Pub Date : 2022-03-01DOI: 10.1177/08944865221083075
Keith H. Brigham, Cristina Cruz Serrano, Nadine H. Kammerlander, J. Kotlar
We are honored to present the fourth Review Issue of Family Business Review (FBR). In 2016, FBR Editors Jeremy C. Short, Pramodita Sharma, Thomas Lumpkin, and Allison W. Pearson launched a series of special issues in FBR to track and understand the fast evolution of family business research produced since the early 1970s. With more than 2,000 family business articles published in the 1990s (Sharma, 2015), and more than 4,000 articles published between 2010 and 2014, they anticipated that the 2020s “would likely yield over 8,000 new peer-reviewed journal articles on family business” (Short et al., 2016, p. 11). Based on the Scopus database at the time we write this editorial (January 2022), we now found 20,041 document results containing the keyword “family business.” Clearly, as it stands, scholarly production on the subject has further grown, accelerating even beyond those ambitious expectations made just 5 years ago. This fast-growing trend raised the need to organize an increasingly diversified body of knowledge and shape the production of new knowledge in a way that adds and extends on what has been done before, to ultimately favor knowledge accumulation. Looking back to the previous FBR Review Issues offers us a privileged opportunity to reflect on the collective contribution that this stream of work has generated so far. Indeed, by screening and comparing the past FBR Review Issues, we found a wealth of interesting insights that we believe can yield precious directions for the future. In the editorial article of the inaugural FBR Special Issue, the Editors found indications that research on “family business is on the threshold of its next era” (Short et al., 2016, p. 12). The review articles contained in that issue outlined several promising directions to further and enrich family business scholarship, and the Editors further pointed to the promise of further reviews that look, for example, into specific methods and theories used in family business research, as well as cross-disciplinary approaches that bridge family business research with other fields such as family sciences, history, sociology, religious studies, anthropology, and psychology. Articles in this first FBR Review Issue elaborate on topics such as succession, philanthropy, governance from an agencyand steward-based perspective, exploration and exploitation, entrepreneurship, and empirical trends in family firm research. In the second FBR Review Issue, Editors Daniel T. Holt, Allison W. Pearson, Tyge Payne, and Pramodita Sharma continued to build on this legacy (Holt et al., 2018), placing their attention to the opportunities for cross-pollination between family business scholarship and the broadly diversified domains of management research. In a sense, this Editorial article captures the growing interest of family business researchers to move from the sidelines to a more central and foundational position in mainstream management research, offering several promising ways to ful
我们很荣幸为您呈现《家族企业评论》第四期评论。2016年,FBR编辑Jeremy C.Short、Pramodita Sharma、Thomas Lumpkin和Allison W.Pearson在FBR上推出了一系列特刊,以跟踪和了解自20世纪70年代初以来家族企业研究的快速发展。20世纪90年代发表了2000多篇家族企业文章(Sharma,2015),2010年至2014年间发表了4000多篇文章,他们预计20世纪20年代“可能会产生8000多篇关于家族企业的新的同行评审期刊文章”(Short等人,2016,第11页)。根据我们撰写这篇社论时(2022年1月)的Scopus数据库,我们现在发现了20041份包含关键词“家族企业”的文献结果。很明显,就目前情况来看,该主题的学术成果进一步增长,甚至超过了5年前的宏伟预期。这一快速增长的趋势提出了组织日益多样化的知识体系的必要性,并以一种在以前所做的基础上增加和扩展的方式来塑造新知识的生产,以最终有利于知识积累。回顾之前的FBR审查问题,我们有机会反思到目前为止这一工作流所产生的集体贡献。事实上,通过筛选和比较过去的FBR审查问题,我们发现了大量有趣的见解,我们相信这些见解可以为未来带来宝贵的方向。在《FBR》创刊特刊的社论中,编辑们发现有迹象表明,对“家族企业正处于下一个时代的门槛”的研究(Short等人,2016,第12页)。该期的评论文章概述了进一步丰富家族企业学术的几个有希望的方向,编辑们进一步指出了进一步评论的前景,例如,研究家族企业研究中使用的具体方法和理论,以及将家族企业研究与其他领域(如家庭科学、历史、社会学、宗教研究、人类学和心理学)联系起来的跨学科方法。第一期FBR评论中的文章详细阐述了继承、慈善事业、从机构和管家的角度进行治理、探索和利用、创业以及家族企业研究的经验趋势等主题。在第二期《FBR评论》中,编辑Daniel T.Holt、Allison W.Pearson、Tyge Payne和Pramodita Sharma继续在这一遗产的基础上发展(Holt et al.,2018),将他们的注意力放在家族企业学术和广泛多样化的管理研究领域之间的交叉授粉机会上。从某种意义上说,这篇社论文章抓住了家族企业研究人员日益增长的兴趣,他们希望在主流管理研究中从副业转向更核心、更基础的地位,为实现这一抱负提供了几种有希望的方法。在本期中,回顾了(家族企业)关于家族企业中非家族成员、咨询、制度背景和社会情感财富的文献。最后,在第三期FBR评论中,编辑Peter Jaskiewicz、Donald O.Neubaum、Alfredo De Massis和Daniel T.Holt开始描绘家族企业研究的“成年”阶段(Jaskiewich等人,2020)。他们发现了证据,证明该领域已经成熟,获得了合法性,例如越来越多地采用其他学科产生的主流理论,以及建立家族企业的新“本土”理论,为更广泛的管理辩论提供信息。有趣的是,研究重点从家族企业的角度转移了(如1083075 FBRXXX10.1177/08944865221083075《家族企业评论》Brigham et al.research-article2022
