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Differentiating value orientations and unity in values as predictors of varying family business system processes

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  • Peterson, Preston
  • Distelberg, Brian J.
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    Abstract

    This study evaluates a human ecology conceptual framework for family businesses where the value orientations within the family business system are considered a distinct construct from unity in values. This study uses the 2007 American Family Business Survey to differentiate values from unity. Findings from this study support this human ecology differentiation and results include a lack of relationship between unity and values, and the disproportionate role of unity in the creation and maintenance of formal processes, whereas values, and specifically “family-first” businesses tend to preference the creation of family councils. Implications include relevance for future investigative studies focused on the role of family involvement, and practical implication for the creation and maintenance of formal processes such as family councils.

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    Bibliographic Info

    Article provided by Elsevier in its journal Journal of Family Business Strategy.

    Volume (Year): 2 (2011)
    Issue (Month): 4 ()
    Pages: 207-219

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    Handle: RePEc:eee:fambus:v:2:y:2011:i:4:p:207-219

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    Web page: http://www.elsevier.com/wps/find/journaldescription.cws_home/719791/description#description

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    Related research

    Keywords: American Family Business Survey; Values; Unity; Ethical values; Formalization;

    References

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    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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    1. Mazzi, Chiara, 2011. "Family business and financial performance: Current state of knowledge and future research challenges," Journal of Family Business Strategy, Elsevier, vol. 2(3), pages 166-181.
    2. Robert N. Lussier & Matthew C. Sonfield, 2004. "Family Business Management Activities, Styles and Characteristics: A Correlational Study," American Journal of Business, Emerald Group Publishing, vol. 19(1), pages 47-54.
    3. Basco, Rodrigo & Pérez Rodríguez, María José, 2011. "Ideal types of family business management: Horizontal fit between family and business decisions and the relationship with family business performance," Journal of Family Business Strategy, Elsevier, vol. 2(3), pages 151-165.
    4. Zellweger, Thomas M. & Eddleston, Kimberly A. & Kellermanns, Franz W., 2010. "Exploring the concept of familiness: Introducing family firm identity," Journal of Family Business Strategy, Elsevier, vol. 1(1), pages 54-63, March.
    5. Olson, Patricia D. & Zuiker, Virginia S. & Danes, Sharon M. & Stafford, Kathryn & Heck, Ramona K. Z. & Duncan, Karen A., 2003. "The impact of the family and the business on family business sustainability," Journal of Business Venturing, Elsevier, vol. 18(5), pages 639-666, September.
    6. Brian Distelberg & Adrian Blow, 2010. "The Role of Values and Unity in Family Businesses," Journal of Family and Economic Issues, Springer, vol. 31(4), pages 427-441, December.
    7. Eleni Stavrou & George Kassinis & Alexis Filotheou, 2007. "Downsizing and Stakeholder Orientation Among the Fortune 500: Does Family Ownership Matter?," Journal of Business Ethics, Springer, vol. 72(2), pages 149-162, May.
    8. Sharon M. Danes & Jinhee Lee & Sayali Amarapurkar & Kathryn Stafford & George Haynes & Katherine E. Brewton, 2009. "Determinants Of Family Business Resilience After A Natural Disaster By Gender Of Business Owner," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 14(04), pages 333-354.
    9. Habbershon, Timothy G. & Williams, Mary & MacMillan, Ian C., 2003. "A unified systems perspective of family firm performance," Journal of Business Venturing, Elsevier, vol. 18(4), pages 451-465, July.
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    Cited by:
    1. Wilson, Shawn R. & Whitmoyer, Jeffrey G. & Pieper, Torsten M. & Astrachan, Joseph H. & Hair, Joseph F. & Sarstedt, Marko, 2014. "Method trends and method needs: Examining methods needed for accelerating the field," Journal of Family Business Strategy, Elsevier, vol. 5(1), pages 4-14.
    2. Basco, Rodrigo, 2013. "The family's effect on family firm performance: A model testing the demographic and essence approaches," Journal of Family Business Strategy, Elsevier, vol. 4(1), pages 42-66.

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