Skip to main content
SpringerLink
Log in

What is the Contribution of the ‘Family’ to the Modern Business

  • Chapter
The Modern Family Business

  • 338 Accesses

Abstract

The fifth annual 2009 Top Track 250 league table supplement, which was published in The Sunday Times on 11 October 2009, listed Britain’s leading mid-market private companies. The rankings are calculated based on sales in their latest available audited accounts and in this list the sales ranged from £153m to £592m. Of these 250 private companies, 94 were listed as being family owned, meaning that the majority shareholders were individuals within a family unit. Almost one-third of UK employees work in family-owned enterprises — which account for 65 per cent of all UK businesses and contribute to 40.7 per cent of GDP. They enjoy more individualistic employment terms compared to non-family firms, which is viewed as a positive counterbalance to the generally more rigid UK employment structures (Family Firms Institute, 2011). Around 10 per cent of total UK tax revenue is paid for by family businesses. Of the family firms that face succession over the next five years, 44 per cent are expected to retain control by the current ownerfamily (The Pricewaterhouse Coopers Family Business Survey, 2007–2008.)

The history of modern societies from the inception of the industrial era has evidenced an ever-widening intervention of the state into the ‘sacred’ precincts of family life. Superficially, at least, it would appear that the freedom of the family as a social unit has become more and more encumbered by public regulation and by the state. However, while such a conclusion may be warranted, it cannot be validly asserted without a more thorough examination of the general nature of social control of the family, the changing structure and function of family life, the specific nature of state action, and the consequences for the family life of public policy.

(Samuel Mencher, 1967: 164)

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Log in via an institution
Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 84.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 109.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 109.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  • Abaya, Carol (2011) http://www.thesandwichgeneration.com/, latest date accessed 01.03.2012.

  • Aldrich, H. E. and Cliff, J. E. (2003) ‘The Pervasive Effects of Family on Entrepreneurship: Toward a Family Embeddedness Perspective’. Journal of Business Venturing, 18(5): 573–578.

    Article  Google Scholar 

  • Aryee, S., Fields, D. and Luk, V. (1999) ‘A Cross-Cultural Test of a Model of the Work–Family Interface’. Journal of Management, 25: 491–511.

    Article  Google Scholar 

  • Aryee, S., Srinivas, E. S. and Tan, Hwee Hoon (2005) ‘Rhythms of Life: Antecedents and Outcomes of Work–Family Balance in Employed Parents’. Journal of Applied Psychology, 90(1): 132–146. DOI: 10.1037/0021-9010.90.1.132.

    Article  Google Scholar 

  • Barney, J. (1991) Firm resources and sustained competitive advantage. Journal of Management, 17(1): 99–120.

    Article  Google Scholar 

  • Barney, J. (2002) Gaining and sustaining competitive advantage. 2nd Ed. Upper Saddle River, NJ: Prentice Hall.

    Google Scholar 

  • Barney, J. B. and Hansen, M. H. (1994) Trustworthiness as a source of competitive advantage. Strategic Management Journal, 15: 175–190.

    Article  Google Scholar 

  • Beauregard, T. Alexandra, Ozbilgin, Mustafa and Bell, Myrtle P. (2009) ‘Revisiting the Social Construction of Family in the Context of Work’. Journal of Managerial Psychology, 24(1): 46–65. ISSN 0268–3946

    Article  Google Scholar 

  • Bellet, W., Dunn, B., Heck, R. K. Z., Parady, P. and Powell, J. (1995) ‘Family Business as a Field of Study’. Available at http://nmq.com/fambiznc/cntprovs/orgs/cornell/articles/real/ifbpa.htm, last date accessed 05.11.2010.

    Google Scholar 

  • Benedict, B. (1968) ‘Family Firms and Economic Development’. Southwestern Journal of Anthropology, 24(1): 1–19.

    Article  Google Scholar 

  • Bennett, J. W. and Despres, L. A. (1998) Kinship and instrumental activities. In J. W. Bennett (ed.), Classic anthropology: Critical essays: 1944–1996, 199–217 (originally 1960; Epilogue 1996). New Brunswick, NJ: Transaction Publishers.

    Google Scholar 

  • Bengtson, V. L. (2001) ‘Beyond the Nuclear Family: The Increasing Importance of Multigenerational Bonds’. Journal of Marriage and Family, 63(1): 20–31. DOI:10.1111/j.1741-3737.2001.00001.x.

