Innovativeness in family firms: A family influence perspective

Small Business Economics

Volumn 38, Issue 1, 2012, Pages 85-101

  Kellermanns, Franz W ^a,b   Eddleston, Kimberly A ^c   Sarathy, Ravi ^c   Murphy, Fran ^d  

^a MISSISSIPPI STATE UNIVERSITY   (United States)

^b WHU OTTO BEISHEIM SCHOOL OF MANAGEMENT   (Germany)

^c NORTHEASTERN UNIVERSITY   (United States)

^d UNIVERSITY OF MISSISSIPPI   (United States)

Author keywords

Family firm performance; Family firms; Family influence; Innovation

Indexed keywords

EID: 84155185305     PISSN: 0921898X     EISSN: 15730913     Source Type: Journal    
DOI: 10.1007/s11187-010-9268-5     Document Type: Article

References (115)

1. Aiken, L. S., & West, S. G. (1991). Multiple regression: Testing an interpreting interactions. Sage: Newbury Park.
2. Aldrich, H. E., & Cliff, J. E. (2003). The pervasive effects of family on entrepreneurship: Toward a family embeddedness perspective. Journal of Business Venturing, 18, 573-596.
3. Allio, M. (2004). Family businesses: Their virtues, vices and strategic path. Strategy and Leadership, 32, 24-34.
4. Anderson, R., & Reeb, D. (2003). Founding-family ownership and firm performance: Evidence from S&P 500. Journal of Finance, 58(3), 1301-1327.
5. 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, 72-95.
6. Astrachan, J., & Jaskiewicz, P. (2008). Emotional returns and emotional costs in privately-held family businesses: Advancing traditional business valuation. Family Business Review, 21(2), 139-150.
7. Astrachan, J. H., Klein, S. B., & Smyrnios, K. X. (2002). The F-Pec scale of family influence: A proposal for solving the family business definition problem. Family Business Review, 15(1), 45-58.
8. Beckhard, R., & Dyer, W. G., Jr. (1983). SMR Forum: Managing change in the family firm-issues and strategies. Sloan Management Review, 24, 59-65.
9. Brockhaus, R. H. (1980). Risk taking propensity of entrepreneurs. Academy of Management Journal, 23(3), 509-520.
10. Brown, S. L., & Eisenhardt, K. M. (1997). The art of continuous change: Linking complexity theory and time-paced evolution in relentlessly shifting organizations. Administrative Science Quarterly, 42(1), 1-24.
11. Brush, C. G., & Vanderwerf, P. A. (1992). A comparison of methods and sources for obtaining estimates of new venture performance. Journal of Business Venturing, 7, 157-170.
12. Cabrera-Suarez, K., Saa-Perez, P. D., & Almeida, D. G. (2001). The succession process from a resource- and knowledge-based view of the family firm. Family Business Review, 14(1), 37-47.
13. Cameron, K. (1978). Measuring organizational effectiveness in institutions of higher education. Administrative Science Quarterly, 23(4), 604-632.
14. Carlock, R. S., & Ward, J. L. (2001). Strategic planning for the family business: Parallel planning to unify the family and business. New York: Palgrave Macmillan.
15. Carney, M. (2005). Corporate governance and competitive advantage in family-controlled firms. Entrepreneurship Theory and Practice, 29(3), 249-266.
16. Chang, E. P. C., Chrisman, J. J., Chua, J. H., & Kellermanns, F. W. (2008). Regional economy as a determinant of the prevalence of family firms in the United States: A preliminary report. Entrepreneurship Theory and Practice, 32, 559-573.
17. Chrisman, J. J., Gatewood, E., & Donlevy, L. B. (2002). A note on the efficiency and effectiveness of outsider assistance programs in rural versus non-rural states. Entrepreneurship Theory and Practice, 26(3), 67-80.
18. Chrisman, J. J., Chua, J. H., & Litz, R. (2004). Comparing the agency costs of family and non-family firms: Conceptual issues and exploratory evidence. Entrepreneurship Theory and Practice, 28(4), 335-354.
19. Chrisman, J. J., McMullan, E., & Hall, J. (2005). The influence of guided preparation on the long-term performance of new ventures. Journal of Business Venturing, 20, 769-791.
