Skip to main content Accessibility help
  • Get access
    Check if you have access via personal or institutional login
  • Cited by 1
  • Print publication year: 2013
  • Online publication date: September 2013

4 - Risk, Uncertainty, and Family Ownership

from Part One - Theoretical Issues and Debates


Amatori, Franco (1996). Impresa e mercato. Lancia 1986–1969. Bologna: Il Mulino.
Anderson, Alistair R., Sarah L. Jack, and Sarah Drakopoulou-Dodd (2005). “The Role of Family Members in Entrepreneurial Networks: Beyond the Boundaries of the Family Firm.” Family Business Review, 18(1): 135–54.
Bebchuk, Lucian, and Mark Roe (1999). “A Theory of Path Dependence in Corporate Ownership and Governance.” Stanford Law Review, 52(1): 127–70. Available at: SSRN: or doi:10.2139/ssrn.202748. (Accessed February 8, 2013)
Berghoff, Hartmut (2006). “The End of Family Business? The Mittelstand and Family Capitalism in Transition, 1946–2000.” Business History Review, 80(2): 263–95.
Berle, Adolf A., and Gardiner C. Means (1932). The Modern Corporation and Private Property. New York: Harcourt, Brace & World.
Cabrera-Suarez, M. Katiuska, M. de la Cruz Deniz-Deniz, and Josefa D. Martın-Santana (2011). “Familiness and Market Orientation: A Stakeholder Approach.” Journal of Family Business Strategy, 2(1): 34–42.
Carroll, Archie B., and Kareen M. Shabana (2010). “The Business Case for Corporate Social Responsibility: A Review of Concepts, Research and Practice.” International Journal of Management Reviews, 12(1): 85–105.
Chandler, Alfred D. (1990). Scale and Scope. The Dynamics of Industrial Capitalism. Boston: Harvard University Press.
Claessens, Stijn, Simeon Djankov, Joseph P.H. Fan, and Larry H.P. Lang (2002). “Disentangling the Incentive and Entrenchment Effects of Large Shareholdings.” Journal of Finance, 57(6): 2741–71.
Claver, Enrique, Laura Rienda, and Diego Quer (2008). “Family Firms’ Risk Perception: Empirical Evidence on the Internationalization Process.” Journal of Small Business and Enterprise Development, 15(3): 457–71.
Colli, Andrea (2006). The History of Family Business, 1850–2000. Cambridge: Cambridge University Press.
Davis, Peter S., and Paula D. Harveston (1999). “In the Founder's Shadow: Conflict in the Family Firm.” Family Business Review, 12(4): 311–23.
Davis, James, David Schoorman, and Lex Donaldson (1997). “Towards a Stewardship Theory of Management.” Academy of Management Review, 22(1): 20–47.
De Vries, Manfred F.R. (1993). “The Dynamics of Family Controlled Firms: The Good and the Bad News.” Organizational Dynamics, 22(4): 5–71.
Eriksson, Emma (2011). Enhancing Blockholders’ Power in Sweden: The Wallenberg Case. MSc. Diss., Bocconi University.
Faccio, Mara, and Larry P. Lang (2002). “The Ultimate Ownership of Western European Corporations” (with Larry H.P. Lang). Journal of Financial Economics, 65(3): 365–95.
Fallon, Ivan. “Dynasties. By David Landes. The Perils of a Family Affair.” The Independent, February 9, 2007.
Fama, Eugene F., and Michael C. Jensen (1983). “Separation of Ownership and Control.” Journal of Law and Economics, 26(2): 301–25.
Fear, Jeffrey (1995). “August Thyssen and German Steel.” In T. McCraw (ed.), Creating Modern Capitalism. How Entrepreneurs, Companies and Countries Triumphed in the Three Industrial Revolutions (pp. 183–226). Cambridge, MA: Harvard University Press.
Fernandez, Zulima, and Maria Nieto (2005). “Internationalization Strategy of Small and Medium-sized Family Businesses: Some Influential Factors.” Family Business Review, 18(1): 77–89.
Fernandez, Zulima, and Maria Nieto (2006). “Impact of Ownership on the International Involvement of SMEs.” Journal of International Business Studies, 37(3): 340–51.
