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Strategy, ownership, governance, and socio-psychological perspectives on family businesses from around the world

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  • Goel, Sanjay
  • Mazzola, Pietro
  • Phan, Phillip H.
  • Pieper, Torsten M.
  • Zachary, Ramona K.

Abstract

This prologue to the special issue documents and discusses the current family business research literature on strategy, ownership, governance and the socio-psychological dimension. The articles in this special issue represent theoretical and empirical research using micro and macro databases with various methodologies, including case studies and multivariate analyses. In particular, the ownership and governance literature relative to family businesses is critically reviewed, and traditional perspectives are challenged by leading scholars. Each of five competitive research articles is contextualised relative to the extant literature, and the contributions of each article are duly noted and discussed. Possible future research directions are suggested, 13 research propositions are identified, and future research needs are delineated. Finally, researchers are challenged to (a) question the extant business research in general, (b) broaden their research perspectives to both the family system and the business system, and (c) begin dialogue with scholars in related and relevant disciplines.

Suggested Citation

  • Goel, Sanjay & Mazzola, Pietro & Phan, Phillip H. & Pieper, Torsten M. & Zachary, Ramona K., 2012. "Strategy, ownership, governance, and socio-psychological perspectives on family businesses from around the world," Journal of Family Business Strategy, Elsevier, vol. 3(2), pages 54-65.
  • Handle: RePEc:eee:fambus:v:3:y:2012:i:2:p:54-65
    DOI: 10.1016/j.jfbs.2012.03.005
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    2. Ramos, Hazel Melanie & Man, Thomas Wing Yan & Mustafa, Michael & Ng, Zuie Zuie, 2014. "Psychological ownership in small family firms: Family and non-family employees’ work attitudes and behaviours," Journal of Family Business Strategy, Elsevier, vol. 5(3), pages 300-311.
    3. Aldrich, Howard E. & Brumana, Mara & Campopiano, Giovanna & Minola, Tommaso, 2021. "Embedded but not asleep: Entrepreneurship and family business research in the 21st century," Journal of Family Business Strategy, Elsevier, vol. 12(1).
    4. Arijs, Diane & Botero, Isabel C. & Michiels, Anneleen & Molly, Vincent, 2018. "Family business employer brand: Understanding applicants’ perceptions and their job pursuit intentions with samples from the US and Belgium," Journal of Family Business Strategy, Elsevier, vol. 9(3), pages 180-191.
    5. Ferramosca, Silvia & Allegrini, Marco, 2018. "The complex role of family involvement in earnings management," Journal of Family Business Strategy, Elsevier, vol. 9(2), pages 128-141.
    6. Guidice, Rebecca M. & Mero, Neal P. & Greene, Juanne V., 2013. "Perceptions of accountability in family business: Using accountability theory to understand differences between family and nonfamily executives," Journal of Family Business Strategy, Elsevier, vol. 4(4), pages 233-244.
    7. Sanchez-Ruiz, Paul & Maldonado-Bautista, Ileana & Rutherford, Matthew, 2018. "Business stressors, family-business identity, and divorce in family business: A vulnerability-stress-adaptation (VSA) model," Journal of Family Business Strategy, Elsevier, vol. 9(3), pages 167-179.
    8. Sund, Lars-Göran & Melin, Leif & Haag, Kajsa, 2015. "Intergenerational ownership succession," Journal of Family Business Strategy, Elsevier, vol. 6(3), pages 166-177.
    9. King, Roger & Peng, Winnie Qian, 2013. "The effect of industry characteristics on the control longevity of founding-family firms," Journal of Family Business Strategy, Elsevier, vol. 4(4), pages 281-295.
    10. Rebeca García-Ramos & Belén Díaz-Díaz & Myriam García-Olalla, 2017. "Independent directors, large shareholders and firm performance: the generational stage of family businesses and the socioemotional wealth approach," Review of Managerial Science, Springer, vol. 11(1), pages 119-156, January.
    11. Carolin Decker & Christina Günther, 2017. "The impact of family ownership on innovation: evidence from the German machine tool industry," Small Business Economics, Springer, vol. 48(1), pages 199-212, January.
    12. Sunarto Isstianto & Sekolah T. I. E. Surakarta & Suprapti Supardi & Sapja Anantanyu & Mahendra Wijaya, 2016. "The family business of leadership succession by comparison cluster between Kauman and Laewyan Batik industry," Journal of Business & Management (COES&RJ-JBM), , vol. 4(4), pages 172-181, October.

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