{"title":"Accumulating Knowledge Over Time: Introduction to the Fourth FBR Review Issue","authors":"Keith H. Brigham, Cristina Cruz Serrano, Nadine H. Kammerlander, J. Kotlar","doi":"10.1177/08944865221083075","DOIUrl":"https://doi.org/10.1177/08944865221083075","url":null,"abstract":"We are honored to present the fourth Review Issue of Family Business Review (FBR). In 2016, FBR Editors Jeremy C. Short, Pramodita Sharma, Thomas Lumpkin, and Allison W. Pearson launched a series of special issues in FBR to track and understand the fast evolution of family business research produced since the early 1970s. With more than 2,000 family business articles published in the 1990s (Sharma, 2015), and more than 4,000 articles published between 2010 and 2014, they anticipated that the 2020s “would likely yield over 8,000 new peer-reviewed journal articles on family business” (Short et al., 2016, p. 11). Based on the Scopus database at the time we write this editorial (January 2022), we now found 20,041 document results containing the keyword “family business.” Clearly, as it stands, scholarly production on the subject has further grown, accelerating even beyond those ambitious expectations made just 5 years ago. This fast-growing trend raised the need to organize an increasingly diversified body of knowledge and shape the production of new knowledge in a way that adds and extends on what has been done before, to ultimately favor knowledge accumulation. Looking back to the previous FBR Review Issues offers us a privileged opportunity to reflect on the collective contribution that this stream of work has generated so far. Indeed, by screening and comparing the past FBR Review Issues, we found a wealth of interesting insights that we believe can yield precious directions for the future. In the editorial article of the inaugural FBR Special Issue, the Editors found indications that research on “family business is on the threshold of its next era” (Short et al., 2016, p. 12). The review articles contained in that issue outlined several promising directions to further and enrich family business scholarship, and the Editors further pointed to the promise of further reviews that look, for example, into specific methods and theories used in family business research, as well as cross-disciplinary approaches that bridge family business research with other fields such as family sciences, history, sociology, religious studies, anthropology, and psychology. Articles in this first FBR Review Issue elaborate on topics such as succession, philanthropy, governance from an agencyand steward-based perspective, exploration and exploitation, entrepreneurship, and empirical trends in family firm research. In the second FBR Review Issue, Editors Daniel T. Holt, Allison W. Pearson, Tyge Payne, and Pramodita Sharma continued to build on this legacy (Holt et al., 2018), placing their attention to the opportunities for cross-pollination between family business scholarship and the broadly diversified domains of management research. In a sense, this Editorial article captures the growing interest of family business researchers to move from the sidelines to a more central and foundational position in mainstream management research, offering several promising ways to ful","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"35 1","pages":"6 - 14"},"PeriodicalIF":8.8,"publicationDate":"2022-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49379345","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-01-20DOI: 10.1177/08944865211069781
Vittoria Magrelli, P. Rovelli, Carlotta Benedetti, Ruth Überbacher, Alfredo De Massis
The concept of generations has become increasingly important in the social science fields to explain diverse phenomena affecting organizations. This is especially true in the family business field where generations are considered a constitutive element. Nevertheless, there is still a limited understanding of generations and the implications of their involvement in family business. We review prior studies on generations by considering different social science fields, which we analyze according to a novel theoretical framework. Building on this framework, and placing particular emphasis on family firms, we identify important knowledge gaps that serve as a springboard for future research.
