The humanistic state in family firms: Exploring the significance of socioemotional wealth and culture as drivers of stewardship

IF 9.8 1区管理学 Q1 BUSINESS Journal of Business Research Pub Date : 2025-02-01 Epub Date: 2025-01-26 DOI:10.1016/j.jbusres.2025.115212

Carl Åberg , Charlotte Haugland Sundkvist , Giovanna Campopiano

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Abstract

This study investigates the interplay between stewardship and socioemotional wealth (SEW) in family firms. We examined how family control and influence, and family members’ identification, as key SEW dimensions impacted family-firm stewardship. We further investigated these relationships, hypothesizing that they are contingent on power distance and uncertainty avoidance as relevant cultural dimensions. Hypotheses were tested using a survey dataset of 2,439 family firms across 70 countries. The results reveal that family control and influence, and family members’ identification, respectively reflecting the legal and psychological ownership of the business family aiming to protect its SEW, are positively associated with stewardship family-oriented goals. We also found that the positive impact of business family psychological ownership on stewardship family-oriented goals became weaker in cultures characterized by high power distance. For those embedded in high uncertainty avoidance cultures, the positive impact of business family legal ownership on stewardship family-oriented goals is stronger.

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家族企业中的人文主义状态：探索社会情感财富和文化作为管理驱动因素的意义

本研究探讨家族企业管理与社会情感财富（SEW）之间的相互作用。我们研究了家族控制和影响，以及家族成员的认同，作为关键的SEW维度如何影响家族企业管理。我们进一步研究了这些关系，假设它们取决于权力距离和不确定性回避作为相关的文化维度。研究人员使用来自70个国家的2439家家族企业的调查数据集对假设进行了检验。结果表明，家族控制和影响以及家族成员的认同，分别反映了企业家族旨在保护其SEW的法律和心理所有权，与管理家族导向目标正相关。我们还发现，在高权力距离的文化中，企业家族心理所有权对管理家族导向目标的正向影响减弱。对于那些嵌入在高度不确定性规避文化中的企业，企业家族法律所有权对管理家族导向目标的积极影响更强。

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来源期刊

Journal of Business Research BUSINESS-

CiteScore

20.30

自引率

10.60%

发文量

956

期刊介绍： The Journal of Business Research aims to publish research that is rigorous, relevant, and potentially impactful. It examines a wide variety of business decision contexts, processes, and activities, developing insights that are meaningful for theory, practice, and/or society at large. The research is intended to generate meaningful debates in academia and practice, that are thought provoking and have the potential to make a difference to conceptual thinking and/or practice. The Journal is published for a broad range of stakeholders, including scholars, researchers, executives, and policy makers. It aids the application of its research to practical situations and theoretical findings to the reality of the business world as well as to society. The Journal is abstracted and indexed in several databases, including Social Sciences Citation Index, ANBAR, Current Contents, Management Contents, Management Literature in Brief, PsycINFO, Information Service, RePEc, Academic Journal Guide, ABI/Inform, INSPEC, etc.