Entrepreneurship and Family Business: Two Siblings or Different Disciplines?

Keywords: Business creation, family business, family entrepreneur, family influence

Abstract

Is entrepreneurship and family business two sibling or distinct disciplines? Both are disciplines with their own entity, but from the beginning, they have been strongly connected. In fact, family businesses have been considered a central element of the entrepreneurial process where family influence is particularly relevant in the early stages of business creation. However, the initial stage of these companies has been little explored. This article has a double objective. First, it provides a brief historical perspective on the evolution of the two academic disciplines and their interrelationships, and second, it seeks to summarize the main conclusions of the scarce literature on the perspective of family embeddedness that studies the family-entrepreneurship binomial. Finally, the paper proposes different lines of research for future studies related to family business and entrepreneurship.

Received: 26 April 2023
Accepted: 5 October 2023

Author Biographies

Lucía Garcés-Galdeano, Universidad Pública de Navarra

Associate Professor at the Public University of Navarra. She has a double degree in Business Administration and Management and Law from the Public University of Navarra, and a PhD in this field from the same university. Throughout her still short academic career, she has always developed her teaching in the area of ​​Business Organization, teaching different subjects at the undergraduate and postgraduate level (master). Her main line of research is developed in the field of human resource management in companies and especially in family businesses. Most of her research has focused on the analysis of the behavior of the family business, particularly in relation to its decision-making process and the fundamental role of non-economic factors. She, in turn, has developed work on the training and effectiveness of high-commitment human resource management systems, as well as the analysis of entrepreneurship and corporate social responsibility. Her research suggests that the design of human resource policies is a key determinant of the behavior of individuals in companies. Her research work has been published in some of the most prestigious academic journals in the field of Business Management such as Entrepreneurship Theory and Practice, Small Business Economics, International Journal of Human Resources Management or International Entrepreneurship and Management Journal.

Martín Larraza-Kintana, Universidad Pública de Navarra

Full Professor at the Public University of Navarra. He has a degree in Business Administration and Management from the Public University of Navarra, and a PhD in this field from the Carlos III University of Madrid. Throughout his long academic career, he has always developed his teaching in the area of Business Organization, teaching different subjects at the undergraduate and postgraduate level (master and doctorate). His research reflects his interest in the study of people’s decision-making behavior, and very particularly in that shown by people who carry out their professional activity within companies. On this basis, his research work over more than 20 years has allowed him to make contributions to the international scientific debate in the fields of Human Resource Management, Strategic Management, Family Business and Entrepreneurship. His research work has been published in some of the most prestigious academic journals in the field of Business Management, such as the Academy of Management Journal, Strategic Management Journal, Administrative Science Quarterly, Journal of Management Studies, Human Resource Management, Journal of World Business, Small Business Economics or Entrepreneurship Theory and Practice.

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Published
2024-03-22
How to Cite
Garcés-Galdeano, Lucía, and Martín Larraza-Kintana. 2024. “Entrepreneurship and Family Business: Two Siblings or Different Disciplines?”. Bulletin of Economic Studies 78 (234), 41-56. https://doi.org/10.18543/bee.2738.