The study of the roles, impact, and challenges associated with nonfamily members in family
firms has generated considerable attention in the literature. To gain an appreciation of this …

Based on a review of 217 refereed articles on family business studies, the literature is
organized according to its focus on individual, interpersonal or group, organizational, and …

Drawing on stewardship and resource dependence theories, we examine how the board of
directors (BoD) influences the link between entrepreneurial orientation (EO) and …

The behavioral agency model suggests that to preserve socioemotional wealth, loss-averse
family firms usually invest less in R&D than nonfamily firms. However, behavioral agency …

This research develops the argument that four types of market imperfections (ie, inefficient
firms, externalities, flawed pricing mechanisms and information asymmetries) at once …

This article provides a review of important trends in the strategic management approach to
studying family firms: convergence in definitions, accumulating evidence that family …

The failure of past “entrepreneurial personality”—based research to clearly distinguish the
unique contributions to the entrepreneurial process of entrepreneurs as people, has created …

Social welfare, or the good society, is of central concern to the Academy of Management. We
begin by observing that, in theory and practice, social welfare appears to be a multifarious …

We explain why family–centered noneconomic goals and bounded rationality decrease the
willingness and ability of small–and medium–sized family firms to hire and provide …

This article consists of two parts. The first part reports findings from a survey of the issues
facing top executives in 272 Canadian family firms. Results show that succession is their No …