ifera .cdr - eDocs - University of Illinois Springfield

Transcription

Table of contents
1. The conference.............................................................................................. 4
1.1. Proceedings, WiFi, Registration, and things to know...................... 4
1.2 Locations and transportation............................................................... 5
1.3 Welcome from the President................................................................ 9
1.4 Welcome from the Conference Chair ................................................. 11
1.5 Welcome from the Academic Program Chairs ..................................13
1.6 Keynote Speakers................................................................................... 15
1.7 Conference Awards:...............................................................................17
1.8 Nominations........................................................................................... 18
1.9 Meet the Editors..................................................................................... 24
1.10 Submission Statistics............................................................................24
2. The Program................................................................................................. 26
2.1 Overview................................................................................................. 26
2.2 Monday, June 27th: IFERA 2016 Consortiums.................................. 27
2.3 Tuesday, June 28th: IFERA 2016 Main Conference...........................28
1
Table of contents
2.4 Wednesday, June 29th: IFERA 2016 Main Conference..................... 30
2.5 Session details: Tuesday, June 28th..................................................... 31
2.6 Session details: Wednesday, June 29th................................................34
3. Main Conference Abstracts.........................................................................37
4. People involved............................................................................................ 68
4.1 List of Reviewers.................................................................................... 68
4.2 Author index........................................................................................... 70
4.3 List of Conference Session Chairs........................................................73
4.4 IFERA 2016 Commi ee......................................................................... 73
2
List of figures
Figure 1: INALDE Business School, Universidad de La Sabana............... 5
Figure 2: Bus Stop ............................................................................................ 6
Figure 3: INALDE Business School, Universidad de La Sabana .............. 7
List of tables
Table 1: Room Names...................................................................................... 5
Table 2: Submission statistics......................................................................... 24
Table 3: Country wise number of authors ................................................... 25
Table 4: Program overview............................................................................. 26
Table 5: Consortiums program.......................................................................27
Table 6: Program for Tuesday, June 28th...................................................... 28
Table 7: Program for Wednesday, June 29th................................................ 30
Table 8: List of reviewers ................................................................................68
Table 9: List of conference session chairs......................................................73
3
1. The conference
1.1. Proceedings, WiFi, Registration, and things to know
The Conference Proceedings can be downloaded in pdf format
from: h p://ifera2016.ifera.org
At INALDE Business School there is a free WiFi for all participants:
o Please select the WiFi: Participante-Inalde
o Password: INALDE_bs
Our information desk is located at INALDE Business School,
Universidad de La Sabana.
This is your main contact point for all kinds of requests.
On-site registration and payment for events: if you wish to register
on-site for the Social Dinner, the Gala Dinner, the Family Business
Day, or other social events, please do the following:
o Go to h p://ifera2016.ifera.org/index.php/registration and
register online via the Registration tab.
o A credit card is required for payment
4
1.2 Locations and transportation
Conference Venue
The conference venue is at INALDE Business School, Universidad de La
Sabana, Autopista Norte Km 7 Costado occidental, Chia.
Registration, Coffee breaks and Lunch will be held at INALDE, Business
School.
INALDE, Business School, Universidad de La Sabana
Figure 1: INALDE Business School, Universidad de La Sabana
Following the recently started tradition of naming rooms at the IFERA
conference after IFERA fellows, seven fellows have been selected this year
to lend their name the main conference rooms where academic
presentations will take place. The table below shows the fellows' names
and the corresponding room number:
IPADE
MONTEMERLO
HARVARD
ASTRACHAN
IAE
PERKINS
IESE
GALLO
X & XI Room
KOIRANEN
IX
THOMASSEN
David Mejia Velilla Auditorium
NICHOLSON
.
Table 1: Room Names
5
Transportation
The conference venue is located in the city of Chia. Buses will depart from
Usaquen zone, in front of Hotel Hampton Inn Usaquén. If you miss the
transportation, you can contact Mr. Fernando Gómez at mobile number
315 7925495.
Figure 2: Bus Stop
Social Events
Welcome Reception
Conference participants are invited to our Welcome Reception on Tuesday,
June 27th 2016 at Café Amarti. Drinks and snacks will be served and a
welcome speech will be held.
Time: 19:00-21:00
Location: Café Amartí, Usaquén, Street 119 #6-24 , (+571) 2149017. It is
located in the Usaquen zone, near the Hampton Inn Hotel.
6
Social Dinner
After the first main conference day, the conference participants are
welcome to the social dinner on Wednesday, June 28th 2016 at Andrés
Carne de Res Restaurant.
Time: 19.30 – 22:00
Gala Dinner
The Gala Dinner on Wednesday June 29th 2016 takes place at INALDE
Business School. During the Gala Dinner the IFERA Awards will be given
to the winners.
Time: 19:00 – 22:00
Location: INALDE Business School, Universidad de La Sabana,
Autopista Norte Km 7 costado occidental, Chia
Figure 3: INALDE Business School, Universidad de La Sabana
7
Social Events for Guests
Three special tours will be offered: 1) Museo del Oro-Golden Museum, 2)
Museo de la Esmeralda-Emerald Museum and 3) Cerro de MonserrateMonserrate Hill.
Tuesday, 28th June 2016
Time: 9:00 am -4:00 pm
Price for participants and guests: USD 40- Lunch and transport is
included.
Visit to Salt Cathedral of Zipaquirá
Wednesday, 29th June 2016
Time: 8:00 am a 4:00 pm
Individual Price: USD 55- Lunch and transport is included.
If you like to get more detailed information on the cultural program Bogotá offers,
please visit the website: h p://www.colombia.travel/en/where-togo/andean/bogota
8
1.3 Welcome from the President
Welcome to the 2016 IFERA Annual Conference!
Dear Friends,
I once again have the privilege to invite you to browse through an excellent
compilation of scholarly output in a field we are passionate about. This
year's conference is especially remarkable, with our Annual Conference
being held outside of Europe for the first time. Of course, we have been
preparing for this big step via our other events, e.g. our Regional Forum,
and our Research Development Workshops. As a result, this year's
program also weaves in the kind and quality of research from Latin
America into our conversations. The program once again highlights the
fact that IFERA provides the widest umbrella to family business scholars of
all stripes and shades, and our field continues to grow in a variety of ways in content, in quality, in diversity of thoughts, methods, and geographical
origin and reach, as well as in rigor and relevance. Together with the help
of our members and friends, we will continue to soldier on, in our mission
to provide platforms where scholars can honestly, fearlessly, and
professionally, pursue the questions that may advance the field. I hope
many of the papers in these proceedings make their way into publication
outlets, and are nominated in the future for IFERA Best Published Paper
Award.
I would like to thank all the contributors for sharing their work with us, the
reviewers for their time, diligence, and professionalism, and offer my
heartiest congratulations to the award winners. I would like to thank all the
reviewers and jury members for their professional and timely reviews and
deliberations that made it possible to finalize a high quality program.
Special thanks to IFERA 2016 Program Co-chairs Alexandra Dawson and
Tensie Steijvers, IFERA team (Ramona Zachary, Ranjan Karri, Donella
Caspersz, Bri a Boyd), who put this excellent collection together, and
9
to IFERA 2016 Bogota Team (especially Gonzalo Gomez Betancourt and
Maria Lopez) for organizing its printing and distribution. We at IFERA
take fresh strength from this effort to dedicate ourselves anew to our
mission of developing the family business field, by welcoming current
scholars, assisting and developing new scholars, and engaging
established scholars from other related fields.
Happy reading!
Sanjay Goel
President
IFERA
10
1.4 Welcome from the Conference Chair
Dear All,
We are delighted to be the host of our main conference IFERA 2016 at
INALDE Business School, for the first time we are going to be out of Europe
because we are an international organization and our Board of Directors
chose a Latin-American zone in order to start our world scope. For that
reason Colombia has been selected as a representative country of this
community because of its family business tradition representing the major
actor of the economy.
The conference theme "Narratives in Family Business" covers aspects that
are central to being, remaining and succeeding as a family business. Our
theme challenges family business researchers to look to the history of a
family and understand the power of the previous generation's values,
virtues and storytelling. Our key speaker will be Professor Ellie Hamilton
from Lancaster University as one of the most representative people in this
topic for the family business community also we will have Professor Gallo
who is going to give us his insights about the relevant topics to do research
in our field.
We are also proud to present our conference with some especial
differences. During the first day we have our important process of
engaging people in our field with the Faculty Development and Doctoral
Consortium along with a professional Development workshop. After our
traditional two days of the Academic conference with paper and poster
presentations and discussion sessions. However we wanted to do kind of
innovation because one of our IFERA objectives is to bring researchers and
business families closer, therefore for the first time the family business is
included in the price for the academic community, so we are going to start
this event during the third day, and the four day we are expecting to have
both communities a ending the family business day with a traditional
11
agenda introducing four Key-speakers Professors: Miguel Angel Gallo,
Salvo Tomaselli, Guillermo Perkins and myself and different families
around the world telling their stories with an academic explaining as a
case study. Also another innovation is all the academic community will
have the opportunity to meet the tourism a raction of the city.
Authors of the best papers, PhD and research proposals are distinguished
with special awards. These authors and all IFERA 2016 participants are
invited to submit their papers to special issues of Journal of family business
strategy and in Spanish to Cuadernos de Administración.
IFERA 2016 is not, of course, all about professional satisfactions. We have
designed a program that allows us to have fun in many ways. We have less
formal get-togethers and more formal Gala Dinner.
Finally, we are very excited to welcome you to Bogota and hope that you all
enjoy stay here.
Best Regards
Gonzalo Gómez Betancourt
Conference Chair IFERA 2016
12
1.5 Welcome from the Academic Program Chairs
Dear All,
Welcome to IFERA 2016 Annual Conference! We are delighted to co-chair
the IFERA 2016 Annual Conference at INALDE Business School in Bogota,
Colombia.
The IFERA 2016 theme is "Narratives in Family Business" and our call for
papers encouraged submissions that embrace diverse disciplinary
traditions, theoretical perspectives and methodological approaches. As
usual, the IFERA conference program reflects the richness and diversity of
the family business research field and the IFERA network in terms of
research topics and methods. In addition, the 2016 call for paper was
especially aimed at a racting papers that advance our understanding of
narrative inquiry as a qualitative approach to family business that, while
complementing other, more established, methodologies, allows scholars
to enrich their understanding of family businesses.
We hope you will enjoy the four-day conference program. The first day we
have Faculty Development and Doctoral Consortiums along with a
Professional Development Workshop. The next two days are primarily
reserved for the Academic Conference with paper presentations,
discussion and poster sessions. Two outstanding scholars will offer
keynotes speeches: Ellie Hamilton, Professor at Lancaster University, and
Miguel Ángel Gallo, Professor Emeritus at IESE Business School. The
Academic Conference program includes 11 paper presentation sessions
(31 papers), 8 discussion sessions (23 papers) and one poster session for a
total of 9 posters. The last day of the conference is the Family Business Day,
which aims to engage business families and family business scholars in
exchange of ideas and questions, and solutions.
13
We would like to thank all the 150 contributors who have chosen IFERA to
present their research, the 68 reviewers who commi ed their time and
knowledge to ensure timely and quality feedback to the authors, and the 19
session chairs who will be crucial to ensure constructive and stimulating
discussions during the conference sessions. Moreover, we would like to
offer our best congratulations to all the award nominees and the award
winners. Finally, our special thanks go to IFERA Board Members for their
trust and for providing continuous support and help during the process.
We are excited to welcome you to IFERA 2016 and hope that you will enjoy
the academic program. Welcome to all of you, dear friends and colleagues!
In co-operation,
Alexandra Dawson and Tensie Steijvers
IFERA 2016 Program Chairs
14
1.6 Keynote Speakers
Ellie Hamilton
Lancaster University, UK
Professor Ellie Hamilton is the Associate Dean for
enterprise engagement and impact at Lancaster
University, UK. She has 15 years experience in the
se ing up and management of a range of small
businesses. Her research interests focus on influence
and impact of intergenerational learning in family
businesses; entrepreneurial learning; entrepreneurship
education & curriculum; marketing/entrepreneurship
interface.
Professor Hamilton is member of ESRC Peer College
Review, member of the MacLeo Guru Group on
employee engagement and member of Lancashire
Skills and Employment Task Group. She has obtained
the Judging Award: BIBA Awards and Judging Award:
Institute for Small Business and Entrepreneurship.
Hamilton has authored more than 50 peer reviewed
journal articles (in amongst other journals Academy of
Management Learning and Education, Journal of Small
Business Management, Entrepreneurship Theory and
Practice, Entrepreneurship and Regional Development
and Journal of Family Business Strategy)
15
1.6 Keynote Speakers
Miguel Angel Gallo
IESE Business School of the University of Navarra, Spain
Professor Gallo is a professor emeritus in the
Department of Strategic Management at the IESE
Business School of the University of Navarra. He has
widespread professional experience, having served on
the boards of management of prominent firms such as
AVANCO, ANESIN, Widewall Investments and Grupo
Senda (Mexico). He is president of the Family Business
Consulting Group (Spain) and a recognized 'Fellow' of
the International Family Enterprise Research Academy
(IFERA). His areas of research include strategic
management, Organizational design, Boards of
Directors and Family businesses.
Prof. Gallo has published several books. He is coauthor of the book Protocolo Familiar: Sus resultados
(The Family Protocol: Results) (2006). He has also
published numerous journal articles and research
16
1.7 Conference Awards:
Award #1 – 2016 IFERA Best Ph.D. Research Proposal Award (€2000 Euros)
Award #2 – 2016 IFERA Best Reviewer Award (IFERA2017 conference complimentary
registration)
Award #3 – 2016 IFERA Best Conference Research Paper Award for First-Time
Presenter (€1000)
Award #4 - 2016 IFERA Best Emerging Scholar Award(€2000 Euros)
Award #5 – 2016 IFERA Award for Best Paper Contribution to Practice (€2000 Euros)
Award #6 - 2016 IFERA Best Paper on Conference Theme (€1500)
Award #7 – 2016 IFERA Best Conference Research Paper Award (€2000)
Award #8 - 2016 IFERA Best Published Paper from an IFERA Event Award (€3000)
The 2016 Award Jury Reviewers:
Alexandra Dawson
Tensie Steijvers
Ranjan Karri
Bri a Boyd
Maria Sacristan Navarro
Esra Memili
Rania Labaki
17
1.8 Nominations
IFERA 2016 Best Ph.D. Research Proposal Award
Description: The International Family Enterprise Research Academy
(IFERA) is dedicated to facilitating and promoting the advancement of
family business research by encouraging sound, scholarly, and rigorous
research practices derived from all accepted methods of inquiry and
philosophical traditions. The IFERA Best Ph.D. Research Proposal
Competition initiative aims to acknowledge and honor the next generation
of family business scholars whose research is deemed to hold significant
promise to increase extant knowledge in the broad area of family business.
The following people have been nominated for the IFERA 2016 Best Ph.D.
Research Proposal Award:
No nominations this year as we did not receive any applications for this award.
IFERA 2016 Best Reviewer Award
Description: IFERA greatly appreciates the time and effort of its members
put to reviewing papers and providing feedback to the authors. The
quality of reviews is critical considering the aims of IFERA conferences
and, thereby, we wish to recognize outstanding reviewers.
