- United States
Clay Dibrell
University of Mississippi, Management, Faculty Member
- noneedit
- CLAY DIBRELL is a Professor of Management, Chair of Entrepreneurial Excellence at The University of Mississippi, and ... moreCLAY DIBRELL is a Professor of Management, Chair of Entrepreneurial Excellence at The University of Mississippi, and a US Fulbright Scholar. Areas of research interest include family enterprises, innovation, and environmental sustainability. His research has been be published in leading academic journals including Entrepreneurship Theory & Practice, Journal of Management, Family Business Review, Journal of Family Business Strategy, Journal of Business Research, Small Business Economics, IEEE Transactions on Engineering Management, and Journal of World Business. He is on multiple editorial review boards, as well as a special issue guest editor for multiple journals.edit
This study investigates the relationship between board social activity (i.e., frequency of board meetings) and firm performance in publicly traded family and non-family firms, focusing on the moderating effects of family involvement... more
This study investigates the relationship between board social activity (i.e., frequency of board meetings) and firm performance in publicly traded family and non-family firms, focusing on the moderating effects of family involvement (i.e., family ownership and at least one family member on the board of directors). Our investigation is based on a database of 172 family and non-family firms listed on the Italian Stock Exchange over a 10-year period (1,098 observations). The results indicate a curvilinear (inverted Ushaped) relationship between board meeting frequency and firm accounting performance. Moreover, family involvement positively moderates this curvilinear relationship, leading to an optimal level of board meetings, which is higher in firms with increasing family involvement than in other firms. Applying behavioral governance theory, we contribute to explain how boards of directors influence firm performance through the board context (i.e., family involvement) and arrangements (i.e., frequency of board meetings/social interactions), providing evidence for family firm heterogeneity.
A variety of work has explored the firm level influences impacting innovativeness in family firms, yet little emphasis has been placed on the effect of the business family on family firm innovativeness. Drawing on the resource-based view... more
A variety of work has explored the firm level influences impacting innovativeness in family firms, yet little emphasis has been placed on the effect of the business family on family firm innovativeness. Drawing on the resource-based view and family commitment literatures, this analysis answers recent calls to consider the simultaneous influence the family system and the business system have on entrepreneurial activities. Using primary data, we study 275 family firms from multiple countries, to enhance our understanding of the fundamentals of family firm entrepreneurship. Specifically, we examine how family commitment influences family firm resource stocks (i.e., human, social, and financial), which consequently impact the entrepreneurial family firm outcome, innovativeness. Our findings suggest that some resource stocks (i.e., human and social capitals) mediate this relationship, whereas another resource stock (i.e., financial capital) does not. Our analysis demonstrates the differential impact of the disparate forms of capital on family firms' innovativeness.
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This analysis provides a review of family business literature concerning the application of socioemotional wealth (SEW) and its extension through the FIBER framework. Specifically, we answer Brigham and Payne’s call by assessing the... more
This analysis provides a review of family business literature concerning the application of socioemotional wealth (SEW) and its extension through the FIBER framework. Specifically, we answer Brigham and Payne’s call by assessing the multidimensionality of the SEW construct, the interrelatedness of the dimensions, and its specificity to family firms. We contribute to the literature by conducting a systematic review of the SEW literature and examining the applications of the FIBER dimensions, noting the evolution of specific research themes. Last, using necessary condition analysis, we provide four conceptual inferences regarding the assumptions of SEW to provide a way forward.
Research Interests:
The present guest editorial offers a review of the different conceptualizations of families in business used in research to date, shedding light on the unique characteristics of each type. Understanding the family through the lens of... more
The present guest editorial offers a review of the different conceptualizations of families in business used in research to date, shedding light on the unique characteristics of each type. Understanding the family through the lens of social systems theory offers a means for researchers to study contextually embedded family systems, offering a foundation for studying differences among families. We demonstrate that the family business system (ownership, business, family) is incomplete without a fourth component, that of the family in business. We then present the papers included in this special issue and highlight the collective contribution to research in the fields of family business and family entrepreneurship and provide directions for future research.