20. Chrisman, J. J., Chua, J. H., Chang, E. P., & Kellermanns, F. W. (2007). Are family managers agents or stewards? An exploratory study in privately-held family firms. Journal of Business Research, 60, 1030-1038.
21. Chua, J. H., Chrisman, J. J., & Sharma, P. (1999). Defining the family business by behavior. Entrepreneurship Theory and Practice, 23(4), 19-39.
22. Chua, J. H., Chrisman, J. J., & Steier, L. P. (2003). Extending the theoretical horizons of family business research. Entrepreneurship Theory and Practice, 27(4), 331-338.
23. Cliff, J. E., & Jennings, P. D. (2005). Commentary on the multidimensional degree of family influence construct and the F-PEC measurement instrument. Entrepreneurship Theory and Practice, 39(3), 341-347.
24. Coff, R. W. (1999). When competitive advantage doesn't lead to performance: The resource based view and stakeholder bargaining power. Organization Science, 10(2), 119-133.
25. Cohen, J. (1988). Statistical power analysis for behavioral sciences (2nd ed.). Hillsdale, NJ: Lawrence Erlbaum Associates.
26. Cohen, J., Cohen, P., West, S., & Aiken, L. (2003). Applied multiple regression/correlation analysis for the behavioral sciences (3rd ed.). Mahwah, NJ: Lawrence Erlbaum, Publishers.
27. Corbett, A. C., & Hmieleski, K. M. (2007). The conflicting cognitions of corporate entrepreneurs. Entrepreneurship Theory and Practice, 31(1), 103-121.
28. 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.
29. Covin, J. G., & Slevin, D. P. (1989). Strategic management of small firms in hostile and benign environments. Strategic Management Journal, 10(1), 35-37.
30. Cucculellil, M., & Micucci, G. (2008). Family succession and firm performance: Evidence from Italian family firms. Journal of Corporate Finance, 13, 17-31.
31. Daily, C., & Thompson, S. (1994). Ownership structure, strategic posture, and firm growth: An empirical examination. Family Business Review, 7(3), 237-249.
32. Davis, P. S., & Harveston, P. D. (1999). In the founder's shadow: Conflict in the family firm. Family Business Review, 12(4), 311-323.
33. Dess, G. G., & Robinson, R. B. (1984). Industry effects and strategic management research. Journal of Management, 16(7), 7-27.
34. Doty, D. H., & Glick, W. H. (1998). Common methods bias: Does common methods variance really bias results? Organizational Research Methods, 1, 374-406.
35. Dyer, W. G. (2006). Examining the "family effect" on firm performance. Family Business Review, 19(4), 253-273.
36. Eddleston, K., & Kellermanns, F. W. (2007). Destructive and productive family relationships: A stewardship theory perspective. Journal of Business Venturing, 22(4), 545-565.
37. Eddleston, K., Kellermanns, F. W., & Sarathy, R. (2008a). Resource configuration in family firms: Linking resources, strategic planning and environmental dynamism to performance. Journal of Management Studies, 45(1), 26-50.
38. Eddleston, K., Otondo, R., & Kellermanns, F. W. (2008b). Conflict, participative decision making, and multi-generational ownership: A multi-level analysis. Journal of Small Business Management, 46(3), 456-484.
39. Eisenhardt, K., & Schoonhoven, C. (1990). Organizational growth: Linking founding team, strategy, environment, growth among U. S. semiconductor ventures, 1978-1988. Administrative Science Quarterly, 33, 284-304.
40. Evans, M. G. (1985). A Monte Carlo study of the effects of correlated method variance in moderated multiple regression analysis. Organizational Behavior and Human Decision Processes, 36, 305-323.
41. Ford, L. R., & Seers, A. (2006). Relational leadership and team climates: Pitting differentiation versus agreement. The Leadership Quarterly, 17, 258-270.
42. Francis, D. H., & Sandberg, W. R. (2000). Friendship within entrepreneurial teams and its association with team and venture performance. Entrepreneurship Theory and Practice, 25(2), 5-25.
43. Gersick, K. E., Davis, J. A., Hampton, M. M., & Lansberg, I. (1997). Generation to generation: Life cycles of the family business. Boston, MA: Harvard Business School Press.
