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Family Business Unit

Seminal articles (most cited in the field) that all family business scholars should read:

Aldrich, H.E. and Cliff, J.E. 2003. The pervasive effects of family on entrepreneurship: Toward a family embeddedness perspective. Journal of Business Venturing, 18(5): 573-596.

Anderson, R. and Reeb, D. 2003. Founding-family ownership and firm performance: Evidence from S&P 500. Journal of Finance, 58(3): 1301-1327.

Astrachan, J.H., Klein, S.B. and Smyrnios, K.X. 2002. The F-PEC scale of family influence: A proposal for solving the family business definition problem. Family Business Review, 15(1): 45-58.

Barney, J. 1991. Firm resrouces and sustained competitive advantage. Journal of Management, 17(1): 99-120.

Cabrera-Suarez, K., De Saa-Perez, P. and Garcia-Almeida, D. 2001. The succession process from a resource- and knowledge-based view of the family firm. Family Business Review, 14(1): 37-47.

Carney, M. 2005. Corporate governance and competitive advantage in family-controlled firms. Entrepreneurship Theory and Practice, 29(3): 249-266.

Chrisman, J.J., Chua, J.H. and Litz, R. 2004. Comparing the agency costs of family and non-family firms: Conceptual issues and exploratory evidence. Entrepreneurship Theory and Practice, 28(4): 335-354.

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.

Chua, J.H., Chrisman, J.J. and Sharma, P. 1999. Defining the family business by behavior. Entrepreneurship Theory and Practice, 23(4): 19-39.

Fama, E.F. and Jensen, M.C. 1983. Separation of ownership and control. Journal of Law and Economics, 26(2): 301-325.

Gomez-Mejia, L.R., Nunez-Nickel, M. and Guiterrez, I. 2001. The role of family ties in agency contracts. Academy of Management Journal, 44(1): 81-95.

Habbershon, T.G. and WIlliams, M. 1999. A resource-based framework for assessing the strategic advantages of family firms. Family Business Review, 12(1): 1-25.

Habbershon, T.G., Williams, M. and MacMillan, I.C. 2003. A unified systems perspective of family firm performance. Journal of Business Venturing, 18(4), 451-465.

Jensen, M.C. and Meckling, W.H. 1976. Theory of the firm: Manageral behavior, agency costs and ownership structure. Journal of Fianncial Economics, 3(4): 305-360.

Kets de Vries, M.F.R. 1993. The dynamics of family controlled firms: The good and the bad news. Organizational Dynamics, 21(3): 59-71.

La Porta, R., Lopez-de-Silanes, F. and Shleifer, A. 1999. Corporate ownership around the world. Journal of Finance, 54, 471-517.

Morck, R. and Yeung, B. 2003. Agency problems in large business groups. Entrepreneurship Theory and Practice, 27(4): 367-382.

Morck, R., Shleifer, A. and Vishny, R. 1988. Management ownership and market valuation: An empirical analysis. Journal of Financial Economics, 20: 293-315.

Schulze, W.S., Lubatkin, M.H. and Dino, R.N. 2003. Exploring the agency consequences of ownership dispersion among the directors of private family firms. Academy of Management Journal, 46(2): 179-194.

Schulze, W.S., Lubatkin, M.H> and Dino, R.N. 2003. Toward a theory of agency and altruism in family firms. Journal of Business Venturing, 18(4): 473-490.

Schulze, W.S., Lubatkin, M.H. Dino, R.N. and Buchholtz, A.K. 2001. Agency relationships in family firms: Theory and evidence. Organization Science, 12(2): 99-116.

Sharma, P. 2004. An overview of the field of family business studies: Current status and directions for the future. Family Business Review, 17(1): 1-36.

Sharma, P., Chrisman, J.J> and Chua, J.H. 1997. Strategic management of the family business: Past research and future challenges. Family Business Review, 10(1): 1-36.

Sirmon, D.G. and Hitt, M.A. 2003. Managing resources: Linking unique resources, management and wealth creation in family firms. Entrepreneurship Theory and Practice, 27(4): 339-358.

Tagiuri, R. and Davis, J.A. 1992. On the goals of successful family companies. Family Business Review, 5(1): 43-62.