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The intertwining of family relationships with business imperatives provides a fascinating but complex arena for study. This Encyclopedia is a valuable resource because family business studies are necessarily multi-disciplinary and wide-ranging, drawing on entrepreneurship, management, governance, economics, ethics, business history, as well as family studies.The Encyclopedia includes contributions from over 60 international experts who provide thoughtful and concise explanations of topics that are vital to understanding family businesses. Together, they explain 115 of the most significant family business topics, including key theories, issues and practices, encompassing a multitude of perspectives on the positive and negative impacts that family ownership and management might have on businesses and society. Comprehensive cross-referencing facilitates a broader understanding of intertwining, overlaps and boundaries between topics.Key Features:Expert contributions from over 60 international family business specialistsNew insights into the complex, multi-disciplinary and wide-ranging world of family businessExpert insights from entrepreneurship, management, governance, economics, ethics, business history and family studiesThe Encyclopedia will be invaluable for anyone seeking clear explanations of family business topics, whether to put into practice, extend understanding or explore issues anew.
Edited by Carole Howorth, Emeritus Professor, School of Business and Society, University of York, UK and Allan Discua Cruz, Senior Lecturer and Director, Centre for Family Business, Department of Entrepreneurship and Strategy, Lancaster University Management School, UK
Contents:Understanding Family BusinessEvidence, Assumptions andQuestions: Introduction to theElgar Encyclopedia of Family Business xvAdvisory Boards 1Tuuli IkäheimonenAgency Theory 4Paul Westhead and Carole HoworthAltruism 6John James Cater IIIBranding 9Nathalie SpielmannBusiness Families 12Marleen DielemanBusiness History 16Andrea ColliCareers 22Elizabeth Tetzlaff and Albert E.JamesCommunication 25Isabel C. Botero and Tomasz A.FediukCommunities of Practice 29Eleanor HamiltonCommunity Engagement 31Kiran TrehanConflict 36Cristina Alvarado and MartinEuwemaConglomerates 42Michael CarneyConsultants and Advisors 45Kavil Ramanachandran andNavneet BhatnagarContingency theory 49Miruna Radu-LefebvreContinuity and Discontinuity inFamily Business 52Andrea KuikenCooperatives 56Elias HadjieliasCo-preneurs 59Denise FletcherCorporate Entrepreneurship 64Mara Brumana and Tommaso MinolaCorporate Governance 69Timothy J. NicholCorporate Responsibility 75Lucrezia SonginiCultural Variation of FamilyBusinesses: Africa 81Henrietta Onwuegbuzie andChiziterem E. IwumuneCultural Variation of FamilyBusinesses: Asia 85Bingbing Ge and Feranita FeranitaCultural Variation of FamilyBusiness: Australasia 89Justin CraigCultural variation of familybusinesses: Central and South America 93Claudio G. MüllerCultural Variation of FamilyBusinesses: Europe 97José C. Casillas-Bueno andAugusto Sequeiros PumarCultural Variation of FamilyBusinesses: North America 102John Rogers and Clay DibrellDeath 105Jarna HeinonenDefinition and Functions ofBusiness-Owning Families 110Sharon M. Danes and RamonaKay ZacharyDefinitions of Family Business 115Vanessa Diaz-Moriana andTeresa HoganDiaspora and Migrant BusinessFamilies 119Maria EloDivorce 125Kajsa Haag and Hanna AlmlöfEducation of Family Members 129Elizabeth BaggerEmbeddedness 133Rodrigo BascoEmotions 136Ethel Brundin and Markus PlateEthics 141Pedro VázquezEthnic Family Business 146Vipin GuptaExit 152Naveed AkhterFamily Business Groups 154Michael CarneyFBN-I: Family BusinessNetwork International 159Jesus Casado and Carole HoworthFamily Entrepreneurial Teams 161Allan Discua CruzFamily Entrepreneurship 165Kathleen RandersonThe Family Firm