An exploratory study of the effects of socioemotional wealth in the perception of humanistic management and psychological ownership in family and non-family members in Latin American family firms

PurposeThis article explores the influence of education and experience on the time to the top in family and non-family CEOs who work for Latin American family firms.Design/methodology/approachIn order to achieve these objectives, this study draws upon human capital theory as well as career and family firm literature. The careers of 129 CEOs of family firms who form part of the América Economía ranking were analyzed and quantitative methods were used.FindingsIn Latin American family firms, family CEOs reach the top faster than their non-family counterparts. In addition, the influence of human capital variables on the way to the top differs between the two groups. For family CEOs, obtaining a graduate degree delays the way to the top, while for non-family ones, it reduces the time to the top. As regards experience, for promoted family CEOs, the greater the percentage of the career spent in the organization they lead, the shorter the time to the top. No support was found for either the influence of having worked for just one firm or having had elite graduate education abroad, in multilatina CEOs.Practical implicationsIndividual career management suggestions for future CEOs as well as specific guidelines for talent managers are proposedOriginality/valueThis is the first study to explore the influence of human capital indicators on the time to the top in Latin American family firm CEOs.

Entrepreneurship and Innovation in Latin American Family Firms

Entrepreneurship ◽

10.4018/978-1-5225-1923-2.ch023 ◽

2017 ◽

pp. 497-516

Author(s):

Verónica Baños-Monroy ◽

Edgar Ramírez-Solís ◽

Lucia Rodríguez-Aceves

Keyword(s):

Latin American ◽

Family Firms ◽

Family Businesses ◽

Policy Implications ◽

American Family ◽

Secondary Sources ◽

Main Driver ◽

Global Entrepreneurship

This chapter examines the role of entrepreneurship and innovation in the development of family businesses in Latin America. The socio-economic dynamics of such region is an interesting field for research, mainly because: it is a major manufacturing hub with growing importance in retail; it experienced a huge economical shift in the last ten years causing the growth of the middle class (an increase of 50 million people); family firms in the region are the main driver of growth and employment. The authors focused the analysis on Mexico due to its singular characteristics, making it a representative example of the region. Based on secondary sources, a characterization of the entrepreneurship and innovation in family owned and managed firms in the region is reviewed. Moreover, based on the Global Entrepreneurship Monitor database, the authors present some recent data related with entrepreneurship levels in the region and its impact in terms of innovation. Finally, public policy implications are provided in order to encourage entrepreneurship and innovation in family businesses.

Knowledge Integration in Latin American Family Firms

Understanding Entrepreneurial Family Businesses in Uncertain Environments ◽

10.4337/9781849804738.00014 ◽

2013 ◽

Author(s):

Fernando Sandoval-Arzaga ◽

Marcela Ramírez-Pasillas ◽

María Fonseca-Paredes

Keyword(s):

Latin American ◽

Knowledge Integration ◽

Family Firms ◽

American Family

Ownership Structure and Governance in Latin American Family Firms

Family Firms in Latin America ◽

10.4324/9781315098630-4 ◽

2018 ◽

pp. 19-24

Author(s):

Isabel C. Botero ◽

Diego G. Vélez

Keyword(s):

Latin American ◽

Ownership Structure ◽

Family Firms ◽

American Family

More Than Meets the Eye: A Review and Future Directions for the Social Psychology of Socioemotional Wealth

Family Business Review ◽

10.1177/0894486517736959 ◽

2017 ◽

Vol 31 (1) ◽

pp. 125-157 ◽

Cited By ~ 23

Author(s):

David S. Jiang ◽

Franz W. Kellermanns ◽

Timothy P. Munyon ◽

M. Lane Morris

Keyword(s):

Social Psychology ◽

Family Firms ◽

Family Members ◽

Psychological Approach ◽

Social Psychological ◽

Socioemotional Wealth ◽

Future Directions ◽

The Social ◽

Social Psychological Approach

Socioemotional wealth (SEW) research has been criticized for not directly assessing the locus and drivers of family members’ SEW. We propose that a social psychological approach to SEW can help address these concerns, conducting analyses on 421 articles published across 25 journals during the first decade of SEW research. We therefore assess how SEW has been used and identify various inherent complexities that SEW poses for researchers. Altogether, our analyses afford us opportunities to better understand SEW scholarship’s social psychological roots and to propose an agenda that can help further build and extend the psychological microfoundations of family firms.

