nach oben

Erschienen in:

2019 | OriginalPaper | Buchkapitel

3. The Most Influential Family Business Articles from 2006 to 2013 Using Five Theoretical Perspectives

verfasst von : Dustin L. Odom, Erick P. C. Chang, James J. Chrisman, Pramodita Sharma, Lloyd Steier

Erschienen in: The Palgrave Handbook of Heterogeneity among Family Firms

Verlag: Springer International Publishing

Einloggen

Aktivieren Sie unsere intelligente Suche, um passende Fachinhalte oder Patente zu finden.

search-config

KI-gestützte Suche

Aus

Abstract

In this chapter, we highlight and review the most frequently cited articles that have influenced family business research between 2006 and 2013 from the five most commonly adopted theoretical perspectives: agency theory, resource-based view, stewardship theory, socioemotional wealth, and institutional theory. Using citation counts from Google Scholar, we identified 21 articles that covered these perspectives. Our review discusses the contributions of these highly cited articles, particularly in terms of understanding family firm heterogeneity. We conclude the chapter by suggesting future research directions using these and other theoretical perspectives.

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

über 102.000 Bücher
über 537 Zeitschriften

aus folgenden Fachgebieten:

Automobil + Motoren
Bauwesen + Immobilien
Business IT + Informatik
Elektrotechnik + Elektronik
Energie + Nachhaltigkeit
Finance + Banking
Management + Führung
Marketing + Vertrieb
Maschinenbau + Werkstoffe
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Jetzt informieren

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

über 67.000 Bücher
über 340 Zeitschriften

aus folgenden Fachgebieten:

Bauwesen + Immobilien
Business IT + Informatik
Finance + Banking
Management + Führung
Marketing + Vertrieb
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Jetzt informieren

Vorheriges Kapitel Origins of Family Business Research

Nächstes Kapitel Empirical Modeling in Testing for Family Firm Heterogeneity

Also see review articles at http://journals.sagepub.com/topic/collections/fbr-1-selected_review_articles/fbr

Our original purpose was to review the top five articles per theory; however, we ended with 21 articles because 4 articles used more than one of the theories.

American Economic Review, Academy of Management Journal, Academy of Management Review, Administrative Science Quarterly, Business Ethics Quarterly, Corporate Governance: An International Review, California Management Review, Entrepreneurship & Regional Development, Entrepreneurship Theory and Practice, Family Business Review, Harvard Business Review, Human Relations, International Small Business Journal, Journal of Business Ethics, Journal of Business Research, Journal of Business Venturing, Journal of Family Business Management, Journal of Family Business Strategy, Journal of Finance, Journal of Financial Economics, Journal of Management, Journal of Management Studies, Journal of Organizational Behavior, Journal of Small Business Management, Leadership Quarterly, Long Range Planning, Management Science, Organizational Dynamics, Organization Science, Organization Studies, Quarterly Journal of Economics, Small Business Economics, Strategic Management Journal, Sloan Management Review, and Strategic Organization.

In order to allow a fair representation of citations per year, the searches for influential articles were limited to family business articles that were published between January 2006 and December 2013. However, articles published after December 2013 were considered for enhancing the review and future research directions.

Citation counts were conducted using the Google Scholar’s database on September 4, 2017.

This premium disappears if the firm is sold to another family member. The authors explain that this is because when the firm is sold within the family, socioemotional wealth (SEW) is maintained.

Articles highlighted in the review are shown in bold.

Anderson, R. C., & Reeb, D. M. (2003). Founding-family ownership and firm performance: Evidence from the S&P 500. Journal of Finance, 58(3), 1301–1328.CrossRef

Arregle, J. L., Hitt, M. A., Sirmon, D. G., & Very, P. (2007). The development of organizational social capital: Attributes of family firms. Journal of Management Studies, 44 (1), 73–95. CrossRef

Barney, J. (1991). Firm resources and sustained competitive advantage. Journal of Management, 17(1), 99–120.CrossRef

Berrone, P., Cruz, C., Gomez-Mejia, L. R., & Larraza-Kintana, M. (2010). Socioemotional wealth and corporate responses to institutional pressures: Do family-controlled firms pollute less? Administrative Science Quarterly, 55 (1), 82–113. CrossRef

Berrone, P., Cruz, C., & Gomez-Mejia, L. R. (2012). Socioemotional wealth in family firms: Theoretical dimensions, assessment approaches, and agenda for future research. Family Business Review, 25 (3), 258–279. CrossRef

Boyer, E. L. (1990). Scholarship reconsidered: Priorities of the professoriate. Princeton: Princeton University Press.

