The DOI matches its Crossref record; 195 of the 195 references it cites were found in a registry or an index.
Why Can’t a Family Business Be More Like a Nonfamily Business?: Modes of Professionalization in Family Firms
Abstract
The authors survey arguments that family firms should behave more like nonfamily firms and “professionalize.” Despite the apparent advantages of this transition, many family firms fail to do so or do so only partially. The authors reflect on why this might be so, and the range of possible modes of professionalization. They derive six ideal types: (a) minimally professional family firms; (b) wealth dispensing, private family firms; (c) entrepreneurially operated family firms; (d) entrepreneurial family business groups; (e) pseudoprofessional, public family firms; and (f) hybrid professional family firms. The authors conclude with suggestions for further research that is attentive to such variation.
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Cites
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The System of Professions: An Essay on the Division of Expert Labor
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Founding‐Family Ownership and Firm Performance: Evidence from the S&P 500
Anderson, R. C., & Reeb, D. M. (2003) · The Journal of Finance · doi:10.1111/1540-6261.00567 · Cited by 5,122
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How do family ownership, control and management affect firm value?
Villalonga, B., & Amit, R. (2006) · Journal of Financial Economics · doi:10.1016/j.jfineco.2004.12.005 · Cited by 4,185
Cited by
Family Firm Heterogeneity: A Definition, Common Themes, Scholarly Progress, and Directions Forward
Daspit, J. J., Chrisman, J. J., Ashton, T., & Evangelopoulos, N. (2021) · Family Business Review · doi:10.1177/08944865211008350 · Cited by 336
Family Firm Heterogeneity and Governance: A Configuration Approach
Nordqvist, M., Sharma, P., & Chirico, F. (2014) · Journal of Small Business Management · doi:10.1111/jsbm.12096 · Cited by 326
Metadata
- Authors
- Stewart, A., & Hitt, M. A.
- Venue
- Family Business Review
- Publisher
- SAGE Publications
- Published
- 2011-09-26
- Volume
- 25
- Issue
- 1
- Pages
- 58-86
- ISSN
- 0894-4865 (ISSN-L)
- 1741-6248
- OpenAlex
- W3123649880
- Cited by
- 593
- References
- 195
- FWCI
- 47.05
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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