{"title":"Generations in Family Business: A Multifield Review and Future Research Agenda","authors":"Vittoria Magrelli, P. Rovelli, Carlotta Benedetti, Ruth Überbacher, Alfredo De Massis","doi":"10.1177/08944865211069781","DOIUrl":"https://doi.org/10.1177/08944865211069781","url":null,"abstract":"The concept of generations has become increasingly important in the social science fields to explain diverse phenomena affecting organizations. This is especially true in the family business field where generations are considered a constitutive element. Nevertheless, there is still a limited understanding of generations and the implications of their involvement in family business. We review prior studies on generations by considering different social science fields, which we analyze according to a novel theoretical framework. Building on this framework, and placing particular emphasis on family firms, we identify important knowledge gaps that serve as a springboard for future research.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"35 1","pages":"15 - 44"},"PeriodicalIF":8.8,"publicationDate":"2022-01-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49443932","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-01-20DOI: 10.1177/08944865211064409
Ivan Miroshnychenko, Alfredo De Massis, R. Barontini, F. Testa
This article critically reviews and meta-analyzes the environmental performance of family firms. Using a sample of 40,910 firms covering a 12-year period, we conclude that the average effect of family involvement on environmental performance is negative, albeit small. This negative effect is more pronounced in primary studies that measure environmental performance via the environmental operational practices adopted and in those that define family business using the family ownership and management criteria. Our findings suggest that from an agency perspective, and compared with nonfamily firms, the negative view of the environmental performance of family firms prevails over the positive view.
{"title":"Family Firms and Environmental Performance: A Meta-Analytic Review","authors":"Ivan Miroshnychenko, Alfredo De Massis, R. Barontini, F. Testa","doi":"10.1177/08944865211064409","DOIUrl":"https://doi.org/10.1177/08944865211064409","url":null,"abstract":"This article critically reviews and meta-analyzes the environmental performance of family firms. Using a sample of 40,910 firms covering a 12-year period, we conclude that the average effect of family involvement on environmental performance is negative, albeit small. This negative effect is more pronounced in primary studies that measure environmental performance via the environmental operational practices adopted and in those that define family business using the family ownership and management criteria. Our findings suggest that from an agency perspective, and compared with nonfamily firms, the negative view of the environmental performance of family firms prevails over the positive view.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"35 1","pages":"68 - 90"},"PeriodicalIF":8.8,"publicationDate":"2022-01-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45540104","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-12-27DOI: 10.1177/08944865211064410
Anneleen Michiels, Isabel C. Botero, Roland E. Kidwell
In family firms, the family often plays a central role in the strategic decisions of the business. However, until recently, research has primarily focused on exploring the role that business factors play in firm decision-making, with less attention given to the role of the family system. This article reviews the research on executive compensation in family firms to understand whether and how the family system has been considered within this work. Guided by the application of family science theories, we provide a framework to explain why it is important to incorporate the family system in the future study of executive compensation in family firms. We conclude by discussing a research agenda outlining how elements of the family system can be integrated into future executive compensation research to inspire scholars to think differently about this important research topic.