44. Gómez-Mejia, L. R., Hynes, K. T., Nunez-Nickel, M., & Moyano-Fuentes, H. (2007). Socioemotional wealth and business risk in family-controlled firms: Evidence from Spanish olive oil mills. Administrative Science Quarterly, 52, 106-137.
45. Habbershon, T. G., & Williams, M. (1999). A resource-based framework for assessing the strategic advantage of family firms. Family Business Review, 12, 1-25.
46. Habbershon, T. G., Williams, M., & MacMillan, I. C. (2003). A unified systems perspective of family firm performance. Journal of Business Venturing, 18, 451-465.
47. Hair, J. F., Anderson, R. E., Tatham, R. L., & Black, W. C. (1998). Multivariate data analysis (5th ed.). Upper Saddle River, NJ: Pearson Education.
48. Hannan, M. T., & Freeman, J. (1984). Structural inertia and organizational change. American Sociological Review, 49, 149-164.
49. Harvey, M., & Evans, R. E. (1994). Family business and multiple levels of conflict. Family Business Review, 7(4), 331-348.
50. Hayton, J. C., & Kelley, D. J. (2006). A competency-based framework for promoting corporate entrepreneurship. Human Resource Management, 45(3), 407-427.
51. Heck, R. (2004). A commentary on "entrepreneurship in family vs. non-family firms": A resource-based analysis of the effect of organizational culture. Entrepreneurship Theory and Practice, 28(4), 383-389.
52. Hoegl, M., & Gemuenden, H. G. (2001). Teamwork quality and the success of innovative projects: A theoretical concept and empirical evidence. Organization Science, 12(4), 435-449.
53. Hoegl, M., Weinkauf, K., & Gemuenden, H. G. (2004). Interteam coordination, project commitment, and team work in multi-team R&D projects: A longitudinal study. Organization Science, 15(1), 38-55.
54. Hoy, F. (2006). The complicating factor of life cycles in corporate venturing. Entrepreneurship Theory and Practice, 30(6), 831-836.
55. James, L. R., Demaree, R. G., & Wolf, G. (1984). Estimating within-group interrater reliability with and without response bias. Journal of Applied Psychology, 69, 85-98.
56. James, L. R., Demaree, R. G., & Wolf, G. (1993). rwg: An assessment of within-group inter-rater agreement. Journal of Applied Psychology, 78, 306-339.
57. Kanuk, L., & Berenson, C. (1975). Mail surveys and response rate: A literature review. Journal of Marketing Research, 22, 440-453.
58. Kellermanns, F. W., & Eddleston, K. (2004). Feuding families: When conflict does a family firm good. Entrepreneurship Theory and Practice, 28(3), 209-228.
59. Kellermanns, F. W., & Eddleston, K. (2006). Corporate venturing in family firms: Does the family matter? Entrepreneurship Theory and Practice, 30(6), 809-830.
60. Kets de Vries, M. F. R. (1993). The dynamics of family controlled firms: The good and the bad news. Organizational Dynamics, 21(3), 59-71.
61. Klein, A. S., Masi, R. J., & Weidner, C. K., I. I. (1995). Organization culture, distribution and amount of control, and perceptions of quality. Group and Organization Management, 20(2), 122-148.
62. Klein, S. B., Astrachan, J. H., & Smyrnios, K. X. (2005). The F-PEC scale of family influence: Construct validation, and further implication for theory. Entrepreneurship Theory and Practice, 29(3), 321-339.
63. Kumar, N., Stern, L. W., & Anderson, J. C. (1993). Conducting interorganizational research using key in-formants. Academy of Management Journal, 36(6), 1633-1651.
64. La Porta, R., Lopez-de Silanes, F., Shleifer, A., & Vishny, R. (1997). Trust in large organizations. American Economic Review, 87, 333-339.
65. Lansberg, I. S. (1988). The succession conspiracy: Resistance to succession planning in first generation family firms. Family Business Review, 1(2), 119-143.
66. Le Breton-Miller, I., & Miller, D. (2006). Why do some family businesses out-compete? Governance, long-term orientation, and sustainable capability. Entrepreneurship Theory and Practice, 30, 731-746.
