Do We Really Want to Cut Out the Deadwood? Family-Centered Noneconomic Goals, Restructuring Aversion, and Escalation of Commitment

Claudia Pongelli (), Salvatore Sciascia () and Tommaso Minola ()
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Claudia Pongelli: LUISS University
Salvatore Sciascia: IULM University
Tommaso Minola: University of Bergamo

Chapter 18 in The Palgrave Handbook of Heterogeneity among Family Firms, 2019, pp 485-505 from Springer

Abstract: Abstract We contribute to the theoretical depiction of family firms’ reactions during a downturn by adopting the ability and willingness approach. Specifically, we suggest that the combination of the ability and the willingness to pursue family-centered noneconomic (FCNE) goals makes family firms less likely to engage in restructuring activities and more likely to engage in an escalation of commitment. Moreover, we further investigate the family firms’ heterogeneity and introduce the idea that the willingness of family firms to pursue FCNE goals may be influenced by the geographical context and the generational stage of the enterprising family.

Keywords: Family firms; Goals; Restructuring; Escalation of commitment (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-319-77676-7_18

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DOI: 10.1007/978-3-319-77676-7_18

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