 The leading role of the top management team in understanding family firms: Past research and future directionsD’Allura, Giorgia Maria Journal of Family Business Strategy, 2019, vol. 10, issue 2, 87-104 Abstract: Family firms are often lead by top management teams (upper echelons). Indeed, top management teams (TMTs) are a key determinant of the distinctiveness and heterogeneity of firms. Unfortunately, existing research on the role of the TMT in family firms remains fragmented. Using insights from upper echelons theory, this article systematically reviews and organizes the fragmented findings and arguments from prior research along three blocks: antecedents, processes, and outcomes of TMTs in family firms. In doing so, the article provides a summary of the current state-of-the-art of the literature and proposes a research agenda to open the TMT “black box” to examine TMT characteristics at the individual (demographics) and group level (dynamics and emotions) and determine their impact on family firm outcomes (entrepreneurial orientation, strategic choices, and performance) through future research efforts. Keywords: Upper echelons theory; Top management team; Family firm heterogeneity; Literature review; Research agenda (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:fambus:v:10:y:2019:i:2:p:87-104 Ordering information: This journal article can be ordered from DOI: 10.1016/j.jfbs.2018.12.001 Access Statistics for this article Journal of Family Business Strategy is currently edited by J.H. Astrachan More articles in Journal of Family Business Strategy from Elsevier |
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