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Handbook of Research on Family Business
The Handbook of Research on Family Business provides a comprehensive first port of call for those wishing to survey progress in the theory and practice of family business research. In response to the extensive growth of family business as a topic of academic inquiry, the principal objective of the Handbook is to provide an authoritative and scholarly overview of current thinking in this multidisciplinary field.
More Information
Critical Acclaim
Contributors
Contents
More Information
The Handbook of Research on Family Business provides a comprehensive first port of call for those wishing to survey progress in the theory and practice of family business research. In response to the extensive growth of family business as a topic of academic inquiry, the principal objective of the Handbook is to provide an authoritative and scholarly overview of current thinking in this multidisciplinary field.
The contributors examine recent advances in the study of family business, which has undertaken significant strides in terms of theory building, empirical rigour, development of sophisticated survey instruments, systematic measurement of family business activity, use of alternative research methodologies and deployment of robust tools of analysis. A wide selection of empirical studies addressing the current family business research agenda are presented, and issues and topics explored include:
• validation of the protagonist role that family firms play in social-economic spheres;
• operational and definitional issues surrounding what constitutes a family business;
• historical development of the field of family business;
• methodologies encompassing micro and macro perspectives;
• challenges to the orthodox microeconomic view of homo-economicus firms by highlighting the virtues of family influence and social capital.
Comprising contributions from leading researchers credited with shaping the family business agenda, this Handbook will prove an invaluable reference tool for students, researchers, academics and practitioners involved with the family business arena.
The contributors examine recent advances in the study of family business, which has undertaken significant strides in terms of theory building, empirical rigour, development of sophisticated survey instruments, systematic measurement of family business activity, use of alternative research methodologies and deployment of robust tools of analysis. A wide selection of empirical studies addressing the current family business research agenda are presented, and issues and topics explored include:
• validation of the protagonist role that family firms play in social-economic spheres;
• operational and definitional issues surrounding what constitutes a family business;
• historical development of the field of family business;
• methodologies encompassing micro and macro perspectives;
• challenges to the orthodox microeconomic view of homo-economicus firms by highlighting the virtues of family influence and social capital.
Comprising contributions from leading researchers credited with shaping the family business agenda, this Handbook will prove an invaluable reference tool for students, researchers, academics and practitioners involved with the family business arena.
Critical Acclaim
‘. . . this Handbook is a good example . . . for those interested in giving a more articulated and solid flavour to their research.’
– Andrea Colli, Business History
‘The authors have taken a lot of pain in putting this Handbook together. As the name indicates, this is an excellent Handbook for researchers.’
– Global Business Review
‘The Handbook of Research on Family Business has collected and synthesized a broad variety of topics by notable researchers who share a common dedication to family business research. This Handbook provides a comprehensive treatment that advances the frontiers of knowledge in family business, provoking valuable thoughts and discussion. The Handbook serves as both an authoritative and comprehensive reference work for researchers investigating family enterprises.’
– A. Bakr Ibrahim, Concordia University, Montreal, Canada
‘Although family business research is a young discipline it is both necessary and important. For the wellbeing and future development of our society the survival of prosperous and passionate family business entrepreneurs is indispensable. In order to help the families in business to better understand how to succeed with their enterprises we need qualified and updated research. This book is the answer!’
– Hans-Jacob Bonnier, Bonnier Business Press Group, Sweden and 6th Generation Chairman of the Family Business Network – International
‘This Handbook is a unique compilation of the most important and the best recent family business research. The field has grown so rapidly that this effort will be a mark for the research to follow. The Handbook of Research on Family Business will be the reference for scholars in family business for many years to come. It will also stimulate new ideas in research.’
– John L. Ward, IMD, Switzerland and Northwestern University, US
– Andrea Colli, Business History
‘The authors have taken a lot of pain in putting this Handbook together. As the name indicates, this is an excellent Handbook for researchers.’
– Global Business Review
‘The Handbook of Research on Family Business has collected and synthesized a broad variety of topics by notable researchers who share a common dedication to family business research. This Handbook provides a comprehensive treatment that advances the frontiers of knowledge in family business, provoking valuable thoughts and discussion. The Handbook serves as both an authoritative and comprehensive reference work for researchers investigating family enterprises.’
