IDEAS home Printed from https://ideas.repec.org/a/kap/sbusec/v60y2023i4d10.1007_s11187-022-00667-w.html
   My bibliography  Save this article

How family firms use governance mechanisms to mitigate the risks of ecosystems: a case study from healthcare

Author

Listed:
  • Dieudonnee Cobben

    (Open Universiteit)

  • Petra C. M. Neessen

    (Open Universiteit)

  • Diana Rus

    (Rijksuniversiteit Groningen)

  • Nadine Roijakkers

    (Open Universiteit)

Abstract

This study aims to increase our understanding of how family firms, acting as ecosystem orchestrators, mitigate perceived relational and performance risk in ecosystems via the use of governance mechanisms. We use the ecosystem governance literature to understand whether family firms’ characteristics lead to a unique governance approach in an ecosystem setting. Our findings and theoretical implications are threefold; (1) formal and informal governance mechanisms act as complements to mitigate relational and performance risks; (2) the choice of governance mechanisms differs for relational and performance risk; (3) changes in perceived risk over time result in shifts in the relative dominance of formal/informal governance mechanisms.

Suggested Citation

  • Dieudonnee Cobben & Petra C. M. Neessen & Diana Rus & Nadine Roijakkers, 2023. "How family firms use governance mechanisms to mitigate the risks of ecosystems: a case study from healthcare," Small Business Economics, Springer, vol. 60(4), pages 1369-1388, April.
    • Handle: RePEc:kap:sbusec:v:60:y:2023:i:4:d:10.1007_s11187-022-00667-w
    DOI: 10.1007/s11187-022-00667-w
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s11187-022-00667-w
    File Function: Abstract
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1007/s11187-022-00667-w?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Rau, Sabine B. & Werner, Arndt & Schell, Sabrina, 2019. "Psychological ownership as a driving factor of innovation in older family firms," Journal of Family Business Strategy, Elsevier, vol. 10(4).
    2. Paavo Ritala & Vassilis Agouridas & Dimitris Assimakopoulos & Otto Gies, 2013. "Value creation and capture mechanisms in innovation ecosystems : a comparative case study," Post-Print hal-02313379, HAL.
    3. Ward Ooms & Marjolein C. J. Caniëls & Nadine Roijakkers & Dieudonnee Cobben, 2020. "Ecosystems for smart cities: tracing the evolution of governance structures in a dutch smart city initiative," International Entrepreneurship and Management Journal, Springer, vol. 16(4), pages 1225-1258, December.
    4. Onnolee Nordstrom & Jennifer E. Jennings, 2018. "Looking in the Other Direction: An Ethnographic Analysis of How Family Businesses Can Be Operated to Enhance Familial Well-Being," Entrepreneurship Theory and Practice, , vol. 42(2), pages 317-339, March.
    5. Kelly, K. & Van Vlaenderen, H., 1995. "Evaluating participation processes in community development," Evaluation and Program Planning, Elsevier, vol. 18(4), pages 371-383.
    6. James J. Chrisman, 2019. "Stewardship Theory: Realism, Relevance, and Family Firm Governance," Entrepreneurship Theory and Practice, , vol. 43(6), pages 1051-1066, November.
    7. James J. Chrisman & Jess H. Chua & Isabelle Le Breton-Miller & Danny Miller & Lloyd P. Steier, 2018. "Governance Mechanisms and Family Firms," Entrepreneurship Theory and Practice, , vol. 42(2), pages 171-186, March.
    8. Alfredo De massis & Federico Frattini & Emanuele Pizzurno & Lucio Cassia, 2015. "Product Innovation in Family versus Nonfamily Firms: An Exploratory Analysis," Journal of Small Business Management, Taylor & Francis Journals, vol. 53(1), pages 1-36, January.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Cobben, Dieudonnee & Ooms, Ward & Roijakkers, Nadine, 2023. "Indicators for innovation ecosystem health: A Delphi study," Journal of Business Research, Elsevier, vol. 162(C).
    2. Ivan Miroshnychenko & Giorgio Vocalelli & Alfredo Massis & Stefano Grassi & Francesco Ravazzolo, 2024. "The COVID-19 pandemic and family business performance," Small Business Economics, Springer, vol. 62(1), pages 213-241, January.
    3. Hanna Maria Sievinen & Tuuli Ikäheimonen & Timo Pihkala, 2022. "The role of dyadic interactions between CEOs, chairs and owners in family firm governance," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 26(1), pages 223-253, March.
    4. Cobben, Dieudonnee & Ooms, Ward & Roijakkers, Nadine & Radziwon, Agnieszka, 2022. "Ecosystem types: A systematic review on boundaries and goals," Journal of Business Research, Elsevier, vol. 142(C), pages 138-164.
