Pub Date : 2020-03-01DOI: 10.1177/0894486519863508
James G. Combs, Kristen K. Shanine, Sarah Burrows, J. Allen, T. Pounds
Researchers recently pointed to family science as one avenue for better understanding business families. We submit, however, that leveraging family science will require building on what researchers have already learned, often without the benefit of family science theories. Thus, we review progress from studies that investigate links between business family attributes and family firms and integrate our review with descriptions of family science theories that pertain to each attribute. By pairing what is known about different business family attributes with the appropriate family science theories, our hope is to accelerate efforts to understand the myriad ways business families shape family businesses.
{"title":"What Do We Know About Business Families? Setting the Stage for Leveraging Family Science Theories","authors":"James G. Combs, Kristen K. Shanine, Sarah Burrows, J. Allen, T. Pounds","doi":"10.1177/0894486519863508","DOIUrl":"https://doi.org/10.1177/0894486519863508","url":null,"abstract":"Researchers recently pointed to family science as one avenue for better understanding business families. We submit, however, that leveraging family science will require building on what researchers have already learned, often without the benefit of family science theories. Thus, we review progress from studies that investigate links between business family attributes and family firms and integrate our review with descriptions of family science theories that pertain to each attribute. By pairing what is known about different business family attributes with the appropriate family science theories, our hope is to accelerate efforts to understand the myriad ways business families shape family businesses.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"33 1","pages":"38 - 63"},"PeriodicalIF":8.8,"publicationDate":"2020-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0894486519863508","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48800404","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 : 2020-03-01DOI: 10.1177/0894486519893223
H. Qiu, M. Freel
This review examines how family businesses manage family-related conflicts that occur at three interfaces: family-business, family-ownership, and family-business-ownership. We find that work-family conflicts, conflicts of interest, and relationship conflicts are prevalent family-related conflicts. Four conflict management strategies are frequently used to deal with these conflicts: vacillation, domination, separation, and third-party intervention. The popularity of these strategies is influenced by some unique characteristics of family businesses, such as high emotional attachment among family members. By integrating insights from the broader conflict research, paradox and dialectic studies, we develop a research agenda targeted at better connecting family-related conflicts to conflict management strategies.
{"title":"Managing Family-Related Conflicts in Family Businesses: A Review and Research Agenda","authors":"H. Qiu, M. Freel","doi":"10.1177/0894486519893223","DOIUrl":"https://doi.org/10.1177/0894486519893223","url":null,"abstract":"This review examines how family businesses manage family-related conflicts that occur at three interfaces: family-business, family-ownership, and family-business-ownership. We find that work-family conflicts, conflicts of interest, and relationship conflicts are prevalent family-related conflicts. Four conflict management strategies are frequently used to deal with these conflicts: vacillation, domination, separation, and third-party intervention. The popularity of these strategies is influenced by some unique characteristics of family businesses, such as high emotional attachment among family members. By integrating insights from the broader conflict research, paradox and dialectic studies, we develop a research agenda targeted at better connecting family-related conflicts to conflict management strategies.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"33 1","pages":"113 - 90"},"PeriodicalIF":8.8,"publicationDate":"2020-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0894486519893223","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47672341","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 : 2020-02-11DOI: 10.1177/0894486520905180
Jie Yang, Jieqiong Ma, D. Doty
This study draws on institutional theory to explore the relationship between family involvement, governmental connections, and initial public offering (IPO) underpricing in China. We explore these relationships using a sample of 577 manufacturing firms listed on the small and medium enterprises board of the Shenzhen Stock Exchange over a 10-year period (2004-2014). In contrast with previous literature, we found that Chinese family firms tend to exhibit less IPO underpricing than nonfamily firms. In addition, we found family members’ political ties enhance the negative relationship between family involvement and IPO underpricing. In contrast, state ownership mitigates the above relationship.
