Justin W. Webb

Household Enterprise in Base-of-the-Pyramid Markets: the Influence of Institutions and Family Embeddedness

Nearly half of the population in Africa lives on less than

The Intersection of Family Firms and Institutional Contexts: A Review and Agenda for Future Research:

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 worlds population living in extreme poverty. Household enterprises, a dominant organizational form in BOP markets, draw upon significant levels of family involvement. In order to cope with poverty, the involvement often includes inputs from elderly to young family members. Yet, we have little understanding of how family embeddedness influences household enterprise outcomes in BOP markets. The article presents a model that explains how the institutional environments with BOP markets influence family embeddedness in the household enterprise, and how family embeddedness influences household enterprises’ poverty-related outcomes (i.e., subsistence and child well-being). It also examines how household enterprises can draw upon income diversification strategies to reduce their vulnerability to poverty. The theory presented herein provides a foundation for scholars to examine family firm-related issues in BOP markets.

Journal Editors’ Visions, Strategies, and Experiences

Examination of family firms’ interactions with institutional contexts has been a major research stream within family business scholarship. This study reviews three decades of research at the intersection of family firms and institutional contexts. Our review sample includes 124 articles published in 24 top-level journals across several disciplines. We adopt an institutional theory lens to synthesize this literature and explicate main understandings about how family firm behaviors/outcomes are influenced by or may influence formal and informal institutions in their institutional contexts. Moreover, we discuss major research gaps and unproductive biases in this research area and provide directions for future research.

Funders' positive affective reactions to entrepreneurs' crowdfunding pitches: The influence of perceived product creativity and entrepreneurial passion

Building on insights of interviews with editors of nine leading journals in the fields of management, entrepreneurship, and family business, we provide insights on the editors’ job. We reveal how editors strategically determine and implement a vision for their journal, how they integrate the editing job into their work routines, and what insights they want to share with potential incoming editors.