New Family Business Models: Between the Business and the Family

Guest editors

María del Mar Benavides Espinosa

Felipe Hernández-Perlines

Domingo Ribeiro-Soriano

The purpose of this special issue of the International Journal of Entrepreneurial Behavior & Research is to explore the key issues affecting family business management behaviour (López-Fernández et al., 2016). The family business is the most common type of business around the world (Masulis et al., 2011, Gedajlovic et al., 2012). In many countries, family businesses contribute massively to economic growth and wealth because of their capacity to drive employment (Fan et al., 2011).

Family business behaviour can be approached from a multidisciplinary perspective because it spans such a wide range of topics (Chrisman et al., 2010). For example, studies using agency theory (Jensen and Meckling, 1976) are common. These studies explain how unwanted behaviours can be avoided and how agency costs can be minimised (Gómez-Mejía et al., 2001). The resource-based view of the firm (RBV) is also used to study family businesses (Wernerfelt, 1984) to explore the relationship between the family and the business (Habbershon and Williams, 1999). These two theoretical approaches focus on how to maximise financial wealth. However, an alternative paradigm is that of socioemotional wealth. Under this new theoretical approach, it is argued that family businesses also pursue non-financial objectives, which are critical to their management (Tagiuri and Davis, 1992; Zellweger et al., 2013). This approach focuses on how to advance the family business through social capital (Mallon et al., 2018; Mani and Lakhal, 2015; Nordstrom and Steier, 2015). Under this approach, strategic innovation plays a pivotal role in family businesses (Cassia et al., 2012). Studies that apply institutional theory to family businesses are also common (Eijdenberg et al., 2019).

The editors of this special issue are looking for research papers that offer new solutions to management problems in family businesses based on quantitative and qualitative approaches, applications of new methods and even combinations of different research methods. This special issue will provide high-quality empirical evidence based on multiple methods and will present manuscripts that discuss a range of empirical perspectives. The editors of this special issue are open to imaginative and interesting ideas in the spirit of this IJEBR call. Globalisation, new international relations, advances in communications, the emergence of new ways of doing business, innovation, planning for succession, relationships between family members, relationships between family and non-family members, and intergenerational relationships are just some of the areas causing major changes in family business behaviour.

Suitable topics include, but are not limited to, the following:

  • Entrepreneurship in family businesses
  • Innovation in family businesses
  • Internationalisation of family businesses
  • Globalisation and its effects on family business behaviour
  • Influence of new international relations on family businesses
  • ICT in family businesses
  • Dynamic capabilities in family businesses
  • Relations between the family and the business
  • Family businesses versus non-family businesses
  • Human resource management in family businesses
  • Relations between different generations of the family business
  • Family business succession

Submissions must be original and must not be under consideration for publication elsewhere. Papers that are suitable for publication in the special issue will be double-blind reviewed as per the IJEBR’s review process guidelines. The editors will base their final acceptance decisions on relevance for the special issue, technical quality, innovative content, and originality of research approaches and results. More information and guidelines for authors are available on the journal page.

If you have any questions about the suitability of the topics or approaches, please contact the guest editors: María del Mar Benavides (Universitat de València, València, Spain, [email protected]), Felipe Hernández-Perlines (University of Castilla-La Mancha, Toledo, Spain, [email protected]) and Domingo Enrique Ribeiro-Soriano (Universitat de València, València, Spain, [email protected]). Contact guest editor: Domingo Enrique Ribeiro-Soriano.

Submission of full paper: 8th March 2022
Publication: 2022

Cassia, L., De Massis, A. and Pizzurno, E. (2012), “Strategic innovation and new product development in family firms: An empirically grounded theoretical framework”, International Journal of Entrepreneurial Behavior & Research, Vol. 18 No. 2, pp. 198–232.
Chrisman, J. J., Kellermanns, F. W., Chan, K. C. and Liano, K. (2010), “Intellectual foundations of current research in family business: An identification and review of 25 influential articles”, Family Business Review, Vol. 23 No. 1, pp. 9–26
Eijdenberg, E. L., Thompson, N. A., Verduijn, K. and Essers, C. (2019), “Entrepreneurial activities in a developing country: an institutional theory perspective”, International Journal of Entrepreneurial Behavior & Research, Vol. 25 No. 3, pp. 414–432.
Fan, J. P., Wei, K. C. and Xu, X. (2011), “Corporate finance and governance in emerging markets: A selective review and an agenda for future research”, Journal of Corporate Finance, Vol. 17 No. 2, pp. 207–214.
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Gómez-Mejía, L. R., Nunez-Nickel, M. and Gutierrez, I. (2001), “The role of family ties in agency contracts”, Academy of Management Journal, Vol. 44 No. 1, pp. 81–95.
Habbershon, T. G. and Williams, M. L. (1999), “A resource-based framework for assessing the strategic advantages of family firms”, Family Business Review, Vol. 12 No. 1, pp. 1–25.
Jensen, M. C. and Meckling, W. H. (1976), “Theory of the firm: Managerial behavior, agency costs and ownership structure”, Journal of Financial Economics, Vol. 3 No. 4, pp. 305–360.
López‐Fernández, M. C., Serrano‐Bedia, A. M. and Pérez‐Pérez, M. (2016), “Entrepreneurship and family firm research: A bibliometric analysis of an emerging field”, Journal of Small Business Management, Vol. 54 No. 2, pp. 622–639.
Mallon, M. R., Lanivich, S. E. and Klinger, R. L. (2018), “Resource configurations for new family venture growth”, International Journal of Entrepreneurial Behavior & Research, Vol. 24 No. 2, pp. 521–537.
Mani, Y. and Lakhal, L. (2015), “Exploring the family effect on firm performance: The impact of internal social capital dimensions on family firm performance”, International Journal of Entrepreneurial Behavior & Research, Vol. 21 No. 6, pp. 898–917.
Masulis, R. W., Pham, P. K. and Zein, J. (2011), “Family business groups around the world: Financing advantages, control motivations and organizational choices”, Review of Financial Studies, Vol. 24 No. 11, pp. 3556–3600.
Nordstrom, O. A. and Steier, L. (2015), “Social capital: a review of its dimensions and promise for future family enterprise research”, International Journal of Entrepreneurial Behavior & Research, Vol. 21 No. 6, pp. 801–813.
Tagiuri, R. and Davis, J. (1992), “On the goals of successful family companies”, Family Business Review, Vol. 5 No. 1, pp. 43–62.
Wernerfelt, B. (1984), “A resource‐based view of the firm”, Strategic Management Journal, Vol. 5 No. 2, pp. 171–180.
Zellweger, T. M., Nason, R. S., Nordqvist, M. and Brush, C. G. (2013), “Why do family firms strive for nonfinancial goals? An organizational identity perspective”, Entrepreneurship Theory and Practice, Vol. 37 No. 2, pp. 229–248.