Lloyd Steier

Distinguished Chair - Entrepreneurship & Family Enterprise, Professor - Strategic Management & Organization, Vice Dean - School of Business, Academic Director - Centre for Entrepreneurship & Family Enterprise, Academic Director - Alberta Business Family Institute

Alberta School of Business

Strategic Management and Organization

About Me

Lloyd Steier is a Professor in the Department of Strategic Management and Organization at the University of Alberta School of Business. He holds a Distinguished Chair in Entrepreneurship and Family Enterprise and is the Academic Director of both the Centre for Entrepreneurship and Family Enterprise and the Alberta Business Family Institute.

His research interests span family business, strategic management, organizational theory, and entrepreneurship; he is particularly interested in how entrepreneurs use family as a resource during new venture creation, as well as the ways in which “family based” approaches to organizing economic activity confers strategic advantage at both firm and societal levels. He is one of three editors for a new special issue on “Strategic Entrepreneurship in Family Enterprise” in the Strategic Entrepreneurship Journal.

Dr. Steier is an active and recognized family business scholar internationally and one of the founders and hosts of the international Theories of Family Enterprise Academic Conference. He is a co-editor of numerous special issue publications on Family Business in Entrepreneurship Theory and Practice, was a co-editor for a special issue on Family Business in the Journal of Business Venturing, and is an active reviewer for most leading journals in the field. In addition, he is on the editorial boards of Academy of Management Perspectives, Family Business Review, and the Journal of Family Business Strategy, and serves as vice-president for the International Family Enterprise Research Academy. A 2009 Family Business Review article “Family Business Research in the New Millennium” —utilizing a quality/quantity index of publications in 30 management journals—ranked Lloyd and the University of Alberta as number one in the individual and institutional research productivity categories.

An active educator in family business, Dr. Steier teaches undergraduate, MBA and PHD-level students and played a key role in developing a substantial family enterprise curriculum at the University of Alberta. In 2008 he was a visiting Professor at the Institute of Economic Research, Hitotsubashi University, Japan. He is the recipient of a number of teaching awards and was awarded a Killam professorship for 2007/08 and a McCalla Professorship for 2008. He has also worked with numerous public and private sector organizations in facilitator, speaker, consulting, and executive development roles.

In 2010, Dr. Steier received the Barbara Hollander Award, bestowed annually in honor of Family Firm Institute’s founding president, to the individual who best exemplifies her “love of education and learning, commitment to social causes, dedication to civic responsibility, and belief in the human capacity to change for the better.”


2010 Barbara Hollander Award (Family Firm Institute)

2008-09 McCalla Professorship

2007-08 Killam Professorship


Research Interests

  • New venture creation
  • Venture capital
  • Family enterprise

Recent Publications

Steier, L., & Miller, D. 2010. Pre- and post-succession governance philosophies in entrepreneurial family firms. Journal of Family Business Strategy. 1/3:145-154.

Eddleston, K.A., Chrisman, J.J., Steier, L.P. & Chua, J.H. 2010. Governance and Trust in Family Firms: An Introduction. Entrepreneurship Theory and Practice. 34/6: 1043-1056.

Steier, L. 2009. Where Do New Firms Come From? Households, Family Capital, Ethnicity, and the Welfare Mix. Family Business Review. 22/3: 273-278.

Steier, L. 2009. Familial Capitalism in Global Institutional Contexts: Implications for Corporate Governance and Entrepreneurship in East Asia. Asia Pacific Journal of Management. 26/3: 513-535.

Chrisman, J., Steier, L., & Chua, J. 2009. Embeddedness Perspectives of Economic Action within Family Firms. Introduction to Entrepreneurship Theory and Practice. 33/6:1157.

Heck, Ramona K. Z., Hoy, Frank, Poutziouris, Panikkos Z., Steier, Lloyd. 2008. Emerging Paths of Family Entrepreneurship Research. Journal of Small Business Management. 46/3: 317-330.

Chrisman, J., Steier, L., & Chua, J. 2008. Toward a theoretical basis for understanding the dynamics of strategic performance in family firms. Entrepreneurship Theory and Practice. 32/6: 935-947.

Heck, R.K.Z., Hoy, F., Poutziouris, P.Z., & Steier, L.P. 2008. Emerging paths of family entrepreneurship research. Journal of Small Business Management. 46/3: 317-330.

Steier, L. 2007. New venture creation and organization: A familial sub-narrative. Journal of Business Research. 60: 1099-1107.

Steier, L. 2007. Creating lasting value in family firms. Globe and Mail. November 12. BF2.

Chua, J., Steier, L., & Chrisman, J. 2006. How family firms solve intra-family agency problems using interlocking directorates: A comment. Entrepreneurship Theory and Practice. 30/6: 777-783.

Steier, L., & Ward, J. 2006. If theories of family enterprise really do matter so does change in management education. Entrepreneurship Theory and Practice. 30/6: 887-895.

Miller, D., Steier, L., & Le Breton-Miller, I. 2006. Lost in time: intergenerational succession, change and failure in family business. In P.Poutziouris, K. Smyrnios & S.Klein (Eds.) Handbook of Research on Family Business. Cheltenham, UK: Edward Elgar Publishing.

Chrisman, J.J., Steier, L.P., & Chua, J.H. 2006. Personalism, particularism, and the competitive behaviors and advantages of family firms: An introduction. Entrepreneurship Theory and Practice. 30/6: 719-729.