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

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  • Rantanen, Noora
  • Jussila, Iiro

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.

Suggested Citation

  • Rantanen, Noora & Jussila, Iiro, 2011. "F-CPO: A collective psychological ownership approach to capturing realized family influence on business," Journal of Family Business Strategy, Elsevier, vol. 2(3), pages 139-150.
  • Handle: RePEc:eee:fambus:v:2:y:2011:i:3:p:139-150
    DOI: 10.1016/j.jfbs.2011.07.005
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    References listed on IDEAS

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    Cited by:

    1. Ramos, Hazel Melanie & Man, Thomas Wing Yan & Mustafa, Michael & Ng, Zuie Zuie, 2014. "Psychological ownership in small family firms: Family and non-family employees’ work attitudes and behaviours," Journal of Family Business Strategy, Elsevier, vol. 5(3), pages 300-311.
    2. Henssen, Bart & Voordeckers, Wim & Lambrechts, Frank & Koiranen, Matti, 2014. "The CEO autonomy–stewardship behavior relationship in family firms: The mediating role of psychological ownership," Journal of Family Business Strategy, Elsevier, vol. 5(3), pages 312-322.
    3. Carmen Gallucci & Rosalia Santulli, 2013. "Il family brand nella comunicazione online. Un focus sul settore vino," MERCATI E COMPETITIVITÀ, FrancoAngeli Editore, vol. 2013(4), pages 127-148.
    4. repec:eee:jbrese:v:84:y:2018:i:c:p:312-326 is not listed on IDEAS

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