{"title":"Toward a Family Science Perspective on Executive Compensation in Family Firms: A Review and Research Agenda","authors":"Anneleen Michiels, Isabel C. Botero, Roland E. Kidwell","doi":"10.1177/08944865211064410","DOIUrl":"https://doi.org/10.1177/08944865211064410","url":null,"abstract":"In family firms, the family often plays a central role in the strategic decisions of the business. However, until recently, research has primarily focused on exploring the role that business factors play in firm decision-making, with less attention given to the role of the family system. This article reviews the research on executive compensation in family firms to understand whether and how the family system has been considered within this work. Guided by the application of family science theories, we provide a framework to explain why it is important to incorporate the family system in the future study of executive compensation in family firms. We conclude by discussing a research agenda outlining how elements of the family system can be integrated into future executive compensation research to inspire scholars to think differently about this important research topic.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"35 1","pages":"45 - 67"},"PeriodicalIF":8.8,"publicationDate":"2021-12-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47875774","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-12-07DOI: 10.1177/08944865211059467
James M. Vardaman, Erik T. Markin, Christopher R. Penney, Laura E. Marler, D. Mckee
This article develops a two-part theoretical framework synthesizing the socioemotional wealth (SEW) perspective with image theory to explain the ways in which family decision makers screen and potentially adopt habitual new venture opportunities. The model theorizes that opportunities are initially screened according to their ability to preserve SEW and fit with the family’s value images and subsequently explains how SEW willingness interacts with the family entrepreneur’s trajectory and strategic images to predict whether the venture will be pursued as a serial or portfolio opportunity. Theoretical implications and directions for future research are also discussed.
{"title":"Willing and Able? The Screening and Adoption of Habitual Family Venture Opportunities","authors":"James M. Vardaman, Erik T. Markin, Christopher R. Penney, Laura E. Marler, D. Mckee","doi":"10.1177/08944865211059467","DOIUrl":"https://doi.org/10.1177/08944865211059467","url":null,"abstract":"This article develops a two-part theoretical framework synthesizing the socioemotional wealth (SEW) perspective with image theory to explain the ways in which family decision makers screen and potentially adopt habitual new venture opportunities. The model theorizes that opportunities are initially screened according to their ability to preserve SEW and fit with the family’s value images and subsequently explains how SEW willingness interacts with the family entrepreneur’s trajectory and strategic images to predict whether the venture will be pursued as a serial or portfolio opportunity. Theoretical implications and directions for future research are also discussed.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"35 1","pages":"126 - 139"},"PeriodicalIF":8.8,"publicationDate":"2021-12-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45658492","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-12-07DOI: 10.1177/08944865211057854
Jengfang Chen, Ni-Yun Chen, Liyu He, C. Patel
Despite the substantial degree of heterogeneity within family firms, little is known about how their heterogeneity affects firm behavior and the implication for the shareholder–debtholder agency problem. Our study contributes to the literature by examining whether family firms with a higher level of control-ownership divergence would disclose less information and whether Big 4 auditors play a moderating role in mitigating the negative impact of control-ownership divergence on disclosure quality resulting in improved credit ratings. Using data from the emerging economy of Taiwan, we provide support for our three hypotheses. Our contributions will interest family firm owners, researchers, auditors, and policymakers.
