EconPapers    
Economics at your fingertips  
 

Professionalisation of the Family Firm and Its Relationship with Personal Values

Claudio Camfield and Mário Franco

Journal of Entrepreneurship and Innovation in Emerging Economies, 2019, vol. 28, issue 1, 144-188

Abstract: This study aims to determine the relationships between personal values (PVs) and the professionalisation of family firms. To achieve this objective, the theoretical model of PVs by Schwartz ( Advances in Experimental Social Psychology 25 :1–65, 1992; Journal of Social Issues 50 :19–45, 1994) and the multidimensional model of professionalisation by Dekker, Lybaert, Steijvers and Depaire ( Family Business Review 26 (1): 81–99, 2013; Journal of Small Business Management 53 (2): 516–538, 2015) were used, highlighting the inclusion of three more factors found in the literature and which became part of the extended model. As the data-collecting instrument, an online questionnaire was sent to Portuguese family firms, obtaining a final sample of 249 participants. To determine the relationships, structural equation modelling (SEM) was used, specifically Partial Least Squares Structural Equation Modeling (PLS-SEM), initially seeking to validate the constructs (PVs and professionalisation) by adjusting the general model. Then, the structural model was validated, determining the relationships between the variables of the constructs studied. The results demonstrated acceptance of the model and partial and total validation of most of the hypotheses investigated, showing that PVs are related to professionalisation of family firms. Some implications for theory and practice will also be presented.

Keywords: Family firms; personal values; professionalisation; PLS-SEM (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/0971355718810291 (text/html)

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:sae:jouent:v:28:y:2019:i:1:p:144-188

DOI: 10.1177/0971355718810291

Access Statistics for this article

More articles in Journal of Entrepreneurship and Innovation in Emerging Economies from Entrepreneurship Development Institute of India
Bibliographic data for series maintained by SAGE Publications ().

 
Page updated 2021-12-25
Handle: RePEc:sae:jouent:v:28:y:2019:i:1:p:144-188