The Palgrave Handbook of Heterogeneity among Family Firms

1016 Pages·2019·11.97 MB·English

by  Esra Memili

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
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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
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The publisher, the authors and the editors are safe to assume that the advice and information in this book are
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Cover credit: GettyImages/Aviator70
This Palgrave Macmillan imprint is published by the registered company Springer Nature Switzerland AG
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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