Family and non-family business resilience in an economic downturn

References

• Abdellatif , M. , Amann , B. and Jaussaud , J. 2010 . Family versus non-family business: a comparison of international strategies . Journal of family business strategy , 1 ( 2 ) : 108 – 116 .
   Google Scholar
• Allouche, J., and Amann, B, 1998. Le retour triomphant du capitalisme familial, Harvard l'expansion
   Google Scholar
• Allouche , J. , Amann , B. , Jaussaud , J. and Kurashina , T. 2008 . The impact of family control on the performance and financial characteristics of family versus non-family businesses in Japan: a matched–pair investigation . Family business review , 21 ( 4 ) : 315 – 329 .
   Web of Science ®Google Scholar
• Arrègle , J.–.L. , Hitt , M.A. , Sirmon , D.G. and Very , P. 2007 . The development of organizational social capital: attributes of family firms . Journal of management studies , 44 : 72 – 95 .
   Web of Science ®Google Scholar
• Barclay , M. and Holderness , C. 1989 . Private benefits from control of public corporations . Journal of financial economics , 25 : 371 – 396 .
   Web of Science ®Google Scholar
• Berle , A.A. and Means , G.C. 1932 . The modern corporation and private property , New York : Macmillan .
   Google Scholar
• Burkart , M. , Panunzi , F. and Shleifer , A. 2003 . Family firms . Journal of finance , 18 ( 5 ) : 2167 – 2201 .
   Web of Science ®Google Scholar
• Carney , M. 2005 . Corporate governance and competitive advantage in family–controlled firms . Entrepreneurship theory and practice , 29 ( 3 ) : 249 – 266 .
   Web of Science ®Google Scholar
• Chami, R., 1999. What's different about family business? Working paper, University of Notre Dame
   Google Scholar
• Charreaux, G., 1991. Structures de propriété, relations d'agence et performances financières Cahiers du CREGO, IAE de Dijon
   Google Scholar
• Chrisman , J.J. , Chua , J.H. and Steier , L.P. 2003 . An introduction to theories of family business . Journal of business venturing , 18 : 441 – 448 .
   Web of Science ®Google Scholar
• Chrisman , J.J. , Chua , J.H. and Sharma , P. 2005 . Trends and directions in the development of a strategic management theory of the family firm . Entrepreneurship theory and practice , 29 ( 5 ) : 555 – 576 .
   Web of Science ®Google Scholar
• Coutu , L.D. 2002 . How resilience works . Harvard business review , 80 ( 5 ) : 46 – 55 .
   PubMed Web of Science ®Google Scholar
• Davis , J.H. , Schoorman , F.D. and Donaldson , L. 1997 . Toward a stewardship theory of management . Academy of management review , 22 ( 1 ) : 20 – 47 .
   Web of Science ®Google Scholar
• Fama , E.F. and Jensen , M.C. 1983 . Separation of ownership and control . Journal of law and economic , 26 : 301 – 326 .
   Web of Science ®Google Scholar
• Fukuyama , F. 1995 . Trust, the social virtues and the creation of prosperity , London : Hamish Hamilton .
   Google Scholar
• Galbraith , K. 1967 . The new industrial state , Boston Houghton Mifflin College Division .
   Google Scholar
• Gallo , M. and Vilaseca , A. 1996 . Finance in family business . Family business review , 9 ( 4 ) : 287 – 305 .
   Google Scholar
• Goffee , R. 1996 . Understanding family business: issues for further research . International journal of entrepreneurial behavior and research , 2 ( 1 ) : 36 – 48 .
   Google Scholar
• Gomez–Mejia , L.R. , Makri , M.K. and Martin , L. 2010 . Diversification decisions in family–controlled firms . Journal of management studies , 47 ( 2 ) : 223 – 252 .
