Endogeneity Issues in Family Business Research: Current Status and Future Recommendations

2021 ◽  
pp. 089448652110490
Author(s):  
Xinrui Zhang ◽  
Hanqing Fang ◽  
Junsheng Dou ◽  
James J. Chrisman
Keyword(s):  
Family Business ◽  
Research Field ◽  
Lessons Learned ◽  
Current Status ◽  
Business Research ◽  
Research Topics ◽  
Business Studies ◽  
Insufficient Attention ◽  
The Family

Although the family business research field and related disciplines are paying increasing attention to improvements in methodology, there is still insufficient attention being paid to endogeneity issues. We therefore raise awareness of endogeneity and suggest ways to reduce biased results in family business studies. We review publications in the family business literature in terms of (1) the consideration of endogeneity issues, (2) sources of endogeneity for different research topics, and (3) various methods that researchers have used to control for endogeneity. We discuss important lessons learned from the review and offer methodologically oriented recommendations for future family business studies.

Measuring family business performance: research trends and suggestions

2018 ◽  
Vol 8 (2) ◽  
pp. 146-168 ◽  
Author(s):  
Ralph I. Williams Jr
Keyword(s):  
Performance Measurement ◽  
Family Business ◽  
Performance Studies ◽  
Business Performance ◽  
Research Field ◽  
Business Research ◽  
Content Type ◽  
Business Studies ◽  
The Family ◽  
Performance Research

Purpose Business performance measurement is vital to expanding knowledge of how various strategies and behaviors affect organization outcomes. Given the recent growth of the family business research field, it is appropriate to assess how researchers measure family business performance, seeking to provide thoughts related to how to improve family business performance measurement in research. The paper aims to discuss these issues. Design/methodology/approach This study applies a systematic approach to review 338 family business performance studies published in peer-reviewed journals from 1980 through 2015. Findings Observations are presented from this exhaustive review, including the expansion of the family business research field, types of journals publishing family business studies, research topics, types of measures utilized, and others. In addition, potential gaps are identified and possible solutions are presented. Originality/value It appears no review of family business performance measurement in research is available. Observations from this review may assist researchers in measuring a vital metric, family business performance.

scholarly journals Finance in Family Business Studies: A Systematic Literature Review

2017 ◽  
Vol 8 (5) ◽  
pp. 11 ◽  
Author(s):  
Carmen Gallucci ◽  
Rosalia Santulli ◽  
Michela De Rosa
Keyword(s):  
Family Business ◽  
Specific Interaction ◽  
Family Businesses ◽  
Research Topics ◽  
Business Studies ◽  
The Family ◽  
Business Dynamics ◽  
New Perspective ◽  
Financial Issues ◽  
Essential Support

The aim of this paper is to examine how the family business literature and financial issues interact. It is carried out on 448 articles methodically selected from 24 management journals and 102 finance journals. After discussing the periodical development of literature, the study identifies the key research topics in the both fields and by crossing the results it identifies specific interaction trends. The classical financial theory cannot be applied to family businesses. The outcome of this research discloses that socioemotional wealth could contribute to determine a new perspective under which to examine the interplay between the family and the business. The schematic overview on the state of art let us reflect on the gaps that could be bridged, through a coherent advancing of financial studies in family business. The understanding that classical financial theory cannot be applied to family businesses and the discovery of peculiar family business dynamics can assure the continuity of the firm by defying the growth of firm’s value in term of the emotional components beyond the financial considerations. This review shows to researchers a wider scenario of the family business by leading to many challenges and gives an essential support to scholars in advancing a beneficial research.

scholarly journals Towards the construct of paternalism to investigate control in family business governance

2013 ◽  
Vol 10 (4) ◽  
pp. 317-328
Author(s):  
Mariavittoria Cicellin ◽  
Donata Mussolino ◽  
Marcello Martinez ◽  
Mario Pezzillo Iacono
Keyword(s):  
Family Business ◽  
Family Firms ◽  
Research Field ◽  
Business Research ◽  
Starting Point ◽  
The Family ◽  
Research Stream ◽  
And Control ◽  
Succession Processes ◽  
Conceptual Work

The aim of this study is to adopt the construct of paternalism to understand control in family business governance. In particular, we want to investigate the concept of paternalism as mechanism of control in family firms. The theoretical reflections we here present first try to challenge the main theories used in family business literature, with a discussion about their limitations and boundaries of validity. Then, we present the construct of paternalism as a mechanism of governance and control that influences the decision making process, and in particular the succession processes. The construct of paternalism still needs sound methodological as well conceptual work, but we argue that it may be a starting point for building a rigorous and relevant research stream. This endeavour may help the family business research field to gain legitimacy in the broader academic arena.

Entrepreneurship and Family Business Research: Comparisons, Critique, and Lessons

1994 ◽  
Vol 19 (1) ◽  
pp. 25-38 ◽  
Author(s):  
Robert H. Brockhaus
Keyword(s):  
Family Business ◽  
Research Field ◽  
Business Research ◽  
Developmental Processes ◽  
Entrepreneurship Research ◽  
The Family ◽  
The Future ◽  
History Of

The history of entrepreneurship research offers some insights into the future of family business research. These Insights suggest possible developmental processes for the family business research field and offer opportunities for family business researchers to build upon the foundations prepared by entrepreneurship researchers. History offers cautions as well to the future and value of family business research.

