The European Academy of Management with an ad-hoc Strategic Interest Group on “Family Business Research” aims to be the ideal opportunity to assess the conceptual development, empirical research, and future directions of the family business field within a broader community of European scholars of management. We envision this SIG as an international arena to attract contributions of both new scholars of the field and scholars from the established community in family business, that will provide new insights on topics that have received significant attention in the past, as well as we especially encourage scholars to undertake innovative papers and discussions of topics that have not received much attention but are important in the field.
GT 04_00 Family Business Research General Track
Family-owned firms are one of the foundations of the world’s business community. Their creation, growth and longevity are critical to the success of the global economy. During the past decade, although family business research is progressing in terms of theory building, it still lacks a systematic adoption of thorough and theoretically-based frameworks. To advance our field we welcome papers investigating one or several dimensions of family businesses, with multi-theoretical and level approach (e.g. management, entrepreneurship, finance, psychology, sociology, etc.) and cross-cultural research. We are particularly interested in advancing “Family Business” as an autonomous Research Field with contributions, which offer rigor to the Academia and relevance to owner-managers, practitioners and local communities.
FAMILY BUSINESS RESEARCH SIG STANDING TRACK
ST 04_01 Strategy and Innovation in Family Firms
The “Strategy and innovation in family firms” track aims to attract contributions which investigate, both theoretically and empirically, the impact of family influence, family business goals, socio-emotional values and family dynamics on innovation in general, open innovation in particular, strategy types and strategic renewal in family firms (FFs). The understanding of the interplay among the considered concepts and variables are especially welcomed.
We believe that investigation about family firms’ openness degree, its determinants and enabling context to foster innovation performance is particularly interesting and challenging as the “family variables”, mentioned above, could shape in an original way the openness setting.
FAMILY BUSINESS RESEARCH SIG TRACKS
T04_02 Family Entrepreneurship and Entrepreneurial Families
The track aims to attract contributions investigating the family as an actor that undertakes entrepreneurial activities; the activities that entrepreneurial families undertake in favor of their firms, and/or for the social or economic development of a wider context (e.g. the local community); the mindset and approach taken by the family as a collective actor or by individual family members. (Nordqvist and Melin, 2013). We solicit authors to submit empirical, conceptual, and literature review contributions. Adoption of various theoretical and methodological approaches (case studies, surveys, longitudinal studies, mixed) are welcomed as well as submissions by interdisciplinary, international and mixed industry-academic teams.
T04_03 Finance and Accounting in Family Businesses
This track is dedicated to the intersection of corporate finance, accounting and family business research and from related fields (e.g., financial economics, psychology, sociology, or organizational behavior). Quantitative papers that try to isolate causal effects or apply rigorous panel methods are highly welcomed. Qualitative papers, especially looking at behavioral side of finance are welcomed. Focus topics include, but are not limited to: valuation, accounting and auditing choices in family firms, earnings management, IPO, engineering finance, accruals, the effect of family or founder-influence on performance, causes and effects of ownership structure, and risk, executive compensation, dividend policies, financing decisions, financial literacy.
T04_04 Governance, Management and Growth in Family Businesses
Family firms are not all the same and major sources of heterogeneity stand in the extent to which family members occupy upper echelon positions and in the governance structure that such firms adopt to develop strategies, create value and pursuit growth. This track aims to eviscerate the specific characteristics of governance and management that make family firms a heterogeneous group. Explicitly, it pays particular attention to the impact of such characteristics on performance and, in particular, on growth. We welcome submissions from a variety of theoretical and methodological approaches.
T04_05 Identity, Marketing, Branding & Reputation in Family Firms
Family business researchers are increasingly interested in better understanding family firms’ behavior as they relate to marketing, branding, and perceptions about the firm. Family Firms are characterized by strong non-financial motivations/values and a strong desire to develop and maintain a positive corporate reputation. Because of their family influence, these firms may behave differently than their non-family counterparts, which may affect how stakeholders perceive them and their future intentions. This track explores how when and why the family system influences the behaviors and strategic choices of family firms and the people who work in them.
T04_06 Locality and Internationalization of Family Firms
Family firms are often torn between their local roots and their desire and need for growth and internationalization. This track seeks to understand, among different topics, how local growth and internationalization impacts both the family and the firm and to understand how family firms balance their identity and local character while venturing in the global marketplace. We challenge diverse perspectives and encourage multidisciplinary approaches to advance our understanding of the distinctive opportunities and challenges prompted by the duality between being deeply rooted in local communities, cultures, and networks while exploring new opportunities for expansion and entrepreneurship in the global marketplace.
T04_07 Values, Goals, Diversity and Ethics in Family Business
Family business research increasingly delves into investigating family business ethical behavior. Values stemming from the family and the business shape the way business ethics is conceived and managed in these organizations. In particular, family firms are characterized by strong non-financial motivations and values and a strong desire to develop and maintain a positive corporate reputation. Because of their family influence, these firms may behave differently than their non-family counterparts, which may affect how diversity and ethical issues are addressed in the family business context. This track explores the interplay between values, diversity and ethical behavior in family firms.