Family vs. non-family firms: a comparison of innovation, internationalization, and resilience
type: CreativeWork
description: Long-term survival is the most basic goal of an enterprise. Among the key factors affecting the survival of businesses, firstly, innovation, through investment in research and development to improve or refine products or processes, helps businesses to develop unique core competencies, and becomes a key driver of sustainable development in a competitive market. Secondly, internationalization has become a key strategy for firms to gain sustainable competitive advantage by improving existing resources, expanding into new markets and enhancing knowledge. Finally, proper crisis management also plays an essential role in determining the future success of an organization and its survival in times of crisis by increasing its level of resilience. For family firms that carry generations of people, they possess a stronger willingness to survive than non-family firms. This is due to the fact that family members are deeply attached to the mission and values of the business making them more focused on the long-term development of the business. In the field of family business research, as family firms are a heterogeneous group, the interactions between family members, the family and the firm, and the impact of these interactions on organizational outcomes have become an important topic in distinguishing between family and non-family firms in terms of the development of innovative activities. At the same time, the unique governance characteristics exhibited by family firms, such as the family ownership structure, and the impact of family members' involvement in management on the family's important strategic decisions, such as internationalization, also deserve further research. Finally, the role of family ownership, family governance in the crisis management of family firms and the resilience of family firms in the backdrop of the COVID-19 pandemic deserve further reflection. This study investigates family business performance in innovation, internationalization and resilience by a…
abstract: Long-term survival is the most basic goal of an enterprise. Among the key factors affecting the survival of businesses, firstly, innovation, through investment in research and development to improve or refine products or processes, helps businesses to develop unique core competencies, and becomes a key driver of sustainable development in a competitive market. Secondly, internationalization has become a key strategy for firms to gain sustainable competitive advantage by improving existing resources, expanding into new markets and enhancing knowledge. Finally, proper crisis management also plays an essential role in determining the future success of an organization and its survival in times of crisis by increasing its level of resilience. For family firms that carry generations of people, they possess a stronger willingness to survive than non-family firms. This is due to the fact that family members are deeply attached to the mission and values of the business making them more focused on the long-term development of the business. In the field of family business research, as family firms are a heterogeneous group, the interactions between family members, the family and the firm, and the impact of these interactions on organizational outcomes have become an important topic in distinguishing between family and non-family firms in terms of the development of innovative activities. At the same time, the unique governance characteristics exhibited by family firms, such as the family ownership structure, and the impact of family members' involvement in management on the family's important strategic decisions, such as internationalization, also deserve further research. Finally, the role of family ownership, family governance in the crisis management of family firms and the resilience of family firms in the backdrop of the COVID-19 pandemic deserve further reflection. This study investigates family business performance in innovation, internationalization and resilience by a…
author: Yin, Yuping
language: en
keywords: Family firms, Innovation, Internationalization, Resilience
license: https://creativecommons.org/licenses/by-nc-nd/4.0/
date published: 2024
date modified: 2026-07-24T01:47:19Z
provider: University College Cork
publisher: Networked Digital Library of Theses and Dissertations
type: WebPage
source organization: University College Cork

PropertyValue
property ID: Handle
value: https://hdl.handle.net/10468/18422