The Adolescence of Family Firm Research: Taking Stock and Planning for the Future

Through its rapid growth during the past decade, family business research has reached its adolescence as a field of study, and family business scholars now regularly contribute interesting and thought-provoking work to top-tier management, entrepreneurship, and finance journals. In this review article, the authors seek to document the growing maturity of family business research and to promote its integration into broader streams of inquiry in the organizational sciences. To do so, the authors describe recent family business research that addresses two fundamental questions: “How do firms differ in terms of their financial performance?” and “How do institutional conditions moderate performance differences between firms?” Based on their review, the authors describe the past and potential future contributions of family business research and conclude that it holds great promise to “give back” and provide meaningful contributions to the general field of management

Business Group Affiliation, Performance, Context, and Strategy: A Meta-analysis

Research on business groups—legally independent firms tied together in various formal and informal ways—is accelerating. Through meta-analytical techniques employed on a database of 141 studies covering 28 different countries, we synthesize this research and extend it by testing several new hypotheses. We find that affiliation diminishes firm performance in general, but also that affiliates are comparatively better off in contexts with underdeveloped financial and labor market institutions. We also trace reduced affiliate performance to specific strategic actions taken at the firm and group levels. Overall, our results indicate that affiliate performance reflects complex processes and motivations

A cross-national study of corporate governance, strategy and firm performance

Using pooled-cross-sectional data spanning the 1985-1990 fiscal years of 1030 firms, this dissertation examines the relationship between ownership concentration, strategy and firm performance within, and across the Canadian, French, German, U.K. and U.S. national contexts

The influence of firm, industry and network on the corporate social performance of Japanese firms

We develop and test the thesis that corporate social performance (CSP) constitutes a socially constructed and shared strategic asset, which is not only influenced by factors specific to a firm, but also by the social performance of firms in its industry and inter-corporate network. Using variance decomposition, we analyze data from 130 large Japanese firms and find that both firm-specific and industry-level factors account for significant variance in CSP, but network-level factors do not. Copyright Springer Science+Business Media, LLC 2007Corporate social performance, Japan, Variance decomposition, Keiretsu , Networks, Industry-effects, Resource based view,

Varieties of Asian capitalism: Toward an institutional theory of Asian enterprise

VoC, Institutions, Co-evolution, Actor-centered theory, Institutional void, Institutional innovation, Institutional escape, Institutional entrepreneurship, Firm strategy,