Garcés Galdeano, Lucía
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Garcés Galdeano
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Lucía
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Gestión de Empresas
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INARBE. Institute for Advanced Research in Business and Economics
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Publication Embargo Editorial note: heterogeneity in management and governance in family firms(Elsevier, 2023) Garcés Galdeano, Lucía; Gestión de Empresas; Enpresen Kudeaketa; Institute for Advanced Research in Business and Economics - INARBEHeterogeneity within family firms has emerged as a pivotal area of research interest. This special edition of The Journal of High Technology Management Research makes a significant contribution to the existing body of knowledge on the diversity found within family-run enterprises, with a specific emphasis on the variances in governance and management structures. In this introductory piece, the proposition is put forth that family governance, encompassing both ownership and management, alongside the decisions guiding governance practices, plays a pivotal role in driving diversity within family businesses. This exploration delves into multiple facets of heterogeneity within family firms. The subsequent content of this issue comprises four studies that illuminate the impact of governance on diverse aspects, including the intergenerational transmission of knowledge, innovation in products and processes, strategic maneuvers, and the distinctive governance structures prevalent in Latin American family businesses. Furthermore, this discourse extends beyond the findings presented in these studies by delving into uncharted realms of research, focusing on the disparities evident in the contextual settings and governance mechanisms adopted by different family firms.Publication Open Access Absorptive capacity in family firms: exploring the role of the CEO(Emerald, 2024) Garcés Galdeano, Lucía; Kotlar, Josip; Caicedo Leitón, Ana Lucía; Larraza Kintana, Martín; Frattini, Federico; Gestión de Empresas; Enpresen Kudeaketa; Institute for Advanced Research in Business and Economics - INARBEPurpose: Absorptive capacity (AC), the ability to leverage external knowledge for innovation, helps explain the mixed findings on family firms' innovation performance. Our research focuses on the CEO's role - whether family or non-family, and founding or later generation - in influencing AC. We also explore how firm size and environmental dynamism affect these relationships, offering insights into varying AC levels among family firms. Design/methodology/approach: OLS regression models were estimated to test the hypotheses using a sample of 364 family firms in Spain. Findings: Family firms¿ absorptive capacity is greater when the CEO is a family member, and even more so when the family CEO belongs to the founding family generation. While AC diminishes in larger family firms this effect is mitigated when the CEO is a family member. The predicted moderating effect of environmental dynamisms is not supported by the analyses. Originality: This paper adds insights about the drivers of heterogeneity in innovation among family firms, addressing recent calls for more nuanced views of how family members drive the strategic behavior of the business, and incorporating considerations of different types of family firms based on the identity of the firm CEO. The results overall support the theoretical claims, but also open up important questions for future studies.