Pub Date : 2020-07-19DOI: 10.1177/0894486520941944
Fabian Bernhard, Rania Labaki
In this article, we explore intergenerational moral emotions as a psychological root of ethical management practices. We develop a conceptual model of next-generation guilt in family business by building on family systems and identification theories. We test it with a scenario approach depicting an ethical dilemma. Our findings suggest that the less identified the next generation is with the family, the more likely vicarious guilt emerges. Guilt then leads to intentions of more responsible behaviors, such as reparative actions, apologies, and change in business practices. The implications encourage future research on family business guilt and moral decisions across generations.
{"title":"Moral Emotions in Family Businesses: Exploring Vicarious Guilt of the Next Generation","authors":"Fabian Bernhard, Rania Labaki","doi":"10.1177/0894486520941944","DOIUrl":"https://doi.org/10.1177/0894486520941944","url":null,"abstract":"In this article, we explore intergenerational moral emotions as a psychological root of ethical management practices. We develop a conceptual model of next-generation guilt in family business by building on family systems and identification theories. We test it with a scenario approach depicting an ethical dilemma. Our findings suggest that the less identified the next generation is with the family, the more likely vicarious guilt emerges. Guilt then leads to intentions of more responsible behaviors, such as reparative actions, apologies, and change in business practices. The implications encourage future research on family business guilt and moral decisions across generations.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"34 1","pages":"193 - 212"},"PeriodicalIF":8.8,"publicationDate":"2020-07-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0894486520941944","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45991281","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 : 2020-07-15DOI: 10.1177/0894486520938890
Jeffrey A. Chandler, O. Petrenko, A. Hill, Nathan T. Hayes
In this study, we build on upper echelons theory and insights from psychology to suggest that CEO Machiavellianism is manifested in the alliance behaviors of family firms. Specifically, we argue that more Machiavellian chief executive officers (CEOs) seek out strategic alliances—as doing so provides opportunities to manipulate, control, and exploit others—and that their tendency toward manipulative and controlling behaviors results in less sustainable alliances. We also argue that the effect of CEO Machiavellianism on the engagement and sustainability of strategic alliances is affected by operating in family firms. Since the owning family often intervenes and mitigates any concerns regarding the organization or its leadership, we argue that any concerns that alliance partners have regarding more Machiavellian CEOs will be weaker as family ownership increases; as such, we argue that as family ownership increases, the positive relationship between CEO Machiavellianism and strategic alliance engagement will be more strongly positive while the negative relationship between CEO Machiavellianism and alliance sustainability will be less strongly negative. Our study presents and tests a theory of how more Machiavellian CEOs affect the decisions surrounding strategic alliances by providing a novel antecedent of the decisions surrounding strategic alliances in family firms. We find support for our arguments with a sample of Standard & Poor’s 500 firms.
{"title":"CEO Machiavellianism and Strategic Alliances in Family Firms","authors":"Jeffrey A. Chandler, O. Petrenko, A. Hill, Nathan T. Hayes","doi":"10.1177/0894486520938890","DOIUrl":"https://doi.org/10.1177/0894486520938890","url":null,"abstract":"In this study, we build on upper echelons theory and insights from psychology to suggest that CEO Machiavellianism is manifested in the alliance behaviors of family firms. Specifically, we argue that more Machiavellian chief executive officers (CEOs) seek out strategic alliances—as doing so provides opportunities to manipulate, control, and exploit others—and that their tendency toward manipulative and controlling behaviors results in less sustainable alliances. We also argue that the effect of CEO Machiavellianism on the engagement and sustainability of strategic alliances is affected by operating in family firms. Since the owning family often intervenes and mitigates any concerns regarding the organization or its leadership, we argue that any concerns that alliance partners have regarding more Machiavellian CEOs will be weaker as family ownership increases; as such, we argue that as family ownership increases, the positive relationship between CEO Machiavellianism and strategic alliance engagement will be more strongly positive while the negative relationship between CEO Machiavellianism and alliance sustainability will be less strongly negative. Our study presents and tests a theory of how more Machiavellian CEOs affect the decisions surrounding strategic alliances by providing a novel antecedent of the decisions surrounding strategic alliances in family firms. We find support for our arguments with a sample of Standard & Poor’s 500 firms.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"34 1","pages":"93 - 115"},"PeriodicalIF":8.8,"publicationDate":"2020-07-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0894486520938890","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46749266","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 : 2020-07-15DOI: 10.1177/0894486520938891
Julia K. de Groote, Alexandra Bertschi-Michel
By building on foundations from psychology, we aim to enhance academic understanding of the advising process in family businesses. We find evidence, based on rich qualitative data, suggesting that trust serves as a key construct in the relationship between family businesses and their advisors. In particular, we empirically show and theorize that trusting relationships evolve via a nonlinear process characterized by a constant interplay between cognitive and—increasingly important—affective assessments of family business trustors. The following types of trust emerge from these internal assessments: an intention to trust, which develops into perceived trust and finally results in behavioral trust.
