Virtue Ethics, Values of the Founders, and Organizational Growth

Josh Wei-Jun Hsueh ()
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Josh Wei-Jun Hsueh: University of St. Gallen

Chapter Chapter 11 in Intrinsic CSR and Competition, 2020, pp 185-200 from Springer

Abstract: Abstract This chapter provides a theoretical model to explain the heterogeneity of family businesses regarding sustainability activities. Family business scholars tend to argue that the non-financial goals of family businesses, through the construct of socio-emotional wealth (SEW), would motivate a family business to adopt more a proactive sustainability strategy than a non-family business that is driven by the financial goal. However, studies have mixed supports when scholars rarely consider that family businesses have both financial and non-financial goals and their importance are contingent upon the life-stage of the firm. In this chapter, I propose a temporal framework that differentiates family businesses at three stages—founding, post-founder, and cousin consortia—in which the alignment between financial and SEW goals varies, and thus changes the focus of a family business’ sustainability strategy. It discusses critical role of temporal factor when examining sustainability strategies of family businesses.

Keywords: Family businesses; Founding stage; Post-founder stage; Cousin consortia stage; Socio-emotional wealth (SEW); Sustainability strategy (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-21037-3_11

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DOI: 10.1007/978-3-030-21037-3_11

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