This analysis provides a review of family business literature concerning the application of socioemotional wealth (SEW) and its extension through the FIBER framework. Specifically, we answer Brigham and Payne's (2019) call by assessing... more
This analysis provides a review of family business literature concerning the application of socioemotional wealth (SEW) and its extension through the FIBER framework. Specifically, we answer Brigham and Payne's (2019) call by assessing the multidimensionality of the SEW construct, the interrelatedness of the dimensions, and its specificity to family firms. We contribute to the literature by conducting a systematic review of the SEW literature and examining the applications of the FIBER dimensions, noting the evolution of specific research themes. Lastly, using necessary condition analysis, we provide four conceptual inferences regarding the assumptions of SEW to provide a way forward.
Research Interests: Business and Agribusiness
Relying on a social identity framework, the current research investigates new director selection patterns in family-influenced and lone-founder firms. Based on 8,042 occurrences of new director pla...
Despite the prevalence of people starting new entrepreneurial ventures while maintaining full-time, organizational employment, scholars have only recently begun paying attention to these part- time, “hybrid” entrepreneurs. However,... more
Despite the prevalence of people starting new entrepreneurial ventures while maintaining full-time, organizational employment, scholars have only recently begun paying attention to these part- time, “hybrid” entrepreneurs. However, several advantages flow to the entrepreneur as a result of simultaneous engagement in entrepreneurial roles (i.e., working for oneself) and employee roles (i.e., working for someone else) such as access to opportunities, development of human and social capital, and financial support. But, while the literature explaining how organizational employment complements entrepreneurship has grown, few scholars have considered how an employee’s part-time venturing might actually benefit the employer. In this paper, we rely on entrepreneurial learning and role enrichment theories to theoretically explore the potential for innovative behavioral spillover from entrepreneurial roles to organizational roles for persons engaged in hybrid entrepreneurship. We propose individual and organization...
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ABSTRACT One of the most fundamental indicators of a facility's social sustainability is the health and safety of its workers. Yet the literature provides little guidance for engineering managers, workers or researchers trying to... more
ABSTRACT One of the most fundamental indicators of a facility's social sustainability is the health and safety of its workers. Yet the literature provides little guidance for engineering managers, workers or researchers trying to understand how practices designed to enhance productivity will impact the safety of operational workers. The present research addresses that gap by simultaneously examining operational “best” practices such as quality management and just-in-time and performance outcomes such as productivity and worker safety. To control for the myriad of potential problems with self-reports of worker safety performance, we match secondary data provided by the state of Oregon with managers’ self-reported responses to operational practices. The results show that the relationship between operational practices and safety outcomes is nuanced with just-in-time harming worker safety, an impact that can be mitigated by the adoption of team-based work up to a point, as the relationship between JIT and team-based work is U-shaped.
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This study advances knowledge about strategies new food businesses can use to achieve legitimacy by continuing the scale development work of Johnson et al. (2018). We test, extend, and validate an instrument used to measure... more
This study advances knowledge about strategies new food businesses can use to achieve legitimacy by continuing the scale development work of Johnson et al. (2018). We test, extend, and validate an instrument used to measure food/Agribusiness legitimacy. A principal component analysis of data from a 50-item questionnaire instrument administered to food businesses that have worked with a land-grant university food processing center revealed an underlying nine-component structure which contributed to about 80% of the explained variance in the pattern of relationships among questionnaire items, differing from previous studies. We discuss these differences and make recommendations to refine the scale.