{"title":"From Intention to Trust to Behavioral Trust: Trust Building in Family Business Advising","authors":"Julia K. de Groote, Alexandra Bertschi-Michel","doi":"10.1177/0894486520938891","DOIUrl":"https://doi.org/10.1177/0894486520938891","url":null,"abstract":"By building on foundations from psychology, we aim to enhance academic understanding of the advising process in family businesses. We find evidence, based on rich qualitative data, suggesting that trust serves as a key construct in the relationship between family businesses and their advisors. In particular, we empirically show and theorize that trusting relationships evolve via a nonlinear process characterized by a constant interplay between cognitive and—increasingly important—affective assessments of family business trustors. The following types of trust emerge from these internal assessments: an intention to trust, which develops into perceived trust and finally results in behavioral trust.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"34 1","pages":"132 - 153"},"PeriodicalIF":8.8,"publicationDate":"2020-07-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0894486520938891","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45883112","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}
{"title":"Nothing so practical as a good theory","authors":"N. Robinson","doi":"10.4324/9781315440323-2","DOIUrl":"https://doi.org/10.4324/9781315440323-2","url":null,"abstract":"","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"111 1","pages":""},"PeriodicalIF":8.8,"publicationDate":"2020-07-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80656157","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}
{"title":"Family firms","authors":"Carole Howorth, N. Robinson","doi":"10.4324/9781315440323-3","DOIUrl":"https://doi.org/10.4324/9781315440323-3","url":null,"abstract":"","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"88 1 1","pages":""},"PeriodicalIF":8.8,"publicationDate":"2020-07-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85609079","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}
{"title":"Succession issues and alternatives","authors":"Carole Howorth, N. Robinson","doi":"10.4324/9781315440323-6","DOIUrl":"https://doi.org/10.4324/9781315440323-6","url":null,"abstract":"","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"31 1","pages":""},"PeriodicalIF":8.8,"publicationDate":"2020-07-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85594065","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 : 2020-06-18DOI: 10.1177/0894486520934553
Erick P. C. Chang, S. D. James
The prospect of restructuring can be seen as a mixed gamble that creates tensions between family owners and institutional investors in publicly traded firms. Both sides diverge in their reference points as family owners will pursue noneconomic goals, while institutional owners will pursue economic goals. We develop and test arguments to predict how resistance from family owners and support from institutional owners affect a firm’s restructuring. Using panel data from 1990 to 2004, the findings support our predictions and show that family owners can achieve both economic and noneconomic goals post-restructuring.
{"title":"Family Versus Institutional Involvement in Restructuring: Evidence From the Communications Equipment Industry","authors":"Erick P. C. Chang, S. D. James","doi":"10.1177/0894486520934553","DOIUrl":"https://doi.org/10.1177/0894486520934553","url":null,"abstract":"The prospect of restructuring can be seen as a mixed gamble that creates tensions between family owners and institutional investors in publicly traded firms. Both sides diverge in their reference points as family owners will pursue noneconomic goals, while institutional owners will pursue economic goals. We develop and test arguments to predict how resistance from family owners and support from institutional owners affect a firm’s restructuring. Using panel data from 1990 to 2004, the findings support our predictions and show that family owners can achieve both economic and noneconomic goals post-restructuring.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"33 1","pages":"310 - 330"},"PeriodicalIF":8.8,"publicationDate":"2020-06-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0894486520934553","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47000295","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 : 2020-05-29DOI: 10.1177/0894486520927289
Giovanna Campopiano, A. Calabrò, R. Basco
Stemming from familiness and the notion of nonimitable strategic resources, we investigate, in the presuccession phase, the role of acquisition and accumulation of family strategic resources, along with the way family involvement in the top management team affects resource mobilization and deployment, in determining the intention to choose either a family or a nonfamily member as the next CEO. Data from a cross-country double-respondent family business data set (Successful Transgenerational Entrepreneurship Practices project) reveal that human capital is a significant family strategic resource reducing the intention to select a family CEO, although leveraging this resource by a top management team dominated by family members enhances this intention.
