Thomas Zellweger
Thumbnail Image
Title
Prof. Dr.
Last Name
Zellweger
First name
Thomas
Email
thomas.zellweger@unisg.ch
ORCID
Phone
+41 71 224 71 00
Homepage
Google Scholar

Filters

3
Reset filters

Settings
Now showing 1 - 3 of 3
  • Publication
    Doing more with less: Innovation input and output in family firms
    (Academy of Management, 2016-08)
    Duran, Patricio
    ;
    Kammerlander, Nadine
    ;
    van Essen, Marc
    ;
    Zellweger, Thomas orcid-logo
    Family firms are often portrayed as an important yet conservative form of organization that is reluctant to invest in innovation; however, at the same time, evidence shows that family firms are still flourishing and that many of the world's most innovative firms are indeed family firms. Our study contributes to disentangling this puzzling effect. We argue that family firms-owing to the family's high level of control over the firm, wealth concentration, and importance of non-financial goals-invest less in innovation but have an increased conversion rate of innovation input into output and, ultimately, a higher innovation output than non-family firms. Empirical evidence from a meta-analysis based on 108 primary studies from 42 countries supports our hypotheses. We further argue and empirically show that the observed effects are even stronger when the CEO of the family firm is a later-generation family member. However, when the CEO of the family firm is the firm's founder, innovation input is higher and, contrary to our initial expectations, innovation output is lower than that in other firms. We further show that the family firm-innovation input/output relationships depend on country-level factors, namely, the level of minority shareholder protection and the education level of the workforce in the country.
    Type: journal article
    Journal: Academy of Management Journal
    Volume: 59
    Issue: 4
    DOI: 10.5465/amj.2014.0424
    URI: https://www.alexandria.unisg.ch/handle/20.500.14171/104081
    Scopus© Citations 614
  • Publication
    Value Creation in Family Firms: A Model of Fit
    (Elsevier, 2015-06)
    Kammerlander, Nadine
    ;
    Sieger, Philipp
    ;
    Voordeckers, Wim
    ;
    Zellweger, Thomas orcid-logo
    We propose a framework describing how family ownership can create or destroy value depending on the goals, resources, and governance of the family firm, which are each influenced by the family owners. Taking a contingency perspective, we suggest that a fit is required for all three elements - family-influenced goals, resources, and governance - for the family firm to flourish over generations. We conclude with a suggested research agenda indicating research opportunities at the nexus of these identified elements. Further we provide some guiding questions for practitioners that might stimulate fruitful discussions among family firm owners and managers about how to realize "fit."
    Type: journal article
    Journal: Journal of Family Business Strategy
    Volume: 6
    Issue: 2
    DOI: 10.1016/j.jfbs.2015.04.001
    URI: https://www.alexandria.unisg.ch/handle/20.500.14171/106383
    Scopus© Citations 48
  • Publication
    Building a Family Firm Image: : How Family Firms capitalize on their Family Ties
    (Elsevier, 2012-12)
    Zellweger, Thomas orcid-logo
    ;
    Kellermanns, Franz W.
    ;
    Eddleston, Kimberley H.
    ;
    Memili, Esra
    Type: journal article
    Journal: Journal of Family Business Strategy
    Volume: 3
    Issue: 4
    DOI: 10.1016/j.jfbs.2012.10.001
    URI: https://www.alexandria.unisg.ch/handle/20.500.14171/90668
    Scopus© Citations 180