Research Interests: Business and Agribusiness
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Comparatively, very little of the Household Income and Labour Dynamics (HILDA) data set has been used to analyse the activities of Australian small business owner-operators, even though there are currently some 1.8 million small firms in... more
Comparatively, very little of the Household Income and Labour Dynamics (HILDA) data set has been used to analyse the activities of Australian small business owner-operators, even though there are currently some 1.8 million small firms in existence. Using multiple waves of the HILDA survey, in this paper we investigate two important research questions related to life in a small business in Australia. Question one seeks to uncover differences between small business respondents and employees of private sector firms, by examining issues related to (i) life satisfaction, (ii) job satisfaction, (iii) individual priorities, (iv) perceived prosperity, (v) risk preferences, and (vi) individual health (general health, vitality, social functioning, emotional well-being, mental health). The second question then examines whether the factors that contribute to life satisfaction are different for the selfemployed and the employee groups. Our principal findings are that the level of satisfaction be...
With family business heterogeneity entering the family business vernacular at the turn of the century, there have been increasing calls to study within family businesses and to move beyond comparing between nonfamily businesses to family... more
With family business heterogeneity entering the family business vernacular at the turn of the century, there have been increasing calls to study within family businesses and to move beyond comparing between nonfamily businesses to family businesses. In this introductory chapter, we provide a classifying framework to group preliminary heterogeneity articles into a 2 × 2 framework by forms of evidence (anecdotal-based and empirical based) and context comparison (between family and nonfamily firms and within family firms). We then introduce the 34 book chapters from leading authors from around the world and often from different disciplines. These chapters are organized in the following family heterogeneity thematic areas: the present state of family business research, family governance, nonfinancial and financial dynamics, organizational behavior and human resource management, and strategies. The intention of this edited volume of book chapters is to provide source material for additional conversations and evidence-based research on family business heterogeneity.
This paper provides an exploratory examination of market reaction to announcements of turnaround strategies from firms involved in the turnaround process. The findings of this paper suggest the market reacts positively to announced... more
This paper provides an exploratory examination of market reaction to announcements of turnaround strategies from firms involved in the turnaround process. The findings of this paper suggest the market reacts positively to announced turnaround strategies. Interestingly, nonturnaround firms posted higher positive abnormal returns than firms that eventually were able to successfully complete a turnaround.
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Abstract We propose that due to the decreased spectrum of available strategies (i.e., social simplicity) and simplified mechanisms of value creation (i.e., causal clarity) associated with a greater reliance on data-driven decisions in... more
Abstract We propose that due to the decreased spectrum of available strategies (i.e., social simplicity) and simplified mechanisms of value creation (i.e., causal clarity) associated with a greater reliance on data-driven decisions in highly competitive and specialized industries, the positive effects of social capital for data analytics on firm performance will diminish when firms predominantly adopt data-driven decision-making in deploying human resources. Alternatively, the positive effect associated with social capital in data analytics is more profound when moderated by intuition-based (i.e., idiosyncratic knowledge) decision-making for managing HR selections. To test our hypotheses, we observed 30 major league baseball (MLB) teams over 6 years from 2009 to 2014 as the early phase of the ‘big data era’ that began as a result of PITCHf/x tracking systems in all MLB stadiums being implemented. Our findings suggest that the introduction of the system to all ballparks and resulting dispersion of specialized human capital across this industry facilitates firm specificity of data analytic knowledge to become generic overtime.
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The aim of this special issue is to enhance knowledge and understanding of the distinctive, paradoxical landscape of the family business. In particular, it investigates the strategies used by family businesses to manage such tensions and... more
The aim of this special issue is to enhance knowledge and understanding of the distinctive, paradoxical landscape of the family business. In particular, it investigates the strategies used by family businesses to manage such tensions and to navigate this landscape where numerous paradoxes relating to family businesses have been identified. Moores and Barrett provide an overview of this distinctive, paradoxical landscape, which comprised a systematic literature review of 203 items spanning an eighteen-year period. After a rigorous reviewing process, three papers were selected for inclusion in this special issue, namely, Radu-Lefebvre and Randerson; Helvert-Beugels, Flören and Nordqvist; and Discua Cruz, which accumulatively improve our understanding of the antecedents, consequences and dynamic processes of paradoxical tensions within a family business. Finally, future research directions which acknowledge the family businesses as ageless, mindful, intuitive, collaborative and paradox...
