Entrepreneurship and Family Business Vitality: Surviving and Flourishing in the Long Term PDF
Preview Entrepreneurship and Family Business Vitality: Surviving and Flourishing in the Long Term
Studies on Entrepreneurship, Structural Change and Industrial Dynamics José Manuel Saiz-Álvarez João Leitão Jesús Manuel Palma-Ruiz Editors Entrepreneurship and Family Business Vitality Surviving and Flourishing in the Long Term Studies on Entrepreneurship, Structural Change and Industrial Dynamics SeriesEditors JoãoLeitão UniversityofBeiraInterior,Covilhã,Portugal TessalenoDevezas UniversityofBeiraInterior,Covilhã,Portugal The ‘Studies on Entrepreneurship, Structural Change and Industrial Dynamics’ seriesshowcasesexceptionalscholarlyworkbeingdevelopedonthestillunexplored complex relationship between entrepreneurship, structural change and industrial dynamics,byaddressingstructuralandtechnologicaldeterminantsoftheevolution- arypathwayofinnovativeandentrepreneurialactivity. The series invites proposals based on sound research methodologies and approachestotheabovetopics.Volumesintheseriesmayincluderesearchmono- graphsandedited/contributedworks. Moreinformationaboutthisseriesathttp://www.springer.com/series/15330 (cid:129) (cid:129) José Manuel Saiz-Álvarez João Leitão Jesús Manuel Palma-Ruiz Editors Entrepreneurship and Family Business Vitality Surviving and Flourishing in the Long Term Editors JoséManuelSaiz-Álvarez JoãoLeitão EGADEBusinessSchool-Tecnologico UniversityofBeiraInterior deMonterrey Covilhã,Portugal Zapopan,Jalisco,Mexico JesúsManuelPalma-Ruiz UniversidadAutónomadeChihuahua Chihuahua,Mexico ISSN2511-2023 ISSN2511-2031 (electronic) StudiesonEntrepreneurship,StructuralChangeandIndustrialDynamics ISBN978-3-030-15525-4 ISBN978-3-030-15526-1 (eBook) https://doi.org/10.1007/978-3-030-15526-1 ©SpringerNatureSwitzerlandAG2020 Thisworkissubjecttocopyright.AllrightsarereservedbythePublisher,whetherthewholeorpartofthe materialisconcerned,specificallytherightsoftranslation,reprinting,reuseofillustrations,recitation, broadcasting,reproductiononmicrofilmsorinanyotherphysicalway,andtransmissionorinformation storageandretrieval,electronicadaptation,computersoftware,orbysimilarordissimilarmethodology nowknownorhereafterdeveloped. Theuseofgeneraldescriptivenames,registerednames,trademarks,servicemarks,etc.inthispublication doesnotimply,evenintheabsenceofaspecificstatement,thatsuchnamesareexemptfromtherelevant protectivelawsandregulationsandthereforefreeforgeneraluse. The publisher, the authors, and the editorsare safeto assume that the adviceand informationin this bookarebelievedtobetrueandaccurateatthedateofpublication.Neitherthepublishernortheauthorsor theeditorsgiveawarranty,expressorimplied,withrespecttothematerialcontainedhereinorforany errorsoromissionsthatmayhavebeenmade.Thepublisherremainsneutralwithregardtojurisdictional claimsinpublishedmapsandinstitutionalaffiliations. ThisSpringerimprintispublishedbytheregisteredcompanySpringerNatureSwitzerlandAG. Theregisteredcompanyaddressis:Gewerbestrasse11,6330Cham,Switzerland Acknowledgments Toourfamiliesfortheirencouragementwhilepreparingthisbook,andtoallthose whohavemadethepublicationofthisbookpossible. We extend this gratitude to the prestigious publishing house Springer Nature Switzerland AG, and especially to Prashanth Mahagaonkar—Senior Editor, Ruth Milewski—SeniorEditorialAssistantBusiness/Economics,DavidBull—Vice-Pres- ident, and Eric Schmitt—Managing Director, and all the Springer Nature DevelopmentTeam. Wethankallthe36authorswhohaveacceptedtoparticipateinthisbookfortheir excellentworkandcollaborationandarelocatedinuniversitiesandresearchcenters acrossAmerica(Brazil, Chile,Colombia,Ecuador, andMexico)andEurope(Aus- tria,Belgium,Germany,Italy,Portugal,Spain,andtheUnitedKingdom). We acknowledge the commitment to research of our academic institutions, EGADE Business School-Tecnologico de Monterrey (Mexico), the Catholic Uni- versity of Santiago de Guayaquil (Ecuador), Autonomous University of Manizales (Colombia),UniversidadAutónomadeChihuahua(Mexico),theUniversityofBeira Interior (Portugal), and the University of Lisboa (Portugal), where we work or are visiting professors, as well as the support received from the National Council of Science and Technology (CONACYT) in Mexico, and the Mexican Academy of Sciences. Finally, we also express our gratitude to all the authors whose works were submitted but not accepted for publication. We encourage them to persist in this captivating,andhighlydemanding,worldofresearchandtostriveforthediffusion ofknowledgetobenefittheglobalsociety. JoséManuelSaiz-Álvarez JesúsManuelPalma-Ruiz JoãoLeitão v Contents IntroductiontoEntrepreneurshipandFamilyBusinessVitality. . . . . . 