In search of future alternatives for family business: Family law contributions through Civil and Common Law comparison

Barrédy, Céline

doi:10.1016/j.futures.2015.09.005

Cited by 14 publications

(19 citation statements)

References 33 publications

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“…Family business groups are typically structures wherein multigenerational families with shared holdings across a portfolio of multiple strategically interrelated firms are organized within a pyramidal structure (Morck and Yeung ). While these structures are somewhat common around the world, they are a rarity among publicly traded U.S.‐based firms owing to a variety of regulatory restrictions regarding voting blocs (Barrédy ). However, while large pyramidal family business groups may not be common in the United States, similar structures exist at a smaller scale with successful business families often owning interests in numerous interrelated SMEs (Plate, Schiede, and von Schlippe ; Rautiainen, Pihkala, and Ikavalko ; Sieger et al ).…”

Section: A Typology Of Ce Orientations In Family Firmsmentioning

confidence: 99%

Toward a Typology of Family Firm Corporate Entrepreneurship

Randolph

Daspit

2017

Journal of Small Business Management

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Family involvement in business creates idiosyncrasies in firm behavior that promote long‐term, often transgenerational, strategic logics that ostensibly align with the motivations and outcomes of corporate entrepreneurship. Interestingly, extant research provides only minimal insight into the heterogeneous nature of corporate entrepreneurship orientations pursued by family firms. To better understand this heterogeneity, we bridge arguments within the family business literature to develop a typology of corporate entrepreneurship in family firms. Our findings provide a reconciliatory approach to this literary diversity and suggest that the varied corporate entrepreneurship orientations of family firms are impacted by the duality of a family's distinct intention to pursue transgenerational succession and the firm's unique capabilities to acquire external knowledge—calling into question the antecedents, modes, and outcomes underlying the strategic impetus of family firms to engage in corporate entrepreneurship.

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Section: A Typology Of Ce Orientations In Family Firmsmentioning

confidence: 99%

Toward a Typology of Family Firm Corporate Entrepreneurship

Randolph

Daspit

2017

Journal of Small Business Management

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“…Existing literature shows that the characteristics of the legal system influence family firms’ choices, behaviors, and performance (Barrédy ; Dow and McGuire ; Jiang and Peng ). Common law legal systems, for example, are more flexible in defining the boundaries of the family compared to civil law ones in which, instead, family members run the risk to be trapped in ownership (Barrédy ). This may alter the effect of ownership development on family firms’ strategic choices.…”

Section: Theoretical Development and Propositionsmentioning

confidence: 99%

“…For the same reason, in family firms, as the ownership structure becomes more complex (later stages of ownership development), potential rivalries among different family branches, and the related decrease in stewardship attitudes will be mitigated in common law legal systems by the certainty of a legal protection toward expropriation granted to investors (Barrédy ). All other things being equal, the fact that the family business is subject to a common rather than civil law legal system will influence the level of stewardship attitudes within the firm thus influencing the choices made along the ICV process.…”

Section: Theoretical Development and Propositionsmentioning

confidence: 99%

“…Particularly, family‐CEO tenure and external board members provide a quite comprehensive picture of a family firm's governance (Le Breton‐Miller, Miller, and Bares ; Sciascia and Bettinelli ). Moreover, the national legal system (common vs. civil law) has been recently indicated as an important source of family business heterogeneity and entrepreneurial conduct (Barrédy ; Dow and McGuire ; Jiang and Peng ).…”

Section: Introductionmentioning

confidence: 99%

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How Do Family Firms Launch New Businesses? A Developmental Perspective on Internal Corporate Venturing in Family Business

Brumana

Minola

Garrett

et al. 2017

Journal of Small Business Management

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This conceptual work depicts internal corporate venturing in family business as consisting of two separate and sequential strategic choices: first, the decision about the degree of relatedness between the parent firm and the venture; second, the definition of the level of venture autonomy. Drawing on stewardship theory, we argue that family business dynamics, and in particular the development of the ownership structure, influence how family firms pursue internal corporate venturing and make decisions related to such two steps. We also discuss the contingent effect of corporate governance characteristics and of the national legal system.

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“…Moreover, departing the family business literature (Brundin and Wigren-Kristoferson, 2013;Chua et al 1999;Sharma, 2004) which views family business as a solely formal business entity, where the focus is on how the family influences the business (Leaptrott, 2005) we develop a contextualised perspective focusing on enterprising business families in which business activity may exist informally. Such a focus can enrich understanding of the linkages between family entrepreneurship (Bettinelli et al 2015;Randerson et al, 2015;2016;Seaman et al, 2015) and manifestations of informality (Webb et al, 2013).…”

Section: Introductionmentioning

confidence: 99%

Where less is more: institutional voids and business families in Sub-Saharan Africa

Murithi

Vershinina

Rodgers

2019

IJEBR

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Where less is more: Institutional Voids and Family Entrepreneurship in Sub-SaharanAfrica Abstract Purpose-The article offers a conceptual interpretation of the role business families plays in the institutional context of sub-Saharan Africa, characterised by voids within the formal institutional setting. Responding to calls to take a holistic perspective of the institutional environment, we develop a conceptual model, showcasing the emergence of relational familial logics within business families that enable these enterprising organisations to navigate the political, economic and socio-cultural terrain of this institutional context. Design/methodology/approach-We undertake a review of extant literature on institutional theory, institutional voids, family business and business families and examine the relevance of these theoretical constructs in relation to the institutional environment of Sub-Saharan Africa.We offer tentative propositions within our conceptualisation, which we discuss in an inductive fashion. Findings-The review underlines the relevance of informal political, economic and socio-cultural institutions within the sub-Saharan context, within which the family as an institution drives business families engagement in institutional entrepreneurship. In doing so, we argue business families are best positioned to navigate the existing Sub-Saharan African institutional context.We underline the critical relevance of the embeddedness of social relationships that underpin relational familial logic within the sub-Saharan African collectivist socio-cultural system. Originality/Value-By challenging the assumptions that institutional voids are empty spaces devoid of institutions, we offer an alternative view that institutional voids are spaces where there exists a misalignment of formal and informal institutions. We argue that in such contexts within Sub-Saharan Africa, business families are best placed to harness their embeddedness within extended family and community for entrepreneurial activity. We argue that family and business logics may complement each other rather than compete. The discussions and propositions have 2 | P a g e implications for future research on business families and more inclusive forms of family organisations.

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In search of future alternatives for family business: Family law contributions through Civil and Common Law comparison

Cited by 14 publications

References 33 publications

Toward a Typology of Family Firm Corporate Entrepreneurship

Toward a Typology of Family Firm Corporate Entrepreneurship

How Do Family Firms Launch New Businesses? A Developmental Perspective on Internal Corporate Venturing in Family Business

Where less is more: institutional voids and business families in Sub-Saharan Africa

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