Trends and Directions in the Development of a Strategic Management Theory of the Family Firm
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Abstract
This article provides a review of important trends in the strategic management approach to studying family firms: convergence in definitions, accumulating evidence that family involvement may affect performance, and the emergence of agency theory and the resource–based view of the firm as the leading theoretical perspectives. We conclude by discussing directions for future research and other promising approaches to inform the inquiry concerning family business.
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The record
- Venue
- Entrepreneurship Theory and Practice
- Topic
- Family Business Performance and Succession
- Field
- Business, Management and Accounting
- Canadian institutions
- Wilfrid Laurier UniversityUniversity of Calgary
- Funders
- —
- Keywords
- Family businessAgency (philosophy)BusinessConvergence (economics)Affect (linguistics)Strategic managementDynamic capabilitiesResource dependence theoryResource (disambiguation)Theory of the firmPrincipal–agent problemKnowledge managementIndustrial organizationMarketingSociologyManagementEconomicsComputer scienceSocial scienceEconomic growth
- Has abstract in OpenAlex
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