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Family business research in Asia: review and future directions

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Abstract

This article serves as a review of the existing research on Asian family firms, synthesizing the literature using the goals, governance, and resources (GGR) framework, and suggesting future research directions. The article intends to take stock of the knowledge on Asian family firms and compare it with the literature on Western firms to enhance our understanding of family firms.

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Notes

  1. We follow Chua, Chrisman, and Sharma (1999: 25) in defining a family firm as “a business governed and/or managed with the intention to shape and pursue the vision of the business held by a dominant coalition controlled by members of the same family or a small number of families in a manner that is potentially sustainable across generations of the family or families”

  2. Socioemotional wealth (SEW) is defined as “the nonfinancial aspects of the firm that meet the family’s affective needs, such as identity, the ability to exercise family influence, and the perpetuation of the family dynasty” (Gomez-Mejía et al., 2007: 106)

  3. More discussion can be found on www.hofstedeinsights.com. Gupta et al. (2009) provide another comparison of the Anglo and Asian contexts along nine family firm dimensions.

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Authors and Affiliations

  1. Department of Business and Information Technology, Missouri University of Science and Technology, Rolla, MO, 65401, USA

    Hanqing “Chevy” Fang

  2. Department of Management and Information Systems, College of Business, Mississippi State University, Mississippi State, MS, 39762-9581, USA

    Kulraj Singh, Taewoo Kim, Laura Marler & James J. Chrisman

  3. Centre for Entrepreneurship and Family Enterprise, University of Alberta, Edmonton, Canada

    James J. Chrisman

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Fang, H.“., Singh, K., Kim, T. et al. Family business research in Asia: review and future directions. Asia Pac J Manag 39, 1215–1256 (2022). https://doi.org/10.1007/s10490-021-09760-2

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