Toward a Family Science Perspective on Executive Compensation in Family Firms: A Review and Research Agenda

2021 ◽  
pp. 089448652110644
Author(s):  
Anneleen Michiels ◽  
Isabel C. Botero ◽  
Roland E. Kidwell

In family firms, the family often plays a central role in the strategic decisions of the business. However, until recently, research has primarily focused on exploring the role that business factors play in firm decision-making, with less attention given to the role of the family system. This article reviews the research on executive compensation in family firms to understand whether and how the family system has been considered within this work. Guided by the application of family science theories, we provide a framework to explain why it is important to incorporate the family system in the future study of executive compensation in family firms. We conclude by discussing a research agenda outlining how elements of the family system can be integrated into future executive compensation research to inspire scholars to think differently about this important research topic.

Author(s):  
Şebnem Gürsoy Ulusoy

It is seen that the mother character and strong female roles are included in the recent Turkish films. In this sense, it is seen that the roles of the mothers as the gatherer of the family are related to the communication processes within the family. The language and discourse of the mother character in the family communication processes were investigated by examining the representations of the mother character in cinema films and Turkish society. It has been researched that the mother character is mostly used in the cinema series through the representations of the family as binding, restorative, fusing, and solution producer in the family communication processes. It is also important to understand the discourse language and social change processes of recent cinema films about how the character of the mother's character in discourse language and its role in family communication processes are represented and included in the films. The representations of women in the films through the role of mother constitute an important research topic through the family.


2012 ◽  
Vol 13 (1) ◽  
Author(s):  
Paloma Fernández Pérez ◽  
Eleanor Hamilton

This  study  contributes  to  developing  our understanding of gender and family business. It draws on studies from the business history and management literatures and provides an interdisciplinary synthesis. It illuminates the role of women and their participation in the entrepreneurial practices of the family and the business. Leadership is introduced as a concept to examine the roles of women and men in family firms, arguing that concepts used  by  historians or economists like ownership and management have served to make women ‘invisible’, at least in western developed economies in which owners and managers have been historically due to legal rules  of  the  game  men,  and  minoritarily women. Finally, it explores gender relations and  the  notion  that  leadership  in  family business  may  take  complex  forms  crafte within constantly changing relationships.


2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Isabel C. Botero ◽  
Ascensión Barroso Martínez ◽  
Galván Sanguino ◽  
Juliana Binhote

Purpose The purpose of this study was to understand how the family system plays a role in knowledge sharing (KS) within family firms. The authors argue that the family’s influence can occur through two routes. An external route in which the family affects the culture of the organization and through an internal route in which family leadership within the firm affects the practices and behaviors within the business. Design/methodology/approach Data for this project came from the survey responses of 93 Spanish family firms. Findings The findings expand previous understanding about KS in family firms by outlining the two routes through which the family can have positive effect on KS within family firms. Results show that family system characteristics (i.e. next-generation commitment, family trust and intergenerational relationships) affect KS through their impact on the participative culture of a family firm. Additionally, when a family has been in control of the business for more generations, they place higher importance on family legacy and continuity, which is likely to strengthen the relationship between participative culture and KS in family firms. Originality/value Given the important role that the family system plays within the family business, this paper explored how family characteristics can influence KS in family firms. The authors contribute to the literature by highlighting the importance that the owning family can have in creating an environment that can facilitate KS in family firms.


2018 ◽  
Vol 44 (2) ◽  
pp. 211-232 ◽  
Author(s):  
Maria Cristina Sestu ◽  
Antonio Majocchi

We examine the effects of family control on entry mode choice by integrating Transaction Costs Economics with the family business literature. Using a dataset of 951 foreign investments, we investigate the role of family involvement on entry modes. After controlling for endogeneity, we find that if both the investing and the local firm are family firms, forming a joint venture is preferred, while if only the investing firm is a family firm, a wholly owned subsidiary is more likely. Results show that family control has an important impact on entry modes, an hypothesis that has not yet been fully explored.


2015 ◽  
Vol 7 (3) ◽  
pp. 69-99 ◽  
Author(s):  
Sami Basly

AbstractDoes the family involvement affect exports in the family firm? The literature seems to support this view even if the direction and magnitude of this impact remains controversial. Drawing on the perspectives of agency [Chrisman et al. 2004; Schulze et al. 2001] and stewardship as applied to family firms [Davis, Schoorman and Donaldson 1997] and also on socio-emotional wealth perspective [Gómez-Mejía et al. 2007], this study seeks to contribute to this debate by studying the influence of family involvement on the SME exports intensity. To reconcile the divergent views, our research attempts to assess the role of the manager’s international orientation as a variable moderating the relationship between family involvement and exports in SMEs. Based on a hypothetical-deductive approach, the study uses a sample data of 125 family SMEs obtained through a questionnaire. The results show that even if the positive influence of the manager’s international orientation is corroborated, its moderating role seems to be limited to only one facet of the construct of family involvement i.e. involvement in management. Moreover, owning-family involvement in management seems to negatively influence exports while some results argue for a positive effect of the family involvement in ownership on exports.