The following people have been nominated for the IFERA 2016 Best
Reviewer Award:
Jonathan Bauweraerts and Julia Suess-Reyes
18
IFERA 2016 Best Conference Paper Award for First-Time Presenter
Description: It is extremely important for our research community to grow.
Thereby, IFERA wants to encourage new researchers of family business by
presenting this award (*at least one author must be a first time a endee and
present the paper).
The following people have been nominated for the IFERA 2016 Best
Conference Paper Award for First-Time Presenter:
Ismael Barros – Co-author of paper titled: VRIN Resources, Knowledge
Management and Ordinary Capabilities in Family Firms.
Elena Fuetsch – Co-author of paper titled: The Future of Family Farming: A
Literature Review on Innovative, Sustainable and Succession-Oriented Strategies
Vi oria Marino – Co-author of paper titled: Can you tell me about the
future? The family business's narrative experience of its non-economic goals of
growth
IFERA 2016 Best Emerging Scholar Award
Description: The IFERA Best Emerging Scholar Award aims to
acknowledge and honor the new generation of family business scholars
whose research holds significant promise for development of the field.
Applications are encouraged from PhD Graduates between the last 4-7
years with evidence of authorship of two 'A' publications, and two other
publications that are independent of the PhD supervisor and/or mentor.
No nominations this year.
19
2016 IFERA Award for Best Contribution to Practice
Description: This award is to recognize and encourage contributions to
improving practice. Nominated papers by jury reviewers during the
conference paper review process are considered for this award. Identified
authors were asked to submit an Executive Summary of the practical
implications for practice that directly emerge from their IFERA paper
submission.
The following papers have been nominated for the IFERA 2016 Award for
Best Contribution to Practice:
2016 IFERA Best Paper on Conference Theme Award
Description: This award is to recognize the best of our best conference
paper on Conference Theme. Selected based on reviews and juried.
Best Conference Theme Paper:
Can you tell me about the future? The family business's narrative
experience of its non-economic goals of growth
Authors: Bice Della Piana, Vi orio Marino and Allesandra Vecchi.
Narratives as a tool to revisit the theorization of entrepreneurial
resourcefulness: Evidence from the biography of a habitual family
entrepreneur
Author: Ma i Koiranen
20
2016 IFERA Best Conference Research Paper Award
Description: This award is to recognize the best of our best conference
research paper. Selected based on reviews and juried.
Best Conference Research Paper:
Succession planning in private family firms: Interplay between family
governance practices and the board of directors
Authors: Ine Umans, Nadine Lybaert, Tensie Steijvers, Wim Voordeckers.
Impact of Family Business Group Characteristics on New Venture
Creation: Evidence from India
Authors: Kavil Ramachandran, Sougata Ray, Amit Baran Chakrabarti
Unfolding the Surviving Secrets of Century-Old Ethnic Chinese Family
Businesses
Authors: Roger King, Winnie Qian Peng
21
2016 IFERA Best Published Paper from an IFERA Event Award
Description: IFERA is dedicated to facilitating and promoting the
advancement of family business research by encouraging scholarly and
rigorous research practices derived from all accepted methods of inquiry
and philosophical traditions. This award aims to acknowledge and honor
published research that emerged from an IFERA event and had had the
most impact on the advancing the family business field.
Award winners in IFERA events 2015-16
IFERA 2015 Regional Forum – Mexico City (November 10-13, 2015):
Best Regional Forum Paper Award:
"El Conflicto en las Relaciones: Un Análisis Empírico a las Empresas
Familiares Españolas"
Authors:
Ismael Barros, Juan Hernangómez and Natalia Martín.
Best Regional Forum Paper in Spanish:
"Estructura de Propiedad y su Efecto en la Política de Dividendos en el
Contexto Mexicano"
Authors:
Juan Manuel San Martín Reyna, Héctor Ángeles Sánchez and
María José Fernández Montero
Best Regional Forum Paper for Practical Application Award:
"Las Orientaciones Estratégicas y los Resultados Organizacionales: Una
Comparación entre la Empresa Familiar y No Familia"
Authors:
Axel A ayacatl Zavala Angulo, Jorge Eduardo Gómez Villanueva and
Alex Rialp Criado
22
IFERA 2016 Research Development Workshop – Catania (February 2-4,
2016):
The family businesses heterogeneity: An empirical investigation in the
context of internationalization - Mariasole Banno, Giorgia M. D'Allura,
Vincenzo Pisano and Rosario Faraci
Female leadership and family business performance: Distinguishing
between financial and nonfinancial performance - Ingrid Chadwick and
Alexandra Dawson
Most proactive and innovative paper
A study of Italian tobacco shops: innovation and family dynamics Alessandra Tognazzo and Paolo Gubi a
IFERA 2015 Student Travel Scholarship Award Recipients
IFERA Student Travel Scholarship Awards aims to provide travel support
and complimentary registration to the consortiums and the academic
conference to Ph.D. students. The program was launched on a pilot basis in
2014. For 2015, nominations were sought from IFERA board members of
supervisors who should be invited to send their students. The recipients
and their supervisors are as follows.
Supervisor
Recipient
Xiaogang He
Fei Fei Lv
Alfredo de Massis
Feranita
Ramona Zachary
Guangbo Ge
Sharon Danes
Lavania Nosé
Four other supervisors were invited to nominate their students, but did not
respond to the invitation this year.
23
1.9 Meet the Editors
“Meet the Editors” sessions (see program) offer many opportunities to
discuss about potential outlets for your research with the Editors of
important journals and special issues.
1.10 Submission Statistics
Total number in the program
Paper presentations (PP)
31
Discussion papers (DS)
23
Posters (PS) - Research Dissemination papers
9
Spanish Submissions (included in PP & DS)
5
Total
63
No. of authors in the program
152
Table 2: Submission statistics
24
17 Country wise number of authors
Australia
5
Austria
2
Belgium
6
Brazil
9
Canada
1
Chile
2
China
1
Colombia
12
Costa Rica
3
El Salvador
3
Finland
2
France
1
Germany
9
Honduras
1
Hong Kong Special Administrative Region of China
3
India
3
Italy
9
Japan
1
Luxembourg
2
Malaysia
3
Mexico
11
Oman
1
Poland
Singapore
2
Spain
14
Sweden
2
Swi erland
2
United Kingdom
9
United States
11
Table 3: Country wise number of authors
25
1
2. The Program
2.1 Overview
Event
Date
June 26th
(Sunday)
Pre-conference
14:00-17:00 - IFERA Board Meeting (Hampton Inn Hotel- Usaquén)
18:00 - Welcome reception for participants of Doctoral and Faculty
consortium participants - Informal get together
(Coloquial Restaurant, Usaquén)
June 27th
(Monday)
IFERA 2016 Consortiums [Doctoral & Faculty Consortiums]
(Inalde Business School)
Professional Development Workshop [PDW] (Inalde Business School)
19:00 - Welcome reception for all IFERA participants
(Café Amarti Restaurant, Usaquén)
June 28th
(Tuesday)
IFERA 2016 Academic Conference – Day 1 (Inalde Business School)
19:30 - Social Dinner (Andrés Carne de Res, Chía)
June 29th
(Wednesday)
IFERA 2016 Academic Conference – Day 2 (Inalde Business School)
19:00 - Gala Dinner (Inalde Business School)
June 30th
(Thursday)
IFERA 2016 Family Business Day
Cocktail reception (Inalde Business School)
Table 4: Program overview
26
2.2 Monday, June 27th: IFERA 2016 Consortiums
Consortiums program
Room: Montemerlo-IPADE
8:00
Coffee & Registration
8:30
Welcome & Information about the logistics and the day
(Prof. Dr. S. Goel & Prof. Maria Piedad Lopez-Vergara)
8:45
Country comparisons and cross-country collaboration in research
(Prof. Dr. I. Botero)
9:30
The challenges & benefits of mixed methods research
(Profs. Drs. R. Jones & T. Reilly)
10:30
Coffee Break
10:45
Mixed methods exercise (Profs. Drs. R. Jones & T. Reilly)
Breakout session (Doctoral Students)
11:30
Finding meaning and happiness in your professional career (Dr. L. Ceja)
12:30
Lunch
1:15
Handling emotions in undertaking qualitative research (Prof. Dr. E. Hamilton)
2:15
Coffee break
2:30
Managing the PhD student – supervisor relationship (Prof. Dr. M. Koiranen)
Breakout sessions (Doctoral Students)
3:30
Mental models of family firms (Prof. Dr. A. Gimeno)
4:30
Conclusion (Prof. Dr. S. Goel)
Table 5: Consortiums program
27
2.3 Tuesday, June 28th: IFERA 2016 Main Conference
Time
Session
08:45-09:15
Conference Registration – Inalde Business School
09:30-09:45
Welcome Dr. Sanjay Goel, IFERA President, Prof. Gonzalo GómezBetancourt, Room: NICHOLSON (David Mejia Velilla Auditorium )
09:45-11:00
Keynote Speech, Eleanor Hamilton: "Narratives in family firms"
– Room: NICHOLSON (David Mejia Velilla Auditorium )
11:00-11:30
COFFEE BREAK – IPADE Lobby
Paper Presentation Sessions (PP)
Pp1 –Conference theme: Narratives and other qualitative research methods
– Room: MONTEMERLO (IPADE)
11:30-13:00
PP2 – Performance – ASTRACHAN (HARVARD)
PP3 – Succession, sustainability and longevity – PERKINS (IAE)
PP4 – Entrepreneurship and new venture creation – GALLO (IESE)
13:00-14:30
LUNCH BREAK – INALDE Business School, IPADE Lobby
13:00-14:00
IFERA Research & Publications Commi ee Meeting
–KOIRANEN (X & XII ROOMS)
14:00-15:00
IFERA Conference and Events Commi ee Meeting
14:00-15:00
Posters and research dissemination session – INALDE Business School,
HARVARD Lobby PS1 – Posters Session
Discussion Sessions (DS)
15:00-16:30
DS1 – Succession process and planning – MONTEMERLO (IPADE)
Ds2 – Socioemotional wealth & non-financial goals - ASTRACHAN (HARVARD)
DS3 – Narratives – PERKINS (IAE)
16:30-17:00
COFFEE BREAK - INALDE Business School, HARVARD Lobby
16:00-16:30
IFERA Conference and Events Commi ee Meeting – THOMASSEN (IX ROOM)
Meet the Editors
MTE 1 – JOURNAL OF FAMILY BUSINESS STRATEGY
– ASTRACHAN (HARVARD)
16:30-17:00
MTE 2 – FAMILY BUSINESS REVIEW – GALLO (IESE)
MTE 3 – ENTREPRENEURSHIP RESEARCH JOURNAL
– KOIRANEN (X & XII ROOMS)
MTE 4 – CUADERNOS DE ADMINISTRACIÓN - PERKINS (IAE)
28
2.3 Tuesday, June 28th: IFERA 2016 Main Conference
17:00-18:30
DS4 – Family firm competitiveness and value creation – MONTEMERLO (IPADE)
DS5 – Corporate governance and performance – ASTRACHAN (HARVARD)
DS6 – Succession and performance – PERKINS (IAE)
19:30-22:00
SOCIAL DINNER at Andrés Carne de Res– Chía
Table 6: Program for Tuesday, June 28th
29
2.4 Wednesday, June 29th: IFERA 2016 Main Conference
Time
Session
07:30-08:00
IFERA 2016 Meeting
08:45-09:30
Conference Registration – INALDE Business School
PP5 – Culture and family dynamics– MONTEMERLO (IPADE)
09:30-11:00
PP6 – Governance and boards– ASTRACHAN (HARVARD)
PP7 – Emotions, trust and creativity– PERKINS (IAE)
11:00-11:15
11:15-12:45
DS7 – Corporate and family governance practices– ASTRACHAN (HARVARD)
DS8 – Spanish track WIP– GALLO (IESE)
12:45-13:30
LUNCH BREAK – IPADE Lobby
Pp8 – FB resources, psychological ownership, socioemotional wealth
– MONTEMERLO (IPADE)
13:30-15:00
Pp9 – Acquisition, diversification and dividend policies
Pp10 – Nonfamily employees, family offices and professional associations
– PERKINS (IAE)
PP11 – Spanish track– KOIRANEN (X & XII ROOMS)
15:00-15:30
JFBS BOARD MEETING– THOMASSEN (IX ROOM)
IFERA FELLOWS Meeting– KOIRANEN (X & XII ROOMS)
15:30-15:45
Walk to Universidad de La Sabana Campus– David Mejía Velilla Auditorium
15:45-17:00
Keynote Speech: Miguel Angel Gallo – NICHOLSON Universidad
de La Sabana, Campus
17:00-17:45
Closing & Introduction of 2017 Annual IFERA Conference
– NICHOLSON, Universidad de La Sabana, Campus
19:00-22:00
GALA DINNER – INALDE Business School
Table 7: Program for Wednesday, June 29th
30
2.5 Session details: Tuesday, June 28th
Time
08:45-09:15
Session
Conference Registration – Inalde Business School
Welcome
09:30-09:45
Dr. Sanjay Goel, IFERA President, Prof. Gonzalo Gómez-Betancourt, Room:
NICHOLSON (David Mejía Velilla Auditorium)
09:45-11:00
Keynote Speech, Eleanor Hamilton: "Narratives in family firms" – Room:
NICHOLSON (David Mejía Velilla Auditorium)
11:00-11:30
Pp1 – Conference theme: Narratives and other qualitative research methods –
Room: MONTEMERLO (IPADE); Chair: Alexandra Dawson Can you tell me
about the future? The family business's narrative experience of its non-economic
goals of growth Bice Della Piana, Vi oria Marino, Alessandra Vecchi
NARRATIVES AS A TOOL TO REVISIT THE THEORIZATION OF
ENTREPRENEURIAL RESOURCEFULNESS: Evidence from the biography of a
habitual family entrepreneur Ma i Koiranen Duo-ethnography as the Qualitative
Inquiry in Small Family Business Research Lukasz Sulkowski, Andrzej Marjanski
Pp2 – Performance – ASTRACHAN (HARVARD); Chair: Yong Wang
Performance Measurement System in a Family Firm: A Case Study during a
Generational Change Sanson R. Gonzalez-Mosso, Jorge A. Duran-Encalada The
effect of Leverage, Entrepreneurial Orientation and Ownership on Family
Managed SMEs' Performance Michela C. Mason, Josanco Floreani
11:30-13:00
Pp3 – Succession, sustainability and longevity – PERKINS (IAE); Chair: Donella
Caspersz Unfolding the Surviving Secrets of Century-Old Ethnic Chinese
Family Businesses Roger King, Winnie Qian Peng Succession planning in
private family firms: Interplay between family governance practices and the
board of directors Ine Umans, Nadine Lybaert, Tensie Steijvers, Wim
Voordeckers The Future of Family Farming: A Literature Review on Innovative,
Sustainable and Succession-Oriented Strategies Julia Suess-Reyes, ElenaFuetsch
Pp4 – Entrepreneurship and new venture creation – GALLO (IESE); Chair:
Raymond Jones Impact of Family Business Group Characteristics on New
Venture Creation: Evidence from India Kavil Ramachandran, Sougata Ray,
Amit Baran Chakrabarti Inter-organizational Power within Family Business
Group: Impact on New Venture Creation Kavil Ramachandran, Sougata Ray,
Amit Baran Chakrabarti The evolution of entrepreneurship research in family
business: Three decades in review and future outlook Renata Bernardon, Rania
Labaki
13:00-14:30
LUNCH BREAK – INALDE Business School, IPADE Lobby
31
13:00-14:00
IFERA Research & Publications Commi ee Meeting
–KOIRANEN (X & XII ROOMS)
Posters and research dissemination session –
INALDE Business School, HARVARD Lobby
14:00-15:00
Ps1 – Posters Session
No One Does It Like Frisby Does It
Esteban R. Brenes, Daniel Calderón, Caleb A. Pichardo
The Study of Philanthropy in the Context of Family Firms
Isabel C. Botero, Neus Feliu
Entrepreneurial stewardship in farming families: A case study in Guatemala.
