Pascual Berrone, Cristina Cruz, Luis R. Gómez‐Mejía
This article makes the case for the socioemotional wealth (SEW) approach as the
potential dominant paradigm in the family business field. The authors argue that
SEW is the most important differentiator of the family firm as a unique entity
and, as such, helps explain why family firms behave distinctively. In doing so,
the authors review the concept of SEW, its different dimensions, and its links
w... hiện toàn bộ
The Resource-Based View (RBV) of competitive advantage provides a theoretical
framework from the field of strategic management for assessing the competitive
advantages of family firms. The RBV isolates idiosyncratic resources that are
complex, intangible, and dynamic within a particular firm. The bundle of
resources that are distinctive to a firm as a result of family involvement are
identified as... hiện toàn bộ
Based on a review of 217 refereed articles on family business studies, the
literature is organized according to its focus on individual, interpersonal or
group, organizational, and societal levels of analyses. An assessment of the
status of our current understanding at each level is provided and directions for
future research are suggested. A discussion of definitional issues, bases of
distinctive... hiện toàn bộ
Although family-owned and managed firms are the predominant form of business
organization in the world today, little systematic research exists on these
companies. This paper builds upon insights found in the emerging literature on
these enterprises and upon our own observations to provide a conceptual
framework to better understand these complex organizations. We introduce the
concept of the Biva... hiện toàn bộ
Lucia Naldi, Mattias Nordqvist, Karin Sjöberg, Johan Wiklund
This article focuses on risk taking as one important dimension of
entrepreneurial orientation and its impact in family firms. Drawing on a sample
of Swedish SMEs, we find that risk taking is a distinct dimension of
entrepreneurial orientation in family firms and that it is positively associated
with proactiveness and innovation. We also find that even if family firms do
take risks while engaged in... hiện toàn bộ
After decades of being viewed as obsolete and problem ridden, recent research
has begun to show that major, publicly traded family-controlled businesses
(FCBs) actually out-perform other types of businesses. This article examines the
nature of such family businesses in an attempt to explain why some seem to do so
well and others so poorly. It begins with four fundamental governance choices
that di... hiện toàn bộ
This article reviews the literature on family business from a strategic
management perspective. In general, this literature is dominated by descriptive
articles that typically focus on family relationships. However, the literature
does not usually address how these relationships affect the performance of a
family business. Taking a strategic management perspective, we outline a new set
of objectiv... hiện toàn bộ
Joseph H. Astrachan, Sabine B. Klein, Kosmas X. Smyrnios
This article proposes an alternative method for assessing the extent of family
influence on any enterprise, enabling the measurement of the impact of family on
outcomes such as success, failure, strategy, and operations. This proposed
method, utilizing a standardized and valid instrument— the F-PEC—enables the
assessment of family influence on a continuous scale rather than restrict its
use as a c... hiện toàn bộ
In 1995, we were commissioned to conduct research on the impact of family
businesses on the U.S. economy. A search of all relevant research led to the
conclusion that the majority of existing data relating to family businesses’
economic contributions were not grounded in empirical research, and the
definitions used to distinguish family businesses from other enterprises were
ambiguous or non-exist... hiện toàn bộ
The purpose of this article is to provide an explanation for the contradictory
evidence in the literature regarding the performance of family-owned firms. The
article suggests that most of the research fails to clearly describe the “family
effect” on organizational performance. The “family effect,” based on agency
theory and the resource-based view of the firm, is described and propositions
are ge... hiện toàn bộ