Shared Identity, Family Influence, and the Transgenerational Intentions in Family Firms

Sustainability ◽

10.3390/su11041130 ◽

2019 ◽

Vol 11 (4) ◽

pp. 1130 ◽

Cited By ~ 4

Author(s):

Raj Mahto ◽

Jiun-Shiu Chen ◽

William McDowell ◽

Saurabh Ahluwalia

Keyword(s):

Succession Planning ◽

Family Firms ◽

Psychological Ownership ◽

Family Influence ◽

American Family ◽

Next Generation ◽

Shared Identity ◽

The Family ◽

The Relationship ◽

Primary Predictor

A family’s transgenerational intention (TI) to pass ownership of the firm to the next generation of family members is the defining characteristic of a family. TI reflects a family’s intention to engage in succession planning, which is the primary predictor for succession success. In this study, we draw on psychological ownership theory to develop and test a model of a family’s TI. In the model, we argue that family influence impacts TI through shared identity. We also argue that a family firm CEO’s relationship to the family (by blood vs. marriage vs. hire) moderates the relationship between shared identity and TI. We tested our hypotheses and the model on a sample of North American family firms and found support for most hypotheses.

Managing family business tensions: the narrative of family history

Baltic Journal of Management ◽

10.1108/bjm-01-2020-0008 ◽

2020 ◽

Vol 15 (5) ◽

pp. 669-686

Author(s):

Rocio Arteaga ◽

Timur Uman

Keyword(s):

Family Business ◽

Family Firms ◽

Methodological Approach ◽

Family Members ◽

Governance Structure ◽

Future Research ◽

Socioemotional Wealth ◽

Content Type ◽

Family Meetings ◽

The Family

PurposeThis study explores the family governance structures that family firms employ to manage family business tensions.Design/methodology/approachBuilding on socioemotional wealth perspective and adopting a narrative methodological approach, the study analyses nine unique narratives of representatives of three Swedish family firms.FindingsThe study illustrates how the hybrid arena created between formal and informal family meetings is used as a governance structure for mitigating tensions by reinforcing family relational ties.Research limitations/implicationsBased on the findings, this study suggests how reliance on hybrid arena informs the field of family business management and governance and suggests future research directions.Practical implicationsThe findings of this study provide opportunities for family business practitioners, including owners, family members, family firm advisers and other stakeholders, to effectively manage family business tensions and foster socioemotional wealth.Originality/valueIn family firms, tensions can arise due to a desire for the preservation of socioemotional wealth. The authors show that these tensions may be managed by using informal and formal family meetings that create a hybrid arena where family members separate family and business issues and emotional and rational reactions, thereby avoiding negative emotions and creating a culture of harmony within the family.

Entrepreneurship and Innovation in Latin American Family Firms

Advances in Business Strategy and Competitive Advantage - Digital Entrepreneurship and Global Innovation ◽

10.4018/978-1-5225-0953-0.ch006 ◽

2017 ◽

pp. 104-123

Author(s):

Verónica Baños-Monroy ◽

Edgar Ramírez-Solís ◽

Lucia Rodríguez-Aceves

Keyword(s):

Latin American ◽

Family Firms ◽

Family Businesses ◽

Policy Implications ◽

American Family ◽

Secondary Sources ◽

Main Driver ◽

Global Entrepreneurship

This chapter examines the role of entrepreneurship and innovation in the development of family businesses in Latin America. The socio-economic dynamics of such region is an interesting field for research, mainly because: it is a major manufacturing hub with growing importance in retail; it experienced a huge economical shift in the last ten years causing the growth of the middle class (an increase of 50 million people); family firms in the region are the main driver of growth and employment. The authors focused the analysis on Mexico due to its singular characteristics, making it a representative example of the region. Based on secondary sources, a characterization of the entrepreneurship and innovation in family owned and managed firms in the region is reviewed. Moreover, based on the Global Entrepreneurship Monitor database, the authors present some recent data related with entrepreneurship levels in the region and its impact in terms of innovation. Finally, public policy implications are provided in order to encourage entrepreneurship and innovation in family businesses.

A Family Training Program for Adventitiously Blinded and Low Vision Veterans

Journal of Visual Impairment & Blindness ◽

10.1177/0145482x8407801001 ◽

1984 ◽

Vol 78 (10) ◽

pp. 473-478 ◽

Cited By ~ 5

Author(s):

Arlene Dumas ◽

Alan D. Sadowsky

Keyword(s):

Training Program ◽

Exploratory Study ◽

Marked Reduction ◽

Interpersonal Relations ◽

Low Vision ◽

Family Members ◽

Rehabilitation Center ◽

Rehabilitation Process ◽

The Family ◽

Sight Loss

The family training program at the Western Blind Rehabilitation Center is an integral part of the rehabilitation process for adventitiously blinded and low vision adults. An exploratory study was conducted to assess which aspects of the training were most outstanding and to inquire how the program affected interpersonal relations and attitudes towards sight loss. Results showed a marked reduction in stated problems immediately after the training and over a three-and-a-half-year period of time. The study demonstrates similar benefits for older family members, those receiving shortened programs, and those who have been living with sight loss for many years.