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A set-theoretic analysis of the components of family involvement in publicly listed and major unlisted firms

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  • Garcia-Castro, Roberto
  • Casasola, Mª José

Abstract

Family firms can be thought of as heterogeneous configurations where ownership, governance, management and succession components are often intertwined. Previous works have typically used definitions of family firm based on one or more of these components. In this empirical work we seek to clarify the relationships among the components of family involvement in family firms by using a set-theoretic methodology (fs/QCA). Applying this methodology to a sample of 6611 publicly listed and major unlisted companies from 46 countries, we identified the most frequent configurations of family firms based on the components of family involvement. We present the most frequent configurations and discuss implications for empirical research and theory building on family firms.

Suggested Citation

  • Garcia-Castro, Roberto & Casasola, Mª José, 2011. "A set-theoretic analysis of the components of family involvement in publicly listed and major unlisted firms," Journal of Family Business Strategy, Elsevier, vol. 2(1), pages 15-25, March.
    • Handle: RePEc:eee:fambus:v:2:y:2011:i:1:p:15-25
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    1. Wagemann, Claudius & Buche, Jonas & Siewert, Markus B., 2016. "QCA and business research: Work in progress or a consolidated agenda?," Journal of Business Research, Elsevier, vol. 69(7), pages 2531-2540.
    2. Samara, Georges & Jamali, Dima & Sierra, Vicenta & Parada, Maria Jose, 2018. "Who are the best performers? The environmental social performance of family firms," Journal of Family Business Strategy, Elsevier, vol. 9(1), pages 33-43.
    3. Akhmedova, Anna & Cavallotti, Rita & Marimon, Frederic & Campopiano, Giovanna, 2020. "Daughters’ careers in family business: Motivation types and family-specific barriers," Journal of Family Business Strategy, Elsevier, vol. 11(3).
    4. Hiebl, Martin R.W., 2013. "Bean counter or strategist? Differences in the role of the CFO in family and non-family businesses," Journal of Family Business Strategy, Elsevier, vol. 4(2), pages 147-161.
    5. Kraus, Sascha & Mensching, Helge & Calabrò, Andrea & Cheng, Cheng-Feng & Filser, Matthias, 2016. "Family firm internationalization: A configurational approach," Journal of Business Research, Elsevier, vol. 69(11), pages 5473-5478.
    6. Garcia-Castro, Roberto & Aguilera, Ruth V., 2014. "Family involvement in business and financial performance: A set-theoretic cross-national inquiry," Journal of Family Business Strategy, Elsevier, vol. 5(1), pages 85-96.
    7. Andrea Calabrò & Mariateresa Torchia & Andreas Kallmuenzer & Hedi Yezza & Cheng Feng, 2023. "Transgenerational entrepreneurship in family firms: a configurational approach," Review of Managerial Science, Springer, vol. 17(7), pages 2535-2554, October.
    8. Stoilkovska, Aleksandra & Milenkovska , Violeta & Serafimovic , Gordana, 2013. "The Influence Of Family Relations On Decision Making In Family Businesses," UTMS Journal of Economics, University of Tourism and Management, Skopje, Macedonia, vol. 4(1), pages 17-26.
    9. Kraus, Sascha & Kallmuenzer, Andreas & Stieger, Daniel & Peters, Mike & Calabrò, Andrea, 2018. "Entrepreneurial paths to family firm performance," Journal of Business Research, Elsevier, vol. 88(C), pages 382-387.
    10. Sascha Kraus & Domingo Ribeiro-Soriano & Miriam Schüssler, 2018. "Fuzzy-set qualitative comparative analysis (fsQCA) in entrepreneurship and innovation research – the rise of a method," International Entrepreneurship and Management Journal, Springer, vol. 14(1), pages 15-33, March.
    11. Rebeca García-Ramos & Belén Díaz-Díaz & Myriam García-Olalla, 2017. "Independent directors, large shareholders and firm performance: the generational stage of family businesses and the socioemotional wealth approach," Review of Managerial Science, Springer, vol. 11(1), pages 119-156, January.
    12. Seny Kan, Anderson Konan & Adegbite, Emmanuel & El Omari, Sami & Abdellatif, Mahamat, 2016. "On the use of qualitative comparative analysis in management," Journal of Business Research, Elsevier, vol. 69(4), pages 1458-1463.
    13. Basco, Rodrigo & Pérez Rodríguez, María José, 2011. "Ideal types of family business management: Horizontal fit between family and business decisions and the relationship with family business performance," Journal of Family Business Strategy, Elsevier, vol. 2(3), pages 151-165.
    14. López-Delgado, P. & Diéguez-Soto, J., 2015. "Lone founders, types of private family businesses and firm performance," Journal of Family Business Strategy, Elsevier, vol. 6(2), pages 73-85.
    15. Wilson, Shawn R. & Whitmoyer, Jeffrey G. & Pieper, Torsten M. & Astrachan, Joseph H. & Hair, Joseph F. & Sarstedt, Marko, 2014. "Method trends and method needs: Examining methods needed for accelerating the field," Journal of Family Business Strategy, Elsevier, vol. 5(1), pages 4-14.

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