Composition of familiness: Perspectives of social capital and open systems

Cano‐Rubio, Myriam; Fuentes-Lombardo, Guadalupe Fuentes-Lombardo; Ortiz, María Jesús Hernández; Martos, Manuel Carlos Vallejo

doi:10.1016/j.ejfb.2016.12.002

Cited by 19 publications

(20 citation statements)

References 56 publications

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“…In the conceptualization of social capital, Coleman places families' center stage as a primordial organization; thus, it is argued that the breakdown of a family in itself constitutes a loss of social capital (Edwards et al 2003). A lot of research has already pointed to the importance of the concept of family in shaping social capital (Sánchez-Famoso et al 2013;Cano-Rubio et al 2016;Amore 2017;Wang and Yu 2017). For example, Wang and Yu (2017) realize that social capital can be improved by family.…”

Section: The First Research Modelmentioning

confidence: 99%

Social Capital, Intellectual Capital, and Audit Fee: Conflicting Evidence from Iran

et al. 2022

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In the current study, we investigate the impacts of social capital (SC) and intellectual capital (IC) on audit fees among the companies listed on the Tehran Stock Exchange (TSE). Since the criteria for the norms and the networks are extremely correlated, we used a principal component analysis (PCA) to construct an index of social capital for each province between 2011 and 2016. The Pulic model is also used as a proxy for measuring value added intellectual capital (VAIC). The ordinary least squares (OLS) regression is employed in this study to test our research hypotheses as well. According to the research literature, on the one hand, investors and lenders can be more confident in the financial reporting honesty of the firms headquartered in areas with high social capital; on the other hand, auditors judge the trustworthiness of their clients based on where the firm is headquartered. Inconsistent with the prior studies, our findings show that companies headquartered in provinces with high social capital pay higher audit fees. Given that Iranian firms are under heavy financial pressure due to economic sanctions, those companies located in areas with higher social capital likely have abused the high level of trust that auditors and other groups in the market have in them and participated in earnings manipulation to mask their weak financial performance. Among the various components of IC, we found strong evidence that employed capital efficiency (ECE) and audit costs correlated positively. In short, this paper sheds light on the fact that severe financial pressures on managers may sometimes lead them to take advantage of the dark side of social capital and intellectual capital when preparing financial reports.

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Section: The First Research Modelmentioning

confidence: 99%

Social Capital, Intellectual Capital, and Audit Fee: Conflicting Evidence from Iran

et al. 2022

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“…Percebe-se, especialmente na Empresa A, a valorização do desenvolvimento dos colaboradores, visto que a empresa tem um programa interno voltado à geração dos futuros executivos. Já na Empresa B, têm-se em destaque o senso de pertencimento e o envolvimento entre os membros da família e a empresa (Cano-Rubio et al, 2016). Os dados indicam alta dependência da família na empresa, pois as decisões organizacionais refletem diretamente na vida pessoal dos membros.…”

Section: Análise Conjunta Dos Casos E Proposiçõesunclassified

Percepção de Risco na Internacionalização de Empresas Familiares

Spengler

Floriani

2022

Internext

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Objetivo: O estudo tem como objetivo compreender como a percepção de risco afeta o processo de internacionalização em empresas familiares. Método: O presente artigo apresenta uma abordagem qualitativa e se utiliza da estratégia de estudo de caso. Foram realizadas entrevistas semiestruturadas com gestores familiares e não-familiares de duas empresas familiares. Principais resultados: Identifica-se convergência entre os modelos teóricos e empíricos com a complementariedade de duas novas categorias de análise no modelo empírico, objetivos estratégicos e operacionalização por não familiar, que influenciam na relação e podem resultar em maior ou menor grau de internacionalização. Relevância/originalidade: A percepção de risco é um importante aspecto na internacionalização de empresas familiares de países emergentes e se faz necessário intensificar estudos que analisem seus efeitos nas estratégias internacionais. O presente estudo apresenta a influência de duas categorias que se mostraram relevantes ao processo de internacionalização de EFs, além dos efeitos já verificados na literatura, os objetivos estratégicos e operacionalização por não familiar. Contribuições teóricas/metodológicas: Este estudo contribui com a inserção dos objetivos estratégicos e a presença de um gestor externo à família frente à internacionalização que atenuam a percepção de risco e contribuem para estratégias de maior envolvimento internacional. Quando constatado a familiness entre os gestores dos casos estudados, percebeu-se uma capacidade dos mesmos transferirem este valor para membros não-familiares. Esses aspectos podem se tornar uma barreira para a internacionalização. Por outro lado, as empresas familiares podem, por meio das conexões estabelecidas, reavaliar suas estratégias a fim de se obter melhores resultados na internacionalização.

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“…The model of familiness proposed by Pearson et al [48] and adopted by others [44,50,51] describes how patterns of social interactions are the common antecedents of the stock of intangible resources. This resource bundle has three dimensions, as follows: Cognitive resources (e.g., shared vision), relational resources (e.g., trust, norms and obligations, identification, and commitment), and human resources (e.g., competencies, experience, and personal relationships).…”

Section: Fob Context Conceptualizationmentioning

confidence: 99%

Context as a Provider of Key Resources for Succession: A Case Study of Sustainable Family Firms

Botella-Carrubí

González-Cruz

2019

Sustainability

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Although succession is the single most important issue in family-owned businesses (FOBs), there is scarce comprehensive and integrative analysis of the context (i.e., the social, organizational, and normative setting) where succession events occur. Research usually focuses on the success or failure of succession processes, instead of the risks faced by FOBs during succession. The succession process takes time and multiple actors are involved. Therefore, succession is influenced by uncertainty and unforeseen events. This study addresses the aforementioned gap in the literature by investigating how context can reduce the risk of failure in succession. Based on organizational change theory and the resource-based view, this study considers family and business circumstances where interactions between actors take place and succession occurs. Since the research goal is deeply embedded in context, this paper presents a comparative case study of three Spanish FOBs that have experienced different kinds of organizational change in relation to management succession. The main conclusion is that risk of succession failure depends not only on detailed process design and planning, but also on a well-developed firm and family context that provides sufficient familiness resources to cope with unexpected events and address conflicts.

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Composition of familiness: Perspectives of social capital and open systems

Cited by 19 publications

References 56 publications

Social Capital, Intellectual Capital, and Audit Fee: Conflicting Evidence from Iran

Social Capital, Intellectual Capital, and Audit Fee: Conflicting Evidence from Iran

Percepção de Risco na Internacionalização de Empresas Familiares

Context as a Provider of Key Resources for Succession: A Case Study of Sustainable Family Firms

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