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Unconventional philosophies and practices: Vietnamese family firm performance in multiple countries

Amon Simba Orcid Logo, Mai Thi Thanh Thai, Aymen Ammari, James V. Koch, Paul Jones Orcid Logo

Journal of Small Business Management

Swansea University Author: Paul Jones Orcid Logo

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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...

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Published in: Journal of Small Business Management
ISSN: 0047-2778 1540-627X
Published: Taylor and Francis 2024
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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.
Keywords: Family firm; performance conditions; fsQCA; necessity; sufficiency
College: Faculty of Humanities and Social Sciences
Funders: Swansea University

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