– A. Bakr Ibrahim, Concordia University, Montreal, Canada
‘Although family business research is a young discipline it is both necessary and important. For the wellbeing and future development of our society the survival of prosperous and passionate family business entrepreneurs is indispensable. In order to help the families in business to better understand how to succeed with their enterprises we need qualified and updated research. This book is the answer!’
– Hans-Jacob Bonnier, Bonnier Business Press Group, Sweden and 6th Generation Chairman of the Family Business Network – International
‘This Handbook is a unique compilation of the most important and the best recent family business research. The field has grown so rapidly that this effort will be a mark for the research to follow. The Handbook of Research on Family Business will be the reference for scholars in family business for many years to come. It will also stimulate new ideas in research.’
– John L. Ward, IMD, Switzerland and Northwestern University, US
Contributors
Contributors: J.H. Astrachan, Å. Björnberg, K. Cappuyns, G. Corbetta, J. Craig, S.M. Danes, R. Donckels, K.A. Eddleston, M.A. Fitzgerald, M.A. Gallo, E. García-Álvarez, A. Gimeno Sandig, L. Gnan, S. Gómez Ansón, T. Goto, T.G. Habbershon, A. Hall, G.W. Haynes, R.K.Z. Heck, C. Howorth, F. Hoy, W.V. Huang, C.R. Jasper, Z. Jing, T.A. Kalkanteras, F.W. Kellermanns, A. Keyt, S.B. Klein, G.J. Labadie, J. Lambrecht, S. Lane, I. Le Breton-Miller, J. López-Sintas, M. Lyagoubi, I.C. MacMillan, G. Marchisio, P. Mazzola, K. McMillan, L. Melin, X. Mendoza Mayordomo, S. Menéndez-Requejo, D. Miller, A. Minichilli, S.L. Moncrief-Stuart, D. Montemerlo, K. Moores, N. Nicholson, M. Nordqvist, J. Paul, D. Pistrui, P.Z. Poutziouris, V.D. Pyromalis, M.E. Rogdaki, M. Sacristán Navarro, W. Saris, H.L. Schrank, M.C. Shanker, P. Sharma, G.P. Sigalas, K.X. Smyrnios, L. Songini, K. Stafford, L. Steier, J. Tàpies, S. Tomaselli, R.N. Trevinyo-Rodríguez, L.M. Uhlaner, G.S. Vozikis, H.P. Welsch, P. Westhead, M. Williams, M. Winter, S.A. Zahra
Contents
Contents:
Foreword
Miguel Angel Gallo
Introduction: The Business of Researching Family Enterprises
Panikkos Zata Poutziouris, Kosmas X. Smyrnios and Sabine B. Klein
PART I: FRONTIERS OF A FAMILY BUSINESS
1. Navigating the Family Business Education Maze
Frank Hoy and Pramodita Sharma
2. An Overview of the Field of Family Business Studies: Current Status and Directions for the Future
Pramodita Sharma
3. Family Businesses’ Contribution to the US Economy: A Closer Look
Joseph H. Astrachan and Melissa Carey Shanker
PART II: THEORIZING FAMILY BUSINESSES AND BUSINESS FAMILIES
4. A Unified Systems Perspective of Family Firm Performance
Timothy G. Habbershon, Mary Williams and Ian C. MacMillan
5. The Family’s Dynamic Role within Family Business Entrepreneurship
Ramona K.Z. Heck, Sharon M. Danes, Margaret A. Fitzgerald, George W. Haynes, Cynthia R. Jasper, Holly L. Schrank, Kathryn Stafford and Mary Winter
6. Critical Leader Relationships in Family Firms
Nigel Nicholson and Åsa Björnberg
7. Business Family as a Team: Underlying Force for Sustained Competitive Advantage
Lorraine M. Uhlaner
8. Internal Factors of Family Business Performance: An Integrated Theoretical Model
Alberto Gimeno Sandig, Gaston J. Labadie, Willem Saris and Xavier Mendoza Mayordomo
PART III: FAMILY BUSINESS RESEARCH: METRICS AND METHODOLOGIES
9. The F-PEC Scale of Family Influence: A Proposal for Solving the
Family Business Definition Problem
Joseph H. Astrachan, Sabine B. Klein and Kosmas X. Smyrnios
10. Identification of Different Types of Private Family Firms
Paul Westhead and Carole Howorth
11. From Vision to Variables: A Scorecard to Continue the Professionalization of a Family Firm
Ken Moores and Justin Craig