Allan Discua Cruz, Marco Vega Solano
Contextual factors that Affect Selection and Use of Governance Structures in
Latin American Family Enterprises
Isabel C. Botero, Gonzalo Gomez Betancourt
How Reported Board Independence Overstates Actual Board Independence in
Family Controlled Firms
Iram Ansari, Marc Goergen, Svetlana Mira
Mixed methodology in family business research: Past accomplishments and
perspectives for the future
Raymond Jones, Timothy Reilly
Pathways for next generation involvement
Gustavo Gonzalez Couture, Luis Diaz Matajira
Case JC Fix and Repair: A Family Business Faces a Strategic Decision
Jorge Alberto Durán Encalada, Juan Manuel San Martin Reyna
Los Retos del Fundador al Enfrentar su Sucesión. Una Visión desde el Propio
Fundador.
Ricardo Aparicio
15:00-16:30
DS1 – Succession process and planning – MONTEMERLO (IPADE) ;
Chair: Torsten Pieper
Business Succession Knowledge Gap in German Family Firms
Birgit Felden, Michael Graffius, Laura Marwede, Christian Soost
Succession planning in different cultures: A comparative analysis of family
firms in Germany and Mexico.
Laura Mierzal, Johannes Ri , Luis Felipe Torres Gómez, Marc-Michael Bergfeld
How culture affects the families' influence in the integration of next generation
into family firms
Alvaro Rojas-Vázquez, José Daniel Lorenzo-Gómez, Alfonso A. RojoRamírez
Ds2 – Socioemotional wealth & non-financial goals– ASTRACHAN
(HARVARD); Chair: Rania Labaki
32
15:00-16:30
Risk activation pa erns in family firms: Socioemotional wealth as an on/off
switch
Ivona Ljumic, Gianluca Colombo
The mediating role of human resource management in the relationship between
socioemotional wealth and performance in family firms: a multilevel approach
Juan David Peláez León, Gregorio Sánchez Marín
Advancing the Measurement of Non-Financial Goals in Family Business
Research
Jeremy Woods, David Olson, Derek Stotler
Ds3 – Narratives – PERKINS (IAE); Chair: Jeremy Woods
Between family and business
Ricardo Fainsilber
Telling stories: The role of creation narratives in consumer perceptions towards
family businesses
Timothy Reilly, Raymond Jones
The Role of Narrative for Family Business Continuity
Connie Atristain, Germán Scalzo
16:00-16:30
COFFEE BREAK - INALDE Business School, HARVARD Lobby
16:00-16:30
IFERA Conference and Events Commi ee Meeting – THOMASSEN (IX ROOM)
Meet the Editors
MTE 1 – JOURNAL OF FAMILY BUSINESS STRATEGY
16:00-16:30
MTE 2 – FAMILY BUSINESS REVIEW – GALLO (IESE)
MTE 3 – ENTREPRENEURSHIP RESEARCH JOURNAL
MTE 4 – CUADERNOS DE ADMINISTRACIÓN - PERKINS (IAE)
16:30-18:00
DS4 – Family firm competitiveness and value creation – MONTEMERLO
(IPADE); Chair: Johanees Ri
ishing District of Mazara del Vallo. Critical issues and Dynamics.
Vitalba Ponte, Salvatore Tomaselli, Gianna Agrò, Gioacchino Fazio
The Competitive Advantage of Family Business Network: A Case Study of
Japanese Companies
Yasuhiro Ueno
Value Creation in Family Firms: An Empirical Approach
María José Martínez Romero, Alfonso A. Rojo Ramírez
Family Foundations in Spanish Family-Owned Businesses: A Qualitative Study
Lucia Ceja Barba
DS5 – Corporate governance and performance – ASTRACHAN (HARVARD);
Chair: Sanjay Goel
33
Ownership Governance Practices that Affect the Family Business´ Profitability
Jose Betancourt, Gonzalo Gomez-Betancourt
Sources of successor commitment to take over
Paul Sanchez-Ruiz, Ileana Maldonado-Bautista, Craig Wa ers
Boards of directors: Structure, operation and influence on performance of Family
Business and Non-Family Business.
Diogenes Lagos Cortes, Nidia Costanza Soto Echeverry, Jose B Betancourt R,
Gonzalo Gomez-Betancourt (1), Julian Oswaldo Enriquez Yague
DS6 – Succession and performance – PERKINS (IAE); Chair: Ranjan Karri
Leadership in Succession Process: Creating Value in Family Business
Lilian Snellman
Performance Implications of Internal versus External Succession Decisions: The
Case of VIP Family Firms
Brinja Meiseberg
The Role of Private Equity in Family Business Growth and Transfer
Alexandra Dawson, Céline Barrédy
19:30-22:00
SOCIAL DINNER at Andrés Carne de Res– Chía
2.6 Session details: Wednesday, June 29th
Time
07:30-08:00
08:45-09:30
Session
IFERA 2016 Meeting
Conference Registration – INALDE Business School
09:30-11:00
Pp5 – Culture and family dynamics– MONTEMERLO (IPADE);
Chair: Allan Discua Cruz
Exploring Family Firm Dynamics Through Yin and Yang
Wee-Liang Tan, Pei Rong
Re-thinking culture in family business: A twelve-year review
Rocky Adiguna, Denise Fletcher, Leif Melin
Culture in Family Business: A Research Review
Pedro Karam, Cláudio Machado Filho
PP6 – Governance and boards– ASTRACHAN (HARVARD);
Chair: Juan San Martin-Reyna
Directors' Interlocks, Family Firms, and Performance during Turbulent Times:
Evidence from Latin America
Karen Watkins-Fassler, Virginia Fernández-Pérez, Lázaro Rodríguez-Ariza
Family Business Governance: The Influence of Relational and Formal Measures
on Performance
Donella Caspersz, Chris Graves, Jeff Lou, Jill Thomas
PP7 – Emotions, trust and creativity– PERKINS (IAE); Chair: Jorge Duran
Organizational creativity experiences in publicly traded fashion retailers
Paul Sanchez-Ruiz, Ileana Maldonado-Bautista, Craig Wa ers
34
Particularistic and System Trust in Family Businesses: A Four-C Perspective
Yong Wang, Henry Shi
11:00-11:15
11:15-12:45
Ds7 – Corporate and family governance practices– ASTRACHAN
(HARVARD); Chair: Isabel Botero
Governance in family farm units in Brazil: Relations among management
practices and implementation of governance mechanisms
Claudio Machado Filho, Silvia Caleman, Christiano França
Women's Involvement in the Family Business: Family and Ownership
Purposes
Maria Piedad Lopez-Vergara
Gender Diversity in Family Firms (FF)
Luz Elena Orozco Collazos
DS8 – Spanish track WIP– GALLO (IESE); Chair: Gonzalo Gomez Betancourt
"La importancia de la elección del co-piloto en un emprendimiento"
Diego Iturry, Pablo Domínguez, Anahí Alburqueque
Acciones que influyen en la satisfacción de un proceso de coaching en la
empresa familiar
Katalien Bollen, Jose Betancourt, Helder Barahona
12:45-13:30
LUNCH BREAK – IPADE Lobby
13:30-15:00
PP8 – FB resources, psychological ownership, socioemotional wealth–
MONTEMERLO (IPADE); Chair: Alfonso Rojo Ramirez
VRIN Resources, Knowledge Management and Ordinary Capabilities in
Family Firms.
Ismael Barros, Juan Hernangómez, Natalia Martín Cruz
Promoting Psychological Ownership among Non-Family Employees: A Case
Study
Bart Henssen
Exploring the Influence of Socioemotional Wealth on Change in Family
Business: Using the case of an Indonesian and Colombian Family Business
Sarah Sarah Sullivan, Donella Caspersz, María Piedad López-Vergara
PP9 – Acquisition, diversification and dividend policies– ASTRACHAN
(HARVARD); Chair: Ma i Koiranen
Family Business in Emerging and Industrialized Markets: Similarities and
Differences
Renata Bernardon, Jefferson Monticelli, Guilherme Trez
Impact of Distance on Acquisitions by Family Firms: Evidence from India
Kavil Ramachandran, Sougata Ray, Amit Baran Chakrabarti
35
How Directors on Mexican Family Firms' Boards Contribute to Diversification
Strategies
Jorge A. Duran-Encalada, Juan M. San Martin-Reyna
13:30-15:00
PP10 – Nonfamily employees, family offices and professional associations–
PERKINS (IAE); Chair: Gianluca Colombo
Non-Family Employees' Satisfaction with High Involvement Human Resource
Practices in Family Firms: A resource based perspective
Hazel Melanie Ramo, Michael James Mustafa, Donella Caspersz, Sim SiewChen
The impact of professional associations on the education, learning and action of
policymakers with regard to family enterprises
Maria José Parada, Alberto Gimeno, Leif Melin, Jesús Casado
Responsible family ownership's transmission along generations Agustín
Arredondo, Cristina Aragón, Cristina Iturrioz
PP11 – Spanish track– KOIRANEN (X & XII ROOMS);
Chair: Lucia Ceja
EL CONCEPTO DE INNOVACIÓN EMPRESARIAL EN LA EMPRESA
FAMILIAR: LA VISIÓN DE LOS EXPERTOS
Lorena A Palacios-Chacon, Pablo Alamo
Gobierno corporativo en empresas familiares de Iberoamérica: Un resumen de
la literatura
Diógenes Lagos Cortés, Isabel C. Botero
Caso de Estudio Eco Hotel Árbol de Fuego
Ceferi Soler, Edwin Flores, Ricardo Flores
15:00-15:30
JFBS BOARD MEETING– THOMASSEN (IX ROOM) IFERA FELLOWS Meeting
15:30-15:45
Walk to Universidad de La Sabana Campus– David Mejía Velilla Auditorium
15:45-17:00
Keynote Speech: Miguel Angel Gallo – NICHOLSON,
Universidad de La Sabana, Campus
17:00-17:45
Closing & Introduction of 2017 Annual IFERA Conference – NICHOLSON,
Universidad de La Sabana, Campus
19:00-22:00
GALA DINNER – INALDE Business School
36
3. Main Conference Abstracts
PP1 – June, 28th – 11:30 – 13:00 – Narratives and other qualitative research methods –
MONTEMERLO (IPADE)
Title: Can You Tell Me about the Future? The Family Business's Narrative Experience of Its
Non-Economic Goals of Growth
Authors:
Bice Della Piana - University of Salerno
Vi oria Marino - University of Salerno
Alessandra Vecchi - University of Bologna
Abstract
The importance over time that the storytelling approach has gained among research strategies has
increasingly led many scholars to adopt this line of research. Family businesses in particular can
benefit from storytelling as the link between business and family entails some nuanced aspects that
can hardly be described and interpreted through quantitative parameters. For a family business
the degree of complexity of the strategic decision-making and the specific objectives related to
these operations is particularly high. The main motivation stems from the distinctive interaction
between the family as a unit, the family and the business as a separate entity in itself, and the
individual members of the family. Within this context, storytelling can be used as a lever to enhance
communication in order to share strategies; to describe the paths on which family businesses have
built their distinctive identities as well as to describe their future goals of growth. In order to
explain the companies' growth goals as perceived by the family firms' members, storytelling as a
qualitative method seemed the most appropriate research approach for the purpose of this
exploratory work. The multiple case-study method was chosen since it allows a wider
generalisability of the findings. To this end, 15 case studies of family firms were selected to enable
the mapping of the future growth goals as expressed through storytelling by the interviewees.
Contact: Bice Della Piana, [email protected]
Title: Narratives as a Tool to Revisit the Theorization of Entrepreneurial Resourcefulness:
Evidence From The Biography of a Habitual Family Entrepreneur
Authors:
Ma i Koiranen - GENS Oy
Abstract
The paper revisits the theoretization of entrepreneurial resourcefulness. It aims to sharpen the
theory with some empirical evidence from a Finnish habitual family entrepreneur. The approach is
a narrative, in-depth single-case study, based on the 255-page biography. The entrepreneur's story
is a thought-provoking description of a resourceful entrepreneur who fulfilled an "American
dream" (i.e. "from rags to riches") and successfully transferred the business group to his off-spring.
During the analysis of the narrative we get examples of human and social dimensions of
entrepreneurial resourcefulness. The research gap this paper aims to fill is to create new knowledge
and improve understanding of entrepreneurial resourcefulness
37
In two particular contexts: a) Habitual Entrepreneurship and b) Family Business. Regarding the
results: The key roots seem to be Entrepreneurial Mindset as combined with Contextual Sharpness.
The behavioural features appear as 1) Aletness and proactiveness in utilizing new ideas; 2) Ability
to mobilize resources and to compensate lacking resources; 3) Perseverance to get things done and
win the competition; 4) Contextual and Emotional knowledge and skill when dealing with a new or
trying situation.
Contact: Ma i Koiranen, ma [email protected].fi
Title: Duo-ethnography as the Qualitative Inquiry in Small Family Business Research
Authors:
Lukasz Sulkowski - University of Social Sciences
Andrzej Marjanski - University of Social Sciences
Abstract
This article aims to analyze the possibilities of using duo-ethnography in studies aimed at
understanding the characteristics and problems of family businesses. It shows the key problems in
research of this group of subjects. Analysis was conducted based on the reflection on the methods
used to cognition of small family organizations, comparison of qualitative and quantitative
methods and references to lesser-known research methods such as auto-ethnography,
comparative analysis and multiple case studies. The article pointed out the need for
methodological pluralism using various methods of research techniques available to describe the
complexity of a small family business.
Contact: Lukasz Sulkowski, [email protected]
PP2 – June, 28th – 11:30 – 13:00 – Performance – ASTRACHAN (HARVARD)
Title: Performance Measurement System in a Family Firm: A Case Study during a
Generational Change
Authors:
Sanson R. Gonzalez-Mosso - Universidad de las Américas Puebla
Jorge A. Duran-Encalada - Universidad de las Américas Puebla
Abstract
With the premise that what is measured can be improved, a Performance Measurement System
(PMS) inside a Family Business (FB) might be helpful to improve the business performance if the
family manager has the intention and is willing to accept the changes that are necessary to
implement a formal PMS. The way the business collects, processes and analyzes the information, as
well as the systems employed for this purpose and the reports it generates, might require
significant revisions due to the arrival of a new generation, whose ideas might not be consistent
with those of the generation in charge. Nevertheless, small changes at a time can lead to a new and
improved PMS.
