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Article
Implementing a digital strategy: Learning from the experience of three digital transformation projects

The rapid growth of digital technologies and the extraordinary amount of data that devices and applications collect each day are increasingly driving companies to radically transform the business architecture through which they create and appropriate value. However, companies may fail to extract value from digital transformation due to the disco…

Family Business Digital
Most-cited California Management Review article on the SAGE Journals site in 2023
By Alessia Correani, Alfredo De Massis, Federico Frattini, Antonio Messeni Petruzzelli and Angelo Natalicchio
in California Management Review
2020, vol. 62, no. 4, pp. 37-56, https://doi.org/10.1177/0008125620934
Implementing a digital strategy: Learning from the experience of three digital transformation projects
By Alessia Correani Alfredo De Massis Federico Frattini Antonio Messeni Petruzzelli and Angelo Natalicchio
in California Management Review 2020, vol. 62, no. 4, pp. 37-56, https://doi.org/10.1177/0008125620934
Summary
The rapid growth of digital technologies and the extraordinary amount of data that devices and applications collect each day are increasingly driving companies to radically transform the business architecture through which they create and appropriate value. However, companies may fail to extract value from digital transformation due to the disco…
Most-cited California Management Review article on the SAGE Journals site in 2023
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Article
Are family female directors catalysts of innovation in family SMEs?

While family SMEs increasingly involve women in their boards, the role of female directors as catalysts of innovation is yet to be fully understood. Drawing on upper echelons theory, we examine directors’ gender in conjunction with family affiliation to investigate the influence of family female directors on family SMEs’ innovation. Moreover, by…

Family Business Board Leadership Diversity and Equity and Inclusion
Amongst top cited papers in the Strategic Entrepreneurship Journal (January 2022-December 2023 publication period)
By Jonathan Bauweraerts, Emanuela Rondi, Paola Rovelli, Alfredo De Massis and Salvatore Sciascia
in Strategic Entrepreneurship Journal
June 2022, vol. 16, no.2, pp. 314-354, https://doi.org/10.1002/sej.1420
Are family female directors catalysts of innovation in family SMEs?
By Jonathan Bauweraerts Emanuela Rondi Paola Rovelli Alfredo De Massis and Salvatore Sciascia
in Strategic Entrepreneurship Journal June 2022, vol. 16, no.2, pp. 314-354, https://doi.org/10.1002/sej.1420
Summary
While family SMEs increasingly involve women in their boards, the role of female directors as catalysts of innovation is yet to be fully understood. Drawing on upper echelons theory, we examine directors’ gender in conjunction with family affiliation to investigate the influence of family female directors on family SMEs’ innovation. Moreover, by…
Amongst top cited papers in the Strategic Entrepreneurship Journal (January 2022-December 2023 publication period)
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Article
Family business restructuring: A review and research agenda

Although business restructuring occurs frequently and it is important for the prosperity of family firms across generations, research on family firms has largely evolved separately from research on business restructuring. This is a missed opportunity, since the two domains are complementary, and understanding the context, process, content, and o…

Family Business
Amongst top cited papers in the Journal of Management Studies (January 2022-December 2023 publication period)
By David King, Olimpia Meglio, Luis Gomez-Mejia, Florian Bauer and Alfredo De Massis
in Journal of Management Studies
January 2022, vol. 59, issue 1, pp. 197-235, https://doi.org/10.1111/joms.12717
Family business restructuring: A review and research agenda
By David King Olimpia Meglio Luis Gomez-Mejia Florian Bauer and Alfredo De Massis
in Journal of Management Studies January 2022, vol. 59, issue 1, pp. 197-235, https://doi.org/10.1111/joms.12717
Summary
Although business restructuring occurs frequently and it is important for the prosperity of family firms across generations, research on family firms has largely evolved separately from research on business restructuring. This is a missed opportunity, since the two domains are complementary, and understanding the context, process, content, and o…
Amongst top cited papers in the Journal of Management Studies (January 2022-December 2023 publication period)
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Article
The COVID-19 pandemic and family business performance

This study examines the impact of the COVID-19 pandemic on corporate financial performance using a unique, cross-country, and longitudinal sample of 3350 listed firms worldwide. We find that the financial performance of family firms has been significantly higher than that of nonfamily firms during the COVID-19 pandemic, accounting for pre-pandem…

Family Business Performance Management Resilience
Listed among the top 10 most downloaded papers for 2023 in Small business economics: An entrepreneurship journal
By Ivan Miroshnychenko, Giorgio Vocalelli, Alfredo De Massis, Stefano Grassi and Francesco Ravazzolo
in Small Business Economics
January 2024, vol. 62, pp. 213–241, https://doi.org/10.1007/s11187-023-00766-2
The COVID-19 pandemic and family business performance
By Ivan Miroshnychenko Giorgio Vocalelli Alfredo De Massis Stefano Grassi and Francesco Ravazzolo
in Small Business Economics January 2024, vol. 62, pp. 213–241, https://doi.org/10.1007/s11187-023-00766-2
Summary
This study examines the impact of the COVID-19 pandemic on corporate financial performance using a unique, cross-country, and longitudinal sample of 3350 listed firms worldwide. We find that the financial performance of family firms has been significantly higher than that of nonfamily firms during the COVID-19 pandemic, accounting for pre-pandem…
Listed among the top 10 most downloaded papers for 2023 in Small business economics: An entrepreneurship journal
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Article
Executive gender and firm leverage decisions: The role of firm ownership and governance

