IDEAS home Printed from https://ideas.repec.org/a/sae/entthe/v33y2009i6p1157-1167.html
   My bibliography  Save this article

Embeddedness Perspectives of Economic Action within Family Firms

Author

Listed:
  • Lloyd P. Steier
  • Jess H. Chua
  • James J. Chrisman

Abstract

Family firms are embedded in social structures that differ substantially from those of nonfamily firms. While these social structures can be sources of strength, they can also lead to dysfunctional consequences. The four papers and three commentaries contained in this special issue on theories of family enterprise deal with the various positive and negative aspects of family involvement in a firm. The purpose of this introduction is to attempt to establish linkages between these papers and to provide further insights on their contributions to knowledge and the directions that future research might take to build upon them.

Suggested Citation

  • Lloyd P. Steier & Jess H. Chua & James J. Chrisman, 2009. "Embeddedness Perspectives of Economic Action within Family Firms," Entrepreneurship Theory and Practice, , vol. 33(6), pages 1157-1167, November.
    • Handle: RePEc:sae:entthe:v:33:y:2009:i:6:p:1157-1167
    DOI: 10.1111/j.1540-6520.2009.00338.x
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1111/j.1540-6520.2009.00338.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1540-6520.2009.00338.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Aldrich, Howard E. & Cliff, Jennifer E., 2003. "The pervasive effects of family on entrepreneurship: toward a family embeddedness perspective," Journal of Business Venturing, Elsevier, vol. 18(5), pages 573-596, September.
    2. Sabine B. Klein, 2008. "Commentary and Extension: Moderating the Outcome of Identity Confirmation in Family Firms," Entrepreneurship Theory and Practice, , vol. 32(6), pages 1083-1088, November.
    3. Michael Carney, 2005. "Corporate Governance and Competitive Advantage in Family–Controlled Firms," Entrepreneurship Theory and Practice, , vol. 29(3), pages 249-265, May.
    4. Jaume Villanueva & Harry J. Sapienza, 2009. "Goal Tolerance, outside Investors, and Family Firm Governance," Entrepreneurship Theory and Practice, , vol. 33(6), pages 1193-1199, November.
    5. Jess H. Chua & James J. Chrisman & Lloyd P. Steier, 2003. "Extending the Theoretical Horizons of Family Business Research," Entrepreneurship Theory and Practice, , vol. 27(4), pages 331-338, October.
    6. James J. Chrisman & Lloyd P. Steier & Jess H. Chua, 2006. "Personalism, Particularism, and the Competitive Behaviors and Advantages of Family Firms: An Introduction," Entrepreneurship Theory and Practice, , vol. 30(6), pages 719-729, November.
    7. Steier, Lloyd, 2003. "Variants of agency contracts in family-financed ventures as a continuum of familial altruistic and market rationalities," Journal of Business Venturing, Elsevier, vol. 18(5), pages 597-618, September.
    8. Susanna Khavul & Garry D. Bruton & Eric Wood, 2009. "Informal Family Business in Africa," Entrepreneurship Theory and Practice, , vol. 33(6), pages 1219-1238, November.
    9. Laurie P. Milton, 2008. "Unleashing the Relationship Power of Family Firms: Identity Confirmation as a Catalyst for Performance," Entrepreneurship Theory and Practice, , vol. 32(6), pages 1063-1081, November.
    10. Garry D. Smith, 2009. "East Africa: Extended Families with Many Rights," Entrepreneurship Theory and Practice, , vol. 33(6), pages 1239-1244, November.
    11. J. Robert Mitchell & Timothy A. Hart & Sorin Valcea & David M. Townsend, 2009. "Becoming the Boss: Discretion and Postsuccession Success in Family Firms," Entrepreneurship Theory and Practice, , vol. 33(6), pages 1201-1218, November.
    12. Lloyd P. Steier & James J. Chrisman & Jess H. Chua, 2004. "Entrepreneurial Management and Governance in Family Firms: An Introduction," Entrepreneurship Theory and Practice, , vol. 28(4), pages 295-303, July.
    13. 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.
    14. Trish Reay, 2009. "Family–Business Meta–Identity, Institutional Pressures, and Ability to Respond to Entrepreneurial Opportunities," Entrepreneurship Theory and Practice, , vol. 33(6), pages 1265-1270, November.
    15. Chamu Sundaramurthy & Glen E. Kreiner, 2008. "Governing by Managing Identity Boundaries: The Case of Family Businesses," Entrepreneurship Theory and Practice, , vol. 32(3), pages 415-436, May.
    16. Randall Morck & Lloyd Steier, 2005. "The Global History of Corporate Governance: An Introduction," NBER Chapters, in: A History of Corporate Governance around the World: Family Business Groups to Professional Managers, pages 1-64, National Bureau of Economic Research, Inc.
    17. James J. Chrisman & Jess H. Chua & Pramodita Sharma, 2005. "Trends and Directions in the Development of a Strategic Management Theory of the Family Firm," Entrepreneurship Theory and Practice, , vol. 29(5), pages 555-575, September.
    18. Pramodita Sharma & P. Gregory Irving, 2005. "Four Bases of Family Business Successor Commitment: Antecedents and Consequences," Entrepreneurship Theory and Practice, , vol. 29(1), pages 13-33, January.
    19. Isabelle Le Breton-Miller & Danny Miller, 2009. "Agency vs. Stewardship in Public Family Firms: A Social Embeddedness Reconciliation," Entrepreneurship Theory and Practice, , vol. 33(6), pages 1169-1191, November.
    20. Miller, Danny & Steier, Lloyd & Le Breton-Miller, Isabelle, 2003. "Lost in time: intergenerational succession, change, and failure in family business," Journal of Business Venturing, Elsevier, vol. 18(4), pages 513-531, July.
