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Family businesses can be considered unique organizations due to the manifestation of two distinct logics in their environment: on the one hand, the family logic, which values the common good of the members, and on the other, the business logic, which aims at rationalization and obtaining profits. Research on this topic indicates that individuals in these organizations are subject to having their subjectivity hijacked, caused by the experience between the field of work and family, which leads, in a way, to the inability to separate attitudes from the two fields, with no clear division by the individual. The theory of action allowed us to understand organizations as a social field, taking into account the concepts of capital, habitus and illusio. This theoretical article aimed to comparatively discuss the foundations of the Bourdieusian theory of action and the analytical principles of the kidnapping of subjectivity by Faria and Meneghetti (2007), highlighting the possibility of applying them in research on family organizations. This article contributes to the understanding of family organizations as a social field that enables the constitution of a subject who is aware of their choices and knows how to deal with power games in the organizational space. [ABSTRACT FROM AUTHOR]

Purpose: Analyzing the effect of digitalization strategies and barriers to digital transformation (DT) on the use of technologies, in the Brazilian context, is necessary to broaden the understanding of topics in emerging economies. Thus, empirical research to evaluate and analyze aspects related to DT in small and medium-sized family businesses in an emerging economy is necessary, as it is a necessary strategic alternative in the current context. Design/methodology/approach: Using data from a survey conducted with 210 managers of Brazilian family businesses, the authors analyzed the positive cause and effect relationship between digitalization strategy and technology use. In addition, the authors seek to explore the moderating effect of barriers to digital development on the relationship between digitalization strategy and technology use. This analysis was conducted using the structural equation modeling technique, with the help of SmartPLS 4.0 software. Findings: The findings confirm the positive relationship between the implementation of digitalization strategies and technology usage in small family businesses, thereby contributing to the broader analysis of how small family businesses employ and define their digitalization strategies. Furthermore, the authors identified barriers that hinder the development and utilization of technology for digitalization purposes. Originality/value: This study fills gaps in empirical research by explaining the factors that drive barriers to DT in small family businesses. It contributes to advancing the understanding of digitalization strategies used by family SMEs and identifies the real strategic value opportunities that DT represents for businesses. [ABSTRACT FROM AUTHOR]

Copyright of Revista Foco (Interdisciplinary Studies Journal) is the property of Revista Foco and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Purpose: The purpose of this paper is to identify the differences between Hungarian family-owned businesses (FOBs) and non-family-owned businesses (NFOBs) concerning the elements of SME competitiveness and financial performance. Design/methodology/approach: The research covers the Hungarian data set of the Global Competitiveness Project (GCP, www.sme-gcp.org) of 738 (data collection between 2018 and 2020) non-listed SMEs, of which 328 were FOBs. The study uses the comprehensive, multidimensional competitiveness measurement of the GCP built on the resource-based view (RBV) and the configuration theory. Financial performance was captured with two composite indicators: short-term and long-term financial performance (LTFP). The comparative analysis between FOBs and NFOBs was conducted using binary logistic regression. Findings: The results show that FOBs are more prone to focusing on local niche markets with higher longevity and LTFP than NFOBs. However, FOBs have lower innovation intensity and less organised administrative procedures. The most contradicting finding is that the FOBs' higher LTFP is accompanied by significantly lower competitiveness than in the case of NFOBs. Originality/value: This study goes beyond other GCP studies by including composite financial performance measures among the variables examined. The combination of performance-causing (resources and capabilities) and performance-representing (financial performance) variables provides a better understanding of the non-listed SMEs in terms of family ownership. The results help academia to enrich the RBV-competitiveness, the non-listed SME management and finance literature, and policymakers to design business development and support schemes. They also show future entrepreneurs the impact of family ownership on entrepreneurial success. [ABSTRACT FROM AUTHOR]

Our study is the first to analyze the influence of CEO power and ownership structures on earning manipulation. This study also clarifies whether different ownership structures discourage powerful CEOs from manipulating earnings in family businesses. The sample data is a balanced panel with 985 observations of 116 family businesses in Vietnam from 2005 to 2020. We primarily employ the dynamic system Generalized Method of Moments with cross-sectional fixed effect to overcome endogeneity and heterogeneity issues. Our findings indicate the negative relationship between CEO power and earning manipulation. Higher state or institutional ownership restrains powerful CEOs from manipulating earnings in family businesses. However, Powerful CEOs in family businesses with higher participation of blockholders increase the earning manipulation. Our robustness results show that CEOs from 50 to 70 years old reduce earning manipulation the most in family businesses. Our findings support agency theory, stewardship theory, resource dependency theory, monitoring and accountability theory, legal framework theory, reputation theory, monitoring theory, Maslow's need hierarchy, and prior literature. Our study contributes practical policy and management implications to sustainably reduce earning manipulation in family businesses. [ABSTRACT FROM AUTHOR]

