F-CPO: A collective psychological ownership approach to capturing realized family influence on business

Noora Rantanen and Iiro Jussila

Journal of Family Business Strategy, 2011, vol. 2, issue 3, 139-150

Abstract: Family business is a growing field of research focused on investigating organizations that result from a fusion of family and business systems. Although it is central to the field, there is lack of theoretical clarity on the nature of this fusion beyond the social systems approach. The interaction between the family and the business is seen as a promising unit of analysis. The F-PEC scale has made important contributions in this area by providing a standardized instrument for the purpose of measuring family influence. However, in our view, the F-PEC is most suitable for measuring potential, as opposed to realized or actual, family influence. We introduce collective psychological ownership of family over business (F-CPO) as a construct that comprehensively captures the fusion between family and business and reflects the realized family influence on and in interaction with the business. We examine the routes leading to F-CPO, explore its linkages with the F-PEC scale, and discuss opportunities for advancing measurement and theory in family business research.

Keywords: Family business; Collective psychological ownership; F-CPO; Family influence; F-PEC (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (9)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:fambus:v:2:y:2011:i:3:p:139-150

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DOI: 10.1016/j.jfbs.2011.07.005

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