   Web of Science ®Google Scholar
• Gomez–Mejia , L.R. , Takacs , K.H. , Núñez–Nickel , M. and Jacobson , K.J.L. 2007 . Socioemotional wealth and business risks in family–controlled firms: evidence from Spanish olive oil mills . Administrative science quarterly , 52 : 106 – 137 .
   Web of Science ®Google Scholar
• Habbershon , T.G. and Williams , M. 1999 . A resource–based framework for assessing the strategic advantage of family firms . Family business review , 12 : 1 – 25 .
   Google Scholar
• Habbershon , T. , Williams , M. and MacMillan , I.C. 2003 . A unified systems perspective of family firm performance . Journal of business venturing , 18 : 451 – 466 .
   Web of Science ®Google Scholar
• Handler , W.C. 1989 . Methodological issues and considerations in studying family businesses . Family business review , 2 ( 3 ) : 257 – 276 .
   Google Scholar
• Harvey , S.J. 1999 . Owner as manager, extended horizons and the family firm . International journal of the economics of business , 6 ( 1 ) : 41 – 55 .
   Google Scholar
• Horne , J.F. , III. and Orr , J.E. 1998 . Assessing behaviors that create resilient organizations . Employment relations today , 24 ( 4 ) : 29 – 39 .
   Google Scholar
• Japan Economic Almanac 1999 . Tokyo : Nihon Keizai Shimbusha .
   Google Scholar
• Keizai Koho Center . 1999, 2004, 2006, 2008 . Japan, an International Comparison , Tokyo : Keizai Koho Center .
   Google Scholar
• Kets de Vries , M. 1993 . The dynamics of family controlled firms: the good and the bad news . Organizational dynamics , 21 ( 3 ) : 59 – 71 .
   Web of Science ®Google Scholar
• Kurashina , T. 2003 . Family Kigyô no Keieigaku, (Management studies on family business) , Tokyo : Tôyô Keizai Shimbun Sha .
   Google Scholar
• La Porta , R. , Lopez–de–Silanes , F. and Shleifer , A. 1999 . Corporate ownership around the world . Journal of finance , 54 ( 2 ) : 471 – 519 .
   Web of Science ®Google Scholar
• Lengnick–Hall, C.A., and Beck, T.E., 2009. Resilience capacity and strategic agility: prerequisites for thriving in a dynamic environment. Working Paper, University of Texas
   Google Scholar
• McConaughy , D.L. , Matthews , C.H. and Fialko , A.S. 2001 . Founding family controlled firms: performance, risk and value . Journal of small business management , 39 ( 1 ) : 31 – 49 .
   Web of Science ®Google Scholar
• Miller , D. and Le Breton–Miller , I. 2003 . Challenge versus advantage in family business . Strategic organization , 1 ( 1 ) : 127 – 134 .
   Google Scholar
• Miller , D. and Le Breton–Miller , I. 2006 . Family governance and firm performance: agency, stewardship, and capabilities . Family business review , 19 ( 1 ) : 73 – 87 .
   Web of Science ®Google Scholar
• Miller , D. and Le Breton–Miller , I. 2009 . Agency vs. stewardship in public family firms: a social embeddedness reconciliation . Entrepreneurship: theory & practice , 33 ( 6 ) : 1169 – 1191 .
   Web of Science ®Google Scholar
• Miyashita , K. and Russell , D. 1994 . Keiretsu: Inside the hidden Japanese conglomerates , New York : McGraw-Hill .
   Google Scholar
• Monsen , R.J. 1969 . Ownership and management: the effect of separation on performance . Business horizons , 12 : 46 – 52 .
   Google Scholar
• Monsen , R.J. , Chiu , J. and Cooley , D. 1968 . The effect of the separation of ownership and control on the performance of the large firm . Quarterly journal economics , 82 ( 3 ) : 435 – 451 .
