Salta al menu principale di navigazione Salta al contenuto principale Salta al piè di pagina del sito

Articles

N. 1 (2022)

Values of centenarian family firms as a source of longevity

DOI
https://doi.org/10.3280/cgrds1-2022oa13752
Inviata
29 aprile 2022
Pubblicato
03-08-2022

Abstract

Being in business over a century, Centenarian family firms (CFF) have demonstrated that they adapt to a changing competitive market environment and successfully established longevity, including an efficient succession routine and dynamic capabilities. While family firms are considered to possess a strong set of values (Lumpkin & Brigham, 2011), it has not been observed, which value sets are vital for longevity. Through the close connection between the individual values of family members and the business itself, values influence the behaviour of CFF (Astrachan et al., 2002; Dyer, 2003; Gersick et al., 1997). Conducting nine qualitative interviews, we identify that CFF balance values for change, which leads to innovation, and values for conserving the status quo of the firm in an equilibrium.

Riferimenti bibliografici

  1. Agle B.R., Caldwell C.B. (1999). Understanding research on values in business: A level of analysis framework. Business & Society, 38(3): 326-387. DOI: 10.1177/000765039903800305.
  2. Astrachan J.H., Klein S.B., Smyrnios K.X. (2002). The F-PEC scale of family influence: A proposal for solving the family business definition problem. Family Business Review, 15(1): 45-58. DOI: 10.1111/j.1741-6248.2002.00045.x.
  3. Ceja L., Tapies J. (2011). Corporate values guiding the world’s largest familyowned businesses: a comparison with non-family firms. IESE Business School – University of Navarra. Working paper, 1-18.
  4. Chua J.H., Chrisman J., Sharma P. (1999). Defining the Family Business by Behavior. Entrepreneurship Theory and Practice, 23(4): 19-39. DOI: 10.1177/104225879902300402.
  5. Corbetta G., Salvato C. (2012). Strategies for longevity in family firms: A European perspective. Springer.
  6. Duh M., Belak J., Milfelner B. (2010). Core values, culture and ethical climate as constitutional elements of ethical behaviour: Exploring differences between family and non-family enterprises. Journal of Business Ethics, 97(3), 473-489. DOI: 10.1007/s10551-010-0519-9.
  7. Dyer W.G. (1988). Culture and continuity in family firms. Family Business Review, 1(1): 37-50. DOI: 10.1111/j.1741-6248.1988.00037.x.
  8. Dyer W.G. (2003). The family: The missing variable in organizational research. Entrepreneurship Theory and Practice, 27(4): 401-416. DOI: 10.1111/1540-8520.00018.
  9. Erdem F., Başer G.G. (2010). Family and business values of regional family firms: a qualitative research. International Journal of Islamic and Middle Eastern Finance and Management, 3(1): 47-64. DOI: 10.1108/17538391011033861.
  10. Fayolle A., Liñán F., Moriano J.A. (2014). Beyond entrepreneurial intentions: values and motivations in entrepreneurship. International Entrepreneurship and Management Journal, 10(4): 679-689. DOI: 10.1007/s11365-014-0306-7.
  11. Gersick K.E., Davis J.A., Hampton M.M., Lansberg I. (1997). Generation to generation: Life cycles of the family business. Harvard Business Press.
  12. Glowka G., Zehrer A. (Eds.). (2019). Die gesellschaftliche Verantwortung von Familienunternehmen – Analyse der Interaktionsebene zwischen Beherbergung und DMO. Deutschen Gesellschaft für Tourismuswissenschaft.
  13. Hemingway C.A. (2005). Personal values as a catalyst for corporate social entrepreneurship. Journal of Business Ethics, 60(3): 233-249. DOI: 10.1007/s10551-005-0132-5.
  14. Hennerkes B.-H., Hund T. (2008). Familienunternehmen – quo vadis? In Praxishandbuch Mittelstandsfinanzierung, 255-267. DOI: 10.1007/978-3-8349-9750-0_15.
  15. Hofstede G. (1976). Nationality and espoused values of managers. Journal of Applied Psychology, 61(2): 148. DOI: 10.1037/0021-9010.61.2.148.
  16. Hussy W., Schreier M., Echterhoff G. (2010). Forschungsmethoden in psychologie und sozialwissenschaften-für bachelor. Springer-Verlag.
  17. Jones O., Ghobadian A., O’Regan N., Antcliff V. (2013). Dynamic capabilities in a sixth-generation family firm: Entrepreneurship and the Bibby Line. Business History, 55(6): 910-941. DOI: 10.1080/00076791.2012.744590.
