Francesco Chirico

Professor

francesco.chirico@ju.se

Article

Political families, entrepreneurial kids: who dares to start a business in China?

Family political embeddedness in China: why it suppresses entrepreneurship, and when it can spark it
January 21, 2026

Article

How do entrepreneurs make decisions when the future Is uncertain?

Balancing Risk, Emotion, and Strategy Under Uncertainty and Competing Goals
January 7, 2026

Article

Can family businesses turn their unique challenges into a source of strategic advantage?

Turning complexity into strength: How family firms master adaptive strategy
September 24, 2025

Article

Whose advice should CEOs trust in radical innovation?

When facing uncertainty, is it wiser to listen to the CMO or the CTO?
September 12, 2025

Article

Why do family firms sacrifice success to save their legacy?

When crisis strikes, why do family businesses hold on to struggling legacy ventures?
April 4, 2025

Article

Why do mergers between family firms protect jobs and outperform the rest?

Family ownership drives employee retention and superior post-merger performance
March 25, 2025

Article

Why do some family firms take more risks than others?

Navigating the balance between preserving tradition and embracing risk to secure long-term success
February 6, 2025

Article

Are green patents a smart investment for family firms?

Does it pay to patent green innovations? Stock market reactions to family and nonfamily firms’ green patents
January 20, 2025

Article

What happens to a family firm when its CEO-owner suddenly dies?

Selecting the most suitable successor after the family owner' sudden death
January 18, 2025

Article

Can multiple families and generations work together to drive breakthrough innovations?

Harnessing family dynamics for radical innovation: how multifamily ownership and generational involvement shape family firms
September 13, 2024

Article

How can entrepreneurs creatively use their networks to overcome resource challenges?

Turning connections into resources: How entrepreneurs innovate through network bricolage
September 1, 2024

Article

How can we better measure the emotional wealth of family businesses?

From FIBER to FIRE. Redefining socioemotional wealth in family firms
March 15, 2024

Article

How do family firms respond differently when facing an economic crisis?

Managing layoffs in time of crisis
January 31, 2024

Article

How do historical conflicts influence family firms’ decision to exit foreign markets?

Historical frictions and family business internationalization
November 1, 2023

Article

How can small and medium enterprises leverage supplier partnerships for breakthrough innovations?

Maximizing innovation: the role of supplier relationships in SME product development
October 30, 2023

Article

How do family firms balance risk and opportunity in acquisition decisions?

Acquisition relatedness in family firms: the role of environmental uncertainty and institutional context
May 2, 2023

Article

How do generational shifts impact the performance of family businesses?

From tradition to transformation: how family generations shape business success
November 8, 2022

Article

Do rational entrepreneurs really make rational decisions?

Why do family business leaders cling to failing ventures despite knowing better?
March 15, 2022

Article

Can unrelated families unite for breakthrough innovation in their shared business?

Can emotional legacy and bold innovation go hand in hand in family businesses?
February 23, 2022

Article

Why is synchronization the hidden superpower of successful family firms?

How can family businesses unlock their innovation potential—without spending more or taking bigger risks?
October 27, 2021

Article

How do legacy, emotion, and strategy collide when family businesses go global?

What makes some family firms flourish abroad while others hold back?
June 14, 2021

Article

Are CEOs more influential in private firms?

How does ownership structure shape a CEO’s power to influence firm success?
June 2, 2021

Article

Can emotional bonds and identity explain why family firms persist even when performance lags?

Could Emotional Attachments Be Stronger Than Profit Motives?
May 10, 2021

Article

Can having more family members in your household really increase your chances of starting a business together?

Is starting a business with your family a path to success—or a recipe for tension?
March 20, 2020

Article

Do family franchisors grow slower—but win bigger over time?

Why do family-owned franchisors invest more in people and training, and what happens when they scale?
March 9, 2020

Article

Why do family businesses keep investing in ventures that are clearly failing?

Emotional ownership and legacy thinking trap families into escalating commitment
November 11, 2019

Article

Does having more generations in leadership help or hurt family firm growth?

Ownership concentration and management composition determine whether generational diversity pays off
October 25, 2019

Article

Can family and non-family members team up to drive real innovation?

New research shows how internal social capital unlocks innovation in family firms
April 13, 2019

Article

What happens when organization theory finally takes family businesses seriously?

Five dimensions of family influence that could reshape mainstream organizational thinking
April 8, 2019

Article

Can deep local roots help family firms grow faster?

Local embeddedness boosts growth more for family firms than nonfamily firms—especially in rural areas
March 6, 2019

Article

Can protecting your innovations strengthen both your wealth and your legacy?

Family firms face a U-shaped patenting decision driven by socioemotional wealth and environmental context
October 28, 2018

Article

Why do some companies buy what they know, while others look elsewhere?

Persistent underperformance, not one-off crises, is what pushes firms to acquire outside their core industry
April 12, 2018

Article

Can your age and gender influence whether you’ll start another business after failing?

A longitudinal study of 4,761 failed Swedish entrepreneurs reveals distinct reentry patterns across life stages
November 9, 2017

Article

Can emotional ties to the family business unlock entrepreneurship?

Psychological ownership drives innovation through knowledge sharing—but dampens risk-taking in family firms
September 5, 2017

Article

Can being too successful as an entrepreneur discourage your kids from following in your footsteps?

Parental entrepreneurial success boosts children’s confidence but can also trigger paralyzing comparison
May 5, 2017

Article

Why do some family business leaders embrace risk while others avoid it?

Five theoretical lenses explain how psychology, governance, and values shape strategic risk
October 12, 2016

Article

Why do family businesses shut down ventures instead of selling them?

Identity, emotional ownership, and restart intentions explain why families close rather than divest
September 8, 2016

Article

Is your business using the right innovation approach for its stage of life?

How managers orchestrate resources for innovation differs sharply between growth and maturity stages
July 21, 2016

Article

How do emotional bonds, trust, and conflict shape innovation across generations?

Knowledge internalization within the family determines whether social capital translates into product development
January 15, 2016

Article

Could non-family connections be the secret ingredient for family business success?

Non-family social capital drives firm performance more strongly than family ties and amplifies their effect
June 29, 2015

Article

Can having more family member advisors help or hurt your business?

An inverted U-shaped relationship reveals the risks of too many family voices in advisory roles
May 26, 2015

Article

What makes later-generation family members choose the family business?

Emotional attachment and family expectations predict commitment far better than financial dependency
May 14, 2015

Reference List

Wilden, R., Lin, N., Chirico, F., & Khan, S. (2025). How do CEOs seek advice from CMOs vs. CTOs in radical innovation decision making under uncertainty? Research Policy, 54(105324).

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Wu, S., Chirico, F., Fan, D., Ding, J., & Su, Y. (2024). Foreign market exit in family firms: Do historical military and cultural frictions matter? Journal of World Business, 59, 101504.

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Francesco Chirico
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