Hardback
Firms within Families
Enterprising in Diverse Country Contexts
9781782546511 Edward Elgar Publishing
Firms within Families: Enterprising in Diverse Country Contexts investigates this ‘double embeddedness’ of business ownership and management through two illuminating sets of empirical studies. Part I focuses upon the family-oriented goal of socio-emotional wealth and its association with a firm’s strategic orientations, strategies and performance. Part II examines strategies and experiences at the work–family interface and their implications for an owner-manager’s psychological well-being. Both parts feature diverse studies from the United States, Switzerland/Germany, China, Brazil, and India.
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Critical Acclaim
Contributors
Contents
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Just as much entrepreneurial activity is embedded within families, many families are embedded in business enterprising. And both are embedded in broader economic, institutional and cultural environments that shape their experience and development.
Firms within Families: Enterprising in Diverse Country Contexts investigates this ‘double embeddedness’ of business ownership and management through two illuminating sets of empirical studies. Part I focuses upon the family-oriented goal of socio-emotional wealth and its association with a firm’s strategic orientations, strategies and performance. Part II examines strategies and experiences at the work–family interface and their implications for an owner-manager’s psychological well-being. Both parts feature diverse studies from the United States, Switzerland/Germany, China, Brazil and India.
The findings from this unique collaboration reveal intriguing similarities and differences in the influence of family-related factors upon owner-managers and their firms within distinct socio-economic regions of the world. It will be of especial interest to scholars of entrepreneurship, family enterprise and international business.
Firms within Families: Enterprising in Diverse Country Contexts investigates this ‘double embeddedness’ of business ownership and management through two illuminating sets of empirical studies. Part I focuses upon the family-oriented goal of socio-emotional wealth and its association with a firm’s strategic orientations, strategies and performance. Part II examines strategies and experiences at the work–family interface and their implications for an owner-manager’s psychological well-being. Both parts feature diverse studies from the United States, Switzerland/Germany, China, Brazil and India.
The findings from this unique collaboration reveal intriguing similarities and differences in the influence of family-related factors upon owner-managers and their firms within distinct socio-economic regions of the world. It will be of especial interest to scholars of entrepreneurship, family enterprise and international business.
Critical Acclaim
‘This book takes a serious look at how the family-related factors of socio-emotional wealth (SEW) motivations and work-family interface (WFI) strategies and experiences influence owner-managed businesses and business owner-managers in the US, Germany/Switzerland, China, Brazil and India. It will be of especial interest to entrepreneurship and family business scholars looking for comparative empirical research on the family and contextual embeddedness of entrepreneurial activity.’
– Pramodita Sharma, Family Business Review
‘This is a wonderful book and very timely. For a while now, scholars have discussed the manifold influences of family on business and of business on family. This book is a must-read for all of us interested in family entrepreneurship, not least because of its theoretical ideas, but also because of the unique empirical data on “firms within families”, presented for a wide variety of countries, amongst them, Brazil, China and India. The editors have done a superb job in bringing together a group of leading scholars on family business, thus widening our perspectives on what constitutes a family business.’
– Friederike Welter, Institut für Mittelstandsforschung (IfM) Bonn and University of Siegen, Germany
‘This excellent book addresses a new area of research within entrepreneurship and family business. Understanding the impact of both family and country contexts, or what the editors – all leading authorities in the entrepreneurship and family business fields – call “double embeddedness” on enterprising activities, is a very important but previously under-researched topic. The book’s chapters offer invaluable insights into the similarities and differences between developed and developing countries. This makes the book a unique and much needed source of inspiration for all researchers who are interested in exploring and comparing entrepreneurship and family business topics in diverse country settings.’
- Mattias Nordqvist, Jönköping International Business School, Jönköping University, Sweden
‘The authors have heeded recent calls to investigate the double embeddedness of businesses within families and within national contexts. Using a multinational sample drawn from 6 countries and 4 continents, and with original survey data collected from almost 1400 respondents, the authors provide a rich conceptual framework for understanding the work family interface. In particular, they emphasize the non-economic outcomes associated with business enterprise, focusing on the concept of “socio-economic wealth.” The book is truly comparative in several senses, not only comparing family and non-family firms but also making comparisons across nations, with some surprising conclusions about similarities and differences. I highly recommend this book to all scholars interested in family business, entrepreneurship, and the non-economic aspects of commercial ventures.’
