A Dynamic Framework of Noneconomic Goals and Inter-Family Agency Complexities in Multi-Family Firms

2021 ◽  
pp. 104225872110057
Author(s):  
James J. Chrisman ◽  
Kristen Madison ◽  
Taewoo Kim
Keyword(s):  
Research Agenda ◽  
Family Firms ◽  
Future Research ◽  
Opportunistic Behavior ◽  
Single Family ◽  
Complex Type ◽  
Dynamic Framework ◽  
Future Research Agenda ◽  
Family Centered ◽  
Control Family

Multi-family firms represent an important and complex type of family firm that is not as well understood as single-family firms. We develop a governance-based framework of the agency complexities in multi-family firms, theorizing that divergent family-centered noneconomic goals between the owning families create complex inter-family agency problems that are intensified by evolving family dynamics. We propose governance mechanisms that address these problems by limiting opportunistic behavior associated with the pursuit of noneconomic goals related to firm control, family altruism, social capital, and transgenerational succession. We then present a future research agenda that can expand our knowledge of multi-family firms.

Family firms and collaborative innovation: present debates and future research

2018 ◽  
Vol 21 (2) ◽  
pp. 334-358 ◽  
Author(s):  
Barbara Bigliardi ◽  
Francesco Galati
Keyword(s):  
Systematic Review ◽  
Research Agenda ◽  
Family Firms ◽  
Future Research ◽  
Content Type ◽  
Factors Affecting ◽  
Future Research Agenda ◽  
Collaborative Innovation ◽  
Relevant Topic ◽  
Definition Of

Purpose The purpose of this paper is threefold: first, to identify the unique characteristics of family firms in terms of the ability to manage and the willingness to engage in collaborative innovation; second, to investigate the existence of contingent factors affecting the heterogeneity of family firms’ behavior regarding these dimensions; and third, to propose a future research agenda. Design/methodology/approach This study consists of a systematic literature review. Findings Based on the results of a systematic review, the authors explain why family firms have a different behavior in terms of collaborative innovation if compared to the non-family counterparts and, following the contingent-based perspective, the authors also explain how different contingent factors can contribute to cause the heterogeneity of family firms’ behavior when facing collaborative innovation. Finally, the authors present a research agenda aimed at stimulating and guiding future research. Research limitations/implications The main limitation of the review is the wide definition of collaborative innovation provided at the beginning of the manuscript, in the introduction. In fact, with the aim of including all the studies dealing with collaborative innovation in the family firms’ context, the authors adopt a broad definition of external collaborative innovation that encompasses each process by which organizations work together to achieve an innovation outcome. Originality/value To the knowledge, this is the first systematic review addressing this relevant topic and proposing a future research agenda. The authors believe it could represent an important guide (but also a stimulus) for scholars interesting in the topic.

The Psychological Foundations of Management in Family Firms: Values, Biases, and Heuristics

2021 ◽  
pp. 089448652098563
Author(s):  
Pasquale Massimo Picone ◽  
Alfredo De Massis ◽  
Yi Tang ◽  
Ronald F. Piccolo
Keyword(s):  
Decision Making ◽  
Conceptual Framework ◽  
Family Business ◽  
Research Agenda ◽  
Family Firms ◽  
Strategic Decision ◽  
Strategic Decision Making ◽  
Future Research ◽  
Future Research Agenda ◽  
Biases And Heuristics

Considering the heterogeneity of family firm behaviors as reflecting the values, biases, and heuristics of individuals, we discuss the implications of the psychological foundations of management in family firms. We develop a conceptual framework for investigating how the values, biases, and heuristics of family and nonfamily members affect strategic decision-making and the outcomes of family firms. To advance the field, we put forward some relevant questions and offer a future research agenda at the intersection of the psychological foundations of management and family business.