Contact: Jorge Duran-Encalada, [email protected]
38
Title: The effect of Leverage, Entrepreneurial Orientation and Ownership on Family
Managed SMEs' Performance
Authors:
Michela C. Mason - DIES University of Udine
Josanco Floreani - DIES University of Udine
Abstract
Based on a sample of 330 family managed SMEs located in the European Grouping of Territorial
Cooperation (EGTC) called "Euregio without borders" and including Friuli Venezia Giulia,
Veneto and Carinthia (Euregio) we perform an analysis of the impact of Entrepreneurial
Orientation (EO), ownership and leverage on family managed SMEs' subjective performances.
We make an innovative contribution to the extant knowledge on the topic by bringing together
the theoretical constructs of entrepreneurship and the major streams of research in corporate
finance. The aim of our paper is to provide an in-sight on the effects of leverage, Entrepreneurial
Orientation and family ownership on family managed SMEs' performance. We found that there
is a positive association be-tween EO and performance and a negative relation linking
ownership and performance. Perhaps more interestingly our negative two-way interaction
between entrepreneurial orientation and leverage on performance indicate that EO alone may
not be enough. In-stead, entrepreneurial orientation may also need to be complemented with
capital struc-ture influence to reap its fruits. The significant three-way interaction effect between
EO, ownership and leverage influence on firm performance also echoes that capital structure
policy can still contribute to business performance.
Contact: Josanco Floreani, josanco.fl[email protected]
PP3 – June, 28th – 11:30 – 13:00 – Succession, sustainability and longevity – PERKINS (IAE)
Title: Unfolding the Surviving Secrets of Century-Old Ethnic Chinese Family Businesses
Authors:
Roger King - HKUST
Winnie Qian Peng - HKUST
Abstract
It is a widely-held belief that ethnic Chinese family businesses are short-lived and subject to a
"curse" which states that "wealth does not pass beyond three generations". This paper discusses the
influence of Chinese culture on ethnic Chinese family businesses and other possible causes of the
"curse". Using a case-based study, the paper then analyzes seven flourishing ethnic Chinese familycontrolled firms to determine how they survived and endured beyond 100 years. The results
suggest that three factors are instrumental in breaking this "curse": the sustainable business model,
the balancing of Western and Chinese values, and the pruning of ownership.
Contact: Winnie Peng, [email protected]
39
Title: Succession Planning in Private Family Firms: Interplay between Family Governance
Practices and the Board of Directors
Authors:
Ine Umans - Hasselt University
Nadine Lybaert - Hasselt University
Tensie Steijvers - Hasselt University
Wim Voordeckers - Hasselt University
Abstract
This article brings together research on family firms, succession, and governance to examine the
influence family and business governance have on succession planning. The authors use a sample
of 258 private Belgian family firms to show that the board of directors mediates the positive
relationship between the use of family governance practices and the level of succession planning.
In addition, results indicate that the CEO's inability to let go of the firm negatively moderates this
mediating relationship.
Contact: Ine Umans, [email protected]
Title: The Future of Family Farming: A Literature Review on Innovative, Sustainable and
Succession-Oriented Strategies
Authors:
Julia Suess-Reyes - Research associate
Elena Fuetsch - Research assistant
Abstract
Family farms are exposed to severe economic, political social and ecological changes. To ensure
bright succession prospects and the long-term survival of the farm their owners are therefore
increasingly forced to pursue market-driven, innovative and sustainable strategies. A multitude of
different disciplines has dedicated its research to the future of family farming and a synthesis of the
existing literature on innovation, succession and sustainability in family farming seems timely and
relevant. The purpose of this article is to systematically review and critically reflect on 43 articles
addressing factors related to innovative, sustainable and succession-oriented strategies in family
farming. Findings indicate that succession is already an intensively investigated topic, while
family farm innovation and sustainability remain comparatively under-researched. A strong
fragmentation of topics and approaches can be observed in all three fields making a cumulative
advancement of knowledge difficult. Furthermore, we notice a theoretical deficit in all areas alike
and a sparse use of latent variable measurement – especially in the area of family farm succession.
Consequently, we argue that there is further potential to increase the levels of theoretical and
methodical rigor within family farm research. To stimulate this field of research, we highlight
recent developments in family business research with regard to innovation, sustainability and
succession and discuss their possible implications for family farm research.
Contact: Elena Fuetsch, [email protected]
40
PP4 – June, 28th – 11:00 – 12:30 – Entrepreneurship and new venture creation – GALLO (IESE)
Title: Impact of Family Business Group Characteristics on New Venture Creation: Evidence
from India
Authors:
Kavil Ramachandran - Indian School of Business
Sougata Ray - Indian Institute of Management Calcu a
Amit Baran Chakrabarti - Indian School of Business
Abstract
The purpose of this paper is to examine the impact of family business group (FBG) characteristics
on new venture creation in India. Using a multiple regression model, this study examines the effect
of family business group characteristics (public listing, age, and size) on new venture creation in a
sample of 16455 new projects initiated by 1659 Indian firms. We find that, FBG firms on average
have higher positive impact on new venture creation. Moreover, FBG firms that are listed or are
bigger in size or are older enhance the positive impact of FBG membership on the number of new
ventures undertaken. We also found that older and bigger firms are conservative in terms of the
size of projects undertaken. This study contributes to study of strategic choices adopted by family
firms by examining heterogeneity among family firms in emerging market context such as India.
Contact: Amit Baran Chakrabarti, [email protected]
Title: Inter-organizational Power within Family Business Group: Impact on New Venture
Creation
Authors:
Abstract
The purpose of this paper is to examine the impact of family business group (FBG) heterogeneity
on new venture creation in India. Using a multiple regression model, this study examines the
moderating effect of FBG heterogeneity (relative size, relative profit, and relative market share) on
FBG size and new venture creation relationship in a sample of 8344 new projects initiated by 526
Indian FBG firms. We find that, bigger FBG firms on average have higher positive impact on new
venture creation. Moreover, FBG firms that have higher relative profit or higher relative size are
able to enhance the positive impact of FBG size on new venture creation. Finally we also found that
FBG firms within bigger groups that have higher relative market share are able to execute higher
number of new ventures, but are conservative in terms of the size of projects undertaken. This
study adds to literature on the strategic choices adopted by family firms as too li le is known about
the effect of family business group heterogeneity on new venture creation in emerging markets
such as India.
41
Title: The Evolution of Entrepreneurship Research in Family Businesses: Three Decades in
Review and Future Outlook
Authors:
Renata Bernardon - PUCRS/Unisinos
Rania Labaki - EDHEC Business School
Abstract
Aspects related to entrepreneurship in the context of family businesses have drawn the a ention of
researchers both interested in the topic of family businesses and entrepreneurship. This theoretical
study aims at presenting a representative framework of the theoretical evolution of the studies
carried out on entrepreneurship in the context of family businesses and identifying its future
tendencies. The study is based on 22 articles, related directly to the topic, resulting from the search
performed in the three main periodicals in the field. It shows that entrepreneurship in the context of
family businesses evolved from the perception of an entrepreneurial activity to an entrepreneurial
behavior. When relating this conclusion to a holistic approach embracing the five elements of the
family business system as accounted for by scholars, it is possible to suggest the entrepreneurial
structure as a new tendency of future studies, that is, the next evolution tends to be from the
entrepreneurial behavior to the entrepreneurial structure; and from the environmental,
individual, organizational and family level to the ownership level.
Keywords: family businesses, entrepreneurial activity, entrepreneurial behavior, entrepreneurial
culture, entrepreneurial structure.
Contact: Renata Bernardon, [email protected]
Ps1 – June, 28th – 13:30 – 14:30 – Posters session – INALDE Business School, HARVARD Lobby
Title: No One Does It Like Frisby Does It
Authors:
Esteban R. Brenes - INCAE Business School
Daniel Calderón - INCAE Business School
Caleb A. Pichardo - INCAE Business School
Abstract
This case study discusses the acquisition of Pinky, a direct competitor of Frisby. Frisby was a
Colombian breaded and fried chicken restaurant chain with a strong and very particular
organizational culture, 130 restaurants, and annual sales of US$42 million. Despite the 2009 world
economic crisis the fast food restaurants industry had become very dynamic particularly in
Colombia and was a ractive to foreign investors and multinational companies. General Manager
Francisco Guzmán was analyzing the option of buying Pinky, a competitor located in the city of
Medellin that had generated important brand blunders and now facing market share losses.
Contact: Caleb A. Pichardo, [email protected]
42
Title: The Study of Philanthropy in the Context of Family Firms
Authors:
Isabel C. Botero - Stetson University
Neus Feliu - Lansberg Gersick Associates
Abstract
Family firms and business families have always been at the forefront of philanthropic efforts. These
entities play a significant role in their communities and to the welfare of society. Even though there
has been an increase in the interest on philanthropy in the context of family firms, and practitioners
and academics acknowledge the important role that philanthropy can play for both the family and
the business, we have a very fragmented understanding about philanthropic efforts from family
firms and business families. With this in mind, this paper presents a systematic review of the
literature on the subject. Based on a sample of 55 sources, we explain the drivers, the vehicles used
to practice, and the outcomes tied to the practice of philanthropy in family enterprises. We identify
gaps in our understanding and provide ideas for future research.
Contact: Isabel C. Botero, [email protected]
Title: Entrepreneurial Stewardship in Farming Families: A Case Study in Guatemala
Authors:
Allan Discua Cruz - Lancaster University Management School
Marco Vega Solano - EAP Zamorano
Abstract
This study deals with entrepreneurial stewardship in coffee farming. In previous studies
alternative forms of entrepreneurial stewardship have been put forward. This is a qualitative study
conducted in Guatemala. By focusing on the coffee industry and an entrepreneurial farming family
this study provides further understanding of the ways families build on existing family assets.
Contact: Allan Discua, [email protected]
Title: Contextual Factors that Affect Selection and Use of Governance Structures in Latin
American Family Enterprises
Authors:
Gonzalo Gomez Betancourt - INALDE Business School
Abstract
In family firms the study of corporate governance system encompasses the understanding of
different policies and structures that are put in place to help the family business and the business
family make decisions regarding the direction of the business and to assure accountability and
control in the relationships between the business, family, and ownership of the firm. Although
cultural contexts play an important role in the structure of governance systems, most of the work in
the governance of family business and business families has not fully explored the role that cultural
43
Context plays in determining governance structures and policies. This is interesting given findings
that support the effects that national culture has on the definition of family, the characteristics of
family businesses, and the choice of policies and practices related to the governance of
corporations. With this in mind, this chapter is designed to review literature of family business
governance and explain how characteristics of the Latin American cultural context can affect the
choices family enterprises make regarding corporate governance.
Contact: Isabel C. Botero, [email protected]
Title: How Reported Board Independence Overstates Actual Board Independence in Family
Controlled Firms
Authors:
Iram Ansari - Sultan Qaboos University
Marc Goergen - Cardiff University & European Corporate Governance Institute
Svetlana Mira - Cardiff University
Abstract
This paper raises a key methodological concern in corporate governance, that of directors'
'independence' in family controlled firms, and proposes a way of addressing this concern.
Conventional board independence as reported in annual reports does not measure independence
of directors from controlling shareholders. Indeed the independence of these directors, who are
shown on paper as independent, may be compromised by their links to the controlling family. Such
dependence is likely to result in minority shareholder expropriation, whereby the controlling
shareholder may draw private benefits of control with the support of the so-called independent
directors. We propose a measure of board independence which takes into account links to the
family. Our sample comprises 283 succession announcements in listed family firms from France,
Germany and the UK during 2001-2010. We find that reported board independence is overstated
compared to our proposed measure of adjusted board independence. On adjusting board
independence, as suggested, it is significantly lower in all three countries, reducing on average by
18%, 14%, and 7% in France, Germany, and the UK, respectively.
Contact: Iram Ansari, [email protected]
Title: Mixed Methodology in Family Business Research: Past Accomplishments and
Perspectives for the Future
Authors:
Raymond Jones - University of Minnesota Duluth
Timothy Reilly - University of Minnesota Duluth
Abstract
Family business researchers face several challenges due to the complex nature of the field both
theoretically and empirically. We propose that utilizing mixed-methodological approaches offers a
valuable contribution, given that mixed methods research is well-suited to answer why questions
related to mechanisms driving phenomena and the associated circumstantial boundaries. We take
an assessment of the current state of mixed methods in family business research and evaluate the
overall rigor with which it has been employed. Additionally, we offer step-by-step guidelines for
how mixed methods research should be conducted, and propose
44
Family business research questions well suited to mixed methods.
Contact: Raymond Jones, [email protected]
Title: Pathways for Next Generation Involvement
Authors:
Gustavo González Couture - Universidad de los Andes
Luis Díaz Matajira - Universidad de los Andes
Abstract
Based on five cases that illustrate the process of successor development and next generation
involvement, this chapter seeks to answer the following question: What pathways do Colombian
multigenerational entrepreneurial firms adopt in order to prepare members of the next generation
for responsible ownership RO? We argue that the concept of entrepreneurial learning (EL) is
helpful for understanding these different pathways; moreover, EL is essential to the development
of responsible owners. As the Family Business evolves over time, from controlling-founder to
sibling partnership, diverse pathways may emerge that represent different dimensions of RO.
Thus, initially, the main goal for new generation involvement might be focused on RO in the guise
of management leadership (ML), while during a progression from sibling partnership to a cousin
consortium, RO may involve positive shareholder participation, with senior management being
open to non-family members. Main implications are discussed.
Contact: Luis Diaz Matajira, [email protected]
Title: Case JC Fix and Repair: A Family Business Faces a Strategic Decision
Authors:
Jorge Alberto Durán Encalada - Universidad de las Américas Puebla
Juan Manuel San Martin Reyna - Universidad de las Américas Puebla
Abstract
The year is beginning and Aldo is busy contemplating a response to various opportunities for his
business where he would play a key role right away in the first couple of months of the year. He also
has to work on clarifying uncertainty about his family's participation in the business, even though
this is not his most urgent task. JC Fix and Repair is a family business in Puebla, Mexico, that repairs
buildings and civil construction after accidents or losses covered by car insurance companies. The
beginning of this business dates back to 1985, when Juan Carlos Estrada started working in interior
decoration and selling related items. In 1997 he began to offer his interior decorating services to
GNP, an insurance company, and not long after, surprisingly, as Juan Carlos comments, GNP
became his client for repair work. In 2008, JC Fix and Repair was formally established in the
industry. Initially it was established as an Anonymous Society of Variable Capital (S.A. de C.V., in
Mexico) and after 2010 it became a Limited Liability Partnership (S.R.L. de C.V., in Mexico). The
business was initially centrally located in Puebla, but later expanded to Veracruz, Cordoba, Jalapa,
Poza Rica, Toluca, Coa acoalcos, Villahermosa, Carmen City, Tuxtla Gutierrez, Tapachula,
Pachuca, Queretaro, Cancun, Cuernavaca, and Merida.
