june, 2019

20jun201912:00Family Business Values at Work: An Empirical Study on how Familiness Encourages Post Cross-Border Acquisition Employee Integration Anne Sluhan (Texas A&M University)
12:00
Activity:Research seminar

Event Details

Room 1037, 690 Building

Abstract: Familiness, the bundle of idiosyncratic resources and capabilities (Habbershon, Williams, & MacMillan, 2003) related to family involvement and interactions with a firm, has been shown to affect the way family firms create strategies. Dimensions of familiness include power, experience, and culture (Astrachan, Klein, & Smyrnios, 2002; Klein, Astrachan, & Smyrnios, 2005). Within the culture dimension of familiness, a key element is the presence of family business values, a group of social principles, goals, and standards that define what members of an organization care about (Hatch 1997). Family business values highlighted in the literature include honesty, commitment, fairness, responsibility, integrity, quality, industriousness, and ethical conduct (Koiranen, 2002) . These are thought to strongly influence the ways a family firm governs, operates, develops strategies, and makes decisions (Koiranen, 2002). While research on family firms is flourishing, particularly on topics such as definitional issues (Chrisman, Chua, & Sharma, 2005; Gedajlovic, Carney, Chrisman, & Kellermanns, 2012; Sharma, 2004), governance (Aguilera & Crespi-Cladera, 2012), competitive advantages (Carney, Gedajlovic, Heugens, Van Essen, & Van Oosterhout, 2011; Hitt & Sirmon, 2003; Miller, Le Breton-Miller, & Lester, 2011; Zellweger, Eddleston, & Kellermanns, 2010), and succession (De Massis, A., Chua, J. H., & Chrisman, J. J. 2008; McKee, Madden, Kellermanns, & Eddleston, 2014), scholars have yet to fully explore family business values. Although addressed in various conceptual papers (Distelberg & Sorenson, 2009; Fletcher, Melin, & Gimeno, 2012), there seems to be a paucity of empirical papers on family business values. In this paper, we address the role of family business values in supporting post-acquisition integration, which is an important issue in the mergers and acquisition (M&A) literature (Viegas-Pires, 2013), and particularly within the context of cross border mergers and acqusitions. Although many cultural elements of post-acquisition integration have been studied, many remain unexamined (Riikka M. Sarala, Vaara, & Junni, 2017): specifically family business values (FBV) in cross-border acquisitions.

Keywords: family firm internationalization, cross border acquisition, integration, family business values

Organizer

Anne Sluhan (Texas A&M University)

Time

(Thursday) 12:00

Location

Faculty of Economics and Business

Faculty of Economics and Business - UB, 690 Building


0 Comments

Leave A Comment