Michael Carney, PhD

Michael Carney has published extensively on the corporate and organizational strategies of Asia’s family-owned business groups. His research focuses on entrepreneurship and the comparative analysis of business, financial and governance systems and their influence upon the development of firm capabilities and national competitiveness.

He is the former Editor-in-Chief of Asia Pacific Journal of Management, He has published in Journals such as the Academy of Management Journal, Academy of Management Review, Asia Pacific Journal of Management, Entrepreneurship: Theory and Practice, Family Business Review, Journal of Management Studies, Journal of World Business, Management and Organization Review, Organization Studies, and Strategic Management Journal.

Education

PhD (University of Bradford)

Areas of expertise

• Business Groups
• Family Business
• Firm and National Competitiveness

Books

Carney M &Dieleman, M.  (Eds) The De Gruyter Handbook of Business Families (2023). https://www.degruyter.com/document/isbn/9783110727968/html

(Carney, M.) Asian Business Groups: Context, Governance, and Performance. Elsevier(2008)

Peer-ReviewedPublications

Shapiro D., Estrin, S., Carney, M., & Liang, Z; (2023) “Businessgroup affiliation and export performance: the role of institutionalconfigurations”. Journal of Management Studies https://doi.org/10.1111/joms.12973

Carney, M. Estrin, Liang, Z & Shapiro, D. (2022) “Are LatinAmerican Business Groups Different? An International Political EconomyPerspective.”  Multinational BusinessReview, 30(4), 546-572 https://doi.org/10.1108/MBR-07-2021-0089

Gorji, Y.Carney, M., Prakash, R (2021) “Celebrity Couples as Business Families: A SocialNetwork Perspective” Family BusinessReview, 34(4) 365–384

JaskiewiczP., Block J., Carney M., Hansen, C, & Wagner D. (2021) “How Do Cross-Country Differences in Institutional Trust and Trust inFamily Explain the Mixed Performance Effects of Family Management?  A Meta-Analysis.”  Journal of World Business, 56:5:101-196

Braun, M., Carney, M., Duran, P., Ortiz, M., &Riutort, J. (2021) “Inheritance Tax, ShareholderProtection, and the Market Value of Family-Controlled Firms: A Cross-CountryAnalysis. Global Strategy Journal, 11:3:434-467

JaskiewiczP., Carney M., Hansen, C. (2021) “When trusting yourfamily hurts your family business” Published onlinein Harvard Business Review. Online permalink: http://hdl.handle.net/10993/47747

Liang, Z, & Carney,M. (2020) Business Group Persistence and InstitutionalMaturity: The Role of Management Practices. Industrial & Corporate Change. 29:6:1483-1503

Zhao, J., Carney, M., Zhang, S., & Zhu,L. (2020) “Strategic Change and Performance in China's Family Firms: How doesSuccession Matter?” Asia Pacific Journalof Management 37:363–389

Gorji, Y., Carney, M., &Prakash, R. (2020) Indirect nepotism: Network sponsorship, social capital andcareer performance in show business families. Journal of FamilyBusiness Strategy, 11:3:100285

Tajeddin,M., & Carney, M. (2019). African business groups: how does groupaffiliation improve SMEs’ export intensity? Entrepreneurship Theory andPractice, 43:6:1194-1222.

Ge,J., Carney, M., & Kellermanns, F. (2019). Who fills institutional voids?Entrepreneurs’ utilization of political and family ties in emergingmarkets. Entrepreneurship Theory and Practice, 43:6:1124-1147.

