Family Business Review最新文献

{"title":"Toward a Family Science Perspective on Executive Compensation in Family Firms: A Review and Research Agenda","authors":"Anneleen Michiels, Isabel C. Botero, Roland E. Kidwell","doi":"10.1177/08944865211064410","DOIUrl":"https://doi.org/10.1177/08944865211064410","url":null,"abstract":"In family firms, the family often plays a central role in the strategic decisions of the business. However, until recently, research has primarily focused on exploring the role that business factors play in firm decision-making, with less attention given to the role of the family system. This article reviews the research on executive compensation in family firms to understand whether and how the family system has been considered within this work. Guided by the application of family science theories, we provide a framework to explain why it is important to incorporate the family system in the future study of executive compensation in family firms. We conclude by discussing a research agenda outlining how elements of the family system can be integrated into future executive compensation research to inspire scholars to think differently about this important research topic.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"35 1","pages":"45 - 67"},"PeriodicalIF":8.8,"publicationDate":"2021-12-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47875774","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Willing and Able? The Screening and Adoption of Habitual Family Venture Opportunities","authors":"James M. Vardaman, Erik T. Markin, Christopher R. Penney, Laura E. Marler, D. Mckee","doi":"10.1177/08944865211059467","DOIUrl":"https://doi.org/10.1177/08944865211059467","url":null,"abstract":"This article develops a two-part theoretical framework synthesizing the socioemotional wealth (SEW) perspective with image theory to explain the ways in which family decision makers screen and potentially adopt habitual new venture opportunities. The model theorizes that opportunities are initially screened according to their ability to preserve SEW and fit with the family’s value images and subsequently explains how SEW willingness interacts with the family entrepreneur’s trajectory and strategic images to predict whether the venture will be pursued as a serial or portfolio opportunity. Theoretical implications and directions for future research are also discussed.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"35 1","pages":"126 - 139"},"PeriodicalIF":8.8,"publicationDate":"2021-12-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45658492","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The Effect of Ownership Structure on Disclosure Quality and Credit Ratings in Family Firms: The Moderating Role of Auditor Choice","authors":"Jengfang Chen, Ni-Yun Chen, Liyu He, C. Patel","doi":"10.1177/08944865211057854","DOIUrl":"https://doi.org/10.1177/08944865211057854","url":null,"abstract":"Despite the substantial degree of heterogeneity within family firms, little is known about how their heterogeneity affects firm behavior and the implication for the shareholder–debtholder agency problem. Our study contributes to the literature by examining whether family firms with a higher level of control-ownership divergence would disclose less information and whether Big 4 auditors play a moderating role in mitigating the negative impact of control-ownership divergence on disclosure quality resulting in improved credit ratings. Using data from the emerging economy of Taiwan, we provide support for our three hypotheses. Our contributions will interest family firm owners, researchers, auditors, and policymakers.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"35 1","pages":"140 - 158"},"PeriodicalIF":8.8,"publicationDate":"2021-12-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46227672","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Family Firms, Family Boundary Organizations, and the Family-Related Organizational Ecosystem","authors":"Alfredo De Massis, J. Kotlar, Luca Manelli","doi":"10.1177/08944865211052195","DOIUrl":"https://doi.org/10.1177/08944865211052195","url":null,"abstract":"While entrepreneurial families often expand their activity over multiple businesses and patrimonial assets, this complexity is rarely addressed in mainstream family business research, where the predominant focus is on the family business or, at best, on the family controlling the operational business. We advance a more holistic understanding of entrepreneurial families that contemplates the variety of assets they create or acquire over time that jointly generate financial and socioemotional wealth for the family, and call for attention to the variety of organizations that entrepreneurial families establish to preserve, manage, and/or administer such assets. We theorize that each of these organizations can be devised as a family boundary organization (FBO), which operates at the interface of the entrepreneurial family and other systems, and such FBOs form a family-related organizational ecosystem. We propose a new framework that extends the scope of research beyond the family business and focuses more directly on entrepreneurial families and on the boundaries between the entrepreneurial family, its multiple assets, and the FBOs in the family-related organizational ecosystem. This framework paves the ground to extend the three-circle model, broadening the scope of family business research to consider a wider range of organizations besides the family firm, such as family foundations, family business foundations, family offices, family holdings, family academies, and family museums. Drawing on the organizational boundaries literature, we integrate organizational boundaries in the theory of the family firm and propose a research agenda to examine the entrepreneurial family and its assets in a broader way.