Contact: Jorge Duran, [email protected]
45
Title: Los Retos del Fundador al Enfrentar su Sucesión. Una Visión desde el Propio Fundador
Authors:
Ricardo Aparicio - IPADE Business School
Abstract
El presente trabajo es una adaptación de un artículo publicado en la Revista Istmo, en 2015. Este
artículo a su vez, está basado en la tesina que un autor realizó para obtener la suficiencia
investigadora para iniciar una tesis doctoral sobre el tema de referencia. La idea central del trabajo
es la revisión del proceso sucesorio en las empresas familiares desde la perspectiva o visión del
fundador, considerando los obstáculo y retos desde una perspectiva netamente personal. El
fundador de una empresa familiar tiene el poder para frenar su sucesión o hacer que ocurra. De esta
decisión y de la capacidad de enfrentar y superar adecuadamente todos los retos que una sucesión
tiene aparejadas, dependerá en gran medida la posibilidad de la continuidad de la empresa
familiar. Es relevante que tanto el fundador como su familia estén conscientes y tengan presentes
los retos que deberán asumir. En este trabajo se hace un primer recorrido con una aproximación
cualitativa con fundamentos bibliográficos y basados en la experiencia de 10 años del autor dando
clases y atendiendo a familias. Con la presentación de este trabajo en congreso de IFERA se busca
compartir estas ideas y recibir la retroalimentación de comunidad académica presente para
enriquecer la investigación futura.
Contact: Ricardo Aparicio, [email protected]
Ds1 – June, 28th – 14:30 – 16:00 – Succession process and planning – MONTEMERLO (IPADE)
Title: Business Succession Knowledge Gap in German Family Firms
Authors:
Birgit Felden - Berlin School of Economics and Law
Michael Graffius - Berlin School of Economics and Law
Laura Marwede - Berlin School of Economics and Law
Christian Soost - University of Siegen
Abstract
Approximately 92 % of all enterprises in Germany can be classified as family firms. Especially
small and medium enterprises face the complex task of business succession. Within a period of five
years, 135,000 of these firms have to be transferred into the next generation. We have developed an
online tool to examine how well-prepared the predecessors are and which knowledge gaps exist
for internal and external successors. The tool contains a question set for each group (predecessors,
internal, and external successors). Since April 2013, we have collected a sample of 6,173 data sets.
We have developed and tested five hypotheses regarding succession intents, preparation of
predecessors, differences in basic succession knowledge between internal and external successors
and a comparison between Western and Eastern Germany. Our preliminary findings show, that
basic succession knowledge is important. Generally speaking, more knowledge influences family
business succession positively. Our research also shows a regional difference in knowledge.
Furthermore, we observe a difference in knowledge between internal and external successors
which indicates that external successors possess more knowledge. Further study might show
additional factors that influence succession intents. For that and to improve our future analysis, a
46
Newly setup version of the tool will be generated.
Contact: Birgit Felden, [email protected]
Title: Succession Planning in Different Cultures: A Comparative Analysis of Family Firms in
Germany and Mexico
Authors:
Laura Mierzal - Munich Business School
Johannes Ri - University of Antwerp / Munich Business School
Luis Felipe Torres Gómez - ITESM Campus Querétaro
Marc-Michael Bergfeld - Munich Business School
Abstract
The presented work in progress paper addresses the question of how culture influences succession
planning in family firms. The specific goal is to test the hypothesis that cultural differences have a
significant effect on succession planning. To do so, so far it compares succession planning
processes in Germany and Mexico with regards to their similarities and differences. Thereby the
research project answers repeated calls for more comparative studies on succession planning in
different countries. The results so far show that there are the expected differences that can be
explained with the different cultural backgrounds like in risk averseness and long-term
orientation. But the results also show similarities for example in the lack of existence of succession
plans in the majority of the participating families. It could be shown that businesses families in both
countries can draw interesting lessons from each other to improve their succession processes. The
project adds to existing research by exploring the influence of culture on succession planning in the
case of German and Mexican family firms and provides interesting insights on how the cultural
differences are reflected in their succession planning.
Contact: Johannes Ri , johannes.ri @munich-business-school.de
Title: How Culture Affect on the Families' Influence in the Integration of Next Generations
into Family Firms
Authors:
Alvaro Rojas-Vázquez - University of Cadiz
José Daniel Lorenzo-Gómez - University of Cadiz
Alfonso A. Rojo-Ramírez - University of Almería
Abstract
It seems that 60% of family businesses will live a transmission or succession in the next 10 years.
The choice of the next generation will be a key factor to the continuity of each of these companies.
This paper analyzes how family influence can affect the succession process from the perspective of
the younger generation. We use the F-PEC scale (Astrachan, Klein, & Smyrnios, 2002) in a crosssectional dataset based on a questionnaire sent to university students. The PLS-SEM technique is
applied. The results reveal that the career choice of students who would join the family firm is
determined by the influence of culture and power of the family in the firm. A mediating
relationship of culture in other variables as family power and be participant in the firm, is
confirmed. Further, it is found that gender is a moderator of the relationship of culture to be part of
the firm and of experience with career choices. It is also found that be participant in the family firm,
47
And the breadth and diversity of the business family contributes to the incorporation into the
family business.
Contact: Alfonso A. Rojo-Ramírez, [email protected]
Ds2 – June, 28th – 14:30 – 16:00 – Socioemotional wealth & non-financial goals – ASTRACHAN
(HARVARD)
Title: Risk Activation Pa ers in Family Firms: Socioemotional Wealth as an ON/OFF Switch
Authors:
Ivona Ljumic - Università della Svizzera italiana
Gianluca Colombo - Università della Svizzera italiana
Abstract
Socioemotional wealth (SEW) is connected to the concept of risk in family businesses, and indeed
in the seminal work of Gomez-Mejia and colleagues (2007) these two notions were seen as items
with intertwined appearances. Later on, diverse elements of SEW have been taken into account and
analyzed, often omi ing in the theoretical and empirical part of those research papers, the loss
aversion and the risk components. I argue that this is a theoretical misspecification and an
empirical mistake because socioemotional wealth is an on / off switch that family business
members activate only when risk is considerably present and not in everyday decision making
situation.
Contact: Ivona Ljumic, [email protected]
Title: The Mediating Role of Human Resource Management in the Relationship between
Socioemotional Wealth and Performance in Family Firms: A Multilevel Approach
Authors:
Juan David Peláez León - University of Murcia / University of Valle
Gregorio Sánchez Marín - University of Murcia
Abstract
This dissertation studies the complex and multiple pathways through which human resource
management (HRM) mediates the relationship between the owning family's goals and family
firm's performance. As noted in the literature of family firms, HRM is considered a key factor for
firm's success and an alternative to explain how the owning family's goals in terms of
socioemotional wealth (SEW) can influence a firm's performance. However the analyses and
empirical evidence on HRM remain scarce, limited and sometimes contradictory in the context of
family firms.
Three general purposes guide the development of this dissertation. First, to examine how the effect
of SEW on family firms' financial performance is mediated by HRM. Second, to study how the
influence of SEW on HRM is moderated by several key contingent variables – family control, family
stage, and firm hazard. And third, to ascertain from a multilevel approach how HRM influences
family firms' financial performance. This la er aim a empts to enhance our understanding of the
paths through which HRM influences family firms' performance across unit and individual level of
analysis, by using: a) HR practices identified by managers, b) HR practices experienced by nonmanager employees, and c) human capital and affective commitment from non-manager
48
HRM in family firms, recognizing the importance of examining SEW as a potential antecedent
of HRM and the multidimensional nature of organizational performance that is affected, which
is explained from a multiple theoretical perspective and a multilevel approach.
Contact: Juan David Pelaez Leon, [email protected]
Title: Advancing the Measurement of Non-Financial Goals in Family Business Research
Authors:
Jeremy Woods - California State University Bakersfield
David Olson - California State University Bakersfield
Derek Stotler - California State University Bakersfield
Abstract
An important factor which makes family firms different from non-family firms is the fact that
family firms pursue non-financial goals alongside financial ones to a greater extent than nonfamily firms. There are different types of non-financial goals, however, and they are not all alike.
Despite the considerable diversity in non-financial goals pursued by family firms, discrete
differences in types of non-financial goals are not sufficiently captured by any of the measurement
instruments currently utilized by the family business research community. The present research
addresses this lack of a measurement tool by proposing an instrument which measures discrete
types of non-financial goals and how they vary across family firms in a succinct, 25-item survey
instrument. The instrument identifies five different types of non-financial goal orientations
(control focus, community focus, conflict avoidance focus, individualistic focus, and political
focus) and finds that these different types of goal orientations have different correlations with
financial success.
Contact: Jeremy Woods, [email protected]
Ds3 – June, 28th – 14:30 – 16:00 – Narratives – PERKINS (IAE)
Title: Between Family and Business
Authors:
Ricardo Fainsilber - member
Abstract
This work in progress proposes a narrative inquiry study that will examine the experiences of
individuals who participate in family businesses in managing the boundaries between family and
business. The traditional prescription was for organization to create strong boundaries between
the family and the business. through contemporary psychological research, the present study
hypothesizes that holding such strong boundaries is not feasible for the human psyche.
Furthermore, it could even be counterproductive to a empt to establish such rigid division
between the family and business. To be er understand the nature of said boundaries, a narrative
inquiry study is proposed based on in-depth interviews with at least 10 volunteers who currently
participate and have participated in their families business for at least 5 years. The proposed study
will contribute uniquely to scholarly research bringing a deeper awareness of individuals stories
surrounding this particular experience and might help researchers and practitioners be er
comprehend the ways family members inhabit the family business system and how boundary
49
management impact their lives. Ultimately, new models that describe and suggests how to
be er manage boundaries in this type of organizations might stem form this investigation.
Contact: Ricardo Fainsilber, [email protected]
Title: Telling Stories: The Role of Creation Narratives in Consumer Perceptions Towards
Family Businesses
Authors:
Timothy Reilly - University of Minnesota Duluth
Raymond Jones - University of Minnesota Duluth
Abstract
We investigate the interplay between communicated aspects of family and outcomes for family
businesses. Specifically, our focus is on examining how consumers form impressions of family
businesses, where those impressions may originate from, as well as determining the effect
organizational creation stories have on those relationships. To do this we look to utilize balance
theory in conjunction with a narrative perspective to propose a theoretical link between family
business creation stories and consumer behaviors. We propose to test this link through a series of
consumer based experiments. By doing so we not only address the family business-marketing gap
in the literature, but we also answer the call for taking a narrative approach in family business
research as it provides a unique perspective in extending our knowledge about how life happens.
Contact: Raymond Jones, [email protected]
Title: The Role of Narrative for Family Business Continuity
Authors:
Connie Atristain - Universidad Panamericana
Germán Scalzo - Universidad Panamericana
Abstract
Family businesses are unique and this affects the complex processes in which they engage (Naldi et
al., 2007; Sharma, 2004). Even though different theoretical frameworks have been used to explore
the particularities of family businesses and how they influence their distinctive nature (Lubatkin et
al., 2005; Miller et al., 2008; Zahra et al., 2004), there is a lack of conceptual and empirical research
work targeted at understanding the learning process in family business (Hamilton, 2013; Sharma,
2004; Moores & Barret, 2002). This task pertains to understanding how family members learn from
each other in a way that ensures the continuity of the family business and its practices (Discua Cruz
et al., 2013). A narrative perspective offers a tool for approaching this gap. It adopts the view that
learning takes place in narrative practice, which is socially constructed and socially situated in
every practice (Hamilton, 2013; Clarck, 2010; Fisher, 1984). The social context of any family
business is unique and is represented by specific set of behaviours, skills, norms, and values shared
by the family through social interaction (Kotlar & De Massis, 2013; Hall & Nordqvist, 2008; Sharma,
2004). Given how relevant the social context is for family business, a narrative perspective is critical
for understanding learning processes. Considering the perspective of family-owned business as a
complex system that includes the subsystems of family, firm and property and the interactions
between them, in this article we will look at the critical issue and dilemma of continuity that face
50
Founders and different generations of the "founders".
Contact: Connie Atristain, [email protected]
Ds4 – June, 28th – 16:30 – 18:00 – Family firm competitiveness and value creation –
MONTEMERLO (IPADE)
Title: The Family Business in the Fishing District of Mazara del Vallo. Critical issues and
Dynamics
Authors:
Vitalba Ponte - Università di Palermo
Salvatore Tomaselli - Università di Palermo
Gianna Agrò - Università di Palermo
Gioacchino Fazio - Università di Palermo
Abstract
This work-in-progress paper presents the early results of a survey aiming to understand the
relationship between family firms and regional development in contemporary economic, by
examining the negative effects of "family inertia" on the acquisition of dynamic capabilities
necessary to enhance competitiveness and establish inter-firm cooperation strategies in family
businesses in the context of an industrial district. Family firms are acknowledged for playing an
important role in the creation, organization, and allocation of regional resources and in regional
processes. Industrial districts are recognized as fertile fields for the development of inter-firm
interrelations that may produce positive effects on both the economic development of the region
and on the performance of the individual businesses in the area. On the other hand, in small family
business, inertia can prevent the creation of those dynamic capabilities necessary to establish
cooperation strategies to enhance competitiveness, frustrating the potential advantages offered by
the participation in a district. The family businesses in the District Fisheries of Mazara del Vallo,
called COSVAP, have been analyzed, to detect the familiar character and the belonging to the
district, and at last, to outline the implications on the longevity of firms and on the survival of the
district system.
Contact: Salvatore Tomaselli, [email protected]
Title: The Competitive Advantage of Family Business Network: A Case Study of Japanese
Companies
Authors:
Yasuhiro Ueno - Kansai University
Abstract
Usually, small family businesses do not have enough resources for their competitive advantage,
but they have survived for a long time in some cases. This paper investigates reasons why they can
survive without enough resources for a long time. We are interested in their network of family
business companies. For example, Hoshi Hotel, the oldest Japanese resort hotel in the world by the
Guinness Book, is the member of the Heinokiens association. It is very unique network. We
conducted case studies of some Japanese member companies of this association. Family business
has two types of network. One is the family itself and the other is the network with external
organizations. Family network is a strong tie. They have closed relationship and same value with
51
Family member. It is very important to manage one company for a long period. On the other
hand, the network with external organization is a weak tie. This network has another merit for
competitive advantage. Family member of this network can access to wide-ranging sources and
alternative view point and can share a variety of knowledge and information for sustainability.
They have to have both of them for survival and growth.
Contact: Yasuhiro Ueno, [email protected]
Title: Value Creation in Family Firms: An Empirical Approach
Authors:
María José Martínez Romero - Universidad de Almería
Alfonso A. Rojo Ramírez - Universidad de Almería
Abstract
This study analyses the Value Creation process since an empirical perspective, considering firm
productivity, tax rate and firm size as main value drivers. It also checks the moderating effect of
SEW on Value Creation. Results from a population of 145 Spanish family businesses show that SEW
moderates the relationship between each value driver and Value Creation.
