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Format: 1 online resource (308 pages)

Edition: 1st ed.

ISBN: 9781107037755 , 9781107290327

Content: The Endurance of Family Businesses offers an overview of the importance and resilience of family-controlled large businesses. This collection of essays discusses the strengths of family businesses: the ways family firms have managed, financed and governed their corporations, as well as the way in which they structure their relationship with the external environment

Note: Cover -- Half title -- Title -- Copyright -- Contents -- Figures and Tables -- Contributors -- Abbreviations -- Introduction -- Part One Theoretical Issues and Debates -- 1 The Emergence of Family Business Studies -- The Interest of Many Disciplines in Family Business -- The Institutionalization of Family Business Studies -- The Historical Context -- The Institutionalization of Family Business Studies -- The Emergence of Family Business Studies in Europe -- Family Business Owners and Scholars Since the 1990s: Going Global? -- The Creation of New Academic Knowledge about Family Business Studies in Spain in the Early 1990s -- Conclusions -- 2 Family Firm Longevity -- Longevity -- Introduction -- Defining a Family Firm -- The Components-of-Involvement Approach -- The Essence Approach -- The Essence of Longevity -- The Longevity of a Firm -- The Longevity of a Family -- The Longevity of a Family Firm -- Toward the Pursuit of Longevity -- The Flexible-Family System -- The Flexible-Business System -- 3 Family Values or Crony Capitalism? -- Introduction -- The Empirical Evidence -- The Debate on the Efficiency of Family Firms -- The European Model -- Entrepreneurship -- A Motivating Story -- A Brand -- A Network -- Political Networks -- Explanation -- Law and Finance -- Tax Incentives -- Voting Privileges and Law -- Family Structure and Inheritance Law -- The Inherent Characteristics of the Family Firm -- Turbulence and the Family Firm -- Conclusion -- 4 Risk, Uncertainty, and Family Ownership -- Introduction -- Inside the Black Box: Risk, Uncertainty, and the Family Firm -- Family Hindrances -- Family Matters -- Outside the Black Box: Family Firms and the External Environment -- Concluding Remarks -- Structure -- Limitations and Research Implications -- Part Two Exogenous Factors -- 5 Families Breaking the Business Logic , Family Dynasties in the Age of Capitalism -- The Key Principles of Corporate Governance -- Comparisons of Swedish Family Dynasties -- Stick to What You Know, or Not -- Too Much Tradition Kills -- New Business Logic -- Entrepreneurship Is Everything -- Conclusion -- 6 Cultural Forces in Large Family Firm Persistence -- Introduction -- The Research Model -- Hypotheses -- The Relationship with the Family: Regulated Boundary and Family Business Endurance -- The Relationship with the Community: Business Reputation and Family Business Endurance -- The Relationship with Society-at-Large: Bridging Relationships and Family Business Endurance -- The Relationship with the Organization: Organizational Professionalism and Family Business Endurance -- The Relationship with the Management: Regulated Family Power and Family Business Endurance -- The Relationship with the Leadership- Competitive Succession and Family Business Endurance -- The Link between Family and Leadership: Gender-centered Leadership and Family Business Endurance -- The Link between Society-at-Large and Organization: Operational Resiliency and Family Business Endurance -- The Link between Community and Management: Contextual Embeddedness and Family Business Endurance -- Discussion -- Conclusions -- 7 Family Firms and the New Multinationals -- Introduction -- Family Firms and the New Multinationals -- Freedom to Develop the Firm's Business Model -- Advantages in Transferring and Exploiting the Business Model Abroad -- Ease in the Adoption of Network- and Trust-based Governance Structures -- Conclusion -- 8 Finance and Family-Ness* -- Introduction -- Families as Financiers -- Families and the Agency Problem -- Other Factors Affecting the Economic Value of Family Business -- Untraveled Roads -- Conclusion -- Part Three Endogenous Determinants -- 9 The Women of the Family Business -- Introduction , Historical Roles: The "Hidden Giants," or Women as Invisible Pillars of Family Business Endurance -- Supporting Wives and Business Partners -- The Ambassadors and Enhancers of "Social and Cultural Capital" -- Women as the Mothers of the Next Generation, Facilitators of Transmission, and "Emotional Leaders" of the Family -- Challenges for the "Hidden Giants" -- Traditional Succession Paths: Transparent Daughters -- Daughters Transparent for Their Parents and Brothers -- Of the Risks of Leaving Out the Daughters in Family Firms -- Becoming Visible: Widows -- The Pivotal Role of Widows in Long-lasting Dynasties -- Unusual Paths of Succession: Daughters as Widows -- The Revolution: The Increased Leadership Visibility of Women -- The Evolution of Society and the Accession of Women to Business Leadership Roles -- Challenges of Daughters' Successions -- Toward the Recognition of the "Hidden Giants" -- The Development of Literature on the Roles of Women in the Family Firm -- Changing Dynamics: Female Entrepreneurs and a New Generation -- 10 The Role of Values in Family-Owned Firms -- Introduction -- What Are Values? -- Values in Mission Statements: The Differences among Vision, Mission and Values -- The Notion of Value -- Family Business Values in Practice -- Putting Theory into Practice: Respecting the Typology and Hierarchy of Values -- Analysis of the Values Most Characteristic of Family-Owned Firms -- Concluding Remarks -- 11 Managing Professionalization in Family Business -- Point of Departure -- The Aim of the Chapter -- Industrialization and the "Professionalization of Management" -- "The Professionalization of Management" and Family Business Research -- One Aspect of Professionalization of Management: The Separation of Ownership and Management -- Managing Professionalization in Family Firms I: Increasing Level of Education , Managing Professionalization II: Careers and Succession Planning in Family Firms -- Family Values and Professionalization -- Female Successors in Family Businesses -- Concluding Remarks -- Index

Additional Edition: Print version Fernandez Perez, Paloma The Endurance of Family Businesses New York : Cambridge University Press,c2013 ISBN 9781107037755

Language: English

Keywords: Electronic books

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