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In this paper, we explain and examine how engaging in part-time entrepreneurship (creating and managing side businesses while remaining employed for wages in existing organizations) uniquely positions individuals to exhibit innovative... more
In this paper, we explain and examine how engaging in part-time entrepreneurship (creating and managing side businesses while remaining employed for wages in existing organizations) uniquely positions individuals to exhibit innovative behavior in employee roles. To study this phenomenon, we integrate the literatures on entrepreneurial learning, knowledge and learning transfer, and employee innovation. We hypothesize that part-time entrepreneurship provides an opportunity for individuals to acquire knowledge and skills conducive to enacting innovative behaviors as employees. Multilevel regression analysis of a sample of 1,221 employee responses across 137 organizational units provides evidence to support our positive transferal hypothesis. Further, we find that individual differences in goal orientations and work-unit climates for innovation strengthen these relationships.
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Abstract Drawing on the identity fit perspective in organizational identity research, we investigate changes in new director selection patterns for family-influenced (i.e., family identity) and lone founder (i.e., entrepreneurial... more
Abstract Drawing on the identity fit perspective in organizational identity research, we investigate changes in new director selection patterns for family-influenced (i.e., family identity) and lone founder (i.e., entrepreneurial identity) firms experiencing growth. We collect over 7000 observations of new director placements from 2001 to 2014 and find that both family-influenced and lone founder firms tend to decrease the selection of new directors with similar firm-type board experience as firm size grows and firm performance deviates from that of similar firms. Lone founder firms also decrease the extent to which they hire new directors with previous board experience in lone founder firms following the appointment of a nonfounder CEO. We conclude that while family-influenced firms often use new director selection decisions to maintain the fit between family and firm identity, firm growth creates challenging conditions that threaten family-firm identity maintenance.
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Drawing on complementary theoretical perspectives, we investigate whether and to what extent family-influenced firms differ from their nonfamily counterparts in terms of the relationship between managerial attention to natural... more
Drawing on complementary theoretical perspectives, we investigate whether and to what extent family-influenced firms differ from their nonfamily counterparts in terms of the relationship between managerial attention to natural environmental issues and concomitant environmental actions. Using data from letters to shareholders and the KLD database, we investigate 97 firms in five polluting industries. Our findings indicate that family firms positively moderate the relationship between top managers’ attention to natural environmental issues and proactive environmental action. Conversely, nonfamily firms demonstrate less proactive environmental action as their attention to environmental issues increases, suggesting greenwashing. We argue that attention and action behaviors in family firms are intimately connected with their desire to preserve socioemotional wealth and indicate a lower propensity to greenwash, whereas nonfamily firms’ short-term financial objectives may motivate a differ...
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While stewardship theory is often used to explain family business outcomes, no prior empirical study has used a validated measure of stewardship. We, therefore, surveyed 846 managers and subordinates from 221 family and nonfamily firms in... more
While stewardship theory is often used to explain family business outcomes, no prior empirical study has used a validated measure of stewardship. We, therefore, surveyed 846 managers and subordinates from 221 family and nonfamily firms in the United States and Australia to develop a reliable and valid Stewardship Climate Scale. We found family firms have a stronger stewardship climate and the relationship between stewardship climate and performance is mediated by innovativeness, and the effects of stewardship are stronger in family firms, confirming the value of stewardship theory, and our scale, when explaining family business outcomes.