Female leadership in strategic decision-making has received considerable attention in the context of global gender inequality. To advance our understanding of the role of executive gender in corporate financing decisions, we examine whether family firms are less likely to use leverage than their non-family counterparts when they have a female le…

Family Business Board Diversity and Equity and Inclusion
By Alfredo De Massis, Fernando Muñoz-Bullón, Maria J. Sanchez-Bueno, Pilar Velasco and Silvio Vismara
in Journal of Business Research
June 2024, vol. 179, 114700, https://doi.org/10.1016/j.jbusres.2024.114700
Executive gender and firm leverage decisions: The role of firm ownership and governance
By Alfredo De Massis Fernando Muñoz-Bullón Maria J. Sanchez-Bueno Pilar Velasco and Silvio Vismara
in Journal of Business Research June 2024, vol. 179, 114700, https://doi.org/10.1016/j.jbusres.2024.114700
Summary
Female leadership in strategic decision-making has received considerable attention in the context of global gender inequality. To advance our understanding of the role of executive gender in corporate financing decisions, we examine whether family firms are less likely to use leverage than their non-family counterparts when they have a female le…
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Article
Transforming customer experience: A story of ambition, values, beliefs, and digital capabilities

In this interview with Piyush Gupta CEO of DBS, we explore the bank’s market-oriented transformation journey from an underperforming mainly local Singaporean bank to becoming a globally significant Asian-based player earning accolades such as “World’s Best Bank.” We explore Gupta’s role in promoting market orientation and his focus on customer e…

Strategy Customer Centricity Digital
By Seán Meehan
in AMS Review
21 May 2024, ePub before print, https://doi.org/10.1007/s13162-024-00278-6
Transforming customer experience: A story of ambition, values, beliefs, and digital capabilities
By Seán Meehan
in AMS Review 21 May 2024, ePub before print, https://doi.org/10.1007/s13162-024-00278-6
Summary
In this interview with Piyush Gupta CEO of DBS, we explore the bank’s market-oriented transformation journey from an underperforming mainly local Singaporean bank to becoming a globally significant Asian-based player earning accolades such as “World’s Best Bank.” We explore Gupta’s role in promoting market orientation and his focus on customer e…
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Article
Untangling the yarn: A contextualization of human resource management to the family firm setting

Despite the efforts to contextualize human resource management to family firms, scientific literature addressing this study domain suffers from limited systematization. The article arranges an integrative framework to make sense of the challenges faced by family firms in designing and implementing human resource management practices. Bibliograph…

Family Business Human Resources
By Elena Casprini, Rocco Palumbo and Alfredo De Massis
in Journal of Family Business Strategy
17 May 2024, ePub before print, https://doi.org/10.1016/j.jfbs.2024.100621
Untangling the yarn: A contextualization of human resource management to the family firm setting
By Elena Casprini Rocco Palumbo and Alfredo De Massis
in Journal of Family Business Strategy 17 May 2024, ePub before print, https://doi.org/10.1016/j.jfbs.2024.100621
Summary
Despite the efforts to contextualize human resource management to family firms, scientific literature addressing this study domain suffers from limited systematization. The article arranges an integrative framework to make sense of the challenges faced by family firms in designing and implementing human resource management practices. Bibliograph…
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Article
Linking biases and paradoxes in the family entrepreneurship context: An integrative framework for future research

Biases and paradoxes are inherently context-dependent phenomena, as they are influenced by various contextual factors that can either magnify or diminish their prominence. In the realm of family entrepreneurship, these contextual intricacies are particularly pronounced due to the confluence of family life, family values, and family and business …

Family Business
By Minas N. Kastanakis, Katerina Kampouri, Christian Linder, Michael Christofi and Alfredo De Massis
in Small Business Economics
13 May 2024, ePub before print, https://doi.org/10.1007/s11187-024-00931-1
Linking biases and paradoxes in the family entrepreneurship context: An integrative framework for future research
By Minas N. Kastanakis Katerina Kampouri Christian Linder Michael Christofi and Alfredo De Massis
in Small Business Economics 13 May 2024, ePub before print, https://doi.org/10.1007/s11187-024-00931-1
Summary
Biases and paradoxes are inherently context-dependent phenomena, as they are influenced by various contextual factors that can either magnify or diminish their prominence. In the realm of family entrepreneurship, these contextual intricacies are particularly pronounced due to the confluence of family life, family values, and family and business …
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Article
The evolution of craft work in the strategic development of a family enterprise

