Downsizing and stakeholder orientation among the Fortune 500: Does family ownership matter?

被引：123

作者：

Stavrou, Eleni ^{[1
]}

Kassinis, George ^{[1
]}

Filotheou, Alexis ^{[1
]}

机构：

[1] Univ Cyprus, Dept Publ & Business Adm, CY-1678 Nicosia, Cyprus

来源：

JOURNAL OF BUSINESS ETHICS | 2007年 / 72卷 / 02期

关键词：

downsizing; family business; performance; stakeholder orientation; CORPORATE SOCIAL-RESPONSIBILITY; FIRM PERFORMANCE; MANAGEMENT; STRATEGIES; COMMITMENT; SALIENCE; IMPACT;

D O I：

10.1007/s10551-006-9162-x

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

While downsizing has been widely studied, its connection to firm ownership status and the reasons behind it are missing from extant research. We explore the relationship between downsizing and family ownership status among Fortune 500 firms. We propose that family firms downsize less than non-family firms, irrespective of performance, because their relationship with employees is based on normative commitments rather than financial performance alone. We suggest that their actions are related to employee- and community-friendly policies. We find that family businesses do downsize less irrespective of financial performance considerations. However, their actions are not related to their employee- or community-friendly practices. The results raise issues related to the motivations of large multinationals to downsize and the drivers of their stakeholder management practices.

引用

页码：149 / 162

页数：14

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