   Web of Science ®Google Scholar
• Morck, R., 2003. Corporate governance and family control. Global Corporate Governance Finance, Special issue, Discussion Paper no.1. Available from: http://www.gcgf.org/library/Discussion_Papers_and_Focus%20Notes/Corporate%20Governance%20and%20Family%20Control,%20Morck%20–%20Nov%202003.pdf (http://www.gcgf.org/library/discussion_papers_and_focus%20notes/corporate%20governance%20and%20family%20control,%20morck%20-%20nov%202003.pdf)
   Google Scholar
• Morck , R. and Nakamura , M. 2007 . Business Groups and the Big Push: Meiji Japan's Mass Privatization and Subsequent Growth . Enterprise & Society , 8 ( 3 ) : 543 – 601 .
   Web of Science ®Google Scholar
• Morck , R. and Yeung , B. 2003 . Agency problems in large family business groups . Entrepreneurship theory & practice , 27 ( 4 ) : 367 – 382 .
   Google Scholar
• Morikawa , H. 1996 . Toppu Managemento Keizai Shi, Keieisha Kigyo to Kazoku Kigyo (History of Top Management: Family Businesses versus Non-Family Businesses) , Tokyo : Yuhikaku Corp .
   Google Scholar
• Porter , M. 1986 . “ Competition in global industries: a conceptual framework ” . In Competition in global industries , Edited by: Porter , M. Boston, MA : Harvard Business School Press . chapter 1
   Google Scholar
• Roderick , E.W. , Thornhill , S. and Hampson , E. 2007 . A biosocial model of entrepreneurship: the combined effects of nurture and nature . Journal of organizational behavior , 28 : 451 – 466 .
   Web of Science ®Google Scholar
• Rosenblatt , P.C. , de Mik , L. , Anderson , R.M. and Johnson , P.A. 1985 . The family in business , San Francisco, CA : Jossey–Bass .
   Google Scholar
• Saito , T. 2008 . Family firms and firm performance: evidence from Japan . Journal of the Japanese & international economies , 22 ( 4 ) : 620 – 646 .
   Web of Science ®Google Scholar
• Schulze , W.S. , Lubatkin , M.H. , Dino , R.N. and Buchholtz , A. 2001 . Agency relationship in family: theory and evidence . Organization science , 12 ( 2 ) : 99 – 116 .
   Web of Science ®Google Scholar
• Schulze , W.S. , Lubatkin , M.H. and Dino , R.N. 2003 . Exploring the agency consequence of ownership dispersion among the directors of private firms . Academy of management journal , 46 ( 2 ) : 179 – 194 .
   Web of Science ®Google Scholar
• Shleifer , A. and Vishny , R.W. 1997 . A survey of corporate governance . Journal of finance , 52 ( 2 ) : 737 – 783 .
   Web of Science ®Google Scholar
• Somers , S. 2009 . Measuring resilience potential: an adaptive strategy for organizational crisis planning . Journal of contingencies and crisis management , 17 ( 1 ) : 12 – 23 .
   Google Scholar
• Stein , J.C. 1988 . Takeover threats and managerial myopia . Journal of political economy , 96 : 61 – 80 .
   Web of Science ®Google Scholar
• Stein , J.C. 1989 . Efficient capital markets, inefficient firms: a model of myopic corporate behavior . Quarterly journal of economics, (November) , : 655 – 669 .
   Google Scholar
• Stiglitz , J. 2003 . Globalization and its discontents , New York and London : Norton & Co .
   Google Scholar
• Van den Berghe , L.A.A. and Carchon , S. 2003 . Agency relations within the family business systems: an exploratory approach . Corporate governance: an international review , 11 ( 3 ) : 171 – 179 .
   Web of Science ®Google Scholar
• Villalonga, B. and Amit, R., 2004. How do family ownership, control, and management affect firm value? EFA 2004 Maastricht Meetings Paper No. 3620. Available from: http://ssrn.com/abstract = 556032 (http://ssrn.com/abstract=556032)
   Google Scholar