Institute, FFI 168Judy GreenFamily Governance 169Claudia Binz AstrachanFamily Office 174Chris GravesF-PEC: Family—Power,Experience, and Culture Scale 180Daniel T. Holt and Sadek ShowkatFamily Science 183Deanna L. WilliamsonFamiliness 187M. Katiuska Cabrera-SuárezFarming Families 190Fabio Matuoka MizumotoFinancing the Family Business 194Anneleen Michiels,Emmadonata Carbone, LienVekemans, and Alessandro CirilloGender 200Daniela Gimenez-Jimenez andGiovanna CampopianoGenograms 203Marita RautiainenGoals 207Rodrigo BascoGrowing the Family Firm 210Saisai Wu, Jia Bao and Jess ChuaHabitual, Portfolio and SerialEntrepreneurship 214Allan Discua CruzHeritage 219Fabien PecotHeterogeneity 223Elizabeth Tetzlaff, DiannaDempsey and Albert E. JamesHistory of Family Firm Research 225Joseph H. AstrachanHome-Based Businesses 231Colin M. MasonHuman Resources 234Nava Michael-TsabariIFERA, The InternationalFamily Enterprise Research Academy 238Valentina Re, Isabel Botero,Josip Kotlar and Torsten PieperImprinting 239Eric Clinton and Catherine M.FahertyInformal Institutions 242Rodrigo BascoInheritance Law 245Marcelo Ortiz M.Innovation 248Alfredo De Massis andEmanuela RondiInternationalization 252Andrea CalabròKnowledge Management 254M. Katiuska Cabrera-SuárezLeadership 258Preman Chandranathan, ClaireM. Leitch and Dermot O’ReillyLegacy 263Daniel T. Holt and Juliana M.BinhoteLong-Term Orientation 265G.T. Lumpkin, Keith Brighamand Eduardo MeléndezManagement Buyouts of Family Firms 268Carole HoworthManagers in Family Businesses 271Keanon Jay AldersonMarketing 274Nathalie SpielmannMergers and Acquisitions 277Florian Bauer and Olimpia MeglioMyths 279Vanessa Diaz-Moriana andTeresa HoganNarratives 282G. Tyge Payne and Jeremy C. ShortNepotism 287Cristina CruzNetworks 289Sarah L. Jack and ParaskeviDimakouNext Generation 293Marcela Ramírez-Pasillas andHans LundbergNon-Family Employees 298Elizabeth Tetzlaff and Albert E.JamesOwnership 301Lorraine M. UhlanerParadoxes 305Amaia MasedaPatriarchy 309Patricio DuranPerformance 311Jan-Philipp AhrensPhilanthropy 316Neus Feliu Costa and Rania LabakiPrimogeniture 322Daniel PittinoPrivate Equity 324Louise ScholesProfessional Associations 329Maria Jose Parada, AlbertoJimeno and Lina EzeProfessionalisation 332Navneet Bhatnagar and KavilRamachandranPruning the Family Tree 338Carole HoworthPsychological Ownership 340Fabian BernhardPsychological Safety 342Elias HadjieliasPsychology of the Business Family 345Arist von SchlippeReligion 353Amanda Lawson and Brett SmithReputation 360Isabel C. Botero, Sonia M.Strano and Tomasz A. FediukResilience 364Mathew (Mat) HughesRetirement 367Mariana Estrada-Robles andAlex KevillSelling the Family Business 370Carole HoworthSocial Capital 375Paul Sanchez-Ruiz, BriannaElizondo and Joshua J. DaspitSocialisation 379Mary BarrettSocioemotional Wealth 385Daniel T. Holt and KirstenBrøndsted BullockSTEP, Society of Trust andEstate Practitioners 388Carole HoworthSTEP Project Global Consortium 389Andrea CalabròStewardship Theory 391James H. DavisStrategic Renewal 396Timo PihkalaSuccession 399Alexandra DawsonSuccession Planning 403Alexandra DawsonSustainability 406Pramodita Sharma and SanjaySharmaSystems Theory 412Theresa Arnold, Heiko Kleveand Torsten M. PieperTheories in Family Firm Research 417James J. Chrisman, Hanqing“Chevy” Fang and Lloyd P. SteierThree Circle Model 423Judith van Helvert-Beugels andJelle WestrikTransgenerational Entrepreneurship 427Matt AllenTrusts 430Carole HoworthValues 432Maria Jose ParadaWidowhood 435Jarna HeinonenWomen 439Giovanna Campopiano
‘This Elgar Encyclopedia is a must have on the bookshelf of family business experts. Besides thoroughly covering all foundational issues, it offers an intellectually challenging and encompassing view on family firms grounded in their heterogeneity and in the emergence of several novel phenomena that are deeply affecting these fascinating organizations.’