Pub Date : 2021-04-26DOI: 10.1177/08944865211008350
J. Daspit, James J. Chrisman, Triss Ashton, Nicholas E. Evangelopoulos
While progress has been made in recent years to understand the differences among family firms, insights remain fragmented due, in part, to an incomplete understanding of heterogeneity and the scope of differences that exist among family firms. Given this, we offer a definition of and review the literature on family firm heterogeneity. A latent semantic analysis of 781 articles from 33 journals identified nine common themes of family firm heterogeneity. For each theme, we review scholarly progress made and highlight differences among family firms. Additionally, we offer directions for advancing the study of family firm heterogeneity.
{"title":"Family Firm Heterogeneity: A Definition, Common Themes, Scholarly Progress, and Directions Forward","authors":"J. Daspit, James J. Chrisman, Triss Ashton, Nicholas E. Evangelopoulos","doi":"10.1177/08944865211008350","DOIUrl":"https://doi.org/10.1177/08944865211008350","url":null,"abstract":"While progress has been made in recent years to understand the differences among family firms, insights remain fragmented due, in part, to an incomplete understanding of heterogeneity and the scope of differences that exist among family firms. Given this, we offer a definition of and review the literature on family firm heterogeneity. A latent semantic analysis of 781 articles from 33 journals identified nine common themes of family firm heterogeneity. For each theme, we review scholarly progress made and highlight differences among family firms. Additionally, we offer directions for advancing the study of family firm heterogeneity.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"34 1","pages":"296 - 322"},"PeriodicalIF":8.8,"publicationDate":"2021-04-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/08944865211008350","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48716249","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-04-17DOI: 10.1177/08944865211008062
K. Madison, K. Eddleston, F. Kellermanns, G. Powell
We extend relational demography theory by introducing kinship as a new demographic characteristic of categorization. We theorize that family firm employees’ kinship similarity (family vs. nonfamily), kinship tie (child vs. other familial relationship), and gender (female vs. male) uniquely affect their organizational citizenship behavior (OCB). Data collected from 209 family CEO–employee dyads indicate that male family employees, especially sons of the CEO, display the highest OCB when altruistic leadership behavior is high, whereas daughters and other female family employees display consistently high OCB, confirming that employees’ experiences in family firms are simultaneously shaped by their kinship characteristics and gender.
{"title":"Kinship and Gender in Family Firms: New Insights Into Employees’ Organizational Citizenship Behavior","authors":"K. Madison, K. Eddleston, F. Kellermanns, G. Powell","doi":"10.1177/08944865211008062","DOIUrl":"https://doi.org/10.1177/08944865211008062","url":null,"abstract":"We extend relational demography theory by introducing kinship as a new demographic characteristic of categorization. We theorize that family firm employees’ kinship similarity (family vs. nonfamily), kinship tie (child vs. other familial relationship), and gender (female vs. male) uniquely affect their organizational citizenship behavior (OCB). Data collected from 209 family CEO–employee dyads indicate that male family employees, especially sons of the CEO, display the highest OCB when altruistic leadership behavior is high, whereas daughters and other female family employees display consistently high OCB, confirming that employees’ experiences in family firms are simultaneously shaped by their kinship characteristics and gender.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"34 1","pages":"270 - 295"},"PeriodicalIF":8.8,"publicationDate":"2021-04-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/08944865211008062","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46305238","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-03-01DOI: 10.1177/0894486520985630
P. Picone, Alfredo De Massis, Yi Tang, Ronald F. Piccolo
Considering the heterogeneity of family firm behaviors as reflecting the values, biases, and heuristics of individuals, we discuss the implications of the psychological foundations of management in family firms. We develop a conceptual framework for investigating how the values, biases, and heuristics of family and nonfamily members affect strategic decision-making and the outcomes of family firms. To advance the field, we put forward some relevant questions and offer a future research agenda at the intersection of the psychological foundations of management and family business.