Nonfamily Members in Family Firms: A Review and Future Research Agenda

2017 ◽  
Vol 31 (1) ◽  
pp. 54-79 ◽  
Author(s):  
William Tabor ◽  
James J. Chrisman ◽  
Kristen Madison ◽  
James M. Vardaman
Keyword(s):  
Research Agenda ◽  
Family Firms ◽  
Future Research ◽  
The Past ◽  
Future Research Agenda ◽  
Body Of Knowledge

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 body of knowledge, we systematically review 82 articles on nonfamily members in family firms that were published in 34 journals over the past three decades. We synthesize the literature according to three broad, yet overlapping themes: preemployment considerations, employment considerations, and outcomes of nonfamily employment. We then offer a future research agenda that integrates these themes to guide the advancement of knowledge on nonfamily members in family firms.

scholarly journals The distinctiveness of family-firm intangibles: A review and suggestions for future research

2011 ◽  
Vol 17 (2) ◽  
pp. 268-287 ◽  
Author(s):  
Jolien Huybrechts ◽  
Wim Voordeckers ◽  
Nadine Lybaert ◽  
Sigrid Vandemaele
Keyword(s):  
Human Capital ◽  
Organizational Culture ◽  
Competitive Advantage ◽  
Research Agenda ◽  
Family Firms ◽  
Empirical Literature ◽  
Future Research ◽  
Resource Based View ◽  
Intangible Resources ◽  
Future Research Agenda

AbstractWe review the theoretical and empirical literature on the resource-based view in the context of family businesses using a framework of intangible resources. This approach allows us to structure the present research on value-adding resources in family firms into four clearly distinct groups – organizational culture, reputation, human capital and networks – and provides us with the opportunity to examine the interactions of these intangible resources. We use these relationships to offer a future research agenda that is focused on the creation of competitive advantage through the combination and recombination of these resources.

scholarly journals The distinctiveness of family-firm intangibles: A review and suggestions for future research

2011 ◽  
Vol 17 (2) ◽  
pp. 268-287 ◽  
Author(s):  
Jolien Huybrechts ◽  
Wim Voordeckers ◽  
Nadine Lybaert ◽  
Sigrid Vandemaele
Keyword(s):  
Human Capital ◽  
Organizational Culture ◽  
Competitive Advantage ◽  
Research Agenda ◽  
Family Firms ◽  
Empirical Literature ◽  
Future Research ◽  
Resource Based View ◽  
Intangible Resources ◽  
Future Research Agenda

AbstractWe review the theoretical and empirical literature on the resource-based view in the context of family businesses using a framework of intangible resources. This approach allows us to structure the present research on value-adding resources in family firms into four clearly distinct groups – organizational culture, reputation, human capital and networks – and provides us with the opportunity to examine the interactions of these intangible resources. We use these relationships to offer a future research agenda that is focused on the creation of competitive advantage through the combination and recombination of these resources.

The Limits of Ego Depletion

2019 ◽  
Vol 50 (5-6) ◽  
pp. 292-304 ◽  
Author(s):  
Mario Wenzel ◽  
Marina Lind ◽  
Zarah Rowland ◽  
Daniela Zahn ◽  
Thomas Kubiak
Keyword(s):  
Research Agenda ◽  
Statistical Power ◽  
Interindividual Variability ◽  
Ego Depletion ◽  
Crossover Design ◽  
Effect Sizes ◽  
Future Research ◽  
Future Research Agenda ◽  
Depletion Effect ◽  
Within Subjects

Abstract. Evidence on the existence of the ego depletion phenomena as well as the size of the effects and potential moderators and mediators are ambiguous. Building on a crossover design that enables superior statistical power within a single study, we investigated the robustness of the ego depletion effect between and within subjects and moderating and mediating influences of the ego depletion manipulation checks. Our results, based on a sample of 187 participants, demonstrated that (a) the between- and within-subject ego depletion effects only had negligible effect sizes and that there was (b) large interindividual variability that (c) could not be explained by differences in ego depletion manipulation checks. We discuss the implications of these results and outline a future research agenda.

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