Wait or pivot? Family and non-family firms’ strategic responses to COVID-19 and employment change

Wunnam Issah, Andrea Calabrò, Thomas Clauss, Alfredo Valentino and Luis Diaz-Matajira

Journal of Business Research, 2024, vol. 184, issue C

Abstract: The aim of this paper is to investigate the effects of different strategic behaviors adopted during COVID-19 pandemic on employment change (a percentage change in the number of employees) in both family and non-family firms. We use an international survey-based dataset of 2,192 family and non-family firms. We provide evidence that a pivoting strategy (transforming the business) could prevent layoffs. Finally, while transparent leadership communication positively moderates the effect of pivoting on employment change in non-family firms it shows an opposite effect in family firms.

Keywords: COVID-19; Employment change; Family firms; Pivoting strategy; Transparent leadership communication (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jbrese:v:184:y:2024:i:c:s0148296324003898

DOI: 10.1016/j.jbusres.2024.114885

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