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Women Entrepreneurs and Family Firm Heterogeneity: Evidence from an Emerging Economy

Author

Listed:
  • Dianne H. B. Welsh

    (The University of North Carolina at Greensboro)

  • Eugene Kaciak

    (Brock University
    Kozminski University)

  • Silvana Trimi

    (University of Nebraska – Lincoln)

  • Emerson Wagner Mainardes

    (FUCAPE Business School)

Abstract

Family firms add to the economic and social well-being of countries. While research on heterogeneity of family firms is gaining momentum, it has mostly been gender-neutral. The study fills this gap by examining heterogeneity of family firms owned and managed by women, in the context of a developing country—Brazil. The study draws upon the resource-based view of the firm to investigate the relationships between firm performance, family involvement, and financial resources at the start-up phase. An inductive analysis reveals two patterns. First, family firms that are started with the family achieve better performance than firms that are launched without the family and later evolve into a family business. Second, family firms that are funded with women entrepreneur’s own savings achieve worse performance than family firms that are started with borrowed funds. The results are useful for strategic decision making in fostering family businesses headed by women and proactive public policies for future innovation to enhance the success of women entrepreneurs.

Suggested Citation

  • Dianne H. B. Welsh & Eugene Kaciak & Silvana Trimi & Emerson Wagner Mainardes, 2018. "Women Entrepreneurs and Family Firm Heterogeneity: Evidence from an Emerging Economy," Group Decision and Negotiation, Springer, vol. 27(3), pages 445-465, June.
    • Handle: RePEc:spr:grdene:v:27:y:2018:i:3:d:10.1007_s10726-017-9544-8
    DOI: 10.1007/s10726-017-9544-8
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    References listed on IDEAS

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    2. Hashim, Sumaya & Naldi, Lucia & Markowska, Magdalena, 2021. "“The royal award goes to…”: Legitimacy processes for female-led family ventures," Journal of Family Business Strategy, Elsevier, vol. 12(3).
    3. Discua Cruz, Allan & Hamilton, Eleanor & Campopiano, Giovanna & Jack, Sarah L., 2024. "Women’s entrepreneurial stewardship: The contribution of women to family business continuity in rural areas of Honduras," Journal of Family Business Strategy, Elsevier, vol. 15(1).
    4. Orlando Llanos-Contreras & Jose Arias & Carlos Maquieira, 2021. "Risk taking behavior in Chilean listed family firms: a socioemotional wealth approach," International Entrepreneurship and Management Journal, Springer, vol. 17(1), pages 165-184, March.
    5. Dianne H. B. Welsh & Eugene Kaciak, 2018. "Women’s entrepreneurship: A model of business-family interface and performance," International Entrepreneurship and Management Journal, Springer, vol. 14(3), pages 627-637, September.
    6. Jaouad Rharzouz & Houda Bouarir & Badreddine El Moutaqi & Nabil Rizqi & Omar Boubker, 2024. "Factors Influencing Women’s Entrepreneurial Success in a Patriarchal Society: Empirical Evidence from Morocco," Societies, MDPI, vol. 14(8), pages 1-19, August.

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