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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
first_indexed 2024-11-06T11:43:29Z
last_indexed 2025-01-09T20:32:53Z
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spelling 2024-12-16T15:02:17.9852818 v2 68189 2024-11-06 Unconventional philosophies and practices: Vietnamese family firm performance in multiple countries 21e2660aaa102fe36fc981880dd9e082 0000-0003-0417-9143 Paul Jones Paul Jones true false 2024-11-06 CBAE 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. Journal Article Journal of Small Business Management 0 Taylor and Francis 0047-2778 1540-627X Family firm; performance conditions; fsQCA; necessity; sufficiency 15 11 2024 2024-11-15 10.1080/00472778.2024.2427201 COLLEGE NANME Management School COLLEGE CODE CBAE Swansea University SU Library paid the OA fee (TA Institutional Deal) Swansea University 2024-12-16T15:02:17.9852818 2024-11-06T11:41:23.2132627 Faculty of Humanities and Social Sciences School of Management - Business Management Amon Simba 0000-0002-0276-8211 1 Mai Thi Thanh Thai 2 Aymen Ammari 3 James V. Koch 4 Paul Jones 0000-0003-0417-9143 5
title Unconventional philosophies and practices: Vietnamese family firm performance in multiple countries
spellingShingle Unconventional philosophies and practices: Vietnamese family firm performance in multiple countries
Paul Jones
title_short Unconventional philosophies and practices: Vietnamese family firm performance in multiple countries
title_full Unconventional philosophies and practices: Vietnamese family firm performance in multiple countries
title_fullStr Unconventional philosophies and practices: Vietnamese family firm performance in multiple countries
title_full_unstemmed Unconventional philosophies and practices: Vietnamese family firm performance in multiple countries
title_sort Unconventional philosophies and practices: Vietnamese family firm performance in multiple countries
author_id_str_mv 21e2660aaa102fe36fc981880dd9e082
author_id_fullname_str_mv 21e2660aaa102fe36fc981880dd9e082_***_Paul Jones
author Paul Jones
author2 Amon Simba
Mai Thi Thanh Thai
Aymen Ammari
James V. Koch
Paul Jones
format Journal article
container_title Journal of Small Business Management
container_volume 0
publishDate 2024
institution Swansea University
issn 0047-2778
1540-627X
doi_str_mv 10.1080/00472778.2024.2427201
publisher Taylor and Francis
college_str Faculty of Humanities and Social Sciences
hierarchytype
hierarchy_top_id facultyofhumanitiesandsocialsciences
hierarchy_top_title Faculty of Humanities and Social Sciences
hierarchy_parent_id facultyofhumanitiesandsocialsciences
hierarchy_parent_title Faculty of Humanities and Social Sciences
department_str School of Management - Business Management{{{_:::_}}}Faculty of Humanities and Social Sciences{{{_:::_}}}School of Management - Business Management
document_store_str 0
active_str 0
description 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.
published_date 2024-11-15T08:36:07Z
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score 11.047804

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