Family Firm Heterogeneity and Governance: A Configuration Approach

Journal of Small Business Management, Forthcoming

35 Pages Posted: 15 Sep 2013

See all articles by Mattias Nordqvist

Mattias Nordqvist

Jonkoping University - Jonkoping International Business School (JIBS); Babson College - Arthur M. Blank Center for Entrepreneurship

Pramodita Sharma

Wilfrid Laurier University; University of Vermont - School of Business Administration

Francesco Chirico

Macquarie University, Macquarie Business School; Jonkoping University - Jonkoping International Business School (JIBS)

Multiple version iconThere are 2 versions of this paper

Date Written: September 14, 2013

Abstract

Family involvement in ownership and management of business varies significantly within family firms. Although the literature recognizes the diversity in family firms, it remains unclear what governance mechanisms are most appropriate to achieve prioritized performance goals of different types of family firms. By combining two established categorizations of family involvement in firm ownership and management, nine types of family firms are identified. Drawing on the configuration approach, we theorize the governance mechanisms likely to most efficiently address the incentive systems, authority relations, and norms of legitimization in each of these types of family firms.

Keywords: Family Firm Heterogeneity, Governance, ownership, management, configuration

Suggested Citation

Nordqvist, Mattias and Sharma, Pramodita and Chirico, Francesco, Family Firm Heterogeneity and Governance: A Configuration Approach (September 14, 2013). Journal of Small Business Management, Forthcoming, Available at SSRN: https://ssrn.com/abstract=2325903

Mattias Nordqvist

Jonkoping University - Jonkoping International Business School (JIBS) ( email )

Jönköping, 55111
Sweden

Babson College - Arthur M. Blank Center for Entrepreneurship

231 Forest Street
Babson Park, MA 02457-0310
United States

Pramodita Sharma

Wilfrid Laurier University ( email )

75 University Ave W
Waterloo, Ontario N2L 3C5
Canada

University of Vermont - School of Business Administration ( email )

Burlington, VT 05405
United States

Francesco Chirico (Contact Author)

Macquarie University, Macquarie Business School ( email )

New South Wales 2109
Australia

Jonkoping University - Jonkoping International Business School (JIBS) ( email )

Jönköping, 55111
Sweden

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
81
Abstract Views
747
rank
340,096
PlumX Metrics