Strategic Persistence in Family Business (Chevy et al. 2021) | FT50 ETP VSSER25

#VSSER25 #session3🎙️ Welcome to Revise and Resubmit — the podcast where academic research gets the airtime it truly deserves, and big ideas find curious minds like yours.Today, we're talking about persistence — not the kind that shows up in motivational posters, but the kind that shapes businesses over generations. A quiet, calculated, deliberate form of persistence. The kind that says: “We’ve always done it this way — and for good reason.”We’re diving into the fascinating world of family firms, with a study titled “Strategic Persistence in Family Business”, authored by Hanqing “Chevy” Fang, James J. Chrisman, and Daniel T. Holt.Published by Sage on October 10, 2021, this paper appears in the Entrepreneurship Theory and Practice journal — one of the elite FT50 journals, recognized globally as one of the top 50 business journals in the world. This is high-impact, field-shaping research.The authors use a behavioral theory lens to explore how family firms differ from their nonfamily counterparts. What they find is compelling: Family firms stick to their strategies — not out of stubbornness, but because of deeply rooted goals like preserving family legacy and financial prudence. They are less likely to pursue bold, transformative change — and that’s often by design.And here’s where it gets even more interesting: this persistence is strongest when the founder or a family member sits in the CEO or Chairman’s seat. Leadership, heritage, identity — it all comes together in a strategy that values continuity over disruption.So here’s the curious question:When does strategic persistence become resilience… and when does it quietly turn into resistance to necessary change?Stick with us.Don’t forget to subscribe to Revise and Resubmit on Spotify, and check out our YouTube channel, Weekend Researcher. You can also find us on Amazon Prime and Apple Podcasts — and if you’re loving this journey into academic insight, support us on Patreon at patreon.com/weekendresearcher.Special thanks to the authors — Hanqing “Chevy” Fang, James J. Chrisman, and Daniel T. Holt — and to Sage Publications, for their contribution to one of the most prestigious journals in the business research world.ReferenceFang, H. “Chevy”, Chrisman, J. J., & Holt, D. T. (2021). Strategic Persistence in Family Business. Entrepreneurship Theory and Practice, 45(4), 931-950. https://doi.org/10.1177/10422587211001806Youtube Channel⁠https://www.youtube.com/@weekendresearcher⁠Support us on Patreonhttps://patreon.com/weekendresearcher