Carney, M. (2005). Corporate governance and competitive advantage in family-controlled firms. Entrepreneurship Theory and Practice, 29(3), 249–265.CrossRef

Cassia, L., De Massis, A., & Pizzurno, E. (2011). An exploratory investigation on NPD in small family businesses from Northern Italy. International Journal of Business, Management and Social Sciences, 2(2), 1–14.

Chen, S., Chen, X., Cheng, Q., & Shevlin, T. (2010). Are family firms more tax aggressive than non-family firms? Journal of Financial Economics, 95 (1), 41–61. CrossRef

Chrisman, J. J., & Patel, P. C. (2012). Variations in R&D investments of family and nonfamily firms: Behavioral agency and myopic loss aversion perspectives. Academy of Management Journal, 55 (4), 976–997. CrossRef

Chrisman, J. J., Chua, J. H., & Litz, R. A. (2004). Comparing the agency costs of family and nonfamily firms: Conceptual issues and exploratory evidence. Entrepreneurship Theory and Practice, 28(4), 335–354.CrossRef

Chrisman, J. J., Kellermanns, F. W., Chan, K. C., & Liano, K. (2010). Intellectual foundations of current research in family business: An identification and review of 25 influential articles. Family Business Review, 23(1), 9–26.CrossRef

Chrisman, J. J., Memili, E., & Misra, K. (2014). Non-family managers, family firms, and the winner’s curse: The influence of non-economic goals and bounded rationality. Entrepreneurship Theory and Practice, 38(5), 1103–1127.CrossRef

Chua, J. H., Chrisman, J. J., Steier, L. P., & Rau, S. B. (2012). Sources of heterogeneity in family firms: An introduction. Entrepreneurship Theory and Practice, 36(6), 1103–1113.CrossRef

Corbetta, G., & Salvato, C. (2004). Self-serving or self-actualizing? Models of man and agency costs in different types of family firms: A commentary on “comparing the agency costs of family and non-family firms: Conceptual issues and exploratory evidence”. Entrepreneurship Theory and Practice, 28(4), 355–362.CrossRef

Daspit, J. J., Holt, D. T., Chrisman, J. J., & Long, R. G. (2016). Examining family firm succession from a social exchange perspective: A multiphase, multistakeholder review. Family Business Review, 29(1), 44–64.CrossRef

Davis, J. H., Schoorman, F. D., & Donaldson, L. (1997). Toward a stewardship theory of management. Academy of Management Review, 22(1), 20–47.CrossRef

De Massis, A., Frattini, F., & Lichtenthaler, U. (2013). Research on technological innovation in family firms: Present debates and future directions. Family Business Review, 26 (1), 10–31. CrossRef

De Massis, A., Kotlar, J., Chua, J. H., & Chrisman, J. J. (2014). Ability and willingness as sufficiency conditions for family-oriented particularistic behavior: Implications for theory and empirical studies. Journal of Small Business Management, 52(2), 344–364.CrossRef

Debicki, B. J., Matherne, C. F., Kellermanns, F. W., & Chrisman, J. J. (2009). Family business research in the new millennium: An overview of the who, the where, the what, and the why. Family Business Review, 22(2), 151–166.CrossRef

Debicki, B., Kellermanns, F., Chrisman, J. J., Pearson, A., & Spencer, B. (2016). Development of a socioemotional wealth importance (SEWi) scale for family firm research. Journal of Family Business Strategy, 7(1), 47–57.CrossRef

Deephouse, D. L. (1996). Does isomorphism legitimate? Academy of Management Journal, 39(4), 1024–1039.CrossRef

Demsetz, H. (1988). The theory of the firm revisited. Journal of Law, Economics, & Organization, 4(1), 141–161.

DiMaggio, P., & Powell, W. W. (1983). The iron cage revisited: Institutional isomorphism and collective rationality in organizational fields. American Sociological Review, 48(2), 147–160.CrossRef

Drucker, P. (1954). The practice of management. New York: Harper & Row.

Durand, R., & Vargas, V. (2003). Ownership, organization, and private firms’ efficient use of resources. Strategic Management Journal, 24(7), 667–675.CrossRef

Dyer, W. G. (2006). Examining the “family effect” on firm performance. Family Business Review, 19 (4), 253–273. CrossRef

Economist (2014, November 1). Family companies: Relative success. (2014, November). The Economist, 410(8907), 12–13. Retrieved from https://www.economist.com/leaders/2014/11/01/relative-success.

