Emotions Preventing Survival of Family Firms: Comments on Exploring the Emotional Nexus in Cogent Family Business Archetypes: Towards a Predominant Business Model Inclusive of the Emotional Dimension

Rau Sabine B. ()
Additional contact information
Rau Sabine B.: WHU – Otto Beisheim School of Management, Vallendar, Germany

Entrepreneurship Research Journal, 2013, vol. 3, issue 3, 425-432

Abstract: In this commentary, I provide some extensions to the emotional nexus in cogent family business archetypes. Labaki, Michael-Tsabari, and Zachary (2013) argue that emotions bind the family and the business subsystem. Emotional cost and return as well as emotional dissonance have a major impact how family and business interact. From here, I provide some ideas showing how emotions can prevent those businesses from surviving to the third generation and beyond. Main effects are an increase of the probability of bankruptcy, sale by family members, and disappearance of the family due to negative ratio of emotional return and emotional cost, as well as high emotional dissonance.

Keywords: family firms; long-term survival; emotional cost and return; emotional dissonance (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1515/erj-2013-0055 (text/html)
For access to full text, subscription to the journal or payment for the individual article is required.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bpj:erjour:v:3:y:2013:i:3:p:425-432:n:5

Ordering information: This journal article can be ordered from
https://www.degruyter.com/journal/key/erj/html

DOI: 10.1515/erj-2013-0055

Access Statistics for this article

Entrepreneurship Research Journal is currently edited by Chandra S. Mishra and Ramona K. Zachary

More articles in Entrepreneurship Research Journal from De Gruyter
Bibliographic data for series maintained by Peter Golla ().