Carney,M; Estrin, S; Liang, S; & Shapiro, D. (2019) “National InstitutionalConfigurations, Foreign Ownership, andFirm Performance:  The Case ofUnderstudied Countries” Journal of WorldBusiness, 54:4:244-257

Nason, R., Mazzelli, A., & Carney, M. (2019) “The ties that unbind: Socializationand business-owning family reference point shift” Academy of Management Review, 44:4:846-870

Mazzelli, A., Nason,R., & Carney, M. (2019) “Dialogue:Breadth and Depth in FamilyBusiness Research: A Response to Jaskiewicz, Combs, and Ketchen.” Academy of Management Review, 44:4:919-922

Nason,R., Carney, M., Miller, D., & Le Breton-Miller, I. (2019) “Who cares about socioemotional wealth? SEW and rentierperspectives on the 1% wealthiest business households” Journal ofFamily Business Strategy 10:2:144-158

Estrin,S., Liang, Z., Shapiro, D., & Carney, M. (2019). State capitalism, economicsystems and the performance of state-owned firms. Acta Oeconomica, 69:1:175-193.

Carney, M., Estrin, S., Shapiro, D., & Van Essen, M. (2018)“Business Groups Reconsidered: Beyond Paragons and Parasites” Academy of Management Perspectives, 32:4:93-516

Carney, M., Zhao, J., &Zhu, L. (2019). Lean innovation: Family firm succession and patenting strategyin a dynamic institutional landscape. Journal of Family BusinessStrategy, 10:4:100247.

Carney,M. & Nason, R. (2018) “Family Business and the 1%” Business & Society,57:6:1191–1215

Carney, M., Duran, P., van Essen, M., & Shapiro, D. (2017).“Family firms, internationalization, and national competitiveness: Does familyfirm prevalence matter?”  Journal of Family Business Strategy, 8:3:123-136.

Carney, M., Van Essen, M. Estrin, S., &Shapiro, D. (2017) “Business Group Prevalence Across Countries and Over Time:What Can We Learn from the Literature?” MultinationalBusiness Review 25:1:54-76

Ghorbani,M. & Carney, M. (2016) “The Changing Face of China’sBillionaire-Entrepreneurs” Asia PacificJournal of Management, 33:4: 881-902

Carney, M.,Dieleman, M., & Taussig, M. (2016) “How are institutional capabilitiestransferred across borders?” Journal ofWorld Business, 51:6:882-894

Carney, M., & Jaskiewicz, P. (2015) “SixBooks That Have Shaped the Landscape of Family Firm Scholarship” Academy of Management Learning and Education,14:3:423-428

Van Essen, M., Strike, V. M., Carney,M., & Sapp, S. (2015). The resilient family firm: Stakeholder outcomes andinstitutional effects. Corporate Governance: An International Review, 23:3:167-183.Republished in CGIR virtual special issue on “Corporate Governance duringCrises” April 2020 https://onlinelibrary.wiley.com/doi/toc/10.1111/(ISSN)1467-8683.Crises-VI

Carney, M. VanEssen, M. Gedajlovic, E. & Huegens, P. (2015) “What Do We Know About PrivateFamily Firm? A Meta-Analytic Review EntrepreneurshipTheory & Practice, 39:3:513-544

Van Essen, M. Carney, M. Gedajlovic, E& Huegens, P. (2015) “How Does Family Control Influence Firm Strategy andPerformance? A Meta-Analysis of U.S. Publicly-Listed Firms”. Corporate Governance: An InternationalReview, 23(1): 3–24. Republished in CGIR virtual specialissue on “Corporate Governance during Crises” April 2020 https://onlinelibrary.wiley.com/doi/toc/10.1111/(ISSN)1467-8683.Crises-VI

Carney, M. Gedajlovic, E, & Strike, V. (2014)“Dead Money: Inheritance Law and the Longevity of Family Firms” Entrepreneurship Theory and Practice, 38:6:1261-1283

Van Essen, M. Engelen, PJ. & Carney, M. (2013) “Does ‘Good’Corporate Governance Help in a Crisis? The Impact of Country- And Firm-LevelGovernance Mechanisms in the European Financial Crisis” Corporate Governance: An International Review, 21:3:201–224

Su, E. & Carney, M. (2013) “Can China's Family Firms Create IntellectualCapital?” Asia Pacific Journal ofManagement 30: 3:657–675