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"34 1","pages":"350 - 364"},"PeriodicalIF":8.8,"publicationDate":"2021-10-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41477118","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"“Over My Dead Body”: Wives’ Influence in Family Business Succession","authors":"B. Cosson, M. Gilding","doi":"10.1177/08944865211051148","DOIUrl":"https://doi.org/10.1177/08944865211051148","url":null,"abstract":"The family business literature barely addresses wives’ influence in family business succession. Where it does so, the result is often tokenistic, stereotypical, and imprecise. Drawing on 34 in-depth interviews, this article makes three contributions. First, it identifies wives’ critical influence in family business succession through socialization across the life span of the family business; specifically, through normative, interactive, and experiential socialization. Second, it demonstrates the diverse dynamics and impact of wives’ influence on family business continuity. Third, it highlights the particular significance of experiential socialization, whereby changing expectations of marriage and family life have amplified wives’ influence in succession outcomes.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"34 1","pages":"385 - 403"},"PeriodicalIF":8.8,"publicationDate":"2021-10-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42372726","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Out of the Comfort Zone! Family Leaders’ Subsidiary Ownership Choices and the Role of Vulnerabilities","authors":"Claudia Pongelli, A. Calabrò, Fabio Quarato, A. Minichilli, G. Corbetta","doi":"10.1177/08944865211050858","DOIUrl":"https://doi.org/10.1177/08944865211050858","url":null,"abstract":"Based on the socioemotional wealth approach and a sample of 3,904 subsidiary ownership choices made by 586 family firms, this study shows that family-managed firms (i.e., those family firms with a family member in a leadership position) prefer wholly owned subsidies over joint ventures when entering foreign markets. Family-managed firms are also more likely to revise their subsidiary ownership choices and form joint ventures when in vulnerability conditions, that is, when they experience performance below aspirations and when entering a culturally distant market.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"34 1","pages":"404 - 424"},"PeriodicalIF":8.8,"publicationDate":"2021-10-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44684266","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Endogeneity Issues in Family Business Research: Current Status and Future Recommendations","authors":"Xinrui Zhang, H. Fang, Junsheng Dou, James J. Chrisman","doi":"10.1177/08944865211049092","DOIUrl":"https://doi.org/10.1177/08944865211049092","url":null,"abstract":"Although the family business research field and related disciplines are paying increasing attention to improvements in methodology, there is still insufficient attention being paid to endogeneity issues. We therefore raise awareness of endogeneity and suggest ways to reduce biased results in family business studies. We review publications in the family business literature in terms of (1) the consideration of endogeneity issues, (2) sources of endogeneity for different research topics, and (3) various methods that researchers have used to control for endogeneity. We discuss important lessons learned from the review and offer methodologically oriented recommendations for future family business studies.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"35 1","pages":"91 - 116"},"PeriodicalIF":8.8,"publicationDate":"2021-10-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41552386","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"WANTED—Theoretical Contributions: An Editorial on the Pitfalls and Pathways in Family Business Research","authors":"Donald O. Neubaum, E. Micelotta","doi":"10.1177/08944865211032503","DOIUrl":"https://doi.org/10.1177/08944865211032503","url":null,"abstract":"Every management scholar is keenly aware of the need for contemporary research to make a theoretical contribution to the literature. As editors and reviewers, we wear the hat of “gatekeepers of the quality of the journal” (Chrisman et al., 2017, p. 214) and our assessment of the theoretical contributions of the manuscripts we appraise significantly color our editorial recommendations and decisions. As authors, we recognize the magnitude of this threshold and invest (or should invest) considerable effort in developing, expressing, and highlighting the theoretical contribution(s) of our own work. Despite this effort, more than 