- The Oxford Handbook of Entrepreneurship
- List of Figures
- List of Tables
- List of Editors and Contributors
- Theories of Entrepreneurship: Historical Development and Critical Assessment
- Entrepreneurship: An Evolutionary Perspective
- Cognitive Aspects of Entrepreneurship: Decision-Making and Attitudes to Risk
- Entrepreneurship and Marketing
- Historical Biographies of Entrepreneurs
- Determinants of Small firm survival and growth
- Start-ups and Entry Barriers: Small and Medium-Sized Firms Population Dynamics
- Definitions, Diversity and Development: Key Debates in Family Business Research
- Evaluating SME Policies and Programmes: Technical and Political Dimensions
- Entrepreneurship, Growth and Restructuring
- Innovation in Large Firms
- Entrepreneurship, Technology and Schumpeterian Innovation: Entrants and Incumbents
- Venture Capital
- Corporate Venture Capital: Past Evidence and Future Directions
- Entrepreneurship, Self-employment and the Labour Market
- Habitual Entrepreneurs
- Entrepreneurship and Management Buy-outs
- The Social Dimensions of Entrepreneurship
- Institutional Obstacles to Entrepreneurship
- Ethnic Minority Entrepreneurship
- Migration of Entrepreneurs
- Women Entrepreneurs: A Research Overview
- Enterprise Culture
- Regional Development: Clusters and Districts
- International Expansion: Foreign Direct Investment by Small- and Medium-Sized Enterprises
- Entrepreneurship in Transition Economies
Abstract and Keywords
This article begins with an examination of definitions of family firms. The debate about what constitutes a family firm is every bit as complex as the definition of an entrepreneur. This article explores the range of definitions but shows that any definition needs to be interpreted in its economic, social, institutional, and cultural context. An explanation for the multiplicity of definitions is provided in in this article, which explores the diversity in scale, scope, organization, and longevity of family firms, and shows differences through time in different societies and between families. The article also demonstrates the strong path dependency of family firm development, with change (or lack of it) underpinned by the foundations of the past. The article further explores research which compares the performance of family firms with non-family firms and this highlights the potential policy implications of family business research.
Carole Howorth is Senior Lecturer in Entrepreneurship in the Institute for Entrepreneurship and Enterprise Development, Lancaster University Management School. She is a director of the Institute for Small Business and Entrepreneurship (ISBE) and an academic advisor to the 2005 ISBE conference. She combines quantitative and qualitative research methods to explore the growth and development of SMEs, the financing of entrepreneurial ventures, and the behaviour of family firms. She has published in national and international journals on entrepreneurship, management buyouts, succession issues, working capital management and credit management.
Mary Rose is Professor of Entrepreneurship in the Institute of Entrepreneurship and Enterprise Development (IEED) in the Management School at Lancaster University, and Research Director of the IEED. She specializes in business history, especially international perspectives on family business and also the history of textiles. She has published widely on the evolution of business values, networking, family firms and the problem of leadership succession, authoring three books and editing another nine. She is Director of the Pasold Research Fund, a charitable trust which provides grants for all aspects of textile history, and General Editor of the Pasold Studies in Textile History published by Oxford University Press.
Eleanor Hamilton is Director of the Institute for Entrepreneurship and Enterprise Development at the University of Lancaster Management School. Her research interests focus on the influence and impact of intergenerational learning in family businesses, entrepreneurship education and curriculum, and the interface between entrepreneurship and marketing.
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