RT Journal Article
T1 Family constitution and firm resilience
A1 Hurtado González, José Manuel
A1 Herrero, Inés
K1 Family constitution
K1 Family protocol
K1 Family charter
K1 Family firm
K1 Family social capital
K1 Succession planning
K1 Firm resilience
AB PurposeThis study assumes that family constitution (FC) is beneficial to family firm resilience. We also argue that family social capital (FSC) can reduce the negative effect of not having FC in the short term, whereas FC is particularly effective when a firm has limited FSC.Design/methodology/approachEmpirical hierarchical regression analyses were conducted using a sample of family firms from the secondary (manufacturing) and tertiary (service) sectors, resulting in a final sample of 231 firms. We designed a questionnaire to collect key firm variables, such as whether the firm had FC, FSC level and resilience.FindingsOur analysis reveals that while FSC enhances resilience in family businesses, FC alone does not. This suggests a more complex relationship than initially thought, with FC playing a symbolic role. However, specific FC content, such as norms on family access to management positions, remuneration, succession planning, clear dividends and voting rights, influences resilience.Originality/valueThe results of this study have theoretical and practical implications for family firms, suggesting ways to achieve higher resilience levels through FC implementation. Previous studies posit that resilience can be learned, built or transmitted. Accordingly, companies can adapt their governance mechanisms (e.g. those related to FC) to improve their capacity to prepare for change.
PB Emerald
YR 2025
FD 2025-07-03
LK https://hdl.handle.net/10433/25146
UL https://hdl.handle.net/10433/25146
LA en
NO Hurtado González JM, Herrero-Chacon I (2025;), "Family constitution and firm resilience". Journal of Family Business Management, Vol. ahead-of-print No. ahead-of-print. https://doi.org/10.1108/JFBM-04-2025-0105
NO Universidad Pablo de Olavide
DS RIO
RD May 9, 2026