Family and business values of regional family firms: a qualitative research
Purpose - The purpose of this paper is to understand values of family firms, which have progressed to the second or third generation and to reveal similarities in basic values of the firms, which have continued to be successful. Design/methodology/approach - The research was realized with family members taking place at top management level in ten family firms applying a half-structured interview method. Interview notes have been supported with observations from visits to firms and some firms, documents to be reviewed. Findings - The research finds that family values are rather traditional hand, which the value of business are innovating. The researchers comment on this phenomenon not like paradox but a synergistic construct. In the other side, the founders are dominant factors in the formation of values of the family firms and the second generation voluntarily continues this effect. Practical implications - This research reached important findings showing that some sets of values are determinant in continuity of family firms and showing the critical role of founders in this process. So, while the researchers form questions of the research to be developed on the interaction of family and business dimensions or form the action plan of executors who will provide professional support to family firms, that they should focus on values must be seen important. In the other side, to reveal these values taking shape in life period of family firms is only possible with deep researches. Originality/value - Family firm literature is a late developing literature. However, many more questions concerning these kinds of firms await strong answers. Especially, to understand values of family firms is quite important in understanding strategic visions and continuity problem. In addition, there is need for numerous comprehensive studies on cultural values of family firms to clarify problematic of the family firms profiting the examples which come from the different country. This study can be demonstrated that traditional family values and innovative business values create a synergy rather than a paradox and an advantage in business continuity. Probably, this situation is associated with the cultural context.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 3 (2010)
Issue (Month): 1 (June)
|Contact details of provider:|| Web page: http://www.emeraldinsight.com|
|Order Information:|| Postal: Emerald Group Publishing, Howard House, Wagon Lane, Bingley, BD16 1WA, UK|
Web: http://emeraldgrouppublishing.com/products/journals/journals.htm?id=imefm Email:
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Abbas J. Ali, 2009. "Islamic perspectives on leadership: a model," International Journal of Islamic and Middle Eastern Finance and Management, Emerald Group Publishing, vol. 2(2), pages 160-180, August.
- Delhey, Jan & Newton, Kenneth, 2004. "Social trust: Global pattern or nordic exceptionalism?," Discussion Papers, Research Unit: Inequality and Social Integration SP I 2004-202, Social Science Research Center Berlin (WZB).
- Brenes, Esteban R. & Madrigal, Kryssia & Molina-Navarro, German E., 2006. "Family business structure and succession: Critical topics in Latin American experience," Journal of Business Research, Elsevier, vol. 59(3), pages 372-374, March.
When requesting a correction, please mention this item's handle: RePEc:eme:imefpp:v:3:y:2010:i:1:p:47-64. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Virginia Chapman)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.