{"title":"The Psychological Foundations of Management in Family Firms: Values, Biases, and Heuristics","authors":"P. Picone, Alfredo De Massis, Yi Tang, Ronald F. Piccolo","doi":"10.1177/0894486520985630","DOIUrl":"https://doi.org/10.1177/0894486520985630","url":null,"abstract":"Considering the heterogeneity of family firm behaviors as reflecting the values, biases, and heuristics of individuals, we discuss the implications of the psychological foundations of management in family firms. We develop a conceptual framework for investigating how the values, biases, and heuristics of family and nonfamily members affect strategic decision-making and the outcomes of family firms. To advance the field, we put forward some relevant questions and offer a future research agenda at the intersection of the psychological foundations of management and family business.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"34 1","pages":"12 - 32"},"PeriodicalIF":8.8,"publicationDate":"2021-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0894486520985630","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44596945","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-03-01DOI: 10.1177/0894486521995268
Donald O. Neubaum, G. Tyge Payne
In March of 2020, the opening editorial in Family Business Review (FBR) acknowledged the importance of family in our lives and highlighted—that how, among all the relationships we have with others, both personal and professional, familial relationships represent the most relevant and central of all (Payne, 2020). The family psychology literature notes that the symbolic and metaphorical representations of the maternal and paternal pillars of the family deeply influence our perceptions of the world around us (Tognazzo & Neubaum, 2020). Since the release of that issue, the entire world (along with our way of life) has been disrupted by the pandemic, ushering in many unforeseen challenges and changes that have left no relationship or part of our society undisturbed. The way we interact with others has been undeniably altered. Among the many trials emerging over the past year, the most difficult are arguably those that involve the inextricable balance between family and work. Of our many roles—as parents, children, spouses, partners, managers, teachers, employees, business owners, and caretakers, and so on—there persists a demand to continually monitor and assess situations to ensure the shortand long-term well-being of the many people around us. Priorities and routines change. Although great strides have been made to “flatten the curve” of COVID-19 infections and help society navigate the hardships stemming from social distancing (e.g., the evolution of virtual meeting platforms, more extensive work-from-home structures, touch-free retailing, and remote schooling), many of these efforts tend to remind us of the importance of close relationships, and especially, close familial relationships. As these changes have reminded us of the value of such relationships, which can occasionally be taken for granted, we are also reminded of the strength and impact of familial relationships in the context of a firm. Given the integral role of the family in many firms, these changes in our society have underscored, by association and necessity, the tight-knit and mutual dependence between families and business. One clear lesson learned these past months is how the well-being of the economy, and society at large, is simultaneously dependent on the interwoven wellbeing of our family and business systems. If nothing else, 2020 has perhaps ushered in a new era of relevance for family businesses, making our field all the more obvious and imperative to the world. It is with this realization that we suggest family business scholars move forward with confidence, recognizing that our work has a unique and important role to play; we can make a difference in how businesses and society respond to the many challenges and associated opportunities that have emerged or will soon emerge. We believe the current crisis may be particularly impactful on family businesses, and as such, the way scholars view the underlying assumption to family business research may require significant ret
{"title":"The Centrality of Family","authors":"Donald O. Neubaum, G. Tyge Payne","doi":"10.1177/0894486521995268","DOIUrl":"https://doi.org/10.1177/0894486521995268","url":null,"abstract":"In March of 2020, the opening editorial in Family Business Review (FBR) acknowledged the importance of family in our lives and highlighted—that how, among all the relationships we have with others, both personal and professional, familial relationships represent the most relevant and central of all (Payne, 2020). The family psychology literature notes that the symbolic and metaphorical representations of the maternal and paternal pillars of the family deeply influence our perceptions of the world around us (Tognazzo & Neubaum, 2020). Since the release of that issue, the entire world (along with our way of life) has been disrupted by the pandemic, ushering in many unforeseen challenges and changes that have left no relationship or part of our society undisturbed. The way we interact with others has been undeniably altered. Among the many trials emerging over the past year, the most difficult