Contact: María José Martínez Romero, [email protected]
Title: Family Foundations in Spanish Family-Owned Businesses: A Qualitative Study
Authors:
Lucia Ceja Barba - IESE Business School
Abstract
Philanthropy, understood as the voluntary donation of resources (i.e., time, money, effort,
knowledge) to support causes that are primarily intended to promote the be erment of society
with no direct expectation of economic returns (Feliu & Botero, 2015), constitutes an essential
dimension of family entrepreneurship (Rey-García & Puig-Raposo, 2013). In this sense, familyowned businesses have always been at the forefront of philanthropic efforts (Astrachan, 1988), and
represent an important percentage of the economic contribution towards the well being of their
communities. The present study is among the first efforts to examine the different mechanisms that
Spanish family-owned firms use to govern their philanthropy, and how these governance
structures affect their decisions about philanthropy. Following the Interpretive Phenomenological
Analysis (IPA) procedure, we conducted an in depth case analysis of four medium to large Spanish
foundations associated to a family-owned business. Our analysis identified three types of family
foundations: Controlling Trustee Foundation, Collaborative family foundation, and the familygoverned staff managed foundation. Likewise, our study highlights four central themes, which are
linked to the continuity of the Spanish Family Foundations studied: collective mission, family
climate, management and governance structures and a continuity plan. Due to its explorative
nature, the present study offers some preliminary contributions to the family business literature
using the qualitative analysis of different cases of Spanish Family-owned businesses that are
engaged in philanthropic activities through well-established family foundations. Within our
analyses, the role of the Spanish cultural context in interpreting the motives, practices, moderators,
and outcomes associated with philanthropy is included.
Contact: Lucia Ceja, [email protected]
52
Ds5 – June, 28th – 16:30 – 18:00 – Corporate governance and performance – ASTRACHAN
(HARVARD)
Title: Ownership Governance Practices that Affect the Family Business´ Profitability
Authors:
Jose Betancourt - INALDE Business School, Universidad de La Sabana
Gonzalo Gomez-Betancourt - INALDE Business School, Universidad de La Sabana
Abstract
This research in progress aims to explain the influence of the corporate governance practices
inherent to ownership on the profitability of family business, in order to promote the
implementation of the most relevant practices and prioritize efforts. Corporate governance codes
and national legislation promote a large number of practices, but in family business is necessary to
identify those that most influence its profitability in order to focus the shareholders efforts. This
research will analyze quantitative data from public information of businesses active in the National
Register of Securities and Issuers of Colombia. The purpose is prescriptive and will focus on testing
a single hypothesis. This research has relevance because it focuses on the study of corporate
governance practices at the ownership level, which is an issue that has been almost ignored in the
area of family business. This document presents the problem statement.
Contact: Jose Betancourt, [email protected]
Title: Sources of Successor Commitment to Take Over
Authors:
Paul Sanchez-Ruiz - Oklahoma State University
Ileana Maldonado-Bautista - Oklahoma State University
Craig Wa ers - Oklahoma State University
Abstract
Long described in the family business literature, scholars provide key insights into this
complicated issue of succession. A number of works, clearly acknowledge the key factors for a
successful succession process – commitment. Although successor commitment has been identified
as a key factor to a successful transgenerational succession, commitment has been threated as an
unidimensional construct in the family business literature (Sharma & Irving, 2005). The
researchers argue there is still a dearth of systematic research in untangling the antecedents of
successor commitment to take over the family business —as a multidimensional construct. Many
questions remain unaddressed. For example: Are family successors, who are commi ed to take
over their family firms, equally capable to take over these family businesses? If not, what sources
drive their commitment? How the different shades of commitment influence the willingness to
take over the family business? This article addresses these questions.
Contact: Paul Sanchez-Ruiz, [email protected]
53
Title: Boards of Directors: Structure, Operation and Influence on Performance of Family
Business and Non-Family Business
Authors:
Diógenes Lagos Cortés - Inalde Business School, Universidad de La Sabana
Nidia Costanza Soto Echeverry - Superintendencia de Sociedades
Jose B Betancourt - Inalde Business School, Universidad de La Sabana
Gonzalo Gomez-Betancourt - Inalde Business School, Universidad de La Sabana
Julian Oswaldo Enriquez Yague - Superintendencia de Sociedades
Abstract
This research in progress aims to identify to what extent the characteristics of structure and
operation of the boards of directors influence the performance of family businesses and non-family
businesses, in order to help these organizations to implement best practices that allow them to be
more competitive in the long term. Were analyzed cases from a data base of 4,177 businesses for
years 2013 and 2014 regarding four aspects of boards of directors: i) size; ii) independence; iii) the
frequency of meetings; and iv) gender diversity. The sample was classified in family business or
non-family business. It was found the influence of two variables, the size of the board and the
family control. Based on empirical findings authors will design suggestions on best practices to be
implemented in Colombian companies.
Contact: Jose Betancourt, [email protected]
Ds6 – June, 28th – 16:30 – 18:00 – Succession and performance – PERKINS (IAE)
Title: Leadership in Succession Process: Creating Value in Family Business
Authors:
Lilian Snellman - Hanken School of Economics Helsinki
Abstract
The aim of this study is to shed light on leadership issues in family business in general and explore
in particular how leadership skills and practices may affect family business succession process and
the subsequent performance and longevity of family firms. The research questions are: (a) how
may leadership affect family firm outcome and success? (b) which leadership skills, competences
and practices may have positive impact on the succession process in family business? As family
firm in this study is interpreted as a real world phenomenon in the contemporary business
environment, multiple case study research based on multiple data collection and analysis
methods, is considered as the most relevant and reliable approach. Four successful family firms
that differ significantly from one another will be explored. Each firm accounts for a case and will be
examined in depth to gain knowledge about what kind of leadership contributes to firm
profitability and continuity. The purpose of this study is to find answers to the research questions
and by doing so, fill gaps in family business research as well as add knowledge in field of
management and organization in general, and in particular contribute to leadership studies. As for
the practical implications, this paper provides new knowledge for family business practitioners
and consultants about potentials of leadership in facilitating and guaranteeing family business
continuity, longevity and future prosperity.
Contact: Lilian Snellman, lilian.snellman@metropolia.fi
54
Title: Performance Implications of Internal versus External Succession Decisions: The Case of
VIP Family Firms
Authors:
Brinja Meiseberg - Westfaelische Wilhelms-Universitaet Muenster
Abstract
As today less than 15% of family-owned businesses survive into the third generation, the issue of
top management succession has substantial significance for understanding successful family
business management in both research and practice. Unfortunately, previous studies have
produced conflicting evidence concerning the determinants of family firm performance in the
context of succession decisions. Using extensive data from 242 top-management transitions in
German family businesses, we apply a structural equation modeling framework and shed light on
performance effects of internal vs. external succession, taking a wide range of successor-,
company-, and family-related factors into account. Results document essential differences
between external and internal successions and their relations to subsequent firm performance. For
internal succession, company-related factors, such as strategic planning capabilities or financial
health, are most central to subsequent financial performance. These factors become increasingly
substantial as the family's media presence grows, i.e., for VIP family businesses (e.g., Kla enQuandt family/BMW, BURDA family/press). In contrast, for external succession, financial
performance largely depends on the successor's capabilities (e.g., decision-making abilities, work
experience). Besides, external successors turn out more successful in terms of sales growth as well
as return on sales. Interestingly, this is particularly true when family firms are traded publicly.
Moreover, succession in itself, be it internal or external, has a positive impact on the firm's
subsequent financial performance. Our results provide direction on how to foster, promote, and
fine-tune performance-enhancing succession decisions in the context of family business
management strategies.
Contact: Brinja Meiseberg, [email protected]
Title: The Role of Private Equity in Family Business Growth and Transfer
Authors:
Alexandra Dawson - Concordia University
Céline Barrédy - Université Paris Ouest Nanterre La Défense
Abstract
The aim of this ongoing study is to contribute to our understanding of private equity as a growth
and succession route for family businesses, which represent the majority of organizations
worldwide. This is an area that has not received much a ention in the literature – mainly because
family business owners often want to keep the business in the family and do not consider external
routes for business succession. We focus on private equity firms investing in family businesses and
specifically on pre-investment (adverse selection) problems that are related to information
asymmetry, syndication, and risk reduction.
Contact: Alexandra Dawson, [email protected]
55
Pp5 – June, 29th – 09:30 – 11:00 – Culture and family dynamics – MONTEMERLO (IPADE)
Title: Exploring Family Firm Dynamics Through Yin and Yang
Authors:
Wee-Liang Tan - Singapore Management Universit
Pei Rong - Beijing Institute of Technology
Abstract
Family businesses have been viewed as entities with the key characteristic of possessing two
“personalities”: the family and business system. Conceiving the family business as a dichotomy is
not ideal as the two systems oppose and complement each other. On the other hand, balance is also
not the ideal unless the priority is the business. The Chinese yin-yang philosophy of duality has
been employed to depict the dichotomous and complementary relationship between the family
and business spheres. However, in its application, prior research has not delved into the
philosophy more deeply. Yin-yang speaks of multiple levels and actors interacting; one sphere at
time as things develop becoming transformed into the other with the yin or yang sphere being the
dominant at a time. In the light of the complex movements, is the yin-yang philosophy truly
applicable to family businesses; if so, how does it operate?. The authors review the yin-yang
philosophy and explore how it could apply to a family business before examining its
manifestations in a Chinese family business. The paper examines the family dynamics with the
view of suggesting that the Chinese yin and yang might be a be er depiction of what truly occurs
within family businesses over time as across generations.
Contact: Wee-Liang Tan, [email protected]
Title: Re-thinking Culture in Family Business: A Twelve-Year Review
Authors:
Rocky Adiguna - University of Luxembourg
Denise Fletcher - University of Luxembourg
Leif Melin - Jönköping International Business School
Abstract
This paper reviews the literature that relate to culture and values in family business during the past
twelve years. Six themes are revealed: definitions of culture; values and orientations;
organizational culture in family business; family culture as determinants for organizational
culture; national culture as determinants for organizational culture; and, products of culture in
family business. Drawing from a sociological perspective, we argue and elaborate that the current
scholarship are based on problematic assumptions where culture is defined based on its
'coherence' and 'sharedness', and that values are assumed as the core of culture. To direct future
research, we draw our a ention to the position of 'practice' in the production of culture, the
explanation for cultural change and stability, and the potential ways of knowing through
ethnography and narrative. We conclude by arguing that critical stances towards culture are
needed to advance our scholarship and that cultural perspectives hold the power to contribute not
only for the family business field but also for the wider social sciences.
Contact: Rocky Adiguna, [email protected]
56
Title: Culture in Family Business: A Research Review
Authors:
Pedro Karam - USP (University of São Paulo)
Cláudio Machado Filho - USP (University of São Paulo)
Abstract
This article provides a review of key literature in the field of culture in family business research, by
addressing three key questions. First, what are the sociological paradigms that lie behind the
specific literature? Second, what is the theoretical domain which supports those studies? Third,
how future research may contribute to the theoretical and practical development of this stream of
research? Twenty seven empirical articles are analyzed from journals all over the world,
encompassing the five years of research on the topic, from 2011 to 2015. Theoretical lacks are
identified in the two main paradigms (functionalism and interpretativism). Suggestions for further
developments are also highlighted in the article, summarized in three topics: i) search for an
holistic perspective of culture in functionalist studies; ii) search for a stronger link between context
more connected effort to organizational outputs in interpretative investigations; and iii) narrative
as an appropriated data collection tool for both paradigms.
Contact: Pedro Karam, [email protected]
Pp6 – June, 29th – 09:30 – 11:00 – Governance and boards – ASTRACHAN (HARVARD)
Title: Directors' Interlocks, Family Firms, and Performance during Turbulent Times: Evidence
from Latin America
Authors:
Karen Watkins-Fassler - UPAEP
Virginia Fernández-Pérez - Universidad de Granada
Lázaro Rodríguez-Ariza - Universidad de Granada
Abstract
This study presents a theoretical and an empirical analysis of how directorate interlocks impact
organizational performance in entrepreneurial atmospheres dominated by family firms, under
uncertainty circumstances. The research question was addressed through regression analysis,
and the model was tested using data from 243 companies in Chile and 89 firms in Mexico. We
show that interlocking directorates in Latin American firms impact positively on organizational
performance when environmental uncertainty is present, particularly considering the most
recent financial crisis episode (2009-2010). However, this effect is higher in Chile, where
minority shareholders and other stakeholders are be er protected against expropriation. This
study extends previous work by examining this issue in Latin America, and incorporating
ethical concerns.
Contact: Karen Watkins, [email protected]
57
Title: Family Business Governance: The Influence of Relational and Formal Measures on
Performance
Authors:
Donella Caspersz - The University of Adelaide Business School
Chris Graves - The University of Adelaide Business School
Jeff Lou - The University of Adelaide Business School
Jill Thomas - The University of Adelaide Business School
Abstract
The purpose of this study is to identify the extent to which family companies utilise mechanisms to
govern both the family and the business and whether such mechanisms are associated with
superior performance. A mixed methods approach was used where the quantitative analysis of
data from a 2013 survey of Australian family businesses is combined with a qualitative study that
was undertaken with Australian family businesses. Findings suggest that family governance
mechanisms lead to superior performance for both the business and the family. Specifically, family
governance mechanisms assist family owners in achieving goals that are of importance to both the
business (e.g. profitability) and the family (e.g. family cohesion). Implications of the study findings
are further explored in the paper.
Contact: Donella Caspersz, [email protected]
Pp7 – June, 29th – 09:30 – 11:00 – Emotions, trust and creativity – PERKINS (IAE)
Title: Organizational Creativity Experiences in Publicly Traded Fashion Retailers
Authors:
Paul Sanchez-Ruiz - Oklahoma State University
Ileana Maldonado-Bautista - Oklahoma State University
Craig Wa ers - Oklahoma State University
Abstract
This explorative research increases the understanding of the novel and useful idea generation
within publicly traded family and non-family fashion retail firms. Based on the assumption that
organizational creativity is a two-dimensional construct (i.e. novelty and usefulness), the
researchers answer the following research questions: How do family and non-family fashion
retailers encourage organizational creativity in their firms; and, how do organizational creativity
differ between family and non-family fashion retailers? The researchers documented twelve U.S.
fashion retailers and found that retailers that show poor organizational creativity, in some cases
their profit margin was even greater than those retailers that showed higher organizational
creativity levels. This paper establishes a link between organizational creativity and fashion
retailers' performance; and contributes to the body of knowledge of retail strategy. This study
alone is insufficient to draw strong conclusions; only the integration of a full range of industries
will make it possible to evaluate the degree to which companies should contribute to the
organizational creativity in their firms, and how these differ within various sectors.
Contact: Paul Sanchez-Ruiz, [email protected]
58
Title: Particularistic and System Trust in Family Businesses: A Four-C Perspective
Authors:
Yong Wang - University of Wolverhampton
Henry Shi - University of Adelaide
Abstract
Leaders have been claimed to play an important role in determining business success. Whether a
leader is effective in leading a firm is arguably dependent on how he or she is trusted in the firm. In
the literature, studies have been dedicated to examining how trust in leadership is developed, as
well as antecedents and outcomes of trust. Notwithstanding the remarkable commitment, there is
li le research examining trust in the family business context, in particular, how trust in leadership
is constructed in family businesses, how trust evolves through the development of family firms,
and how family influence exerts impact on trust. The current study followed Yin's (2009) case study
approach, where multiple semi-structured interviews were performed in three Chinese family
businesses with informants including owner-managers, founders, subordinates, and key family
members. Based on the evolutionary perspective, the article argues that relationship-based
particularistic trust underpins business operations at the start-up stage because of the void of
governance mechanism. As businesses grow, regardless of the evolution context, the dynamics of
business transition lead to the formation of institutional-based system trust that reshapes business
governance and employees' behaviour. Furthermore, the article claims that high family influence
catalyses particularistic trust initially, whilst the impact of different facets of family influence on
system trust differs.
