Family businesses and non-family equity: literature review and avenues for future research

Family firms commonly prefer internal funding and retention of control. Under certain circumstances, however, equity investments from outside the family can be a relevant alternative source of capital. To facilitate further knowledge about the interaction of family-owned businesses and external equity investors, the present work reviews 42 studies and suggests possible directions for future research. Results reveal that extant studies focus mainly on five key areas—corporate finance, contract design and collaboration, succession and exit route, strategy and performance, and corporate governance. Moreover, the paper discusses various gaps in the extant work and presents three opportunities for future research in a detailed manner. These include a comparison of different types of investors in the context of family-owned businesses, an investigation of minority investor exits from family firms, and an analysis of the impact of investors on family firm boards. All in all, the findings can guide the future development of this emerging field of research and have implications for theory and practice.     

Hidden champions: a review of the literature & future research avenues

Management Review Quarterly - Substantial efforts have contributed to overcome the scarcity of research on hidden champions. Nevertheless, literature has yet missed to compile a comprehensive...     

Women entrepreneurship in STEM fields: literature review and future research avenues

The aim of the paper is to explore the published management research on women entrepreneurs in Science, Technology, Engineering and Mathematics (also known as STEM) fields in order to offer a first, comprehensive state-of-the-art of this research. In doing so, a systematic literature review (SLR) of 32 papers has been undertaken. The results of this SLR show that the literature on this topic is still limited and fragmented. However, seeds have been sown for stimulating the theoretical debate and the empirical knowledge on these issues. Based on our analysis of these selected papers, we offer a vibrant research agenda for future developments.

     

HRM and Indian epistemologies: A review and avenues for future research

India is emerging as a super power, slated to be among the world's five largest economies and viewed by international investors, business conglomerates and tertiary education providers as a land of opportunity. A database search since the opening up of the Indian economy in 1991 reveals a slowly increasing number of scholarly articles on HRM, with a steep rise from the year 2000 onwards. While it is acknowledged that the field of HRM is a broad area, there is currently a dearth of research in specific HRM practices and policies in India to warrant a focus on only one area. Hence the primary objective of this article is to present a scholarly survey of important research literatures in the area of HRM in India, and to offer avenues for future research. To this end this article garners, integrates and discusses research on HRM in India with a focus primarily on the past fifteen years. It is within this complexity that research on India and its workforce is presented by illuminating HRM as embedded in the Indian environment with its intricate epistemologies and transitions in a period of dynamic change.     

The determinants of startup valuation in the venture capital context: a systematic review and avenues for future research

Startup valuation in the venture capital (VC) context is often said to be more art than science. In view of this, it is particularly important to be aware of and understand the different underlying determinants that affect the valuation of startups. This paper conducts a systematic review of the existing empirical literature to illustrate the determinants of startup valuations in the VC context. Beyond that, the paper seeks to provide an organizing structure to the current literature as well as to detect academic voids and directions for future research. To achieve these goals, it develops an integrative framework for the factors determining startup valuations in the VC environment, which should be of use to both practitioners and researchers. That framework illustrates how startup valuations in the VC context are shaped by a three-sided interplay of factors related to startups, venture capitalists, and the external environment.     

Entrepreneurship by immigrants: a review of existing literature and directions for future research

The topic of immigrant entrepreneurship has gained considerable attention in social and policy circles around the world. Likewise, research on it has grown significantly over the past few decades, with studies examining the micro-, meso-, and macro-level antecedents and consequences of this phenomenon. While contributing to our knowledge, this growth in literature has also created complexity within this domain. As such, there is a need to take stock of current research. In the present study, I advance in this direction. I delineate the boundaries and outline the contributions of immigrant entrepreneurship research to the field of entrepreneurship. Thereafter, based on a comprehensive review of 69 studies published between 1980 and 2016 in journals across multiple disciplines, I develop a framework to integrate findings within this domain. Finally, I identify gaps and advance suggestions for future research. It is hoped that these steps will provide a clear vision of common research ground on which to build theory, identify assumptions, develop meaningful research questions and establish the ontological and epistemological base of this domain.     