    5. Frank Lambrechts & Jolien Huybrechts & Alfredo Massis & Erik E. Lehmann, 2023. "The “open family firm”: openness as boundary work in family enterprises," Small Business Economics, Springer, vol. 60(4), pages 1307-1322, April.
    6. Lin, Hsing-Er & Yu, Andy & Stambaugh, Jeff & Tsao, Chiung-Wen & Wang, Rebecca Jen-Hui & Hsu, I-Chieh, 2023. "Family CEO duality and research and development intensity in public family enterprises: Temporality as a model boundary," Journal of Business Research, Elsevier, vol. 158(C).
    7. Saif Ur Rehman & Yacoub Haider Hamdan, 2023. "Founding-Family Firms and CSR Performance in the Emerging Economy of India: A Socio-Emotional Wealth Perspective," Sustainability, MDPI, vol. 15(10), pages 1-24, May.
    8. Abbate, Stefano & Centobelli, Piera & Cerchione, Roberto, 2023. "From Fast to Slow: An Exploratory Analysis of Circular Business Models in the Italian Apparel Industry," International Journal of Production Economics, Elsevier, vol. 260(C).
    9. Midgley, Gerald & Cavana, Robert Y. & Brocklesby, John & Foote, Jeff L. & Wood, David R.R. & Ahuriri-Driscoll, Annabel, 2013. "Towards a new framework for evaluating systemic problem structuring methods," European Journal of Operational Research, Elsevier, vol. 229(1), pages 143-154.
    10. Georgy B. Kleiner & Maksim A. Rybachuk & Venera A. Karpinskaya, 2020. "Development of ecosystems in the financial sector of Russia," Upravlenets, Ural State University of Economics, vol. 11(4), pages 2-15, September.
    11. Radziwon, Agnieszka & Bogers, Marcel, 2019. "Open innovation in SMEs: Exploring inter-organizational relationships in an ecosystem," Technological Forecasting and Social Change, Elsevier, vol. 146(C), pages 573-587.
    12. Amjad Ali & Wajid Alim & Jawad Ahmed & Sabahat Nisar, 2022. "Yoke of corporate governance and firm performance: A study of listed firms in Pakistan," Indian Journal of Commerce and Management Studies, Educational Research Multimedia & Publications,India, vol. 13(1), pages 08-17, January.
    13. Jianlong Wu & Zhongji Yang & Xiaobo Hu & Hongqi Wang & Jing Huang, 2018. "Exploring Driving Forces of Sustainable Development of China’s New Energy Vehicle Industry: An Analysis from the Perspective of an Innovation Ecosystem," Sustainability, MDPI, vol. 10(12), pages 1-24, December.
    14. Siegel, Donald & Bogers, Marcel L.A.M. & Jennings, P. Devereaux & Xue, Lan, 2023. "Technology transfer from national/federal labs and public research institutes: Managerial and policy implications," Research Policy, Elsevier, vol. 52(1).
    15. Chitra Singla & Ludvig Levasseur, 2023. "The role of family in unfolding the process of external corporate venturing in small family businesses," Small Business Economics, Springer, vol. 61(1), pages 105-126, June.
    16. Bauweraerts, Jonathan & Arzubiaga, Unai & Diaz-Moriana, Vanessa, 2022. "Unveiling the global focus-performance relationship in family firms: The role of the board of directors," International Business Review, Elsevier, vol. 31(4).
    17. Cyrille Sardais & Martin Blom & Josée Lortie, 2021. "Exit, voice, loyalty, and … disobedience: When a CEO opposes his principal," Corporate Governance: An International Review, Wiley Blackwell, vol. 29(2), pages 188-207, March.
    18. Gomes, Leonardo Augusto de Vasconcelos & Flechas, Ximena Alejandra & Facin, Ana Lucia Figueiredo & Borini, Felipe Mendes, 2021. "Ecosystem management: Past achievements and future promises," Technological Forecasting and Social Change, Elsevier, vol. 171(C).
    19. Patrycja Klimas & Wojciech Czakon, 2022. "Species in the wild: a typology of innovation ecosystems," Review of Managerial Science, Springer, vol. 16(1), pages 249-282, January.
    20. Li-Ying, Jason & Sofka, Wolfgang & Tuertscher, Philipp, 2022. "Managing innovation ecosystems around Big Science Organizations," Technovation, Elsevier, vol. 116(C).

    More about this item

    Keywords

    Family firm; Ecosystem; Governance; Risk; Open innovation;
    All these keywords.

    JEL classification:

    • O36 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Open Innovation
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:sbusec:v:60:y:2023:i:4:d:10.1007_s11187-022-00667-w. See general information about how to correct material in RePEc.

    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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.