{"title":"Family Involvement, Governmental Connections, and IPO Underpricing of SMEs in China","authors":"Jie Yang, Jieqiong Ma, D. Doty","doi":"10.1177/0894486520905180","DOIUrl":"https://doi.org/10.1177/0894486520905180","url":null,"abstract":"This study draws on institutional theory to explore the relationship between family involvement, governmental connections, and initial public offering (IPO) underpricing in China. We explore these relationships using a sample of 577 manufacturing firms listed on the small and medium enterprises board of the Shenzhen Stock Exchange over a 10-year period (2004-2014). In contrast with previous literature, we found that Chinese family firms tend to exhibit less IPO underpricing than nonfamily firms. In addition, we found family members’ political ties enhance the negative relationship between family involvement and IPO underpricing. In contrast, state ownership mitigates the above relationship.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"33 1","pages":"175 - 193"},"PeriodicalIF":8.8,"publicationDate":"2020-02-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0894486520905180","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48593169","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 : 2020-02-11DOI: 10.1177/0894486520904460
G. Tyge Payne
It’s the year 2020 and I am confronted by the reality of our fast-paced modern world. On a daily basis, we see new breakthroughs in terms of infrastructure, systems, and technology that exceed even the most forwardthinking visionaries. As a scholar of business organizations, it is easy to get caught up in these advancements, and the speed with which they occur. Indeed, the issues of time, pace, innovation, and flexibility are among the most important issues for today’s businesses. Despite the many achievements of society and the increasing speed of technological advancements, we still have significant issues and persistent problems that are more “human” in nature. With this new year, and its futuristic-sounding designation, I am reminded that the most important matters in our lives, both personal and professional, revolve around people and the relationships we have with each other. And, relevant to our field, I would argue that the most central people in each of our lives are family members. So, despite the ever-changing, “fast pace of this modern age,” our focus should continue to be on the people and relationships with which we share our lives—most notably and more specifically—the family. Such a suggestion is, with regard to the many contributors to Family Business Review (FBR), somewhat moot because all of us, to a greater or lesser extent, believe that the family is an essential component of the global business economy and worthy of scholarly consideration. However, I believe we can collectively do more by focusing more on the human aspect of business relationships, both within and between families and businesses. Indeed, as I look both backward and forward with regard to FBR, I am convinced that our field is uniquely positioned to influence people’s lives for the better by specifically and intentionally shedding new light on family relationships—including intra-family and family to nonfamily, inside and outside of organization boundaries—and their intersection with business. With this editorial, I accomplish two things and hope to accomplish a third. First, in hindsight, I provide an overview of FBR for the past year (2019), which includes providing some key metrics that help convey where we stand currently. Second, in foresight, I provide some upcoming developments and initiatives that may be of interest to the readership. And, while I cannot see into the future, I am very optimistic about the direction in which FBR is heading. Finally, and I fear I cannot adequately state my feelings, I wish to convey my heartfelt appreciation to the many great people that have contributed to the ongoing success of FBR. It is you—the authors, reviewers, editors, and readers—that make FBR into something that extends beyond the journal into a community . . . into an extended family. It is in this spirit of deep appreciation that I wish to acknowledge the recent loss of Mike Wright, who served on the FBR Advisory Editorial Board. Mike was a long-term support
{"title":"Family Business Review in 2020: Focus on the Family","authors":"G. Tyge Payne","doi":"10.1177/0894486520904460","DOIUrl":"https://doi.org/10.1177/0894486520904460","url":null,"abstract":"It’s the year 2020 and I am confronted by the reality of our fast-paced modern world. On a daily basis, we see new breakthroughs in terms of infrastructure, systems, and technology that exceed even the most forwardthinking visionaries. As a scholar of business organizations, it is easy to get caught up in these advancements, and the speed with which they occur. Indeed, the issues of time, pace, innovation, and flexibility are among the most important issues for today’s businesses. Despite the many achievements of society and the increasing speed of technological advancements, we still have significant issues and persistent problems that are more “human” in nature. With this new year, and its futuristic-sounding designation, I am reminded that the most important matters in our lives, both personal and professional, revolve around people and the relationships we have with each other. And, relevant to our field, I would argue that the most central people in each of our lives are family members. So, despite the ever-changing, “fast pace of this modern age,” our focus should continue to be on the people and relationships with which we share our lives—most notably and more specifically—the family. Such a suggestion is, with regard to the many contributors to Family Business Review (FBR), somewhat moot because all of us, to a greater or lesser extent, believe that the family is an essential component of the global business economy and worthy of scholarly consideration. However, I believe we can collectively do more by focusing more on the human aspect of business relationships, both within and between families and businesses. Indeed, as I look both backward and forward with regard to FBR, I am convinced that our field is uniquely positioned to influence people’s lives for the better by specifically and intentionally shedding new light on family relationships—including intra-family and family to nonfamily, inside and outside of organization boundaries—and their intersection with business. With this editorial, I accomplish two things and hope to accomplish a third. First, in