Fink, Matthias (2010). “Trust-based Cooperation Relationships between SMEs – Are Family Firms Any Different?International Journal of Entrepreneurial Venturing, 4(1): 382–97.
Fligstein, Neil (2001). The Architecture of Markets: An Economic Sociology of Twenty-First-Century Capitalist Societies. Princeton, NJ: Princeton University Press.
Gallo, Miguel Á. (2004). “The Family Business and Its Social Responsibilities.” Family Business Review, 17(2): 135–49.
Graves, Chris, and Jill Thomas (2008). “Determinants of the Internationalization Pathways of Family Firms: An Examination of Family Influence.” Family Business Review, 21(2): 151–67.
Guillén, Mauro, and Esteban Garcia-Canal (2010). The New Multinationals: Spanish Firms in a Global Context. Cambridge: Cambridge University Press.
Hall, Annika, Leif Melin, and Mattias Nordqvist (2001). “Entrepreneurship as Radical Change in the Family Business: Exploring the Role of Cultural Patterns.” Family Business Review, 14(3): 193–208.
Hatum, Andrés, and Andrew Pettigrew (2004). “Adaptation Under Environmental Turmoil: Organizational Flexibility in Family-owned Firms.” Family Business Review, 17(3): 237–58.
Hedberg, Bo T., Paul C. Nystrom, and William Starbuck (1976). “Camping on Seesaws: Prescription for a Self-designing Organization.” Administrative Science Quarterly, 21(1): 41–65.
James, Harold (2006). Family Capitalism. Wendels, Haniels, Falcks and the Continental Model of Capitalism. Cambridge, MA: Belknap Press.
Kirby, Maurice W., and Mary B. Rose (1994). Business Enterprise in Modern Britain. From the Eighteenth to the Twentieth Century. London: Routledge.
Landes, David S. (2006). Dynasties: Fortunes and Misfortunes of the World's Great Family Businesses. New York: Viking Press.
La Porta, Rafael, Florencio Lopez-de-Silanes, and Andrei Shleifer (1999). “Corporate Ownership around the World.” Journal of Finance, 54(2): 471–517.
Lessem, Ronnie (1998). Managing Development through Cultural Diversity. London: Routledge.
McConaughy, Daniel L. (1999). “Is the Cost of Capital Different for Family Firms?Family Business Review, 12(4): 353–60.
Miller, Danny, and Isabelle Le Breton-Miller (2006). “Family Governance and Firm Performance: Agency, Stewardship, and Capabilities.” Family Business Review, 19(1): 73–87.
Morck, Randall, and Bernard Yeung (2003). “Agency Problems in Large Business Groups.” Entrepreneurship, Theory and Practice, 27(4): 367–82.
Naldi, Lucia, Mattias Nordqvist, Karin Sjöberg, and Johan Wiklund (2007). “Entrepreneurial Orientation, Risk Taking, and Performance in Family Firms.” Family Business Review, 20(1): 33–47.
Niehm, Linda, Jane Swinney, and Nancy J. Miller (2008). “Community Social Responsibility and Its Consequences for Family Business Performance.” Journal of Small Business Management, 46(3): 331–50.
Piore, Michael, and Charles Sabel (1984). The Second Industrial Divide. New York: Basic Books.
Pollard, Sidney (1965). The Genesis of Modern Management. Harmondsworth: Pelican.
Roessl, Dieter (2005). “Family Business and Interfirm Cooperation.” Family Business Review, 18(3): 203–14.
Tesi, Francesca (2010). “From Paternalism to the Michelin Performance and Responsibility Charter: Aspects of the Non-Profit Activities of a Family Firm.” Paper presented at the European Business History Association Conference, Glasgow, August 26–28, 2010.
Whittington, Richard, and Michael Mayer (2000). The European Corporation. Strategy, Structure and Social Science. Oxford: Oxford University Press.
Wood, Donna J. (1991). “Corporate Social Performance Revisited.” Academy of Management Review, 16(4): 691–718.
Zahra, Shaker A. (2005). “Entrepreneurial Risk Taking in Family Firms.” Family Business Review, 18(1): 23–40.
Zellweger, Thomas (2006). Risk, Return and Value in the Fmily Firm. Phd. Diss., St. Gallen University.