Family Involvement, Family Influence, and Family-Centered Non-Economic Goals in Small Firms

Using behavioral and stakeholder theories, we suggest that family firms may have family–centered non–economic goals and that these goals could influence firm behaviors. This study extends the literature by hypothesizing that the essence of family influence partially mediates the relationship between...

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Veröffentlicht in:Entrepreneurship theory and practice 2012-03, Vol.36 (2), p.267-293
Hauptverfasser: Chrisman, James J., Chua, Jess H., Pearson, Allison W., Barnett, Tim
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container_issue 2
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container_title Entrepreneurship theory and practice
container_volume 36
creator Chrisman, James J.
Chua, Jess H.
Pearson, Allison W.
Barnett, Tim
description Using behavioral and stakeholder theories, we suggest that family firms may have family–centered non–economic goals and that these goals could influence firm behaviors. This study extends the literature by hypothesizing that the essence of family influence partially mediates the relationship between family involvement and family firms’ adoption of family–centered non–economic goals. The results using 1,060 small firms support the hypotheses. Aside from contributing to family business theory by explaining and testing mediating variables as sources of goal heterogeneity among family firms, our findings also imply that the involvement and essence approaches to defining family businesses may be hierarchically reconciled.
doi_str_mv 10.1111/j.1540-6520.2010.00407.x
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source PAIS Index; SAGE Complete
subjects Analysis
Behaviorism (Psychology)
Business
Business management
Business studies
Economic planning
Entrepreneurs
Family
Family corporations
Family firms
Family owned businesses
Family-owned business enterprises
Influence
Management
Organizational behavior
Organizational behaviour
Organizational goals
Small & medium sized enterprises-SME
Small business
Studies
United States
title Family Involvement, Family Influence, and Family-Centered Non-Economic Goals in Small Firms
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