Franz W. Kellermanns

Franz W. Kellermanns
University of North Carolina at Charlotte | UNC Charlotte · Department of Management

Ph.D. (U. of Connecticut)

About

214
Publications
112,330
Reads
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15,952
Citations
Citations since 2016
78 Research Items
11144 Citations
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Introduction
Franz W. Kellermanns is the Addison H. & Gertrude C. Reese Endowed Chair in International Business and Professor of Management in the Belk College of Business. He holds a joint appointment with the INTES Center at the WHU–Otto Beisheim School of Management (Germany). He received his Ph.D. from the University of Connecticut. His research interests include international business, strategy process and entrepreneurship with a focus on family business research.
Additional affiliations
August 2013 - present
University of North Carolina at Charlotte
Position
  • Addison H. & Gertrude C. Reese Endowed Chair and Full Professor
January 2010 - August 2013
University of Tennessee
Position
  • Professor
September 2008 - present
WHU Otto Beisheim School of Management
Position
  • Associated Faculty Member - Joint Appointment
Education
August 1999 - June 2003
University of Connecticut
Field of study
  • Managemetn

Publications

Publications (214)
Article
Utilizing a qualitative research design based on 53 interviews with 19 Swiss family businesses, supplemented by 14 expert interviews, this study demonstrates that different family firm-specific elements of the process of selecting top management team (TMT) members alter affect infusion in family firms. These are the informal selection context, the...
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We investigate the differential effect of time in terms of generation in control of the firm’s management on family firm performance to address the call in the literature for a more nuanced treatment of family firms and their performance differences. By drawing on the mixed-gamble logic of the behavioral agency model, our work suggests that the fam...
Article
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Our goal is to foster the development of a healthy replication culture in family business research. Replication, which advances theory by confronting existing understanding with new evidence, is of paramount importance in creating a meaningful cumulative knowledge base. In the family business field, however, as in many other fields within the broad...
Article
This study explores the effect of a firm’s entrepreneurial orientation on the individual resilience of small business owners and how this relationship is moderated by firm-level ambidexterity. We build on social cognitive theory to discuss whether and how the three dimensions of entrepreneurial orientation (i.e., innovativeness, proactivity, and ri...
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This study builds and tests a model that explains entrepreneurs’ emotional responses to events in their work lives while specifying the role of entrepreneurs’ personality in moderating such responses. Drawing on the cognitive appraisal theory, we hypothesize that daily entrepreneurial stressors (workload and financial) exert negative influences on...
Article
Drawing on human capital theory and the knowledge-based view, our meta-analysis integrates the results from 85 independent samples spanning 2009–2020 (572,888 total observations). Our findings provide empirical evidence for the small, but significant, correlation between entrepreneurs’ prior experience and firm performance (r = 0.095). In addition,...
Article
This meta-analysis of 142 studies from 36 countries examines how the institutional environment moderates the relationship between family involvement and firm performance. Specifically, we investigate performance differences between family and nonfamily firms while using property rights protection, institutional stability, and a country’s regime typ...
Article
Research Question/Issue We study the relationship between family blockholding of voting rights and the relative size of international acquisitions, and the moderating effect of two types of financial blockholders (pressure-resistant and pressure-sensitive blockholders). Research Findings/Insights Employing an international sample of 8,687 nonfinan...
Article
We extend relational demography theory by introducing kinship as a new demographic characteristic of categorization. We theorize that family firm employees’ kinship similarity (family vs. nonfamily), kinship tie (child vs. other familial relationship), and gender (female vs. male) uniquely affect their organizational citizenship behavior (OCB). Dat...
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Current research suggests that entrepreneurship in the family business context is mainly induced by top-down firm-level activity. We propose that entrepreneurial activity is also initiated autonomously as a bottom-up process by individual members or a group of individual members of an entrepreneurial family (EF). Building on 63 interviews with EF m...
Research
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The family business field is growing rapidly. However, similar to most management disciplines we observe a general lack of efforts to replicate prior influential findings. In addition, the vast majority of propositions developed in qualitative theory-building studies or conceptual work are never empirically validated. We hope this dedicated special...
Chapter
Family firms are essential to both emerging and advanced economies. Nearly 90% of all firms worldwide are family firms and outnumber non-family firms in terms of their contribution to global economic activity and employment. Due to the high relevance of family firms for the worldwide economy, scholars have recognized family business as a research f...
