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CEO resilience in family firms in times of crisis
Caspersz, Donella Henssen, Bart Tomaselli, Salvatore Karlsson, Johan
Caspersz, Donella
Henssen, Bart
Tomaselli, Salvatore
Karlsson, Johan
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2025-02-16
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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 fsQCA 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”.
Citation
Caspersz, D., Wang, Y., Henssen, B., Tomaselli, S., & Karlsson, J. (2025). CEO Resilience in Family Firms in Times of Crisis. Family Business Review, 38 (1), pp. 58-80. https://doi.org/10.1177/08944865251319954
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Journal article
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en
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© 2025 The Authors. Published by SAGE. This is an open access article available under a Creative Commons licence.
The published version can be accessed at the following link on the publisher’s website: https://doi.org/10.1177/08944865251319954
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ISSN
0894-4865
EISSN
1741-6248