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Family businesses under COVID-19: Inspiring models – Sometimes

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  • Le Breton-Miller, Isabelle
  • Miller, Danny

Abstract

We examine the behavior of family firms during the COVID-19 pandemic through the lens of Miller and Le Breton-Miller’s (2005) “4C model” of continuity, community, connection, and command. We show how some family firms embracing temporally and socially extended priorities have excelled along these Cs and conducted themselves as exemplary citizens during the COVID crisis. By contrast some family firms with more restricted priorities have behaved in ethically disreputable ways. We discuss the contingencies that affect these forms of behavior and suggest why family firms may be subject to both positive and negative ethical extremes.

Suggested Citation

  • Le Breton-Miller, Isabelle & Miller, Danny, 2022. "Family businesses under COVID-19: Inspiring models – Sometimes," Journal of Family Business Strategy, Elsevier, vol. 13(2).
    • Handle: RePEc:eee:fambus:v:13:y:2022:i:2:s1877858521000334
    DOI: 10.1016/j.jfbs.2021.100452
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    References listed on IDEAS

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    1. Amore, Mario Daniele & Miller, Danny & Le Breton-Miller, Isabelle & Corbetta, Guido, 2017. "For love and money: Marital leadership in family firms," Journal of Corporate Finance, Elsevier, vol. 46(C), pages 461-476.
    2. Amore, Mario Daniele & Minichilli, Alessandro, 2018. "Local Political Uncertainty, Family Control, and Investment Behavior," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 53(4), pages 1781-1804, August.
    3. Jess H. Chua & James J. Chrisman & Lloyd P. Steier & Sabine B. Rau, 2012. "Sources of Heterogeneity in Family Firms: An Introduction," Entrepreneurship Theory and Practice, , vol. 36(6), pages 1103-1113, November.
    4. Conz, Elisa & Lamb, Peter William & De Massis, Alfredo, 2020. "Practicing resilience in family firms: An investigation through phenomenography," Journal of Family Business Strategy, Elsevier, vol. 11(2).
    5. Albuquerque, Rui & Koskinen, Yrjo & Yang, Shuai & Zhang, Chendi, 2020. "Love in the Time of COVID-19: The Resiliency of Environmental and Social Stocks," CEPR Discussion Papers 14661, C.E.P.R. Discussion Papers.
    6. Christensen-Salem, Amanda & Mesquita, Luiz F. & Hashimoto, Marcos & Hom, Peter W. & Gomez-Mejia, Luis R., 2021. "Family firms are indeed better places to work than non-family firms! Socioemotional wealth and employees’ perceived organizational caring," Journal of Family Business Strategy, Elsevier, vol. 12(1).
    7. Danny Miller & Isabelle Le Breton-Miller, 2021. "Family Firms: A Breed of Extremes?," Entrepreneurship Theory and Practice, , vol. 45(4), pages 663-681, July.
    8. Vincent Molly & Lorraine M. Uhlaner & Alfredo De Massis & Eddy Laveren, 2019. "Family-centered goals, family board representation, and debt financing," Small Business Economics, Springer, vol. 53(1), pages 269-286, June.
    9. Isabelle Le Breton-Miller & Danny Miller, 2020. "Ideals-Based Accountability and Reputation in Select Family Firms," Journal of Business Ethics, Springer, vol. 163(2), pages 183-196, May.
    10. Mario Daniele Amore & Morten Bennedsen & Isabelle Le Breton‐Miller & Danny Miller, 2021. "Back to the future: The effect of returning family successions on firm performance," Strategic Management Journal, Wiley Blackwell, vol. 42(8), pages 1432-1458, August.
    11. Hermann Simon, 2009. "Hidden Champions of the Twenty-First Century," Springer Books, Springer, number 978-0-387-98147-5, November.
    12. Amore, Mario Daniele & Bennedsen, Morten, 2013. "The value of local political connections in a low-corruption environment," Journal of Financial Economics, Elsevier, vol. 110(2), pages 387-402.
    13. G. T. Lumpkin & Keith H. Brigham, 2011. "Long–Term Orientation and Intertemporal Choice in Family Firms," Entrepreneurship Theory and Practice, , vol. 35(6), pages 1149-1169, November.
    14. Pittino, Daniel & Visintin, Francesca & Lenger, Tamara & Sternad, Dietmar, 2016. "Are high performance work practices really necessary in family SMEs? An analysis of the impact on employee retention," Journal of Family Business Strategy, Elsevier, vol. 7(2), pages 75-89.
    15. Danny Miller & Isabelle Le Breton–Miller, 2014. "Deconstructing Socioemotional Wealth," Entrepreneurship Theory and Practice, , vol. 38(4), pages 713-720, July.
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    Cited by:

    1. Jaufenthaler, Philipp, 2023. "A safe haven in times of crisis: The appeal of family companies as employers amid the COVID-19 pandemic," Journal of Family Business Strategy, Elsevier, vol. 14(1).
    2. Bürgel, Tobias R. & Hiebl, Martin R.W. & Pielsticker, David I., 2023. "Digitalization and entrepreneurial firms' resilience to pandemic crises: Evidence from COVID-19 and the German Mittelstand," Technological Forecasting and Social Change, Elsevier, vol. 186(PA).
    3. Le Breton-Miller, Isabelle & Miller, Danny, 2023. "Contradiction and disaggregation for family firm research," Journal of Family Business Strategy, Elsevier, vol. 14(1).
    4. Christoph Stock & Laura Pütz & Sabrina Schell & Arndt Werner, 2024. "Corporate Social Responsibility in Family Firms: Status and Future Directions of a Research Field," Journal of Business Ethics, Springer, vol. 190(1), pages 199-259, February.
    5. Cristina Lopez-Cozar-Navarro & Tiziana Priede-Bergamini & Sonia Benito-Hernandez, 2023. "How Family Character Affect the Financing of Environmental Protection Strategies and Energy-Saving Measures," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 25(63), pages 503-503, April.

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