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Toward the Validation of Family Legacy Orientation

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  • Matthew W. Rutherford
  • Donald F. Kuratko

Abstract

Family legacy orientation (FLO) and Family firm legacy orientation (FFLO) are novel and compelling constructs for the field of family business. In the paper, the authors introduce these constructs and offer implications for strategic decision making in the firm. They also note that, while FLO and FFLO could have a substantial impact on the field of family business, the constructs must be measured. We concur, because while more theorizing is necessary, part of this theorizing should include the development of observable and measurable phenomena for the construct in question (Schwab, 1980). In addition, by engaging in the steps to gauge construct clarity and validity, important considerations, concerns, and value will certainly come to light.

Suggested Citation

  • Matthew W. Rutherford & Donald F. Kuratko, 2016. "Toward the Validation of Family Legacy Orientation," Entrepreneurship Theory and Practice, , vol. 40(6), pages 1233-1239, November.
    • Handle: RePEc:sae:entthe:v:40:y:2016:i:6:p:1233-1239
    DOI: 10.1111/etap.12244
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    References listed on IDEAS

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    1. Mehrotra, Vikas & Morck, Randall & Shim, Jungwook & Wiwattanakantang, Yupana, 2013. "Adoptive expectations: Rising sons in Japanese family firms," Journal of Financial Economics, Elsevier, vol. 108(3), pages 840-854.
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    3. Nathan L. Hammond & Allison W. Pearson & Daniel T. Holt, 2016. "The Quagmire of Legacy in Family Firms: Definition and Implications of Family and Family Firm Legacy Orientations," Entrepreneurship Theory and Practice, , vol. 40(6), pages 1209-1231, November.
    4. James J. Chrisman & Jess H. Chua & Lloyd Steier, 2005. "Sources and Consequences of Distinctive Familiness: An Introduction," Entrepreneurship Theory and Practice, , vol. 29(3), pages 237-247, May.
    5. Alex Stewart, 2003. "Help One Another, Use One Another: Toward an Anthropology of Family Business," Entrepreneurship Theory and Practice, , vol. 27(4), pages 383-396, October.
    6. Paul M. Hirsch & Daniel Z. Levin, 1999. "Umbrella Advocates Versus Validity Police: A Life-Cycle Model," Organization Science, INFORMS, vol. 10(2), pages 199-212, April.
    7. Rogoff, Edward G. & Heck, Ramona Kay Zachary, 2003. "Evolving research in entrepreneurship and family business: recognizing family as the oxygen that feeds the fire of entrepreneurship," Journal of Business Venturing, Elsevier, vol. 18(5), pages 559-566, September.
    8. Dean Shepherd & J. Michael Haynie, 2009. "Family Business, Identity Conflict, and an Expedited Entrepreneurial Process: A Process of Resolving Identity Conflict," Entrepreneurship Theory and Practice, , vol. 33(6), pages 1245-1264, November.
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    Cited by:

    1. Jon C. Carr & James J. Chrisman & Jess H. Chua & Lloyd P. Steier, 2016. "Family Firm Challenges in Intergenerational Wealth Transfer," Entrepreneurship Theory and Practice, , vol. 40(6), pages 1197-1208, November.

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