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Centre for Family Entrepreneurship and Ownership (CeFEO) | LinkedIn Centre for Family Entrepreneurship and Ownership (CeFEO) | 3 057 följare på LinkedIn. CeFEO is an internationally oriented research and learning center, combining academic excellence and practical relevance | CeFEO is one of the prime research and learning centers for family business and ownership...

Visit Spotlight for knowing more about the last research published at CeFEO

Spotlight by CeFEO Spotlight is an innovative online family business magazine designed to bridge the gap between cutting-edge research and real-world needs.

We are happy to announce that a new CeFEO Affiliated Researcher has joined the Centre! We welcome Miriam Bird.

Since June 2020, Miriam Bird has been serving as an Associate Professor of Entrepreneurship and Family Enterprise, as well as the Founding Director of the Global Center for Family Enterprise (https://www.mgt.tum.de/global-center-for-family-enterprise). Prior to joining TUM, she held positions as an assistant professor and director at the Global Center for Entrepreneurship and Innovation at the University of St. Gallen (2015-2020). Throughout her academic journey, Miriam has visited universities such as McGill University, the University of Alberta, and the École Polytechnique Fédérale de Lausanne. She earned her PhD degree in 2014 from the Department of Management at the Stockholm School of Economics.

Her research delves into the intersection of entrepreneurship and family business. Specifically, she focuses on exploring topics such as women's entrepreneurship, the design of new venture teams, strategic ownership, and the role of digital technologies in family enterprises. Furthermore, she endeavors to gain a better understanding of the social context in which entrepreneurs and family enterprises are embedded in. Her research findings have been published in journals such as Organization Science, the Journal of Business Venturing, and the Strategic Entrepreneurship Journal. Moreover, she has been the recipient of several prestigious international awards (e.g., the FFI Dissertation Award, the Carolyn Dexter Award, and the Kauffman Best Paper Award), and her work has been featured in various media outlets and business magazines.

Miriam has maintained a strong connection with and has been a frequent visitor to CeFEO since the inception of her PhD studies. Therefore, we are delighted to welcome her as an affiliated researcher!

The full list of CeFEO members can be found here: http://cefeo.se/members

Today CeFEO visiting PhD student Sascha Neumann from EBS University presented an interesting seminar with the title "Orphan Startups: An Exploratory Study on the Dynamics of Investor Director Replacements". The authors of this study investigate a largely overlooked dimension of venture boards: the dynamics surrounding investor director replacements. While the investing fund retains its shares, the responsible director, typically investment managers, may be replaced for various reasons, such as transitioning to a startup, retirement, or fund restructuring.

Thank you Sascha!

Congratulations to CeFEO members Lucia Naldi, Mattias Nordqvist, Francesco Chirico, and Leif Melin who, together with Luis Gómez-Mejia, Blake E. Ashforth, and Richard Swartz recently published the paper "From “FIBER” to “FIRE”: construct validation and refinement of the socioemotional wealth scale in family firms" in Entrepreneurship and Regional Development (ABS 3).

The study evaluates, refines and validates the FIBER 27-item scale developed by Berrone et al. (2012) as a psychometric instrument to measure the socioemotional wealth construct (SEW). The findings suggest that SEW is a superordinate multidimensional construct that captures socioemotional utilities in family firms and their impact on financial performance.

You can access the article here:

https://www.tandfonline.com/doi/full/10.1080/08985626.2024.2328294

How does parental divorce in an entrepreneur’s childhood affect his/her performance in adulthood?

In this new study in the Journal of Business Venturing (ABS 4), CeFEO member Josh Wei-Jun Hsueh, Mateja Andric (first author), Thomas Zellweger, and Isabella Hatak looked at the long-term consequences of parental divorce in early life for entrepreneurial performance in adulthood drawing on data from the U.S.

They found that:
- Parental divorce generates performance advantages in entrepreneurship by fostering individuals' self-efficacy, but also creates performance disadvantages by inhibiting their human capital accumulation.

- Whether advantages or disadvantages dominate depends on parental human capital: the relation between parental divorce and later entrepreneurial performance tends to be positive for entrepreneurs with low-educated parents and negative for those with highly educated parents – those born with privileges thus tend to fall from high.

You can read the full article here: https://www.sciencedirect.com/science/article/pii/S0883902624000120

Statistics show that men own twice as much of Sweden today.