    Article  Google Scholar 

  • Bengtson, Vern L., Rosenthal, C. and Burton, L. (1995) ‘Paradoxes of Families and Aging’. In Robert Binstock and Linda George (eds), Handbook of Aging and the Social Sciences (pp. 234–259). New York: Academic Press.

    Google Scholar 

  • Birley, S., Ng, D. and Godfrey, A. (1999) ‘The Family and the Business’. Long Range Planning, 32(6): 598–608.

    Article  Google Scholar 

  • Birley, S. and Westhead, P. (1994) ‘A Taxonomy of Business Start-Up Reasons and Their Impact on Firm Growth and Size’. Journal of Business Venturing, 9(1): 7–31.

    Article  Google Scholar 

  • Bogan, E. C. (1991) ‘Economics of the Wider Family’. In T. Marciano and M. Sussman (eds), Wider Families: New Traditional Family Forms (pp. 9–27). New York: Harworth.

    Google Scholar 

  • Bosma, N., Acs, Z. J., Erkko, Autio, Coduras, A. and Levie, J. (2008) ‘Global Entrepreneurship Monitor, Executive Report 2008’. Available at http://www.gemconsortium.org/download/1312547916148/GEM_Global_08.pdf, date accessed 12 May 2011.

    Google Scholar 

  • Bloch, M. (1971) ‘The Moral and Tactical Meaning of Kinship Terms’. Man (N.S.), 6: 79–87

    Article  Google Scholar 

  • Bloch, M. (1973) ‘The Long Term and the Short Term: The Economic and Political Significance of the Morality of Kinship’. In J. Goody (ed.), The Character of Kinship (pp. 75–87). London: Cambridge University Press.

    Google Scholar 

  • Blim, M. L. (1990) Made in Italy: Small-scale industrialization and its consequences. New York: Praeger.

    Google Scholar 

  • Bruun, O. (1993) Business and bureaucracy in a Chinese city: An ethnography of private business households in contemporary China. Berkeley: Institute of East Asian Studies, University of California-Berkeley.

    Google Scholar 

  • Bromiley, P. and Papenhausen, C. (2003) ‘Assumptions of rationality and equilibrium in strategy research: The limits of traditional economic analysis’. Strategic Organization, 1(4): 413–437.

    Article  Google Scholar 

  • Chiu, C. C. H. (1998) Wives’ voices: Unequal reward distribution in small family businesses. Southeast Asian Journal of Social Science, 26: 33–44.

    Article  Google Scholar 

  • Clarke, E., Preston, M., Raksin, J., and Bengtson, V. L. (1999) Types of conflicts and tensions between older parents and adult children. Gerontologist, 39: 261–270.

    Article  Google Scholar 

  • Clarke, E., Preston, M., Raksin, J., and Bengtson, V. L. (1999) Types of conflicts and tensions between older parents and adult children. Gerontologist, 39: 261–270.

    Article  Google Scholar 

  • Cole, P. M. (1991) Dual relationships in family business: The struggles and the solutions.Unpublished manuscript, Nova University, School of Social and SystemicStudies, Fort Lauderdale, FL.

    Google Scholar 

  • Coontz, S. (1991) The Way We Never Were. New York: Basic Books.

    Google Scholar 

  • Coontz, S. (2000) ‘Historical Perspectives on Family Studies’. Journal of Marriage and Family 62(2, May): 283–297. Published by: National Council on Family Relations. Available at: http://www.jstor.org/stable/1566740, last date accessed 01.03.2012.

    Article  Google Scholar 

  • Constantine, L. L. (1986) Family Paradigms: The Practice of Theory in Family Therapy. Guilford Press: New York.

    Google Scholar 

  • Danes, S. M., Stafford, K., Haynes, G. and Amarapurkar, S. (2009) ‘Family Capital of Family Firms: Bridging Human, Social, and Financial Capital’. Family Business Review, 22(3): 199–215.

    Article  Google Scholar 

  • Davis, J., Schoorman, D. F. and Donaldson, L. (1997) ‘Toward a stewardship theory of management’. Academy of Management Review, 22: 20–47.

    Google Scholar 

  • Davis, J., Schoorman, R., Mayer, R. and Tan, H. (2000) ‘The trusted general manager and business unit performance’. Strategic Management Journal, 21: 563–576.

    Article  Google Scholar 

  • de Lima, A. P. (2000) Is blood thicker than economic interest in familial enterprises? In P. P. Schweitzer (ed.), Dividends of kinship: Meanings and uses of social relatedness, 151–176. London: Routledge.