{"title":"The Effect of Ownership Structure on Disclosure Quality and Credit Ratings in Family Firms: The Moderating Role of Auditor Choice","authors":"Jengfang Chen, Ni-Yun Chen, Liyu He, C. Patel","doi":"10.1177/08944865211057854","DOIUrl":"https://doi.org/10.1177/08944865211057854","url":null,"abstract":"Despite the substantial degree of heterogeneity within family firms, little is known about how their heterogeneity affects firm behavior and the implication for the shareholder–debtholder agency problem. Our study contributes to the literature by examining whether family firms with a higher level of control-ownership divergence would disclose less information and whether Big 4 auditors play a moderating role in mitigating the negative impact of control-ownership divergence on disclosure quality resulting in improved credit ratings. Using data from the emerging economy of Taiwan, we provide support for our three hypotheses. Our contributions will interest family firm owners, researchers, auditors, and policymakers.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"35 1","pages":"140 - 158"},"PeriodicalIF":8.8,"publicationDate":"2021-12-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46227672","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-10-26DOI: 10.1177/08944865211052195
Alfredo De Massis, J. Kotlar, Luca Manelli
While entrepreneurial families often expand their activity over multiple businesses and patrimonial assets, this complexity is rarely addressed in mainstream family business research, where the predominant focus is on the family business or, at best, on the family controlling the operational business. We advance a more holistic understanding of entrepreneurial families that contemplates the variety of assets they create or acquire over time that jointly generate financial and socioemotional wealth for the family, and call for attention to the variety of organizations that entrepreneurial families establish to preserve, manage, and/or administer such assets. We theorize that each of these organizations can be devised as a family boundary organization (FBO), which operates at the interface of the entrepreneurial family and other systems, and such FBOs form a family-related organizational ecosystem. We propose a new framework that extends the scope of research beyond the family business and focuses more directly on entrepreneurial families and on the boundaries between the entrepreneurial family, its multiple assets, and the FBOs in the family-related organizational ecosystem. This framework paves the ground to extend the three-circle model, broadening the scope of family business research to consider a wider range of organizations besides the family firm, such as family foundations, family business foundations, family offices, family holdings, family academies, and family museums. Drawing on the organizational boundaries literature, we integrate organizational boundaries in the theory of the family firm and propose a research agenda to examine the entrepreneurial family and its assets in a broader way.
{"title":"Family Firms, Family Boundary Organizations, and the Family-Related Organizational Ecosystem","authors":"Alfredo De Massis, J. Kotlar, Luca Manelli","doi":"10.1177/08944865211052195","DOIUrl":"https://doi.org/10.1177/08944865211052195","url":null,"abstract":"While entrepreneurial families often expand their activity over multiple businesses and patrimonial assets, this complexity is rarely addressed in mainstream family business research, where the predominant focus is on the family business or, at best, on the family controlling the operational business. We advance a more holistic understanding of entrepreneurial families that contemplates the variety of assets they create or acquire over time that jointly generate financial and socioemotional wealth for the family, and call for attention to the variety of organizations that entrepreneurial families establish to preserve, manage, and/or administer such assets. We theorize that each of these organizations can be devised as a family boundary organization (FBO), which operates at the interface of the entrepreneurial family and other systems, and such FBOs form a family-related organizational ecosystem. We propose a new framework that extends the scope of research beyond the family business and focuses more directly on entrepreneurial families and on the boundaries between the entrepreneurial family, its multiple assets, and the FBOs in the family-related organizational ecosystem. This framework paves the ground to extend the three-circle model, broadening the scope of family business research to consider a wider range of organizations besides the family firm, such as family foundations, family business foundations, family offices, family holdings, family academies, and family museums. Drawing on the organizational boundaries literature, we integrate organizational boundaries in the theory of the family firm and propose a research agenda to examine the entrepreneurial family and its assets in a broader way.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"34 1","pages":"350 - 364"},"PeriodicalIF":8.8,"publicationDate":"2021-10-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41477118","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-10-21DOI: 10.1177/08944865211051148
B. Cosson, M. Gilding
The family business literature barely addresses wives’ influence in family business succession. Where it does so, the result is often tokenistic, stereotypical, and imprecise. Drawing on 34 in-depth interviews, this article makes three contributions. First, it identifies wives’ critical influence in family business succession through socialization across the life span of the family business; specifically, through normative, interactive, and experiential socialization. Second, it demonstrates the diverse dynamics and impact of wives’ influence on family business continuity. Third, it highlights the particular significance of experiential socialization, whereby changing expectations of marriage and family life have amplified wives’ influence in succession outcomes.
