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The setting of non-financial goals in the family firm: The influence of family climate and identification

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  • Cabrera-Suárez, Mª Katiuska
  • Déniz-Déniz, Mª de La Cruz
  • Martín-Santana, Josefa D.

Abstract

The article contributes to the literature on socioemotional wealth by analysing the drivers of non-financial goals in the family firm. We draw from family system and social identity literature to analyse how family dynamics affect the setting of non-financial goals suggesting that this influence is mediated by the family's degree of identification with the firm. More specifically, we propose that a positive family climate in terms of cohesion, open communication and intergenerational attention generates a greater identification of the family with the firm. In turn, identification leads the firm to adopt value creation goals specific to the family or non-financial goals. Data obtained from 374 members of TMTs in 173 Spanish private family firms allow for the confirmation of these expectations.

Suggested Citation

  • Cabrera-Suárez, Mª Katiuska & Déniz-Déniz, Mª de La Cruz & Martín-Santana, Josefa D., 2014. "The setting of non-financial goals in the family firm: The influence of family climate and identification," Journal of Family Business Strategy, Elsevier, vol. 5(3), pages 289-299.
    • Handle: RePEc:eee:fambus:v:5:y:2014:i:3:p:289-299
    DOI: 10.1016/j.jfbs.2014.05.003
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    Cited by:

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    7. Elsbach, Kimberly D. & Pieper, Torsten M., 2019. "How psychological needs motivate family firm identifications and identifiers: A framework and future research agenda," Journal of Family Business Strategy, Elsevier, vol. 10(3), pages 1-1.
    8. Wu, Bao & Monfort, Abel & Jin, Chenfei & Shen, Xinyan, 2022. "Substantial response or impression management? Compliance strategies for sustainable development responsibility in family firms," Technological Forecasting and Social Change, Elsevier, vol. 174(C).
    9. Josh Wei-Jun Hsueh & Manuel Gomez-Solorzano, 2019. "Social Tie Heterogeneity and Firms’ Networking Strategy," Entrepreneurship Theory and Practice, , vol. 43(2), pages 352-359, March.
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    11. Cabeza-García, Laura & Sacristán-Navarro, María & Gómez-Ansón, Silvia, 2017. "Family involvement and corporate social responsibility disclosure," Journal of Family Business Strategy, Elsevier, vol. 8(2), pages 109-122.
    12. Gregorio Sánchez-Marín & Antonio J. Carrasco-Hernández & Ignacio Danvila-del-Valle, 2020. "Effects of family involvement on the monitoring of CEO compensation," International Entrepreneurship and Management Journal, Springer, vol. 16(4), pages 1347-1366, December.
    13. Silvia Corral & Claudia D´Annunzio & Alfredo Rébori, 2022. "Respuestas Estratégicas de las Empresas Familiares Argentinas Frente a la Crisis del Covid-19. Estudio de Casos," Revista Ciencias Administrativas (CADM), IIA, Universidad Nacional de La Plata, Instituto de Investigaciones Administrativas, Facultad de Ciencias Económicas, Universidad Nacional de La Plata, issue 19, pages 1-15, January-J.
    14. Kanadlı, Sadi Boĝaç & Torchia, Mariateresa & Gabaldon, Patricia & Calabrò, Andrea, 2020. "Effects of Task Conflict on Board Task Performance in Family Firms: The Importance of Board Openness," Journal of Family Business Strategy, Elsevier, vol. 11(2).
    15. P. López-Delgado & J. Diéguez-Soto, 2020. "Indebtedness in family-managed firms: the moderating role of female directors on the board," Review of Managerial Science, Springer, vol. 14(4), pages 727-762, August.
    16. Vazquez, Pedro & Rocha, Héctor, 2018. "On the goals of family firms: A review and integration," Journal of Family Business Strategy, Elsevier, vol. 9(2), pages 94-106.
    17. Ada Domańska & Ewa Więcek-Janka & Robert Zajkowski, 2022. "Implementing Sustainable Development Concept: A Typology of Family Firms in Poland," Sustainability, MDPI, vol. 14(7), pages 1-21, April.
    18. López-Delgado, P. & Diéguez-Soto, J., 2015. "Lone founders, types of private family businesses and firm performance," Journal of Family Business Strategy, Elsevier, vol. 6(2), pages 73-85.

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