Purpose: This study explored the relationship between prosocial leadership, innovation capacity, and organizational performance in family businesses. Originality/value: The study presents a model resulting from the relationships between three theories in the context of family businesses. Studying prosocial leadership and innovation capacity enabled a systemic view of new perspectives that can better interpret the reality of family businesses. Regarding empirical and social contributions, we suggested lines of action for developing prosocial leaders and fostering innovation, thus contributing to organizational performance. Design/methodology/approach: The study had a quantitative approach with a descriptive nature, using the survey research method and statistical techniques for data analysis. The sample consisted of 502 professionals who hold leadership positions in member companies of the Association of Santa Catarina Distributors and Wholesalers. Findings: The hypotheses confirmed positive relationships between prosocial leadership and innovation capacity, prosocial leadership and organizational performance, and innovation capacity and organizational performance. We also state that innovation capacity partially moderates the relationship between prosocial leadership and performance. [ABSTRACT FROM AUTHOR]

This study examines how family-led small and medium-sized enterprises (SMEs) with little or no design experience are transforming into design-intensive firms. Extant research allows us to understand the distinct capabilities of design-intensive firms. This study defines the capabilities of new design leadership, including the unique capabilities of design-intensive firms, to assist SMEs in their transformation to design-intensive firms. Furthermore, this study empirically evaluates the influence of individual family CEOs' characteristics and industrial structural factors on the design leadership capabilities in family-led SMEs. The findings show that the efficiency of developing design leadership capabilities is influenced by the family CEO's awareness of traditional design identity, and designers assist family CEOs in building a new network with interpreters and managing their knowledge of sociocultural models. A family CEO's exploitation of traditional design identity and designers' exploration of design renewal must be managed as a portfolio to transform a traditional SME into a design-intensive firm. This study has critical implications for family-led SMEs as it emphasises the importance of passing on a firm's traditional design identity and design renewal as a portfolio to the next generation of CEOs for the firm to transform into a design-intensive firm. [ABSTRACT FROM AUTHOR]

Family businesses have distinct characteristics that differentiate them from other firms. Researchers must meticulously analyze issues, with a specific focus on the interplay of family business dynamics, considering this factor. The main objective of this research was to provide insight into the adverse effects of family companies, particularly how the power dynamics inside these organizations might enable corruption or fraud and how corporate governance can help in mitigating these phenomena. Specifically, family businesses can be investigated by considering unique characteristics such as ownership and control, generational dynamics, and corporate governance. To address the study topic, a bibliometric analysis was conducted using the R statistical programming language and the bibliometric tools Biblioshiny and VOSviewer. Data were obtained from the Scopus database and examined in documents. The lack of unbiased external evaluation, the ineffectiveness of internal audits, disputes between different generations, the dominance of family members, and the narrow extent of governance all contribute to the exacerbation of tensions that promote corruption inside family firms. Moreover, the findings indicate that CEO duality correlates with the occurrence of corruption and fraudulent activities, such as manipulating profits. Furthermore, the findings suggest a correlation between the qualities of the board and instances of corruption and bribery inside family firms. These factors also increase the probability of financial statement fraud. [ABSTRACT FROM AUTHOR]

Purpose: This study explores the roles of formal advisors (FAs) in the succession process of family firms and the factors that determine them. Design/methodology/approach: Data for this study were collected through interviews with 38 FAs, including lawyers, tax advisors, financial ad-visors and others. Findings: FAs play multiple roles simultaneously in succession processes (both internal and external), which the authors call role hybridity. Among them, the authors differentiated roles, such as educators, sherpas, initiators, experts, managers, consiglieres and protectors. Additionally, the authors demonstrated that the critical factors shaping these roles are trust, communication, human capital and willingness to take on the role. To explain the role hybridity phenomenon, the authors used stewardship theory's assumptions and formulated propositions for further research. Originality/value: This study provides insight into both internal and external succession processes from the perspective of various types of FAs. The authors indicate their roles and the factors that determine them. [ABSTRACT FROM AUTHOR]

