Family firms in the Arab world: culture influences on socioemotional wealth

Petrolo, Damiano; Pellegrini, Massimiliano Matteo; Abukhalaf, Younis

doi:10.1504/ijtis.2018.091615

Cited by 2 publications

(6 citation statements)

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“…the Arab world) showing how women’s entrepreneurship in developing countries cannot be seriously studied without considering the family environment (Caputo et al, 2016, 2017; Cetindamar et al, 2012; Essers and Benschop, 2009; Mehtap et al, 2017; Ramadani and Hoy, 2015). Second, the study reinforces the assumption that social/institutional elements also have a major impact on the business as well as family-related matters (Gray and Finley-Hervey, 2005; Gupta et al, 2011; Petrolo et al, 2018; Stough et al, 2015).…”

Section: Introductionsupporting

confidence: 75%

“…In addition to the family-business nexus, it also is important to understand the significance of the general context for studies on women’s entrepreneurship in general and specifically in Arab countries (Dana and Dana, 2005). Because a conservative culture and a patriarchal approach are deeply socially-embedded in this part of the world (Caputo, 2018; Dana, 2000; Petrolo et al, 2018), female entrepreneurs face stronger barriers compared to their colleagues elsewhere (Dana et al, 2018; Kolvereid et al, 1993). While Islam per se is not a constraining factor for women’s participation in economic activity, social customs and tribal traditions may inhibit entrepreneurial attitudes towards women in the Arab world.…”

Section: Theoretical Backgroundmentioning

confidence: 99%

“…According to this assumption, these powerful groups may impair the full democratisation of a country leading to political and social fragility (Bowen et al, 2015; Hudson et al, 2012). We want to focus on developing countries, particularly in the Arab world, where the culture tends to be generally conservative and patriarchal (Cetindamar et al, 2012; Petrolo et al, 2018), to determine if a more evident institutional force is present. Different levels of political and social stability may contribute to different psychological pressures on female entrepreneurs (Essers and Benschop, 2009).…”

Section: Theoretical Backgroundmentioning

confidence: 99%

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The door swings in and out: The impact of family support and country stability on success of women entrepreneurs in the Arab world

Welsh

Kaciak

Mehtap

et al. 2021

International Small Business Journal: Researching Entrepreneurs

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Women-owned businesses represent a significant segment of the contemporary economy upon a global basis. However, women entrepreneurs still experience more obstacles than men depending on cultural context; for example, research on the Arab world concerning the interaction between women entrepreneurs and their families remains under-developed. Consequently, we ground our study upon an enhanced framework of agency theory, which includes family altruism. We examined the relationships between business-family interface (BFI) enrichment components and the performance of firms headed by female entrepreneurs women in Jordan and Sudan. Specifically, we investigated if and how the country level of political and social stability moderates these relationships. The findings suggest that the relationship between the family-related objective factor (family financial support) and the performance of firms headed by female entrepreneurs is not affected by the country’s political and social stability context. Conversely, the family-related subjective factor (family moral support) is affected by this context. Our study bridges the gap in contextual studies on the Arab world concerning the success of women-owned businesses and confirms how institutional elements affect business in addition to family-related matters. Implications for future research and public policy are discussed.

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Section: Introductionsupporting

confidence: 75%

Section: Theoretical Backgroundmentioning

confidence: 99%

Section: Theoretical Backgroundmentioning

confidence: 99%

See 1 more Smart Citation

The door swings in and out: The impact of family support and country stability on success of women entrepreneurs in the Arab world

Welsh

Kaciak

Mehtap

et al. 2021

International Small Business Journal: Researching Entrepreneurs

View full text Add to dashboard Cite

show abstract

“…More interestingly a comparison of the middle-east region with that of any of emerging economy may help scholars to understand diverse family business cultures and their subsequent impact on the performance of family firms (see e.g. Petrolo et al , 2018; Welsh and Raven, 2006). Second, our study may have an issue of common methods bias as the data were cross sectional.…”

Section: Discussionmentioning

confidence: 99%

“…Family firms’ characteristics remained an area of research interest for the last two decades (see e.g. Petrolo et al , 2018; Welsh and Raven, 2006). Few family firms have key characteristics that differentiate them from non-family firms (see e.g.…”

Section: Introductionmentioning

confidence: 99%

An extension of the socioemotional wealth perspective

Saleem

Siddique

Ahmed

2019

JFBM

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Purpose Socioemotional wealth (SEW) has emerged as the most differentiating aspect in family firms and has become the focal issue in family firm decision making. Family firms have to face the jeopardy of financial gains and socioemotional. The purpose of this paper is to investigate the different dimensions of SEW in developing the firm as corporate entrepreneurial and which dimensions engage stakeholders. Design/methodology/approach The authors designed a survey questionnaire to obtain primary data for the study using purposive sampling method. The study conducted on the family firm using the questionnaire to investigate for corporate entrepreneurship (CE), and stakeholder engagement (SE) depended on family control and influence, family identity, binding social ties, emotional attachment and renewal of family bonds. Findings The study identified different SEW factors affecting CE and SE. The authors found that binding social ties and renewal of family bonds has a statistically significant impact on SE, whereas family identity and social ties have a statistically significant impact on CE. Research limitations/implications The authors receive data from the CEOs with low response rate and expected to have better results with more observations. The same study been conducted in different parts of the world may give different results and a cultural bias may restrict the findings. Practical implications From the research, family firms can take twofold benefits. In short term, a family firm with better SE can generate satisfied employees with lesser turnover intentions. For long-term objectives with respect to CE, a firm can get a result in terms of market innovations through for better firm’s performance. Social implications Since her inception, Pakistan has emerged as a society of commodity traders and technology importers. This society can easily generate an import-driven business. Nonetheless this import-driven economy always remains under great economic distress due to limited potential for actual innovations and market disruptions. The family businesses of any emerging market like Pakistan need to learn CE and SE while safeguarding social-emotional wealth, thereby being successful as firm to become export-driven economy at large. Originality/value The study identifies different SEW factors that help in developing a firm as corporate entrepreneurial and stakeholder’s engagement. Findings of the study are valuable for managing the family firms in developing economies where the family structures are very vibrant and businesses have a clear dependency on family formations.

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Family firms in the Arab world: culture influences on socioemotional wealth

Cited by 2 publications

References 0 publications

The door swings in and out: The impact of family support and country stability on success of women entrepreneurs in the Arab world

The door swings in and out: The impact of family support and country stability on success of women entrepreneurs in the Arab world

An extension of the socioemotional wealth perspective

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