Eddleston, K. A., & Kellermanns, F. W. (2007). Destructive and productive family relationships: A stewardship theory perspective. Journal of Business Venturing, 22 (4), 545–565. CrossRef

Eddleston, K. A., Kellermanns, F. W., & Sarathy, R. (2008). Resource configuration in family firms: Linking resources, strategic planning and technological opportunities to performance. Journal of Management Studies, 45 (1), 26–50.

Evert, R. E., Martin, J. A., McLeod, M. S., & Payne, G. T. (2017). Empirics in family business research: Progress, challenges, and the path ahead. Family Business Review, 29(1), 17–43.CrossRef

Gedajlovic, E., Carney, M., Chrisman, J. J., & Kellermanns, F. W. (2012). The adolescence of family firm research: Taking stock and planning for the future. Journal of Management, 38 (4), 1010–1037. CrossRef

Goel, S., & Jones, R. J. (2016). Entrepreneurial exploration and exploitation in family business: A systematic review and future directions. Family Business Review, 29(1), 94–120.CrossRef

Gómez-Mejía, L. R., Haynes, K. T., Núñez-Nickel, M., Jacobson, K. J., & Moyano-Fuentes, J. (2007). Socioemotional wealth and business risks in family-controlled firms: Evidence from Spanish olive oil mills. Administrative Science Quarterly, 52 (1), 106–137. CrossRef

Gomez-Mejia, L. R., Cruz, C., Berrone, P., & De Castro, J. (2011). The bind that ties: Socioemotional wealth preservation in family firms. The Academy of Management Annals, 5(1), 653–707.CrossRef

Habbershon, T. G., & Williams, M. L. (1999). A resource-based framework for assessing the strategic advantages of family firms. Family Business Review, 12(1), 1–25.CrossRef

Hauck, J., Suess-Reyes, J., Beck, S., Prügl, R., & Frank, H. (2016). Measuring socioemotional wealth in family-owned and-managed firms: A validation and short form of the FIBER scale. Journal of Family Business Strategy, 7(3), 133–148.CrossRef

Jaskiewicz, P., & Dyer, W. G. (2017). Addressing the elephant in the room: Disentangling family heterogeneity to advance family business research. Family Business Review, 30(2), 111–118.CrossRef

Jaskiewicz, P., Combs, J., Shanine, K., & Kacmar, M. (2017). Introducing the family: A review of family science with implications for management research. Academy of Management Annals, 11(1), 309–341.CrossRef

Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 3(4), 305–360.CrossRef

Kahneman, D., & Tversky, A. (1979). Prospect theory: An analayis of decision under risk. Econometrica, 47, 263–291.CrossRef

Kellermanns, F. W., & Eddleston, K. A. (2004). Feuding families: When conflict does a family firm good. Entrepreneurship Theory and Practice, 28(3), 209–228.CrossRef

Le Breton-Miller, I., & Miller, D. (2006). Why do some family businesses out-compete? Governance, long-term orientations, and sustainable capability. Entrepreneurship Theory and Practice, 30 (6), 731–746. CrossRef

Le Breton-Miller, I., & Miller, D. (2009). Agency vs. stewardship in public family firms: A social embeddedness reconciliation. Entrepreneurship Theory and Practice, 33 (6), 1169–1191. CrossRef

Leana, C. R., & Van Buren, H. J. (1999). Organizational social capital and employment practices. Academy of Management Review, 24(3), 538–555.CrossRef

Leaptrott, J. (2005). An institutional theory view of the family business. Family Business Review, 18(3), 215–228.CrossRef

Madison, K., Holt, D., Kellermanns, F. W., & Ranft, A. L. (2016). Viewing family firm behavior and governance through the lens of agency and stewardship theories. Family Business Review, 29(1), 65–93.CrossRef

McGrath, R. G. (2001). Exploratory learning, innovative capacity, and managerial oversight. Academy of Management Journal, 44(1), 118–131.CrossRef

Melin, L., & Nordqvist, M. (2007). The reflexive dynamics of institutionalization: The case of the family business. Strategic Organization, 5(3), 321–333.CrossRef

Memili, E., Chrisman, J. J., Chua, J. H., Chang, E. P. C., & Kellermanns, F. W. (2011). The determinants of family firms’ subcontracting: A transaction cost perspective. Journal of Family Business Strategies, 2(1), 26–33.CrossRef

Miller, D., & Le Breton-Miller, I. (2006). Family governance and firm performance: Agency, stewardship, and capabilities. Family Business Review, 19 (1), 73–87. CrossRef