12. Working with Families in Business: A Content Validity Study of the
Aspen Family Business Inventory
Sandra L. Moncrief-Stuart, Joe Paul and Justin Craig
PART IV: FAMILY BUSINESS THEMES IN FOCUS
13. Founder–Successor’s Transition: A Model of Coherent Value
Transmission Paths
Ercilia García-Álvarez and Jordi López-Sintas
14. Understanding Strategizing in the Family Business Context
Annika Hall, Leif Melin and Mattias Nordqvist
15. The Professionalization of Family Firms: Theory and Practice
Lucrezia Songini
16. Writing, Implementing and Maintaining Family Protocols
Miguel Angel Gallo and Salvatore Tomaselli
17. Generic Models for Family Business Boards of Directors
Joseph H. Astrachan, Andrew Keyt, Suzanne Lane and Kristi McMillan
18. Effective Knowledge Transfer in Family Firms
Rosa Nelly Trevinyo-Rodríguez and Josep Tàpies
19. Feuding Families: The Management of Conflict in Family Firms
Franz W. Kellermanns and Kimberly A. Eddleston
PART V: FAMILY BUSINESS SUCCESSION
20. Lost in Time: Intergenerational Succession, Change and Failure in
Family Business
Danny Miller, Lloyd Steier and Isabelle Le Breton-Miller
21. Towards a Business Family Dynasty: A Lifelong, Continuing Process
Johan Lambrecht and Rik Donckels
22. Using the Strategic Planning Process as a Next-Generation Training Tool in Family Business
Pietro Mazzola, Gaia Marchisio and Joseph H. Astrachan
23. An Integrated Framework for Testing the Success of the Family Business Succession Process According to Gender Specificity
Vassilios D. Pyromalis, George S. Vozikis, Theodoros A. Kalkanteras, Michaela E. Rogdaki and George P. Sigalas
PART VI FAMILY BUSINESS PERFORMANCE: GLOBAL AND TRANS-CULTURAL ISSUES
24. Internationalization of Family Businesses through Strategic Alliances: An Exploratory Study
Kristin Cappuyns
25. Family and Cultural Forces: Shaping Entrepreneurship and SME Development in China
David Pistrui, Wilfred V. Huang, Harold P. Welsch and Zhao Jing
26. Board of Directors in Italian Public Family-Controlled Companies
Guido Corbetta and Alessandro Minichilli
27. Family-Firm Relationships in Italian SMEs: Ownership and Governance Issues in a Double-Fold Theoretical Perspective
Luca Gnan and Daniela Montemerlo
28. Longevity of Japanese Family Firms
Toshio Goto
PART VII: FAMILY BUSINESS FINANCE
29. Family Firms and Financial Behavior: How Family Shareholder Preferences Influence Firms’ Financing
Myriam Lyagoubi
30. The Structure and Performance of the UK Family Business PLC Economy
Panikkos Zata Poutziouris
31. Ownership Structure and Firm Performance: Evidence from Spanish Family Firms
Susana Menéndez-Requejo
32. Family Ownership, Corporate Governance and Firm Value: Evidence from the Spanish Market
María Sacristán Navarro and Silvia Gómez Ansón
Epilogue: Theory Building and the Survival of Family Firms – Three Promising Research Directions
Shaker A. Zahra, Sabine B. Klein and Joseph H. Astrachan
Index
Foreword
Miguel Angel Gallo
Introduction: The Business of Researching Family Enterprises
Panikkos Zata Poutziouris, Kosmas X. Smyrnios and Sabine B. Klein
PART I: FRONTIERS OF A FAMILY BUSINESS
1. Navigating the Family Business Education Maze
Frank Hoy and Pramodita Sharma
2. An Overview of the Field of Family Business Studies: Current Status and Directions for the Future
Pramodita Sharma
3. Family Businesses’ Contribution to the US Economy: A Closer Look
Joseph H. Astrachan and Melissa Carey Shanker
PART II: THEORIZING FAMILY BUSINESSES AND BUSINESS FAMILIES
4. A Unified Systems Perspective of Family Firm Performance
Timothy G. Habbershon, Mary Williams and Ian C. MacMillan
5. The Family’s Dynamic Role within Family Business Entrepreneurship
Ramona K.Z. Heck, Sharon M. Danes, Margaret A. Fitzgerald, George W. Haynes, Cynthia R. Jasper, Holly L. Schrank, Kathryn Stafford and Mary Winter
