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The Endurance of Family Businesses
A Global Overview


Paloma Fernandez Perez, Andrea Colli, Nuria Puig, Pramodita Sharma, Carlo Salvato, Harold James, Hans Sjögren, Vipin Gupta, Mauro F. Guillén, Esteban Garcia Canal, Christopher Kobrak, Pramuan Bunkanwanicha, Christine Blondel, Marina Niforos, Remei Agulles, Lucia Ceja, Josep Tàpies, Susanna Fellman
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  • Date Published: January 2015
  • availability: Available
  • format: Paperback
  • isbn: 9781107480513

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About the Authors
  • The Endurance of Family Businesses is a collection of essays offering an overview of the importance and resilience of family-controlled large businesses. Much of economic and business history research neglects family businesses, considering them an inefficient form of business organization. These essays discuss the strengths of family businesses: the ways family firms have managed, financed and governed their corporations, as well as the way in which they structure their relationship with the external environment, from the government to the company's stakeholders. Family businesses have learned new ways of organizing their resources and using their accumulated know-how for new markets and institutional environments. This volume combines the expertise of well-known scholars who specialize in business history, economic history, management and consulting, to provide an interdisciplinary perspective on family businesses. Contributors provide a global view by taking into account Asian, American and European experiences.

    • Brings together well-known family business experts from around the world in a variety of disciplines, including family business studies, economics, finance, business history, psychology and philosophy
    • Analyses the full complexity of the silent transformation of traditional family businesses into global family business players
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    Reviews & endorsements

    'Family business is everywhere but remains an elusive subject for researchers. The essays in this volume provide a refreshingly broad perspective by engaging deeply with the historical, global, cultural, and gender complexities involved in understanding this vibrant form of business ownership.' Geoffrey Jones, Isidor Straus Professor of Business History, Harvard Business School

    'This volume provides a relevant contribution in the field of family business studies. Bringing together the longitudinal approach of traditional business history with the analytical focus of management studies, [it] provides an important overview of the most recent research in the study of family firms. The essays assembled here are particularly relevant for those interested in issues such as the evolution of the forms of big business enterprises and the longevity and endurance of family firms, as well as their management, ownership, and governance models. There are additional insights in the interdisciplinary debate concerning 'varieties of capitalism'. In short, this book can be labeled an essential instrument that will enhance our knowledge of the modern enterprise and the special role that family businesses play.' Franco Amatori, Bocconi University

    'This book combines the research of business historians and management scholars to help us understand why, despite some critics' claims to the contrary, family businesses constitute an enduring form of organization. By exploring how family businesses from around the world have evolved in response to changing socioeconomic trends such as globalization, the convergence of gender roles, or the generalization of the availability of educational opportunities, the different chapters build on one another to support the editors' thesis that we are witnessing a 'global revolution' in the way that families manage and govern their businesses.' Belén Villalonga, NYU Stern School of Business

    'Comprehensive and detailed, this is a definitive, up-to-date, scholarly resource for family business historians and field practitioners alike … This book presents many interesting hypotheses and frameworks. It makes an excellent scholarly case for what business families and their advisors want and need: institutions that make more and bigger investments in the field of family business studies. In the past, critics claimed that only families in business stand to benefit from this research. The facts in this book put that argument to rest once and for all. A better understanding of family business will not only be good for every country where these economic activities thrive but will be essential for sustaining the global economy.' John A. Davis, Chairman, Cambridge Institute for Family Enterprise

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    Product details

    • Date Published: January 2015
    • format: Paperback
    • isbn: 9781107480513
    • length: 308 pages
    • dimensions: 229 x 152 x 18 mm
    • weight: 0.46kg
    • contains: 10 b/w illus. 10 tables
    • availability: Available
  • Table of Contents

    Introduction: a global revolution: the endurance of large family businesses around the world Paloma Fernandez Perez and Andrea Colli
    Part I. Theoretical Issues and Debates:
    1. The emergence of family business studies: a historical approach to pioneering centers, scholars, and ideas Paloma Fernandez Perez and Nuria Puig
    2. Family firm longevity: a balancing act between continuity and change Pramodita Sharma and Carlo Salvato
    3. Family values or crony capitalism Harold James
    4. Risk, uncertainty, and family ownership Andrea Colli
    Part II. Exogenus Factors: The Environment:
    5. Entrepreneurial spirit in the evolution of Swedish family businesses Hans Sjögren
    6. Cultural forces in large family firm persistence: a model based upon the case project Vipin Gupta
    7. Family firms and the new multinationals: evidence from Spain Mauro F. Guillén and Esteban Garcia Canal
    8. Finance and family-ness: a historical overview of assessing the economics of kinship Christopher Kobrak and Pramuan Bunkanwanicha
    Part III. Endogenous Determinants: Inside the Black Box:
    9. The women of the family business Christine Blondel and Marina Niforos
    10. The role of values in family-owned firms Remei Agulles, Lucia Ceja and Josep Tàpies
    11. Managing professionalization in family business: transforming strategies for managerial succession and recruitment in family firms in the twentieth century Susanna Fellman.

  • Editors

    Paloma Fernandez Perez, Universitat de Barcelona
    Paloma Fernández Pérez is a Professor in the Department of Economic and Business History at the University of Barcelona. She received one of the first ICREA Academia awards from the Catalan government in 2008 and is in the editorial council of the journals Business History and Investigaciones de Historia Económica. She founded and coordinates the Network of Interdisciplinary Research in Family Firms. Her last book was La última globalización y el renacer de los grandes negocios familiares en el mundo (2012).

    Andrea Colli, Bocconi University
    Andrea Colli is Professor of Economic and Social History in the Department of Policy Analysis and Public Management at Bocconi University in Milan, Italy. He is a member of the Editorial Review Board of Family Business Review. He is the author of Business History: Complexities and Comparisons (with Franco Amatori, 2011).


    Paloma Fernandez Perez, Andrea Colli, Nuria Puig, Pramodita Sharma, Carlo Salvato, Harold James, Hans Sjögren, Vipin Gupta, Mauro F. Guillén, Esteban Garcia Canal, Christopher Kobrak, Pramuan Bunkanwanicha, Christine Blondel, Marina Niforos, Remei Agulles, Lucia Ceja, Josep Tàpies, Susanna Fellman

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