hindsight, I provide an overview of FBR for the past year (2019), which includes providing some key metrics that help convey where we stand currently. Second, in foresight, I provide some upcoming developments and initiatives that may be of interest to the readership. And, while I cannot see into the future, I am very optimistic about the direction in which FBR is heading. Finally, and I fear I cannot adequately state my feelings, I wish to convey my heartfelt appreciation to the many great people that have contributed to the ongoing success of FBR. It is you—the authors, reviewers, editors, and readers—that make FBR into something that extends beyond the journal into a community . . . into an extended family. It is in this spirit of deep appreciation that I wish to acknowledge the recent loss of Mike Wright, who served on the FBR Advisory Editorial Board. Mike was a long-term support","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"33 1","pages":"6 - 9"},"PeriodicalIF":8.8,"publicationDate":"2020-02-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0894486520904460","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41841965","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 : 2020-02-11DOI: 10.1177/0894486520904461
Peter Jaskiewicz, Donald O. Neubaum, Alfredo De Massis, Daniel T. Holt
{"title":"The Adulthood of Family Business Research Through Inbound and Outbound Theorizing","authors":"Peter Jaskiewicz, Donald O. Neubaum, Alfredo De Massis, Daniel T. Holt","doi":"10.1177/0894486520904461","DOIUrl":"https://doi.org/10.1177/0894486520904461","url":null,"abstract":"","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"33 1","pages":"10 - 17"},"PeriodicalIF":8.8,"publicationDate":"2020-02-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0894486520904461","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47175922","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 : 2020-01-31DOI: 10.1177/0894486519899573
Aleš Kubíček, O. Machek
Through a systematic literature review, we assess the current state of research on intrafamily conflicts in family firms, systematize the findings, and outline avenues for future research. Based on a review of 88 studies, we develop an input–process–output framework to synthesize input, process, output, and context variables and identify research gaps. The review contributes to the family business literature by bridging the family business and intragroup conflict literature, considering multiple levels of analysis (the individual, family, and firm), and presenting relevant research questions.
{"title":"Intrafamily Conflicts in Family Businesses: A Systematic Review of the Literature and Agenda for Future Research","authors":"Aleš Kubíček, O. Machek","doi":"10.1177/0894486519899573","DOIUrl":"https://doi.org/10.1177/0894486519899573","url":null,"abstract":"Through a systematic literature review, we assess the current state of research on intrafamily conflicts in family firms, systematize the findings, and outline avenues for future research. Based on a review of 88 studies, we develop an input–process–output framework to synthesize input, process, output, and context variables and identify research gaps. The review contributes to the family business literature by bridging the family business and intragroup conflict literature, considering multiple levels of analysis (the individual, family, and firm), and presenting relevant research questions.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"33 1","pages":"194 - 227"},"PeriodicalIF":8.8,"publicationDate":"2020-01-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0894486519899573","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47983077","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 : 2020-01-30DOI: 10.1177/0894486519899578
James G. Combs, R. Gentry, Sean Lux, Peter Jaskiewicz, T. R. Crook
Family-managed firms take actions to protect their reputations. We theorize that one such action involves avoiding corporate political activity (CPA) that expose firms to social attack, especially when also invested in corporate social responsibility. Because large firms are frequent targets for social attack, the same sensitivity that encourages most family managers to avoid CPA encourages it among the largest as a buffer. Supportive analysis of Standard and Poor’s 500 firms shows that family-managed firms spend, on average, 86% less on CPA, even less when invested in substantive corporate social responsibility. The largest invest as much or more in CPA as nonfamily peers.
{"title":"Corporate Political Activity and Sensitivity to Social Attacks: The Case of Family-Managed Firms","authors":"James G. Combs, R. Gentry, Sean Lux, Peter Jaskiewicz, T. R. Crook","doi":"10.1177/0894486519899578","DOIUrl":"https://doi.org/10.1177/0894486519899578","url":null,"abstract":"Family-managed firms take actions to protect their reputations. We theorize that one such action involves avoiding corporate political activity (CPA) that expose firms to social attack, especially when also invested in corporate social responsibility. Because large firms are frequent targets for social attack, the same sensitivity that encourages most family managers to avoid CPA encourages it among the largest as a buffer. Supportive analysis of Standard and Poor’s 500 firms shows that family-managed firms spend, on average, 86% less on CPA, even less when invested in substantive corporate social responsibility. The largest invest as much or more in CPA as nonfamily peers.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"33 1","pages":"152 - 174"},"PeriodicalIF":8.8,"publicationDate":"2020-01-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0894486519899578","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42276169","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 : 2020-01-19DOI: 10.1177/0894486519899789
Nava Michael-Tsabari, M. Houshmand, Vanessa M. Strike, Dorit Efrat Treister
The work–family interface (WFI) in family businesses (FBs) is an underrecognized area of research. The permeable nature of the boundaries in FBs between work and family is often treated as self-evident and as preventing (rather than inviting) research. We review the WFI in FBs based on 72 published articles and highlight implicit assumptions that have given rise to gaps in this literature. We show how boundary theory, the work–home resources model and the resource-based view can be used to highlight issues related to ownership, work–family enrichment, and contextual factors at the individual, family, and firm domains.
