Early Release: June 2023 Issue of FBR
Prepared Exclusively for FFI Members
Early Release: June 2023 Issue of FBR
May 05, 2023
FFI on Friday; May 05, 2023 cover
W

e are pleased to provide you with an advance look at the June 2023 issue of Family Business Review (FBR).

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A refereed journal published by SAGE, FBR has an Impact Factor of 7.575 and a ranking of 40 out of 154 journals in Business. Source: Journal Citation Reports® (Clarivate, 2022).

Articles

Examining Heterogeneous Configurations of Socioemotional Wealth in Family Firms through the Formalization of Corporate Social Responsibility Strategy
Josh Wei-Jun Hsueh, Alfredo De Massis, Luis Gomez-Mejia
Research Questions
  • How do various dimensions of nonfinancial value (i.e., socioemotional wealth) interact and influence family firms’ corporate social responsibility (CSR) strategy?
  • How do the configurations of the same socioemotional dimensions lead to opposite CSR strategies of family firms?
headshot of Josh Wei-Jun Hsueh
Josh Wei-Jun Hsueh
Jönköping International Business School
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Alfredo De Massis
Free University of Bozen-Bolzano
IMD
Lancaster University
Institute of Family Business and Institute for Entrepreneurs, Zhejiang University
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Luis Gomez-Mejia
Arizona State University
About the Authors

Josh Wei-Jun Hsueh is assistant professor of business administration at the Centre for Family Entrepreneurship and Ownership, Jönköping International Business School. His research focuses on the social issues related to entrepreneurship and family businesses, such as corporate social responsibility (CSR) strategy and individual stakeholders’ well-being. He is currently serving on the editorial review board of the Academy of Management Discoveries, Family Business Review, and Journal of Family Business Strategy.

Alfredo De Massis is a professor of entrepreneurship & family business who serves as advisor to family enterprises and policy makers. He is an editor of Entrepreneurship Theory & Practice and an associate editor of Family Business Review, and he serves on the boards of public and private organizations internationally. He provides intellectual contributions to the International Institute for Management Development (IMD) by working on collaboration and scientific advisory activities at the Wild Chair in Family Business.

Luis Gomez-Mejia is Regents Professor in Management and Entrepreneurship at W. P. Carey School of Business, Arizona State University. His research focuses on the relationships of international management, strategic management, executive compensation, and family businesses. He has published more than 250 articles in the Academy of Management Journal, Academy of Management Review, Strategic Management Journal, and Administrative Science Quarterly, among others.

Structure of Local Political Power and Family Firms’ Concentration of Wealth
Xuan He, Yingyu Zhang, Weicheng Xiao
Research Questions
  • What is the impact of changes in de jure political power on the wealth concentration of family firms?
  • How does de facto political power operate as a countervailing force against de jure power?
  • From the perspective of the tenure of the provincial party secretary, what is the dynamic relationship between de jure power and wealth concentration?
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Xuan He
School of Economics and Trade, Guangdong University of Foreign Studies
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Yingyu Zhang
School of Economics and Trade, Guangdong University of Foreign Studies
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Weicheng Xiao
School of Economics and Trade, Guangdong University of Foreign Studies
About the Authors
Xuan He, PhD, is Professor at the School of Economics and Trade, Guangdong University of Foreign Studies, Guangzhou, China. His research interests focus on the interactions between family businesses and the institutional environment. He has published in leading Chinese journals such as Management World and Sociological Studies. He received his PhD in management from the School of Management, Sun Yat-sen University.

Yingyu Zhang is a PhD candidate at the School of Economics and Trade, Guangdong University of Foreign Studies, Guangzhou, China. Her research interests are family businesses, political economy, organizational theory.

Weicheng Xiao is a PhD candidate at the School of Economics and Trade, Guangdong University of Foreign Studies, Guangzhou, China. His research areas are institutional theory, family business, and government-firm relations.

Family Firms’ Acquisitions and Politicians as Directors: A Socioemotional Wealth Approach
Gloria Cuevas-Rodríguez, Leticia Pérez-Calero, Luis Gomez-Mejia, Santiago Kopoboru Aguado
Research Questions
  • Why are family firms more reluctant to undertake acquisitions than non-family firms based on a socioemotional wealth (SEW) approach?
  • What role do former politicians play on the boards of family firms in acquisitions decisions?
  • How does competitive industry velocity affect the relationship among family firms, acquisitions, and former politicians on boards?
headshot of Gloria Cuevas-Rodríguez
Gloria Cuevas-Rodríguez
Universidad de Cadiz
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Leticia Pérez-Calero
Pablo de Olavide University
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Luis Gomez-Mejia
Arizona State University
headshot of Santiago Kopoboru Aguado
Santiago Kopoboru Aguado
Pablo de Olavide University
headshot of Gloria Cuevas-Rodríguez
Gloria Cuevas-Rodríguez
Universidad de Cadiz
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Leticia Pérez-Calero
Pablo de Olavide University
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Luis Gomez-Mejia
Arizona State University
headshot of Santiago Kopoboru Aguado
Santiago Kopoboru Aguado
Pablo de Olavide University
About the Authors
Gloria Cuevas-Rodríguez is a full professor in the Management Department at Universidad de Cadiz. Her research interests include corporate governance, sustainability, and family firms. Her works have been published in journals including Corporate Governance: An International Review, Journal of Management Studies, British Journal of Management or Industrial Marketing Management, among others, as well as several book chapters and more than 70 presentations of papers at major national and international scientific conferences.