Public Leadership: A review of the literature and framework for future research

Abstract

This study analyses and reviews the literature on public leadership with a novel combination of bibliometric methods. We detect four generic approaches to public leadership (i.e. a functionalist, a behavioural, a biographical and a reformist approach) which differ with regard to their philosophy of science (i.e. objective vs subjective) and level of analysis (i.e. micro-level vs multi-level). From our findings, we derive four directions for future research which involve shifting the focus from the aspect of ‘leadership’ to the element of ‘public’, from simplicity to complexity, from universalism to cultural relativism and from public leadership to public followership.     

Perceptual differences between recruiters and students on the importance of applicant and job characteristics: a research note based on evidence from Singapore

This study compared the perceptions of various important job applicant characteristics, job characteristics and job benefits between 107 corporate recruiters and 191 business undergraduates in Singapore. Results indicated significant incongruence between recruiter and student perceptions of a large number of job characteristics and benefits. However, perceptual differences were less extensive in the case of applicant attributes. The implications of these findings, and suggestions for greater perceptual congruence between recruiters and applicants, are discussed.     

Contextualizing employment outcomes in family business research: current findings and future research avenues

Management Review Quarterly - The empirical evidence of family business phenomenon in terms of employment outcomes is contradictory highlighting the micro–macro gap in the existing research....     

Industry 4.0 and the circular economy: A literature review and recommendations for future research

Research regarding the Fourth Industrial Revolution (Industry 4.0) and the circular economy has gained traction since 2014. Paralleling the growth in the internet of things (IoT), the circular economy poses both risks and opportunities to various stakeholders in its development. This literature review aims to identify Industry 4.0 stakeholders' interests and expectations regarding how the IoT can be part of circular economy management. Contributions include identifying various IoT tools for dealing with circular economy challenges while also addressing implementation best practices. The transition of the circular economy within Industry 4.0 requires a better understanding of government, suppliers, international organizational interests, and expectations regarding the IoT. This study enables future research on circular economy practices and their potential sustainability benefits for manufacturing firms. This study's findings allow practitioners and researchers to understand the literature and critical elements of the transition toward a more circular economy.     

Enabling supply chain analytics for enterprise information systems: a topic modelling literature review and future research agenda

ABSTRACT

This paper provides a literature review of the research within the framework of 1) analytics,2) supply chain management, and 3) enterprise information systems, and relate the findings to competitive enablers. The findings are used to construct a future research agenda. The methodology is a systematic two-stage approach, based on a Smart Literature review framework using topic modelling. The research agenda proposes future research within the themes of 1) context, 2) cross-functional analytics, 3) cross-planning level analytics, 4) implementation and assimilation of analytics in EIS, 5) analytics and big data for SCM, 6) managerial aspects of analytics, and 7) data and system heterogeneity.     

The state-of-the-art and future research directions in bequest fundraising by nonprofit organizations: A systematic literature review

The topic of fundraising is garnering increased attention from nonprofit practitioners due to the worldwide growth of the nonprofit sector and the subsequent competition for private funds. Despite this surge, academic literature on fundraising and bequest fundraising, in particular, has remained mainly limited to narrow aspects of the discipline. Based on a systematic review of literature published over the past 25 years, we synthesize various research perspectives into a comprehensive framework of studies linking the different issues highlighted by the authors. The purpose of this article is to consolidate the state of academic research on bequest fundraising by not-for-profit organizations. The literature review underscores how research efforts have not paid much attention to bequest fundraising from the NPO's perspective, although as it has become an increasingly important source of income for charitable organizations. The majority of studies focus on the Donor's perspective, striving to understand what drives the desire to leave a charitable bequest. The findings of the SLR show a gap in the knowledge of NPOs' internal mechanisms concerning the particular topic of charitable bequests; from these insights, the future research directions are proposed.     

Digital transformation: a review,synthesis and opportunities for future research

Management Review Quarterly - In the last years, scholarly attention was on a steady rise leading to a significant increase in the number of papers addressing different technological and...     