{"title":"“Over My Dead Body”: Wives’ Influence in Family Business Succession","authors":"B. Cosson, M. Gilding","doi":"10.1177/08944865211051148","DOIUrl":"https://doi.org/10.1177/08944865211051148","url":null,"abstract":"The family business literature barely addresses wives’ influence in family business succession. Where it does so, the result is often tokenistic, stereotypical, and imprecise. Drawing on 34 in-depth interviews, this article makes three contributions. First, it identifies wives’ critical influence in family business succession through socialization across the life span of the family business; specifically, through normative, interactive, and experiential socialization. Second, it demonstrates the diverse dynamics and impact of wives’ influence on family business continuity. Third, it highlights the particular significance of experiential socialization, whereby changing expectations of marriage and family life have amplified wives’ influence in succession outcomes.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"34 1","pages":"385 - 403"},"PeriodicalIF":8.8,"publicationDate":"2021-10-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42372726","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-10-15DOI: 10.1177/08944865211050858
Claudia Pongelli, A. Calabrò, Fabio Quarato, A. Minichilli, G. Corbetta
Based on the socioemotional wealth approach and a sample of 3,904 subsidiary ownership choices made by 586 family firms, this study shows that family-managed firms (i.e., those family firms with a family member in a leadership position) prefer wholly owned subsidies over joint ventures when entering foreign markets. Family-managed firms are also more likely to revise their subsidiary ownership choices and form joint ventures when in vulnerability conditions, that is, when they experience performance below aspirations and when entering a culturally distant market.
{"title":"Out of the Comfort Zone! Family Leaders’ Subsidiary Ownership Choices and the Role of Vulnerabilities","authors":"Claudia Pongelli, A. Calabrò, Fabio Quarato, A. Minichilli, G. Corbetta","doi":"10.1177/08944865211050858","DOIUrl":"https://doi.org/10.1177/08944865211050858","url":null,"abstract":"Based on the socioemotional wealth approach and a sample of 3,904 subsidiary ownership choices made by 586 family firms, this study shows that family-managed firms (i.e., those family firms with a family member in a leadership position) prefer wholly owned subsidies over joint ventures when entering foreign markets. Family-managed firms are also more likely to revise their subsidiary ownership choices and form joint ventures when in vulnerability conditions, that is, when they experience performance below aspirations and when entering a culturally distant market.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"34 1","pages":"404 - 424"},"PeriodicalIF":8.8,"publicationDate":"2021-10-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44684266","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-10-06DOI: 10.1177/08944865211049092
Xinrui Zhang, H. Fang, Junsheng Dou, James J. Chrisman
Although the family business research field and related disciplines are paying increasing attention to improvements in methodology, there is still insufficient attention being paid to endogeneity issues. We therefore raise awareness of endogeneity and suggest ways to reduce biased results in family business studies. We review publications in the family business literature in terms of (1) the consideration of endogeneity issues, (2) sources of endogeneity for different research topics, and (3) various methods that researchers have used to control for endogeneity. We discuss important lessons learned from the review and offer methodologically oriented recommendations for future family business studies.
{"title":"Endogeneity Issues in Family Business Research: Current Status and Future Recommendations","authors":"Xinrui Zhang, H. Fang, Junsheng Dou, James J. Chrisman","doi":"10.1177/08944865211049092","DOIUrl":"https://doi.org/10.1177/08944865211049092","url":null,"abstract":"Although the family business research field and related disciplines are paying increasing attention to improvements in methodology, there is still insufficient attention being paid to endogeneity issues. We therefore raise awareness of endogeneity and suggest ways to reduce biased results in family business studies. We review publications in the family business literature in terms of (1) the consideration of endogeneity issues, (2) sources of endogeneity for different research topics, and (3) various methods that researchers have used to control for endogeneity. We discuss important lessons learned from the review and offer methodologically oriented recommendations for future family business studies.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"35 1","pages":"91 - 116"},"PeriodicalIF":8.8,"publicationDate":"2021-10-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41552386","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}