Leticia Pérez-Calero is an associate professor in the Department of Business Administration and Marketing at Pablo de Olavide University. Her main lines of research are focused on corporate governance, especially on the influence of the board of directors on the results and strategies of the companies. Her academic works have been published in journals such as Governance: An International Review, Long Range Planning, and International Review of Financial Analysis or Management Decision.

Luis Gomez-Mejia is Regents Professor in Management and Entrepreneurship at W. P. Carey School of Business, Arizona State University. His research focuses on the relationships of international management, strategic management, executive compensation, and family businesses. He has published more than 250 articles in the Academy of Management Journal, Academy of Management Review, Strategic Management Journal, and Administrative Science Quarterly, among others.

Santiago Kopoboru Aguado, PhD, has been a lecturer in the Department of Business Organization and Marketing at Pablo de Olvide University since 2018. His main line of research focuses on corporate governance and social connections of the firm. He has participated in many international congresses, conferences, workshops.

Ownership Heterogeneity and Corporate Innovation Output: A Study on Family Blockholders and Activist Hedge Funds
Matthias Leute, Yannick Bammens, Martin Carree, Jolien Huybrechts
Research Questions
  • Does the interplay between two influential yet opposing shareholder types, namely family blockholders and hedge funds, influence corporate innovation processes?
  • Does the presence of a family blockholder in a publicly listed firm’s ownership structure affect the firm’s radical innovation output?
  • Can hedge fund activism serve as an effective external governance mechanism to enhance radical innovation output in listed family-controlled firms?
headshot of Matthias Leute
Matthias Leute
Maastricht University
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Yannick Bammens
Hasselt University
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Martin Carree
Maastricht University
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Jolien Huybrechts
Hasselt University
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Matthias Leute
Maastricht University
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Yannick Bammens
Hasselt University
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Martin Carree
Maastricht University
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Jolien Huybrechts
Hasselt University
About the Authors
Matthias Leute is a versatile academic with a deep interest in strategic management and family businesses. With a BSc in International Business from Mannheim University and an MSc in International Business from Maastricht University, cum laude, Matthias gained invaluable experience working for consulting firms such as KPMG, PwC, and Simon Kucher & Partners, and founded two companies. Matthias is particularly interested in strategic management issues in the realm of family businesses.

Yannick Bammens is professor of strategy & innovation at Hasselt University. He holds a BSc and MSc in Business Engineering from KU Leuven and a PhD in Business Economics from UHasselt. His research deals mainly with technology and innovation management in the setting of midsized and family-owned enterprises. His work has been published in several journals including Journal of Management, Journal of Management Studies, Journal of Product Innovation Management, and Family Business Review.

Martin Carree has been professor of industrial organization at the School of Business and Economics of Maastricht University since 2003. He holds a PhD in Economics from Erasmus University Rotterdam and has published in a variety of journals including International Journal of Industrial Organization, Journal of Business and Economic Statistics, Journal of Business Venturing, Journal of Marketing Research, Regional Studies, Research Policy, Review of Economics and Statistics, and Strategic Management Journal.

Jolien Huybrechts, PhD, is associate professor in the Department of Organization, Strategy, and Entrepreneurship at Maastricht University. Her work focuses on family firms, corporate governance, and entrepreneurship. Jolien has published in journals such as Family Business Review, Entrepreneurship Theory and Practice, and Technovation. She is a member of the editorial review board of Journal of Family Business Strategy and editorial board member of Entrepreneurship Research Journal.

TODAY IS THE LAST DAY TO ENROLL IN Q2 GEN COURSES

Eleventh Annual Schlesinger Global
Family Enterprise Case Competition (SG-FECC)

Registration is open for the SG-FECC at the UVM Grossman School of Business. Register by June 15.
Previous Edition
April 28th, 2023 FFI On Friday cover
Twentieth-century American poet T.S. Eliot begins his most famous work, “The Waste Land,” with these words: “April is the cruelest month.” First published in the United Kingdom and with passages and references in Greek, Sanskrit, German, Italian, Latin, and French, “The Waste Land” is about eternal life, promises, and the perils of the careless choice of words.

But we have nothing quite so serious in mind in this last April (cruelest month) issue of FFI on Friday. In fact, the message here is less a cautionary tale and more about spreading some good news on various FFI initiatives, some old, some new.

Please read on!