    Chapter  Google Scholar 

  • Dhaliwal, S. (1998) Silent contributors: Asian female entrepreneurs and women in business. Women’s Studies International Forum, 21: 463–474.

    Article  Google Scholar 

  • Donaldson, L. and Davis, J. H. (1991) ‘Stewardship theory or agency theory: CEO governance and shareholder returns’. Australian Journal of Management, 16: 49–64.

    Article  Google Scholar 

  • Eby, L., Casper, W., Lockwood, A., Bordeaux, C. and Brinley, A. (2005) ‘Work and Family Research in IO/OB: Content Analysis and Review of the Literature (1980–2000)’. Journal of Vocational Behavior, 66: 124–197. Family Firms Institute (2011) http://www.ffi.org/default.asp?id=398, date accessed 3 May 2011).

    Article  Google Scholar 

  • Fields, Jason (2003) ‘Children’s Living Arrangement and Characteristics: March 2002’. Demographic Patterns. Current Population reports. Available at: http://www.usinfo.org/enus/life/people/docs/p20-547.pdf, date accessed 12 May 2011.

  • Finch, J. (1994) Do families support each other more or less than in the past? In M. Drake (ed.), Time, family and community: Perspectives on community history. Oxford, UK: Blackwell.

    Google Scholar 

  • Fisher, I. (1998) Families provide medical care, tubes and all. The New York times. p.A1, June 7th.

    Google Scholar 

  • Flemons, D. G. and Cole, P. M. (1992) ‘Connecting and Separating Family and Business: A Relational Approach to Consultation’. Family Business Review, 5(3): 257–270.

    Article  Google Scholar 

  • Flemons, D. G. and Cole, P. M. (1994) ‘Playing with Contextual Complexity: Relational Consultation to Family Businesses’. Transitioning: Individual to Family Counseling Monograph. Alexandria, VA: American Counseling Association Press.

    Google Scholar 

  • Freudenberger, H. J., Freedheim, D. K. and Kurtz, T. S. (1989) ‘Treatment of Individuals in Family Business’. Psychotherapy, 26(1): 47–53.

    Article  Google Scholar 

  • Fox, M. A. and Hamilton, R. T. (1994) ‘Ownership and diversification: Agency theory or steward-ship theory’. Journal of Management Studies, 31: 69–81.

    Article  Google Scholar 

  • Gartner, W. B. (2001) ‘Is There an Elephant in Entrepreneurship? Blind Assumptions in Theory Development’. Entrepreneurship Theory and Practice, 25: 27–39.

    Google Scholar 

  • GEEF (2010) http://www.efb-geef.eu/documents/docs/2010.6.11.Leaflet.pdf, last date accessed 01.03.2012

    Google Scholar 

  • Gillis-Donovan, J. and Moynihan-Bradt, C. (1990) ‘The Power of Invisible Women in the Family Business’. Family Business Review, 3(2): 153–167.

    Article  Google Scholar 

  • Goody, J. (1996) The East in the West. Cambridge, UK: Cambridge University Press.

    Book  Google Scholar 

  • Granovetter, M. (1985) ‘Economic Action and Social Structure: The Problem of Embeddedness’. American Journal of Sociology, 91: 481–510.

    Article  Google Scholar 

  • Grant, R. M. (1996) Toward a knowledge-based theory of the firm. Strategic Management Journal, Winter Special Issue 17: 109–122.

    Article  Google Scholar 

  • Greenhalgh, S. (1989) ‘Land Reform and Family Entrepreneurship in East Asia’. Population and Development Review, 15 (Issue Supplement: Rural Development and Population: Institutions and Policy): 77–118.

    Article  Google Scholar 

  • Greenhalgh, S. (1994) ‘ De-Orientalizing the Chinese Family Firm’. American Ethnologist, 21(4): 746–775.

    Article  Google Scholar 

  • Hamel, Gary and Prahalad, C. K. (1994) Competing for the Future. Boston, MA: Harvard Business School Press.

    Google Scholar 

  • Harrell, S. (1993) ‘Geography, Demography, and Family Composition in Three Southwestern Villages’. In D. Davis and S. Harrell (eds), Chinese Families in the Post-Mao Era (pp. 77–102). Berkeley: University of California Press.

    Google Scholar 

  • Hart, K. (1975) ‘Swindler or Public Benefactor? The Entrepreneur in His Community’. In J. Goody (ed.), Changing Social Structure in Ghana (pp. 1–35). London: International African Institute.

