Family Business: A Long-Term Dominant Logic (Gentry et al 2016) | FT50 ETP VSSER25

#VSSER25 #session5

🎙️ Welcome to Revise and Resubmit — the podcast where 🚀 big academic ideas meet real-world impact, one breakthrough study at a time. Whether you're walking the dog 🐕, crushing that cardio 🏃, or sipping something caffeinated ☕, we've got your brain gains covered!

Today, we’re zooming into a space where legacy meets leadership and strategy stretches beyond quarterly earnings.
It’s not just business as usual — it’s family business, with a twist. 🏛️👨‍👩‍👧‍👦

📘 The paper?
✨ “Long–Term Orientation in Publicly Traded Family Businesses: Evidence of a Dominant Logic”
🖋️ Authored by Gentry, Dibrell, and Kim, and published in the stellar Entrepreneurship Theory and Practice — one of the elite FT50 journals in the world of academic research. This one is brought to you by the good folks at SAGE Publications. 🧠🏆

Now here’s the question:
In a world addicted to now — to the next click, the next quarter, the next viral headline — what happens when a firm dares to play the long game? 📈⏳

The researchers took a deep dive into publicly traded family-influenced firms, or FIFs. These aren’t mom-and-pop shops — they’re on the stock exchange, but the family still has a seat at the table... or two. 🪑🪑

And guess what they found?
These FIFs accumulate more slack resources (think: rainy day funds ☔💰), take fewer wild strategic risks, and are less likely to go bankrupt than their non-family counterparts. Why? Because when families are in the game, they’re not just thinking about next year’s numbers — they’re thinking about the next generation. 🌱📊

It’s not just strategy — it’s legacy logic. It’s not just survival — it’s sustainability.

So here’s the curious question to leave you thinking:
🧩 In a business world wired for speed... could patience be the ultimate power move?

🙏 Big thanks to Gentry, Dibrell, and Kim, and to SAGE Publications, for bringing us this incredible insight — and for publishing it in a journal as prestigious as Entrepreneurship Theory and Practice, an FT50 heavyweight. 💥📚

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Until next time... keep reading, keep thinking, and remember — the future favors the long view 🛤️👓

Reference

Gentry, R., Dibrell, C., & Kim, J. (2016). Long–Term Orientation in Publicly Traded Family Businesses: Evidence of a Dominant Logic. Entrepreneurship Theory and Practice, 40(4), 733-757. https://doi.org/10.1111/etap.12140

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