Family business research in Asia: review and future directions

Fang, Hanqing; Singh, Kulraj; Kim, Taewoo; Marler, Laura E.; Chrisman, James J.

doi:10.1007/s10490-021-09760-2

Cited by 24 publications

(18 citation statements)

References 195 publications

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“…Although most family firms are small (Aldrich & Cliff, 2003), family firms also make up a progressively increasing share of large MNEs, with The Economist (2015) predicting that 40% of large multinationals will be family controlled by 2025. Moreover, in some countries, a small number of families dominates economic activity (Fang, Singh, Kim, Marler, & Chrisman, 2021c;Morck & Yeung, 2004;Morck, Wolfenzon, & Yeung, 2005).…”

Section: The Nature Of Family Firms In the Worldmentioning

confidence: 99%

“…Such policies may inhibit MNEs' ability to maintain their international posture and advance globalization post-pandemic. Desire to preserve heritage assets may lead family firms to avoid attractive international markets seen as risky, and to reject opportunities to obtain outside equity that may be necessary for post-pandemic recovery (Kano et al, 2021b;Fang et al, 2021c). Particularly when heritage assets and locations are involved, bifurcation biased family firms may be reluctant to offshore and outsource operations (Kano & Verbeke, 2018).…”

Section: Bifurcation Bias and Family Firms' Contribution To Post-pand...mentioning

confidence: 99%

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Family-owned multinational enterprises in the post-pandemic global economy

2022

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Contractor (J Int Bus Stud, 2022 ) argues that the COVID-19 pandemic has only accelerated changes in the world economy that had already started, and that the fundamental rationale for globalization remains. Although we agree with much of Contractor's analysis and conclusions, we argue that in the case of large family-owned multinational enterprises (MNEs), international behavior after the pandemic is likely to be varied, reflecting the strategic persistence and the heterogeneity of the goals, governance, and resources of these firms compared to nonfamily firms. We therefore complement Contractor's article by discussing why most large family MNEs will pursue strategies that are consistent with globalization, but some will pursue strategies that move them in the opposite direction.

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Section: The Nature Of Family Firms In the Worldmentioning

confidence: 99%

Section: Bifurcation Bias and Family Firms' Contribution To Post-pand...mentioning

confidence: 99%

Family-owned multinational enterprises in the post-pandemic global economy

2022

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“…The conceptual validity of our theories and research findings in other contexts (e.g., research on entrepreneurship in post-socialist economies) needs to be investigated. For example, Fang et al (2021) recently reviewed the literature on family business in Asia, comparing the findings from that context with studies of family firms in Western economies. While they found a high degree of convergence, there were still numerous areas where the literatures diverge, opening avenues for a variety of interesting studies in the future.…”

Section: Discussionmentioning

confidence: 99%

Knowledge Accumulation in Entrepreneurship

Chrisman

Neubaum

Welter

et al. 2022

Entrepreneurship Theory and Practice

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As the field of entrepreneurship has grown, so has the accumulated knowledge about individual entrepreneurs, entrepreneurial ventures, and the entrepreneurial environment. The purpose of this special issue is to offer a forum for articles that used different approaches to examine the literature for the purpose of accumulating knowledge on various facets of entrepreneurship. We first provide context for the special issue and then attempt to extend the contributions of the eight articles it contains. We conclude by calling for further knowledge accumulation efforts and discussing the kinds of efforts needed to advance the state of knowledge of the field.

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“…Existing literature fails to separate regional and national level of contextual contingencies, which is a hindrance to the understanding of family business ( Fang et al., 2022 ). In order to provide the better of understanding, Fang et al., 2022 suggests that the topics of family compared to non-family, governance, heterogeneity, family system, business ethics, and business behavior should be explored regionally and nationally. This section of literature review attempts to give an overview of the success factors of family businesses that adapt to flourish with innovation through generations.…”

Section: Literature Reviewmentioning

confidence: 99%