Help One Another, Use One Another: Toward An Anthropology of Family Business
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Citations
An Overview of the Field of Family Business Studies: Current Status and Directions for the Future
Trends and Directions in the Development of a Strategic Management Theory of the Family Firm
Comparing the Agency Costs of Family and Non‐Family Firms: Conceptual Issues and Exploratory Evidence
The F–PEC Scale of Family Influence: Construction, Validation, and Further Implication for Theory:
Family Control and the Rent-Seeking Society
References
Economic Action and Social Structure: The Problem of Embeddedness
The Great Transformation: The Political and Economic Origins of Our Time
Stone Age Economics
Generation to Generation: Life Cycles of the Family Business
Related Papers (5)
The pervasive effects of family on entrepreneurship: toward a family embeddedness perspective
Managing Resources: Linking Unique Resources, Management, and Wealth Creation in Family Firms
Frequently Asked Questions (9)
Q2. What is the need to disembed from traditional relationships?
This need to “disembed” (Stewart, 1990) from traditional relationships is a prima facie indication of costs to kinship where kinship trumps economics.
Q3. Why do family firms have to be able to reduce their consumption during economic downturns?
Family members also join in the family enterprise because of low opportunitycosts in the external job market (Blim, 1990, p. 155; Chiu, 1998; Wong, 1988, p. 144).studied by Leyton (1970, p. 184), “dependence is maintained by ensuring that any director or salesman enjoys and becomes accustomed to a standard of living out of reach of his own earning power” (see also Long, 1979).
Q4. What does Harrell say about the role of kinship?
Harrell (1997, pp. 458-490) even argues that only one of eight roles played by families acrossbusiness demonstrates that kinship can still be a match for the forces of markets and “rational” decision-making.
Q5. What is the moral order of the society as a whole?
This moral order is rooted in generalized reciprocity and redistribution (Polanyi, 1957, pp. 46, 49, 52-54; cf. Mengzi, 4th c. B.C. (Lau, 1970, p. 92)).
Q6. What is the cost of disembedding from societal norms?
Disembedding from societal norms itself carries costs in lost legitimation, andrisks (such as witchcraft accusations) attendant on nonconformity (Gates, 1993; Geertz, 1967; Oxfeld, 1993, p. 95; Watson, 1985, p. 163).
Q7. What is the meaning of “market discipline”?
This awareness leads to an internalization of external market forces that operate as a social control mechanism in the firm; hence, it has been called “market discipline” in a non-family context (Stewart, 1989, p. 44).
Q8. What is the role of kinship in economic activity?
I suspect that even now economic activity is more deeply embedded in kinship than in other ties, more typically cited by embeddedness theorists, such as friendship and co-ethnicity (Granovetter, 1985; cf. Stewart, 1990).
Q9. How do family members resolve perceived inequities?
In many such cultures family members resolve perceived inequities (among men)by dividing the family estate and starting new branches of the firm.