Knowledge sharing: A review and directions for future research

The success of knowledge management initiatives depends on knowledge sharing. This paper reviews qualitative and quantitative studies of individual-level knowledge sharing. Based on the literature review we developed a framework for understanding knowledge sharing research. The framework identifies five areas of emphasis of knowledge sharing research: organizational context, interpersonal and team characteristics, cultural characteristics, individual characteristics, and motivational factors. For each emphasis area the paper discusses the theoretical frameworks used and summarizes the empirical research results. The paper concludes with a discussion of emerging issues, new research directions, and practical implications of knowledge sharing research.     

The employment interview: A review of current studies and directions for future research

The employment interview continues to be a prevalent device used by organizations and a popular topic of study among researchers. In fact, over 100 new articles have been published since Posthuma, Morgeson and Campion's [Posthuma, R. A., Morgeson, F. P., & Campion, M. A. (2002). Beyond employment interview validity: A comprehensive narrative review of recent research and trends over time. Personnel Psychology, 55, 1–81] review that are selectively examined and critiqued. During this timeframe, three main areas that have received considerable research attention are discussed: (1) understanding why “structured” interviews predict, (2) examining the constructs interviews may measure, and (3) investigating the applicant and interview factors that may affect the interview process. Despite advances made in our knowledge of employment interviews, numerous ideas for future research are advanced. Three key areas that deserve immediate research attention are: (1) establishing a common model and measurement of interview structure, (2) focusing on what constructs could be or are best measured, and (3) formulating consistent definitions, labeling and measurement of applicant factors. In this way, employment interview research can be advanced.     

Performance appraisal and the need for an organizational grievance procedure: A review of the literature and recommendations for future research

The majority of performance appraisal systems do not result in valid and reliable evaluations of employee performance. As a consequence, conflict in the workplace may result, and a grievance procedure for employees may be necessary. This article outlines some of the problems associated with performance appraisal systems, presents the need for a grievance procedure and possible formats, and poses questions for further research.     

Personality differences and buyer-supplier relationships: Psychopathy in executives,gender differences and implications for future research

The buyer-supplier relationships (BSRs) literature to date has neglected the implications of individual personality differences amongst the parties to any relationship, thereby ignoring the complex dynamics of human interaction and behaviors on the progress and performance in such relationships. This Notes & Debates paper takes the view that personality matters, particularly toxic personality traits, and argues that for purchasing & supply researchers a cross-disciplinary approach to the study of BSRs will advance our understanding. Our study brought together psychology and supply management researchers.We begin by arguing that much of the extant literature demotes behavior and personality to peripheral, exogenous, or even irrelevant to the study of BSRs. Second, by focusing on the emergent research into corporate psychopathy, we explore one specific aspect of individual personality differences – psychopathic personality disorder. Third, we present our findings from a study of psychopathy in two executive samples, one consisting of exclusively procurement executives, to illustrate some of the personality traits likely to prevail within BSRs.Key to our argument, we found significant individual differences across our samples. Indeed, the incidence of psychopathic traits was higher than reported in the few prior studies of corporate psychopathy. We also found significant gender differences, marked not only by slightly higher levels of psychopathy in males than females, but by differences in the disposition of psychopathy. We also found that the relationship between psychopathy and seniority was significant, indicative of a relationship between executive status and potentially toxic behaviors.Future studies of BSRs thus need to recognize and account for individual differences in BSRs; such differences are not inconsequential.     

The art of crafting a systematic literature review in entrepreneurship research

Systematic literature reviews are an increasingly used review methodology to synthesize the existing body of literature in a field. However, editors complain about a high number of desk rejections because of a lack in quality. Poorly developed review articles are not published because of a perceived lack of contribution to the field. Our article supports authors of standalone papers and graduate students in the Entrepreneurship domain to write contribution-focused systematic reviews e.g. by providing a concrete guideline. Our article analyzes the strengths and weaknesses of a systematic literature review and how they can be overcome. Furthermore, we provide a combined list of highly ranked journals in the Entrepreneurship domain as a basis for quality appraisal. Finally, this article builds a scenario for the future of the systematic literature review methodology and shows how technological improvements have changed this methodology and what can be achieved in the future.