James J. Chrisman

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A high level of trust within a small elite may, like a low level of trust in society at large, be a serious impediment to economic development. This is because such concentrated high trust among the elite promotes political rent seeking, known to retard growth. We propose that entrusting the governance of a country's great corporations to a few wealthy(More)
The propensity to use non-family managers' incentive compensation in small and medium size family firms. Abstract: Purpose – The purpose of this paper is to use the socio‐emotional wealth perspective to examine how the level of family involvement reduces the propensity to use incentives to non‐family managers in small to medium‐sized enterprises (SME)(More)
Using insights from the resource-based view, social capital, and network theories, the authors develop a model of how family social capital, as well as an entrepreneur's knowledge capital and external social capital, influences the venture creation process. The model is tested on a sample of 85 nascent Hispanic entrepreneurs. Results indicate that family(More)
of Small Business and Entrepreneurship, has three specific objectives. The first is to provide a review of the most important contributions to the field with respect to progress in the development of a theory of the family firm. The second is to discuss the most important directions for future research with respect to the same end. The third is to make a(More)
F amily firms are thought to pursue nonfinancial goals that provide socioemotional wealth, but socioemotional wealth is feasible only with family control of the firm. Using prospect theory, we hypothesize that socioemotional wealth increases with the extent of current control, duration of control, and intentions for transgenerational control, thus adding to(More)
family managers, family firms, and the winner's curse: The influence of non-economic goals and bounded rationality. Abstract: We explain why family-centered noneconomic goals and bounded rationality decrease the willingness and ability of small-and medium-sized family firms to hire and provide competitive compensation to nonfamily managers even in a labor(More)
Since its launch in 1988, the Family Business Review (FBR) has played an integral role in the establishment and development of the field of family business studies. This field is distinguished from its sister disciplines by its singular focus on the paradoxes caused by the involvement of family in business. Today, scholars worldwide recognize both the(More)
  • Erick P C Chang, Esra Memili, James J Chrisman, Dianne H B Welsh, S Trateg, E P C Chang +2 others
  • 2014
Entrepreneurship scholars tend to discuss the merits of using innovation over imitation for the creation of new ventures. We take a step forward to focus our attention on the drivers of successful entrepreneurial firms and use Inc. 500 companies to test our framework. Findings indicate that the extent of innovation positively influences long-term sales(More)
Corporate social responsibility is incorporated into strategic management at the enterprise strategy level. This paper delineates the domain of enterprise strategy by focusing on how well a firm's social performance matches its competences and stakeholders rather than on the "quantity" of a firm's social responsibility. Enterprise strategy is defined and a(More)
involvement and the use of corporate governance provisions protecting controlling versus non-controlling owners. Abstract: Drawing on agency theory and corporate governance, we first classify the corporate governance provisions within the context of family firms. Then, we probe the influence of family involvement (i.e. family ownership and family(More)