Call for papers - The challenges of the Latin American family firms

2023-01-13
The challenges of the Latin American family firms Submissions open January 16th, 2023; Submissions due April 16th, 2023   Guest Editors

Guadalupe del Carmen Briano Turrent (Univ. Autónoma de San Luis Potosí, México). guadalupe.briano@uaslp.mx

María Luisa Saavedra García (Univ. Nacional Autónoma de México, México). presidenciaacacia@gmail.com

Mónica Lorena Sánchez Limón (Univ. Autónoma de Tamaulipas, México). msanchel@docentes.uat.edu.mx

  Special Issue Overview

In conjunction with the Academy of Administrative Sciences ACACIA A.C. (Mexico), the European Journal of Family Business will publish a special issue whose main theme is “The challenges of the Latin American family firms”. The special issue will consider for publication some of the papers submitted to and presented at the conference, XXVI International Congress of Administrative Sciences ACACIA, A.C. to be held on April 25-28, 2023, at the University of Manizales, Colombia.

Family firms in Latin America play a strategic role in the economy and generate around 70% of employment and Gross Domestic Product (GDP) in the region. According to Family Firm Institute (2016) family firms account for two thirds of all businesses around the world, contribute 70%-90% to the GDP annually, and create 50%-80% of total employment. The influence of family firms is even more significant in emerging markets than in industrialized economies (Briano-Turrent, Li, & Peng, 2020). McKinsey & Company (2014) shows that family firms represent 85% of firms in South-East Asia, 75% in Latin America, 67% in India and around 65% in the Middle East.

Family firms are defined as companies where a family has a significant ownership and decision-making roles (Zeisberger et al., 2019). In the Latin American region, the ownership of companies is typically concentrated in the hands of families, who control them (Watkins-Fassler et al., 2017). In this context, studies have been conducted tending to analyze the impact of ownership concentration in families and corporate governance (Briano Turrent & Saavedra García, 2015; Briano-Turrent & Poletti-Hughes, 2017; Lagos Cortés et al., 2018. Vázquez et al., 2020), shared meanings and decision making (Ballesteros & Restrepo, 2017), Corporate Social Responsibility and sustainability performance (Wilches et al., 2020; Briano-Turrent et al. 2022), the succession process (San Martín Reyna & Durán Encalada, 2016; Soto et al., 2018; González Macías, 2021), CEO's in the family business (Blanco et al. 2021; Briano-Turrent, Watkins-Fassler, & Puente-Esparza, 2020), ESG in family businesses (Campillo Cortés & Briano Turrent, 2022), financial performance (Molina et al., 2021), family tourism businesses (López Chávez et al., 2021), green innovation (Muller et al., 2022), survival in the pandemic (Ramírez-Solís et al., 2021), among others, which shows the high relevance of this topic.

Among the challenges and opportunities that family firms face are related to their institutionalization process such as family ownership and succession, intangible family assets, corporate governance and leadership, growth and innovation capabilities, organization design, access to capital market and sustainability performance indicators. Although the relevance of family firms in Latin America, almost two-thirds either wind-up or are sold by the founder, and less that 15% see a third generation family member lead the company (IFC, 2018). Some causes for the lack of continuity are: succession planning difficulties, talent management challenges, leadership and governance deficiencies or the decision-making weakness (Le Breton-Miller et al., 2004; Bennedsen et al., 2004; Werner et al., 2005; Mahto et al., 2010). It is necessary to continue promoting the dissemination of research papers that address the problems faced by family businesses, particularly with rigorous empirical analyses that propose alternative solutions to face the challenges of family firms in the region.

To explore these important and broad issues, this special issue encourages particularly rigorous and relevant submissions that advance our understanding of these issues. We encourage empirical manuscripts that address, but are not limited to, the following topics:

  • Corporate governance and leadership in family firms;
  • Succession process in family business;
  • Corporate entrepreneurship in family firms;
  • Family firm internationalization;
  • Growth and innovation capabilities in family firms;
  • Intangible family assets;
  • Family ownership and firm performance;
  • Business families in time crises;
  • CSR and sustainability in family firms;
  • Corporate regulation in family business;
  • Reporting and family firms;
  • Audit and accounting process in family firms;
  • Women involvement in family firms;
  • Emotional conflicts in family firms;
  • The impact of digitalization and globalization on family firms;
  • Other relevant topics in the family firms.
Submission information

 Submissions to this special issue should include new, unpublished and original research with a rigorous empirical analysis (quantitative and qualitative). Descriptive analysis or individual cases of study are not accepted. Papers can be submitted in English, Spanish and Portuguese. Papers submitted in Spanish or Portuguese have to be translated to English once they are conditionally accepted.

All articles for this Special Issue must be submitted online via the EJFB system at https://revistas.uma.es/index.php/ejfb/about/submissions. Please make sure that when uploading the manuscripts authors indicate in the Comments for the Editor that the submission belongs to the special issue SI - 2023. Latin American Family Firms to ensure that all submissions are correctly identified.

Manuscripts should be prepared in accordance with the “Journal Guide for Authors” available at http://www.revistas.uma.es/index.php/ejfb/about/submissions. All submitted manuscripts will be subject to the European Journal of Family Business‘s double-blind review process.

For questions regarding this Special Issue, please contact any of the Guest Editors: Guadalupe del Carmen Briano Turrent guadalupe.briano@uaslp.mx; María Luisa Saavedra García, presidenciaacacia@gmail.com, and Mónica Lorena Sánchez Limón, msanchel@docentes.uat.edu.mx

Submission Deadline

The deadline for submissions is 16th April 2023. This special issue will be published the second semester of 2023.

About the Journal

 EJFB publishes original research with practical interest for family firms. The journal intends to advance our knowledge about family business and entrepreneurial family, providing thus insights and advices of interest for business practice based on rigorous research.

EJFB is a fully open access journal. Authors are not asked to pay "article processing charges" (APCs). It is indexed in renowned databases such as SCOPUS, DOAJ, Latindex or Dialnet, and is a candidate journal for Web of Science membership. The journal is a member of the Committee on Publication Ethics (COPE) and it is currently in the process of obtaining the editorial quality certificate of the FECYT.

Further information on EJFB can be obtained from https://revistas.uma.es/index.php/ejfb/index

  References

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Blanco, R., Sastre-Castillo, M. & Montoro Sanchez, M. (2021). Family firm CEOs: human capital and career success. Academia Revista Latinoamericana de Administración, 34(29, 270-296. https://doi.org/10.1108/ARLA-04-2020-0081.

Briano Turrent, G.C. & Saavedra García, M. (2015). La composición del consejo de administración y la estructura accionaria como factores explicativos de la transparencia en el gobierno corporativo en Latinoamérica: evidencia en empresas cotizadas de Argentina, Brasil, Chile y México. Estudios Gerenciales, (31), 275–286. http://dx.doi.org/10.1016/j.estger.2015.02.001.

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