    Google Scholar 

  • Heck, R. K. Z., Hoy, F., Poutziouris, P. Z. and Steier, L. P. (2008) Emerging Paths of family entrepreneurship research, Journal of Small Business Management, 46(3): 317–330.

    Article  Google Scholar 

  • Helfat, C. E. and Peteraf, M. A. (2003) The Dynamic Resource-Based View: Capabilities Lifecycles. Strategic Manaegment Journal, 24: 997–1010.

    Article  Google Scholar 

  • Hollander, B. S. and Bukowitz, W. R. (1990) ‘Women, Family Cultures, and Family Business’. Family Business Review, 3(2): 139–151.

    Article  Google Scholar 

  • Jackson, D. D. (1965) ‘The Study of the Family’. Family Process, 4(1): 1–20. Available at http://dx.doi.org/10.1111/j.1545-5300.1965.00001.x. DOI: 10.1111/j.1545-5300.1965.00001.x.

    Article  Google Scholar 

  • Jaffee, D. T. (1990) Working with the Ones You Love: Conflict Resolution and Problem Solving Strategies for a Successful Family Business. Berkeley: Conari Press.

    Google Scholar 

  • James, G. (1999) A Survival Course for the Sanwich Generation, printed in New York Times, Sunday January 17th 1999.

    Google Scholar 

  • Kaye, K. (1991) ‘Penetrating the Cycle of Sustained Conflict’. Family Business Review, 4(1): 21–44. Available at http://dx.doi.org/10.1111/j.1741-6248.1991.00021.x. DOI:10.1111/j.1741-6248.1991.00021.x last date accessed 01.03.2012.

    Article  Google Scholar 

  • Kets de Vries, M. (1993) ‘The Dynamics of Family Controlled Firms: The Good News and the Bad News’. Organizational Dynamics, 21 (Winter): 59–71.

    Article  Google Scholar 

  • Kraaijenbrink, J., Spender, J. C. and Groen, A. J. (2010) The Resource-Based View: A Review and Assessment of its Critiques, Journal of Management, 36(1): 349–372.

    Article  Google Scholar 

  • Landsberg, Ivan (1983) ‘Managing Human Resources in Family Firms: The Problem of Institutional Overlap’. Organizational Dynamics, Summer.

    Google Scholar 

  • Learned, K. E. (1995) ‘The Creation of Firm Resources: A Native Ethnography’. Unpublished doctoral dissertation, Texas Tech University, Texas.

    Google Scholar 

  • Leiblein, M. J. (2003) The choice of organizational governance form and performance: Predictions from transaction cost, resource-based, and real options theories. Journal of Management, 29(6): 937.

    Article  Google Scholar 

  • Leonard, Diana (1981) Sex and Generation. London: Tavistock.

    Google Scholar 

  • Levande, D. I., Herrick, J. M. and Sung, K. T. (2000) ‘Eldercare in the United States and South Korea: Balancing Family and Community Support’. Journal of Family Issues, 21(5): 632–651.

    Article  Google Scholar 

  • Leyton, E. (1970) Composite descent groups in Canada. In C. C. Harris (ed.), Readings in Kinship in Urban Society, 179–186. Oxford, UK: Pergamon.

    Google Scholar 

  • Leach, P. and Bogod, T. (1999) Family Business (3rd edn). Kogan Page: London.

    Google Scholar 

  • Lomnitz, L. A. and Pé rez-Lizaur, M. (1987) A Mexican Elite Family, 1820–1980: Kinship, Class, and Culture. Princeton, NJ: Princeton University Press.

    Google Scholar 

  • Long, N. (1979) Multiple enterprise in the central highlands of Peru. In S. M. Greenfield, A. Strickon and R. T. Aubey (eds.), Entrepreneurs in cultural context, 123–158. Albuquerque: University of New Mexico Press.

    Google Scholar 

  • Mahoney, J. T. (1995) The management of resources and the resource of management. Journal of Business Research, 33: 91–101.

    Article  Google Scholar 

  • Malinen, P. (2004) ‘Problems in Transfer of Business Experience by Finnish Entrepreneurs’. Journal of Small Business and Enterprise Development, 11(1).

    Google Scholar 

  • Mandelbaum, L. (1994) ‘Small Business Succession: The Educational Potential’. Family Business Review, 11(1): 369–375. DOI:10.1111/j.1741-6248.1994.00369.x.