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In this introduction, we discuss social issue research in the management and family business literatures, focusing on ethics, corporate social responsibility, and philanthropic practices of family enterprises. Next, we introduce and... more
In this introduction, we discuss social issue research in the management and family business literatures, focusing on ethics, corporate social responsibility, and philanthropic practices of family enterprises. Next, we introduce and highlight four articles accepted for publication. The editorial concludes by presenting future research questions at the social issues—family business interface. Our review of 35 articles, as well as those included in this Special Issue, suggest that family businesses are more attuned and attentive to social issues and stakeholders than nonfamily business. Noneconomic motivations (e.g., reputation, socioemotional wealth, and stewardship) appear particularly salient to family enterprises.
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Previous studies suggest that individual career satisfiers such as earning wealth and developing relationships with employees are important drivers of intentions to start an entrepreneurial career. However, less is known about their... more
Previous studies suggest that individual career satisfiers such as earning wealth and developing relationships with employees are important drivers of intentions to start an entrepreneurial career. However, less is known about their effects on broader, downstream career decisions such as intentions to remain in entrepreneurial careers. Based on data from 228 business owners, we find that employee relationship career satisfiers drive intentions to remain in entrepreneurship while status-based career satisfiers do not. Further, our study reveals that the cognitive relationships between career satisfiers and career continuance intentions are socially situated such that emotional support from family changes these relationships, especially when examined between owners of family and nonfamily businesses.
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ABSTRACT This article investigates the moderating effects of organizational social consciousness on the natural environmental competency and innovativeness relationship. Organizational social consciousness reflects the organization’s... more
ABSTRACT This article investigates the moderating effects of organizational social consciousness on the natural environmental competency and innovativeness relationship. Organizational social consciousness reflects the organization’s awareness of its place and contribution to the larger system in which it exists and is developed through an organization’s social responsibility, ethics, culture, corporate values, and the view of its stakeholders. Through our study of key strategic decision makers from organizations located in the USA, we operationalize organizational social consciousness and demonstrate the efficacy of this construct in relation to the organizational-level constructs of environmental management competency and innovativeness. Our results reveal that organizational social consciousness positively strengthens the natural environmental competency to organizational innovativeness relationship.
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We investigate the moderating effects of the natural environment on the market orientation to firm innovativeness relationship in growth versus mature firms. 237 owners or chief executive officer respondents allowed us to establish... more
We investigate the moderating effects of the natural environment on the market orientation to firm innovativeness relationship in growth versus mature firms. 237 owners or chief executive officer respondents allowed us to establish evidence of (1) positive linkage between market orientation and firm innovativeness and (2) natural environmental policy moderates the market orientation to firm innovativeness relationship in growth ventures and not in their more mature peers. Our findings suggest ventures characterized as being in the growth stage are more likely to employ a more positive policy toward the natural environment to gain a long-term competitive advantage through firm innovativeness.
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This paper focuses on the use of time-based strategies by firms to compete more effectively in global markets. Time-based competition focuses on reducing cycle time from every facet of the value-delivery system. Time is regarded as a... more
This paper focuses on the use of time-based strategies by firms to compete more effectively in global markets. Time-based competition focuses on reducing cycle time from every facet of the value-delivery system. Time is regarded as a "fixed" variable and is the pivotal focus of cycle time reduction. The current study examines the relationship between internationalization and cycle time, and how their interaction relates to firm performance.
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Page 185. In: Transition Economies: 21st Century Issues and Challenges ISBN: 978-1-60456-082-4 Editor: Gergo M. Lakatos, pp. 169-188© 2008 Nova Science Publishers, Inc. Chapter 6 PRIVATISATION AND ECONOMIC ...
