Lack of resilience after Covid-19the role of family business characteristics and behaviors. FsQCA versus regression

Zusammenfassung

The aim of this work is to explain the lack of resilience of family- owned firms. In order to explain a resilience outcome, the lack of recovery, we analyze the role of familyowned firms' behaviors and attributes during COVID-19 crisis. Our research proposal argue for a relationship of explorative and exploitative behaviors and family firmheterogeneity on the lack of recovery. Through a sample of 842 European familyowned firms, the regression analysis support the role played by exploitation and exploration behavior and family features -family involvement in management, family generation, size and age- on the likelihood of un-recover; we complemented and enriched the view of these results through Fuzzy set Qualitative Comparative Analysis.The ordinal regression approach per se cannot offer an overall explanation of the relationship between not-recovery and its hypothesized determinants because it fails to account for the complexities existent in real life and manifested in contrarian cases.Then, fsQCA may represent a complementary approach to offer a richer perspective on the relationships of interest.