Yesterday, CeFEO organised an Lunch & Learn event together with Ownershift - power shift through ownership to address this issue. CeFEO members Anna Nordén, Kajsa Haag Ph. D., and Dr. Sumaya Hashim together with Science Park Jönköpings län and Formue Sverige engaged with JIBS students to create discussions about these important statistics and its potential impact on their futures.

To demonstrate this, we created a plot twist where women received 70% of the sandwiches, while men only got 30%.

You can read more about the event here (in Swedish):

Männen äger 70 procent – kvinnornas protest för förändring ”Viktigt att blanda in en stor pott av humor.”

Congratulations to CeFEO member Madeleine Meurer who together with Maksim Belitski, Christian Fisch, and Roy Thurik recently published the article "What gets published and what doesn’t? Exploring optimal distinctiveness and diverse expectations in entrepreneurship articles" in Small Business Economics: An Entrepreneurship Journal (ABS 3).

The field of entrepreneurship has seen remarkable growth, increasing the expectations of academic audiences. Articles need to balance novelty with rigorous methodology, theoretical contributions, social implications, and coherent argumentation to succeed in the publication process. However, navigating these varied and sometimes conflicting expectations to achieve optimal distinctiveness in academic narratives is challenging for authors.

You can access the article here: https://link.springer.com/article/10.1007/s11187-023-00865-0

Congratulations to CeFEO members Lucia Naldi and Mohamed Genedy who, together with their co-author Andrea Kuiken (first author), recently published the article "Keeping One’s Options Open: Intermittent Exporting, Family Control, and Foreign Background" in Entrepreneurship Theory and Practice (ABS 4).

Intermittent exporting (repeatedly exiting and reentering foreign markets) is often associated with the initial stages of internationalization. However, some small and medium-sized enterprises (SMEs), including family firms, pursue an intermittent exporting strategy beyond the initial stages. Drawing on a refinement of the behavioral agency model (BAM) and real options reasoning, we theorize that a high level of family involvement in SMEs is positively associated with intermittent exporting. We also argue that this relationship is moderated by Chief Executive Officers (CEOs) and board members with a foreign background. We test our hypotheses using a unique longitudinal dataset of Swedish SMEs in the manufacturing and retail industries.

You can access the article here: https://journals.sagepub.com/doi/10.1177/10422587231226113

Congratulations to CeFEO members Massimo Baù (first author), Johan Karlsson, Kajsa Haag Ph. D., Daniel Pittino, and Francesco Chirico, PhD who recently published the article "Employee layoffs in times of crisis: do family firms differ?" in Entrepreneurship & Regional Development - An International Journal (ABS 3).

In this study, the authors use complete employer-employee data to identify involuntary dismissals and the impact of the 2007-2009 financial crisis on the involuntary turnover rates of family firms and non-family firms. The authors find that family firms are indeed more resilient to crises and that this resilience is lower for rural non-family firms. However, even during the crisis, their overall turnover rates are substantially lower. The results are robust across different types of specifications.

You can access the article here: https://www.tandfonline.com/doi/full/10.1080/08985626.2024.2309160

Congratulations to CeFEO Affiliated members Alessandro Cirillo (University of Naples Federico II (Università degli Studi di Napoli Federico II)) and Salvatore Sciascia (LIUC - Università Cattaneo) who together with their co-author Jonathan Bauweraerts (first author) recently published the article "Socioemotional Wealth and Tax Aggressiveness in Private Family Firms: The Role of the CEO’s Characteristics" in Family Business Review (ABS 3).

Building on recent works calling for more tax research in the family business context, this study draws on the distinction between restricted and extended socioemotional wealth (SEW) to analyze how both SEW dimensions affect tax aggressiveness. Based on a sample of 201 private Belgian family firms, consistent findings from multiple regression analyses indicate that restricted SEW is positively related to tax aggressiveness, whereas extended SEW exerts a negative influence on tax aggressiveness. The authors' results also indicate that the family status of the CEO, CEO gender and CEO tenure moderate the relationship between both SEW dimensions and tax aggressiveness.

You can access the article here: https://lnkd.in/dBjc_h7p

Yesterday, CeFEO PhD candidate Mohamed Genedy presented his final seminar at Jönköping International Business School titled "Beyond the bright side: Investigating dark aspects of independent entrepreneurship, family entrepreneurship, and corporate entrepreneurship."

The discussant was Professor Miriam Bird, TUM School of Management.

Supervisors: CeFEO members Lucia Naldi and Karin Hellerstedt