Exploratory analysis of the antecedents of failure in family businesses : cases from Catalunya
Hayrapetyan, Ani (Universitat Autònoma de Barcelona. Departament d'Empresa)
Simon, Alexandra (Universitat Autònoma de Barcelona. Departament d'Empresa)

Data:	2024
Descripció:	26 pàg.
Resum:	Purpose - Family businesses (FBs) are considered an essential type of entrepreneurship that impacts economic growth. However, statistics show that after a period of performance they ultimately fail, and comparatively little is known about the reasons for their failing when compared to the amount of research focusing on keys to success. Design/methodology/approach - Through the implementation of an case study technique, which is widely used in research to address the complex phenomenon of failure, this paper aims to analyse the antecedents of failure in the case of four Catalan FBs. In doing so, this article develops propositions based on Institutional Economics Theory and Dynamic Capability Theory, with a focus on innovation and product diversification in family firms. Findings - Using interviews as a means of obtaining a large amount of information, it is observed that problems related to governmental regulations and constantly changing social behaviour can lead to failure for FBs. Additionally, a link between R&D activities and new product development and FB failure is observed. More specifically, this research highlights that a lack of product diversification and innovation can become a hindrance for FB performance when the institutional environment is unstable. It reveals the importance of developing dynamic capabilities that can meet the demands of fast-changing consumer behaviour. From a practical perspective, these findings can be used by governments in developing regulations focused on the dynamic capabilities of FBs, and by managers in order to learn from these experiences and implement appropriate strategies for long-term development and crisis management. Originality/value - This paper theoretically contributes to both the FB literature, as well as to institutional economics and dynamic capability theories by offering a combined perspective on how FB's dynamic capabilities change based on environmental factors and impact FB failure.
Ajuts:	Agencia Estatal de Investigación PID2020-114460GB-C31 Agència de Gestió d'Ajuts Universitaris i de Recerca 2021/SGR-00112
Nota:	Altres ajuts: acords transformatius de la UAB
Drets:	Aquest document està subjecte a una llicència d'ús Creative Commons. Es permet la reproducció total o parcial, la distribució, la comunicació pública de l'obra i la creació d'obres derivades, fins i tot amb finalitats comercials, sempre i quan es reconegui l'autoria de l'obra original.
Llengua:	Anglès
Document:	Article ; recerca ; Versió publicada
Matèria:	Family business ; Failure ; Institutions ; Dynamic capability ; Innovation ; Product diversification ; SDG 8 - Decent Work and Economic Growth ; SDG 12 - Responsible Consumption and Production
Publicat a:	Journal of family business management, ISSN 2043-6246

DOI: 10.1108/JFBM-03-2024-0058

26 p, 582.5 KB

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