We contribute to the theoretical depiction of family firms’ reactions during a downturn by adopting the ability and willingness approach. Specifically, we suggest that the combination of the ability and the willingness to pursue family-centered noneconomic (FCNE) goals makes family firms less likely to engage in restructuring activities and more likely to engage in an escalation of commitment. Moreover, we further investigate the family firms’ heterogeneity and introduce the idea that the willingness of family firms to pursue FCNE goals may be influenced by the geographical context and the generational stage of the enterprising family.

Do we really want to cut out the deadwood?: Family-centered noneconomic goals, restructuring aversion, and escalation of commitment / Pongelli, C.; Sciascia, S.; Minola, T.. - (2019), pp. 485-505. [10.1007/978-3-319-77676-7_18]

Do we really want to cut out the deadwood?: Family-centered noneconomic goals, restructuring aversion, and escalation of commitment

Pongelli C.
;
2019

Abstract

We contribute to the theoretical depiction of family firms’ reactions during a downturn by adopting the ability and willingness approach. Specifically, we suggest that the combination of the ability and the willingness to pursue family-centered noneconomic (FCNE) goals makes family firms less likely to engage in restructuring activities and more likely to engage in an escalation of commitment. Moreover, we further investigate the family firms’ heterogeneity and introduce the idea that the willingness of family firms to pursue FCNE goals may be influenced by the geographical context and the generational stage of the enterprising family.
978-3-319-77675-0
978-3-319-77676-7
Escalation of commitment; Family firms; Goals; Restructuring
Do we really want to cut out the deadwood?: Family-centered noneconomic goals, restructuring aversion, and escalation of commitment / Pongelli, C.; Sciascia, S.; Minola, T.. - (2019), pp. 485-505. [10.1007/978-3-319-77676-7_18]
File in questo prodotto:
File Dimensione Formato  
Pongelli, Sciascia Minola.pdf

Solo gestori archivio

Tipologia: Versione dell'editore
Licenza: Tutti i diritti riservati
Dimensione 1.24 MB
Formato Adobe PDF
1.24 MB Adobe PDF   Visualizza/Apri
Pubblicazioni consigliate

Caricamento pubblicazioni consigliate

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/11385/187875
Citazioni
  • Scopus 2
  • ???jsp.display-item.citation.isi??? ND
social impact