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The aim of this special issue is to enhance knowledge and understanding of the distinctive, paradoxical landscape of the family business. In particular, it investigates the strategies used by family businesses to manage such tensions and... more
The aim of this special issue is to enhance knowledge and understanding of the distinctive, paradoxical landscape of the family business. In particular, it investigates the strategies used by family businesses to manage such tensions and to navigate this landscape where numerous paradoxes relating to family businesses have been identified. Moores and Barrett provide an overview of this distinctive, paradoxical landscape, which comprised a systematic literature review of 203 items spanning an eighteen-year period. After a rigorous reviewing process, three papers were selected for inclusion in this special issue, namely, Radu-Lefebvre and Randerson; Helvert-Beugels, Flören and Nordqvist; and Discua Cruz, which accumulatively improve our understanding of the antecedents, consequences and dynamic processes of paradoxical tensions within a family business. Finally, future research directions which acknowledge the family businesses as ageless, mindful, intuitive, collaborative and paradoxical are provided.
We propose that due to the decreased spectrum of available strategies (i.e., social simplicity) and simplified mechanisms of value creation (i.e., causal clarity) associated with a greater reliance on data-driven decisions in highly... more
We propose that due to the decreased spectrum of available strategies (i.e., social simplicity) and simplified mechanisms of value creation (i.e., causal clarity) associated with a greater reliance on data-driven decisions in highly competitive and specialized industries, the positive effects of social capital for data analytics on firm performance will diminish when firms predominantly adopt data-driven decision-making in deploying human resources. Alternatively, the positive effect associated with social capital in data analytics is more profound when moderated by intuition-based (i.e., idiosyncratic knowledge) decision-making for managing HR selections. To test our hypotheses, we observed 30 major league baseball (MLB) teams over 6 years from 2009 to 2014 as the early phase of the ‘big data era’ that began as a result of PITCHf/x tracking systems in all MLB stadiums being implemented. Our findings suggest that the introduction of the system to all ballparks and resulting dispersion of specialized human capital across this industry facilitates firm specificity of data analytic knowledge to become generic overtime. Balancing analytics and intuition improved performance of the MLB clubs. However, before big data infrastructure was established, data analytics alone strongly contributed to performance.
While stewardship theory is often used to explain family business outcomes, no prior empirical study has used a validated measure of stewardship. We, therefore, surveyed 846 managers and subordinates from 221 family and nonfamily firms in... more
While stewardship theory is often used to explain family business outcomes, no prior empirical study has used a
validated measure of stewardship. We, therefore, surveyed 846 managers and subordinates from 221 family and
nonfamily firms in the United States and Australia to develop a reliable and valid Stewardship Climate Scale. We
found family firms have a stronger stewardship climate and the relationship between stewardship climate and
performance is mediated by innovativeness, and the effects of stewardship are stronger in family firms, confirming
the value of stewardship theory, and our scale, when explaining family business outcomes.
validated measure of stewardship. We, therefore, surveyed 846 managers and subordinates from 221 family and
nonfamily firms in the United States and Australia to develop a reliable and valid Stewardship Climate Scale. We
found family firms have a stronger stewardship climate and the relationship between stewardship climate and
performance is mediated by innovativeness, and the effects of stewardship are stronger in family firms, confirming
the value of stewardship theory, and our scale, when explaining family business outcomes.
Drawing on complementary theoretical perspectives, we investigate whether and to what extent family-influenced firms differ from their nonfamily counterparts in terms of the relationship between managerial attention to natural... more
Drawing on complementary theoretical perspectives, we investigate whether and to what extent family-influenced firms differ from their nonfamily counterparts in terms of the relationship between managerial attention to natural environmental issues and concomitant environmental actions. Using data from letters to shareholders and the KLD database, we investigate 97 firms in five polluting industries. Our findings indicate that family firms positively moderate the relationship between top managers' attention to natural environmental issues and proactive environmental action. Conversely, nonfamily firms demonstrate less proactive environmental action as their attention to environmental issues increases, suggesting greenwashing. We argue that attention and action behaviors in family firms are intimately connected with their desire to preserve socioemotional wealth and indicate a lower propensity to greenwash, whereas nonfamily firms' short-term financial objectives may motivate a different response pattern.