67. Levinson, H. (1971). Conflicts that plague family businesses. Harvard Business Review, 49, 90-98.
68. Levinson, R. E. (1987). Problems in managing a family-owned business. In C. E. Aronoff & J. L. Ward (Eds.), Family business sourcebook (pp. 169-174). Detroit: Omnigraphics, Inc.
69. Love, L. G., Priem, R. L., & Lumpkin, G. T. (2002). Explicitly articulated strategy and firm performance under alternative levels of centralization. Journal of Management, 28(5), 611-627.
70. Lumpkin, G. T., & Dess, G. G. (1996). Clarifying the entrepreneurial orientation construct and linking it to performance. Academy of Management Review, 21(1), 135-172.
71. Lumpkin, G. T., & Dess, G. G. (2001). Linking two dimensions of entrepreneurial orientation to firm performance: The moderating role of environment and industry life cycle. Journal of Business Venturing, 16, 429-451.
72. March, J. G., & Shapira, Z. (1987). Managerial perspectives on risk and risk taking. Management Science, 33(11), 1404-1418.
73. Maury, B. (2006). Family ownership and firm performance: Empirical evidence from Western European corporations. Journal of Corporate Finance, 12, 321-341.
74. Mazen, A. M. M., Hemmasi, M., & Lewis, M. F. (1987). Assessment of strategic power in contemporary strategy research. Strategic Management Journal, 8, 403-410.
75. Miller, D. (1983). The correlates of entrepreneurship in three types of firms. Management Science, 29(7), 770-791.
76. Miller, D., & Le Breton-Miller, I. (2005). Managing for the long run: Lessons in competitive advantage from great family businesses. Boston, MA: Harvard Business School Press.
77. Miller, D., Breton-Miller, I. L., Lester, R. H., & Cannella, A. A. (2007). Are family firms really superior performers? Journal of Corporate Finance, 13, 829-858.
78. Mintzberg, H. (1994). The rise and fall of strategic planning. New York: Free.
79. Mitchell, J. R., Hart, T. A., Valcea, S., & Townsend, D. M. (2009). Becoming the boss: Discretion and post-succession success in family firms. Entrepreneurship Theory and Practice, 33(6), 1201-1218.
80. Morck, R., & Yeung, B. (2003). Agency problems in large business groups. Entrepreneurship Theory and Practice, 27(4), 367-382.
81. Morris, M. H. (1998). Entrepreneurial intensity. Westport, CT: Quorum Books.
82. Naldi, L., Nordqvist, M., Sjoberg, K., & Wiklund, J. (2007). Entrepreneurial orientation, risk taking, and performance in family firms. Family Business Review, 20(1), 33-47.
83. Nicholson, G. J., & Kiel, G. C. (2007). Can directors impact performance? A case-based test of three theories of corporate governance. Corporate Governance, 15(4), 585-608.
84. Oppenheim, A. N. (1966). Questionnaire design and attitude measurement. New York: Free.
85. Pérez-González, F. (2006). Inherited control and firm performance. American Economic Review, 96, 1550-1588.
86. Podsakoff, P. M., & Organ, D. W. (1986). Self-reports in organizational research: Problems and perspectives. Journal of Management, 12, 531-544.
87. Poza, E. J. (1988). Managerial practices that support interpreneurship and continued growth. Family Business Review, 1, 339-359.
88. Poza, E. J. (1989). Smart growth: Critical choices for business continuity and prosperity. San Francisco: Jossey-Bass.
89. Rauch, A., Wiklund, J., Lumpkin, G. T., & Frese, M. (2009). Entrepreneurial orientation and business performance: An assessment of past research and suggestions for the future. Entrepreneurship Theory and Practice, 33(3), 761-787.
90. Rutherford, M. W., Kuratko, D. F., & Holt, D. T. (2008). Examining the link between "Familiness" and performance: Can the F-Pec untangle the family business theory jungle? Entrepreneurship Theory and Practice, 32(6), 1089-1110.
91. Salvato, C. (2004). Predictors of entrepreneurship in family firms. Journal of Private Equity, 7(3), 68-76.
92. 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.
