Conclusion to Part III
Pages 2

The chapters of this third part each explore specific questions and contribute to building knowledge at the junction of the fields of family and entrepreneurship. As the literature review in the Introduction to this book shows, much of the extant literature focuses on how the family influences the family business; much less is known about how the family influences entrepreneurship at other times (e.g., pre-start up, the dynastic family), other levels of analysis (e.g., the family business group), to the firm in its context (e.g., its network). These questions raise other important research issues, in particular related to appropriate research methods to capture and understand these phenomena. The collective contributions of the chapters in Part III address each of these lacunae. The framework offered to understand the influence of the couple’s relationship on launch decision and firm survival can inspire further research in that, being grounded in the Sustainable Family Business Theory, admits that families and businesses are not all identical and they can evolve differently in times of stability and change. Using Network theory to understand the family business in its context can be developed beyond the contribution in this volume by, for example, integrating social and cultural specificities of the conceptualization of family, by developing a Network theory view to entrepreneurship as effectuation, and by focusing more specifically on structural gaps. Dynastic families are at the origin of family business groups: this raises interesting questions such as how individual family members’ entrepreneurial identity influences their choice of opportunity to pursue and the mode of exploitation. 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 family business group can be explored as an additional level of analysis for entrepreneurial behaviors (in addition to the individual, the family and the family business);

• the Network theory can be used to better understand the composition and configuration of family evolution;

• effectuation can support research on decision-making of families in the prestart up phase.