Gedajlovic, E. Carney, M. Chrisman, J. &Kellermanns, FW. (2012) The Adolescence of Family Firm Research: Taking Stockand Planning for the Future. Journalof Management, 38:4:1010-1037

Reprinted in Family Business Vol 1. Pramodita Sharma& Leif Melin (Eds) Sage Library in Business and Management, London, Sage(2014)

Sharma, P. & Carney, M. (2012) “Value Creation and Performance inPrivate Family Firms: Measurement and Methodological Issues” Editorial forSpecial issue of Family Business Review25:233-242

Van Essen, M. Van Oosterhout,J. & Carney, M. (2012)“Corporate Boards and the Performance of Asian Firms: AMeta-Analysis” Asia-Pacific Journal ofManagement 29:4:873–905*Winner of Mike Peng APJM Annual Best Paper Award

Carney, M. Gedajlovic, E. Huegens, P. Van Essen, M. & Van Oosterhout, J. (2011) “Business Group Affiliation, Performance, Context, andStrategy: A Meta-Analysis” Academy ofManagement Journal 54:3:437-460

Carney, M.Gedajlovic, E. & Sur, S. (2011) ‘Corporate Governance and StakeholderConflict’ Journal of Management &Governance 15:3:483-507

Carney, M. & Dieleman, M. (2011) “Indonesia’s Missing Multinationals: Business Groups andOutward Direct Investment” Bulletinof Indonesian Economic Studies 47:1:63-84

Gedajlovic, E. & Carney, M., (2010)“Markets, Hierarchies, and Families: Toward a Transaction Costs Theory of theFamily Firm’ Entrepreneurship Theory& Practice, 34:6:1145-1171

Carney, M. Shapiro, D. & Tang, T.(2009) ‘Business Group Performance in China: Ownership and Temporal Considerations.’Management and Organization Review, 5:2:167-193

Carney, M. Gedajlovic, E. & Yang, X. (2009) ‘Varieties of Asian Capitalism: Toward an InstitutionalTheory of Asian Enterprise’ Asia-Pacific Journal of Management 26:3:361-380

Reprinted in State Capitalism, Barbara Krug, (Ed) Edward Elgar,Cheltenham (2014)

Reprinted in Asian Business & Management Michael A. Witt (Ed) Sage Library in Business andManagement, London, Sage (2012)

Carney, M. (2008) ‘The many futures of Asian Business Groups’ Asia-Pacific Journal of Management, 25:4:595-613

Lamertz, K. Carney, M. & Bastien, F. (2008) ‘Image on the Internet: Inter-organizationalisomorphism in image management by professional soccer clubs.’ InternationalJournal of Sport Management and Marketing3:3:242-262

Carney, M. (2007) ‘Minority Family Firms inEmerging Markets: Organization Forms and Competitive Advantage.’ Family Business Review 20:4:289-300

Carney, M., &Farashahi, M. (2006) ‘Transnational institutions in developing countries: thecase of Iranian civil aviation.’ Organization Studies, 27:1:53-77

Carney, M., &Dostaler, I. (2006) ‘Airline ownership and control: A corporate governanceperspective.’  Journal of Air Transport Management, 12:2:63-75.

 Carney,M. (2005) ‘Corporate governance and competitive advantage in family-controlledfirms.’ Entrepreneurship Theory and Practice 29:3:249-265

Reprinted in ‘Fundamentals ofCorporate Governance’ Thomas Clarke and Marie de la Rama (Eds), Sage Libraryin Business and Management (2008)

Reprinted in Family Business Vol 4. Pramodita Sharma& Leif Melin (Eds) Sage Library in Business and Management, London, Sage(2014)

Carney, M. (2005) ‘Globalization and therenewal of Asian business networks’ Asia Pacific Journal of Management 22:337-354

Carney, M. (2004) ‘The Institutions ofIndustrial Restructuring in Southeast Asia’ Asia Pacific Journal ofManagement 21:171-188

Carney, M. &Mew, K. (2003) ‘AirportGovernance Reform: A Strategic Management Perspective’ Journal of AirTransport Management 9:221-232

