CEO Resilience in Family Firms in Times of Crisis

Donella Caspersz; Yong Wang; Bart Henssen; Salvatore Tomaselli; Johan Karlsson

doi:10.1177/08944865251319954

CEO Resilience in Family Firms in Times of Crisis

Donella Caspersz, Yong Wang, Bart Henssen, Salvatore Tomaselli, Johan Karlsson

Research output: Contribution to journal › Article › peer-review

Abstract

The purpose of this paper is to understand the conditions that influence family CEOs' resilience in times of crisis. Drawing upon social cognitive theory and adopting a fuzzy-set qualitative comparative analysis analytic approach, the article analyzes data from 67 family businesses. The findings show that CEO resilience emerges from the interplay of different sets of conditions in single- and multi-generational family businesses. The study makes the contribution that CEO resilience is contingent on dynamics at individual, family, and business levels, suggesting that CEO resilience in crisis times reflects a "crisis bricolage" of "making do" with resources that are "in hand" and "within reach."

Original language	English
Pages (from-to)	58-80
Number of pages	23
Journal	Family Business Review
Volume	38
Issue number	1
Early online date	16 Feb 2025
DOIs	https://doi.org/10.1177/08944865251319954
Publication status	Published - Mar 2025

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10.1177/08944865251319954Licence: CC BY-NC

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CEO Resilience in Family Firms in Times of Crisis

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