The purpose of this study is to examine the relation between internationalization and firm sustainable performance on a set of listed Indian family firms belonging to mid‐cap and large cap categories and listed on NIFTY 500. This paper aims to explore the heterogeneity among internationalization and a set of defined variables, namely, female representation on the board, firm size, firm age, industry type, leverage, corporate social responsibility (CSR) and the number of female executives in influencing the firm performance. We aim to incorporate corporate governance, the factors influencing decisions related to it and gender diversity in understanding the relationship between internationalization and firm performance in the context of Indian family firms. The Generalized Method of Moments (GMM) and panel data regression models are both used in the study's empirical methodology. In order to examine the relationship between internationalization, as indicated by the percentage of foreign ownership, and family firm performance, as indicated by Return on Equity (ROE), the study uses the data from 2014 to 2023 for analysis, totaling 16,586 firm‐year observations. The findings indicate that internationalization, measured in this study by the investments the companies make abroad, positively affects the performance of the family firms. Age, women on board and number of female executives are seen to have positive associations with the performance of family firms. However, it is seen that firm size for family firms negatively impacts the performance while CSR and leverage seem to have no significant impact. [ABSTRACT FROM AUTHOR]

Copyright of Revista Foco (Interdisciplinary Studies Journal) is the property of Revista Foco and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

While the literature highlights the important role played by family values in family businesses, knowledge on the nature of these values is limited or close to non-existent from certain perspectives, notably an indigenous African family business perspective. Therefore, utilizing seven indigenous Black South African family businesses as case studies, our study seeks to identify the family value sets in the business-owning families using a qualitative design. The findings show that these families uphold and teach the next-generation (NextGen) four family value sets, namely moral and ethical, economic, spiritual and religious, and cultural values. The NextGen is expected to use these value sets as they navigate their lives in and outside the family. Our study contributes to theory by identifying, developing and providing detailed insights into the nature of family values from an indigenous Black South African business-owning family perspective, and our value classification framework potentially provides other researchers with a theoretical foundation to conduct further research. Business-owning families should uphold value sets that accommodate the needs of individual family members, entire business-owning families, and their respective cultures. We also believe that non-indigenous businesses need to understand the family value sets upheld by indigenous Black African businesses to engage with them appropriately and improve business relationships. [ABSTRACT FROM AUTHOR]

Family firms play a vital role in the global business landscape, significantly impacting their home countries GDP. These firms diverge from non-family counterparts in their internationalization strategies, yet they stand to gain substantial benefits from international expansion. Beyond economic considerations, family resources and values introduce non-economic factors that challenge traditional economic theories. This study leverages an institutional approach to illuminate the multifaceted influences shaping family firms' internationalization, encompassing positive and adverse dynamics. The integration of institutional theory marks a recent shift in understanding family firm internationalization, encompassing institutional and economic geography perspectives. To foster discourse and guide future research, this paper systematically reviews peer-reviewed articles covering over a decade, from 2010 to 2023. It identifies formal and informal institutional elements, alongside economic geography factors, that either facilitate or impede family firms' internationalization. This review underscores existing knowledge gaps at the nexus of institutional theory, economic geography, internationalization, and family business studies. Notably, the systematic literature review uncovered a limited corpus of only 41 articles, indicating the need for more research exploring the synergy between economic geography and institutional factors in the context of diverse internationalization strategies. Furthermore, the review highlights the underexplored terrain within social institutions and economic geography, revealing a notable gap in the extant research. [ABSTRACT FROM AUTHOR]

Copyright of Revista de Ciencias Sociales (13159518) is the property of Revista de Ciencias Sociales de la Universidad del Zulia Venezuela and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Businesses must develop appropriate organizational structures and working models to reduce costs and increase profitability. Under the conditions of rapid change, innovation and creativity are critical for business success. Traditional hierarchical and rigid organizational structures are unsuitable for the flexible working conditions of the post-pandemic period and need to be revised to adapt to newly created requirements. This study aims to answer the fundamental question of the importance of digital innovation for businesses in the postpandemic period. A qualitative research method was the basis for this case study. Data were collected from 15 family business managers operating in Sakarya (Turkey) through semi-structured interviews. The collected data were analyzed using the qualitative content analysis technique in the MAXQDA program. According to research findings, developing new organizational structures and business models based on digital innovation is necessary to ensure sustainability and cope with uncertainty in family businesses. This also supports the notion that organizational structures should adhere to organic and flexible arrangements and move away from rigid and mechanical systems. [ABSTRACT FROM AUTHOR]

