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Why Do Family Firms Strive for Nonfinancial Goals? An Organizational Identity Perspective
University of St. Gallen, Switzerland.
Babson College, Boston, USA.
Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership.
Babson College, Arthur M. Blank Center for Entrepreneurship.
2013 (English)In: Entrepreneurship: Theory & Practice, ISSN 1042-2587, E-ISSN 1540-6520, Vol. 37, no 2, p. 229-248Article in journal (Refereed) Published
Abstract [en]

This paper develops an organizational identity-based rationale for why family firms strive for nonfinancial goals. We show that the visibility of the family in the firm, the transgenerational sustainability intentions of the family, and the capability of the firm for self-enhancement of the family positively influence the importance of identity fit between family and firm as well as the family's concern for corporate reputation. We suggest that the concern for corporate reputation leads the family to pursue nonfinancial goals to the benefit of nonfamily stakeholders. We also discuss reinforcing feedback loops in these processes.

Place, publisher, year, edition, pages
2013. Vol. 37, no 2, p. 229-248
National Category
Business Administration
Identifiers
URN: urn:nbn:se:hj:diva-23230DOI: 10.1111/j.1540-6520.2011.00466.xLocal ID: IHHCeFEOISOAI: oai:DiVA.org:hj-23230DiVA, id: diva2:690316
Available from: 2014-01-23 Created: 2014-01-23 Last updated: 2017-12-06Bibliographically approved

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Nordqvist, Mattias

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