    Article  Google Scholar 

  • Marciano, T. D. and Sussman, M. B. (1991) ‘Wider Families: An Overview’. In Teresa D. Marciano and Marvin B. Sussman (eds), Wider Families: New Traditional Family Forms. The Howarth Press. Binghamton, NY.

    Google Scholar 

  • Marcus, G. E. and Hall, P. D. (1992) Lives in Trust: The Fortunes of Dynastic Families in Late Twentieth-Century America. Boulder, CO: Westview.

    Google Scholar 

  • Mattessich, P. and Hill, R. (1976) ‘Family Enterprises and Societal Development: A Theoretical Assessment’. Journal of Comparative Family Studies, 7(2): 147–158.

    Google Scholar 

  • Mencher, S. (1967) ‘Social Authority and the Family’. Journal of Marriage and Family, 29(1), Government Programs and the Family (Feb): 164–192. Published by: National Council on Family Relations. Available at: http://www.jstor.org/stable/349672 last date accessed 01.03.2012.Mengzi. 4th c. B. C. (1970) Mencius (D. C. Lau, Trans.). Harmondsworth, UK:Penguin.

    Article  Google Scholar 

  • Miller, D. and Le Breton-Miller, I. (2005) Managing for the long run: Lessons in competitive advantage from great family businesses. Boston, MA: Harvard Business School Press.

    Google Scholar 

  • Morgaine, C. (2001) ‘Family Systems Theory’. Available at http://web.pdx.edu/~cbcm/CFS410U/FamilySystemsTheory.pdf, dates accessed 10 May 2011.

  • Nafziger, E. W. (1969) ‘The Effect of the Nigerian Extended Family on Entrepreneurship’. Economic Development and Cultural Change, 18: 25–33.

    Article  Google Scholar 

  • Olson, P. D., Zuiker, V. S. Danes, S. M. Stafford, K. Heck, R. K. Z. and Duncan, K. A. (2003) Impact of family and business on family business sustainability, Journal of Business Venturing, 18(5): 639–666.

    Article  Google Scholar 

  • Oxfeld, E. (1993) Blood, sweat, and mahjong: Family and enterprise in an overseas Chinese community. Ithaca, NY: Cornell University Press.

    Google Scholar 

  • Özbilgin, M. F. and Woodward, D. (2003) Banking and Gender: Sex Equality in the Financial Services Sector in Britain and Turkey. London: IB Tauris.

    Google Scholar 

  • Parsons, Talcott (1951) The Social System. New York: The Free Press.

    Google Scholar 

  • Pérez-Lizaur, M. (1997) The Mexican family enterprise faces the open market. Organization, 4: 535–551.

    Article  Google Scholar 

  • Polanyi, K. (1957) The great transformation: The political and economic origins of pur time. Boston: Beacon.

    Google Scholar 

  • Ram, M. and Holliday, R. (1993) Relative merits: Family culture and kinship in small firms. Sociology, 27(4): 629–648.

    Article  Google Scholar 

  • Rosenblatt, P. C., de Mik, L., Anderson, R. M. and Johnson, P. A. (1985) The Family in Business. San Francisco: Jossey-Bass.

    Google Scholar 

  • Rothausen-Vange, T. (2005) ‘Family Diversity: Basic Concepts and Definitions’ .Available at http://wfnetwork.bc.edu/encyclopedia_entry.php?id=1138, date accessed May 2011.

    Google Scholar 

  • Rumelt, R. P. (1987) ‘Theory, Strategy, and Entrepreneurship’. In D. J. Teece (ed.), The Competitive Challenge (pp. 137–158). Cambridge, MA: Ballinger.

    Google Scholar 

  • Salganicoff, M. (1990) ‘Women in Family Business: Challenges and Opportunities’. Family Business Review, 3(2): 125–138.

    Article  Google Scholar 

  • Schneider, J. and Schneider, P. (1976) Culture and political economy in Western Sicily. New York: Academic.

    Google Scholar 

  • Schumpeter, J. A. (1950) Capitalism, Socialism, and Democracy. (New York) Harper & Row.

    Google Scholar 

  • Schumpeter, J. A. (1934) The Theory of Economic Development, Cambridge, Mass.: Harvard University Press (originally published in German in 1911; reprinted by Transaction Publishers, New Brunswick, New Jersey in 1997).

    Google Scholar 

  • Shanker, M. C. and Astrachan, J. H. (1996) ‘Myths and Realities: Family Businesses’ Contribution to the US Economy’. Family Business Review, 9(2): 107–119.

