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This is an excellent book that provides a much needed overview of
theoretical frameworks that help us understand the behavior of
family firms. This book will be invaluable as a resource to
doctoral students and researchers who are trying to analyze
decision making in family firms and the factors that shape
management processes in these organizations. The book is very
comprehensive in its coverage, addressing most major theoretical
frameworks that have recently been applied to examine phenomena
unique to family firms. These include, among others, organizational
ecology, behavioral theory, agency theory, behavioral agency
theory, and social identity theory. This book is a must read for
family business scholars.' - Luis Gomez-Mejia, University of Notre
Dame, US'A common criticism of family business as a field of study
is the lack of well-developed, theoretically grounded research.
This important book edited by Nordqvist, Melin, Waldkirch and
Kumeto promises to change this widely held view. The book brings
into focus important theoretical perspectives that have rich
implications for research on family firms. Well established and
emerging perspectives are covered in the book, highlighting
different debates that are likely to shape future scholarship in
the field. Chapters are easy to read and concepts as well as
theories are clearly explained and their usefulness is made
evident. I compliment the editors on a job well done in recognizing
the challenges of theorizing about family business and mapping out
the territory of tomorrow's research.' - Shaker A. Zahra,
University of Minnesota, US Family business has become an
increasingly studied field over the last decade and forms one of
the fastest growing research areas today. The uniqueness of family
business is the interaction between two systems: the family and the
firm, leading to specific characteristics that we rarely see in
other types of businesses. In order to understand the unique
interaction between these two systems, researchers have adopted a
diverse range of theories drawn from different fields. The
contributors to this volume provide a thorough discussion of 13
theoretical perspectives that have been used in family business
research. Each chapter introduces a theory, demonstrates its
previous application in family business research and offers
compelling ideas for future research that could contribute to both
the family business field and the original theory behind it. This
book aims to spark new insights for researchers and PhD students in
the field of family business, and is also a good introduction for
researchers who are new to the field. Policymakers and
practitioners will find this an enlightening resource.
Contributors: R. Adiguna, N. Akhter, G. Criaco, P. Hansson, A.
Kallmuenzer, A. Kuiken, G. Kumeto, A. Mazzelli, L. Melin, H.
Nilson, M. Nordqvist, E. Rondi, K. Staffansson Pauli, M. Waldkirch,
A. Wielsma
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