Crisis management in family businesses – a comprehensive model and research agenda

Pedram Faghfouri

Chapter 3 in The Role of Governance Structure in the Context of Crisis Management, 2013, pp 39-68 from Springer

Abstract: Abstract Crisis management is of specific importance for family businesses. However, in spite of the need for research, this topic still receives insufficient scholarly atten-tion. In order to encourage scholars to dedicate more efforts to this topic, I first argue why crisis management is of specific importance for family businesses. Second, I argue that there are important differences between crisis management in family and non-family businesses. I introduce the comprehensive model of crisis management provided by Pearson and Clair (1998) and explain why I found it to be the most suitable model to draw upon. Then, I point out the pro-cess elements in this model where I expect family businesses to show specific behavior. Third, I conclude with a set of propositions that relate to these process elements. This study ends with a call for research on this topic

Keywords: Risk Perception; Family Firm; Family Business; Crisis Management; Supervisory Board (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-658-00596-2_3

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DOI: 10.1007/978-3-658-00596-2_3

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