    21. Neri Karra & Paul Tracey & Nelson Phillips, 2006. "Altruism and Agency in the Family Firm: Exploring the Role of Family, Kinship, and Ethnicity," Entrepreneurship Theory and Practice, , vol. 30(6), pages 861-877, November.
    22. Pramodita Sharma, 2008. "Commentary: Familiness: Capital Stocks and Flows between Family and Business," Entrepreneurship Theory and Practice, , vol. 32(6), pages 971-977, November.
    23. Randall K. Morck, 2005. "A History of Corporate Governance around the World: Family Business Groups to Professional Managers," NBER Books, National Bureau of Economic Research, Inc, number morc05-1.
    24. 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.
    25. Chrisman, James J. & Chua, Jess H. & Steier, Lloyd P., 2003. "An introduction to theories of family business," Journal of Business Venturing, Elsevier, vol. 18(4), pages 441-448, July.
    26. Habbershon, Timothy G. & Williams, Mary & MacMillan, Ian C., 2003. "A unified systems perspective of family firm performance," Journal of Business Venturing, Elsevier, vol. 18(4), pages 451-465, July.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Randerson, Kathleen & Bettinelli, Cristina & Fayolle, Alain & Anderson, Alistair, 2015. "Family entrepreneurship as a field of research: Exploring its contours and contents," Journal of Family Business Strategy, Elsevier, vol. 6(3), pages 143-154.
    2. 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.
    3. Lee, Soo-Hoon & Phan, Phillip H. & Ding, Hung-bin, 2016. "A theory of family employee involvement during resource paucity," Journal of Family Business Strategy, Elsevier, vol. 7(3), pages 160-166.
    4. 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.
    5. Pieper, Torsten M., 2010. "Non solus: Toward a psychology of family business," Journal of Family Business Strategy, Elsevier, vol. 1(1), pages 26-39, March.
    6. Sherlock, Chelsea & Dibrell, Clay & Memili, Esra, 2023. "The impact of family commitment on firm innovativeness: The mediating role of resource stocks," Journal of Family Business Strategy, Elsevier, vol. 14(3).
    7. Frank, Hermann & Lueger, Manfred & Nosé, Lavinia & Suchy, Daniela, 2010. "The concept of "Familiness": Literature review and systems theory-based reflections," Journal of Family Business Strategy, Elsevier, vol. 1(3), pages 119-130, September.
    8. Basco, Rodrigo, 2013. "The family's effect on family firm performance: A model testing the demographic and essence approaches," Journal of Family Business Strategy, Elsevier, vol. 4(1), pages 42-66.
    9. James J. Chrisman & Lloyd P. Steier & Jess H. Chua, 2008. "Toward a Theoretical Basis for Understanding the Dynamics of Strategic Performance in Family Firms," Entrepreneurship Theory and Practice, , vol. 32(6), pages 935-947, November.
    10. Silvana Signori & Yves Fassin, 2023. "Family Members’ Salience in Family Business: An Identity-Based Stakeholder Approach," Journal of Business Ethics, Springer, vol. 183(1), pages 191-211, February.
    11. Welsh, Dianne H.B. & Memili, Esra & Rosplock, Kirby & Roure, Juan & Segurado, Juan Luis, 2013. "Perceptions of entrepreneurship across generations in family offices: A stewardship theory perspective," Journal of Family Business Strategy, Elsevier, vol. 4(3), pages 213-226.
    12. Kimberly A. Eddleston & James J. Chrisman & Lloyd P. Steier & Jess H. Chua, 2010. "Governance and Trust in Family Firms: An Introduction," Entrepreneurship Theory and Practice, , vol. 34(6), pages 1043-1056, November.
    13. Rajan, Bharath & Salunkhe, Uday & Kumar, V., 2023. "Understanding customer engagement in family firms: A conceptual framework," Journal of Business Research, Elsevier, vol. 154(C).
    14. Zellweger, Thomas M. & Eddleston, Kimberly A. & Kellermanns, Franz W., 2010. "Exploring the concept of familiness: Introducing family firm identity," Journal of Family Business Strategy, Elsevier, vol. 1(1), pages 54-63, March.
    15. James J. Chrisman & Jess H. Chua & Pramodita Sharma, 2005. "Trends and Directions in the Development of a Strategic Management Theory of the Family Firm," Entrepreneurship Theory and Practice, , vol. 29(5), pages 555-575, September.
    16. Thomas M. Zellweger & James J. Chrisman & Jess H. Chua & Lloyd P. Steier, 2019. "Social Structures, Social Relationships, and Family Firms," Entrepreneurship Theory and Practice, , vol. 43(2), pages 207-223, March.
    17. Webb, Justin W. & Ketchen Jr., David J. & Ireland, R. Duane, 2010. "Strategic entrepreneurship within family-controlled firms: Opportunities and challenges," Journal of Family Business Strategy, Elsevier, vol. 1(2), pages 67-77, June.
    18. Llach, Josep & Sanchez-Famoso, Valeriano & Danes, Sharon M., 2023. "Unmasking nonfamily employees’ complex contribution to family business performance: A place identity theory approach," Journal of Family Business Strategy, Elsevier, vol. 14(4).
    19. Rantanen, Noora & Jussila, Iiro, 2011. "F-CPO: A collective psychological ownership approach to capturing realized family influence on business," Journal of Family Business Strategy, Elsevier, vol. 2(3), pages 139-150.
    20. James J. Chrisman & Jess H. Chua & Allison W. Pearson & Tim Barnett, 2012. "Family Involvement, Family Influence, and Family–Centered Non–Economic Goals in Small Firms," Entrepreneurship Theory and Practice, , vol. 36(2), pages 267-293, March.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:entthe:v:33:y:2009:i:6:p:1157-1167. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.