Family Business in the Health Care Sector: Past and Future
DOI:
https://doi.org/10.24310/ejfbejfb.v10i1.6683Keywords:
Family business, Socioemotional wealth, Private health care, Performance, SurvivalAbstract
The relevance of family businesses in the world economy has led researchers to study them in various fields and from various perspectives. However, the role played by family businesses in the private health care sector has hardly been analyzed. The objective of this research was to focus on the historical evolution of the family business in the field of private health, attempting to determine the variation in its contribution to the sector during 1995–2018. For this purpose, we constructed a database with the existing private hospitals in Spain, classifying them according to family and non-family ownership for the years 1995 and 2018 and performing a cross-sectional analysis. We observed an almost 60% survival rate for family businesses. We propose implementing the methodology of the case study for future research.
Downloads
Metrics
Publication Facts
Reviewer profiles N/A
Author statements
Indexed in
-
—
- Editor & editorial board
- profiles
- Academic society
- N/A
- Publisher
- Uma Editorial, University of Malaga (Spain)
To learn about these publication facts, click 
PF is maintained by the Public Knowledge Project
References
Astrachan, J. H., and Kolenko, T. A. (1994). A neglected factor explaining family business success: Human resource practices. Family Business Review, 7(3), 251-262.
Berrone, P., Cruz, C., Gomez-Mejia, L. R. and Larraza-Kintana, M. (2010). Socioemotional wealth and corporate responses to institutional pressures: Do family-controlled firms pollute less? Administrative Science Quarterly, 55(1), 82-113.
Berrone, P., Cruz, C. and Gomez-Mejia, L. R. (2012). Socioemotional wealth in family firms: Theoretical dimensions, assessment approaches, and agenda for future research. Family Business Review, 25(3), 258-279.
Cabrera-Suárez, M. K., Déniz-Déniz, M. D. and Martín-Santana, J. D. (2014). The setting of non-financial goals in the family firm: The influence of family climate and identification. Journal of Family Business Strategy, 5(3), 289-299.
Chua, J. H., Chrisman, J. J., and Sharma, P. (2003). Succession and nonsuccession concerns of family firms and agency relationship with nonfamily managers. Family Business Review, 16(2), 89-107.
Cleary, P., Quinn, M., and Moreno, A. (2018). Socioemotional wealth in family firms: A longitudinal content analysis of corporate disclosures. Journal of Family Business Strategy.
Danco, L. A. (1975). Beyond survival: A business owner’s guide for success. Center for Family Business.
Deephouse, D. L., and Jaskiewicz, P. (2013). Do family firms have better reputations than non?family firms? An integration of socioemotional wealth and social identity theories. Journal of management Studies, 50(3), 337-360.
Fundación MAPFRE (2019). El Mercado español de seguros en 2018. Servicio de Estudios de MAPFRE.
Gomez-Mejia, L. R., Cruz, C., Berrone, P., and De Castro, J. (2011). The bind that ties: Socioemotional wealth preservation in family firms. Academy of Management Annals, 5(1), 653-707.
Gómez-Mejía, L. R., Haynes, K. T., Núñez-Nickel, M., Jacobson, K. J., and Moyano-Fuentes, J. (2007). Socioemotional wealth and business risks in family-controlled firms: Evidence from Spanish olive oil mills. Administrative Science Quarterly, 52(1), 106-137.
Hauck, J., Suess-Reyes, J., Beck, S., Prügl, R., and Frank, H. (2016). Measuring socioemotional wealth in family-owned and-managed firms: A validation and short form of the FIBER scale. Journal of Family Business Strategy, 7(3), 133-148.
Ibrahim, A. B., Soufani, K., and Lam, J. (2001). A study of succession in a family firm. Family Business Review, 14(3), 245-258.
IDIS (2019). Private healthcare, adding value. Situation analysis 2018.
Intituto de Empresa Familiar (2016). La empresa familiar en Espan?a (2015). Instituto de la Empresa Familiar, Barcelona, España.
Le Breton?Miller, I. L., Miller, D., and Steier, L. P. (2004). Toward an integrative model of effective FOB succession. Entrepreneurship Theory and Practice, 28(4), 305-328.
Le Breton-Miller, I., and Miller, D. (2009). Agency vs. stewardship in public family firms: A social embeddedness reconciliation. Entrepreneurship Theory and Practice, 33(6), 1169-1191.
Martín, J.C., and Ortega-Díaz, Mº I. (2016). Rendimiento hospitalario y benchmarking. Revista de Economía Aplicada, 24 (70),27-51
Medina, P. (2017). The online reputation management of hospital brands: A model proposal. Zer. 22 (43), 53-68.
Minichilli, A., Nordqvist, M., Corbetta, G., and Amore, M. D. (2014). CEO succession mechanisms, organizational context, and performance: A socio?emotional wealth perspective on family?controlled firms. Journal of Management Studies, 51(7), 1153-1179.
Morgan, T. J., and Gómez-Mejía, L. R. (2014). Hooked on a feeling: The affective component of socioemotional wealth in family firms. Journal of Family Business Strategy, 5(3), 280-288.
Nason, R. S., Carney, M., Le Breton-Miller, I., and Miller, D. (2019). Who cares about socioemotional wealth? SEW and rentier perspectives on the one percent wealthiest business households. Journal of Family Business Strategy, 10(2), 144-158.
Newburry, W. (2010). Reputation and supportive behavior: Moderating impacts of foreignness, industry and local exposure. Corporate Reputation Review, 12(4), 388-405.
Sharma, P., Chrisman, J. J., and Chua, J. H. (2003). Succession planning as planned behavior: Some empirical results. Family Business Review, 16(1), 1-15.
Sorenson, R. L., Goodpaster, K. E., Hedberg, P. R., and Yu, A. (2009). The family point of view, family social capital, and firm performance: An exploratory test. Family Business Review, 22(3), 239-253.
Strike, V. M., Berrone, P., Sapp, S. G., and Congiu, L. (2015). A socioemotional wealth approach to CEO career horizons in family firms. Journal of Management Studies, 52(4), 555-583.
Umans, I., Lybaert, N., Steijvers, T., and Voordeckers, W. (2019). The influence of transgenerational succession intentions on the succession planning process: The moderating role of high-quality relationships. Journal of Family Business Strategy. doi: 10.1016/j.jfbs.2018.12.002
Zellweger, T. M., Kellermanns, F. W., Chrisman, J. J., and Chua, J. H. (2012). Family control and family firm valuation by family CEOs: The importance of intentions for transgenerational control. Organization Science, 23(3), 851-868.
Published
How to Cite
Issue
Section
License
Copyright generates two different rights: moral rights and patrimonial rights that EJFB recognizes and respects. Moral rights are those relating to the recognition of the authorship. They are rights of a personal nature that are perpetual, inalienable, unseizable and imprescriptible as consequence of the indivisible union of the author and his/her work. Patrimonial rights are those that can be derived from the reproduction, distribution, adaptation or communication of the work, among others.
Authors who publish in EJFB retain the copyright of their work and grant the right of its first publication to the journal in open access. EJFB is authorized to reproduce, distribute, disseminate or communicate the work under a CC BY-NC-SA 4.0 License. This means that you are free to share and adapt this work under the following terms:
- Attribution — You must give appropriate credit to its author(s), which implie the right to be reconognized and cited correctly.
- NonCommercial — You may not use the material for commercial purposes.
- ShareAlike — If you remix, transform, or build upon the material, you must distribute your contributions under the same license as the original.
.png){kind=logo}
27.png)
