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Crisis Reveals Character: Founder and Founding Family Involvement During Firm Crises

Jan‐Philipp Ahrens et al.

Family Business Review2025https://doi.org/10.1177/08944865251314530article
AJG 3ABDC A
Weight
0.46

Abstract

We differentiate between “founder involvement,” “founding family involvement,” and the absence of such involvement in a firm. We maintain that family owners and chief executive officers (CEOs) assume a “familial” identity given family relations within the firm, whereas mere founders, influenced by arms-length relations to commercial stakeholders, embrace the opportunity-seeking “entrepreneurial” identity of an independent maker. We theorize and show how founder and founding family involvement shape the turnaround strategy and performance of firms divergently—from each other and from cases without such involvement—and explicate how the respective effects are moderated by crisis severity and firm age.

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https://doi.org/https://doi.org/10.1177/08944865251314530

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@article{jan‐philipp2025,
  title        = {{Crisis Reveals Character: Founder and Founding Family Involvement During Firm Crises}},
  author       = {Jan‐Philipp Ahrens et al.},
  journal      = {Family Business Review},
  year         = {2025},
  doi          = {https://doi.org/https://doi.org/10.1177/08944865251314530},
}

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Crisis Reveals Character: Founder and Founding Family Involvement During Firm Crises

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Evidence weight

0.46

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.37 × 0.4 = 0.15
M · momentum0.60 × 0.15 = 0.09
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.