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Family Firm Behavior From a Psychological Perspective

Author

Listed:
  • Pramodita Sharma
  • James J. Chrisman
  • Jess H. Chua
  • Lloyd P. Steier

Abstract

The heterogeneity of family firms and their simultaneous pursuit of financial and nonfinancial goals is well established in the literature. However, causal factors underlying the variance in the goals, behaviors, and performance of family firms remain unclear. To help fill this gap, the articles in this special issue point to psychological aspects of individuals and families that underpin family firm behaviors and outcomes. Building on the theme of psychological influences, this introductory article discusses how the integration of five areas of psychology can accelerate our understanding of the causes and consequences of individual and group behaviors in family firms.

Suggested Citation

  • Pramodita Sharma & James J. Chrisman & Jess H. Chua & Lloyd P. Steier, 2020. "Family Firm Behavior From a Psychological Perspective," Entrepreneurship Theory and Practice, , vol. 44(1), pages 3-19, January.
    • Handle: RePEc:sae:entthe:v:44:y:2020:i:1:p:3-19
    DOI: 10.1177/1042258719879675
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    References listed on IDEAS

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    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. Herdhayinta, Heyvon & Lau, James & Shen, Carl Hsin-han, 2023. "Cash holdings of minority family businesses in Indonesia," Emerging Markets Review, Elsevier, vol. 55(C).
    8. Bruton, Garry D. & Chen, Juanyi, 2022. "Bringing entrepreneurship and family business fully into a home in management departments," Journal of Family Business Strategy, Elsevier, vol. 13(1).
    9. Bornhausen, Anna Maria, 2022. "Conceptualizing cross-country analyses of family firms: A systematic review and future research agenda," International Business Review, Elsevier, vol. 31(4).
    10. Cox, Kevin C. & Lortie, Jason & Marshall, David R. & Kidwell, Roland E., 2022. "Beyond the balance Sheet: The effects of family influence on social performance," Journal of Business Research, Elsevier, vol. 143(C), pages 318-330.
    11. Mondal, Arindam & Ray, Sougata & Lahiri, Somnath, 2022. "Family ownership, family management, and multinationality: Evidence from India," Journal of Business Research, Elsevier, vol. 138(C), pages 347-359.
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