are arguably those that involve the inextricable balance between family and work. Of our many roles—as parents, children, spouses, partners, managers, teachers, employees, business owners, and caretakers, and so on—there persists a demand to continually monitor and assess situations to ensure the shortand long-term well-being of the many people around us. Priorities and routines change. Although great strides have been made to “flatten the curve” of COVID-19 infections and help society navigate the hardships stemming from social distancing (e.g., the evolution of virtual meeting platforms, more extensive work-from-home structures, touch-free retailing, and remote schooling), many of these efforts tend to remind us of the importance of close relationships, and especially, close familial relationships. As these changes have reminded us of the value of such relationships, which can occasionally be taken for granted, we are also reminded of the strength and impact of familial relationships in the context of a firm. Given the integral role of the family in many firms, these changes in our society have underscored, by association and necessity, the tight-knit and mutual dependence between families and business. One clear lesson learned these past months is how the well-being of the economy, and society at large, is simultaneously dependent on the interwoven wellbeing of our family and business systems. If nothing else, 2020 has perhaps ushered in a new era of relevance for family businesses, making our field all the more obvious and imperative to the world. It is with this realization that we suggest family business scholars move forward with confidence, recognizing that our work has a unique and important role to play; we can make a difference in how businesses and society respond to the many challenges and associated opportunities that have emerged or will soon emerge. We believe the current crisis may be particularly impactful on family businesses, and as such, the way scholars view the underlying assumption to family business research may require significant ret","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"34 1","pages":"6 - 11"},"PeriodicalIF":8.8,"publicationDate":"2021-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0894486521995268","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47233624","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-11-09DOI: 10.1177/0894486520961645
Nadine H. Kammerlander, H. Patzelt, Judy Behrens, Christian W. Röhm
Organizational ambidexterity is vital for family firms’ long-term success, yet we still lack sufficient insights into the role of family involvement in top management in this context. Building on research on family firm innovation and diversity, we argue there are curvilinear relationships between family involvement in top management and exploration, exploitation, and organizational ambidexterity. We further propose that these (inverse) U-shaped relationships are affected by family CEOs’ family-centered noneconomic goals. Multisource data on 109 family-managed firms support most of our hypotheses and provide a nuanced understanding of how diversity within top management affects family firms’ innovative behavior.
{"title":"Organizational Ambidexterity in Family-Managed Firms: The Role of Family Involvement in Top Management","authors":"Nadine H. Kammerlander, H. Patzelt, Judy Behrens, Christian W. Röhm","doi":"10.1177/0894486520961645","DOIUrl":"https://doi.org/10.1177/0894486520961645","url":null,"abstract":"Organizational ambidexterity is vital for family firms’ long-term success, yet we still lack sufficient insights into the role of family involvement in top management in this context. Building on research on family firm innovation and diversity, we argue there are curvilinear relationships between family involvement in top management and exploration, exploitation, and organizational ambidexterity. We further propose that these (inverse) U-shaped relationships are affected by family CEOs’ family-centered noneconomic goals. Multisource data on 109 family-managed firms support most of our hypotheses and provide a nuanced understanding of how diversity within top management affects family firms’ innovative behavior.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"33 1","pages":"393 - 423"},"PeriodicalIF":8.8,"publicationDate":"2020-11-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0894486520961645","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47839204","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-10-30DOI: 10.1177/0894486520968826
K. Bormann, Sabrina Backs, Christina Hoon
Based on stewardship theory and social role theory, we examine the bounded nature of nonfamily employees’ individual stewardship behaviors (i.e., organizational citizenship behavior, OCB) in family firms. We expect stewardship culture to make male (female) employees’ OCB more (less) affect-driven. In Study 1, we used data from family and nonfamily firms’ employees to establish the unique manifestation of stewardship in family firms. Study 2 was a diary study of nonfamily employees. As expected, for women, we found stewardship culture to attenuate the relationships between affect and OCB. For men, stewardship culture strengthened the relationship between affect and OCB.
