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1Universidad de Jaén, España; 2Universidad del País Vasco
Relator: María del Pilar Rivera Franco (Universidad de Salamanca)
La internacionalización supone una alternativa estratégica para el logro del crecimiento y/o supervivencia de la empresa a largo plazo, siendo ambos objetivos de vital importancia para el caso particular de empresas familiares. Adicionalmente, esta investigación considera la heterogeneidad de empresas familiares al atender al nivel de implicación de la familia en el negocio, a partir de la propiedad y dirección familiar. En el estudio empírico cuantitativo han participado un total de 263 empresas internacionales pertenecientes al sector oleícola y vinícola español, en concreto, almazaras y bodegas. La principal fuente de recogida de información han sido cuestionarios online autoadministrados y dirigidos a directivos y/o propietarios de estas empresas. Para testar las hipótesis que se plantean en el trabajo se usa como técnica la regresión de mínimos cuadrados parciales (PLS). Los resultados muestran que el capital relacional favorece el compromiso internacional alcanzado por la empresa. Además de eso, en empresas con un alto nivel de implicación familiar, la relación anterior es más fuerte. Implicaciones prácticas y teóricas se presentan a partir de los resultados alcanzados.
Is ESG worthy for family firms? Exploring the intersection of Socioemotional Wealth and Triple Bottom Line approaches
1UPF Barcelona School of Management, Spain; 2Universitat de Girona, Spain; 3Universidad del País Vasco/Euskal Herriko Unibertsitatea, Spain
Relator: Myriam Cano Rubio (Universidad de Jaén)
This study revolves around the rising importance of ESG (Environmental, Social, and Governance) pillars, stemming from global concerns about climate change, which are pushing firms to increasingly focus on sustainable investments and operations. Family firms should not be an exception since they are driven by non-economic goals like legitimacy and social status. To understand the impact of ESG investments on family firm's performance, two research questions are posed under the umbrella of Triple Bottom Line and Socio-Emotional Wealth theories: (i) does ESG have an impact on family firm's business performance? and (ii) which configurations of ESG drive family firm's business performance? Based on a sample of 298 Spanish family firms, a two-stage analysis approach was applied: structural equation modelling and fuzzy set qualitative comparative analysis. Results suggest a positive impact of ESG on family firm’s performance but with different relevance, as ESG has a direct and positive relationship with innovation performance but an indirect one with financial performance. Governance pillar seems to be the most prominent for both innovation and financial performance, while the social pillar gains importance for innovation performance and the environmental pillar for financial performance. Relevant implications for academics and industry practitioners are derived from the study.
DRIVERS OF CSR PERSISTENCE: THE ROLE OF PERFORMANCE ASPIRATIONS, CRISIS AND FAMILY OWNERSHIP
María del Pilar Rivera Franco, Ignacio Requejo, Isabel Suárez González
Universidad de Salamanca, España
Relator: José María Fernández-Yáñez (Universitat Jaume I)
This study analyzes the factors that contribute to persistence in corporate social responsibility (CSR). Drawing on behavioral theory and strategic persistence approach, we predict that firms that perform above their aspirations will exhibit greater CSR persistence. We also explore how a crisis period and the type of ownership may shape the relationship between performance aspirations and CSR persistence. Our study utilizes a sample of 490 listed European firms, from 2008-2020, and a panel data method to test our hypotheses. We observe that performance above aspirations positively affects CSR persistence. Moreover, the positive relationship between performance aspirations and CSR persistence weakens when firms face crises. Finally, our results also reveal that family firms, compared with non-family firms, appear to be less sensitive to the effect of performance aspirations on CSR persistence.
DIGITAL TRANSFORMATION OF FAMILY BUSINESS: A SYSTEMATIC LITERATURE REVIEW
María Concepcion Lopez Fernandez1, Remedios Hernández Linares2, Vanessa Díaz Moriana3, José Carlos Casillas4, Ana María Moreno Menéndez4
1Universidad de Cantabria, España; 2Universidad de Extremadura; 3Universidad Pablo de Olavide; 4Universidad de Sevilla
Relator: Felipe Hernandez Perlines (Universidad de Castilla La Mancha)
We chart the literature on digital transformation in family business by conducting a systematic review and critically analyzing 59 peer-review articles published between 2000 and 2023. We develop a framework encompassing antecedents, consequences, and moderating factors, which enables us to identify main research gaps and propose future research challenges.