Miller, D., Le Breton-Miller, I., & Lester, R. H. (2011). Family and lone founder ownership and strategic behaviour: Social context, identity, and institutional logics. Journal of Management Studies, 48 (1), 1–25. CrossRef

Miller, D., Le Breton-Miller, I., & Lester, R. H. (2013). Family firm governance, strategic conformity, and performance: Institutional vs. strategic perspectives. Organization Science, 24 (1), 189–209. CrossRef

Mitchell, R. K., Agle, B. R., Chrisman, J. J., & Spence, L. J. (2011). Toward a theory of stakeholder salience in family firms. Business Ethics Quarterly, 21(2), 235–255.CrossRef

Nahapiet, J., & Ghoshal, S. (1998). Social capital, intellectual capital, and the organizational advantage. Academy of Management Review, 23(2), 242–266.CrossRef

Pearson, A. W., Carr, J. C., & Shaw, J. C. (2008). Toward a theory of familiness: A social capital perspective. Entrepreneurship Theory and Practice, 32 (6), 949–969. CrossRef

Salvato, C., Chirico, F., & Sharma, P. (2010). A farewell to the business: Championing exit and continuity in entrepreneurial family firms. Entrepreneurship and Regional Development, 22 (3–4), 321–348. CrossRef

Santiago, A. L. (2000). Succession experiences in Philippine family businesses. Family Business Review, 13(1), 15–35.CrossRef

Schulze, W. S., Lubatkin, M. H., Dino, R. N., & Buchholtz, A. K. (2001). Agency relationships in family firms: Theory and evidence. Organization Science, 12(2), 99–116.CrossRef

Sirmon, D. G., & Hitt, M. A. (2003). Managing resources: Linking unique resources, management, and wealth creation in family firms. Entrepreneurship Theory and Practice, 27(4), 339–358.CrossRef

Vandekerkhof, P., Steijvers, T., Hendriks, W., & Voordeckers, W. (2015). The effect of organizational characteristics on the appointment of nonfamily managers in private family firms: The moderating role of socioemotional wealth. Family Business Review, 28(2), 104–122.CrossRef

Verbeke, A., & Kano, L. (2012). The transaction cost economics theory of the family firm: Family-based human asset specificity and the bifurcation bias. Entrepreneurship Theory and Practice, 36(6), 1183–1205.CrossRef

Villalonga, B., Amit, R., Trujillo, M. A., & Guzmán, A. (2015). Governance of family firms. Annual Review of Financial Economics, 7, 635–654.CrossRef

Westhead, P., & Howorth, C. (2006). Ownership and management issues associated with family firm performance and company objectives. Family Business Review, 19 (4), 301–316. CrossRef

Wiseman, R. M., & Gomez-Mejia, L. R. (1998). A behavioral agency model of managerial risk taking. Academy of Management Review, 23(1), 133–153.CrossRef

Zahra, S. A., Hayton, J. C., Neubaum, D. O., Dibrell, C., & Craig, J. (2008). Culture of family commitment and strategic flexibility: The moderating effect of stewardship. Entrepreneurship Theory and Practice, 32 (6), 1035–1054. CrossRef

Zellweger, T., & Kammerlander, N. (2015). Family, wealth, and governance: An agency account. Entrepreneurship Theory and Practice, 39(6), 1281–1303.CrossRef

Zellweger, T. M., Kellermanns, F. W., Chrisman, J. J., & Chua, J. H. (2012). Family control and family firm valuation by family CEOs: The importance of intentions for transgenerational control. Organization Science, 23 (3), 851–868. CrossRef

Zukin, S., & DiMaggio, P. (Eds.). (1990). Structures of capital: The social organization of the economy. Cambridge, UK: Cambridge University Press.

Titel: The Most Influential Family Business Articles from 2006 to 2013 Using Five Theoretical Perspectives
verfasst von: Dustin L. Odom
Erick P. C. Chang
James J. Chrisman
Pramodita Sharma
Lloyd Steier
Verlag: Springer International Publishing
Buch: The Palgrave Handbook of Heterogeneity among Family Firms
Print ISBN: 978-3-319-77675-0

Electronic ISBN: 978-3-319-77676-7

Copyright-Jahr: 2019
DOI: https://doi.org/10.1007/978-3-319-77676-7_3

Springer Professional

Abstract

Bitte loggen Sie sich ein, um Zugang zu Ihrer Lizenz zu erhalten.

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Springer Professional "Wirtschaft"

Premium Partner