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Family Business Model and Practices of Sustainability

A special issue of Sustainability (ISSN 2071-1050).

Deadline for manuscript submissions: closed (1 June 2020) | Viewed by 27370

Special Issue Editor

Special Issue Information

Dear Colleagues,

Overarching Objective

Family business studies have increasingly highlighted the importance of managing relationships between the company and its stakeholders. Early studies, such as by Stafford et al. (1999), stated that it is necessary for family business research to take into account environmental problems—which have become increasingly relevant, especially since the development of theories such as functionality, ecology, and development—and the authors pay particular attention to the concept of sustainability loans. Thus, the first steps related to sustainability models applied to family businesses have been proposed by Stafford et al. (1999), presenting the sustainability model of the family business (SFBR).

This rapid environmental deterioration has led to most industrialized countries reaching new agreements that imply a reorientation of the way we are producing that is in accordance with the commitments of the Paris Agreement (2015) and within the framework of the United Nations Convention on Climate Change, where measures were established to reduce emissions of carbon dioxide from 2020.

In addition, the new policy approaches adopted by the European Union require companies to change from their current position to the new scenario of the circular economy (EC), according to the regulations of the European Commission (2012, 2015a).

Family businesses that have mainly been characterized by their long-term orientation are granted a horizon before being forced to lead the transition from the exhausted linear economy model to more long-term sustainable and respectful concepts.

The main objective of this Special Issue is to generate a conceptual theoretical framework to serve as a reference for the generation of new management models for family businesses within the framework of sustainability and the circular economy. Moreover, we wish to analyze the new business models that are adopted by family businesses and are related to sustainability.

Scope of Application

The scope of application would be that of the family business sector and would include all the productive sectors in which family businesses carry out their production and service provision activities. We consider that the scope of application is transversal.

The analysis of the influence of the family in the adoption of new business models presents a variety of possible lines of research which can be made from the review of family business circular economy. According to European regulations, many public tenders in the future will require companies that have applied circularity. It is therefore a source of venture before which family businesses can position themselves.

Purpose of the Special Issue

Family businesses must play a very active role in the fight against climate change and in this sense from the world of academia we must transfer research transfer results to the owners and managers of this important business sector. For this reason, this special issue is to become a reference point for researchers to put concepts, methodologies and research results into value and to serve as a reference for the owners and managers of family businesses.

The topic can be an important reference for all those interested in the knowledge of new forms of management of organizations where sustainability is key to the design of new strategies. I believe that the generation of research generated by this special issue can provide important knowledge both in the generation of bibliographic / bibliometric reviews that show us the current state of the art of this issue, the creation of new topics, research methodologies and especially the generation of research transfer results that serve as a reference for owners and managers of this type of companies.

In short, this special issue can provide important data and good practices within the theme of sustainability and it could to be implemented on the reality of this type of companies.

References:

  1. Núñez-Cacho, P.; Górecki, J.; Molina, V.; Corpas-Iglesias, F. How to measure and predict degree of circularity thinking in construction sector? Modern way to build competitive advantage. EU Res. Bus. Vol 2018, 1-16 2018. DOI: 10.5171/2018.909360
  2. Núñez-Cacho, P.; Molina-Moreno, V.; Corpas-Iglesias, F.A.; Cortés-García, F.J. Family Bus.es Transitioning to a Circular Economy Model: The Case of “Mercadona”. Sustainability 2018, 10, 538.
  3. Reh, L. Process engineering in circular economy. Particuology 2013, 11, 119–133, doi:10.1016/j.partic.2012.11.001.
  4. Molina-Moreno, V.; Leyva-Díaz, J.C.; Llorens-Montes, F.J.; Cortés-García, F.J. Design of indicators of circular economy as instruments for the evaluation of sustainability and efficiency in wastewater from pig farming industry. Water 2017, 9, 653.
  5. Griffiths, P.; Cayzer, S. Design of indicators for measuring product performance in the circular economy. In International Conference on Sustainable Design and Manufacturing, 3rd ed.; Setchi, R., Howlett, R.J., Liu, Y., Theobald, P., Eds.; Springer Science and Business Media Deutschland GmbH. 2016
  6. Neumüller, C.; Florian, K.; Jatinder, D.G.; Lasch, R. Integrating Three-dimensional Sustainability in Distribution Centre Selection: The Process Analysis Method-Based Analytic Network Process. J. Prod. Res. 2015, 53, 409–434.
  7. Zhu, Q.; Sarkis, J. The Moderating Effects of Institutional Pressures on Emergent Green Supply Chain Practices and Performance. J. Prod. Res. 2007, 45, 4333–4343.
  8. Le Breton-Miller, I.; Miller, D. Family firms and practices of sustainability: A contingency view. J. Fam. Bus. Strat. 2016, 7, 26–33.
  9. Moreno, M.; De los Ríos, C.; Rowe, Z.; Charnley, F. A Conceptual Framework for Circular Design. Sustainability 2016, 8, 937; doi:10.3390/su8090937.
  10. Nuñez-Cacho, P.; Górecki, J.; Molina, V.; Corpas-Iglesias, F. How to measure and predict degree of circularity thinking in construction sector?—Modern way to build competitive advantage. J. EU Res. Bus. 2018, In press.
  11. Eddleston, K.A.; Kellermanns, F.W. Destructive and productive family relationships: A stewardship theory perspective. J. of Bus. Vent. 2007, 22, 545–565.
  12. Nuñez-Cacho, P.; Grande, F. The importance of mentoring and coaching for family businesses. J. Man. Org. 2013, 19; https://doi.org/10.1017/jmo.2013.28.
  13. Olson, P.D.; Zuiker, V.; Danes, S.M.; Stafford, K.; Heck, R.; Duncan, K.A. The impact of the family and the business on family business sustainability. J. Bus. Vent. 2003, 18, 639–666.
  14. Martín, J. M. M., Aguilera, J. D. D. J., & Moreno, V. M. (2014). Impacts of seasonality on environmental sustainability in the tourism sector based on destination type: An application to Spain's Andalusia region. Tourism Economics, 20(1), 123-142.
  15. Cennamo, C.; Berrone, P.; Cruz, C.; Gomez Mejia, L.R. Socio-emotional wealth and proactive stakeholder engagement: Why family controlled firms care more about their stakeholders. Entrep. Theory Pract. 2012, 6, 1153–1173.
  16. Rodríguez Martín, J. A., Martín, M., María, J., Salinas Fernández, J. A., Zermeño Mejía, K. A., & Añaños Bedriñana, K. G. (2019). A Spatial Analysis of the Achievements, in Terms of Regional Development, Accomplished by the Initial EU-Member Cohesion Fund Beneficiaries Using a Synthetic Indicator. Sustainability, 11(8), 2343.
  17. Galdeano-Gómez, E., Aznar-Sánchez, J. A., Pérez-Mesa, J. C., & Piedra-Muñoz, L. (2017). Exploring synergies among agricultural sustainability dimensions: An empirical study on farming system in Almería (Southeast Spain). Ecological Economics, 140, 99-109.
  18. Molina-Moreno, V.; Leyva-Díaz, J.C.; Sánchez-Molina, J. Pellet as a Technological Nutrient within the Circular Economy Model: Comparative Analysis of Combustion Efficiency and CO and NOx Emissions for Pellets from Olive and Almond Trees. Energies 2016, 9, 777.
  19. Belmonte Ureña, L. J., & Plaza Úbeda, J. A. (2008). Análisis de la eficiencia en las cooperativas de crédito en España. Una propuesta metodológica basada en el análisis envolvente de datos (DEA). CIRIEC-España, revista de economía pública, social y cooperativa, (63).

Dr. Valentín Molina-Moreno
Guest Editor

Manuscript Submission Information

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Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 2400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • Eco-innovation
  • Sustainability and agriculture residual
  • Sustainable social inclusion
  • Circular economy in family business
  • Family Business
  • Tecnhological nutrient
  • Resources Management 3R
  • Supply Chain Inverse
  • Sustainability Indicator Scorecard (SIC)
  • Transition to sustenability /case studies
  • Sustainable tourism
  • New sustainable crops
  • Social sustainability and organic agriculture
  • Bioeconomy
  • Sustainable family farms
  • Biodynamic farming/agriculture
  • Sustainable infraestructures
  • Renewable energies

Published Papers (4 papers)

