chapter
Conclusion to Part II
ByGIOVANNA DOSSENA
Pages 1

The chapters of this second part each explore specific questions and contribute to building knowledge at the junction of the fields of family and family business. As the literature review in the Introduction to this book shows, much of the extant literature focuses on how the family influences the business; there is a paucity of knowledge on the reverse causality. A second important point relates to the static and culturally specific definition of family: there is very little research on conceptualizations of family other than the nuclear family prevalent in the US until a decade ago. The main contributions of this second part relate precisely to addressing these caveats. The framework enlightening how entrepreneurial identity, on the individual, family and organizational levels, is formed and evolves over time can support future research in entrepreneurship, family science and family business research. This work can be usefully expanded to questions such as how entrepreneurial identity influences preferred modes of entrepreneurial behaviors or actions. First elements of response to the question of family business’ influence on families are offered in relation to the allocation of financial rewards. Future research can further explore the influence of trust and altruism on other firm factors which influence the family, such as work-family balance or even criteria which influence inclusion in the family. The chapter which extends the utilization of socio-emotional wealth to understanding a business family’s entrepreneurial behaviors and its consequences on intrafamily entrepreneurship, as well as the influence of individual family members’ SEW on intrafamily SEW can usefully support further research, in particular by diversifying the prisms of entrepreneurial behaviors as well as seeking reciprocal influences at the different levels (individual, family, family business) and mobilizing different conceptualizations of family to understand the relative strength of this framework. In addition to the specific suggestions for further research detailed in each chapter, here we note the main common points which deserve more attention:

• the influence conceptualizations of family, which consider social and cultural specificities, and how they impact the family business;

• the differences in common law and civil law as to the rights and responsibilities of family members and how this influences entrepreneurial behaviors or exit strategies.