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Article
Publication date: 29 June 2017

Albert Lwango, Régis Coeurderoy and Gabriel A. Giménez Roche

The purpose of this paper is to provide a better assessment of the positive impact of family influence (FI) on the performance of SMEs and investigate a possible shift with firm…

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Abstract

Purpose

The purpose of this paper is to provide a better assessment of the positive impact of family influence (FI) on the performance of SMEs and investigate a possible shift with firm size (FS) and age.

Design/methodology/approach

This study is based upon a large sample of 4,240 firms representative of small businesses operating in the USA. It focuses on active ownership, i.e. direct involvement of owners alongside employees as an important factor of FI and conducts hierarchical regression models with profitability as the dependent variable, FI as the independent variable, and FS/age as moderating variables. It also includes other firm characteristics as control variables.

Findings

The results show that even though active family ownership is positively associated with the profitability of SMEs, the relationship between FI and profitability is negatively moderated by FS and firm age (FA).

Research limitations/implications

The limitations of this study are mainly related to the definition of family SMEs and to the cross-sectional data used to understand the variations in economic performance. However, the results show the great importance of this kind of study; more attention must be paid to heterogeneity due to the size and age of family businesses as well as the level of owners’ involvement alongside employees.

Practical implications

Practitioners are encouraged to maintain a higher degree of family ownership combined with a higher degree of active ownership in the initial stages, when family businesses are young and small. However, the level of active ownership should be reduced when family businesses increase in age and size. According to this study, practitioners should open up businesses to external human resources other than the owners’ family as the firm increases in size/age to avoid the risks associated with family members lacking talent and/or expropriating benefits.

Originality/value

This study is one of the first to give evidence on not only a direct (and positive) relationship between FI and economic performance, but also an indirect (and negative) moderating effect of FS and FA on this relationship.

Details

Journal of Small Business and Enterprise Development, vol. 24 no. 3
Type: Research Article
ISSN: 1462-6004

Keywords

Article
Publication date: 21 November 2016

Anna Glaser, Sonia Ben Slimane, Claire Auplat and Régis Coeurderoy

The purpose of this paper is to build a holistic theoretical framework of enabling factors contributing to the development of enterprise in nanotechnology-related industries, in a…

Abstract

Purpose

The purpose of this paper is to build a holistic theoretical framework of enabling factors contributing to the development of enterprise in nanotechnology-related industries, in a French context.

Design/methodology/approach

A systematic literature review methodology was adopted. The review used three gauges to identify enabling factors contributing to the development of enterprise in nanotechnology-related industries in a French context: first, it analysed the literature related to the development of nanotechnologies in a perspective of sustainability in a multidisciplinary stance (“Green view”). Second, it took a disciplinary stance by exploring academic journals in the field of entrepreneurship (“Entrepreneurship view”). Third, it studied the perspective of France (“French view”).

Findings

The main finding is that in spite of different approaches and sometimes seemingly conflicting stances, the three views converge on three enabling factors: the importance of knowledge sharing across boundaries, access to university scientists and facilities, and government intervention. However, each view also has its particularities: the “Green view” emphasizes the need for civil society inclusion, the “Entrepreneurship view” underlines the importance of early stage capital and entrepreneurial behaviour and the “French view” concentrates on the role of clusters.

Research limitations/implications

The paper provides a theoretical framework and a starting point for further work on entrepreneurial nanotechnology facilitation. Its findings constitute a benchmark which may be tested in empirical cases. The focus on the French context may be seen as a limitation but also as a source of interesting comparative work focussing on other national or regional contexts.

Practical implications

The paper shows that public policy is an important element in the nascent field of enterprise development for nano-based materials. It outlines how different contexts create different barriers to entrepreneurship, and it proposes recommendations to overcome some of these barriers.

Originality/value

In this paper, findings result from an exploration of the nanotechnology literature that focusses solely on nanotechnology data sets and not on mixed data sets. The use of three different gauges leads to the construction of a holistic theoretical framework that includes enabling factors as well as the types of barriers that entrepreneurs have to overcome to succeed.

Details

Journal of Small Business and Enterprise Development, vol. 23 no. 4
Type: Research Article
ISSN: 1462-6004

Keywords

Article
Publication date: 8 July 2014

Regis Coeurderoy, Nathalie Guilmot and Alain Vas

The purpose of this paper is to explore how drivers differentially speed up the change process adoption in the perspective of a technological change. More specifically, the paper…

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Abstract

Purpose

The purpose of this paper is to explore how drivers differentially speed up the change process adoption in the perspective of a technological change. More specifically, the paper aims to answer the following question: “Which factors impact the technological change adoption speed of an information system?” Based on an empirical study, our results identify three factors that have a direct influence on the speed of technological change adoption.