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Research

24 pages, 2021 KiB  
Article
Knowledge Transfer in Sustainable Contexts: A Comparative Analysis of Periods of Financial Recession and Expansion
by Lirios Alos-Simo, Antonio J. Verdu-Jover and Jose M. Gomez-Gras
Sustainability 2020, 12(12), 4916; https://doi.org/10.3390/su12124916 - 16 Jun 2020
Cited by 5 | Viewed by 2426
Abstract
Examining the knowledge transfer process in sustainable contexts, we identified various gaps, which we analyzed in this study. First, we compare the temporal context of firms with eco-innovation strategies before and after the financial crisis of the first decade of the 21st century. [...] Read more.
Examining the knowledge transfer process in sustainable contexts, we identified various gaps, which we analyzed in this study. First, we compare the temporal context of firms with eco-innovation strategies before and after the financial crisis of the first decade of the 21st century. Second, we analyze the firms’ knowledge transfer, from the use of knowledge sources to innovation through intellectual property. Third, we consider the influence of firm age on firms with eco-innovation goals and the influence of size on intellectual property. We used data from a sample of 3004 firms prepared by the Spanish National Statistics Institute for two different time periods: 2009 and 2014. Our results suggest that firms that achieve sustainable innovations do not show large differences in behavior in the two economic periods. We found that knowledge in firms with eco-innovation goals is transferred through intellectual property. The results show that firm age and size influence these processes during the years analyzed and thus have various implications for theory and for small firms, which are generally family firms. Small and family firms should strengthen their registration of intellectual property so that their knowledge transfer process ends in innovations for both the firm and the market. Full article
(This article belongs to the Special Issue Family Business Model and Practices of Sustainability)
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15 pages, 282 KiB  
Article
The Role of Mutual Guarantee Institutions in the Financial Sustainability of New Family-Owned Small Businesses
by Concepción de la Fuente-Cabrero, Mónica de Castro-Pardo, Rosa Santero-Sánchez and Pilar Laguna-Sánchez
Sustainability 2019, 11(22), 6409; https://doi.org/10.3390/su11226409 - 14 Nov 2019
Cited by 4 | Viewed by 3015
Abstract
Small family-owned companies are the most common type of European business structure and are characterised by their orientation to long-term goals. Therefore, they can play an important role in the launching of businesses related to sustainable growth. However, access to finance is difficult [...] Read more.
Small family-owned companies are the most common type of European business structure and are characterised by their orientation to long-term goals. Therefore, they can play an important role in the launching of businesses related to sustainable growth. However, access to finance is difficult for start-ups. Mutual Guarantee Institutions (MGIs) mitigate this problem by facilitating long-term guaranteed loans, but they must assume responsibility for default losses. This paper analyses, as of the end of 2018, the loan default of the portfolio of guarantees formalised by Spanish MGIs with new companies between 2003 and 2012, a period including both economic growth and recession. The objective is to identify the annual evolution and the average global cost of default, as well as the differences in said portfolios according to the purpose of the loan, company size and economic activity. The analysis was developed while considering two scenarios: one determinist, using a ratio method and another stochastic, using an analysis of variance. We found differences in the distribution of defaults for the variables company size and sector of activity. The findings provide relevant information for managers and Public Administrations to improve the distribution of guarantees between Spanish MGIs and public institutions, and their coverage of Small and Medium Enterprise (SME) loan defaults. Full article
(This article belongs to the Special Issue Family Business Model and Practices of Sustainability)
24 pages, 2199 KiB  
Article
The Sustainable Approach to Corporate Social Responsibility: A Global Analysis and Future Trends
by Emilio Abad-Segura, Francisco Joaquín Cortés-García and Luis J. Belmonte-Ureña
Sustainability 2019, 11(19), 5382; https://doi.org/10.3390/su11195382 - 28 Sep 2019
Cited by 107 | Viewed by 17274
Abstract
Due to the process of globalization, companies are obligated to observe corporate social responsibility and best practices from a sustainability approach towards their stakeholders and society. The explicit aim is to determine the relevance of the corporate social responsibility (CSR) and its relationship [...] Read more.
Due to the process of globalization, companies are obligated to observe corporate social responsibility and best practices from a sustainability approach towards their stakeholders and society. The explicit aim is to determine the relevance of the corporate social responsibility (CSR) and its relationship with sustainability, in order to establish trends and future lines of research. The evolution of global research on this subject has been studied from 2001 to 2018. For this purpose, a bibliometric analysis of 1832 articles has been applied, obtaining results of the scientific productivity of the journals, authors, institutions, and countries that contribute to this research. Evidence shows a growing interest in studying the relationship between socially responsible practices and the dimension of sustainability. The main category is Business, Management, and Accounting. The most productive journals are the Journal of Business Ethics and Sustainability. The authors with the most articles are García-Sánchez, Moneva, and Moratis, while Kolk is the most cited. The most prolific institution is the University of Salamanca. The United States is the country with the most publications and quotes. France and China are the countries with the largest number of international collaborations in their work. Global research has been on an upward trend with optimal publication rates in recent years. Full article
(This article belongs to the Special Issue Family Business Model and Practices of Sustainability)
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16 pages, 1921 KiB  
Article
Sibling Rivalry vs. Brothers in Arms: The Contingency Effects of Involvement of Multiple Offsprings on Risk Taking in Family Firms
by Jin Chen, Chengyuan Wang, Qiong Wang and Biao Luo
Sustainability 2019, 11(16), 4447; https://doi.org/10.3390/su11164447 - 16 Aug 2019
Cited by 3 | Viewed by 3600
Abstract
Succession process is a significant matter that is vital to the sustainability of a family firm. Families are generous in involving the offspring(s) into the family business so as to fulfill inter-generational succession. In this paper, we concentrate on the issue on the [...] Read more.
Succession process is a significant matter that is vital to the sustainability of a family firm. Families are generous in involving the offspring(s) into the family business so as to fulfill inter-generational succession. In this paper, we concentrate on the issue on the results of the involvement of multiple offsprings in family firms. By using data collected from China listed family firms between 2009 and 2015, we reveal that there exist contingency effects of the involvement of multiple offsprings on risk taking in different phrases. The involvement of new offspring(s) that leads the sibling rivalry to happen would increase risk taking of the family firm in a short-term. While for those family firms in which offsprings serve together as brothers in arms, risk taking is even lower than that of family firms with no more than one offspring. Our findings have managerial implications for dealing with succession process and maintaining sustainability of family businesses. Full article
(This article belongs to the Special Issue Family Business Model and Practices of Sustainability)
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