Article
Research at the interface of corporate entrepreneurship (CE) and family firms’ domains has grown steadily based on the premise that family firms’ specific elements uniquely affect CE antecedents, strategies, and outcomes. However, much remains to be uncovered. In this article, we offer a theoretical advancement of a corporate entrepreneurship proce...
Article
Current studies suggest mixed effects concerning the impact of the family system on entrepreneurial outcomes. Through the integration of the family embeddedness theory and social exchange theory, we further investigate the potential benefits and costs of family support as a social exchange process between entrepreneurs and their family members. We...
Article
Research often assumes that a controlling family’s social bonds contributes to superior firm performance. However, there is little theory to address these relationships and findings are often mixed. Here, we integrate resource-based and need-to-belong theories to address these issues, introducing family business potency as a key mediating variable...
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This study examines how five key entrepreneurial orientation (EO) dimensions—risk taking, innovativeness, proactiveness, competitive aggressiveness, and autonomy—affect family business performance, as well as the moderating effect of socioemotional wealth (SEW) on these relationships. The findings, based on a sample of 609 Spanish and Portuguese fa...
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This study investigates the effect of family characteristics on the internationalization activities of Chinese family small and medium-sized enterprises (SMEs) using a socioemotional wealth perspective. We suggest that family ownership negatively affects international expansion. Results using a sample of 1542 Chinese family SMEs support our hypothe...
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To enrich understanding of the causes of entrepreneurial orientation (EO), we examine whether and how EO is rooted in organizational culture. Following a new conceptualization of EO and based on data from 269 Mexican firms, we theorize and find that organizational culture is a strategic resource that firms can use to cultivate EO and this influence...
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Drawing from conservation of resources theory, we theorize that spiritual leadership serves as both a resource to enhance employees’ organizational commitment and a passageway to mitigate the negative effects of work–family conflict. Using primary triadic data from leaders, family employees, and nonfamily employees in 77 family firms, results suppo...
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In this introductory article for the special issue of Journal of Management Studies, entitled “Leading Entrepreneurial Ventures: Individual and Team‐Based Perspectives,” we leverage insights in the extant literature as well as those insights developed by the authors of the four articles published in response to our call for papers. Overall, we expl...
Article
In family firms, the decision to voluntarily disclose individual supervisory board compensation induces confidence in the family firm's governance system, but may also compromise a family's efforts to keep exclusive control. Drawing on socioemotional wealth (SEW) research, we investigate family influence on a firm's voluntary disclosure decisions w...
Article
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Purpose – Current approaches to measuring family business performance have limitations: failing to acknowledge the entire family business holistically, and lacking recognition of the idiosyncratic nature of family business goals. This work applies organizational effectiveness, the achievement of desired organizational outcomes, to develop a scale t...
Article
Over the last decades, human resource management has received increasing attention in family business scholarship. However, works on human resource management in the context of family firms remain relatively low as compared to the more general body of studies on human resource management. This article introduces our special issue of the German Jour...
Article
This study investigates turnover intentions of different groups of non-family employees in family-owned firms and non-family-owned firms. Raising the question for whom are family-owned firms good employers, we add to the debate on their employer-qualities. Building on job embeddedness theory, we underline the importance of differentiating groups of...
Article
How do entrepreneurs fill institutional voids that prevail in emerging markets? By incorporating insights from both the political and family embeddedness perspectives, we argue that both political ties and family ties can compensate for gaps in the institutional infrastructure of emerging markets. Specifically, we propose and examine the partial su...
Article
Drawing on family firm heterogeneity research, we develop a typology of family firms using differences in family influence and firm life cycle. We offer hypotheses regarding the relationships between the different firm types and two important outcomes: Entrepreneurial orientation (EO) and performance. Applying latent profile analysis to a sample of...
Article
While previous studies focus on differences between family and nonfamily firms regarding CEO selection and executive compensation, this study investigates differences among family firms with different types of kinship ties. We find that, compared with family firms with close kinship ties, those with distant kinship ties are more likely to appoint a...
Article
This study examines how five key entrepreneurial orientation (EO) dimensions—risk taking, innovativeness, proactiveness, competitive aggressiveness, and autonomy—impact family business performance, as well as the moderating effect of socioemotional wealth (SEW) on these relationships. The findings, based on a sample of 609 Spanish and Portuguese fa...
