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Journal of Small Business Strategy
Journal Prestige (SJR): 0.232
Citation Impact (citeScore): 1
Number of Followers: 0  

  This is an Open Access Journal Open Access journal
ISSN (Print) 1081-8510 - ISSN (Online) 2380-1751
Published by Middle Tennessee State University Homepage  [2 journals]
  • Credits

    • PubDate: 2018-02-09
      Issue No: Vol. 28, No. 1 (2018)
       
  • Editorial Notes

    • PubDate: 2018-02-09
      Issue No: Vol. 28, No. 1 (2018)
       
  • Should family firms internationalize' Evidence from the Survey of
           Business Owners

    • Authors: Mark D. Heileman, Timothy L. Pett
      Pages: 1 - 13
      Abstract: The purpose of this study was to explore the characteristics and performance of family-owned firms with internationalization. We were motivated to determine if there were significant differences between family-owned firms with internationalization and other firm types, specifically, family-owned firms without internationalization and non-family-owned firms. The study draws on the Census Bureau’s Survey of Business Owners (SBO) Public Use Microdata Sample (PUMS). SBO response variables regarding owner demographics, business acquisition, business context, and a number of business performance outcome measures were the outcome variables of interest in this study. A comparison of means was applied to test whether or not there were differences in response variables across the family-owned and non-family-owned firm types. The results indicated that family-owned firms with internationalization, on average, had lower business closures and higher sales than the other firm types, and that firms with internationalization were more efficient in terms of sales per employee and sales per payroll. This study contributes to understanding the characteristics and performance between family-owned and non-family-owned firms in conjunction with those that internationalize and those that did not internationalize. A novel feature of the study experimental design was the incorporation of primary owner characteristics and whether there were any business acquisition, attribute, and performance correlations. The findings suggest practical implications for business growth strategy with regards to exporting, establishing international operations, or outsourcing business functions out of the USA. The study concludes with a discussion of the findings and offers potential future research directions.
      PubDate: 2018-02-09
      Issue No: Vol. 28, No. 1 (2018)
       
  • Antecedents of successful internationalization in family and non-family
           firms: How knowledge resources and collaboration intensity shape
           international performance

    • Authors: Philipp Stieg, Beate Cesinger, Gerhard Apfelthaler, Sascha Kraus, Chang-Feng Cheng
      Pages: 14 - 27
      Abstract: The internationalization of family firms has increasingly been recognized as an important field of inquiry for international business scholars. And yet, there is a noticeable paucity of original research on key issues, including the differences in antecedents of international performance between family and non-family firms. By drawing on the revised Uppsala model of internationalization from 2009 and the concept of socio-emotional wealth, the present study applies Fuzzy Set Qualitative Comparative Analysis as a methodological approach to identify different configurational sets of antecedents for international performance. Our results suggest that differences in causal configurations of certain antecedents (education, international market knowledge, international business experience, and collaboration intensity) between family and non-family firms exist. Furthermore, we found that the specific characteristics of family firms explain these differences.
      PubDate: 2018-02-09
      Issue No: Vol. 28, No. 1 (2018)
       
  • Internationalization propensity in family-controlled public firms in
           emerging markets

    • Authors: Chiung-Wen Tsao, Miao-Ju Wang, Chia-Mei Lu, Shyh-Jer Chen, Yi-Hsien Wang
      Pages: 28 - 37
      Abstract: Internationalization propensity is a growing issue faced by family firms. This study contributes to the family business literature by developing a conceptual framework that can identify the family and managerial determinants that affect the extensiveness of internationalization. Drawing on the socioemotional wealth and upper echelon perspectives, it empirically examines the association among family heterogeneity (i.e., family participation is heterogeneous in terms of ownership and governance oversight), top management team (TMT) heterogeneity (i.e., the TMT’s background is heterogeneous in terms of its overseas education and industry experience), and internationalization propensity in publicly traded enterprises. The analysis of data collected from 105 public firms in Taiwan shows that active family participation in ownership and governance oversight and TMT overseas industry experience heterogeneity are significantly and positively associated with internationalization propensity. However, family ownership is found to be significantly but negatively associated with internationalization propensity. We finally discuss the implications of the presented findings for practitioners and organizational theorists.
      PubDate: 2018-02-09
      Issue No: Vol. 28, No. 1 (2018)
       
  • Innovativeness in Thai family SMEs: An exploratory case study

    • Authors: Pongsakorn Pitchayadol, Danupol Hoonsopon, Achara CHandrachai, Sipat Triukose
      Pages: 38 - 48
      Abstract: Over the past decade, academic research has revealed innovativeness to be one of the core components effecting SME performance. This research aims to study the linkage between innovativeness and “familiness” in family SMEs. The paper employs a qualitative approach and exploratory case studies, in collecting data on three categories of firms manufacturing, trading and servicing companies in order to identify how “familiness” effects the innovativeness of their family SMEs. To identify how “familiness” either accelerates or decelerates innovativeness in family SMEs, we adopted the F-PEC scale as a tool to study the connection between family and business values and also the impact of family commitments to the company. We found that power, experience and culture accelerate innovativeness in family SMEs. The paper illustrates the important role of family in firm innovativeness and how this can bring competitive advantage and success to family SMEs.
      PubDate: 2018-02-09
      Issue No: Vol. 28, No. 1 (2018)
       
  • How entrepreneurs anticipate the future market: An initial approach of a
           future market anticipation model for small businesses

    • Authors: Maria R. Rita, Sony Heru Priyanto, Roos K. Andadari, Jony O. Haryanto
      Pages: 49 - 65
      Abstract: This research examines and presents a new model concerning how small entrepreneurs predict what markets will be like in the future through considering the competitors, prices, finances, labor costs, raw materials, and progress of the ASEAN economic community. This study applies a descriptive explanatory technique. It also utilizes a quota sampling method with a structural equation model and qualitative descriptive technique. The research results reveal that companies’ entrepreneurial actions and backgrounds had a positive influence on anticipating the future. Next, future anticipation had a positive effect on the additional effort, market performance, and consumer value. It was also discovered that the entrepreneurial learning process consisted of three stages for employers. The learning process was done through parents as employees and from their direct exposure as entrepreneurs. This is considered hybrid entrepreneurship. This study attempts to fill the research gap pertaining to the lack of models on future market anticipation (FMA) by providing an appropriate quantitative research framework and new perspectives on exploring research into FMA for SMEs. Future studies need to focus on examining the function of the learning process as it pertains to hybrid entrepreneurship, as examined from a number of viewpoints.
      PubDate: 2018-02-09
      Issue No: Vol. 28, No. 1 (2018)
       
  • Sustainability reporting and its implications for family firms

    • Authors: Jeffrey F. Shields, Dianne H.B. Welsh, Joyce M. Shelleman
      Pages: 66 - 71
      Abstract: This paper examines sustainability reporting as a global performance metric for the family business concerned with environmental sustainability. Examples of reporting requirements and widely employed reporting frameworks are provided, including consideration of how these can advance sustainability goals. Implications for family firms to integrate sustainability goals in order to better compete worldwide are identified. These include issues of family firm commitment to sustainability and sustainability reporting, selecting an appropriate reporting framework, and developing an organization that enables both reporting and innovation to achieve sustainability.
      PubDate: 2018-02-09
      Issue No: Vol. 28, No. 1 (2018)
       
 
 
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