1 JoséManuelSaiz-Álvarez,JesúsManuelPalma-Ruiz,andJoãoLeitão PartI FamilyFirms:SocioemotionalIntelligenceandWealth BetweenReasonandEmotion:SocioemotionalIntelligenceasa Non-tangibleResourceforStrategy,Operation,andSustainability fortheFamilyBusiness. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 DannyChristianBarbery-MontoyaandCarlosLuisTorres-Briones SmallFamilyFirmsandStrategiesCopingtheEconomicCrisis: TheInfluenceofSocio-emotionalWealth. . . . . . . . . . . . . . . . . . . . . . . 27 FrancescaMariaCesaroni,AnnalisaSentuti,andSerenaCubico Employees’Change-OrientedandProactiveBehaviorsin Small-andMedium-SizedFamilyBusinesses. . . . . . . . . . . . . . . . . . . . 49 TeresaSpiessandAnitaZehrer PartII FamilyFirms:Leadership EntrepreneurialLeadershipAcrossCountries:TheRoleofInformal Institutions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 67 ClaudiaFelix,SebastianAparicio,andDavidUrbano GenerationalDiversityasaModeratorfortheRelationshipBetween AbsorptiveCapacityandInnovationPerformanceatFamilyFirms. . . 85 GloriaCharãoFerreiraandJoãoM.Ferreira SharedLeadershipattheTopofFamilyFirms:HowSibling TeamsEngageinSuccessfulCo-leadership. . . . .. . . . . .. . . . . . .. . . . 113 JanaBöversandChristinaHoon vii viii Contents TerritorialMapsofSeniorEntrepreneurship:AMultidimensional AnalysisBasedonGEMData. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 133 JoséManuelSaiz-ÁlvarezandAliciaCoduras-Martínez RelationshipConflictsinFamilyFirms:AnEmpiricalAnalysis. . . . . . 151 IsmaelBarros-Contreras,JuanHernangómez-Barahona, andNataliaMartín-Cruz PartIII FamilyFirms:Innovation CommitmenttoLearning,Knowledge,andStrategicRenewal: DoFamilyFirmsManageThemDifferently?. . . . . . . . . . . . . . . . . . . . 177 MartaPérez-PérezandRemediosHernández-Linares TheModeratingEffectsofFamilyFarmsBetweenInnovation, InformationSystems,andTraining-LearningOverPerformance. . . . . 205 AlfonsoA.Rojo-Ramírez,AliciaRamírez-Orellana, JohnEddsonBurgos-Burgos,andDanielRuiz-Palomo TheEffectofCEOAttributesontheInternationalization-Performance RelationshipinPrivateFamilyFirms. . . . . . . . . . . . . . . . . . . . . . . . . . 233 JonathanBauweraerts PartIV FamilyFirms:CaseStudies IsBeingConservativeatHomeWhilstTakingRisksAbroad aSuitableCompetitiveStrategy?TheCaseofSpanishFamilyFirms InternationalizingtoMexico. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 257 JulenCastillo-Apraiz,UnaiArzubiaga,andJesúsManuelPalma-Ruiz CorporateVenturingDeterminantsinMexicanFamilyFirms. . . . . . . 269 LuisArturoTorres-García,M.ConcepciónLópez-Fernández, andAnaM.Serrano-Bedia DeterminantsoftheEconomicPerformanceofPortugueseFamily Firms:IsInnovationRelevant?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 297 AuroraA.C.TeixeiraandSofiaF.Correia RISEModel:ItsApplicationonDivingEnterprisesLocated intheSanAndresArchipelago(Colombia). . .. . . . . . .. . . . . . . .. . . . 327 MaríadelPilarRamírez-Salazar,RafaelIgnacioPérez-Uribe, CarlosSalcedo-Pérez,andJuliethPaolaJuffington-Smith Contributors About the Editors JoséManuelSaiz-Álvarez isPh.D. (Hons) in EconomicsandBusiness Adminis- tration, from the Autonomous University of Madrid (Spain), and Ph.D. (Hons.) in Sociology, from the Pontifical University of Salamanca (Spain). He is now a researchprofessoratEGADEBusinessSchool-TecnologicodeMonterrey(Mexico) and visiting professor at the Catholic University of Santiago de Guayaquil (Ecua- dor), Autonomous University of Manizales (Colombia), and St Francis Xavier University ofChuquisaca(Bolivia). He was Director oftheBADoctoral Program, Nebrija University (Spain), and Director of the Master in Microcredits and Social