Rural and Urban Family Business Portfolio Growth: The Role of Entrepreneurial Legacy

Sieger, Akhter, Chirico (2023). RURAL AND URBAN FAMILY BUSINESS PORTFOLIO GROWTH. Family Business Review

51 Pages Posted: 7 Oct 2023

See all articles by Philipp Sieger

Philipp Sieger

University of Bern

Naveed Akhter

Jonkoping University - Jonkoping International Business School (JIBS)

Francesco Chirico

Jonkoping University - Jonkoping International Business School (JIBS); Macquarie University, Macquarie Business School

Date Written: September 14, 2023

Abstract

Applying an inductive case study approach, we analyze four Pakistani family business portfolios and reveal that rural-based family business portfolios tend to grow internally (organically) and through related diversification. In contrast, urban-based portfolios rather grow externally through acquisitions and partnerships and pursue unrelated diversification. The family’s entrepreneurial legacy and how it is transferred to members of the next generation through grooming and imprinting in rural versus urban contexts emerge as a key underlying mechanism.

Suggested Citation

Sieger, Philipp and Akhter, Naveed and Chirico, Francesco and Chirico, Francesco, Rural and Urban Family Business Portfolio Growth: The Role of Entrepreneurial Legacy (September 14, 2023). Sieger, Akhter, Chirico (2023). RURAL AND URBAN FAMILY BUSINESS PORTFOLIO GROWTH. Family Business Review, Available at SSRN: https://ssrn.com/abstract=4571473 or http://dx.doi.org/10.2139/ssrn.4571473

Philipp Sieger

University of Bern ( email )

Naveed Akhter

Jonkoping University - Jonkoping International Business School (JIBS) ( email )

Francesco Chirico (Contact Author)

Macquarie University, Macquarie Business School ( email )

New South Wales 2109
Australia

Jonkoping University - Jonkoping International Business School (JIBS) ( email )

Jönköping, 55111
Sweden

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