Recently added articles from Entrepreneurship: Theory and Practice:
Embeddedness perspectives of economic action within family firms.
Nov 01, 2009; ... 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 ...
Agency vs. stewardship in public family firms: a social embeddedness reconciliation.
Nov 01, 2009; ... Family businesses (FBs) play a key role in the world's economies. Unfortunately, the current literature surfaces disparate understandings and conclusions concerning their conduct and performance. Much of that literature falls under two insightful perspectives, agency theory and stewardship ...
Goal tolerance, outside investors, and family firm governance.
Nov 01, 2009; ... Le Breton-Miller and Miller argue that as the family becomes more embedded in the firm, the firm's decision makers become more susceptible to influence by the family, and agency problems rise for outside investors. We contend that the family's embeddedness in the business does not, in ...
Becoming the boss: discretion and postsuccession success in family firms.
Nov 01, 2009; ... Family firms can enjoy substantial Iongevity. Ironically, however, they are often imperiled by the very process that is essential to this Iongevity. Using the concept of managerial discretion as a starting point, we use a human agency lens to introduce the construct of successor discretion ...
Informal family business in Africa.
Nov 01, 2009; ... Employing grounded theory based on comparative case studios of informal microfinanced businesses in East Africa, we build a theoretical foundation for studying the establishment and evolution of family firms in emerging markets. We show that East African entrepreneurs not only use both ...