Showing papers in "Family Business Review in 2017"
TL;DR: Jaskiewicz et al. as mentioned in this paper highlight different dimensions and approaches to capture family heterogeneity and discuss how researchers might begin to build and test richer theory to extend and refine our knowledge of family firms.
Abstract: Over the years, thoughtful scholars have left us compelling reminders that differences among families shape family business goals, behaviors, and outcomes (Aldrich & Cliff, 2003; Dyer, 2006; Olson et al., 2003; Rogoff & Heck, 2003). Yet the integration of prevalent family differences in theory building and empirical testing in the context of family business is still in its infancy (Combs et al., in press; Danes, 2014; James, Jennings, & Breitkreuz, 2012; Martinez & Aldrich, 2003; Powell et al., in press). One reason for the status quo is that many scholars commonly apply management theories that include neither the family nor its heterogeneity as an element. With the growing heterogeneity of family patterns within and across societies around the world, in this essay we highlight different dimensions and approaches to capture family heterogeneity and discuss how researchers might begin to build and test richer theory to extend and refine our knowledge of family firms. The discipline of “family science,” which draws from anthropology, sociology, psychology, and education, among others, provides us with abundant theories that include and illuminate families (Jaskiewicz, Combs, Shanine, & Kacmar, 2016). Pioneering studies have already highlighted the relevance of family structures (Aldrich & Cliff, 2003) and the family system (Olson et al., 2003) for family business behavior and outcomes, and one recent study discussed the implications of family science theories for family business research (Jennings, Breitkreuz, & James, 2013). However, we still lack a comprehensive overview that ties together dimensions of family heterogeneity that are relevant for family business research and the prominent family science theories (Jaskiewicz et al., 2016) that might help us theorize how these family dimensions affect family business behaviors and outcomes. With this essay, we aim to fill this gap. Ignoring differences among families in family business research is problematic because the results of our work may be misleading. Therefore, while reading this essay, we encourage researchers to reflect on the sources of family heterogeneity, the ways to account for them in future research, and their potential impact on family business outcomes.
168 citations
TL;DR: In this paper, Latent Profile Analysis (LPA) is applied to generate profiles (i.e., homogenous subgroups) in a sample of family firms, which can be linked to differences in dependent variables, providing family firm scholars with a tool to assess heterogeneity and its consequences among families.
Abstract: We demonstrate how latent profile analysis (LPA) can be applied to generate profiles (i.e., homogenous subgroups) in a sample of family firms. In doing so, we highlight how LPA can provide additional insight into family firm phenomena when used in conjunction with other methodological approaches (i.e., regression). We compare LPA with other techniques (i.e., cluster analysis and qualitative comparative analysis) and show LPA’s superior ability to capture complex patterns of important family firm characteristics. We demonstrate how profiles can be linked to differences in dependent variables, providing family firm scholars with a tool to assess heterogeneity and its consequences among family firms.
149 citations
TL;DR: In this paper, the authors focus on how family business succession research has engaged and may be further enriched by application of a gender lens as socially constructed, and analyze the succession literature.
Abstract: This article focuses on how family business succession research has engaged and may be further enriched by application of a gender lens as socially constructed. We analyze the succession literature...
86 citations
TL;DR: In this paper, a review brings together the two highly relevant research fields of family business and finance, which is motivated by the growing attention to the financing decisions of family firms, is presented.
Abstract: Motivated by the growing attention to the financing decisions of family firms, this review brings together the two highly relevant research fields of family business and finance. This study critica...
84 citations
TL;DR: In this article, the authors draw on several disciplines to systematically order family firm outcomes within a family firm(s) outcomes model that encompasses both financial and non-financial dimensions, and explain how these outcomes map on t...