In this paper, we explain and examine how engaging in part-time entrepreneurship (creating and managing side businesses while remaining employed for wages in existing organizations) uniquely positions individuals to exhibit innovative... more
In this paper, we explain and examine how engaging in part-time entrepreneurship (creating and managing side businesses while remaining employed for wages in existing organizations) uniquely positions individuals to exhibit innovative behavior in employee roles. To study this phenomenon, we integrate the literatures on entrepreneurial learning, knowledge and learning transfer, and employee innovation. We hypothesize that part-time entrepreneurship provides an opportunity for individuals to acquire knowledge and skills conducive to enacting innovative behaviors as employees. Multilevel regression analysis of a sample of 1,221 employee responses across 137 organizational units provides evidence to support our positive transferal hypothesis. Further, we find that individual differences in goal orientations and work-unit climates for innovation strengthen these relationships.
Previous studies suggest that individual career satisfiers such as earning wealth and developing relationships with employees are important drivers of intentions to start an entrepreneurial career. However, less is known about their... more
Previous studies suggest that individual career satisfiers such as earning wealth and developing relationships with employees are important drivers of intentions to start an entrepreneurial career. However, less is known about their effects on broader, downstream career decisions such as intentions to remain in entrepreneurial careers. Based on data from 228 business owners, we find that employee relationship career satisfiers drive intentions to remain in entrepreneurship while status-based career satisfiers do not. Further, our study reveals that the cognitive relationships between career satisfiers and career continuance intentions are socially situated such that emotional support from family changes these relationships, especially when examined between owners of family and nonfamily businesses.
Drawing on the identity fit perspective in organizational identity research, we investigate changes in new director selection patterns for family-influenced (i.e., family identity) and lone founder (i.e., entrepreneurial identity) firms... more
Drawing on the identity fit perspective in organizational identity research, we investigate changes in new director selection patterns for family-influenced (i.e., family identity) and lone founder (i.e., entrepreneurial identity) firms experiencing growth. We collect over 7000 observations of new director placements from 2001 to 2014 and find that both family-influenced and lone founder firms tend to decrease the selection of new directors with similar firm-type board experience as firm size grows and firm performance deviates from that of similar firms. Lone founder firms also decrease the extent to which they hire new directors with previous board experience in lone founder firms following the appointment of a nonfounder CEO. We conclude that while family-influenced firms often use new director selection decisions to maintain the fit between family and firm identity, firm growth creates challenging conditions that threaten family-firm identity maintenance.
This paper provides an exploratory examination of market reaction to announcements of turnaround strategies from firms involved in the turnaround process. The findings ofthis paper suggest the market reacts positively to announced... more
This paper provides an exploratory examination of market reaction to announcements of turnaround strategies from firms involved in the turnaround process. The findings ofthis paper suggest the market reacts positively to announced turnaround strategies. Interestingly, nonturnaroundfirms posted higher positive abnormal returns than firms that eventually were able to successfully complete a turnaround.
This paper provides an exploratory examination of market reaction to announcements of turnaround strategies from firms involved in the turnaround process. The findings ofthis paper suggest the market reacts positively to announced... more
This paper provides an exploratory examination of market reaction to announcements of turnaround strategies from firms involved in the turnaround process. The findings ofthis paper suggest the market reacts positively to announced turnaround strategies. Interestingly, nonturnaroundfirms posted higher positive abnormal returns than firms that eventually were able to successfully complete a turnaround.
The purpose of this book is to build upon the framework in Figure 1 by further fleshing out the heterogeneity nuances of family businesses and to extend the reach of the family business domain through the editorially reviewed chapters of... more
The purpose of this book is to build upon the framework in Figure 1 by further fleshing out the heterogeneity nuances of family businesses and to extend the reach of the family business domain through the editorially reviewed chapters of family business scholars from diverse backgrounds with many originating outside of the management discipline. This edited volume is organized in five broad thematic areas: the present state of family business research, family governance, non-financial and financial dynamics, organizational behavior and human resource management, and strategies.