When Shooting for the Stars Becomes Aiming for Asterisks: P-Hacking in Family Business Research

2021 ◽  
pp. 104225872110503
Author(s):  
Jasper Brinkerink
Keyword(s):  
Family Business ◽  
Research Field ◽  
Research Practice ◽  
Business Research ◽  
P Values ◽  
Field Versus ◽  
The Family ◽  
Female Authorship ◽  
Different Levels ◽  
Do So

As a side-effect of increasing publication pressures, academics may be tempted to engage in p-hacking: a questionable research practice involving the iterative and incompletely-disclosed adjustment of data collection, analysis, and/or reporting, until nonsignificant results turn significant. Prior studies in entrepreneurship-related disciplines carry the implicit notion that p-hacking is predominantly an issue in top-tier journals, where incentives to do so may be highest. This study investigates p-hacking in the family business literature, a research field with roots in the broader entrepreneurship and small business literatures, and in which discourse increasingly takes place in both dedicated field journals and in the top-tier outlets in entrepreneurship and management. Analyses of p-values published in these field- and top-tier journals allow for a comparison of the prevalence and correlates of p-hacking at these different levels of prestige. The findings suggest that p-hacking is an issue of substantial—and statistically indistinguishable—magnitudes in both field- and top-tier journals. We further observe negative correlations of female authorship and employer prestige with p-hacking, where the latter is stronger in field versus top-tier journals. Implications of these findings, their limitations, and some suggestions going forward are discussed, with particular attention for the promise of preregistration and registered reports.

Research on Management Model of Chinese Family-Holding Business under Market Economy

2011 ◽  
Vol 403-408 ◽  
pp. 313-317
Author(s):  
Li Zhang
Keyword(s):  
Market Economy ◽  
Family Business ◽  
Development Stage ◽  
Management Model ◽  
Current Status ◽  
Family Management ◽  
Chinese Family ◽  
Enterprise System ◽  
Modern Enterprise ◽  
The Family

In China, the family business usually implement paternalistic management model at the startup. When the enterprise scale enlarged, along with the change of the outside environment, the risk and uncertainty of the enterprise management will be increased and the distortions of family management model will become increasingly clear. Therefore, it is an irresistible trend to carry out reforms on the family business governance model. This paper analyzed the current status of Chinese family management model, pointed out the opportunity under the market economy for family business accelerating its development, and summarized the four models of Chinese family business governance. Currently, under the market economy, the biggest problem faced by Chinese family business is not how to transform into modern enterprise, but how to realize their sustainable development. To build a modern enterprise system is just an important destination for family business development, but can’t be the only choose at the present stage. A precisely suitable enterprise system is established according to the time, place, different industry, scale, development stage and background, while there is no standard model of universal application.

scholarly journals Family Business: An Entrepreneurial Longer-Term Perspective

2016 ◽  
Vol 7 (1) ◽  
pp. 9
Author(s):  
Ratna L. Nugroho
Keyword(s):  
Conceptual Model ◽  
Family Business ◽  
Business Case ◽  
Business Research ◽  
The Family ◽  
Business Case Study ◽  
The Many

This family business case study is concerned with investigating the issue of the complexity of the many views of the family business research, focusing exclusively on the entrepreneurial concept. In taking this concept, three characteristics were identified in this case study, namely: the attitudes, the skills, and the behavior. Along with these findings, it is suggested that the conceptual model, the so-called “the three circles,” where this three circle has an overlap and identify as a longer-term entrepreneurial perspective within the family-owned enterprise.

Revisiting the Study of Family Businesses: Methodological Challenges, Dilemmas, and Alternative Approaches

1998 ◽  
Vol 11 (3) ◽  
pp. 239-252 ◽  
Author(s):  
Mary Winter ◽  
Margaret A. Fitzgerald ◽  
Ramona K. Z. Heck ◽  
George W. Haynes ◽  
Sharon M. Danes
Keyword(s):  
Empirical Evidence ◽  
Family Business ◽  
Methodological Approach ◽  
Family Businesses ◽  
Business Research ◽  
Internal Dynamics ◽  
Methodological Challenges ◽  
The Family ◽  
Alternative Approaches ◽  
Social Units

Family businesses are vital but understudied economic and social units. Previous family business research is limited relative to its definitions, sampling, and resulting empirical evidence. This paper presents an alternative methodological approach to the study of family businesses with the potential for allowing multiperspective and detailed analyses of the nature and internal dynamics of both the family and the business and the interaction between the two.

scholarly journals Advancing Family Business Research Through Narrative Analysis

2011 ◽  
Vol 25 (3) ◽  
pp. 339-355 ◽  
Author(s):  
Alexandra Dawson ◽  
Daniel Hjorth
Keyword(s):  
Leadership Style ◽  
Family Business ◽  
Narrative Analysis ◽  
Business Research ◽  
Social Constructs ◽  
Business Studies ◽  
Mean Convergence ◽  
Novel Approach ◽  
Methodological Rigor ◽  
Succession Process

Despite advances in family business research, the field would benefit from greater methodological rigor. However, rigor does not mean convergence of methodologies. In this article, the authors adopt a novel approach, based on narrative analysis, to address the succession process in a family business. This interpretive perspective is appropriate for family business studies, which address multifaceted and complex social constructs that are performed by different actors in multiple contexts. The analysis highlights five key themes centering on leadership style and succession, trust and communication, balance between agents, history and identity, and fear of losing one’s identity and social standing through the succession process.

Sign in / Sign up

Export Citation Format

Share Document