– Howard Aldrich, University of North Carolina, Chapel Hill, US
– Pramodita Sharma, Family Business Review
‘This is a wonderful book and very timely. For a while now, scholars have discussed the manifold influences of family on business and of business on family. This book is a must-read for all of us interested in family entrepreneurship, not least because of its theoretical ideas, but also because of the unique empirical data on “firms within families”, presented for a wide variety of countries, amongst them, Brazil, China and India. The editors have done a superb job in bringing together a group of leading scholars on family business, thus widening our perspectives on what constitutes a family business.’
– Friederike Welter, Institut für Mittelstandsforschung (IfM) Bonn and University of Siegen, Germany
‘This excellent book addresses a new area of research within entrepreneurship and family business. Understanding the impact of both family and country contexts, or what the editors – all leading authorities in the entrepreneurship and family business fields – call “double embeddedness” on enterprising activities, is a very important but previously under-researched topic. The book’s chapters offer invaluable insights into the similarities and differences between developed and developing countries. This makes the book a unique and much needed source of inspiration for all researchers who are interested in exploring and comparing entrepreneurship and family business topics in diverse country settings.’
- Mattias Nordqvist, Jönköping International Business School, Jönköping University, Sweden
‘The authors have heeded recent calls to investigate the double embeddedness of businesses within families and within national contexts. Using a multinational sample drawn from 6 countries and 4 continents, and with original survey data collected from almost 1400 respondents, the authors provide a rich conceptual framework for understanding the work family interface. In particular, they emphasize the non-economic outcomes associated with business enterprise, focusing on the concept of “socio-economic wealth.” The book is truly comparative in several senses, not only comparing family and non-family firms but also making comparisons across nations, with some surprising conclusions about similarities and differences. I highly recommend this book to all scholars interested in family business, entrepreneurship, and the non-economic aspects of commercial ventures.’
– Howard Aldrich, University of North Carolina, Chapel Hill, US
Contributors
Contributors: T. Andreassi, K.A. Eddleston, M. Ganter, J. Huang, J.E. Jennings, P. Devereaux Jennings, Y. Joo, K. Kumar, R. Sarathy, P. Sieger, L. Tian, M.J. Tonelli, T. Zellweger, Y. Zheng
Contents
Contents:
1. Introduction: A Framework for Studying the ‘Double Embeddedness’ of Business Enterprising
Jennifer E. Jennings, Kimberly A. Eddleston, P. Devereaux Jennings and Ravi Sarathy
PART I FAMILY INFLUENCES UPON OWNER-MANAGED BUSINESSES IN DIVERSE COUNTRY CONTEXTS
2. The Orientations, Strategies and Performance of Family and Non-Family Firms in the United States: How Important is SEW?
P. Devereaux Jennings, Jennifer E. Jennings and Youngbin Joo
3. The Performance of Swiss and German Family Firms: Investigating Strategies, Orientations and SEW as Determinants
Philipp Sieger and Thomas Zellweger
4. The Antecedents and Outcomes of Business Strategies Within Privately-Held Family and Non-Family SMEs in China
Yanfeng Zheng and Jie Huang
5. Strategies and Motives of Family and Non-Family Firms in Brazil: Socio-Emotional Wealth and Firm Performance in an Emerging Market
Ravi Sarathy, Tales Andreassi, Maria José Tonelli and Kimberly A. Eddleston
6. Strategies and Motives of Family and Non-Family Firms in India: Unexpected Differences and Similarities
Ravi Sarathy, K. Kumar and Kimberly A. Eddleston
7. Part I Summary: The Impact of SEW on Family and Non-Family Firms in Developed Versus Emerging Economies
P. Devereaux Jennings, Ravi Sarathy, Kimberly A. Eddleston and Jennifer E. Jennings
PART II FAMILY INFLUENCES UPON BUSINESS OWNER-MANAGERS IN DIVERSE COUNTRY CONTEXTS
8. The Work-Family Interface Strategies and Experiences of US Owner-Managers: Implications for Satisfaction and Perceived Effectiveness
Jennifer E. Jennings and P. Devereaux Jennings
9. The Family-To-Business Strategies and Experiences of Owner-Managers in Switzerland and Germany: Implications for Personal Well-Being