6. Critical Leader Relationships in Family Firms
Nigel Nicholson and Åsa Björnberg
7. Business Family as a Team: Underlying Force for Sustained Competitive Advantage
Lorraine M. Uhlaner
8. Internal Factors of Family Business Performance: An Integrated Theoretical Model
Alberto Gimeno Sandig, Gaston J. Labadie, Willem Saris and Xavier Mendoza Mayordomo
PART III: FAMILY BUSINESS RESEARCH: METRICS AND METHODOLOGIES
9. The F-PEC Scale of Family Influence: A Proposal for Solving the
Family Business Definition Problem
Joseph H. Astrachan, Sabine B. Klein and Kosmas X. Smyrnios
10. Identification of Different Types of Private Family Firms
Paul Westhead and Carole Howorth
11. From Vision to Variables: A Scorecard to Continue the Professionalization of a Family Firm
Ken Moores and Justin Craig
12. Working with Families in Business: A Content Validity Study of the
Aspen Family Business Inventory
Sandra L. Moncrief-Stuart, Joe Paul and Justin Craig
PART IV: FAMILY BUSINESS THEMES IN FOCUS
13. Founder–Successor’s Transition: A Model of Coherent Value
Transmission Paths
Ercilia García-Álvarez and Jordi López-Sintas
14. Understanding Strategizing in the Family Business Context
Annika Hall, Leif Melin and Mattias Nordqvist
15. The Professionalization of Family Firms: Theory and Practice
Lucrezia Songini
16. Writing, Implementing and Maintaining Family Protocols
Miguel Angel Gallo and Salvatore Tomaselli
17. Generic Models for Family Business Boards of Directors
Joseph H. Astrachan, Andrew Keyt, Suzanne Lane and Kristi McMillan
18. Effective Knowledge Transfer in Family Firms
Rosa Nelly Trevinyo-Rodríguez and Josep Tàpies
19. Feuding Families: The Management of Conflict in Family Firms
Franz W. Kellermanns and Kimberly A. Eddleston
PART V: FAMILY BUSINESS SUCCESSION
20. Lost in Time: Intergenerational Succession, Change and Failure in
Family Business
Danny Miller, Lloyd Steier and Isabelle Le Breton-Miller
21. Towards a Business Family Dynasty: A Lifelong, Continuing Process
Johan Lambrecht and Rik Donckels
22. Using the Strategic Planning Process as a Next-Generation Training Tool in Family Business
Pietro Mazzola, Gaia Marchisio and Joseph H. Astrachan
23. An Integrated Framework for Testing the Success of the Family Business Succession Process According to Gender Specificity
Vassilios D. Pyromalis, George S. Vozikis, Theodoros A. Kalkanteras, Michaela E. Rogdaki and George P. Sigalas
PART VI FAMILY BUSINESS PERFORMANCE: GLOBAL AND TRANS-CULTURAL ISSUES
24. Internationalization of Family Businesses through Strategic Alliances: An Exploratory Study
Kristin Cappuyns
25. Family and Cultural Forces: Shaping Entrepreneurship and SME Development in China
David Pistrui, Wilfred V. Huang, Harold P. Welsch and Zhao Jing
26. Board of Directors in Italian Public Family-Controlled Companies
Guido Corbetta and Alessandro Minichilli
27. Family-Firm Relationships in Italian SMEs: Ownership and Governance Issues in a Double-Fold Theoretical Perspective
Luca Gnan and Daniela Montemerlo
28. Longevity of Japanese Family Firms
Toshio Goto
PART VII: FAMILY BUSINESS FINANCE
29. Family Firms and Financial Behavior: How Family Shareholder Preferences Influence Firms’ Financing
Myriam Lyagoubi
30. The Structure and Performance of the UK Family Business PLC Economy
Panikkos Zata Poutziouris
31. Ownership Structure and Firm Performance: Evidence from Spanish Family Firms
Susana Menéndez-Requejo
32. Family Ownership, Corporate Governance and Firm Value: Evidence from the Spanish Market
María Sacristán Navarro and Silvia Gómez Ansón
Epilogue: Theory Building and the Survival of Family Firms – Three Promising Research Directions
Shaker A. Zahra, Sabine B. Klein and Joseph H. Astrachan
Index