Abstract: Family firms are distinguished theoretically from nonfamily firms due to their pursuit of unique, family-related aspirations and goals. The pursuit of these aspirations and goals leads many family firms to define success or failure in terms of a broader set of outcomes than nonfamily firms. Despite this, family firm research has generally taken a constricted view of family firm outcomes by concentrating on narrowly defined financial performance as measured by accounting and/or market-based indicators. We contend that this somewhat myopic focus has slowed the field’s development to some degree, by constraining our ability to test its fundamental tenets. To address this, we draw on several disciplines to systematically order family firm outcomes within a family firm(s) outcomes model that encompasses both financial and nonfinancial dimensions. While financial performance is important in research and practice, herein we refer to both financial and nonfinancial outcomes and explain how these outcomes map on t...
83 citations
TL;DR: This paper surveyed 846 managers and subordinators and found that stewardship theory is often used to explain family business outcomes, but no prior empirical study has used a validated measure of stewardship.
Abstract: While stewardship theory is often used to explain family business outcomes, no prior empirical study has used a validated measure of stewardship. We, therefore, surveyed 846 managers and subordinat...
73 citations
TL;DR: In this article, the authors analyzed the relationship between implementing a Family Constitution (Protocol) and future family business performance and found that family businesses that implemented a family Constitution had significantly improved performance within 2 years after the implementation.
Abstract: This study analyzes the relationship between implementing a Family Constitution (Protocol) and future family business performance We analyze a unique sample of 530 Spanish family businesses Half of these firms received financial aid from the government to implement a Family Protocol during 2003-2013 The analysis reveals that family businesses that implemented a Family Constitution had significantly improved performance within 2 years after the implementation The positive relationship between the implementation of a Family Constitution and future firm performance is stronger for firms that had a nonfamily CEO, had multiple family owners, or were controlled by later generations
55 citations
TL;DR: In this article, a family firm may experience lower labor productivity because of adverse selection problems from labor market sortin... and non-family firms both must align owner and employee interests.
Abstract: Family and nonfamily firms both must align owner and employee interests. However, family firms may experience lower labor productivity because of adverse selection problems from labor market sortin...
54 citations
TL;DR: In this paper, the influence of family ownership on firms' noncompliance with corporate governance codes was examined using socio-emotional wealth perspective to examine the influence on the noncompliance.
Abstract: We draw on the socioemotional wealth perspective to examine the influence of family ownership on firms’ noncompliance with corporate governance codes. Our results yield an inverted U-shaped effect ...
54 citations
TL;DR: In this paper, the authors argue that business-owning families are widely believed to make decisions in order to increase their authority over, influence on, and identity with their businesses.
Abstract: Business-owning families are widely believed to make decisions in order to increase their authority over, influence on, and identity with their businesses. Yet, because the resulting socioemotional...
52 citations
TL;DR: In this article, the authors examine whether agency or stewardship is the more effective form of managerial governance within family firms and present arguments regarding the differential tendencies of non-familias and families.
Abstract: This article examines whether agency or stewardship is the more effective form of managerial governance within family firms. Synthesizing arguments regarding the differential tendencies of nonfamil...
TL;DR: This article presented archival and content analytic adaptations for three key factors signifying alignment between family influence and organizational identity, drawing from a framework highlighting how family influence is reflected in organizational identity.
Abstract: Drawing from a framework highlighting how family influence is reflected in organizational identity, we present archival and content analytic adaptations for three key factors signifying alignment b...
TL;DR: In this paper, the authors theoretically and empirically intertwine agency and stewardship theories to examine their distinct and combined influences on family firms, using primary matched triadic data from CEOs, families, and boards.
Abstract: This article theoretically and empirically intertwines agency and stewardship theories to examine their distinct and combined influences on family firms. Primary matched triadic data from CEOs, fam...
TL;DR: The extent to which assessments are shared across family members and generations has been questioned, suggesting that the variability in the family members' perceptions may convey important family-related information as discussed by the authors.
Abstract: The extent to which assessments are shared across family members and generations has been questioned, suggesting that the variability in the family members’ perceptions may convey important family-...
TL;DR: In this paper, the authors investigated how leadership approaches interact with family influence to inform perceptions of knowledge sharing in small family firms and found that the choice in leadership intention, contrasting organization-focused participation against family-influenced guidance, has implications on the implications of this leadership choice.
