Family Business

Leveraging a firm’s tradition to innovate could be a relevant strategy to enhance export activities. We propose that family ownership has a negative moderating effect on the relationship between delving into a firm’s tradition to innovate and expo…

Drawing from the mixed gamble perspective, we assess the development of family firms compared to non-family enterprises in their journey towards achieving SDG 7 (affordable and clean energy). Our framework elucidates the impact of the mixed gamble…

Unyarat Pornprakit (Unya) is the youthful chief executive officer of Jubilee Enterprise PLC, a diamond jewelry retailer. Since Unya became CEO in 2008, she has expanded the chain to 128 stores and grown the revenue to $400 million. She has managed…

Family businesses are integral to the entrepreneurial ecosystems in which they operate. In order to explore how the legacy of individual entrepreneurial families affects the local entrepreneurial ecosystem, the Center of Family Businesses of the F…

Female leadership in strategic decision-making has received considerable attention in the context of global gender inequality. To advance our understanding of the role of executive gender in corporate financing decisions, we examine whether family…

Research on the acquisition behaviour of family firms has produced conflicting theoretical arguments and mixed empirical findings on their propensity to acquire related or unrelated targets. While previous work has mainly focused on firm-level var…

The Carvajal case is based on interviews with four family members and executives of Carvajal S.A., one of Latin America’s leading family businesses. The case focuses on how, over the span of 120 years, the Carvajal family built a holistic family e…

Despite the efforts to contextualize human resource management to family firms, scientific literature addressing this study domain suffers from limited systematization. The article arranges an integrative framework to make sense of the challenges …

Building on the mixed gamble perspective, we analyze the progress of family versus non-family firms towards SDG 7 (affordable and clean energy). Our framework explains how the mixed gamble and goals of family firm ownership and management, as well…

Delving into the firm’s tradition to innovate can be a relevant strategy to boost export intensity, imbuing new products with uniqueness and authenticity that foreign customers appreciate. Nevertheless, it also entails risks, thus generating tensi…

Biases and paradoxes are inherently context-dependent phenomena, as they are influenced by various contextual factors that can either magnify or diminish their prominence. In the realm of family entrepreneurship, these contextual intricacies are p…

Craft firms characterized by a humanistic approach to work face a tension between adhering to pure craft principles and embracing industrialization. This challenge is heightened in family-controlled craft firms, striving to uphold tradition while …

The role of organizational resilience enabling firms to respond to adversity and survive has become ever more critical in the wake of an increasingly unpredictable external environment. Yet, while we understand the importance of resilience in resp…

Indonesia is the biggest economy in the ASEAN region. Surprisingly, it did not reach the latest UNCTAD Top-100 emerging market multinational list. In contrast, Malaysia and Thailand have secured their place on the list. This indicates that Indones…

Choosing a CEO is a crucial decision for any company, but it becomes particularly complex in family businesses. This difficulty stems from the need to balance a number of factors, including managerial skills, family dynamics, company tradition, an…

Family businesses often have not only financial wealth but also nonfinancial values that make them different from nonfamily companies. For instance, the family’s significant control over ownership, management, and the board accelerates decision-ma…