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Environmental Jolts : Understanding How Family Firms Respond and Why

Author

Listed:
  • Celina Smith

    (EM - EMLyon Business School)

Abstract

Environmental jolts are dramatic unexpected events that can seriously affect firm outcomes, yet little is known about how family firms may respond. Research indicates that they will seek to preserve their socioemotional wealth endowments when these are threatened; less clear is how or why they may differ in this process. Drawing on the same environmental jolt this study investigates their behavioral response. It finds they engage to different extents in behavior labeled as engagement intensification, which engenders increasing risk for their business. While there are differences in family firms' socioemotional wealth these do not sufficiently explain differences in their behavioral response.

Suggested Citation

  • Celina Smith, 2016. "Environmental Jolts : Understanding How Family Firms Respond and Why," Post-Print hal-02311914, HAL.
    • Handle: RePEc:hal:journl:hal-02311914
    as

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    Cited by:

    1. Smith, Celina & Nordqvist, Mattias & De Massis, Alfredo & Miller, Danny, 2021. "When so much is at stake: Understanding organizational brinkmanship in family business," Journal of Family Business Strategy, Elsevier, vol. 12(4).
    2. Stefano Amato & Alessia Patuelli & Rodrigo Basco & Nicola Lattanzi, 2023. "Family Firms Amidst the Global Financial Crisis: A Territorial Embeddedness Perspective on Downsizing," Journal of Business Ethics, Springer, vol. 183(1), pages 213-236, February.
    3. Calabrò, Andrea & Frank, Hermann & Minichilli, Alessandro & Suess-Reyes, Julia, 2021. "Business families in times of crises: The backbone of family firm resilience and continuity," Journal of Family Business Strategy, Elsevier, vol. 12(2).

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    Keywords

    environmental jolt;

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