Resumen de Lack of resilience after Covid-19: the role of family business characteristics and behaviors. FsQCA versus regression
María Iborra, José Fernando López Muñoz, Vicente Safón Cano
The aim of this work is to explain the lack of resilience of family- owned firms. In order to explain a resilience outcome, the lack of recovery, we analyze the role of familyowned firms' behaviors and attributes during COVID-19 crisis. Our research proposal argue for a relationship of explorative and exploitative behaviors and family firmheterogeneity on the lack of recovery. Through a sample of 842 European familyowned firms, the regression analysis support the role played by exploitation and exploration behavior and family features -family involvement in management, family generation, size and age- on the likelihood of un-recover; we complemented and enriched the view of these results through Fuzzy set Qualitative Comparative Analysis.The ordinal regression approach per se cannot offer an overall explanation of the relationship between not-recovery and its hypothesized determinants because it fails to account for the complexities existent in real life and manifested in contrarian cases.Then, fsQCA may represent a complementary approach to offer a richer perspective on the relationships of interest.