Innovation is a trending topic in many disciplines but has a particular focus when it is studied in family businesses (FBs) due to their unique behavior in decision-making. Moreover, there is a gap in research on how these family businesses overcome economic crises by applying innovation. The main purpose of this paper is to provide empirical insight regarding this gap in an understudied sector, such as the Jewelry retail sector. This research was conducted in five cases, taken as examples of what these companies did, in terms of innovation, to overcome the COVID-19 crisis situation. This was considered sufficient, given the homogeneous structure of the sector and the exploratory nature of the research. The results revealed that different strategies caused them to obtain different results and clearly showed that FBs that used innovation during the crisis had better financial results. This paper contributes to the understanding of how FBs overcome economic crises by applying innovation. The implications for this type of business are also included. [ABSTRACT FROM AUTHOR]

The purpose of the research process was to assess the state of knowledge on the use of Industry 4.0 postulates in the context of Engineer 4.0 and Manager 4.0 competencies in family firms, identify research gaps and outline future research directions. We conducted a systematic literature review of 21 articles from the Scopus database that relate to the topic of Industry 4.0 and Engineer 4.0 and Manager 4.0 in family firms. To identify the state of the art, keyword co-occurrence analysis using VosViewer software was used as an analytical tool. We identified the most influential journals and subject areas. The study allowed us to identify consistent clusters that show a wide variety of topics in the discussion of the mentioned topic. The results showed a wide dispersion of research interests and the lack of a single, in-depth or dominant research area dealing with the phenomenon worldwide. We recommend further research on family businesses and Industry 4.0. In addition, the lack of comparative research on family and non-family businesses should be addressed. Contribution and added value: Our systematic literature review systematizes the existing literature on Industry 4.0 in family firms, isolates key research interests, identifies future research directions and provides important insights for researchers. [ABSTRACT FROM AUTHOR]

Copyright of Zeitschrift für Unternehmensgeschichte is the property of De Gruyter and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Hacettepe University Journal of Economics & Administrative Sciences / Hacettepe Üniversitesi Iktisadi ve Idari Bilimler Fakültesi Dergisi is the property of Hacettepe University, Faculty of Economic & Administrative Sciences and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Theoretical background: The family enterprises are regarded as the backbone of every economy. In Poland, it is estimated that more than 60% of small and medium-sized enterprises are family businesses. Taking into account the particularities of the Polish economy in connection with the period of political transformation after 1989, the majority of family firms are in the hands of the founding families respectively the first generation. The question of the succession process is of great importance for all family companies, but especially for Polish family businesses, since in the former communist system no private property could be passed on to future generations. The Polish entrepreneurial families therefore do not have enough practical succession experience. Moreover, the Polish society is still characterized by a conservative world view or female view, which means that the majority of entrepreneurs choose the eldest son as their potential successor. Purpose of the article: The aim of the study is to present the history of daughters successors in Polish family businesses in institutional context of transforming economy. The research follows the qualitative paradigm to find context sensitive data on female successors in family businesses in Poland. Research methods: The research was designed and conducted according to the qualitative paradigm as this is the best way to understand the social realities of the actors involved. The research material was collected through semi-structured interviews with three daughters-successors in Polish family firms. The authors conducted with each female successor two interviews – a total of six interviews. The interviews last on average 1.5 hours. The longest last 2.5 hours. The interviews took place at the companies’ headquarters. The interviewed persons were women from family-owned businesses. Main findings: Taking into account the data collected, it can be assumed that the education of the next generation in the entrepreneurial families has a direct influence on the probability of a takeover. The study indirectly showed that society’s attitude towards working women in Poland has changed. This survey can make an important contribution to the understanding of the dynamics that prevail in Polish family-run companies. These findings can in turn help to develop recommendations or guidelines for those business in the succession process.

This study identifies evidence of the influence of diversification and leverage on the financial performance of Brazilian and Mexican family businesses. It analyzes 102 Brazilian and 71 Mexican publicly traded family companies. Data analysis uses ordinary least squares regression in Stata. The results indicate that Brazilian family businesses have a higher return on assets when diversifying their products or services. When diversifying international markets, Brazilian companies present a lower return on assets and return on equity. For Mexican companies, international diversification derives a higher return on assets and return on equity. In addition, results show that leverage moderates the relationship between diversification and performance both for Brazilian and Mexican family businesses. The study contributes to the current literature by investigating that diversification improves business performance and that leverage is a significant element in intensifying the benefits of this strategy in the performance of family businesses. The study also emphasizes that diversification can be useful to address market difficulties and imperfections in unstable scenarios, such as when it is targeted to planned performance and considers financial conservatism in family companies.

