{"title":"The Will to Sustain Through Shocks, Wars and Crises: How the History of a Country Influences the Behaviour of the Family CEO","authors":"Soumaya El Hayek Sfeir, Andreas Kallmuenzer","doi":"10.1007/s10834-024-09985-5","DOIUrl":null,"url":null,"abstract":"<p>What affects family CEO behaviour? The answer to this question is fundamental if we aim to understand the decisions of family CEOs, in particular when facing a crisis. In this article, we examine how the history of a country, in our case Lebanon in the Middle-East, influences the behaviour of CEOs. We particularly focus on family firms as history-dense organizations with its multiple adversities. Investigating this neglected aspect of history research, we emphasize the role of environment in shaping the decision making of family CEOs. Drawing on neuroscience and particularly on mental time travel, we explore the influence of the shocks these people have experienced in their country and how their actions are inspired by what they have previously lived. Our findings from a longitudinal study of five cases show that when family firms face the dual challenge of survival and growth in a turbulent environment, the family CEO has to make bold decisions.</p>","PeriodicalId":39675,"journal":{"name":"Journal of Family and Economic Issues","volume":"63 1","pages":""},"PeriodicalIF":2.3000,"publicationDate":"2024-09-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Family and Economic Issues","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1007/s10834-024-09985-5","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
What affects family CEO behaviour? The answer to this question is fundamental if we aim to understand the decisions of family CEOs, in particular when facing a crisis. In this article, we examine how the history of a country, in our case Lebanon in the Middle-East, influences the behaviour of CEOs. We particularly focus on family firms as history-dense organizations with its multiple adversities. Investigating this neglected aspect of history research, we emphasize the role of environment in shaping the decision making of family CEOs. Drawing on neuroscience and particularly on mental time travel, we explore the influence of the shocks these people have experienced in their country and how their actions are inspired by what they have previously lived. Our findings from a longitudinal study of five cases show that when family firms face the dual challenge of survival and growth in a turbulent environment, the family CEO has to make bold decisions.
期刊介绍：
Journal of Family and Economic Issues is an interdisciplinary publication that explores the intricate relationship between the family and its economic environment. Peer-reviewed contributions address important issues in family management, household labor and productivity, relationships between economic and non-economic issues including health and healthcare, as well as interrelations between external settings and family life, including family policy, work, and community. The journal features the following types of submissions: original research, critical reviews, brief communications, invited letters to the editor, and reviews of significant books on the field.
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