Format of Original
Emerald Group Publishing Ltd.
Advances in Entrepreneurship, Firm Emergence, and Growth, eds. A. Stewart, G. T. Lumpkin, and J. A. Katz, Vol. 12 (2010)
Are the social domains of kinship and business on balance complementary or contradictory? Do ventures that invest heavily in both – conventionally referred to as “family firms” – bear a net gain or net loss? We are scarcely the first to raise these questions. How then will we try to contribute to an answer? We try this in five ways, all of them based on previous literature. First, we develop the dichotomy of kinship and business by taking seriously the metaphor of yin and yang, merging it with the anthropological constructs of structural domains such as “domestic” and “public.” This metaphor proves to shed light on the relevant literature. Second, we provide a qualitative survey of the costs and benefits of kinship in business. Third, we summarize the empirical work that addresses the performance outcomes from family involvement. Fourth, we consider the practitioner implications of these studies. Finally, we ask if scholars are as yet in a position to answer these questions.
Stewart, Alex and Hitt, Michael A., "The Yin and Yang of Kinship and Business: Complementary or Contradictory Forces?" (2010). Management Faculty Research and Publications. 6.
Accepted version. Advances in Entrepreneurship, Firm Emergence and Growth, Vol. 12 (2010): 243-276. DOI. This article is © Emerald Group Publishing and permission has been granted for this version to appear here. Emerald does not grant permission for this article to be further copied/distributed or hosted elsewhere without the express permission from Emerald Group Publishing Limited.