Purpose: The purpose of the paper is to analyse diverse definitional approaches to family firms emphasising various aspects related to this form of business. Additionally, the underlying idea and specific characteristics of family businesses are presented, including the role played by these businesses in modern Polish economy. Design/methodology/approach: The theoretical approach adopted is based on an analysis of primary and secondary sources and a review of literature on the subject. The paper uses the desk research method. Findings: In view of an analysis of the available literature on family firms, it should be noted that, in spite of the efforts made in this regard, a uniform, universally accepted definition of a family business is yet to be formulated. While definitional approaches differ, there is one attribute common to all approaches – the fact that a family firm is managed by members of a single family. Family firms play a key role in creating a stable and sustainable economy, in terms of both employment and their ability to attract investors, which distinguishes them from non-family businesses. The combination of family and business aspects shapes the specific conditions in which these businesses operate, with an emphasis on mutual trust and the long-term perspective of running a business over generations. Originality/value: The present study contributes valuable insights to the discussion on defining family firms by showing their specific characteristics and emphasising the important role they play in modern economy. [ABSTRACT FROM AUTHOR]

Family-origin companies have a fundamental importance in the business fabric and significantly contribute to the Colombian national economy. However, the present study aims to understand the characterization of Corporate Governance in family businesses in the city of Barranquilla. This research establishes the scope of characterizing Corporate Governance in family businesses in Barranquilla. For this purpose, a descriptive methodology is constructed and framed within exploratory information analysis through cluster analysis and Principal Component Analysis. As relevant findings of the research, three profiles were identified in the study population with a Silhouette indicator of 0.496: the first profile has room for improvement in all dimensions due to low consolidation compared to the other profiles; the second profile has strength in good governance and selection policy but opportunities for improvement in other variables; and finally, the third profile has strength in all dimensions. These family businesses must define roles and apply Corporate Governance to achieve stability and understanding of subsystems, impacting the economy and family cohesion. [ABSTRACT FROM AUTHOR]

Copyright of Cuestiones Políticas is the property of Revista Cuestiones Politicas and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Signos is the property of Universidad Santo Tomas and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Family business is distinguished from the traditional business model by the specificity of relationships, family ties, a sense of stability, continuity, responsibility and mutual trust of family members. Although the aim of family business is undoubtedly to carry out business activities in accordance with the Commercial Code, the family business also aims, among other things, to strengthen family values and to implement the principles of sustainable family business. In a broader context, the scientific study analyses the conditions for the implementation of the family business model, highlighting the implementation of the principles of sustainability in specific family businesses in Slovakia. The contribution of the scientific study to the theory and practice of management is to highlight the implementation of the principles of sustainable family business, which creates a unique organizational culture, and commitment to the local community and the introduction of modern technologies in the framework of innovation in family businesses, especially with regard to environmental protection. [ABSTRACT FROM AUTHOR]

Copyright of Revista de Administração FACES Journal is the property of Revista de Administracao FACES Journal and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

This article discusses the importance of developing essential teaching skills for the successful management of family businesses in higher education, based on a study conducted in Mexican universities. The research highlights the key competencies needed for managing family businesses, including communication, leadership, problem-solving, teamwork, financial management, human resources, marketing, sales, innovation, and entrepreneurship. The article emphasizes the need for specialized programs in higher education institutions to train future leaders in family businesses and highlights the role of universities in supporting family entrepreneurship through resources, understanding, financial support, mentoring, and training. The study concludes that teaching competencies are crucial for managing family businesses and recommends further training and support for teachers in this area. [Extracted from the article]

Prior literature of family business reflects a relation between the decision-making process and performance, but how the decision making is linked with the organizational and attitudinal factors has yet not been explored deeply. A sincere and dedicated effort has been made to undertake exhaustive review to comprehend the relationship between family businesses, leadership styles, and strategic decision-making, especially by covering the attitudinal factors along with organizational factors. The primary aim is to create a framework showing the linkages between organizational and attitudinal factors with leadership style and also to indicate how leadership style through strategic decision-making influences business performance in family businesses. The framework is then validated through empirical data related with family business. A validated model is helpful for both academia and practitioners. The results reflect how family businesses are digressing from the traditional dominant autocratic style towards the transformational leadership style. Adding of attitudinal factors along with organizational factors has helped to explain the present shift. The designed framework can be used to analyze the impact of different organizational and attitudinal factors affecting different leadership styles and performance measure outcomes. The results reflect dominance of attitudinal factors in comparison to organizational factors in both autocratic as well as transformational leadership style. The results support that transformational leadership style through mediation of strategic decision-making influences business performance significantly. These findings will help in making family business leaders aware of the influence of their leadership style through strategic decision-making on business performance. [ABSTRACT FROM AUTHOR]

