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An exploratory study of firm goals in the context of family firms: An institutional logics perspective

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  • Aparicio, Gloria
  • Basco, Rodrigo
  • Iturralde, Txomin
  • Maseda, Amaia

Abstract

It is assumed that cross-firm behavioral differences are caused by the different goals owners and managers leave imprinted on their organizations. However, researchers have failed to come to agreement regarding what firm goals are, what types of firm goals exist, and to what extent one type of goal is superior to others. Therefore, the aim of this study is to address these gaps using the Hybrid Delphi methodology in the particular context of family firms. Our results provide a list of family business goals, an aggregation of family business goals based on institutional logics, and evidence of the coexistence of multiple goals.

Suggested Citation

  • Aparicio, Gloria & Basco, Rodrigo & Iturralde, Txomin & Maseda, Amaia, 2017. "An exploratory study of firm goals in the context of family firms: An institutional logics perspective," Journal of Family Business Strategy, Elsevier, vol. 8(3), pages 157-169.
    • Handle: RePEc:eee:fambus:v:8:y:2017:i:3:p:157-169
    DOI: 10.1016/j.jfbs.2017.08.002
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    Cited by:

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    9. Randolph, Robert V. & Alexander, Benjamin N. & Debicki, Bart J. & Zajkowski, Robert, 2019. "Untangling non-economic objectives in family & non-family SMEs: A goal systems approach," Journal of Business Research, Elsevier, vol. 98(C), pages 317-327.
    10. Lorenzo Dal Maso & Rodrigo Basco & Thomas Bassetti & Nicola Lattanzi, 2020. "Family ownership and environmental performance: The mediation effect of human resource practices," Business Strategy and the Environment, Wiley Blackwell, vol. 29(3), pages 1548-1562, March.
    11. Godlewski, Christophe J. & Le, Nhung Hong, 2022. "Family firms and the cost of borrowing: empirical evidence from East Asia," Research in International Business and Finance, Elsevier, vol. 60(C).
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    13. Jara, Mauricio & López-Iturriaga, Félix J. & Torres, Juan Pablo, 2021. "Firm value and pyramidal structures: New evidence for family firms," Journal of Business Research, Elsevier, vol. 127(C), pages 399-412.
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    20. Ruqia Shaikh & Zhiqiang Li & Xiaoli Wang & Muhammad Rizwan Nazir, 2022. "Firm innovation and ultimate control mechanism: Case of emerging market," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(2), pages 440-456, March.

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