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Understanding chief executive officers (CEOs) is important because of their vast influence on the strategies and performance of organizations. With the growth of family business research, new insights about family firm CEOs have emerged. However, knowledge about family firm CEOs is dispersed across an array of disciplines that take different perspectives. These differences have led to an inconsistent understanding of family firm CEOs, particularly since they can be family or nonfamily members with varying levels of willingness, ability, and capability to select and implement distinctive strategies. To better understand CEOs in family firms, we reviewed 175 articles published between 1984 and 2021 using upper echelons theory to capture the relationships among CEO characteristics, strategic choices, and firm performance. Our integrative review synthesizes findings from entrepreneurship, management, finance, economics, and other disciplines to provide insights and future research directions on CEO characteristics, strategic choices, and firm performance in family firms. [ABSTRACT FROM AUTHOR]

The use of clickers in the classroom has been linked to student learning. However, studies that examine the effects of clickers on learning often conceptualize a clicker exercise as a single, homogeneous cognitive processing (CP) event. We offer a conceptualization of sequenced cognitive activities that unfold during a clicker exercise. An inductive approach is adopted to identify three CP events that occur during a clicker exercise: an investigation event, a confirmation event, and a ratification event. We then use data collected from a sample of 187 students in an undergraduate business capstone course to explore the relationships between the three CP events and student learning. Contrary to expectations, not all CP events contribute positively to student learning. We discuss the implications of these findings and offer directions for future research that advance the understanding of clicker-enhanced student learning. These insights afford instructors new options for optimizing the contributions of clicker exercises to student learning in their courses.

This article discusses the importance of systematic reviews in family business research and introduces a compilation of literature reviews on various topics related to family firms. The reviews cover themes such as legacy, resilience, dysfunctional behaviors, strategic change, nonfinancial outcomes, and microfoundations. The authors emphasize the need for more multilevel research in the field and highlight the reciprocal relationship between the family and the business in family-owned firms. The article suggests future research areas and emphasizes the importance of adopting a multilevel approach to gain a comprehensive understanding of family businesses. [Extracted from the article]

Entrepreneurial networks and family firm researchers are testing the limits of current understanding by investigating relationships in a variety of non-Western contexts. We extend Khayesi, George, and Antonakis's model of [...]

Despite an increasing interest in understanding the mindset of entrepreneurs, little consensus exists on what an entrepreneurial mindset (EM) is, how it is developed, or its precise outcomes. Given the fragmented nature of the multidisciplinary study of EM, we review prior work in an effort to enhance scholarly progress. To this end, we identify and review 61 publications on the topic and offer an empirically derived, integrated definition of EM. Further, we examine factors related to EM and offer specific directions for future study. Additionally, we offer broad directions for advancing the trajectory of EM research and conclude with an abbreviated review of pedagogical insights. In all, by offering a definition, reviewing the literature, and highlighting specific and broad directions for future research, we attempt to consolidate and advance what is known about an individual's EM. [ABSTRACT FROM AUTHOR]

Debate persists regarding the effects of executive pay dispersion on firm performance given that conflicting findings have plagued the literature. We aim to reconcile previous inconsistencies by taking a more nuanced approach and exploring the effects of explained and unexplained executive pay dispersion on the firm's short- and long-term performance. Using a longitudinal sample of public firms over a 12-year period, we find that unexplained pay dispersion among executives—indicating pay inequity—negatively affects short-term firm performance while explained pay dispersion—indicating pay inequality—positively affects long-term firm performance. The findings help resolve prior inconsistencies associated with understanding the relationship between executive pay dispersion and firm performance. Accordingly, we advance research by demonstrating the importance of measuring pay dispersion types and accounting for the temporal nature of firm performance. [ABSTRACT FROM AUTHOR]

We extend transactive memory systems theory from psychology to examine the cognitive interdependence of family and nonfamily employees and its effects on family firm innovation. Using triadic data and dispersion modeling, we find that innovation is enhanced when family and nonfamily employees communicate and when they have a shared understanding of "who knows what"; however, we find unexpectedly that the communication effects differ for family and nonfamily employees, hindering the development of shared knowledge perceptions needed for enhanced innovation. We demonstrate the value in applying psychology-based research to family firm investigations and in investigating microfoundations of family firm innovation. [ABSTRACT FROM AUTHOR]

Family involvement in business creates idiosyncrasies in firm behavior that promote long‐term, often transgenerational, strategic logics that ostensibly align with the motivations and outcomes of corporate entrepreneurship. Interestingly, extant research provides only minimal insight into the heterogeneous nature of corporate entrepreneurship orientations pursued by family firms. To better understand this heterogeneity, we develop a typology of corporate entrepreneurship in family firms providing a reconciliatory approach to this literary diversity and suggest that the varied corporate entrepreneurship orientations of family firms are impacted by the duality of a family's distinct intention to pursue transgenerational succession and capabilities to acquire external knowledge. [ABSTRACT FROM AUTHOR]