Philipp Sieger, Melanie Ganter and Thomas Zellweger
10. The Work-Family Interface of Business Owner-Managers in China
Li Tian and Yanfeng Zheng
11. Entrepreneuring Families in Brazil: The Need for Support at Home and for the Business
Ravi Sarathy, Tales Andreassi, Maria José Tonelli and Kimberly A. Eddleston
12. Enterprising Families in India: Are Their Businesses and Families Enemies?
Ravi Sarathy, K. Kumar and Kimberly A. Eddleston
13. Part II Summary: Is Entrepreneurship ‘Good’ for Families? It Depends on the Country
Kimberly Eddleston, Jennifer E. Jennings, P. Devereaux Jennings and Ravi Sarathy
14. Conclusion: Reflections Upon the Double Embeddedness of Business Enterprising
Jennifer E. Jennings, Kimberly A. Eddleston, P. Devereaux Jennings and Ravi Sarathy
Index
1. Introduction: A Framework for Studying the ‘Double Embeddedness’ of Business Enterprising
Jennifer E. Jennings, Kimberly A. Eddleston, P. Devereaux Jennings and Ravi Sarathy
PART I FAMILY INFLUENCES UPON OWNER-MANAGED BUSINESSES IN DIVERSE COUNTRY CONTEXTS
2. The Orientations, Strategies and Performance of Family and Non-Family Firms in the United States: How Important is SEW?
P. Devereaux Jennings, Jennifer E. Jennings and Youngbin Joo
3. The Performance of Swiss and German Family Firms: Investigating Strategies, Orientations and SEW as Determinants
Philipp Sieger and Thomas Zellweger
4. The Antecedents and Outcomes of Business Strategies Within Privately-Held Family and Non-Family SMEs in China
Yanfeng Zheng and Jie Huang
5. Strategies and Motives of Family and Non-Family Firms in Brazil: Socio-Emotional Wealth and Firm Performance in an Emerging Market
Ravi Sarathy, Tales Andreassi, Maria José Tonelli and Kimberly A. Eddleston
6. Strategies and Motives of Family and Non-Family Firms in India: Unexpected Differences and Similarities
Ravi Sarathy, K. Kumar and Kimberly A. Eddleston
7. Part I Summary: The Impact of SEW on Family and Non-Family Firms in Developed Versus Emerging Economies
P. Devereaux Jennings, Ravi Sarathy, Kimberly A. Eddleston and Jennifer E. Jennings
PART II FAMILY INFLUENCES UPON BUSINESS OWNER-MANAGERS IN DIVERSE COUNTRY CONTEXTS
8. The Work-Family Interface Strategies and Experiences of US Owner-Managers: Implications for Satisfaction and Perceived Effectiveness
Jennifer E. Jennings and P. Devereaux Jennings
9. The Family-To-Business Strategies and Experiences of Owner-Managers in Switzerland and Germany: Implications for Personal Well-Being
Philipp Sieger, Melanie Ganter and Thomas Zellweger
10. The Work-Family Interface of Business Owner-Managers in China
Li Tian and Yanfeng Zheng
11. Entrepreneuring Families in Brazil: The Need for Support at Home and for the Business
Ravi Sarathy, Tales Andreassi, Maria José Tonelli and Kimberly A. Eddleston
12. Enterprising Families in India: Are Their Businesses and Families Enemies?
Ravi Sarathy, K. Kumar and Kimberly A. Eddleston
13. Part II Summary: Is Entrepreneurship ‘Good’ for Families? It Depends on the Country
Kimberly Eddleston, Jennifer E. Jennings, P. Devereaux Jennings and Ravi Sarathy
14. Conclusion: Reflections Upon the Double Embeddedness of Business Enterprising
Jennifer E. Jennings, Kimberly A. Eddleston, P. Devereaux Jennings and Ravi Sarathy
Index
