The continuance commitment of family firm CEOs

Nicole Gottschalck, Lisa Rolan and Franz Kellermanns

Journal of Family Business Strategy, 2023, vol. 14, issue 4

Abstract: This study seeks to extend the classic socio-emotional and stewardship perspective on family CEOs with a complementary rational-economic perspective on their agentic behavior. To this end, using a sample of 103 top executives of U.S. family firms, we investigate the relationship between continuance commitment of family CEOs and their perceptions of family cohesion and discuss how this relationship is moderated by firm performance. Integrating insights from research on organizational behavior into the family business literature, we discuss how key decision makers in the family business context engage in rational cost-benefit analyses regarding their own personal investments in the firm. Our findings suggest that the continuance commitment of family CEOs interacts with performance to enhance perceptions of family cohesion.

Keywords: Continuance commitment; CEO; Family firm; Family cohesion; Firm performance (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eee:fambus:v:14:y:2023:i:4:s1877858523000177

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DOI: 10.1016/j.jfbs.2023.100568

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