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Issah, Wunnam Basit 
ORCID: https://orcid.org/0000-0002-0942-8228, Anwar, Muhammad, Clauss, Thomas and Kraus, Sascha
(2023)
Managerial capabilities and strategic renewal in family firms in crisis situations: The moderating role of the founding generation.
Journal of Business Research, 156.
ISSN 0148-2963
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Abstract
This study examines whether founding generation managed family firms are capable of responding proactively to the COVID-19 disruption via firm renewal. We used a unique global COVID-19 crisis specific survey dataset comprising of 2,130 family firm observations. Our findings indicate that in comparison to the later generations, founding generation-managed family firms only do better at strategic renewal as a response to the crisis when they have sufficient managerial capabilities. Our study recommends that family businesses, especially those managed by the founding generations should emphasize managerial capabilities rather than merely focusing on socioemotional wealth (SEW) when deciding on crisis coping strategies.
| Item Type: | Article |
|---|---|
| Faculty \ School: | Faculty of Social Sciences > Norwich Business School |
| UEA Research Groups: | Faculty of Social Sciences > Research Groups > Strategy and Entrepreneurship |
| Depositing User: | LivePure Connector |
| Date Deposited: | 14 Mar 2024 15:30 |
| Last Modified: | 27 Nov 2024 10:42 |
| URI: | https://ueaeprints.uea.ac.uk/id/eprint/94700 |
| DOI: | 10.1016/j.jbusres.2022.113486 |
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