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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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    2. Carmen Gallucci & Rosalia Santulli, 2013. "Il family brand nella comunicazione online. Un focus sul settore vino," MERCATI & COMPETITIVIT?, FrancoAngeli Editore, vol. 2013(4), pages 127-148.
    3. Tobak, Júlia & Nábrádi, András, 2017. "The Theoretical Approach To Succession Of Family Buisiness," Roczniki (Annals), Polish Association of Agricultural Economists and Agribusiness - Stowarzyszenie Ekonomistow Rolnictwa e Agrobiznesu (SERiA), vol. 2016(4), May.
    4. 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.
    5. Eddleston, Kimberly A. & Kellermanns, Franz W. & Collier, Gregory, 2019. "Research on family firm innovation: What do family firms actually think and do?," Journal of Family Business Strategy, Elsevier, vol. 10(4).
    6. Aldrich, Howard E. & Brumana, Mara & Campopiano, Giovanna & Minola, Tommaso, 2021. "Embedded but not asleep: Entrepreneurship and family business research in the 21st century," Journal of Family Business Strategy, Elsevier, vol. 12(1).
    7. Brundin, Ethel & McClatchey, Irene S. & Melin, Leif, 2023. "Leaving the family business: The dynamics of psychological ownership," Journal of Family Business Strategy, Elsevier, vol. 14(2).
    8. Pittino, Daniel & Barroso Martínez, Ascensión & Chirico, Francesco & Sanguino Galván, Ramón, 2018. "Psychological ownership, knowledge sharing and entrepreneurial orientation in family firms: The moderating role of governance heterogeneity," Journal of Business Research, Elsevier, vol. 84(C), pages 312-326.
    9. Rau, Sabine B. & Werner, Arndt & Schell, Sabrina, 2019. "Psychological ownership as a driving factor of innovation in older family firms," Journal of Family Business Strategy, Elsevier, vol. 10(4).

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