The Evolving Family/Entrepreneurship Business Relationship (Special Issue)

Abstract

This special issue of the Journal of BusinessVenturing seeks to further the understanding of family as a major source ofentrepreneurship. Entrepreneurship cannot grow without mobilization of thefamily forces, and families who own businesses thrive best when the family caneffectively mobilize the business for its well-being. The emphasis of thespecial issue is the relationship between family and business that leads tocreation and sustenance of each other. Similarities and differences betweenfamily businesses and entrepreneurship are discussed. Family business researchhas underutilized the family systems theory and sometimes treated business assecondary to the family. Researchers are encouraged to investigate such variables as family resourcemanagement, family functioning, family viability, interface between the familyand the business and the sustainable business model. (VRS) Table of Contents Evolving Research in Entrepreneurship and Family Business: RecognizingFamily as the Oxygen that Feeds the Fire of Entrepreneurship (editorial),Edward G. Rogoff and Ramona Kay Zachary Heck Commentary on the Special Issue: The Emergence of aField(discussion), Joseph H. Astrachan The Pervasive Effects of Family on Entrepreneurship: Toward a FamilyEmbeddedness Perspective,Howard E. Aldrich and Jennifer E.Cliff Variants of Agency Contracts in Family-Financed Ventures as a Continuum ofFamilial Altruistic and Market Rationalities,Lloyd Steier Ownership Structure, Founder Leadership, and Performance in Norwegian SMEs:Implications for Financing Entrepreneurial Opportunities, Trond Randøy andSanjay Goel The Impact of the Family and the Business on Family Business Sustainability,Patricia D. Olson, Virginia S. Zuiker, Sharon M. Danes, Kathryn Stafford,Ramona K. Z. Heck, and Karen A. Duncan Predictors of Satisfaction with the Succession Process in Family Firms,Pramodita Sharma, James J. Chrisman, and Jess H. Chua

Keywords: Families, Firm ownership, Leadership, Succession, Family-work relations, Family firms