The Effect of Organizational Characteristics on the Appointment of Nonfamily Managers in Private Family Firms: The Moderating Role of Socioemotional Wealth

被引:126
作者
Vandekerkhof, Pieter [1 ]
Steijvers, Tensie [1 ]
Hendriks, Walter [1 ]
Voordeckers, Wim [1 ]
机构
[1] Hasselt Univ, Res Ctr Entrepreneurship & Innovat KIZOK, B-3590 Diepenbeek, Belgium
关键词
Nonfamily managers; expertise; organizational characteristics; socioemotional wealth; TEAM DIVERSITY; STRATEGIC DECISIONS; BOARD COMPOSITION; IDENTITY THEORY; TOP; BUSINESS; PERFORMANCE; AGENCY; INTERNATIONALIZATION; GOVERNANCE;
D O I
10.1177/0894486513514274
中图分类号
F [经济];
学科分类号
02 ;
摘要
This article examines the effect of organizational characteristics (firm innovativeness, firm internationalization, firm size) on the appointment of nonfamily managers in private family firms while taking into account the moderating role of socioemotional wealth (SEW). While these organizational characteristics increase the need for expertise, family firms cope with a limited pool of family managers. Therefore, new creative knowledge from nonfamily managers is needed. However, results from a sample of 145 Belgian family firms indicate that the positive effect of organizational characteristics on the integration of nonfamily managers decreases when family-related objectives reflected by SEW become more important for the firm.
引用
收藏
页码:104 / 122
页数:19
相关论文
共 103 条
[21]   Corporate governance and competitive advantage in family-controlled firms [J].
Carney, M .
ENTREPRENEURSHIP THEORY AND PRACTICE, 2005, 29 (03) :249-265
[22]   'What's so special about family business?' An exploratory study of UK and Irish consumer experiences of family businesses [J].
Carrigan, Marylyn ;
Buckley, Joan .
INTERNATIONAL JOURNAL OF CONSUMER STUDIES, 2008, 32 (06) :656-666
[23]   The relationship between entrepreneurial orientation and growth: The moderating role of family involvement [J].
Casillas, Jose C. ;
Moreno, Ana M. .
ENTREPRENEURSHIP AND REGIONAL DEVELOPMENT, 2010, 22 (3-4) :265-291
[24]   The internationalization of small and medium-sized enterprises: The effect of family management, human capital and foreign ownership [J].
Daniele Cerrato ;
Mariacristina Piva .
Journal of Management & Governance, 2012, 16 (4) :617-644
[25]   Family Control and Stock Market Reactions to Innovation Announcements [J].
Chang, Shao-Chi ;
Wu, Wann-Yih ;
Wong, Ying-Jiuan .
BRITISH JOURNAL OF MANAGEMENT, 2010, 21 (01) :152-170
[26]   Does Board Independence Influence the Top Management Team? Evidence from Strategic Decisions toward Internationalization [J].
Chen, Hsiang-Lan .
CORPORATE GOVERNANCE-AN INTERNATIONAL REVIEW, 2011, 19 (04) :334-350
[27]   Knowledge accumulation in family firms - Evidence from four case studies [J].
Chirico, Francesco .
INTERNATIONAL SMALL BUSINESS JOURNAL-RESEARCHING ENTREPRENEURSHIP, 2008, 26 (04) :433-462
[28]  
Chua J. H., 1999, Entrepreneurship Theory and Practice, V23, P19, DOI [DOI 10.1177/104225879902300402, 10.1177/104225879902300402]
[29]   An Agency Theoretic Analysis of the Professionalized Family Firm [J].
Chua, Jess H. ;
Chrisman, James J. ;
Bergiel, Erich B. .
ENTREPRENEURSHIP THEORY AND PRACTICE, 2009, 33 (02) :355-372
[30]   Disentangling the incentive and entrenchment effects of large shareholdings [J].
Claessens, S ;
Djankov, S ;
Fan, JPH ;
Lang, LHP .
JOURNAL OF FINANCE, 2002, 57 (06) :2741-2771