Misconceptions About the Theoretical Support for Family Firm Long-Term Orientation

被引:1
|
作者
Chua, Jess H. [1 ,2 ]
Chrisman, James J. [3 ]
Wang, Hao [4 ]
Wu, Saisai [5 ]
机构
[1] Univ Lancaster, Lancaster, England
[2] Univ Calgary, Calgary, AB, Canada
[3] Mississippi State Univ, Mississippi State, MS 39762 USA
[4] Hangzhou City Univ, Hangzhou, Zhejiang, Peoples R China
[5] Zhejiang Univ Finance & Econ, Hangzhou, Zhejiang, Peoples R China
关键词
family business; long-term orientation; altruism; intrafamily succession; INTERTEMPORAL CHOICE; PERFORMANCE; BUSINESSES; OWNERSHIP; GOVERNANCE; ADVANTAGE; ANOMALIES;
D O I
10.1177/10422587241300432
中图分类号
F [经济];
学科分类号
02 ;
摘要
Long-term orientation has been proposed as one of the differences between family and nonfamily firms. Family business scholars base this difference theoretically on the incumbent generation's altruism for the next generation and the intention for intrafamily succession. We point out that the applicable boundaries for these two theoretical bases are limited. We also point out misconceptions regarding what these two theoretical bases imply about the long-term oriented behavior of family businesses and discuss implications for empirical research and theory development.
引用
收藏
页码:359 / 374
页数:16
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