时间什么时候能提高家族企业的业绩?通过混合赌博逻辑考察控制中的家庭生成和家庭控制分散

IF 7.4 2区 管理学 Q1 BUSINESS Long Range Planning Pub Date : 2024-02-01 DOI:10.1016/j.lrp.2022.102272
Francesco Chirico , Franz W. Kellermanns
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引用次数: 0

摘要

我们研究了控制公司管理的代际时间对家族公司业绩的不同影响,以回应文献中关于更细致地处理家族公司及其业绩差异的呼吁。通过借鉴行为代理模型的混合博弈逻辑,我们的研究表明,家族的社会情感财富(SEW)在不同代际之间存在差异,从而导致复杂的绩效关系。我们通过理论和实证研究发现,早一代家族企业会保护当前的社会情感财富,业绩会越来越差,而晚一代企业则会最大化预期的财务财富,业绩会越来越好。此外,我们还认为,家族控制权的高度分散减轻了早一代控制权对业绩的负面影响,增加了晚一代控制权对业绩的正面影响。本研究具有重要的理论和实践贡献。
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When does time enhance family firm performance? Examining family generation in control and family control dispersion through a mixed-gamble logic

We investigate the differential effect of time in terms of generation in control of the firm's management on family firm performance to address the call in the literature for a more nuanced treatment of family firms and their performance differences. By drawing on the mixed-gamble logic of the behavioral agency model, our work suggests that the family's socio-emotional wealth (SEW) varies across generations, resulting in complex performance relationships. We theorize and empirically find that earlier-generation family firms protect current SEW and perform increasingly worse while later-generation firms maximize prospective financial wealth and perform increasingly better. Additionally, we argue that high family control dispersion mitigates the negative effect on performance of earlier generations in control and increases the positive effect of later generations in control. Important theoretical and practical contributions emerge from this study.

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来源期刊
CiteScore
13.00
自引率
7.10%
发文量
75
期刊介绍: Long Range Planning (LRP) is an internationally renowned journal specializing in the field of strategic management. Since its establishment in 1968, the journal has consistently published original research, garnering a strong reputation among academics. LRP actively encourages the submission of articles that involve empirical research and theoretical perspectives, including studies that provide critical assessments and analysis of the current state of knowledge in crucial strategic areas. The primary user base of LRP primarily comprises individuals from academic backgrounds, with the journal playing a dual role within this community. Firstly, it serves as a platform for the dissemination of research findings among academic researchers. Secondly, it serves as a channel for the transmission of ideas that can be effectively utilized in educational settings. The articles published in LRP cater to a diverse audience, including practicing managers and students in professional programs. While some articles may focus on practical applications, others may primarily target academic researchers. LRP adopts an inclusive approach to empirical research, accepting studies that draw on various methodologies such as primary survey data, archival data, case studies, and recognized approaches to data collection.
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