Abstract: Small family firms have many unique relational qualities with implications for how knowledge is passed between individuals. Extant literature posits leadership approach as important in explaining differences in knowledge-sharing climate from one firm to another. This study investigates how leadership approaches interact with family influence to inform perceptions of knowledge sharing. We utilize survey data (n = 110) from owner-managers of knowledge-intensive small family firms in Scotland. Our findings present a choice in leadership intention, contrasting organization-focused participation against family-influenced guidance. Insight is offered on the implications of this leadership choice at both organizational and familial levels.
TL;DR: In this paper, the consequences of working in an ecological theory of human development research have been investigated concerning the impact of adolescent work on psychological and family outcomes, and the results show that adolescents are more likely to commit suicide than their peers.
Abstract: Previous ecological theory of human development research shows mixed results concerning the impact of adolescent work on psychological and family outcomes. We show the consequences of working in th...
TL;DR: In this article, the authors discuss the basic models used in research design that serve as intermediaries between theories and data, often directing decisions about methods and statistics, and propose a model-based approach to model selection.
Abstract: Models are an important component of research design that serve as intermediaries between theories and data, often directing decisions about methods and statistics. This article discusses the basic...
TL;DR: In this article, the authors explore how publicly listed family and non-family firms engage in self-serving attributions in their annual financial reports and empirically examine how both types of firms emphasize internal at...
Abstract: We explore how publicly listed family and nonfamily firms engage in self-serving attributions in their annual financial reports. We empirically examine how both types of firms emphasize internal at...
TL;DR: In this paper, the authors argue that the variance in success of publishing work of similar rigor and significance is at least partly because some authors are better than others in appreciating and understanding the mind-set of editors and reviewers.
Abstract: Getting a positive nod from editors and reviewers is an essential hurdle that all research papers must overcome before getting published in a scholarly journal such as Family Business Review (FBR). By its very nature, the blind review process requires the authors of a manuscript to convince reviewers and editors that their research fits the scope of the journal, is rigorous, and makes a significant contribution to knowledge in the field. This task of convincing fellow experts has to be accomplished through the manuscript (including revisions) that describes a study, and through the answers to questions and comments of editors and reviewers contained in the response letter(s). Of course, while all research published in an academic journal must be scientifically rigorous and make a contribution to the literature, the rigor and contribution of a study are both continuous variables that fall within a continuum with easy-to-detect extremities of high and low at the two ends and a large gray area in between. Authors, reviewers, and editors have their own ideas of the degrees of rigor and contribution needed for publication in a specific journal. Yet these three parties must come to an agreement for any manuscript to be accepted, making it a negotiated settlement. An important question to consider is why are some authors more successful than others in getting work of similar rigor and contribution published? In this editorial, we continue FBR’s tradition of publishing editorials that help authors improve their chances of getting their manuscripts published. Our aim is to demystify the editorial and review process by drawing on our experiences as authors, reviewers, and editors, to shed light on this question. We believe the variance in success of publishing work of similar rigor and significance is at least partly because some authors are better than others in appreciating and understanding the mind-set of editors and reviewers. Authors aware of this mind-set will be better at converting the review process into a collective effort among authors, reviewers, and editors that maximizes the knowledge creation potential and readability of their work. In other words, these authors are better at not only “closing the deal” but also at improving their manuscripts.
TL;DR: The authors reflect on their preconceptions about journal publishing as they came into the job, lessons they learned along the way, and the changes they observed in their field. And they end this editorial with some thoughts of their expectations for the future of entrepreneurship and family business studies.
Abstract: As we end our respective tenures as editors of Entrepreneurship Theory & Practice (ET&P; D. Ray Bagby, 33+ years), Family Business Review (FBR; Pramodita Sharma, 9 years), and Journal of Business Venturing (JBV; Dean Shepherd, 8 years), we reflect on our preconceptions about journal publishing as we came into the job, lessons we learned along the way, and the changes we observed in our field. We end this editorial with some thoughts of our expectations for the future of entrepreneurship and family business studies.