  18. Kidwell R.E., Kellermanns F.W., Eddleston K.A. (2012). Harmony, justice, confusion, and conflict in family firms: Implications for ethical climate and the “fredo effect”. Journal of Business Ethics, 106(4): 503-517. DOI: 10.1007/s10551-011-1014-7.
  19. Koiranen M. (2002). Over 100 years of age but still entrepreneurially active in business: Exploring the values and family characteristics of old Finnish family firms. Family Business Review, 15(3): 175-187. DOI: 10.1111/j.1741-6248.2002.00175.x.
  20. Löhde A.S.K., Calabrò A., Torchia M. (2020). Understanding the main drivers of family firm longevity: the role of business family learning. International Studies of Management & Organization, 50(2): 130-152. DOI: 10.1080/00208825.2020.1758421.
  21. Lumpkin G.T., Brigham K.H. (2011). Long–Term Orientation and Intertemporal Choice in Family Firms. Entrepreneurship Theory and Practice, 35(6): 1149-1169. DOI: 10.1111/j.1540-6520.2011.00495.x.
  22. Lyman A.R. (1991). Customer service: does family ownership make a difference? Family Business Review, 4(3): 303–324. DOI: 10.1111/j.1741-6248.1991.00303.x.
  23. Massis A. de, Kotlar J. (2014). The case study method in family business research: Guidelines for qualitative scholarship. Journal of Family Business Strategy, 5(1): 15-29. DOI: 10.1016/j.jfbs.2014.01.007.
  24. Mayring P. (2010). Qualitative inhaltsanalyse. In: Mey G., Mruck K. (eds) Handbuch Qualitative Forschung in der Psychologie. 601-613. Springer. DOI: 10.1007/978-3-531-92052-8_42.
  25. Mayring P., Fenzl T. (2014). Qualitative inhaltsanalyse. In: Baur N., Blasius J. (eds) Handbuch Methoden der empirischen Sozialforschung. Springer VS, Wiesbaden, 543-556. DOI: 10.1007/978-3-531-18939-0_38.
  26. Rau S.B., Schneider-Siebke V., Günther C. (2019). Family firm values explaining family firm heterogeneity. Family Business Review, 32(2): 195-215. DOI: 10.1177/0894486519846670.
  27. Reichertz J. (2019). Empirische Sozialforschung und soziologische Theorie. In: Baur N., Blasius J. (eds) Handbuch Methoden der empirischen Sozialforschung. Springer VS, Wiesbaden, 31-48.
  28. Rojas A., Lorenzo D. (2021). Environmental and Social Goals in Spanish SMEs: The Moderating Effect of Family Influence. Sustainability, 13(4), 1998. DOI: 10.3390/su13041998.
  29. Rokeach M. (1973). The nature of human values. Free Press.
  30. Rokeach M. (1979). Some unresolved issues in theories of beliefs, attitudes, and values. Nebraska Symposium on Motivation, 27: 261-304.
  31. Schwartz S.H. (1992). Universals in the content and structure of values: Theoretical advances and empirical tests in 20 countries. Advances in experimental social psychology, 25: 1-65. DOI: 10.1016/S0065-2601(08)60281-6.
  32. Schwartz S.H. (1999). A theory of cultural values and some implications for work. Applied Psychology, 48(1): 23-47. DOI: 10.1111/j.1464-0597.1999.tb00047.x.
  33. Schwartz S.H. (2003). A proposal for measuring value orientations across nations. Questionnaire Package of the European Social Survey, 259(290): 261.
  34. Schwartz S.H. (2012). An overview of the Schwartz theory of basic values. Online Readings in Psychology and Culture, 2(1): 11. DOI: 10.9707/2307-0919.1116.
  35. Schwartz S.H., Bilsky W. (1987). Toward a universal psychological structure of human values. Journal of Personality and Social Psychology, 53(3): 550. DOI: 10.1037/0022-3514.53.3.550.
  36. Schwartz S.H., Sagiv L. (1995). Identifying culture-specifics in the content and structure of values. Journal of Cross-Cultural Psychology, 26(1): 92–116. DOI: 10.1177/0022022195261007.
  37. Sharma P. (2004). An Overview of the Field of Family Business Studies: Current Status and Directions for the Future. Family Business Review,1(17): 1-36. DOI: 10.1111/j.1741-6248.2004.00001.x.
  38. Tàpies J., Fernández M.M. (2012). Values and longevity in family business: Evidence from a cross-cultural analysis. Journal of Family Business Management, 2(2): 130-146. DOI: 10.1108/20436231211261871.
  39. Tàpies J., Ward J. (2008). Family values and value creation: the fostering of enduring values within family-owned businesses. Springer.
  40. Vazquez P. (2018). Family business ethics: At the crossroads of business ethics and family business. Journal of Business Ethics, 150(3): 691-09. DOI: 10.1007/s10551-016-3171-1.
  41. WKO (2013). Familienunternehmen in Österreich. Eine aktuelle Studie der WKO. Wirtschaftskammer Tirol, Innsbruck (Dossier Wirtschaftspolitik, 2013/11, Wien).

Metriche

Caricamento metriche ...