Design/methodology/approach

Using the Unified Theory of Acceptance and Use of Technology model as a point of departure, the paper analyzes the impact of eight variables grouped in four categories: the perceived attributes of change (performance expectancy and effort expectancy), social influence (peer influence and supervisor influence), facilitating conditions (initial training and helpdesk) and individual characteristics (receptivity to change and self-efficacy). To evaluate which factors accelerate or inhibit change adoption, the paper uses a statistical model of survival analysis.

Findings

Based on a 15-month longitudinal study of a workflow system implementation in a telecommunications firm, the results highlight that performance expectancy, supervisor influence and self-efficacy have a direct influence on the speed of technological change adoption.

Research limitations/implications

As a case study, the research findings may only be valid in the particular organization in which it is developed. Indeed, the organizational culture, the company's internal rules, and the history of the organization are factors which significantly influence the speed of change.

Practical implications

The results may help project leaders to be aware of the elements that must be dealt with effectively if a change process is to succeed within the allotted time.

Originality/value

The statistical model of survival analysis allows analyzing change adoption from a dynamic perspective. This statistical approach is quite new and complementary with most of the studies which are qualitative in the field.

Book part
Publication date: 16 May 2024

Alain Verbeke

“First principles” of international business (IB) thinking should be applied systematically when assessing the functioning of internationally operating firms. The most important…

Abstract

“First principles” of international business (IB) thinking should be applied systematically when assessing the functioning of internationally operating firms. The most important first principle is that entrepreneurially oriented firms seek to create, deliver and capture economic value through cross-border linkages. Such linkages invariably require complementary resources from a variety of parties with idiosyncratic vulnerabilities to be meshed. Starting from first principles allows bringing to light evidence-based insight. For instance, most companies are not global and even the world’s largest firms rarely change the location of key strategic functions. International new ventures (INVs), emerging economy multinational enterprises (MNEs) and family firms face unique vulnerabilities but also command resources that can be used to create value across borders. The quest for “optimal” international diversification appears to be a futile academic exercise, and in emerging economies with institutional voids, relational networks – and more broadly, informal institutions – are unlikely to function as scalable substitutes for formal institutions. In global value chains (GVCs), many lead firms and their partners have been able to craft governance mechanisms that reduce bounded rationality and bounded reliability challenges, and it is also critical for them to use governance as a tool to create entrepreneurial space. Finally, many of the world’s largest companies have been on successful trajectories toward reducing their climate change footprint for a few decades. But these firm-specific trajectories are fraught with challenges and cannot just be imposed via unilateral, macro-level targets decided upon by individuals and institutions lacking a clear understanding of innovation and capital expenditure processes in business.

Article
Publication date: 26 April 2022

Sayee Manohar Krishnamurthy and Krishna Venkitachalam

The purpose of this research is to portray the historical evolution of retailing from 1980 to 2020. The study considers India as the domain as it is one of the fastest growing…

Abstract

Purpose

The purpose of this research is to portray the historical evolution of retailing from 1980 to 2020. The study considers India as the domain as it is one of the fastest growing markets, and the retail growth is anticipated to reach more than one trillion dollars within this decade.

Design/methodology/approach

This paper captures the historical growth trajectory of retailing from the pre-online era to the online era and highlights how the retail environment has become modernized and sophisticated in the process in India.

Findings

The study traces the journey of retail from 1980 to the multi-billion-dollar sector it had become by 2020 in India. Furthermore, the article provides an overview of how the different retail forms and players in the Indian retail sector have been shaping the industry over the last four decades. During this period, there has been a transformational change in the format of Indian retailing. The Indian consumers' shopping mindset moved from physical in the 1980s to online, and now “Phygital” (Physical and Digital) in 2020s has become an omni-channel platform in Indian retail.

Originality/value

This paper aims to present a viewpoint of the evolutions of retailing from the unorganized to the organized form and from the physical to the online form over the last 40 years in the Indian retail sector landscape.

Details

Journal of Strategy and Management, vol. 16 no. 1
Type: Research Article
ISSN: 1755-425X

Keywords

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