The role of context understanding South Asian family firms in Scotland and the succession paradox

Seaman, Claire; Bent, Richard; Unis, Ashley

doi:10.1504/ijmp.2016.079619

Cited by 6 publications

(5 citation statements)

References 40 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Further, the multiple rationalities of the family, business and friendship networks that coexist in families in business (Seaman et al, 2014(Seaman et al, , 2015 contribute to the context in which local economic development activity takes place (Seaman et al, 2016). This paper analyses the relationships between three types of social networks, i.e.…”

Section: Social Networking In Business Families In a Local Economy Inmentioning

confidence: 99%

“…However, the focus of most research on social networks has been on individual business entrepreneurs and with little research on the forms of networks that exist in families that are involved in one or more businesses. Further, the multiple rationalities of the family, business and friendship networks that coexist in families in business (Seaman et al., 2014, 2015) contribute to the context in which local economic development activity takes place (Seaman et al., 2016). This paper analyses the relationships between three types of social networks, i.e.…”

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Social networking in family businesses in a local economy

Seaman

McQuaid

Pearson

2017

Local Economy: The Journal of the Local Economy Policy Unit

Self Cite

View full text Add to dashboard Cite

Small, family owned businesses make considerable contributions to local economies. The importance of social networks to their development is also well established. This paper explores the different types of distinct, but interlocking, social networks of a rural business family, focussing upon the interaction between family, business and friendship networks. It presents a multi-rational logic framework to consider how the differing logics of each of these network influences the development and behaviour of family businesses. The changes in networks over time and between generations of the family are also analysed and gaps or structural holes within the networks identified. Implications for research and policy are then set out.

show abstract

Section: Social Networking In Business Families In a Local Economy Inmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Social networking in family businesses in a local economy

Seaman

McQuaid

Pearson

2017

Local Economy: The Journal of the Local Economy Policy Unit

Self Cite

View full text Add to dashboard Cite

show abstract

Section: Introductionmentioning

confidence: 99%

“…As such, we examine corporate governance systems of Family-owned Businesses (FOBs) in Ghana. FOBs are recognised as the world's oldest and most common business organisations across the globe (Arteaga and Escrib a-Esteve, 2020;Seaman et al, 2016). Global statistics indicate that between 70 and 80% of companies worldwide are FOBs (Agrawal and Bhavani, 2021;Rahman et al, 2017).…”

Section: Introductionmentioning

confidence: 99%

Blending traditionalism with legalism: a typology of understanding corporate governance systems in Ghanaian Family-owned businesses (FOBs) from a Bourdieusian perspective

Agyenim‐Boateng

Iddrisu

Otieku

2022

JFBM

View full text Add to dashboard Cite

PurposeThis paper aims to examine the nature of corporate governance systems in Ghanaian Family-owned Businesses (FOBs). Specifically, the study investigates the nature of boardroom decisions structures, sources of governance regulations and family roles in corporate governance.Design/methodology/approachDrawing on Bourdieusian perspectives of the field, capital, habitus and doxa, a case study design is used to gather detailed insights about the phenomena. Purposively, the study conducts 20 interviews with participants from 15 FOBs in Ghana. The interview data are complemented with secondary sources, such as FOB handbooks, website information, legal documents and scriptures. Subsequently, data gathered were thematically analysed.FindingsThe study finds that human actors blended traditionally tacit and legally expressed boardroom decisions structures in FOBs governance. Again, traditional values, social acceptance of religious sociology and regulatory frameworks of the field dictate corporate governance practices in FOBs. In multiple family ownerships, orthodoxy of doxa is challenged; hence, power struggles and family roles in governance depend on capital possessed by social actors.Practical implicationsTo continue as a going concern, FOBs must be mindful of traditional, religious sociology of family and regulatory frameworks within the field in which they operate. This is because, without this, the going concern of FOBs becomes suspicious and highly unlikely, especially where there are multiple family ownership and generations.Originality/valueThe previous literature predominantly focussed on formal boardroom structures in addressing FOBs' corporate governance issues. Notwithstanding, family governance risk of domineering and distrust associated with traditional and relational governance mechanisms remain under-represented and inconclusive, especially in Sub-Saharan Africa.

show abstract

“…When explaining differences in behavior and decisions between family and non-family businesses (Yu et al , 2012), family business research focuses disproportionately on analyzing the family in terms of relationships to the business side, neglecting the family related side (Soleimanof et al ., 2018) and on the joint interaction between business and family (Kantor, 1989). Important external influences on the families themselves and through them on the family business, such as the social networks of family members, including community- or religious-based relationships are also relatively neglected (Fletcher, 2002; Seaman et al , 2016; Yan and Sorenson, 2006).…”

Section: Introductionmentioning

confidence: 99%

Integrating family, friendship and business networks in family firms

McQuaid

Seaman

2021

JFBM

Self Cite

View full text Add to dashboard Cite

PurposeThis paper considers the multiple social networks of small family businesses and the dynamic interactions between them. It analyses family, friendship and business networks and the way additional ties within the networks become visible when they are considered together rather than separately.Design/methodology/approachSemi-structured interviews of thirteen family-owned and managed businesses are used to establish the patterns of networking. A detailed case study is then presented, allowing a deeper qualitative analysis of the interaction of different types of networks.FindingsThe findings explore multiple rationalities employed in the networking of family businesses and how different aspects of their individual family, friendship and business networks contribute to business development.Research limitations/implicationsThe paper suggests that a multi-rational theoretical perspective of the family, rather than a solely business-related perspective, deepens the understanding of the dynamics of family businesses behavior and that different types of businesses may be influenced to varying degrees by different rationalities.Practical implicationsBusiness networking tends to be deliberately encouraged by business support agencies, often via the deliberate development of events. A deeper understanding of the manner in which small businesses use and develop networks would enhance the direction and effectiveness of such investment.Social implicationsFamily businesses, especially micro- small- and SME businesses, are often integral to the communities in which they are based. By viewing family businesses within their social space, we acknowledge the importance of the community around them and the integrated nature of family, business and community in rural areas.Originality/valueThe value of this research lies in the proposition that smaller businesses in rural areas are often surrounded by the inter-woven networks of family, business and community.

show abstract

The role of context understanding South Asian family firms in Scotland and the succession paradox

Cited by 6 publications

References 40 publications

Social networking in family businesses in a local economy

Social networking in family businesses in a local economy

Blending traditionalism with legalism: a typology of understanding corporate governance systems in Ghanaian Family-owned businesses (FOBs) from a Bourdieusian perspective

Integrating family, friendship and business networks in family firms

Contact Info

Product

Resources

About