Article
Full-text available
Goals represent an organization’s desired outcomes, and family businesses are known to pursue multiple goals, which commonly include both financial and non-financial aspects. While family business goals have garnered much attention among researchers, relatively little is known about the approaches that family businesses use to shape their idiosyncr...
Article
We investigate how the four dimensions of the dynamic capabilities (DC) construct (sensing, learning, integrating, and coordinating) individually affect firm performance and the moderating role of market orientation (MO) in the process. Our findings, based on a sample of 509 Spanish small and medium‐sized enterprises (SMEs), suggest that not all DC...
Article
Advancing the literature on Private Equity (PE) buyout negotiations and family-business decision making, we theorize and empirically confirm that sources of bargaining power (i.e., PE expertise advantage and seller's time pressure) interact differently with perceived PE bargaining power, depending upon whether the seller is a family or a non-family...
Article
We investigate how family relationship conflict and family and firm name congruence influence subjective firm valuations by family firm owner-managers. Drawing on the socioemotional wealth perspective, behavioral agency theory and mixed gamble reasonings, we hypothesize and find a U-shaped association between relationship conflict inside the family...
Article
Despite evidence pointing to differences between family and nonfamily firms regarding entrepreneurial orientation (EO), market orientation (MO), and learning orientation (LO), little is known of the relationships between these variables in the family business context. Drawing on the resource-based view (RBV) and a sample of 509 Spanish small and me...
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Although human resource (HR) professionalization can increase family firm performance through the reduction of moral hazard and adverse selection agency problems, it may introduce a unique agency problem into the family firm: the perception of organizational injustice. As such, our research suggests that the success of HR professionalization is con...
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Goals are a key differentiator between family businesses and non-family businesses. To improve understanding of this topic, the authors take stock of what they know about goals in family business. They synthesize prior research findings and classify the research into five categories: family business goal antecedents; goal characteristics; goal-rela...
Research
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The primary concern of entrepreneurship is the existence, discovery, and exploitation of entrepreneurial opportunities. Entrepreneurial opportunities come in a variety of forms, including new technologies, information asymmetries and environmental shifts, all of which tend to be industry-specific. The industrial sector is a key variable in any orga...
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The influence of the industrial sector is a long-standing assumption in entrepreneurship studies, yet the mechanisms through which the industrial sector shapes entrepreneurial phenomena and the processes through which entrepreneurial actors interact with sectors to prospect, develop, and exploit entrepreneurial opportunities remain largely under-th...
Article
Socioemotional wealth (SEW) research has been criticized for not directly assessing the locus and drivers of family members’ SEW. We propose that a social psychological approach to SEW can help address these concerns, conducting analyses on 421 articles published across 25 journals during the first decade of SEW research. We therefore assess how SE...
Article
This article theoretically and empirically intertwines agency and stewardship theories to examine their distinct and combined influences on family firms. Primary matched triadic data from CEOs, family employees, and nonfamily employees in 77 family firms suggest that agency and stewardship governance affects individual-level behavior and firm-level...
Article
In a study of family firms that included survey responses from both family CEOs and family member employees, we examined the roles that collaboration and CEO monitoring play regarding the prevalence of extra-role behavior, an important human resource outcome that can impact job performance and firm performance. Results indicated that an integration...
Article
Although many start-ups struggle to grow partly due to institutional voids in transitioning economies, empirical observations have contradicted this dominant view in the literature in that even with deficient formal institutions many economies (e.g., China) have high rates of entrepreneurship in recent years. To understand this paradox, we propose...
Article
Organizational learning can be a key shared value that perpetuates the family's and the family firm's culture across generations. Imprinting theory helps to explain the impact that lessons learned and transmitted can have on the development of human resources in the family firm. However, the results of imprinting may not necessarily be positive, pa...
Article
Purpose The purpose of this paper is to examine the differential effects of workplace stress and the use of social support by contingent vs standard employees. Design/methodology/approach Conservation of resources (COR) theory is used to frame research questions. Using content analysis of 40 interviews from individuals in the hospitality industry,...
