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Until the early 1980s, serious academic research on family businesses was sparse, to say the least. The scholarship that did exist was primarily based on anecdotal evidence, and mostly biased toward the negative effects of family involvement, particularly in terms of nepotism and family feuds undermining a firm's performance and familial relationships. Considered at best an example for how not to manage a business, family business was deemed not worthy of scientific attention. This has changed dramatically over the past three decades and this new Routledge Major Works collection...

This timely study examines the emotional and behavioral reactions to mergers and acquisitions. Astrachan's central focus is on separation anxiety-the cognitive and emotional state caused by cues of impending departures. He used a simulation of a merger situation to examine the effects of anxiety about employee departures on individuals and work groups in an existing company. Specific questions addressed include: Is separation anxiety stimulated by the anticipated termination of work group members? Does the number of people who are leaving a group affect anxiety? How do the experiences of...