 Employee layoffs in times of crisis: do family firms differ?Massimo Baù, Johan Karlsson, Kajsa Haag, Daniel Pittino and Francesco Chirico Entrepreneurship & Regional Development, 2024, vol. 36, issue 5-6, 722-744 Abstract: In this study, we seek to understand firm behaviour during times of crisis, with a particular focus on family firms in different contexts. We theorize that family control mitigates (i.e. negatively moderates) the relationship between economic crisis and the layoff of employees, resulting in a higher propensity of family firms to retain their employees during a crisis compared to their nonfamily counterparts. Furthermore, taking a closer look at family firms, based on their location, we argue that family firms in rural regions are more likely to adopt measures leading to involuntary job turnover than family firms in urban areas due to a higher sensitivity to the loss of socioemotional wealth following a business closure. Relying on a panel dataset of Swedish private firms active in the period 2004–2012, our study contributes to a better understanding of family firms as employers in different contexts. Date: 2024 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:taf:entreg:v:36:y:2024:i:5-6:p:722-744 Ordering information: This journal article can be ordered from DOI: 10.1080/08985626.2024.2309160 Access Statistics for this article Entrepreneurship & Regional Development is currently edited by Professor Alistair Anderson More articles in Entrepreneurship & Regional Development from Taylor & Francis Journals |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.