
    Back To The Roots: Inherited Ownership Effects and Spawns’ Performance2014In: Strategies in a World of Networks, 2014Conference paper (Refereed)
    Abstract [en]

    This paper analyzes inherited ownership effects, defined as socialization benefits that employees acquire while working in privately-held firms that may be transferred to a spawn. We test for inherited ownership effects in the population of Swedish entrepreneurial spawns competing in medium-high and high technology manufacturing industries. Preliminary results show that spawns of family-owned businesses survive at a higher rate than spawns of non-family-owned businesses. Moreover, spawns that share family ties with the parent company survive at a higher rate than spawns started by non-family members. This findings suggest the existence of inherited ownership effects that influence the performance of new firms.

  • 48.
    Criaco, Giuseppe
    et al.
    Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership (CeFEO).
    Nordqvist, Mattias
    Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership (CeFEO).
    Inherited ownership effects and spawns' survival2014Conference paper (Refereed)
  • 49.
    Criaco, Giuseppe
    et al.
    Jönköping University, Jönköping International Business School, JIBS, Business Administration. Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership (CeFEO). Rotterdam School of Management, Erasmus University, Rotterdam, Netherlands.
    Nordqvist, Mattias
    Jönköping University, Jönköping International Business School, JIBS, Business Administration. Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership (CeFEO).
    The survival of family-firm spawns2017In: 2017 Annual Meeting of the Academy of Management, AOM 2017, Academy of Management , 2017Conference paper (Other academic)
    Abstract [en]

    We analyze whether entrepreneurial spawns from family firms are more likely to survive than spawns from non-family firms. Using a matched employer employee panel data set, we find that entrepreneurial spawns from family firms survive longer than spawns from non-family firms. To mitigate endogeneity concerns, we used a two-stage model for self-selection into spawning and implemented coarsened exact matching to compare more closely aligned treatment (family parent) and control (non-family parent) samples. We further show that entrepreneurial spawns from family firms survive longer when located closer to the parent firm and when the founder had longer tenure at the parent firm.

  • 50. Cruz, Cristina
    et al.
    Nordqvist, Mattias
    Jönköping University, Jönköping International Business School, JIBS, EMM (Entrepreneurship, Marketing, Management). Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership.
    A Lifecycle Approach to Entrepreneurial Orientation in Family Businesses2008Conference paper (Refereed)
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