James J. Chrisman

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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)
Family 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)
We explain why family-centered noneconomic goals and bounded rationality decrease the willingness and ability of smalland medium-sized family firms to hire and provide competitive compensation to nonfamily managers even in a labor market composed of stewards rather than agents. Family-centered noneconomic goals attenuate the ability to attract high-quality,(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)
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)
In this article we compare the governance choices of family and non-family firms regarding their subcontracting tendencies. Based on transaction cost theory, we argue that family firms are less likely to engage in subcontracting than non-family firms and that kinship ties, the extent to which a family firm's production activities are important, and cost(More)
This article explores the variables that drive small firms to choose quasiintegration as an alternative to vertical integration in situations of high asset frequency. Our study provides new insights by focusing on (1) the preferences of small, vulnerable firms, and (2) an institutionalized form of quasiintegration. The findings indicate that the preference(More)
Drawing on family business studies and the knowledge-based view of economic growth, we develop and test a model of how the prevalence of smalland medium-size enterprises (SMEs) under family control affects economic growth. Specifically, we propose there is an inverted Ushaped relationship between family SMEs’ proportional representation and economic growth(More)
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