{"title":"Uncovering Implicit Assumptions: Reviewing the Work–Family Interface in Family Business and Offering Opportunities for Future Research","authors":"Nava Michael-Tsabari, M. Houshmand, Vanessa M. Strike, Dorit Efrat Treister","doi":"10.1177/0894486519899789","DOIUrl":"https://doi.org/10.1177/0894486519899789","url":null,"abstract":"The work–family interface (WFI) in family businesses (FBs) is an underrecognized area of research. The permeable nature of the boundaries in FBs between work and family is often treated as self-evident and as preventing (rather than inviting) research. We review the WFI in FBs based on 72 published articles and highlight implicit assumptions that have given rise to gaps in this literature. We show how boundary theory, the work–home resources model and the resource-based view can be used to highlight issues related to ownership, work–family enrichment, and contextual factors at the individual, family, and firm domains.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"33 1","pages":"64 - 89"},"PeriodicalIF":8.8,"publicationDate":"2020-01-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0894486519899789","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42085050","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 : 2019-12-17DOI: 10.1177/0894486519894759
Marylène Gagné, C. Marwick, Stéphanie Brun de Pontet, C. Wrosch
Family businesses represent 80% of global business structures, but the low rate of successful transgenerational succession can have drastic implications for employees and local economies. A 12-year longitudinal study of 89 Canadian family businesses revealed that successors’ confidence and perceptions of incumbent support predicted successor intrinsic motivation to take over the business, which in turn predicted whether the business was successfully transferred 12 years later. Incumbent support and intrinsic motivation mediated the relation between incumbent trust in the successor and successful business succession. This study demonstrates the dual importance of incumbent and successor psychological states in determining succession outcomes.
{"title":"Family Business Succession: What’s Motivation Got to Do With It?","authors":"Marylène Gagné, C. Marwick, Stéphanie Brun de Pontet, C. Wrosch","doi":"10.1177/0894486519894759","DOIUrl":"https://doi.org/10.1177/0894486519894759","url":null,"abstract":"Family businesses represent 80% of global business structures, but the low rate of successful transgenerational succession can have drastic implications for employees and local economies. A 12-year longitudinal study of 89 Canadian family businesses revealed that successors’ confidence and perceptions of incumbent support predicted successor intrinsic motivation to take over the business, which in turn predicted whether the business was successfully transferred 12 years later. Incumbent support and intrinsic motivation mediated the relation between incumbent trust in the successor and successful business succession. This study demonstrates the dual importance of incumbent and successor psychological states in determining succession outcomes.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"34 1","pages":"154 - 167"},"PeriodicalIF":8.8,"publicationDate":"2019-12-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0894486519894759","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42605481","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 : 2019-12-01DOI: 10.1177/0894486519890775
L. Murphy, Jolien Huybrechts, F. Lambrechts
Adopting an interpretive grounded theory approach, we find that key events in the early lives of next-generation family members fuel a sense of belonging and identity, which lies at the heart of their socioemotional wealth. As next-generation family members interact more with the family business, they interpret nonfinancial aspects of the firm as an answer to a larger variety of affective needs, which broadens and strengthens their interactive socioemotional wealth frame of mind. In line with our life course theory lens, we observe how key events that build up socioemotional wealth greatly influence the life paths of next-generation family members.
{"title":"The Origins and Development of Socioemotional Wealth Within Next-Generation Family Members: An Interpretive Grounded Theory Study","authors":"L. Murphy, Jolien Huybrechts, F. Lambrechts","doi":"10.1177/0894486519890775","DOIUrl":"https://doi.org/10.1177/0894486519890775","url":null,"abstract":"Adopting an interpretive grounded theory approach, we find that key events in the early lives of next-generation family members fuel a sense of belonging and identity, which lies at the heart of their socioemotional wealth. As next-generation family members interact more with the family business, they interpret nonfinancial aspects of the firm as an answer to a larger variety of affective needs, which broadens and strengthens their interactive socioemotional wealth frame of mind. In line with our life course theory lens, we observe how key events that build up socioemotional wealth greatly influence the life paths of next-generation family members.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"32 1","pages":"396 - 424"},"PeriodicalIF":8.8,"publicationDate":"2019-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0894486519890775","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46716878","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}
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