The influence of family goals, governance, and resources on firm outcomes

Entrepreneurship: Theory and Practice

Volumn 37, Issue 6, 2013, Pages 1249-1261

  Chrisman, James J ^a   Sharma, Pramodita ^b   Steier, Lloyd P ^c   Chua, Jess H ^d  

^a MISSISSIPPI STATE UNIVERSITY   (United States)

^b BABSON COLLEGE   (United States)

^c UNIVERSITY OF ALBERTA   (Canada)

^d LANCASTER UNIVERSITY MANAGEMENT SCHOOL   (United Kingdom)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 84887172692     PISSN: 10422587     EISSN: 15406520     Source Type: Journal    
DOI: 10.1111/etap.12064     Document Type: Article

References (55)

1. Arregle, J., Hitt, M.A., Sirmon, D.G., & Very, P. (2007). The development of organizational social capital: Attributes of family firms. Journal of Management Studies, 44, 73-95.
2. Arregle, J., Naldi, L., Nordqvist, M., & Hitt, M. (2012). Internationalization of family-controlled firms: A study of the effects of external involvement in governance. Entrepreneurship Theory and Practice, 36, 1115-1143.
3. Brockner, J., Higgins, E.T., & Low, M.B. (2004). Regulatory focus theory and the entrepreneurial process. Journal of Business Venturing, 19, 203-220.
4. Carnes, C.M. & Ireland, R.D. (2013). Familiness and innovation: Resource bundling as the missing link. Entrepreneurship Theory and Practice, 37(6), 1399-1419.
5. Carney, M. (2005). Corporate governance and competitive advantage in family-controlled firms. Entrepreneurship Theory and Practice, 29, 249-265.
6. Carr, J.C., Cole, M.S., Ring, J.K., & Blettner, D.P. (2011). A measure of variations in internal social capital among family firms. Entrepreneurship Theory and Practice, 35, 1207-1227.
7. Casillas, J.C., Moreno, A.M., & Barbero, J.L. (2010). A configurational approach of the relationship between entrepreneurial orientation and growth of family firms. Family Business Review, 23, 27-44.
8. Chrisman, J.J., Chua, J.H., Pearson, A.W., & Barnett, T. (2012). Family involvement, family influence, and family-centered non-economic goals in small firms. Entrepreneurship Theory and Practice, 36, 267-293.
9. Chrisman, J.J., Chua, J.H., & Sharma, P. (2005). Trends and directions in the development of a strategic management theory of the family firm. Entrepreneurship Theory and Practice, 29, 555-576.
10. Chrisman, J.J. & Patel, P.C. (2012). Variations in R&D investments of family and non-family firms: Behavioral agency and myopic loss aversion perspectives. Academy of Management Journal, 55, 976-997.
11. Chua, J.H., Chrisman, J.J., & Sharma, P. (1999). Defining the family business by behavior. Entrepreneurship Theory and Practice, 23(4), 19-39.
12. 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, 1103-1113.
13. Colli, A. (2012). Contextualizing performances of family firms: The perspective of business history. Family Business Review, 25, 243-257.
14. Cyert, R.M. & March, J.G. (1963). A behavioral theory of the firm. Englewood Cliffs, NJ: Prentice-Hall.
15. Davis, J.A. (1982). The influence of life stage on father-son work relationship in family companies. Doctoral dissertation. Boston, MA: Harvard University.
16. DeTienne, D.R. & Chirico, F. (2013). Exit strategies in family firms: How socioemotional wealth drives the threshold of performance. Entrepreneurship Theory and Practice, 37(6), 1297-1318.
17. Drazin, R. & Van de Ven, A.H. (1985). Alternative forms of fit in contingency theory. Administrative Science Quarterly, 30, 514-539.
18. Gedajlovic, E. & Carney, M. (2010). Markets, hierarchies, and families: Toward a transaction cost theory of the family firm. Entrepreneurship Theory and Practice, 34, 1145-1172.
19. 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.
20. Gómez-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, 653-707.
21. Habbershon, T.G., Williams, M., & MacMillan, I.C. (2003). A unified systems perspective of family firm performance. Journal of Business Venturing, 18, 451-465.
22. Hofer, C.W. & Schendel, D. (1978). Strategy formulation: Analytical concepts. St. Paul, MN: West Publishing.
23. Holt, D. (2012). Strategic decisions within family firms: Understanding the controlling family's receptivity to internationalization. Entrepreneurship Theory and Practice, 36, 1145-1151.
24. James, A.E., Jennings, J.E., & Breitkreuz, R. (2012). Worlds apart? Re-bridging the distance between family science and family business research. Family Business Review, 25, 87-108.
25. Jaskiewicz, P. & Luchak, A.A. (2013). Explaining performance differences between family firms with family and non-family CEOs: It's the nature of the tie to the family that counts! Entrepreneurship Theory and Practice, 37(6), 1361-1367.
26. Klein, S.B., Astrachan, J.H., & Smyrnios, K.X. (2005). The F-PEC scale of family influence: Construction, validation, and further implication for theory. Entrepreneurship Theory and Practice, 29, 321-339.
