Back to the Roots: Applying the Concept of Basic Human Values to Understand Family Firm Behavior

Ruf, Philipp Julian; Wolff, Sven; Felden, Birgit

doi:10.5465/ambpp.2020.18026abstract

Cited by 2 publications

(1 citation statement)

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“…Berrone et al (2012) proposed 28 qualitative measures to evaluate SEW through the FIBER dimensions. We use a shortened modified FIBER scale in this study (Hauck et al, 2016), applied in a number of recent studies (e.g., Cleary et al, 2019;Ruf et al, 2020;Swab et al, 2020). To measure trust the study employs measures devised by Noelle-Neumann in 1948, and applied in family firms by Bertrand and Schoar (2006).…”

Section: Survey Instrumentmentioning

confidence: 99%

What motivates environmental and social sustainability in family firms? A cross‐cultural survey

2022

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Evidence shows that positive family dynamics can motivate environmental and social strategies (ESS) in family firms. Using a stated choice method, we examine how family conflict, trust and socioemotional wealth (SEW) influence ESS choices and interact with other trade-offs among family firms in two distinct cultural contexts: Chile and India. In Chile, we found that where there was more conflict, there were less ESS choices selected. However, in Chile, higher trust produced less relational conflict and more ESS preferences, suggesting supportive norms and group cohesion in these firms. Chilean respondents selected ESS choices more generally, which may be influenced by cultural dimensions that support sustainability, like uncertainty avoidance, indulgence and collectivism. Formal written sustainability visions in family firms created positive environmental norms in both countries and in Chile led to higher ESS preferences. Indian respondents with higher SEW were more likely to adopt ESS choices. Younger family firms in both countries were more likely to adopt ESS, suggesting generational dynamics and selectivity theory may be at play. Creating safeguards for maintaining positive emotional dynamics and tools for creating formal sustainability visions are important steps for enabling ESS among family firms.

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Section: Survey Instrumentmentioning

confidence: 99%

What motivates environmental and social sustainability in family firms? A cross‐cultural survey

2022

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The Psychological Foundations of Management in Family Firms: Emotions, Memories, and Experiences

Humphrey

Massis

Picone

et al. 2021

Family Business Review

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Exploring the psychological foundations of management in family firms is necessary to understand why they formulate and implement strategies differently from nonfamily firms, and why and how family firm behavior varies across different family firms. Picone et al. (2021. The psychological foundations of management in family firms: Values, biases, and heuristics. Family Business Review, 34(1), 12-32) have proposed a conceptual framework for the psychological foundations of management in family business, examining how the values, biases, and heuristics of family firm members affect strategic decision-making and family firm outcomes. Drawing on this framework, we examine emotions, memories, and experiences in family firms, disentangling “what we know” from “what we should know”, and offering some relevant questions to advance the field.

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Back to the Roots: Applying the Concept of Basic Human Values to Understand Family Firm Behavior

Cited by 2 publications

References 0 publications

What motivates environmental and social sustainability in family firms? A cross‐cultural survey

What motivates environmental and social sustainability in family firms? A cross‐cultural survey

The Psychological Foundations of Management in Family Firms: Emotions, Memories, and Experiences

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