Perpetuating the Family Business: 50 Lessons Learned from Long‐Lasting, Successful Families in Business

By Josiane Fahed Sreih. 2007

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Innovation in family firms: an empirical analysis linking organizational and managerial innovation to corporate success (2011, background): “Family firms are often described as being conservative (Habbershon et al. 2003; Ward 2004); less risk-raking (Morris 1998); more long-term oriented (Sharma and Irving 2005); reluctant to grow and slowgrowing (Taiguiri and Davis 1992; Poza et al. 1997); slow in decision-making; and unable to react…”
Stewardship or Agency? A Social Embeddedness Reconciliation of Conduct and Performance in Public Family Businesses (2011, background): “The first has family owners and managers acting as far-sighted stewards of their businesses, willing to sacrifice and invest in order to make the firm healthy and durable and to maximize value for all stakeholders (Arrègle et al., 2007; Bubolz, 2001; James, 1999, 2006; Landes, 2006; Miller & Le Bret”