Copyright of GeSec: Revista de Gestao e Secretariado is the property of Sindicato das Secretarias e Secretarios do Estado de Sao Paulo (SINSESP) and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

This study identifies evidence of the influence of diversification and leverage on the financial performance of Brazilian and Mexican family businesses. It analyzes 102 Brazilian and 71 Mexican publicly traded family companies. Data analysis uses ordinary least squares regression in Stata. The results indicate that Brazilian family businesses have a higher return on assets when diversifying their products or services. When diversifying international markets, Brazilian companies present a lower return on assets and return on equity. For Mexican companies, international diversification derives a higher return on assets and return on equity. In addition, results show that leverage moderates the relationship between diversification and performance both for Brazilian and Mexican family businesses. The study contributes to the current literature by investigating that diversification improves business performance and that leverage is a significant element in intensifying the benefits of this strategy in the performance of family businesses. The study also emphasizes that diversification can be useful to address market difficulties and imperfections in unstable scenarios, such as when it is targeted to planned performance and considers financial conservatism in family companies. [ABSTRACT FROM AUTHOR]

This study aims to identify the support practices that enable a successful family business succession process. Using 17 small- and medium-sized family businesses, the authors attempt to analyse the specifics of family business succession processes and identify the support practices appropriate to each phase of the process. The results show that advice and consultation are necessary during the pre-family business succession phase. Furthermore, the results reveal that training is needed to acquire and update knowledge and information during the family business succession phase. Finally, the results confirm that mentoring can ensure social and cognitive transfer in the post-family business succession process. This paper presents a theoretical innovation, as it is the first research study to attempt to understand how supportive practices can contribute to the success of the succession process. [ABSTRACT FROM AUTHOR]

Given the ubiquity of family businesses and the growing importance of ecological sustainability, it is crucial to promote family businesses to carry out green innovation activities and enhance their green innovation capability. In recent years, the prevalence of common institutional ownership in capital markets has attracted the attention of the academic community. Drawing on socioemotional wealth theory and strategic reference point theory, this paper tries to explore the impact of common institutional ownership on green innovation in family businesses. Using data from Chinese‐listed family businesses from 2009 to 2021, this paper finds that common institutional ownership can facilitate green innovation in family businesses. The higher the degree of their linkage and the greater the shareholding, the more pronounced the synergistic effect. The findings remained valid after considering the endogeneity issue and conducting robustness tests. The mechanism test suggests that common institutional ownership enhances green innovation in family businesses by improving the internal control quality and reducing financing constraints. This paper contributes to the study of how to effectively facilitate green innovation in family businesses by identifying the common institutional ownership from the perspective of external governance mechanisms. In addition, this paper enriches the research on the economic consequences of common institutional ownership. Finally, various practical implications for family businesses and policymakers may be realized, which may help family businesses to enhance their green innovation capabilities and contribute to the green transformation of society. [ABSTRACT FROM AUTHOR]

Copyright of GeSec: Revista de Gestao e Secretariado is the property of Sindicato das Secretarias e Secretarios do Estado de Sao Paulo (SINSESP) and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Purpose - The aim of this paper is to verify whether the "family entrepreneurship" model is an important development opportunity for Croatian tourism and whether family businesses, with their innovative approach to designing a tourist product, change the trends in the tourist market and whether they promote the differentiation of Croatian tourism on the global tourist market. Methodology - The paper examines the readiness of family businesses to present changing trends on the global tourism market through positive examples of innovative solutions of family businesses that contribute to the new direction of Croatian tourism, towards sustainable development. By comparing the performance of family businesses and tourism results at the national level, knowledge is gained about the contribution of family businesses in Croatian tourism. Findings - The results of the research indicated that family businesses contribute to the recognition of Croatia on the tourist market as a sustainable tourism destination with their innovative tourism products. Contribution - The conducted research can be the basis for further research on family businesses in the Republic of Croatia. Contributes to new knowledge about family entrepreneurship in tourism in the Republic of Croatia. [ABSTRACT FROM AUTHOR]