Contact: Yong Wang, [email protected]
Ds7 – June, 29th – 11:15 – 12:45 – Corporate and family governance practices – ASTRACHAN
(HARVARD)
Title: Governance in Family Farm Units in Brazil: Relations among Management Practices
and Implementation of Governance Mechanisms
Authors:
Claudio Machado Filho - Universtity of São Paulo
Silvia Caleman - Federal Universtity of Mato Grosso do Sul
Christiano França - University of Campinas
Abstract
The purpose of this study is to understand what factors that impact the formalization of
Governance and Succession processes in rural properties in Brazil. In this context, management
professionalism has evolved, with increasingly professional structures in command of farms,
whose nature of activity requires skills in production, commercial and financial terms. In
particular, the management of market and production risks, inherent in the agricultural activity, is
one of the critical factors in the management of the rural activity. However, the governance process
does not evolve as the increasing professionalization process of the agricultural activity requires.
The “governance risk” is still poorly considered in the rural environment, specially the succession
process, which most of the times limits the potentiality of operations. The general purpose
associated with the situation-problem is to understand the evolution of the governance process in
59
Rural properties and its relation with the adopted management practices. This study specifically
seeks to: I. understand the evolution of Governance mechanisms and the implementation of the
formal strategic planning process; II. understand the relation between rural venture maturity
and adoption of governance practices; III. understand the perceptions of business families in
relation to the succession planning and their predisposition to implement it.
Contact: Cláudio Machado Filho, capfi[email protected]
Title: Women’s Involvement in the Family Business: Family and Ownership Purposes
Authors:
Maria Piedad Lopez-Vergara - INALDE Business School, Universidad de La Sabana
Abstract
Although previous research has been focused on the role of women in the business and in the
family less a ention has been given to understanding the purposes that they have to become
involved in the family firm. With this understanding in mind, this project has three research
questions: (1) ¿What are the purposes that motivate women to become involved in their FBs? (2)
How are those purposes perceived by women? (3) How do Family Council and Shareholders'
council help to accomplish those purposes?. This is a qualitative study. The data for this paper was
collected using in-depth interviews with 14 women from Colombian family businesses. A content
analysis was used to analyze this information. Most of the participants indicated that they become
involved in their businesses to (a) preserve ownership and promote its growth, (b) obtain their
professional and personal development and (c) preserve the family unity. Participants perceived
that even though the purposes are not contradictory, the decisions related with each purpose are
perceived as contradictory. Respondents mentioned that those purposes are complementaries if
the family firm count with an adequate decision making process inside the government bodies. The
results from this study have contributions for family business researchers and practitioners. One
implication comes from understanding women's involvement in the FBs under the government
bodies perspective. Family business need to count with different government bodies for each
system in order to take be er decisions for each one.
Contact: Maria Piedad Lopez-Vergara, [email protected]
Title: Gender Diversity in Family Firms (FF)
Authors:
Luz Elena Orozco Collazos - Universidad de los Andes
Abstract
This study contributes in the understanding of the implications of the behavioral arguments that
have been a ributed to the family firms (FF). What is a empted here is to observe the landscape
from the forest, not from the tree. Does this apparent secondary role of female family members
have any influence in the FF? Based on social identity theory and gender role theory, I show that the
women's role in FF should be characterized like indirect for the firm be er than secondary or
invisible such as previous studies reflect. The context of Colombia, an emergent country, allows
testing the most of established hypotheses. The findings indicate that the number of owners and
their family relations positively influence the openness of the FF toward the female participation in
certain power positions. However, this influence decreases to the extent that the FF becomes larger,
60
And loses the family characteristic. The analysis of gender diversity in FF opens a new
perspective to understand the female role in these firms; FFs are spaces that promote the female
participation in leadership positions, but results suggest that the influence may be restricted.
The no supported hypotheses open avenues for future research.
Contact: Luz Elena Orozco Collazos, [email protected]
DS9 – June, 29th – 11:15 – 12:45 – Spanish track WIP – GALLO (IESE)
Title: “La importancia de la elección del co-piloto en un emprendimiento”
Authors: Diego Iturry - Negocios de Familia Pablo Domínguez - Business Owners Consulting
Anahí Alburqueque - Business Owners Consulting
Abstract
En el mundo empresarial la gran mayoría de iniciativas o emprendimientos se inician por una
necesidad detectada por el emprendedor en el mercado. Su instinto y conocimiento del mercado le
permiten desarrollar un producto o servicio que sumado a la confianza de su creación le permite
iniciar su nueva aventura empresarial. Pero hay que reconocer que no todos los emprendedores
han tenido éxito desde el primer momento pese a haber tenido alguna idea innovadora o fuera de lo
común. El estudio plantea la problemática que han afrontado los emprendedores en decidir en
elegir a su verdadera mano derecha desde el inicio, a su co-piloto de confianza que le permitirá
poder enfocarse en lo que mejor sabe y conoce. El co-piloto es el que brinda la tranquilidad al
emprendedor de las responsabilidades delegadas en él o ella. Es poco probable que un
emprendedor pueda hacerse cargo tanto de la parte operativa y administrativa al mismo tiempo,
con lo cual el co-piloto se hace cargo de la contra parte y brinda un balance a las operaciones. Queda
claro que el emprendedor es el que toma las decisiones finales, pero su co-piloto brinda ese consejo,
apoyo y punto de vista frio que puede que el emprendedor no este visualizando. Existen
investigaciones y estudios que analizan el perfil, rasgos y demás características que definan a un
emprendedor. El presente estudio busca corroborar un posible perfil, rasgo y características que
debería tener un verdadero co-piloto.
Contact: Diego Iturry, [email protected]
Title: Acciones que Influyen en la Satisfacción de un Proceso de Coaching en la Empresa
Familiar
Authors:
Katalien Bollen - Maastricht University’s School of Business and Economics - University of
Leuven
Jose Betancourt - Inalde Business School, Universidad de La Sabana
Helder Barahona - Universidad de La Costa
Abstract
Esta investigación en curso tiene como objetivo identificar conductas concretas del coaching
empresarial, llevada a cabo por altos directivos en las empresas familiares, que aumentan la
satisfacción del proceso de coaching. Esta investigación analiza datos cuantitativos (n = 84),
recolectados con una encuesta en una escuela de negocios de prestigio. Los encuestados eran
estudiantes y graduados que participan en empresas familiares colombianas.
61
El propósito de esta investigación es principalmente de exploración y se centra en la
identificación de los comportamientos concretos de entrenamiento que aumentan la satisfacción
de los directivos como resultado de la mediación. Esta investigación es relevante debido al
papel prominente del coaching en la creación de una dinámica positiva en la empresa y sus
resultados. Además, ayuda a decidir qué comportamientos son los más importantes y
relevantes para la promoción en la empresa familiar. En este documento se presenta el
planteamiento del problema y un análisis preliminar de resultados.
Contact: Jose B Betancourt R, [email protected]
Pp8 – June, 29th – 13:30 – 15:00 – FB resources, psychological ownership, socioemotional wealth
– MONTEMERLO (IPADE)
Title: VRIN Resources, Knowledge Management and Ordinary Capabilities in Family Firms
Authors:
Ismael Barros - Universidad Austral de Chile
Juan Hernangómez - Universidad de Valladolid
Natalia Martín Cruz - Universidad de Valladolid
Abstract
Organizational processes in family firms are nowadays understudied in favor of the analysis of
their idiosyncratic resources. However, both elements have a role in favoring family firm survival
and longevity. From a dynamic capabilities framework, the building and renewal of 'familiness'
–as the main resource of those firms– need to be understood with the generation of organizational
processes. This study focuses on the relationship between family firms' resources, knowledge
management and ordinary capabilities. With the goal of verifying these relationships, we
conducted an empirical analysis by means of a sample of 102 non-listed family firms in Spain; the
data was evaluated through an analysis of Partial Least Squares (PLS). Our findings reveal that the
main resources of the family firms (familiness): power, experience and culture have distinct effects
over the process of knowledge management. Furthermore, a direct and positive relation is
observed between knowledge management and the ordinary capabilities of the family firm. In this
way, the paper contributes to the family firm literature by introducing the dynamic capability
framework in the explanation of the knowledge management in the family firms.
Contact: Ismael Barros, [email protected]
Title: Promoting Psychological Ownership among Non-Family Employees: A Case Study
Authors:
Bart Henssen - Odisee University College
Abstract
Psychological ownership (PSO) of family stakeholders is considered to lie at the essence of what
constitutes a family firm, but what stimulates non-family employees to develop psychological
ownership over the family business is not so clear. Through an explanatory case study this paper
explores the conditions that allow for the development and promotion of PSO among non-family
employees in family businesses. Three main findings arise: (1) the role and importance of the
quantity and especially the quality of organizational relationships for the development of PSO in
family firms, (2) the role that is played by organizational communities in the formation and
62
Promotion of PSO in the family firm. Our analysis suggests that qualitative relationships have
the potency to create strong organizational communities thereby adding to PSO, and (3) the role
of leadership, especially the strong contributions of transformational and servant leadership
styles for the development and promotion of PSO. The findings in this paper make valuable
contributions to family business literature and the organizational literature stream.
Contact: Bart Henssen, [email protected]
Title: Exploring the Influence of Socioemotional Wealth on Change in Family Business:
Using the case of an Indonesian and Colombian Family Business
Authors:
Sarah Sarah Sullivan - The University of Western Australia
Donella Caspersz - The University of Western Australia
María Piedad López-Vergara - INALDE Business School, Universidad de La Sabana
Abstract
The purpose of this paper is to describe a study that has sought to understand the influence of
Socioemotional Wealth on a key decision that is unique to family firms, that is transgenerational
transfer. A major factor that influences transgenerational transfer is the emotional and relationship
complexity that emerges with the family being involved in the business. We suggest that the focus
on the affective needs of the family as outlined in the SEW framework makes a useful lens to use in
understanding this key directional change in a family firm. We have conducted a qualitative study
with two firms, one in Indonesia and the other in Colombia to provide this analysis. As a result, the
evidence that has been presented from both cases, it is clear that the dimensions of SEW are highly
relevant in the process of transgenerational transfer in different ways. The findings from both case
studies highlight that the experience of the family in business is a particular influence that fosters
difference in how SEW influences transgenerational transfer in family firms. The implications that
arise from these findings is that because the SEW values differ across family business; this should
be taken into account when transitioning onto the next generation.
Contact: Sarah Sullivan, [email protected]
Pp9 – June, 29th – 13:30 – 15:00 – Acquisition, diversification and dividend policies –
ASTRACHAN (HARVARD)
Title: Family Business in Emerging and Industrialized Markets: Similarities and Differences
Authors:
Renata Bernardon - PPGA/Unisinos
Jefferson Monticelli - PPGA/Unisinos
Guilherme Trez - PPGA/Unisinos
Abstract
This study aims to understand the differences between family businesses participating in
emerging and industrialized markets, noting their similarities and their differences in relation to
three elements: export levels, perception of governmental support and appreciation from the
government with this type of organization. The data presented by PwC Family Business Survey
2012 was used as source of information.
Contact: Renata Bernardon, [email protected]
63
Title: Impact of Distance on Acquisitions by Family Firms: Evidence from India
Authors:
Abstract
The purpose of this paper is to examine the impact of distance on acquisitions by family firms in
India. Strategic decisions like mergers and acquisitions have a spatial dimension, since firms seek
information and choose among geographically sca ered alternatives. Using a logit regression
model, this study examines the moderating effect of family firm characteristics (prior acquisition
experience, acquirer size and generation) on the distance and probability of acquisitions by family
firm relationship in a sample of 924 acquisitions by 405 Indian chemical manufacturing firms. We
find family firms are less willing to undertake M&A over longer distances. However they are able
to overcome the distance barrier in M&A, if A) They have prior M&A experience; B) They are bigger
in size; C) The target is urban; and D) It is a first generation family firm. This study adds to the
literature on the strategic choices adopted by family firms as too li le is known about the effect of
family business characteristics on mergers & acquisitions in emerging markets such as India.
Title: How Directors on Mexican Family Firms' Boards Contribute to Diversification
Strategies
Authors:
Jorge A. Duran-Encalada - Universidad de las Américas Puebla
Juan M. San Martin-Reyna - Universidad de las Américas Puebla
Abstract
This study examines the role that related and independent directors play on implementing
diversification strategies in public family businesses in Mexico. As a consequence of
socioemotional wealth, the level of family ownership concentration limits the adoption of
diversification strategies. In the same way, the traditional view of agency theory confirms the riskaversion of the related directors to engage in diversification. However under conditions of
performance hazard, we can see that family firms may be prepared to assume diversification,
relinquishing some fears of loss of control by the main owning family. The participation of
independent directors on the boards motivates the adoption of diversification strategies too. Their
presence serves to mitigate socioemotional risks of the principal family shareholders and their
willingness to retain control by avoiding diversification.
Contact: Jorge Duran-Encalada, [email protected]
64
Pp10 – June, 29th – 13:30 – 15:00 – Nonfamily employees, family offices and professional
associations – PERKINS (IAE)
Title: Non-Family Employees' Satisfaction with High Involvement Human Resource Practices
in Family Firms: A Resource Based Perspective
Authors:
Hazel Melanie Ramo - No ingham University Business School, University of No ingham
Malaysia Campus
Michael James Mustafa - No ingham University Business School, University of No ingham
Malaysia Campus
Donella Casperz - University of Western Australia
Sim Siew-Chen - No ingham University Business School, University of No ingham Malaysia
Campus
Abstract
Which HR practices are non-family employees in Family SMEs most satisfied with? In order to
address this question, this particular study examines non-family employees satisfaction with
High-involvement HR practices. Additionally we also investigate the extent to which non-family
employees levels of satisfaction vary with respect to their individual differences. Empirical
evidence is drawn using a Mixed Methods Research (MMR) approach from 154 respondents from 6
Singaporean family SMEs. Our findings indicated that non-family employees were most satisfied
with their firms information sharing, competence development and recognition practices. We also
noted that non-family employees satisfaction levels varied with respect to their age and
organizational tenure. Our findings provide valuable insights into how to manage non-family
employees and their unique needs.
Contact: Michael James Mustafa, michael.mustafa@no ingham.edu.my
Title: Responsible Family Ownership's Transmission Along Generations
Authors:
Agustín Arredondo - Tecnológico de Monterrey campus Aguascalientes
Cristina Aragón – University of Duesto
Cristina Iturrioz – University of Duesto
Abstract
Responsible Family Ownership is a combination of the family's commitment to the firm's
stakeholders in the long term, and the explicit behaviour of the family members associated with
responsible ownership. However, a family is not an individual, but a complex network where
values, relationships and purpose system are shared. This network is called family social capital
(FSC). In such context, misunderstandings in communication, anachronistic sensitivities and
different value systems can damage the family social capital, and block the responsible family
ownership's intergenerational transmission. In consequence, the responsibility of the family
towards family firm's stakeholders is damaged and its social responsible behaviour hindered. This
paper aims to identify how responsible family ownership is transferred, the role that family social
capital plays in, and the problems and dynamics families have to display in order to preserve this
transmission. Our research is based on three case studies of Mexican family SMEs. The
65
contribution regarding the successful responsible family ownership transmission is threefold.