Inclusion,PontificalUniversityofSalamanca(SpainandGuatemala).Heismember of GEM Jalisco (Mexico) and Academic Leader at Tecnologico de Monterrey (Mexico);holdsDiplomaofrecognition,theHouseofRepresentativesoftheCapitol of Puerto Rico; and was Honorary Professor, Autonomous University of Madrid (Spain).HebelongstotheNationalSystemofResearchersoftheNationalCouncil for ScienceandTechnology(CONACYT)(Mexico)andtheMexicanAcademyof Sciences, and is officially accredited in Spain by the National Agency for the Evaluation of Quality and Accreditation (ANECA). He has extensively published withprestigiousinternationalpublishersonentrepreneurship,familybusiness,labor market,innovation,economicintegration,andoutsourcing. JesúsManuelPalma-Ruiz isanAssociateProfessorattheUniversidadAutónoma de Chihuahua (Mexico). He holds an International Ph.D. (Hons.) in Business and EntrepreneurialManagementwithapplicationtoSMEs,entrepreneurship,andfamily firmsfromtheUniversityofCantabria(Spain).HebelongstotheNationalSystemof Researchers of the National Council for Science and Technology (CONACYT) (Mexico). He is a former scholar for the Walton International Program (USA), Carolina Foundation (Spain),and CONACYT(Mexico and Spain). Withmorethan 15yearsofprofessionalexperienceinbothprivateandpublicsectors,hehasbeena ix x Contributors professorofbusinessforgraduateandundergraduatelevelsatTecnológicodeMon- terreyandUniversidadAutónomadeChihuahua(Mexico),collaboratinginbusiness incubation, family business, and technology parks programs. He has been visiting professorandSantander’sBankChairofFamilyBusinessCoordinatorattheUniver- sityofCantabria(Spain).HecollaborateswithresearchgroupsinSpainandMexico, wherehehasbeeninvolvedintheInternationalUrbanCooperationregion-to-region Program (EU), GEM and GUESSS projects, among others. He has published in scientific journals on topics related to entrepreneurship and family business and coeditedbookswithSpringerandIGIGlobal. João Leitão holds a Habilitation in Technological Change and Entrepreneurship, University of Lisbon, Instituto Superior Técnico, and a Ph.D. in Economics, Uni- versityofBeiraInterior(Portugal).Since1999,heisanAssistantProfessor(tenured) inEconomicsandEntrepreneurship.HeisanassociateresearcheroftheCEG-IST, University of Lisbon (Portugal), and external research fellow of the Instituto Multidisciplinar de Empresa, University of Salamanca (Spain). He is author and coauthor of scientific books on benchmarking, clusters, cooperation networks, entrepreneurship, entrepreneurship education, innovation, competitiveness, public policies,andqualityoflife.Hewonthe2018NationalPrizeofInnovationbasedon KnowledgeandtheBestPaperAwardoftheInterdisciplinaryEuropeanConference inEntrepreneurialResearch—IECER2012.Hisresearchworkhasbeenpublishedin several leading journals. He is member of distinguished editorial and reviewer boardsofindexedinternationaljournals. About the Authors SebastiánAparicio isanAssistantProfessorofEntrepreneurshipatDurhamUni- versity BusinessSchool (UK).Heisalso aResearcherattheCentrefor University Entrepreneurship(CIEU-UAB)(Spain).He hasaPh.D.(InternationalDoctoratein Entrepreneurship and Management—IDEM) from the Department of Business at UniversitatAutònomadeBarcelona(UAB—Spain).Hisresearchisfocusedonthe linkbetweenentrepreneurshipandeconomicdevelopment. UnaiArzubiaga isanAssistantProfessorandresearcherinBusinessandManage- ment at the University of the Basque Country (UPV/EHU). He received his Inter- nationalPh.D. inManagementfrom theUniversityoftheBasqueCountryin2016 with a predoctoral research stay in Lancaster University (UK) in 2014. He has an MBA in Leadership Development by the University of Deusto (Spain). He performed consulting services between 2006 and 2009 in Deloitte. His current research is focused on the topics of entrepreneurship and innovation, family busi- nesses, strategy, and corporate governance. He has published articles in journals such as Journal of Business Venturing, International Entrepreneurship and Man- agement Journal, Australian Journal of Management, International Business Review,andReviewofManagerialScience,amongothers,andisalsoareviewer.
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