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The influences of family on the everyday business of a family firm entrepreneur

Author

Listed:
  • Sascha Kraus
  • Stefan Maerk
  • Mike Peters

Abstract

Family firms are, as the name implies, the overlapping of two big communities, 'the family' and 'the firm'. Researchers from all over the world agree that the influence that a family has on the entrepreneur affects his activities. Another important point in family firms is the daily routines. In these routines, family members can get in touch with the entrepreneur. This study addresses how family firm members influence the acting of the entrepreneur. The theoretical background is based on two contrasting approaches, the principal-agent approach and the principal-steward approach. We employed the 'diary book method' to identify various interesting results, notably family firms tested positively to exercising the principal-steward approach and the 'diary book method' is an unexpected powerful research tool.

Suggested Citation

  • Sascha Kraus & Stefan Maerk & Mike Peters, 2011. "The influences of family on the everyday business of a family firm entrepreneur," International Journal of Entrepreneurship and Small Business, Inderscience Enterprises Ltd, vol. 12(1), pages 82-100.
    • Handle: RePEc:ids:ijesbu:v:12:y:2011:i:1:p:82-100
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    Citations

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    Cited by:

    1. Ciji Song & Yi Yang & Zengji Song, 2024. "The impact of entrepreneurs’ wives participating in corporate management on company risk-taking," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-10, December.
    2. Brecht, Stacy & Le Loarne-Lemaire, Séverine & Kraus, Sascha & Maalaoui, Adnane, 2023. "The role of time management of female tech entrepreneurs in practice: Diary and interview results from an innovative cluster," Journal of Business Research, Elsevier, vol. 163(C).
    3. Staniewski, Marcin W. & Awruk, Katarzyna & Leonardi, Giuseppe, 2023. "Entrepreneur's Family Communication Questionnaire — Psychometric properties of the tool," Technological Forecasting and Social Change, Elsevier, vol. 190(C).

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