{"title":"The “Most Wanted”: The Role of Family Strategic Resources and Family Involvement in CEO Succession Intention","authors":"Giovanna Campopiano, A. Calabrò, R. Basco","doi":"10.1177/0894486520927289","DOIUrl":"https://doi.org/10.1177/0894486520927289","url":null,"abstract":"Stemming from familiness and the notion of nonimitable strategic resources, we investigate, in the presuccession phase, the role of acquisition and accumulation of family strategic resources, along with the way family involvement in the top management team affects resource mobilization and deployment, in determining the intention to choose either a family or a nonfamily member as the next CEO. Data from a cross-country double-respondent family business data set (Successful Transgenerational Entrepreneurship Practices project) reveal that human capital is a significant family strategic resource reducing the intention to select a family CEO, although leveraging this resource by a top management team dominated by family members enhances this intention.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"33 1","pages":"284 - 309"},"PeriodicalIF":8.8,"publicationDate":"2020-05-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0894486520927289","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44640472","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 : 2020-05-28DOI: 10.1177/0894486520917774
J. Carr, James M. Vardaman, Laura E. Marler, Benjamin D. McLarty, Daniela Blettner
We present a model of family firm performance that tests the notion that strategic decision comprehensiveness plays a pivotal role in family business decision quality and performance. With insights derived from upper echelons theory, our model further proposes that two key decision maker traits associated with an individual’s information-gathering process—risk-taking propensity and need for cognition—influence strategic decision comprehensiveness and have indirect effects on both study outcomes. Study results using a time-lagged sample of family firm leaders provide broad support for our proposed model and provide insight into the performance and decision-making heterogeneity present in family firms.
{"title":"Psychological Antecedents of Decision Comprehensiveness and Their Relationship to Decision Quality and Performance in Family Firms: An Upper Echelons Perspective","authors":"J. Carr, James M. Vardaman, Laura E. Marler, Benjamin D. McLarty, Daniela Blettner","doi":"10.1177/0894486520917774","DOIUrl":"https://doi.org/10.1177/0894486520917774","url":null,"abstract":"We present a model of family firm performance that tests the notion that strategic decision comprehensiveness plays a pivotal role in family business decision quality and performance. With insights derived from upper echelons theory, our model further proposes that two key decision maker traits associated with an individual’s information-gathering process—risk-taking propensity and need for cognition—influence strategic decision comprehensiveness and have indirect effects on both study outcomes. Study results using a time-lagged sample of family firm leaders provide broad support for our proposed model and provide insight into the performance and decision-making heterogeneity present in family firms.","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"34 1","pages":"33 - 47"},"PeriodicalIF":8.8,"publicationDate":"2020-05-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0894486520917774","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43768234","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 : 2020-05-27DOI: 10.1177/0894486520924856
M. Nordqvist, W. Gartner
In recent years, scholars have intensified the calls for more interdisciplinary approaches toward understanding the motivations, activities, processes, and behaviors of family businesses. Most family business scholars tend to draw upon insights from the management and economics disciplines for both theoretical and methodological guidance in their research (Neubaum, 2018; Payne, 2018; Sharma, 2004). However, the relevance for family business studies of disciplines such as psychology (e.g., Kammerlander & Breugst, 2019; Pieper, 2010; Strike et al., 2018), family sciences (e.g., Combs et al., 2020; Jaskiewicz et al., 2017), history (Colli, 2012; Hjorth & Dawson, 2016), and anthropology (Stewart, 2003) has also been emphasized:
{"title":"Literature, Fiction, and the Family Business","authors":"M. Nordqvist, W. Gartner","doi":"10.1177/0894486520924856","DOIUrl":"https://doi.org/10.1177/0894486520924856","url":null,"abstract":"In recent years, scholars have intensified the calls for more interdisciplinary approaches toward understanding the motivations, activities, processes, and behaviors of family businesses. Most family business scholars tend to draw upon insights from the management and economics disciplines for both theoretical and methodological guidance in their research (Neubaum, 2018; Payne, 2018; Sharma, 2004). However, the relevance for family business studies of disciplines such as psychology (e.g., Kammerlander & Breugst, 2019; Pieper, 2010; Strike et al., 2018), family sciences (e.g., Combs et al., 2020; Jaskiewicz et al., 2017), history (Colli, 2012; Hjorth & Dawson, 2016), and anthropology (Stewart, 2003) has also been emphasized:","PeriodicalId":51365,"journal":{"name":"Family Business Review","volume":"33 1","pages":"122 - 129"},"PeriodicalIF":8.8,"publicationDate":"2020-05-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0894486520924856","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45954314","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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