Journal article 10 views
Unconventional philosophies and practices: Vietnamese family firm performance in multiple countries
Journal of Small Business Management
Swansea University Author: Paul Jones
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DOI (Published version): 10.1080/00472778.2024.2427201
Abstract
The diversity of business philosophies and practices across family firms suggests their performance is influenced by factors that can be hard to isolate or understand. Based on 215 observations of Vietnamese firms operating in Asia, Australia, Europe, and North America, we use fuzzy-set qualitative...
Published in: | Journal of Small Business Management |
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ISSN: | 0047-2778 1540-627X |
Published: |
Taylor and Francis
2024
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Online Access: |
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URI: | https://cronfa.swan.ac.uk/Record/cronfa68189 |
Abstract: |
The diversity of business philosophies and practices across family firms suggests their performance is influenced by factors that can be hard to isolate or understand. Based on 215 observations of Vietnamese firms operating in Asia, Australia, Europe, and North America, we use fuzzy-set qualitative comparative analysis techniques to discern the configurational relationships underlying their performance pathways. Of the 64 possible configurations, three pathways with a high consistency (95 percent) for high performance are distinguishable. These three pathways are characterized by varying degrees of family labor involvement, social network-based labor sourcing, and capital contributions from partners. They reveal how cultural factors, spiritual beliefs and practices, as well as the strength of firm networks influence the way these firms perform. Taken together, these insights offer valuable contributions to the theoretical understanding of family firm performance with practical and policy relevance. |
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Keywords: |
Family firm; performance conditions; fsQCA; necessity; sufficiency |
College: |
Faculty of Humanities and Social Sciences |
Funders: |
Swansea University |