CEO's empathy and salience of socioemotional wealth in family SMEs - The moderating role of external directors

被引:53
作者
Goel, Sanjay [1 ]
Voordeckers, Wim [2 ]
van Gils, Anita [3 ]
van den Heuvel, Jeroen [4 ]
机构
[1] Univ Minnesota Duluth, Labovitz Sch Business & Econ, Duluth, MN 55812 USA
[2] Hasselt Univ, KIZOK Res Ctr, B-3590 Diepenbeek, Belgium
[3] Maastricht Univ, Org & Strategy Dept, NL-6200 MD Maastricht, Netherlands
[4] ConQuaestor Management Consulting, NL-3528 BE Utrecht, Netherlands
关键词
CEO empathy; board of directors; socioemotional wealth; family businesses; BOARD COMPOSITION; FIRM PERFORMANCE; CORPORATE GOVERNANCE; MANAGEMENT; BUSINESSES; AGENCY; OWNERSHIP; EMOTIONS; FOUNDER; CONSEQUENCES;
D O I
10.1080/08985626.2012.710262
中图分类号
F [经济];
学科分类号
02 ;
摘要
A focus on preserving socioemotional wealth may influence entrepreneurial activities in family firms. In this paper, we identify the emotion of empathy in the family CEO as an antecedent of socioemotional wealth creation. We argue that the presence of one or more external directors can have a direct as well as moderating influence on the relationship between CEO's empathy and the salience of socioemotional wealth to the family CEO. Our empirical tests confirm these hypotheses. Several areas of future research are suggested to incorporate empathy and other emotions in family business studies.
引用
收藏
页码:111 / 134
页数:24
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