... one’s family identity and values and, therefore, offer quality products. However, the company must know how to innovate to remain competitive and optimize its processes. All this is possible by creating a dialogue and transferring knowledge within the family business to strengthen and prepare future...

... perspectives on the effects of family involvement: the agency and the stewardship perspectives. Size transition Growth Entrepreneurial firms Family business Family power In recent years growth has garnered significant attention among scholars in the field of entrepreneurship...

... contribute significantly to the heterogeneity observed among family businesses (Daspit et al., 2018 ; Madison et al., 2018 ; Swab et al., 2020). This heterogeneity is likely to manifest in their behaviors and performance outcomes (Chrisman and Patel, 2012 ; Miller and Le Breton...

...Gülçin Polat; Serap Benligiray Purpose This study aims to broaden the multidimensional conceptualization of family business professionalization, and to investigate how professionalization influences the financial performance of family firms, in the context of private family firms. Design...

...Paolo Roffia; Stefania Moracchiato; Eric Liguori; Sascha Kraus Purpose In this study, we investigated the dilemma of devising an operational family business definition in the SME context. The existing family business literature mostly agrees with the validity of a theoretical model called F-PEC...

...Mengyun Wu; Martha Coleman; Abdul Rashid Abdul Rahaman; Bless Kofi Edziah Purpose Succession of family enterprises has been an issue of concern to a number of researchers, and extensive studies have been conducted on this. Transfer of family business from one generation to next has resulted...

.... It shows that family conflict arises from the complex and novel social settings of a family business and that a DC prioritizes their family's goals by drawing on heuristic biases to resolve such family conflict. Findings A key finding of this study is the introduction of a distinct type of agency...

... of HR practices than their larger corporate counterparts (Hornsby and Kuratko, 1990). Early studies have shown that the implementation and proper use of HR practices may have a positive impact on the performance of family businesses (Astrachan and Kolenko, 1994 ; Hornsby and Kuratko, 1990). Astrachan...

...Gérard Hirigoyen; Sami Basly Purpose The purpose of this paper is to assessthe probable influence of some of the emotional costs and returns expected by owners on their family business sale decision; and examine if the perceived economic environment during the economic and financial crisis of 2008...

...Gil Bozer; Leon Levin; Joseph C. Santora Purpose Despite the extensive breadth of research into the critical challenge of succession in family business, generational succession in family business has been investigated from predominately one-dimensional perspective. The purpose of this paper...

...Yong Wang Family businesses play an important role in both developing and developed economies. In the UK, family businesses are estimated to represent 65.0 per cent of all private sector enterprises and account for about 42.0 per cent of private sector employment (Institute of Family Business...

... short-term planning and long-term planning. Originality/value – Whereas many previous studies on family business have assumed that family firms use less formal planning than non-family firms, the present study is one of few to actually confirm this notion. Also, this study has provided strong...

...Robert N. Lussier; Matthew C. Sonfield Purpose – The purpose of this paper is to compare “micro” enterprise (0-9 employees) to “small” enterprise (10-49 employees) family businesses with regard to 12 important managerial characteristics in eight countries: Argentina, Croatia, Egypt, France...

... of predictions drawn from social psychological, economic, and management literature. The hypotheses are tested using ordinary least squares hierarchical regression analyses conducted on a nonrandom sample of medium and large family businesses. Findings The empirical results identify four potential categories...

...Robert N. Lussier; Matthew C. Sonfield Purpose The purpose of this article is to measure and compare differences in levels of family business planning for succession in seven countries: Croatia, Egypt, France, India, Kosovo, Kuwait, and the USA. Design/methodology/approach The research...