Family Business Review

FBR’s Top Cited Articles in 2023 – Article #4 Each year, certain articles make an outsized impact, helping to shape the conversation in family business research. Based on Sage Publishers' 2023 report, we’re highlighting the top five most-cited articles published in 2021 and 2022. Generations in Family Business: A Multifield Review and Future Research Agenda Vittoria Magrelli, Paola Rovelli, PhD, Carlotta Benedetti, Dr. Ruth überbacher, and Alfredo De Massis Abstract: The concept of generations has become increasingly important in the social science fields to explain diverse phenomena affecting organizations. This is especially true in the family business field where generations are considered a constitutive element. Nevertheless, there is still a limited understanding of generations and the implications of their involvement in family business. We review prior studies on generations by considering different social science fields, which we analyze according to a novel theoretical framework. Building on this framework, and placing particular emphasis on family firms, we identify important knowledge gaps that serve as a springboard for future research.

?? ???????????????????? ?????? ???????? ???????????? ???????????? ???????????????????? ???????????????? ???????????????????? (???????? ????????) ???? ????????????! ?? We at DCU Business School are thrilled to partner with Ulster University Business School to host the 20th Annual Family Enterprise Research Conference (FERC 2025) from ???????? ???? - ????, ????????. Typically held in the Americas, this marks the first time the conference will be hosted in Europe—making its debut in Dublin, Ireland! ?? ?? Eric Clinton Ian Smyth Judith Woods PhD ?????????? ???????? ???????? This conference is a unique chance to connect with a global network of scholars focused on advancing insights into family enterprises. Co-hosted by Dublin City University and Ulster University, FERC 2025 will provide valuable opportunities to enhance knowledge and engage with research that drives impact for both academics and practitioners. ?? ???????? ?????? ???????????? We are now accepting submissions in the following categories: ???????????? ?????????????? ????????????: Submit extended abstracts or full papers for our interactive poster sessions. Selected full papers may be presented at our paper development workshop—an ideal platform for feedback and deeper engagement. ???????????????? ???????????????? & ???????????? ?????????????? ???????????????? ??????????????: An exclusive opportunity for early-career researchers to participate in a hands-on paper development workshop and engaging research seminars led by internationally renowned scholars. ?????? ?????????? ?????? ??????????????: ?? ????????????????: DCU St. Patrick’s Campus, Dublin, Ireland? ?? ???????????????????? ????????????????: January 14, 2025? ?? ???????????????????? ??????????????????????????: February 4, 2025 ?????? ???????? ??????????????????????:? - Download the FERC 2025 flyer? - View the full Call for Papers here: [https://lnkd.in/ei8-NmfD)? - Nominate for the FERC Lifetime Influence & Impact Award: [https://lnkd.in/eDjpxU4z) All submissions will be blind-reviewed by our FERC 2025 Review Board to ensure top-quality contributions. Join us to celebrate 20 years of family enterprise research, connect with peers, and contribute to this dynamic field! We can’t wait to welcome you to Dublin! ??

I am delighted and honored to receive The Family Firm Institute - FFI Fellow status after over a decade of dedicated learning and contributing to expanding The Family Enterprise field. I look forward to sharing and supporting others in this emerging and growing field.

FBR’s Top Cited Articles in 2023 – Article #3 Each year, certain articles make an outsized impact, helping to shape the conversation in family business research. Based on Sage Publishers' 2023 report, we’re highlighting the top five most-cited articles published in 2021 and 2022. The Psychological Foundations of Management in Family Firms: Emotions, Memories, and Experiences Ronald H Humphrey/FS/VCU, Alfredo De Massis, Pasquale Massimo Picone, Yi Tang, and Ron Piccolo Abstract: Exploring the psychological foundations of management in family firms is necessary to understand why they formulate and implement strategies differently from nonfamily firms, and why and how family firm behavior varies across different family firms. Picone et al. (2021. The psychological foundations of management in family firms: Values, biases, and heuristics.?Family Business Review,?34(1), 12-32) have proposed a conceptual framework for the psychological foundations of management in family business, examining how the values, biases, and heuristics of family firm members affect strategic decision-making and family firm outcomes. Drawing on this framework, we examine emotions, memories, and experiences in family firms, disentangling “what we know” from “what we should know”, and offering some relevant questions to advance the field.

In family businesses, why do many parents insist on creating jobs for their incompetent children? How does this affect the firm and their other employees? Also, why are family businesses so easily able to rationalize bad behaviors, like tax evasion and bribery, for the 'sake of the family'? This FamilyBusiness.Org research translation of a Family Business Review article explores these sensitive topics. Dysfunctional behavior in family firms may initially seem to bring benefits, but it ultimately leads to bad outcomes for the family, the family business, and society. Within the family, it can result in a sense of entitlement among family members, tarnished reputations, and shame for past transgressions . Within the firm, the repercussions could be decreased performance, higher employee turnover, legal issues, financial penalties, and even legal consequences for the leaders. Societal impacts include social and environmental harm, unfair competition, and increased business challenges. Thus, while anticipated benefits from dysfunctional behaviors may motivate families and their firms to behave badly, the “benefits” tend to come with severe costs. Thank you to my co-authors for sharing their work! Roland Kidwell, Linda Kidwell, John Cater and Ellison Howard, PhD. The Family Firm Institute - FFI #familybusiness #nextgeneration #workplacedeviance

And we’re happy to have you, Maria J. Sanchez-Bueno!