93. Schulze, W. S., Lubatkin, M. H., & Dino, R. N. (2003a). Exploring the agency consequences of ownership dispersion among inside directors at family firms. Academy of Management Journal, 46(2), 179-194.
94. Schulze, W. S., Lubatkin, M. H., & Dino, R. N. (2003b). Toward a theory of agency and altruism in family firms. Journal of Business Venturing, 18(4), 473-490.
95. Schumpeter, J. A. (1934). The theory of economic development. Cambridge, MA: Harvard University Press.
96. Seers, A. (1989). Team-member exchange quality: A new construct for role-making research. OBHDP, 43, 118-135.
97. Seers, A., Petty, M. M., & Cashman, J. F. (1995). Team-member exchange under team and traditional management. Group and Organizational Management, 20(1), 18-38.
98. Seidler, J. (1974). On using key informants: A technique for collecting quantitative data and controlling measurement error in organization analysis. American Sociological Review, 39(December), 816-831.
99. Seymour, K. C. (1993). Intergenerational relationships in family firms: The effect of leadership on succession. Family Business Review, 6(3), 263-281.
100. Shanker, M. C., & Astrachan, J. H. (1996). Myths and realities: Family businesses contribution to the US economy-a framework for assessing family business statistics. Family Business Review, 9, 107-123.
101. Sharma, P., Chrisman, J. J., & Chua, J. H. (2003). Predictors of satisfaction with the succession process in family firms. Journal of Business Venturing, 18, 667-687.
102. Simons, T. L., & Peterson, R. S. (2000). Task conflict and relationship conflict in top management teams: The pivotal role of intragroup trust. Journal of Applied Psychology, 85(1), 102-111.
103. Sirmon, D. G., Arregle, J.-L., Hitt, M. A., & Webb, J. W. (2008). The role of family influence in firms' strategic responses to threat of imitation. Entrepreneurship Theory and Practice, 32(6), 979-998.
104. Spector, P. E., & Brannick, M. T. (1995). The nature and effects of method variance in organizational research. In C. L. Cooper & I. T. Robertson (Eds.), International review of industrial and organizational psychology (pp. 249-274). West Sussex, England: Wiley.
105. Stavrou, E. T. (1999). Succession in family businesses: Exploring the effects of demographic factors on offspring intentions to join and take over the business. Journal of Small Business Management, 37(3), 43-61.
106. Steier, L. (2003). Variants of agency contracts in family financed ventures as a continuum of familial altruistic and market rationalities. Journal of Business Venturing, 18, 597-618.
107. Stichcombe, A. L. (1965). Social structure and organizations. In J. G. March (Ed.), Handbook of organizations (pp. 142-193). Chicago: Rand McNally.
108. Uhlaner, L. M. (2005). The use of the Guttman scale in development of a family orientation index for small-to-medium-sized firms. Family Business Review, 18(1), 41-56.
109. Upton, N., Teal, E. J., & Felan, J. T. (2001). Strategic and business planning practices of fast growth family firms. Journal of Small Business Management, 39(1), 60-72.
110. Vago, M. (2004). Integrating change management: Challenges for family business clients and consultants. Family Business Review, 17(1), 71-80.
111. Venkatraman, N., & Ramanujam, V. (1987). Measurement of business performance in strategy research: A comparison of approaches. Academy of Management Review, 11(4), 801-814.
112. Villalonga, B., & Amit, R. (2006). How do family ownership, control and management affect firm value? Journal of Financial Economics, 80, 385-417.
113. Ward, J. L. (1997). Growing the family business: Special challenges and best practices. Family Business Review, 10, 323-337.
114. Zahra, S. A. (2005). Entrepreneurial risk taking in family firms. Family Business Review, 18(1), 23-40.
115. Zahra, S. A., Hayton, J. C., & Salvato, C. (2004). Entrepreneurship in family vs. non-family firms: A resource-based analysis of the effect of organizational culture. Entrepreneurship Theory and Practice, 28(4), 363-381.