{"title":"What Makes Nonfamily Employees Act as Good Stewards? Emotions and the Moderating Roles of Stewardship Culture and Gender Roles in Family Firms","authors":"K. Bormann, Sabrina Backs, Christina Hoon","doi":"10.1177/0894486520968826","DOIUrl":"https://doi.org/10.1177/0894486520968826","url":null,"abstract":"Based on stewardship theory and social role theory, we examine the bounded nature of nonfamily employees’ individual stewardship behaviors (i.e., organizational citizenship behavior, OCB) in family firms. We expect stewardship culture to make male (female) employees’ OCB more (less) affect-driven. In Study 1, we used data from family and nonfamily firms’ employees to establish the unique manifestation of stewardship in family firms. Study 2 was a diary study of nonfamily employees. As expected, for women, we found stewardship culture to attenuate the relationships between affect and OCB. For men, stewardship culture strengthened the relationship between affect and OCB.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"34 1","pages":"251 - 269"},"PeriodicalIF":8.8,"publicationDate":"2020-10-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0894486520968826","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46481754","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-10-26DOI: 10.1177/0894486520967832
Feifei Lu, H. Kwan, Zhu Zhu
Drawing on upper echelons theory, this study examines how the traditionality of family chief executive officers (CEOs) influences the selection of their successors, and how this relationship is moderated by two dimensions of socioemotional wealth. Recognizing the central role of CEOs in determining successors, we show that a family CEO’s cultural values regarding traditionality have a significant positive effect on the probability that a family member is chosen as successor. We find that this relationship is strengthened by the family members’ identification with the firm and weakened by the family members’ sense of dynasty. Our contributions to theory and practice are discussed.
{"title":"The Effects of Family Firm CEO Traditionality on Successor Choice: The Moderating Role of Socioemotional Wealth","authors":"Feifei Lu, H. Kwan, Zhu Zhu","doi":"10.1177/0894486520967832","DOIUrl":"https://doi.org/10.1177/0894486520967832","url":null,"abstract":"Drawing on upper echelons theory, this study examines how the traditionality of family chief executive officers (CEOs) influences the selection of their successors, and how this relationship is moderated by two dimensions of socioemotional wealth. Recognizing the central role of CEOs in determining successors, we show that a family CEO’s cultural values regarding traditionality have a significant positive effect on the probability that a family member is chosen as successor. We find that this relationship is strengthened by the family members’ identification with the firm and weakened by the family members’ sense of dynasty. Our contributions to theory and practice are discussed.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"34 1","pages":"213 - 234"},"PeriodicalIF":8.8,"publicationDate":"2020-10-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0894486520967832","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44369171","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-10-21DOI: 10.1177/0894486520967765
J. Short, G. Tyge Payne
The role words and narratives play in understanding rich relationships critical to family business cannot be overstated. This truth was highlighted by a recent landmark case resulting in the awarding of $572 million dollars to the state of Oklahoma based on opioid marketing in a case against a firm Oklahoma Attorney General Mike Hunter often disparagingly referred to as “a family company.” Unfortunately, however, the Attorney General was mistakenly referencing SC Johnson and their famous tagline rather than Johnson & Johnson— the corporation involved in the case. In response to this misstep CEO and chairman of SC Johnson H. Fisk Johnson threatened litigation until the Attorney General promised to refrain from this incorrect name association in the future (Kopecki, 2019). In addition to the attention to careless use of words surrounding his well-known family firm, H. Fisk Johnson provided an illuminating family business narrative when he released a full-page ad explicitly outlining the issues associated with cavalier use of their name. In part, he notes,