Even if you missed the deadline to submit the short proposal for this Special Issue, there is still time to?submit the Full paper by April 1, 2025. The Guest Editorial Team of the FAMILY BUSINESS REVIEW Special Issue on "FAMILY OFFICES IN THE SPOTLIGHT:?REDEFINING THE BOUNDARIES OF FAMILY FIRM RESEARCH" invites scholars?to submit a?full paper?on the Family Business Review website indicating "Family Office Special Issue" as the manuscript type by APRIL 1, 2025.? You can find more details about this Special Issue at the following?link:?CFP_Special_Issue - Family offices in the spotlight.pdf?

FBR’s Top Cited Articles in 2023 – Article #2 Each year, certain articles make an outsized impact, helping to shape the conversation in family business research. Based on Sage Publishers' 2023 report, we’re highlighting the top five most-cited articles published in 2021 and 2022. The Psychological Foundations of Management in Family Firms: Values, Biases, and Heuristics Pasquale Massimo Picone, Alfredo De Massis, Yi Tang, and Ron Piccolo Abstract: Considering the heterogeneity of family firm behaviors as reflecting the values, biases, and heuristics of individuals, we discuss the implications of the psychological foundations of management in family firms. We develop a conceptual framework for investigating how the values, biases, and heuristics of family and nonfamily members affect strategic decision-making and the outcomes of family firms. To advance the field, we put forward some relevant questions and offer a future research agenda at the intersection of the psychological foundations of management and family business.

?? ???????????????????? ?????? ???????? ???????????? ???????????? ???????????????????? ???????????????? ???????????????????? (???????? ????????) ???? ????????????! ?? We at DCU Business School are thrilled to partner with Ulster University Business School to host the 20th Annual Family Enterprise Research Conference (FERC 2025) from ???????? ???? - ????, ????????. Typically held in the Americas, this marks the first time the conference will be hosted in Europe—making its debut in Dublin, Ireland! ?? ?? Eric Clinton Ian Smyth Judith Woods PhD ?????????? ???????? ???????? This conference is a unique chance to connect with a global network of scholars focused on advancing insights into family enterprises. Co-hosted by Dublin City University and Ulster University, FERC 2025 will provide valuable opportunities to enhance knowledge and engage with research that drives impact for both academics and practitioners. ?? ???????? ?????? ???????????? We are now accepting submissions in the following categories: ???????????? ?????????????? ????????????: Submit extended abstracts or full papers for our interactive poster sessions. Selected full papers may be presented at our paper development workshop—an ideal platform for feedback and deeper engagement. ???????????????? ???????????????? & ???????????? ?????????????? ???????????????? ??????????????: An exclusive opportunity for early-career researchers to participate in a hands-on paper development workshop and engaging research seminars led by internationally renowned scholars. ?????? ?????????? ?????? ??????????????: ?? ????????????????: DCU St. Patrick’s Campus, Dublin, Ireland? ?? ???????????????????? ????????????????: January 14, 2025? ?? ???????????????????? ??????????????????????????: February 4, 2025 ?????? ???????? ??????????????????????:? - Download the FERC 2025 flyer? - View the full Call for Papers here: [https://lnkd.in/ei8-NmfD)? - Nominate for the FERC Lifetime Influence & Impact Award: [https://lnkd.in/eDjpxU4z) All submissions will be blind-reviewed by our FERC 2025 Review Board to ensure top-quality contributions. Join us to celebrate 20 years of family enterprise research, connect with peers, and contribute to this dynamic field! We can’t wait to welcome you to Dublin! ??

FBR’s Top Cited Articles in 2023 – Article #1 Each year, certain articles make an outsized impact, helping to shape the conversation in family business research. Based on Sage Publishers' 2023 report, we’re highlighting the top five most-cited articles published in 2021 and 2022. Family Firm Heterogeneity: A Definition, Common Themes, Scholarly Progress, and Directions Forward Josh Daspit, James J. Chrisman, Triss Ashton, and Nick Evangelopoulos Abstract: While progress has been made in recent years to understand the differences among family firms, insights remain fragmented due, in part, to an incomplete understanding of heterogeneity and the scope of differences that exist among family firms. Given this, we offer a definition of and review the literature on family firm heterogeneity. A latent semantic analysis of 781 articles from 33 journals identified nine common themes of family firm heterogeneity. For each theme, we review scholarly progress made and highlight differences among family firms. Additionally, we offer directions for advancing the study of family firm heterogeneity.