First, it shows the role that family social capital plays to develop deliberate dynamics
supporting this transmission. Second, the systemic approach is recommended to understand the
family social capital dimensions dynamics. Finally, a pool of best practices is presented.
Contact: Agustin Arredondo, [email protected]
Title: The Impact of Professional Associations on the Education, Learning and Action of
Policymakers with Regard to Family Enterprises
Authors:
Maria José Parada - ESADE Business School
Alberto Gimeno - ESADE Business School
Leif Melin - Jönköping International Business School
Jesús Casado - EFB
Abstract
Family Businesses professional Associations play a key role in the education and learning of its
individual members. Yet some of them also play a relevant role in lobbing policy makers through
education and learning. We shed light on how professional associations whose main role is to
defend the interests of a consolidating family business field rely on education and context to
generate a learning process in policy makers that will eventually influence their decision making.
Using two key informants involved in European Family Businesses (EFB) the leading association
representing European family businesses, we content-analyze their interviews to find that
education via expert reports conferences and meetings along with the creation of context where
family business members and policy makers interact at a personal level, generate a learning
process in terms of awareness and legitimation of family business as an existing reality, but also
leads to the legitimation and recognition of the association as an interlocutor with power and
expertise to advise policy makers in diverse ma ers. Additionally we content analyze the
documents of the EU Commission and observe an increase in the awareness and legitimation of
this "new" reality has been achieved over the years.
Contact: Maria José Parada, [email protected]
Pp11 – June, 29th – 13:30 – 15:00 – Spanish track – KOIRANEN (X & XII ROOMS)
Title: El Concepto de Innovación Empresarial en la Empresa Familiar: La Visión de los
Expertos
Authors:
Lorena A Palacios-Chacon - Universidad Sergio Arboleda
Pablo Alamo - Universidad Sergio Arboleda
Abstract
Este trabajo preliminar afronta el tema de la innovación en las empresas familiares, concretamente
desde su concepto. En primer lugar, se realiza una revisión de literatura de la relación entre la
innovación y las empresas familiares, para posteriormente presentar los resultados de entrevistas a
profundidad a gerentes, consultores y expertos en la realidad de la gestión de una familia
empresaria.
Contact: Lorena A Palacios-Chacon, [email protected]
66
Title: Gobierno Corporativo en Empresas Familiares de Iberoamérica: Un Resumen de la
Literatura
Authors: Diógenes Lagos Cortés - Inalde Business School, Universidad de La Sabana
Abstract
Propósito – El objetivo de esta investigación es entender que es lo que se sabe sobre el gobierno
corporativo en empresas familiares iberoamericanas. Metodología – Se hizo una revisión de la
literatura para identificar todos los artículos publicados sobre gobierno corporativo en empresas
familiares iberoamericanas. Se encontraron 36 artículos. En esta revisión resumimos los resultados
de estos artículos. Conclusiones – En general creemos que este trabajo nos da un conocimiento
básico sobre el gobierno corporativo en empresas familiares iberoamericanas. Nuestro resumen
indica que la mayoría de publicaciones en esta área se enfocan en aspectos del gobierno de la
empresa o la propiedad. Se proponen varias áreas de investigación para mejorar este conocimiento.
Limitaciones de la investigación– Este resumen se basa en 36 artículos que se encontraron en las
bases de datos utilizadas. En vista de que muchos de los artículos se han publicado en revistas que
no tienen ranking internacional puede ser que se hayan omitido algunos trabajos. Originalidad /
valor – Este trabajo proporciona la base de entendimiento en el área de gobierno corporativo en
empresas familiares latinoamericanas.
Contact: Diógenes Lagos Cortés, [email protected]
Title: Caso de Estudio Eco Hotel Árbol de Fuego
Authors:
Ceferi Soler - ESADE - Barcelona
Edwin Flores - Universidad Centroamericana José Simeón Cañas
Ricardo Flores - Universidad Centroamericana José Simeón Cañas
Abstract
La apuesta por crear y gestionar una empresa en armonía con el medio ambiente es retadora en los
contextos empresariales del siglo XXI. Este artículo presenta el caso de estudio del Eco-Hotel Árbol
de Fuego en El Salvador, Centroamérica. El caso plantea las operaciones del Hotel enfocadas en la
implementación de mecanismos que buscan la eficiencia energética como eje transversal. Por otro
lado se estudió la gestión de la empresa familiar, los retos y desafíos que ha significado dirigir una
organización inmersa en un tejido empresarial dominado por el género masculino. Además se
analizó el cómo esta empresa familiar se ha enfrentado a diferentes crisis económicas globales y a
las condiciones de violencia social que actualmente vive el país producto de las desigualdades
económicas impuestas por las estructuras de poder dominante. Finalmente se expone los
resultados económicos de la empresa para explicar los efectos de la política de inversiones y su
relación con la estrategia competitiva enfocada a diferenciarse desde iniciativas de eficiencia
energéticas y recursos renovables.
Contact: Edwin Flores, erfl[email protected]
67
4. People involved
4.1 List of Reviewers
We gratefully acknowledge 68 scholars who took part in the review process and put their effort
to evaluate conference submissions and offer constructive feedback to the authors.
First Name
Last Name
Naveed
Ricardo
Jonathan
José
Claudia
Isabel C.
Bri a
Akhter
Aparicio
Bauweraerts
Betancourt Ramírez
Binz Astrachan
Botero
Boyd
Katiuska
Suarez
Campopiano
Caspersz
Ceja
Chung
Colli
Dawson
Deloof
Diéguez-Soto
Duarte
Duréndez
D'Allura
Fang
Ferguson
Frank
Fra ini
Gnan
Goel
Gonzalez
Goto
Greco
Gómez Betancourt
Hadjielias
Hadjimanolis
Hadrys-Nowak
Hauck
Helsen
Hendriks
Jezak
Karri
Maria
Cabrera
Giovanna
Donella
Lucia
Hsi Mei
Andrea
Alexandra
Marc
Julio
Nelson
Antonio
Giorgia Maria
Hanqing
Keith
Hermann
Federico
Luca
Sanjay
Maximiliano
Toshio
Giulio
Gonzalo
Elias
Athanasios
Alicja
Jana
Zoë
Walter
Jan
Ranjan
68
Josip
Frank
Ivona
Melquicedec
MaríaPiedad
Ilse
Nava
Tommaso
Kotlar
Lambrechts
Ljumic
Lozano
López Vergara
Matser
Michael-Tsabari
Minola
Ken
Jorge
Linda
Maria Sacristan
Herbert
Rolex
Torsten
Panikkos
Sabine
Hannele
Ignacio
Alfonso A.
Juan Manuel
Iluminada
Lucrezia
Tensie
Alex
Julia
Leslie
Salvo
Elmarie
Paola
Moores
Moreno
Murphy
Navarro
Neubauer
Owino
Pieper
Pou iouris
Rau
Rautamäki
Requejo
Rojo-Ramírez
San Martin Reyna
Severino
Songini
Steijvers
Stewart
Suess-Reyes
Szamosi
Tomaselli
Venter
Vola
Table 8: List of reviewers
69
4.2 Author index
A
Adiguna, Rocky:PP5.
Agrò, Gianna:DS4.
Alamo, Pablo:PP11.
Alburqueque, Anahí:DS8.
Ansari, Iram:PS1.
Aparicio, Ricardo:PS1.
Aragón, Cristina:PP10.
Arredondo, Agustín:PP10.
Atristain, Connie:DS3.
B
Barahona, Helder:DS8.
Baran Chakrabarti, Amit:PP4.,PP4.,PP9.
Barros, Ismael:PP8.
Barrédy, Céline:DS6.
Bergfeld, Marc-Michael:DS1.
Bernardon, Renata:PP4.,PP9.
Betancourt, Jose:DS5.,DS8.
Betancourt R, Jose B:DS5.
Bollen, Katalien:DS8.
Botero, Isabel C.:PS1.
Botero, Isabel C.:PS1.,PP11.
Brenes, Esteban R.:PS1.
C
Calderón, Daniel:PS1.
Caleman, Silvia:DS7.
Casado, Jesús:PP10.
Caspersz, Donella:PP6.,PP8.
Casperz, Donella:PP10.
Ceja Barba, Lucia:DS4.
Colombo, Gianluca:DS2.
D
Dawson, Alexandra:DS6.
Della Piana, Bice:PP1.
Diaz Matajira, Luis:PS1.
Discua Cruz, Allan:PS1.
Domínguez, Pablo:DS8.
Duran-Encalada, Jorge A.:PP2.,PP9.
Durán Encalada, Jorge Alberto:PS1.
E
Enriquez Yague, Julian Oswaldo:DS5.
F
Fainsilber, Ricardo:DS3.
Fazio, Gioacchino:DS4.
Felden, Birgit:DS1.
Feliu, Neus:PS1.
Fernández-Pérez, Virginia:PP6.
Fletcher, Denise:PP5.
Floreani, Josanco:PP2.
Flores, Edwin:PP11.
Flores, Ricardo:PP11.
França, Christiano:DS7.
Fuetsch, Elena:PP3.
G
Gimeno, Alberto:PP10.
Goergen, Marc:PS1.
Gomez-Betancourt, Gonzalo:PS1.,DS5.,DS5.
Gonzalez Couture, Gustavo:PS1.
Gonzalez-Mosso, Sanson R.:PP2.
Graffius, Michael:DS1.
Graves, Chris:PP6.
H
Henssen, Bart:PP8.
Hernangómez, Juan:PP8.
I
Iturrioz, Cristina:PP10.
Iturry, Diego:DS8.
J
Jones, Raymond:PS1.,DS3.
K
Karam, Pedro:PP5.
King, Roger:PP3.
Koiranen, Ma i:PP1.
70
4.2 Author index
L
Labaki, Rania:PP4.
Lagos Cortes, Diogenes:DS5.
Lagos Cortés, Diógenes:PP11.
Ljumic, Ivona:DS2.
Lopez-Vergara, Maria Piedad:DS7.
Lorenzo-Gómez, José Daniel:DS1.
Lou, Jeff:PP6.
Lybaert, Nadine:PP3.
López-Vergara, María Piedad:PP8.
M
Machado Filho, Claudio:DS7.
Machado Filho, Cláudio:PP5.
Maldonado-Bautista, Ileana:DS5.,PP7.
Marino, Vi oria:PP1.
Marjanski, Andrzej:PP1.
Martín Cruz, Natalia:PP8.
Martínez Romero, María José:DS4.
Marwede, Laura:DS1.
Mason, Michela C.:PP2.
Meiseberg, Brinja:DS6.
Melin, Leif:PP5.,PP10.
Mierzal, Laura:DS1.
Mira, Svetlana:PS1.
Monticelli, Jefferson:PP9.
Mustafa, Michael James:PP10.
O
Olson, David:DS2.
Orozco Collazos, Luz Elena:DS7.
P
Palacios-Chacon, Lorena A:PP11.
Parada, Maria José:PP10.
Peláez León, Juan David:DS2.
Peng, Winnie Qian:PP3.
Pichardo, Caleb A.:PS1.
Ponte, Vitalba:DS4.
R
Ramachandran, Kavil:PP4.,PP4.,PP9.
Ramo, Hazel Melanie:PP10.
Ray, Sougata:PP4.,PP4.,PP9.
Reilly, Timothy:PS1.,DS3.
Ri , Johannes:DS1.
Rodríguez-Ariza, Lázaro:PP6.
Rojas-Vázquez, Alvaro:DS1.
Rojo Ramírez, Alfonso A.:DS4.
RojoRamírez, Alfonso A.:DS1.
Rong, Pei:PP5.
S
San Martin Reyna, Juan Manuel:PS1.
San Martin-Reyna, Juan M.:PP9.
Sanchez-Ruiz, Paul:DS5.,PP7.
Sarah Sullivan, Sarah:PP8.
Scalzo, Germán:DS3.
Shi, Henry:PP7.
Siew-Chen, Sim:PP10.
Snellman, Lilian:DS6.
Soler, Ceferi:PP11.
Soost, Christian:DS1.
Soto Echeverry, Nidia Costanza:DS5.
Steijvers, Tensie:PP3.
Stotler, Derek:DS2.
Suess-Reyes, Julia:PP3.
Sulkowski, Lukasz:PP1.
Sánchez Marín, Gregorio:DS2.
T
Tan, Wee-Liang:PP5.
Thomas, Jill:PP6.
Tomaselli, Salvatore:DS4.
Torres Gómez, Luis Felipe:DS1.
Trez, Guilherme:PP9.
U
Ueno, Yasuhiro:DS4.
Umans, Ine:PP3.
V
Vecchi, Alessandra:PP1.
Vega Solano, Marco:PS1.
Voordeckers, Wim:PP3.
71
4.2 Author index
W
Wang, Yong:PP7.
Watkins-Fassler, Karen:PP6.
Wa ers, Craig:DS5.,PP7.
Woods, Jeremy:DS2.
4.3 List of Conference Session Chairs
PP1 – Alexandra Dawson
PP2 – Yong Wang
PP3 – Donella Caspersz
PP4 – Raymond Jones
DS1 – Torsten Pieper
DS2 – Rania Labaki
DS3 – Jeremy Woods
DS4 – Johanna Ri
DS5 – Sanjay Goel
DS6 – Ranjan Karri
PP5 – Allan Discua Cruz
PP6 – Juan San Martin-Reyna
PP7 – Jorge Duran
DS7 – Isabel Botero
DS8 – Gonzalo Gomez Betancourt (Spanish
track)
PP8 – Alfonso Rojo Ramirez
PP9 – Ma i Koiranen
PP10 – Gianluca Colombo
PP11 – Lucia Ceja
72
Table 9: List of conference session chairs
4.4 IFERA 2016 Commi ee
Academic Program Chairs Dawson, Alexandra Concordia University Steijvers, Tensie Hasselt
University
Academic Program Chairs
Dawson, Alexandra
Concordia University
Steijvers, Tensie
Hasselt University
Conference Chair
Gómez-Betancourt, Gonzalo
Conference Host Commi ee
López Vergara, María Piedad
Betancourt, José Bernardo
Legacy & Management Group
IFERA 2016 Executive Commi ee
Binz Astrachan, Claudia
Lucerne University
Boyd, Bri a
University of Southern Denmark
Caspersz, Donella
UWA Business School
Goel, Sanjay
University of Minnesota Duluth
Karri, Ranjan
University of Illinois Springfield
Zachary, Ramona
Baruch College, City University of New York
73

ifera .cdr - eDocs - University of Illinois Springfield

Transcription

Similar documents

I`m helping to end MS by participating in the 2016 Jayman BUILT MS

Accounting - Mihaylo College of Business and Economics

Resources

Kids Write 4 Kids is a creative challenge that selects stories from

The Board of Directors of Qatar Fuel (WOQOD) is pleased to invite

Course- The use of Geographic Information Systems Universidad

5 `S` Training Program at ABV-IIITM, Gwalior on 21.07.2016

Porky Expo Flyer