Commitment Escalation to a Failing Family Business*
Francesco Chirico,
Carlo Salvato,
Barbara Byrne,
Naveed Akhter and
Juan Arriaga múzquiz
Journal of Small Business Management, 2018, vol. 56, issue 3, 494-512
Abstract:
The overarching intent of this manuscript is to heighten awareness to the concept of commitment escalation as it bears on a failing family business. Specifically, drawing on the concept of emotional ownership, together with self‐justification arguments, we (1) identify factors considered to be most forceful in contributing to the presence of commitment escalation and thus, resistance to change in a failing family business, and (2) model these related factors in a form that can serve heuristically to stimulate future empirical research capable of testing for the construct validity of commitment escalation in a family business context.
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:taf:ujbmxx:v:56:y:2018:i:3:p:494-512
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DOI: 10.1111/jsbm.12316
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