1998 ◽  
Vol 23 (1) ◽  
pp. 57-65 ◽  
Author(s):  
Jeffrey T. Parsons ◽  
Regina Butler ◽  
Susan Kocik ◽  
Lisa Norman ◽  
Rachelle Nuss

2017 ◽  
Vol 7 (1) ◽  
pp. 2-20 ◽  
Author(s):  
Sven-Olof Yrjö Collin ◽  
Jenny Ahlberg ◽  
Karin Berg ◽  
Pernilla Broberg ◽  
Amelie Karlsson

Purpose The purpose of this paper is to develop and test a concept of auditor as consigliere in family firms, that captures additional functions to monitoring, those of advice, mediating, and conveying. Design/methodology/approach The concept is tested through a survey conducted on 309 Swedish auditors. Findings The data indicate that the consigliere role is generally not emphasized, indicating that auditors primarily perform the monitoring role of the audit. However, the authors do find indications of the auditor performing the consigliere role, through performing the advisory and mediating functions and, to a smaller degree, the conveying function. Research limitations/implications The survey is limited in response rate and in separating governance situations from consigliere functions. Practical implications With reservation for professional independence, the auditor as consigliere could be part of the governance of the family firm, but should be trained for this activity. Social implications Regulators should pay attention to the consigliere role when, for example, stipulating compulsory rotation of auditors. Originality/value The paper shows that the auditor is more than a monitor in family firms. The consigliere role, even if not at all dominating, has to be considered, at least in family firms.


2020 ◽  
Vol 14 (14) ◽  
pp. 64-88
Author(s):  
Kelly Kilrea ◽  
Stéphanie Larrue

The work of Virginia Satir, a pioneer family therapist, is examined as a transpersonal approach to family therapy. Ways in which transpersonal perspectives may be applied in family therapy are explored in Satir’s notions of grounding and centering, the evolving and transcending concept of congruence using the Self/I AM concept in the Satir iceberg model, as well as the Satir conceptualization of the therapist’s use of self. Aspects of transpersonal psychotherapy relevant to the practice of family therapy are examined, including the creation of a transpersonal space of trust in order to strengthen the therapeutic alliance, going beyond meaning in working with the family system to apply transpersonal (e.g. nondual psychotherapeutic) approaches to the therapist’s use of self in therapy. A discussion of intersubjectivity and the role of the beingness of the family therapist in promoting transcendence, awareness, and healing for the family is included. Satir family therapy is consistent with transpersonal psychotherapeutic perspectives and is therefore recommended as a prospective family therapy modality for the transpersonally-oriented psychotherapist. KEYWORDS Satir, Family Therapy, Transpersonal Psychology, Transpersonal Psychotherapy, Transcendence, Consciousness, Transformation, Intersubjectivity, Nondual Psychotherapy.


2020 ◽  
pp. 235-251
Author(s):  
Mirosława Ściupider-Młodkowska

Ściupider-Młodkowska Mirosława, Miłość, wierność i odpowiedzialność w przestrzeniach spotkań młodzieży studiującej [Love, Loyalty and Responsibility in Meeting Spaces of University Students]. Studia Edukacyjne nr 56, 2020, Poznań 2020, pp. 235-251. Adam Mickiewicz University Press. ISSN 1233-6688. DOI: 10.14746/se.2020.56.13Intimate partner relations have been an important research topic for years in the social sciences that address the order and survival of families and future generations. It is worth considering the contemporary code and the model of love and intimacy, which is just as natural in the process of socialization as the binding partnership for a lifetime. The purpose of the article is not to answer the question about the norm and the pathology in partner relations. In the assumption of the questions taken up, several issues have been raised in the field of constructivism and the phenomenon of partnership transformations and models of love, fidelity and responsibility in environments such as the family and parallel contemporary environments, such as virtual media in the form of the Internet and other determinants of popular culture. The discourse on emotional capitalism in partner relations raises numerous questions, constituting the theoretical basis of the questions addressed in this article: Do modern shortterm relationships determine the feeling of love and loyalty as a currency in the era of the Self? How far does the contemporary individualization of life change being together? Does pedagogical and psychological expertise provide real help in finding genuine values? Are they a response to loneliness, fear and contemporary consumerism in love relationships?


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