Between Kinship and Commerce: Fiduciaries and the Institutional Logics of Family Firms

Brooke Harrington, Vanessa M. Strike

Publikation: Bidrag til tidsskriftTidsskriftartikelForskningpeer review

Resumé

In this study we explore how the institutions of kinship and commerce are integrated within family businesses. Previous research shows that family firms’ characteristic synthesis of institutional logics often unravels during intergenerational successions; however, it remains unclear how this process can be arrested, or by whom. Through inductive analysis, we offer a novel insight: outside advisors can act as surrogates for family in this integrative role. Specifically, we identify fiduciaries—professionals with special client obligations—as key actors in preserving family firms’ viability as commercial enterprises and kinship groups. Our findings contribute to theories of family businesses, professions, and institutions.
In this study we explore how the institutions of kinship and commerce are integrated within family businesses. Previous research shows that family firms’ characteristic synthesis of institutional logics often unravels during intergenerational successions; however, it remains unclear how this process can be arrested, or by whom. Through inductive analysis, we offer a novel insight: outside advisors can act as surrogates for family in this integrative role. Specifically, we identify fiduciaries—professionals with special client obligations—as key actors in preserving family firms’ viability as commercial enterprises and kinship groups. Our findings contribute to theories of family businesses, professions, and institutions.
SprogEngelsk
TidsskriftFamily Business Review
Vol/bind31
Udgave nummer4
Sider417-440
Antal sider24
ISSN0894-4865
DOI
StatusUdgivet - dec. 2018

Bibliografisk note

Published online: 8. June 2018

Emneord

  • Fiduciary
  • Advising
  • Family firm
  • Institutional logics

Citer dette

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Between Kinship and Commerce : Fiduciaries and the Institutional Logics of Family Firms. / Harrington, Brooke; Strike, Vanessa M.

I: Family Business Review, Bind 31, Nr. 4, 12.2018, s. 417-440.

Publikation: Bidrag til tidsskriftTidsskriftartikelForskningpeer review

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