James J. Chrisman

TL;DR: This paper argued that the literature continues to have difficulty defining the family business and argued for a definition of a family's involvement in the business that makes the business unique, and they proposed a family business definition.

TL;DR: The authors discusses existing definitions in the field of corporate entrepreneurship, reconciles these definitions, and provides criteria for classifying and understanding the activities associated with corporate venturing, and proposes a set of criteria to classify and understand these activities.

TL;DR: In this paper, a review of important trends in the strategic management approach to studying family firms is provided, including convergence in definitions, accumulating evidence that family involvement may affect performance, and the emergence of agency theory and the resource-based view of the firm as the leading theoretical perspectives.

TL;DR: In this paper, the authors discuss the different nature of agency costs in family and discuss the potential of family involvement in a business has the potential to both increase and decrease financial performance due to agency costs.

TL;DR: In this paper, the authors develop the concept of community-based enterprise (CBE) and argue that it provides a potential strategy for sustainable local development in poor populations, maintaining that natural and social capital are integral and inseparable from economic considerations, transforming the community into an entrepreneur and an enterprise.