by Kaitlin York - Feb 28, 2017
A Rawls College of Business professor’s role is not to just teach students how to be successful in business industries, but to contribute academic research to better the business environment as a whole. Dr. Tyge Payne, the Georgie G. Snyder Professor of Strategic Management and a Jerry S. Rawls Professor, has more than excelled at these two roles and has taken the emphasis on academic research to new heights. Payne holds a Ph.D. in Strategic Management and a M.B.A., both from Texas Tech University, and has a B.S. in Pharmacy from Southwestern Oklahoma State University.
He has recently been named the new editor for the Family Business Review. The publication which was started in 1988, is published quarterly and focuses on the exploration of family-oriented businesses. For the past three years, the journal has ranked in the top 10 business journals for high impact. The journal was one of the first of its kind to focus strictly on family business, which makes it very influential in the research area.
Payne became an associate editor of the journal after publishing a few articles. When the current editor, Pramodira Sharma from the University of Vermont, decided to step down, Payne put in his application and was awarded the position.
The journal is well known and has a global reach. Payne said other researchers are sure to notice the journal’s transition to him and to Texas Tech’s Rawls College of Business. He hopes the journal’s notoriety will highlight the Rawls College as a center for excellence. He also said that the transition has the potential to attract doctoral students who are interested in the field.
Payne said his research interest in family business began about six years ago when his other research interests including social capital, entrepreneurial orientation and entrepreneurship served as natural caveats to family business research.
“Family business and entrepreneurship are usually very closely tied because most people who start a business get their capital and other forms of support from their families, adding an interesting dynamic to the business,” he said.
Family business is a relatively new field of study. It faces an uphill battle in terms of legitimacy, Payne said. A recent research study he conducted showed an increase in how rigorous and sophisticated studies in family business have become. Other research he has conducted in the area includes the study of the ethical implications surrounding family business research and how the research area can do better about maintaining ethical considerations.
“My bigger picture outlook on how to improve family business research as opposed to focusing on a particular research topic area has really set me up for the editor role,” Payne said.
Family business research will continue to grow due to the prevalence of family businesses worldwide. “Family businesses outperform non-family businesses because they have a long-term orientation as well as strong commitments,” he said. Research in family business strengthens the understanding of the success in the area.
“I feel it is the next step to take in my career; it is something that will be both challenging and rewarding at the same time,” Payne said.
Read the official announcement on the Family Firm Institute’s newsletter.