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Family Business

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Family Business

9781847207630 Edward Elgar Publishing
Edited by Joseph H. Astrachan, Kennesaw State University, US, Torsten M. Pieper, University of North Carolina at Charlotte, US and Peter Jaskiewicz, Assistant Professor, Department of Strategic Management and Organization, University of Alberta School of Business, Canada
Publication Date: 2008 ISBN: 978 1 84720 763 0 Extent: 560 pp
This insightful collection conveniently presents the most influential and frequently cited family business research articles. ‘Must quote’ papers on a broad range of topics, as well as a variety of methods are included and serve as a model for forthcoming work and a foundation for future theory. Complemented by the authors’ comprehensive introduction, this volume is an essential reference tool for seasoned researchers, new students and those who work with family businesses.

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Critical Acclaim
Contributors
Contents
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This insightful collection conveniently presents the most influential and frequently cited family business research articles. ‘Must quote’ papers on a broad range of topics, as well as a variety of methods are included and serve as a model for forthcoming work and a foundation for future theory. Complemented by the authors’ comprehensive introduction, this volume is an essential reference tool for seasoned researchers, new students and those who work with family businesses.
Critical Acclaim
‘Family business entrepreneurship has emerged as one of the most dynamic research themes in economics and management in recent decades. This collection of previously published journal articles serves as a testimony to the pioneers that have contributed towards the consolidation of this inter-disciplinary topic on the academic agenda. It is the port for reference and inspiration for every researcher in the business of shaping the development of the field.’
– Panikkos Poutziouris, President of the International Family Enterprise Research Academy

‘The editors have done an exemplary job. This comprehensive collection will be much appreciated by the academic community, family business owners, managers, advisors to family businesses, as well as policymakers at all levels.’
– Sanjay Goel, University of Minnesota, Duluth, US

‘My congratulations to Joe Astrachan, Torsten Pieper and Peter Jaskiewicz on this excellent contribution. In a clever yet meticulous way, they have compiled the seminal empirical studies in the broadly diverse field of family business. Look at the diversity of topics: governance, interpersonal relationships, strategic management, finance, law, psychology, organizational culture, economics, gender issues, and more. The editors have done a remarkable job of categorizing this diversity and laying foundations for future scholarship. Family Business should be part of the library of anyone who takes this field seriously.’
– Frank Hoy, Family Firm Institute
Contributors
28 articles, dating from 1991 to 2005
Contributors include: R. Anderson, J. Chua, J. Chrisman, C. Daily, R. Dino, M. Gallo, M. Lubatkin, E. Poza, D. Reeb, S.A. Zahra
Contents
Contents:

Acknowledgements

Introduction
Joseph H. Astrachan, Torsten M. Pieper and Peter Jaskiewicz

PART I DEFINITIONAL ISSUES
1. Sabine B. Klein, Joseph H. Astrachan and Kosmas X. Smyrnios (2005), ‘The F-PEC Scale of Family Influence: Construction, Validation, and Further Implications for Theory’
2. Melissa Carey Shanker and Joseph H. Astrachan (1996), ‘Myths and Realities: Family Businesses’ Contribution to the US Economy – A Framework for Assessing Family Business Statistics’
3. Rik Donckels and Erwin Fröhlich (1991), ‘Are Family Businesses Really Different? European Experiences from STRATOS’

PART II TYPOLOGICAL VARIETY
4. William S. Schulze, Michael H. Lubatkin and Richard N. Dino (2003), ‘Exploring the Agency Consequences of Ownership Dispersion Among the Directors of Private Family Firms’
5. Matthew C. Sonfield and Robert N. Lussier (2004), ‘First-, Second-, and Third- Generation Family Firms: A Comparison’
6. Sharon M. Danes and Patricia D. Olson (2003), ‘Women’s Role Involvement in Family Businesses, Business Tensions, and Business Success’
7. Jess H. Chua, James J. Chrisman and Erick P.C. Chang (2004), ‘Are Family Firms Born or Made? An Exploratory Investigation’

PART III PERFORMANCE
8. Ronald C. Anderson and David M. Reeb (2003), ‘Founding-Family Ownership and Firm Performance: Evidence from the S&P 500’
9. Miguel Ángel Gallo, Josep Tàpies and Kristin Cappuyns (2004), ‘Comparison of Family and Nonfamily Business: Financial Logic and Personal Preferences’
10. Catherine M. Daily and Marc J. Dollinger (1992), ‘An Empirical Examination of Ownership Structure in Family and Professionally Managed Firms’
11. Ronald C. Anderson and David M. Reeb (2004), ‘Board Composition: Balancing Family Influence in S&P 500 Firms’

PART IV PROFESSIONALIZATION
12. Daniel L. McConaughy (2000), ‘Family CEOs vs. Nonfamily CEOs in the Family-Controlled Firm: An Examination of the Level and Sensitivity of Pay to Performance’
13. Jess H. Chua, James J. Chrisman and Pramodita Sharma (2003), ‘Succession and Nonsuccession Concerns of Family Firms and Agency Relationship with Nonfamily Managers’
14. Joseph H. Astrachan and Thomas A. Kolenko (1994), ‘A Neglected Factor Explaining Family Business Success: Human Resource Practices’

PART V STRATEGY
15. Shaker A. Zahra (2005), ‘Entrepreneurial Risk Taking in Family Firms’
16. Nancy Upton, Elisabeth J. Teal and Joe T. Felan (2001), ‘Strategic and Business Planning Practices of Fast Growth Family Firms’
17. Renato Tagiuri and John A. Davis (1992), ‘On the Goals of Successful Family Companies’
18. Shaker A. Zahra, James C. Hayton and Carlo Salvato (2004), ‘Entrepreneurship in Family vs. Non-Family Firms: A Resource-based Analysis of the Effect of Organizational Culture’
19. Shaker A. Zahra (2003), ‘International Expansion of U.S. Manufacturing Family Businesses: The Effect of Ownership and Involvement’

PART VI GOVERNANCE
20. Ronald C. Anderson, Sattar A. Mansi and David M. Reeb (2003), ‘Founding Family Ownership and the Agency Cost of Debt’
21. William S. Schulze, Michael H. Lubatkin, Richard N. Dino and Ann K. Buchholtz (2001), ‘Agency Relationships in Family Firms: Theory and Evidence’
22. William S. Schulze, Michael H. Lubatkin and Richard N. Dino (2003), ‘Toward a Theory of Agency and Altruism in Family Firms’
23. Mikko Mustakallio, Erkko Autio and Shaker A. Zahra (2002), ‘Relational and Contractual Governance in Family Firms: Effects in Strategic Decision Making’

PART VII FAMILY RELATIONSHIPS
24. Wendy C. Handler (1992), ‘The Succession Experience of the Next Generation’
25. Ivan Lansberg and Joseph H. Astrachan (1994), ‘Influence of Family Relationships on Succession Planning and Training: The Importance of Mediating Factors’
26. Colette Dumas (1989), ‘Understanding the Father–Daughter and Father–Son Dyads in Family-Owned Business’
27. Sharon M. Danes, Martha A. Rueter, Hee-Kyung Kwon and William Doherty (2002), ‘Family FIRO Model: An Application to Family Business’
28. Ernesto J. Poza, Theodore Alfred and Anil Maheshwari (1997), ‘Stakeholder Perceptions of Culture and Management Practices in Family and Family Firms – A Preliminary Report’

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