{"title":"In Their Own Words: A Call for Increased Use of Organizational Narratives in Family Business Research","authors":"J. Short, G. Tyge Payne","doi":"10.1177/0894486520967765","DOIUrl":"https://doi.org/10.1177/0894486520967765","url":null,"abstract":"The role words and narratives play in understanding rich relationships critical to family business cannot be overstated. This truth was highlighted by a recent landmark case resulting in the awarding of $572 million dollars to the state of Oklahoma based on opioid marketing in a case against a firm Oklahoma Attorney General Mike Hunter often disparagingly referred to as “a family company.” Unfortunately, however, the Attorney General was mistakenly referencing SC Johnson and their famous tagline rather than Johnson & Johnson— the corporation involved in the case. In response to this misstep CEO and chairman of SC Johnson H. Fisk Johnson threatened litigation until the Attorney General promised to refrain from this incorrect name association in the future (Kopecki, 2019). In addition to the attention to careless use of words surrounding his well-known family firm, H. Fisk Johnson provided an illuminating family business narrative when he released a full-page ad explicitly outlining the issues associated with cavalier use of their name. In part, he notes,","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"33 1","pages":"342 - 350"},"PeriodicalIF":8.8,"publicationDate":"2020-10-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0894486520967765","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47682065","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-10-05DOI: 10.1177/0894486520961938
Ways Forward, R. G. Swab, Chelsea Sherlock, Erik T. Markin, Clay Dibrell
This analysis provides a review of family business literature concerning the application of socioemotional wealth (SEW) and its extension through the FIBER framework. Specifically, we answer Brigham and Payne’s call by assessing the multidimensionality of the SEW construct, the interrelatedness of the dimensions, and its specificity to family firms. We contribute to the literature by conducting a systematic review of the SEW literature and examining the applications of the FIBER dimensions, noting the evolution of specific research themes. Last, using necessary condition analysis, we provide four conceptual inferences regarding the assumptions of SEW to provide a way forward.
{"title":"“SEW” What Do We Know and Where Do We Go? A Review of Socioemotional Wealth and a Way Forward","authors":"Ways Forward, R. G. Swab, Chelsea Sherlock, Erik T. Markin, Clay Dibrell","doi":"10.1177/0894486520961938","DOIUrl":"https://doi.org/10.1177/0894486520961938","url":null,"abstract":"This analysis provides a review of family business literature concerning the application of socioemotional wealth (SEW) and its extension through the FIBER framework. Specifically, we answer Brigham and Payne’s call by assessing the multidimensionality of the SEW construct, the interrelatedness of the dimensions, and its specificity to family firms. We contribute to the literature by conducting a systematic review of the SEW literature and examining the applications of the FIBER dimensions, noting the evolution of specific research themes. Last, using necessary condition analysis, we provide four conceptual inferences regarding the assumptions of SEW to provide a way forward.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"33 1","pages":"424 - 445"},"PeriodicalIF":8.8,"publicationDate":"2020-10-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0894486520961938","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41526784","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-09-09DOI: 10.1177/0894486520953700
M. Becerra, C. Cruz, Chris Graves
Drawing on agency and behavioral perspectives, we disentangle two critical determinants of innovation strategies among family firms, namely, the family’s wealth concentration (WC) in its business and the family’s emphasis on family-centered goals (FCGs). Our results from a survey of Australian family firms show opposite and completely independent effects of WC and family-centered noneconomic goals on family firms’ innovation strategies. While higher WC is negatively associated with firm innovation, a greater emphasis placed on family-centered noneconomic goals has a positive impact, which seems to be the key determinant of innovation strategies in family firms.
{"title":"Innovation in Family Firms: The Relative Effects of Wealth Concentration Versus Family-Centered Goals","authors":"M. Becerra, C. Cruz, Chris Graves","doi":"10.1177/0894486520953700","DOIUrl":"https://doi.org/10.1177/0894486520953700","url":null,"abstract":"Drawing on agency and behavioral perspectives, we disentangle two critical determinants of innovation strategies among family firms, namely, the family’s wealth concentration (WC) in its business and the family’s emphasis on family-centered goals (FCGs). Our results from a survey of Australian family firms show opposite and completely independent effects of WC and family-centered noneconomic goals on family firms’ innovation strategies. While higher WC is negatively associated with firm innovation, a greater emphasis placed on family-centered noneconomic goals has a positive impact, which seems to be the key determinant of innovation strategies in family firms.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"33 1","pages":"372 - 392"},"PeriodicalIF":8.8,"publicationDate":"2020-09-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0894486520953700","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46785802","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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