Emotional dimensions within the family business: towards a conceptualization

Exploring the Emotional Nexus in Cogent Family Business Archetypes

“…This article responds to the recent calls by scholars for more thorough research on emotions in the family business (Astrachan and Jaskiewicz 2008;Brundin, Patzelt, and Shepherd 2008;Labaki, Michael-Tsabari, and Zachary 2013) while looking at both systems of the family and the business (Brundin, Florin-Samuelsson, and Melin 2008;Van-den-Heuval et al 2007).…”

The role of regret in the owner-manager decision-making in the family business: A conceptual approach

“…Although predominantly family business research tends to consider that emotions belong only to the family system whereas the business system is based on rationality (Carlock & Ward, 2001;Kepner, 1983), the broader organizational behaviour research is rich with studies on emotions in business settings (Barsade et al, 2003). Emotions in the family business exist both in the family and the business systems (Labaki et al, 2012). Regret has therefore two dimensions: it is both familybased, taking into account the family effect upon decisions; and business-based taking into account the business effect upon decisions.…”

“…Recently, family business scholars called for more studies on emotions in the family business (Astrachan & Jaskiewicz, 2008;Labaki et al, 2012;Pieper, 2010;Van den Heuvel et al, 2007). The International Family Enterprise Research Academy (IFERA) suggested ''Emotional dynamics in the family business'' as its main annual conference theme for 2012.…”

“…It is important to note, nevertheless, that existing studies on emotions in the family business comprise major limitations. They often rely on new and confusing emotional constructs, restrict the analysis to emotions in the family system, and fail to take into account the organizational behaviour literature findings, which heavily explored emotions in the business system (Labaki et al, 2012). The emotional process that entails the ownermanager making decisions in the family business is not yet sufficiently analyzed.…”

“…While there is still considerable debate regarding what constitutes emotions (Labaki et al, 2012), there is a widespread consensus on the relevance of the emotion of regret for understanding decision-making. Regret is the prototypical decision-related emotion as it is the only negative emotion that cannot be experienced without choice .…”