90% of the manuscripts submitted to journals like Family Business Review (FBR) are rejected, and the majority of those ill-fated submissions suffer from unclear or underdeveloped theoretical contributions. Over our respective careers, we have read, reviewed, and written decision letters for hundreds of family businesses manuscripts. In every case, we have commented on the extent to which the manuscript makes a theoretical contribution, and we have recommended rejection, revision, or acceptance based, significantly, on our assessment of the accomplishment of this threshold. Even for those papers we have evaluated positively, we have often pushed authors to clarify, deepen, or extend their contributions to theory and/or to the literature in general. Clearly, the need to contribute theoretically is imperative, and each paper’s ultimate ability to make a theoretical contribution varies. While the potential contribution of each manuscript varies, we have noticed persistent patterns in the types of family business papers we have reviewed. In our reviews and decision letters, we often find ourselves expressing a common set of criticisms and concerns that plague many of the papers we evaluate. In essence, we find that many authors, and consequently many family business papers, are repeatedly falling into the same few “theoretical pitfalls.” Based on our collective experience, we have identified four categories that capture many of these potential pitfalls. While research from each of these (and other) categories may indeed present a strong theoretical contribution, we observe that the relative ability (and manner) of each category to contribute to the literature can vary significantly. Furthermore, we find that the types of theoretical pitfalls associated with each category are generally consistent. This is troubling as many submissions are being rejected (oftentimes without even being sent out for full review) for largely the same few overarching reasons. In this editorial, we provide some guidance to authors by explaining what it means to make a theoretical contribution. We then identify and discuss four categories of family business papers, each of which presents different avenues or likelihood of making a theoretical contribution. For each type, we highlight common shortcomings found in manuscripts and offer authors ideas to furt","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"34 1","pages":"242 - 250"},"PeriodicalIF":8.8,"publicationDate":"2021-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43029776","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Entry Timing as a Mixed Gamble in Cross-border Acquisition Waves: A study of Family Firms","authors":"Mohammad Fuad, Vinod Thakur, A. Sinha","doi":"10.1177/08944865211026175","DOIUrl":"https://doi.org/10.1177/08944865211026175","url":null,"abstract":"We draw upon the mixed gamble perspective to investigate the entry timing decisions made by family firms in the context of cross-border acquisition (CBA) waves. We argue that family-controlled firms trade-off short-term SEW and financial losses in favor of long-term SEW and financial gains, while moving early in CBA waves. Findings suggest that family-controlled firms have a higher preference for early movement compared with nonfamily-controlled firms. Further, we show that founder’s presence on the board and acquirer’s superior performance amplifies the mixed gamble trade-offs, thereby strengthening the relationship between family control and early movement within CBA waves.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"34 1","pages":"323 - 341"},"PeriodicalIF":8.8,"publicationDate":"2021-06-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/08944865211026175","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46958313","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The Psychological Foundations of Management in Family Firms: Emotions, Memories, and Experiences","authors":"R. Humphrey, A. Massis, P. Picone, Yi Tang, Ronald F. Piccolo","doi":"10.1177/08944865211012139","DOIUrl":"https://doi.org/10.1177/08944865211012139","url":null,"abstract":"Exploring the psychological foundations of management in family firms is necessary to understand why they formulate and implement strategies differently from nonfamily firms, and why and how family firm behavior varies across different family firms. Picone et al. (2021. The psychological foundations of management in family firms: Values, biases, and heuristics. Family Business Review, 34(1), 12-32) have proposed a conceptual framework for the psychological foundations of management in family business, examining how the values, biases, and heuristics of family firm members affect strategic decision-making and family firm outcomes. Drawing on this framework, we examine emotions, memories, and experiences in family firms, disentangling “what we know” from “what we should know”, and offering some relevant questions to advance the field.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"34 1","pages":"122 - 131"},"PeriodicalIF":8.8,"publicationDate":"2021-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/08944865211012139","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45938939","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}