Carney, M.& Gedajlovic, E. (2003) ‘Strategic Innovationand the Administrative Heritage of East Asian Chinese Family Business Groups’Asia Pacific Journal of Management 20:5-26

Carney M.& Gedajlovic, E. (2002) ‘CoupledOwnership & Control and the Allocation Of Financial Resources: EvidenceFrom Hong Kong’ Journal of Management Studies 39:1:123-146 

Carney M. & Gedajlovic, E. (2002) ‘The Co-Evolution of InstitutionalEnvironments and Organizational Strategies: The Rise of Family Business Groupsin the ASEAN Region’ Organization Studies 23:1:1-29

Reprinted inOrganizational Learning & KnowledgeManagement William H. Starbuck (Ed.) Edward Elgar, Cheltenham (2007).

Alsoreprinted in New Directions inOrganization Studies Stewart R Clegg (Ed) Sage Publications, London(2009)

Alsoreprinted in Asian Business & Management Michael A Witt (Ed) Sage Library in Business andManagement, London, Sage (2012)

Carney M. & Gedajlovic, E. (2002) ‘Institutional Change and Firm Adaptation:Toward a Typology of Southeast Asian Corporate Forms’ Asia Pacific Business Review 8:3:31-60

Backx, M. Carney, M. &Gedajlovic, E. (2002) ‘Public, private and mixed ownership modes and theperformance of international airlines’ Journal of Air Transport Management 8:4:213-220

Carney, M & Gedajlovic, E. (2001) ‘Corporate Governance and Firm Capabilities: A Comparisonof Managerial, Alliance, and Personal Capitalisms’ Asia-Pacific Journal of Management18:337-356

Carney, M & Gedajlovic, E. (2000) ‘EastAsian Financial Systems and the transition from investment-driven to innovationdriven economic development’ InternationalJournal of Innovation Management 4:3:253-276

Carney, M. & Davies, H. (1999) ‘From Entrepot to Entrepot via MerchantManufacturing: Adaptive Mechanisms, Organizational Capabilities and theStructure of the Hong Kong Economy’ AsiaPacific Business Review 6:1:13-32

Reprintedin Managed in Hong Kong: AdaptiveSystems, Enterpreneurship, and Human Resources Chris Rowley &Robert  Fitzgerald (Eds.) London: FrankCass, (2000)

Carney, M. (1998) ‘The Competitiveness ofNetworked Production: The Role of Asset Specificity and Trust’ Journal of Management Studies 35:4:457-480

Carney, M. (1998) ‘A Management-Capacity Constraint? Obstacles to the Development of theOverseas Chinese Family Business’ Asia-PacificJournal of Management  15:2:137-1621-25

Carney, M. (1997) ‘State developmentstrategies for small business: The role of structural service agencies’ International Journal of InnovationManagement. 1:2:151-172

Carney, M. (1992) ‘The Incentive Structuresof Cooperative Retail Buying Groups’ Economicand Industrial Democracy, 13:207-231

Carney, M. & Gedajlovic, E. (1991) ‘VerticalIntegration in Franchise Systems: Agency Theory and Resource Explanations’ Strategic Management Journal, 12:8:607‑629

Carney, M. (1987) ‘The Strategy andStructure of Collective Action’ OrganizationStudies, 8:4: 341‑362

Butler, RJ. & Carney, M. (1987) ‘PublicChoice, Ambiguity, and Regulation’ ScandinavianManagement Journal 3: 3:233-253

Butler, RJ. & Carney, M. (1986) ‘Strategyand Strategic Choice: The Case of Telecommunications’ Strategic Management Journal 7:2:161‑171

Carney, M. (1986) ‘Strategy in theTelecommunications Market: The Effects of Liberalization and Competition’ Telecommunications Policy 10:3:245‑258

Butler, RJ. & Carney, M. (1983) ‘ManagingMarkets: Implications for the Make‑buy Decision’ Journal of Management Studies 20:2:213‑232