27. König, A., Kammerlander, N., & Enders, A. (2013). The family innovator's dilemma: How family influence affects the adoption of discontinuous technologies by incumbent firms. Academy of Management Review, 38, 418-441.
28. Kotlar, J. & De Massis, A. (2013). Goal setting in family firms: Goal diversity, social interactions, and collective commitment to family-centered goals. Entrepreneurship Theory and Practice, 37(6), 1263-1288.
29. Le Breton-Miller, I. & Miller, D. (2013). Socioemotional wealth across the family firm life-cycle: A commentary on "Family business survival and the role of boards." Entrepreneurship Theory and Practice, 37(6), 1391-1397.
30. Le Breton-Miller, I., Miller, D., & Steier, L.P. (2004). Toward an integrative model of effective FOB succession. Entrepreneurship Theory and Practice, 28, 305-328.
31. Long, R.G. (2011). Commentary: Social exchange in building, modelling, and managing family social capital. Entrepreneurship Theory and Practice, 35, 1229-1234.
32. Lumpkin, G.T. & Brigham, K.H. (2011). Long-term orientation and intertemporal choice in family firms. Entrepreneurship Theory and Practice, 35, 1149-1169.
33. Memili, E., Welsh, D.H.B., & Luthans, F. (2013). Going beyond research on goal setting: A proposed role for organizational psychological capital of family firms. Entrepreneurship Theory and Practice, 37(6), 1289-1296.
34. Meyer, A.D., Tsui, A.S., & Hinings, C.R. (1993). Configurational approaches to organizational analysis. Academy of Management Journal, 36, 1175-1195.
35. Michiels, A., Voordeckers, W., Lybaert, N., & Steijvers, T. (2013). CEO compensation in private family firms: Pay-for-performance and the moderating role of ownership and management. Family Business Review, 26, 140-160.
36. Miller, D. (1996). Configurations revisited. Strategic Management Journal, 17, 505-512.
37. Miller, D. & Friesen, P.H. (1984). Organizations: A quantum view. Englewood Cliffs, NJ: Prentice-Hall.
38. 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.
39. Naldi, L., Cennamo, C., Corbetta, G., & Gómez-Mejia, L. (2013). Preserving socioemotional wealth in family firms: Asset or liability? The moderating role of business context. Entrepreneurship Theory and Practice, 37(6), 1341-1360.
40. Olson, D. (2000). Circumplex model of marital and family systems. Journal of Family Therapy, 22, 144-167.
41. Patel, P.C. & Chrisman, J.J. (2013). Risk abatement as a strategy for R&D investments in family firms. Strategic Management Journal, doi: 10.1002/smj.2119.
42. Patel, P.C. & Fiet, J.O. (2011). Knowledge combination and the potential advantages of family firms in searching for opportunities. Entrepreneurship Theory and Practice, 35, 1179-1197.
43. Pearson, A.W., Carr, J.C., & Shaw, J.C. (2008). Toward a theory of familiness: A social capital perspective. Entrepreneurship Theory and Practice, 32, 949-969.
44. Pearson, A.W., Holt, D.T., & Carr, J.C. (2014). Scales in family business studies. In L. Melin, M. Nordqvist & P. Sharma (Eds.), SAGE Handbook of Family Business (Chapter 28). London: Sage Publications Ltd.
45. Penney, C.R. & Combs, J.G. (2013). Insights from family science: The case of innovation. Entrepreneurship Theory and Practice, 37(6), 1421-1427.
46. 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, 321-348.
47. Schjoedt, L., Monsen, E., Pearson, A.W., Barnett, T., & Chrisman, J.J. (2013). New venture and family business teams: Understanding team formation, composition, behaviors, and performance. Entrepreneurship Theory and Practice, 37, 1-15.
48. Sharma, P. & Nordqvist, M. (2008). A classification scheme for family firms: From family values to effective governance to firm performance. In J. Tàpies & J.L. Ward (Eds.), Family values and value creation: The fostering of enduring values within family-owned businesses (pp. 71-101). New York: Palgrave Macmillan Publishers.
49. Short, J.C., Payne, G.T., & Ketchen, D.J. (2008). Research on organizational configurations: Past accomplishments and future challenges. Journal of Management, 34, 1053-1079.
50. Sirmon, D.G. & Hitt, M.A. (2003). Managing resources: Linking unique resources, management and wealth creation in family firms. Entrepreneurship Theory and Practice, 27, 339-358.
51. 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, 1183-1205.
52. Wiklund, J., Nordqvist, M., Hellerstedt, K., & Bird, M. (2013). Internal versus external ownership transition in family firms: An embeddedness perspective. Entrepreneurship Theory and Practice, 37(6), 1319-1340.
53. Wilson, N., Wright, M., & Scholes, L. (2013). Family business survival and the role of boards. Entrepreneurship Theory and Practice, 37(6), 1369-1389.
54. Yu, A., Lumpkin, G.T., Sorenson, R.L., & Brigham, K.H. (2012). The landscape of family business outcomes: A summary and numerical taxonomy of dependent variables. Family Business Review, 25, 33-57.
55. Zellweger, T.M., Nason, R.S., & Nordqvist, M. (2012). From longevity of firms to transgenerational entrepreneurship of families: Introducing family entrepreneurial orientation. Family Business Review, 25, 136-155.