The Palgrave Handbook of Heterogeneity among Family Firms PDF
Preview The Palgrave Handbook of Heterogeneity among Family Firms
THE PALGRAVE HANDBOOK OF HETEROGENEITY AMONG FAMILY FIRMS Edited by Esra Memili and Clay Dibrell The Palgrave Handbook of Heterogeneity among Family Firms Esra Memili • Clay Dibrell Editors The Palgrave Handbook of Heterogeneity among Family Firms Editors Esra Memili Clay Dibrell Bryan School of Business and Economics School of Business Administration University of North Carolina- Greensboro The University of Mississippi Greensboro, NC, USA University, MS, USA ISBN 978-3-319-77675-0 ISBN 978-3-319-77676-7 (eBook) https://doi.org/10.1007/978-3-319-77676-7 Library of Congress Control Number: 2018952061 © The Editor(s) (if applicable) and The Author(s) 2019 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Cover credit: GettyImages/Aviator70 This Palgrave Macmillan imprint is published by the registered company Springer Nature Switzerland AG The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland This book is dedicated to our families and their sacrifices, which have made our careers and this book possible. Acknowledgments We would like to acknowledge and to thank the great many authors who participated in the creation of this book. Without their insights and time, this book would not have moved forward. Further, we would like to thank those who we have discussed family business heterogeneity with over the years through journal reviews, presentations, conference sessions, or over a coffee or two. Without the forethought of the scholars who preceded us and developed the family business domain, this book would not be possible. Likewise, we would like to acknowledge the contributions of younger scholars who con- tinue to enhance the quality and rigour of the family enterprise research to where we can now consider research questions which have evolved beyond the unique form of a family business, so we can now study patterns within the context of family businesses, as all are not the same. In closing, we wish to acknowledge the assistance and support from Marcus Ballenger and his staff at Palgrave Macmillan who allowed us the latitude to be creative, while working diligently to see the book through from an idea to publication. vii Contents 1 A Brief History and a Look to the Future of Family Business Heterogeneity: An Introduction 1 Clay Dibrell and Esra Memili Part I Family Business Research to Date 17 2 Origins of Family Business Research 19 Luis Jimenez-Castillo and Frank Hoy 3 The Most Influential Family Business Articles from 2006 to 2013 Using Five Theoretical Perspectives 41 Dustin L. Odom, Erick P. C. Chang, James J. Chrisman, Pramodita Sharma, and Lloyd Steier 4 Empirical Modeling in Testing for Family Firm Heterogeneity 69 Hanqing “Chevy” Fang, Franz W. Kellermanns, and Kimberly A. Eddleston Part II Family Governance 87 5 Family Firm Identities and Firm Outcomes: A Corporate Governance Bundles Perspective 89 Yuliya Ponomareva, Mattias Nordqvist, and Timurs Umans ix x Contents 6 C orporate Governance in Family Businesses Across Generations: Exploring Intergenerational Issues 115 Alexandra Dawson and Maria José Parada 7 A Literature Review of Family Firm Boards: An Input- Mediator- Output-Input Perspective 141 Chelsea Sherlock and David Marshall 8 B oards of Advisors in Family Small- and Medium-Sized Enterprises 181 Judith Van Helvert-Beugels, Anita Van Gils, and Jolien Huybrechts 9 W omen on Boards in Family Firms: What We Know and What We Need to Know 201 Cristina Bettinelli, Barbara Del Bosco, and Chiara Giachino 10 New Directions for Brothers and Sisters in Successor Teams in Family Firms 229 John James Cater III and Marilyn Young 11 I ntroducing the Enterpriseness of Business Families: A Research Agenda 263 Hermann Frank, Julia Suess-Reyes, Elena Fuetsch, and Alexander Kessler 12 C orporate Governance Codes: How to Deal with the Bright and Dark Sides of Family Influence 297 Stefan Prigge and Felix K. Thiele 13 Defining Family Business: A Closer Look at Definitional Heterogeneity 333 Vanessa Diaz-Moriana, Teresa Hogan, Eric Clinton, and Martina Brophy Part III N on-financial and Financial Dynamics 375 14 P rivate Family Business Goals: A Concise Review, Goal Relationships, and Goal Formation Processes 377 Ralph I. Williams Jr., Torsten M. Pieper, and Joseph H. Astrachan Conten ts xi 15 The Distribution of Family Firm Performance Heterogeneity: Understanding Power Law Distributions 407 Emma Su, Daniel T. Holt, and Jeffrey M. Pollack 16 R isk Behavior of Family Firms: A Literature Review, Framework, and Research Agenda 431 Markus Kempers, Max P. Leitterstorf, and Nadine Kammerlander 17 Capturing the Heterogeneity of Family Firms: Reviewing Scales to Directly Measure Socioemotional Wealth 461 Reinhard Prügl 18 Do We Really Want to Cut Out the Deadwood? Family- Centered Noneconomic Goals, Restructuring Aversion, and Escalation of Commitment 485 Claudia Pongelli, Salvatore Sciascia, and Tommaso Minola 19 F amily Values: Influencers in the Development of Financial and Non-fi nancial Dynamics in Family Firms 507 Claire Seaman, Richard Bent, and Mauricio Silva 20 The Strategic Use of Historical Narratives in the Family Business 531 Rania Labaki, Fabian Bernhard, and Ludovic Cailluet Part IV Organizational Behavior and Human Resources Management 555 21 A ll the Same but Different: Understanding Family Enterprise Heterogeneity 557 Ken Moores, Denise Linda Parris, Scott L. Newbert, and Justin B. Craig 22 Justice in the Family Firm: An Integrative Review and Future Research Agenda 589 Laura E. Marler, Tim Barnett, and James M. Vardaman 23 The Heterogeneity of Family Firm Ethical Cultures: Current Insights and Future Directions 615 William Tabor, Kristen Madison, Joshua J. Daspit, and Daniel T. Holt xii Contents 24 The Diversity of Deviance: How It Can Hurt (and Help) Families and Family Firms 643 Roland E. Kidwell, Kevin C. Cox, and Kathryn E. Kloepfer 25 The Dynamics of Identity, Identity Work and Identity Formation in the Family Business: Insights from Identity Process Theory and Transformative Learning 673 Richard T. Harrison and Claire M. Leitch 26 The Socio-psychological Challenges of Succession in Family Firms: The Implications of Collective Psychological Ownership 715 Noora Heino, Pasi Tuominen, Terhi Tuominen, and Iiro Jussila 27 Family Firm Types Based on the Level of Professionalism of the Top Management Team 747 Giorgia M. D’Allura and Mariasole Bannò Part V Strategies 771 28 Environmental Jolts, Family-Centered Non-economic Goals, and Innovation: A Framework of Family Firm Resilience 773 Giovanna Campopiano, Alfredo De Massis, and Josip Kotlar 29 How Do Owning Families Ensure the Creation of Value Across Generations? A “Dual Balance” Approach 791 Horacio Arredondo and Cristina Cruz 30 Family Firm Density and Likelihood of Failure: An Ecological Perspective 821 Marta Caccamo, Daniel Pittino, and Francesco Chirico 31 Understanding Family Firms’ Entry Mode Choices When Going to China and India: An International Opportunity Identification-Based Approach 847 Ann Sophie K. Löhde and Andrea Calabrò 32 Conceptualizing and Investigating Entrepreneurial Action in Family Firms: A Few Promising Directions 873 Sanjay Goel, Raymond J. Jones III, and Ranjan Karri
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