Resilience and Family Business Groups in Unstable Economies

Cruz, Allan Discua; Basco, Rodrigo; Parada, María José; Fierro, Antonio Malfense; Alvarado-Alvarez, Cristina

doi:10.1007/978-3-319-98542-8_13

Cited by 12 publications

(8 citation statements)

References 64 publications

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“…Building a strong family network is particularly important for small-scale entrepreneurial businesses, as it allows them to identify and pursue opportunities faster than their competitors (Lumpkin et al , 2010; Parada et al , 2016). By nurturing their network contacts, family businesses advance their social capital and protect themselves from uncertain regulatory environments (Bradley, 2015), thus filling institutional voids (Stough et al , 2015; Ramirez-Pasillas, 2017; Discua Cruz et al , 2018). The family, as a form of social support, can help bridge between human and financial capital, thereby making family entrepreneurship a distinctive new phenomenon in unstable economies (Danes et al , 2009: Parada et al , 2016; Ramirez-Pasillas, 2017) with its own methodological challenges (Kammerlander and De Massis, 2020).…”

Section: Literature Reviewmentioning

confidence: 99%

“…Some studies on these economies have focused on scaled-up entrepreneurship, which includes hiring outside the family, as an indicator of the success of an entrepreneurial business (Bruton et al , 2013). However, much less research has dealt with the intersection of entrepreneurship and family businesses specifically in transition economies (Dana and Ramadani, 2015; Discua Cruz et al , 2018) or the role families can play in driving entrepreneurship in challenging environments (De Massis and Foss, 2018; Estrada-Robles et al , 2020; Tretiakov et al , 2020).…”

Section: Introductionmentioning

confidence: 99%

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The emergence of family entrepreneurship in the transition economy of Cuba

Gimmon

Felzensztein

2021

IJOEM

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PurposeTo better understand the emergence of small-scale entrepreneurial firms in the under-researched transition economy of Cuba.Design/methodology/approachGiven the scarcity of reliable publicly available information and restrictions on private data collection in Cuba, in-depth interviews were conducted with a panel of small-scale entrepreneurs at three different points in time. Evolutions are analyzed over this period.FindingsFamily can overcome institutional constraints by helping the entrepreneur deal with market and social obstacles. Despite the absence of a supportive entrepreneurial ecosystem, these new entrepreneurs and their families have been able to transform longstanding passive attitudes into positive steps to set up new small-scale ventures in a country facing unprecedented internal and external challenges.Originality/valueA new conceptual model of family support for entrepreneurship in transition economies is presented. The findings lend weight to institutional theory on overcoming constraints in emerging markets and extend the theory of family entrepreneurship to new transition economies.

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Section: Literature Reviewmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

The emergence of family entrepreneurship in the transition economy of Cuba

Gimmon

Felzensztein

2021

IJOEM

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“…For instance, a newly entering family member can combine and extend existing owner-managers industry expertise, thereby adding value to both the family business and the customer (Alonso & Kok, 2021). Further studies highlighted the important role of strong family ties and respect (Discua Cruz et al, 2019; Engeset, 2020), but also the role of family members’ relationships with external stakeholders (Mzid, 2017; Mzid et al, 2019) as key factors in their ability to absorb shocks, implement collaborative strategies, and cope with disturbances, ensuring survival. Amaral and Da Rocha (2023) empirically revealed that the development of social capital (through constant contact with customers) was considered the most important resource for small businesses’ survival during prolonged disruptions.…”

Section: Unveiling the Distinctive Dimensions Of Family Business Resi...mentioning

confidence: 99%

Resilience in Family Businesses: A Systematic Literature Review

Yilmaz,

Raetze,

Groote

et al. 2024

Family Business Review

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Resilience attracts increasing attention across scientific domains, particularly in the context of family businesses, for which the ability to navigate adversity is pivotal for transgenerational success. This systematic literature review investigates 87 publications on organizational resilience in family businesses. Our analysis highlights four distinctive themes of family business resilience: (1) defining family business resilience, (2) long-term orientation and family values, (3) resource and capability endowments, and (4) demonstration of resilience and learning. We contribute to family business research by providing a novel framework and integrated definition, accompanied by a future research agenda.

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“…However, more recently, Hanson, Hessel, and Danes (2019) studied resilience across generations, and Alonso-Dos-Santos and Llanos-Contreras (2019) focused on the antecedents of business effectiveness after the disastrous events. Cruz, Basco, Parada, Fierro, and Alvarado-Alvarez (2019) concentrated on the resilience of groups of family companies in changeable and unpredictable economic conditions, arguing for taking into consideration the "family factor" (p. 344) in resilience. Campopiano, De Massis, and Kotlar (2019) emphasized the notion of family goals, and the role of innovative activity in studying the resilience of an organization.…”

Section: Literature Reviewmentioning

confidence: 99%

Organizational Resilience and Family Firm Performance: The Role of Socioemotional Wealth

Ingram¹,

Bratnicka-Myśliwiec²

2021

ERSJ

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Purpose:The objective of the article is to investigate the relationship between organizational resilience and family firm performance and the mediating role of socioemotional wealth. We take into account socio-emotional wealth as a triggering mechanism in the above-stated relationship. Design/Methodology/Approach: To test the main relationship of our paper we conducted empirical quantitative research on the sample of 193 Polish family businesses. Data were gathered in the summer of 2017. To verify hypotheses we used structural equation modelling with mediation tests in the MPlus statistical package. Findings: Drawing on the findings, we develop the notion of organizational resilience as an ambidextrous dynamic capability and conceptualize it as community robustness and creative agility. Our findings show that the increase in organizational resilience enhances the family firm performance and negatively affects all socioemotional wealth dimensions. Surprisingly, family business corporate governance negatively affects firm performance. It mediates the basic relationship of our study. Practical Implications: Our research proves that family business resilience is a dynamic capability enabling companies to reconcile robustness with agility. According to the research results, enhancing resilience within family business will foster firm performance. Therefore, managers and owners of family business should focus their attention on developing climate and the ability to reconcile the robustness of a company with its agility. Originality/Value: Our study contributes to the knowledge in the field by developing of the organizational resilience construct as an ambidextrous dynamic capability and propose how it can be assessed. In the we study show that family business resilience positively influences family firm performance, and socioemotional wealth mediates the relationship between both of the main constructs.

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Resilience and Family Business Groups in Unstable Economies

Cited by 12 publications

References 64 publications

The emergence of family entrepreneurship in the transition economy of Cuba

The emergence of family entrepreneurship in the transition economy of Cuba

Resilience in Family Businesses: A Systematic Literature Review

Organizational Resilience and Family Firm Performance: The Role of Socioemotional Wealth

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