Article
We demonstrate how latent profile analysis (LPA) can be applied to generate profiles (i.e., homogenous subgroups) in a sample of family firms. In doing so, we highlight how LPA can provide additional insight into family firm phenomena when used in conjunction with other methodological approaches (i.e., regression). We compare LPA with other techniq...
Article
In this paper, we investigate the impact of core self-evaluations on academic performance. We also test several hypotheses that describe a potential mediating effect of three types of goal orientation on the above relationship. The model developed in this paper is statistically tested on a sample of 307 college students. The results indicate that s...
Article
The extent to which assessments are shared across family members and generations has been questioned, suggesting that the variability in the family members’ perceptions may convey important family-level information. With this in mind, we theoretically and methodologically introduce dispersion modeling which is designed to use this variance as an im...
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This study examines the contingent effect of the degree of exploration characterizing strategic initiatives on the relationship between group-level organizational learning activities (i.e., searching, processing, codifying, and practicing) and the performance of strategic initiatives. Results from a sample of 96 strategic initiatives conducted by t...
Article
Upper echelon theory highlights the importance of top management teams in large and established firms; however, effects are not always clear outside of this context. Due to the unique nature of new ventures, the composition of entrepreneurial teams and its effects on performance is worthy of investigation. Accordingly, we meta-analyze the effect of...
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The resource-based view (RBV) is one of the most influential perspectives in the organizational sciences. Although entrepreneurship researchers are increasingly leveraging the RBV’s tenets, it emerged in strategic management. Despite some important similarities between entrepreneurship and strategic management, there are also important differences,...
Article
The management buyout is an important exit strategy for small business owners. Negotiations of buyout deals have received little research attention to date. This is surprising given buyout negotiations' complexity giving rise to multiple issues that require consideration and often conflicting interests of deal parties. This paper examines perceived...
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Although upper echelon literature has found evidence for the effect of executives’ characteristics on firm strategy such as the level of research and development (R&D) intensity, research on how different behaviors, values, personalities, motivations, and experiences of executives influence the R&D intensity of small and medium-sized firms is scarc...
Article
Understanding the adoption and use of technology is extremely important in the field of information systems. Not surprisingly, there are several conceptual models that attempt to explain how and why individuals use technology. Until recently, however, the role of personality in general, and the five-factor model (FFM) of personality in particular,...
Article
Agency and stewardship theories are prominent perspectives to examine myriad issues within family firms. Although considered opposing theories, both address the same phenomena: the individual-level behaviors and firm-level governance mechanisms that predict organizational outcomes. Accordingly, we review and synthesize these theories concurrently,...
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This exploratory study investigates the relationship between family members serving in an advising capacity and family firm performance. Integrating the stewardship and agency perspectives, we predict an inverted U-shaped relationship between the number of family advisors and family firm performance. We argue that the generation in control moderate...
Article
Outside directors’ pay mix determines if and to which extent a firm's designated monitor is incentivized by means of performance related (PR) pay. Owning families of public firms, still having substantial influence on the compensation process, need to balance the family's genuine interest against PR pay and non-family stakeholders’ contrasting pref...
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Nearly half of the population in Africa lives on less than $1.25 per day in what scholars refer to as base-of-the-pyramid (BOP) markets. More broadly, BOP markets account for two billion of the world's population living in extreme poverty. Household enterprises, a dominant organizational form in BOP markets, draw upon significant levels of family i...
Article
We extend recent commentary about socioemotional wealth by reviewing theory and offering suggestions aimed at enhancing the correspondence between the theoretical construct and its empirical correlate. While it is clear that the field has made vast strides since its introduction in 2007, the research literature remains diverse and disjointed: an ou...
Article
Receiving increasing attention over the past decade by scholars worldwide, family business research has developed in diverse directions. Due to the numerous challenges family businesses face in their development and continuation, research has generated a wide ranging spectrum of the subjects explored within it and a large body of knowledge as a res...
Article
In making a decision to enter into a long-term employment relationship with a firm, job seekers often compare their needs and values with the perceived organizational characteristics of the firm. In the case of family firms, the communication of family influence can be a unique factor in shaping beliefs about firm attributes. Family influence is of...
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Upper echelon theory and research on innovation have considered top management teams and their behaviour and characteristics as important factors that positively influence innovativeness and organizational outcomes. Yet, innovation research has mostly focused on individual new product projects, and their performance and impact on firm performance....
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