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Understanding Family Businesses

Undiscovered Approaches, Unique Perspectives, and Neglected Topics

  • ALAN CARSRUD
  • Malin Brännback

Part of the International Studies in Entrepreneurship book series (ISEN, volume 15)

Table of contents

  1. Front Matter
    Pages i-xi
  2. Malin Brännback, Alan L. Carsrud
    Pages 27-38
  3. Björn Kjellander, Mattias Nordqvist, Friederike Welter
    Pages 39-53
  4. Richard T. Harrison, Claire M. Leitch
    Pages 133-156
  5. Maija Renko, Ayman El Tarabishy, Alan L. Carsrud, Malin Brännback
    Pages 169-184
  6. Carmen Bianchi, Keanon J. Alderson
    Pages 185-202
  7. Back Matter
    Pages 313-327

About this book

Introduction

Businesses owned and operated by families constitute the vast majority of firms around the world.  These firms are found in all industrial segments, from retail and service establishments to heavy manufacturers. Their sizes and revenues range from the smallest venture of a husband and wife roadside food stall in rural India to the largest multinational, highly diversified corporations in the United States and Europe. Many challenges, such as competition, regulation, environmental concerns, access to capital, and macroeconomic factors confront family and nonfamily firms alike.  In addition, family and closely-held firms grapple with such issues of succession, continuity, conflict resolution, identity and organizational roles, estate and financial planning that are idiosyncratic to them; when psychological, social, and emotional factors are in play, constantly changing familial relationships influence the strategic and financial choices they make.  Yet, there has been comparatively little theoretical or empirical research undertaken on family firms, relative to entrepreneurship and strategic management.

This book addresses gaps in the literature by presenting a holistic, multi-disciplinary approach to the study and practice of family business that draws from such fields as psychology, anthropology, sociology, strategy, family therapy, family studies, wealth management, and international business. An international array of experts addresses both macro issues (including the role of family businesses in new business creation and economic development, influences of culture on family business, public policies that can encourage or threaten family business) and firm management (strategic and financial decision making, governance, entering and exiting).  Featuring case studies from firms in a variety of industries, Understanding Family Businesses not only offers provocative new insights on family business dynamics, but outlines an agenda for future research.  

 

Keywords

Entrepreneurship Family Business Family Psychology Inheritance Strategic management Succession

Editors and affiliations

  • ALAN CARSRUD
    • 1
  • Malin Brännback
    • 2
  1. 1.TORONTOCanada
  2. 2.Dept. Business AdministrationSwedish University AboTurkuFinland

Bibliographic information

  • DOI https://doi.org/10.1007/978-1-4614-0911-3
  • Copyright Information Springer Science+Business Media, LLC 2012
  • Publisher Name Springer, New York, NY
  • eBook Packages Business and Economics
  • Print ISBN 978-1-4614-0910-6
  • Online ISBN 978-1-4614-0911-3
  • Buy this book on publisher's site
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