Defining family business efficacy: An exploratory study

Kayid, Wejdan AL; Jin, Zhongqi; Priporas, Constantinos‐Vasilios; Ramakrishnan, Sumeetra

doi:10.1016/j.jbusres.2021.11.081

Cited by 10 publications

(6 citation statements)

References 107 publications

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“…Furthermore, self-efficacy positively influences both sensing and reconfiguring capabilities. Consistent with previous research, 67 this study confirmed that high self-efficacy fosters proactive and conscious engagement in activities that demand exploratory effort and an effective response to the environment. In addition to predicting task-related effort and performance, employee self-efficacy also facilitates the promotion of organizational citizenship behavior.…”

Section: Discussionsupporting

confidence: 91%

Linking Frontline Employee Self-Efficacy to Customers Service Performance in Healthcare Industry: A Dynamic Capability Perspective

Li,

Liu,

Xia

et al. 2023

RMHP

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Purpose In the complex and rapidly changing healthcare environment, the dynamic capabilities of frontline employees (FLEs) to integrate resources and adapt to environmental changes are crucial. This study aims to investigate the relationship between FLEs’ self-efficacy, dynamic capabilities (including sensing capability and reconfiguring capability), and their impact on service performance. Methods Data were collected from a matched sample of 123 doctors and 762 corresponding consumers from two medical aesthetic hospitals in China. SPSS and SmartPLS are used to test the proposed model. Results The findings indicate that FLEs’ self-efficacy positively influences their service performance through the mediation of dynamic capabilities. Moreover, while the direct impact of FLEs’ sensing capabilities on service performance was found to be insignificant, it was observed that these capabilities indirectly affect service performance through reconfiguring capabilities. Conclusion This study presents theories and arguments on the role of self-efficacy and dynamic capabilities in improving service performance. These findings contribute to a deeper understanding of how FLEs cultivate the dynamic capability of resource integration, offering valuable insights for the attainment of sustainable competitive advantages.

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Section: Discussionsupporting

confidence: 91%

Linking Frontline Employee Self-Efficacy to Customers Service Performance in Healthcare Industry: A Dynamic Capability Perspective

Li,

Liu,

Xia

et al. 2023

RMHP

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“…It may happen because having high self-confidence in managing individuals who are not their family, the next-generation members may feel that they can achieve success in the employment or entrepreneurial career outside the family business. This specific result extends prior discussions on family business self-efficacy (see Ferrari, 2021; Kayid et al. , 2022).…”

Section: Contributions Limitations and Recommendationssupporting

confidence: 85%

The mediating effect of family business self-efficacy on parental support and succession intention relationship

Suhartanto¹

2022

JFBM

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PurposeDrawing on the social cognitive theory, this research examines the relationship of perceived parental support factors and the next-generation succession intention in the family business regarding the mediating effect of family business self-efficacy factors.Design/methodology/approachThis study uses the structural equation modelling method to analyse 16,521 cases from the global university entrepreneurial students' spirit survey (GUESSS) 2018 project.FindingsThis study provides evidence that parental support can influence the family business self-efficacy of the next-generation members, leading to succession intention of the family business. However, having high self-efficacy towards non-family members does not necessarily increase next-generation members' intention to engage in family business succession.Research limitations/implicationsThis research lacks information about the next-generation's perception of parental psychological control, which is needed to examine the model of next-generation engagement more comprehensively in the family business.Originality/valueAttempting to complement the family business literature, this study provides evidence about the determinants of next-generation members' succession intention and extends prior discussions on family business self-efficacy.

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“…More than 80% of businesses worldwide are family-owned (Baltazar et al, 2023;Kayid et al, 2022), including retail stores, small and medium-sized enterprises, and multinational corporations like BMW, Ford, Walmart, Samsung, Toyota, Wal-Mart Stores, and Hyundai. Despite their historical importance (Browne et al, 2020;Spielmann et al, 2021) and global economic contribution (Jiang et al, 2020), family firms are defined differently across countries by cultural norms, historical trends, economic conditions, and sociological variables (Gwenzi, 2020;Rovelli et al, 2022;).…”

Section: Family-owned Firm Definedmentioning

confidence: 99%

Socioemotional Wealth and Financial Performance of Single-Family-Owned Food Processing Firms: Evidence from Tanzania

Lubawa,

Raphael

2023

Colombo Bus. J

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This study assessed how Socioemotional Wealth (SEW) influences the financial performance of single-family-owned firms in the same industry. Previous research on family firms has yielded conflicting results. Thus, this study fills a gap. Data is collected from firms' owners using a structured questionnaire. Family continuity, family prominence, and family enrichment are used to measure the SEW. The financial performance was subjectively assessed. Multiple regression analysis is used to examine the data obtained from 267 firms. The findings suggest that the three dimensions of SEW - family continuity, family enrichment and family prominence - significantly influence single-family-owned firms' financial performance (p = 0.00). This study adds context-specific insights, empirical facts, and a deeper understanding of family-owned firms' subjective financial performance to the SEW development literature—the discipline of SEW theory and its application benefit from its research and practice implications. Future research should examine how firm culture affects SEW-financial performance ties by employing a larger sample.

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Defining family business efficacy: An exploratory study

Cited by 10 publications

References 107 publications

Linking Frontline Employee Self-Efficacy to Customers Service Performance in Healthcare Industry: A Dynamic Capability Perspective

Linking Frontline Employee Self-Efficacy to Customers Service Performance in Healthcare Industry: A Dynamic Capability Perspective

The mediating effect of family business self-efficacy on parental support and succession intention relationship

Socioemotional Wealth and Financial Performance of Single-Family-Owned Food Processing Firms: Evidence from Tanzania

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