Family firms and their participation in cross-border acquisition waves: evidence from India

Fuad, Mohammad; Thakur, Vinod; Sinha, Ashutosh Kumar

doi:10.1108/ccsm-05-2020-0107

Cited by 10 publications

(3 citation statements)

References 104 publications

(292 reference statements)

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“…Dissemination of corporate social responsibility (CSR) helps to moderate the effect of family ownership on investment efficiency, reflecting the care family firms take when investing (Erawati et al ., 2021; Fuad et al ., 2021). To maintain SEW, they tend to choose a strategy of under-investment with a greater priority placed on the prestige and good reputation of their families and dynasties than merely generating economic wealth.…”

Section: Thematic Groupsmentioning

confidence: 99%

The socioemotional wealth of leaders in family firm succession and corporate governance processes: a systematic literature review

Marques

Leitão²,

Ferreira³

et al. 2023

IJEBR

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PurposeAdopting the research concept of socioemotional wealth (SEW) as applied to family firm leaders, this study aims to analyse the literature on succession and corporate governance processes in family firms in keeping with this still developing concept and thereby not only contributing to advancing knowledge on this field but also proposing a conceptual model of analysis and a future research agenda.Design/methodology/approachThe authors carried out a review and systematisation of the literature according to its different thematic groups through recourse to VOSviewer software and content analysis to establish a systematised and integrated structure of the reference literature based on a sample of 218 studies published and indexed on the Web of Science and SCOPUS databases between 2010 and 2021.FindingsThe results portray five leading clusters, specifically, (1) SEW and family firm performance; (2) SEW and the focus on leadership as a precursor to succession; (3) family firms, SEW and corporate social governance; (4) family firm innovation and performance; and (5) family ownership and management. The authors then put forward a conceptual model of analysis both to better integrate these topics and as a proposition for application in future research projects.Originality/valueThe study provides a new and solid systematisation of the literature and supports the argument that family firms concentrating on developing the leader's SEW increase the probability of structuring a successful succession process as well as the likelihood of achieving higher quality corporate governance.

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Section: Thematic Groupsmentioning

confidence: 99%

The socioemotional wealth of leaders in family firm succession and corporate governance processes: a systematic literature review

Marques

Leitão²,

Ferreira³

et al. 2023

IJEBR

View full text Add to dashboard Cite

show abstract

“…Firm owners choose SEW protection over poor performance outcomes (Berrone et al, 2010;Gomez-Mejía et al, 2007). Thus, the SEW affects family business innovation, investment, internationalisation, acquisition, and performance (Fuad et al, 2021;Jain et al, 2022;Mariotti et al, 2020;Zhong et al, 2022;Zona et al, 2022).…”

Section: Hypothesis Developmentmentioning

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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“…According to these contributions, the attitude of FFs toward acquisitions is controversial. While some studies suggest that international acquisitions are more attractive to FFs because of benefits of risk diversification and loose-coupling (Haider et al, 2021); others find a U-shaped relationship between family block holding of voting rights and the relative size of international acquisitions (Chen et al, 2021); still others indicate that FFs are less likely to make a cross-border acquisition than nonfamily counterparts (Ossorio, 2019), especially during "waves" of cross-border acquisitions characterized by higher risk and uncertainty (Fuad et al, 2021a(Fuad et al, , 2021b. Moreover, different forms of ownership structures (Geppert et al, 2013) and ownership similarities between the acquiring and the acquired firms (Bettinazzi et al, 2020) also influence the likelihood of an acquisition.…”

Section: Family Firms and The Establishment Modesmentioning

confidence: 99%

Family firms and international equity-based entry modes: a systematic literature review

Maggi

Pongelli

Sciascia

2022

MBR

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Purpose Although research on family firms (FF) internationalization has seen a boom over the past 30 years, the understanding of how FFs internationalize with equity modes is still fragmented. Indeed, the majority of extant literature on this topic identifies internationalization with export, overlooking the alternative equity-based entry modes FFs have when entering a foreign country. The purpose of this paper is to fill this gap with a framework-based systematic literature review on the topic to improve the understanding of this phenomenon and propose a way forward. Design/methodology/approach This study conducted a framework-based systematic literature review of 93 papers published between 1993 and 2021. Findings This study adds to the current debate on FFs internationalization by integrating previous review efforts with a deeper investigation of FFs’ equity-based entry modes. This study contributes to this body of knowledge in the family business research by synthetizing and systematizing extant literature with a framework-based approach from the international business (IB) field. In so doing, this study builds a stronger link between these two areas of research. Finally, research gaps and promising research avenues for future studies are also presented. Originality/value This study responds to the call to create a dialogue between the FFs and IB fields by systematizing the extant body of knowledge and integrating the FF literature with one of the most widely used frameworks (Pan and Tse, 2000) on entry modes in the IB domain.

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Family firms and their participation in cross-border acquisition waves: evidence from India

Cited by 10 publications

References 104 publications

The socioemotional wealth of leaders in family firm succession and corporate governance processes: a systematic literature review

The socioemotional wealth of leaders in family firm succession and corporate governance processes: a systematic literature review

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

Family firms and international equity-based entry modes: a systematic literature review

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