    Article  Google Scholar 

  • Shore, R. (1998) Ahead of the curve: Why America’s leading employers are addressing the needs of new and expectant parents. New York: Families and Work Institute.

    Google Scholar 

  • Song, M. (1999) Helping Out: Children’s Labor in Ethnic Businesses. Philadelphia: Temple University Press.

    Google Scholar 

  • Steier, L. (2001) ‘ Next-Generation Entrepreneurs and Succession: An Exploratory Study of Modes and Means of Managing Social Capital’. Family Business Review, 14: 259–276.

    Article  Google Scholar 

  • Stewart, A. (1989) Team entrepreneurship. Newbury Park, CA: Sage.

    Google Scholar 

  • Stewart, A. (1990) The Bigman metaphor for entrepreneurship: A “library tale” with morals on alternatives for further research. Organization Science, 1: 143–159.

    Article  Google Scholar 

  • Strathern, M. (1985) Kinship and economy: Constitutive orders of a provisional kind. American Ethnologist, 12: 191–209.

    Article  Google Scholar 

  • Strathern, A. J. (1971) The rope of Moka: Big-men and ceremonial exchange in Mount Hagen, New Guinea. Cambridge, UK: Cambridge University Press. pp. 196–197.

    Book  Google Scholar 

  • Teece, D. J., Pisano, G. and Shuen, A. (1997) Dynamic capabilities and strategic management. Strategic Management Journal, 18(7): 509–533.

    Article  Google Scholar 

  • Voyandoff, P. (1988) ‘Work and Family: A Review and Expanded Conceptualisation’. Journal of Science Behavior and Personality, 3: 1–22.

    Google Scholar 

  • Voyandoff, P. (2005) ‘Towards a Conceptualisation of Perceived Work-Family Fit and Balance: A Demands and Resources Approach’. Journal of Marriage and Family, 67: 822–836.

    Article  Google Scholar 

  • Wall, K. and Jose, J. S. (2004) ‘Managing Work and Care: A Difficult Challenge for Immigrant Families’. Social Policy and Administration, 38(6): 591–621.

    Article  Google Scholar 

  • Watson, R. S. (1985) Inequality among brothers: Class and kinship in South China. Cambridge: Cambridge University Press.

    Book  Google Scholar 

  • Weber, M., Giddens, A. and Parsons, T. (2001) Weber: The Protestant Ethic and the Spirit of Capitalism, Routledge, London.

    Google Scholar 

  • Weeks, J., Heaphy, B. and Donovan, C. (2001) Same Sex Intimacies: Families of Choice and Other Life Experiments. London: Routledge.

    Book  Google Scholar 

  • Westhead, P. (2003) ‘Company Performance and Objectives Reported by First and Multi-Generation Family Companies: A Research Note’. Journal of Small Business and Enterprise Development, 10(1): 93–105

    Article  Google Scholar 

  • Online Resources: (Groupement Européen des Entreprises Familiales)(www.geef.org, date accessed 21 April 2011). (http://www.thesandwichgeneration.com/, date accessed 21 April 2011) (http://sociology.berkeley.edu/profiles/fligstein/pdf/fieldspower.pdf, date accessed 20 April 2011). http://ec.europa.eu/enterprise/entrepreneurship/craft/family_business/family_business_en.htm#Expert_Group (http://ec.europa.eu/enterprise/entrepreneurship/craft/taxation/taxation_en.htm, date accessed 12 June 2010).

  • Wong, S. L. (1988) Emigrant entrepreneurs: Shanghai industrialists in Hong Kong. Hong Kong: Oxford University Press.

    Google Scholar 

  • Whyte, M. K. (1996) ‘The Chinese family and economic development: Obstacle or engine?’ Economic Development and Cultural Change, 44: 1–30.

    Article  Google Scholar 

Download references

Authors
  1. Lorna Collins
    View author publications

    You can also search for this author in PubMed Google Scholar

Copyright information

© 2012 Lorna Collins, Louise Grisoni, Claire Seaman, Stuart Graham, Dominique Otten, Rebecca Fakoussa and John Tucker

About this chapter

Cite this chapter

Collins, L. (2012). What is the Contribution of the ‘Family’ to the Modern Business. In: The Modern Family Business. Palgrave Macmillan, London. https://doi.org/10.1057/9781137001337_2

Download citation

Publish with us

Policies and ethics

Search

Navigation