The hidden role of owners' spouses in family firm innovativeness: a dynamic managerial capabilities perspective

Gerulaitiene, Neringa; Pundzienė, Asta; Vaičiukynaitė, Eglė

doi:10.1108/bjm-01-2020-0021

Cited by 13 publications

(10 citation statements)

References 53 publications

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“…The findings show that family business governance has a significant positive effect on organizational innovation in family firms operating in Yemen. The findings are supported by prior studies (Dieleman, 2019;Frank et al, 2019;Gerulaitiene, Pundziene, & Vaiciukynaite, 2020;Matzler et al, 2015;Memili et al, 2016). On the other hand, the results concerning the non-significant impact of family constitution on organizational innovation in family firms can be argued to exist due to the very few numbers of family firms in Yemen that have developed family constitutions.…”

Section: Discussionsupporting

confidence: 81%

The Impact of Family Business Governance on Organizational Innovation: A Field Study at Family Firms Operating in Yemen

Al-Nashmi

Aldeen

2022

J Soci Stu

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This study aims to investigate the impact of family business governance (FBG) on organizational innovation (OIN) in family firms operating in Yemen. The study collected data from 219 family firms, and employed PLS-SEM to test the hypotheses and validate the study model. The results provide evidence of the influence of FBG on OIN in family firms, and that the application of FBG practices promotes better results at the organizational level seen as product innovation and process innovation. The results show that there are significant differences in organizational innovation that can be attributed to the size of the firm, while no differences are found to be attributed to the generation in charge. These findings provide a better understanding of the innovativeness in family firms with respect to the different roles of formal and informal governance structures, and may help business families to develop more effective governance structures out of which more active stewards with more innovative ideas can help trigger better organizational innovation. This paper attempts to update the current knowledge concerning inconsistency of findings in prior studies, and so contributes in updating research opportunities with respect to heterogeneity in family firms.

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Section: Discussionsupporting

confidence: 81%

The Impact of Family Business Governance on Organizational Innovation: A Field Study at Family Firms Operating in Yemen

Al-Nashmi

Aldeen

2022

J Soci Stu

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“…Nevertheless, there is a gap in the understanding of how firms can attain innovativeness and strategic flexibility (Gerulaitiene et al, 2020). Previous research suggests that employees may represent a basic pillar for the development of innovativeness and strategic flexibility (Katou, 2021).…”

Section: Emjb 182 296mentioning

confidence: 99%

Talent development: a driver for strategic flexibility, innovativeness and financial performance

Kafetzopoulos

2022

EMJB

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PurposeThe purpose of this study is to build a theory presenting talent development as a driver for innovativeness and strategic flexibility, and how these organizational capabilities affect financial performance.Design/methodology/approachAs a methodological approach, this study uses a rich combination of literature review and exploratory interviews with managers and academicians. Moreover, a conceptual framework is tested by confirmatory factor analysis and finally structural equation modelling using the survey data from 462 Greek firms.FindingsThe results show the positive effect of talent development on strategic flexibility and innovativeness. Moreover, strategic flexibility is an influential firm capability for innovativeness and financial performance. This study also reveals the significance of innovativeness on financial performance.Research limitations/implicationsThis study explores talent development and two certain organizational capabilities, but many other topics that affect business performance remain unexplored. The role of environmental characteristics could also be examined as a moderator in the proposed relationships.Practical implicationsThis study offers clear implications for managers, proving that talent development is a major driving force behind strategic flexibility, innovativeness and financial performance in order for managers to allocate resources, and to develop and execute these capabilities as an integral part of business strategy.Originality/valueThis empirical study contributes to the literature by developing a research conceptual framework of three underdeveloped firm capabilities, investigating and explaining both their correlations and dynamic nature and their role in financial performance improvement.

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“…In addition, our research has made important contributions to family firm literature by providing new knowledge of family firm heterogeneity from the perspective of stock pledges. Early studies have explored the heterogeneity of family firms from equity involvement, management involvement and governance involvement (Banalieva et al, 2015;Tsao et al, 2019;Gerulaitiene et al, 2020). On the basis of these studies, our research shows that equity pledge behavior is also an important aspect that causes family firms to take different strategic actions.…”

Section: Research Contributionsmentioning

confidence: 84%

“…Family firms are an organizational structure that exists throughout the world (Gerulaitiene et al, 2020). In particular, there are crucial differences between how family and nonfamily firms make strategic decisions.…”

Section: Additional Testsmentioning

confidence: 99%

Controlling shareholders' stock pledges and strategic change: the moderating effects of corporate governance

Zhong

Peng

2021

BJM

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PurposeThe authors analyze the effects of controlling shareholders' stock pledging on firms' strategic change behavior, and investigate how the balance of power between shareholders and analyst coverage moderates those effects.Design/methodology/approachEmploying fixed effects models, the authors test hypotheses based on Chinese listed company data from 2011 to 2017.FindingsControlling shareholders' stock pledges has a negative effect on strategic change. As the balance of power among shareholders and/or analyst coverage increases, it mitigates the effect of controlling shareholder stock pledges on strategic change. In particular, the balance of power between shareholders and analyst coverage weakened the relationship between controlling shareholder stock pledges and strategic change. Lastly, after distinguishing family from nonfamily firms, the authors discovered that these findings only held for family firms.Originality/valueThis study makes important contributions to strategic change, stock pledge and family firm literature, and also provides guidance on firms' strategic change practices.

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The hidden role of owners' spouses in family firm innovativeness: a dynamic managerial capabilities perspective

Cited by 13 publications

References 53 publications

The Impact of Family Business Governance on Organizational Innovation: A Field Study at Family Firms Operating in Yemen

The Impact of Family Business Governance on Organizational Innovation: A Field Study at Family Firms Operating in Yemen

Talent development: a driver for strategic flexibility, innovativeness and financial performance

Controlling shareholders' stock pledges and strategic change: the moderating effects of corporate governance

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