Craft firms characterized by a humanistic approach to work face a tension between adhering to pure craft principles and embracing industrialization. This challenge is heightened in family-controlled craft firms, striving to uphold tradition while adapting to change. This study examines how craft work evolves along the trajectory of entrepreneur…

Family Business Entrepreneurship
By Emanuela Rondi, Vittoria Magrelli, Francesco Debellis and Alfredo De Massis
in Strategic Entrepreneurship Journal
9 May 2024, ePub before print, https://doi.org/10.1002/sej.1503
The evolution of craft work in the strategic development of a family enterprise
By Emanuela Rondi Vittoria Magrelli Francesco Debellis and Alfredo De Massis
in Strategic Entrepreneurship Journal 9 May 2024, ePub before print, https://doi.org/10.1002/sej.1503
Summary
Craft firms characterized by a humanistic approach to work face a tension between adhering to pure craft principles and embracing industrialization. This challenge is heightened in family-controlled craft firms, striving to uphold tradition while adapting to change. This study examines how craft work evolves along the trajectory of entrepreneur…
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Article
Analyzing swings in Bitcoin returns: A comparative study of the LPPL and sentiment-informed random forest models

Forecasting Bitcoin’s returns continues to be a challenging endeavor for both scholars and practitioners. In this paper, we train a random forest model on a variety of features, with the aim of predicting pronounced changes in the returns of Bitcoin. The model that we present in this paper outperforms the baseline model with which we compare it:…

Finance
By José Parra Moyano, Daniel Partida, Moritz Gessl and Somnath Mazumdar
in Digital Finance
1 May 2024, ePub before print, https://doi.org/10.1007/s42521-024-00110-7
Analyzing swings in Bitcoin returns: A comparative study of the LPPL and sentiment-informed random forest models
By José Parra Moyano Daniel Partida Moritz Gessl and Somnath Mazumdar
in Digital Finance 1 May 2024, ePub before print, https://doi.org/10.1007/s42521-024-00110-7
Summary
Forecasting Bitcoin’s returns continues to be a challenging endeavor for both scholars and practitioners. In this paper, we train a random forest model on a variety of features, with the aim of predicting pronounced changes in the returns of Bitcoin. The model that we present in this paper outperforms the baseline model with which we compare it:…
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Case studies
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Article
As conference season unfolds, strategies for leading panel discussions

Leaders often get asked to spearhead discussions at global gatherings. You cannot just rock up and hope for the best. Preparation, active listening, and adaptability are the guiding principles for creating forums of exchange and exploration.

Leadership
By Susan Goldsworthy
in I by IMD
14 May 2024
As conference season unfolds, strategies for leading panel discussions
By Susan Goldsworthy
in I by IMD 14 May 2024
Summary
Leaders often get asked to spearhead discussions at global gatherings. You cannot just rock up and hope for the best. Preparation, active listening, and adaptability are the guiding principles for creating forums of exchange and exploration.
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Book
The future-ready leader: Accelerated learning for business success

If you’re a business leader looking to stay ahead of the curve, this book is an essential guide. It offers a comprehensive overview of the major trends shaping the future of business, drawing on reviews of 70 recent management books and interviews with 21 senior leaders. What sets this book apart is that it’s grounded in the real-world experienc…

Leadership Disruption Change Management Strategy
By Peter Lorange and Karin Mugnaini
Published by Springer, © 2023
The future-ready leader: Accelerated learning for business success
By Peter Lorange and Karin Mugnaini
Published by Springer ©2023
Summary
If you’re a business leader looking to stay ahead of the curve, this book is an essential guide. It offers a comprehensive overview of the major trends shaping the future of business, drawing on reviews of 70 recent management books and interviews with 21 senior leaders. What sets this book apart is that it’s grounded in the real-world experienc…
Copyright ©2023
Copyright owner External Copyright
Available Languages English
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Book
IMD World Competitiveness Yearbook: 2023

Now in its 35th year, the IMD World Competitiveness Yearbook continues to serve as a beacon for governments, businesses, and individuals as they seek to navigate the complex landscape of global competitiveness. Our annual assessment sheds light on the key factors that drive and shape the comparative data, providing valuable insights and benchmar…

Competitiveness Economics Data Analytics
By Arturo Bris, Christos Cabolis, José Caballero and Marco Pistis
Published by International Institute for Management Development, © 2023
IMD World Competitiveness Yearbook: 2023
By Arturo Bris Christos Cabolis José Caballero and Marco Pistis
Published by International Institute for Management Development ©2023
Summary
Now in its 35th year, the IMD World Competitiveness Yearbook continues to serve as a beacon for governments, businesses, and individuals as they seek to navigate the complex landscape of global competitiveness. Our annual assessment sheds light on the key factors that drive and shape the comparative data, providing valuable insights and benchmar…
Copyright ©2023
Copyright owner IMD Copyright
Available Languages English
Contact

Research Information & Knowledge Hub for additional information on IMD publications