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

被引:54
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
相关论文
共 50 条
[41]   Socioemotional Wealth Across the Family Firm Life Cycle: A Commentary on "Family Business Survival and the Role of Boards" [J].
Le Breton-Miller, Isabelle ;
Miller, Danny .
ENTREPRENEURSHIP THEORY AND PRACTICE, 2013, 37 (06) :1391-1397
[42]   Behavioral agency and the efficacy of analysts as external monitors: Examining the moderating role of CEO personality [J].
Andrei, Alina G. ;
Benischke, Mirko H. ;
Martin, Geoffrey P. .
STRATEGIC MANAGEMENT JOURNAL, 2024, 45 (01) :113-143
[43]   Life satisfaction of family business members: The role of socioemotional wealth goals and psychological functioning [J].
Saleem, Ayoosha ;
Graves, Chris .
JOURNAL OF SMALL BUSINESS MANAGEMENT, 2025, 63 (01) :1-36
[44]   Family Influence and R&D Spending in Dutch Manufacturing SMEs: The Role of Identity and Socioemotional Decision Considerations [J].
Brinkerink, Jasper ;
Bammens, Yannick .
JOURNAL OF PRODUCT INNOVATION MANAGEMENT, 2018, 35 (04) :588-608
[45]   Moderating role of CEO compensation in lean innovation strategies of Chinese listed family firms [J].
Zulfiqar, Muhammad ;
Hussain, Khalid ;
Yousaf, Muhammad Usman ;
Sohail, Nadeem ;
Ghafoor, Sadeen .
CORPORATE GOVERNANCE-THE INTERNATIONAL JOURNAL OF BUSINESS IN SOCIETY, 2020, 20 (05) :887-902
[46]   DRIVEN BY EMOTIONS: THE MODERATING EFFECT OF SOCIOEMOTIONAL WEALTH DIMENSIONS ON THE LINK BETWEEN ENTREPRENEURIAL ORIENTATION AND INNOVATION PERFORMANCE IN FAMILY FIRMS [J].
Lehmann, David M. ;
Mrozewski, Matthias ;
Mauer, Rene .
INTERNATIONAL JOURNAL OF INNOVATION MANAGEMENT, 2023, 27 (03N04)
[48]   The role of female directors in family firms' annual report<acute accent>s readability [J].
Abinzano, Isabel ;
Garcies-Galdeano, Lucia ;
Martinez, Beatriz .
BALTIC JOURNAL OF MANAGEMENT, 2024, 19 (03) :366-384
[49]   Indebtedness in family-managed firms: the moderating role of female directors on the board [J].
Lopez-Delgado, P. ;
Dieguez-Soto, J. .
REVIEW OF MANAGERIAL SCIENCE, 2020, 14 (04) :727-762
[50]   CEO personal characteristics and firms' risk-taking behaviour: the moderating role of family ownership [J].
Amin, Ali ;
Ali, Rizwan ;
Rehman, Ramiz Ur ;
Ntim, Collins G. .
GENDER IN MANAGEMENT, 2024, 39 (02) :165-187