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Commitment Escalation to a Failing Family Business

Author

Listed:
  • Francesco Chirico
  • Carlo Salvato
  • Barbara Byrne
  • Naveed Akhter
  • Juan Arriaga múzquiz

Abstract

The overarching intent of this manuscript is to heighten awareness to the concept of commitment escalation as it bears on a failing family business. Specifically, drawing on the concept of emotional ownership, together with self‐justification arguments, we (1) identify factors considered to be most forceful in contributing to the presence of commitment escalation and thus, resistance to change in a failing family business, and (2) model these related factors in a form that can serve heuristically to stimulate future empirical research capable of testing for the construct validity of commitment escalation in a family business context.

Suggested Citation

  • Francesco Chirico & Carlo Salvato & Barbara Byrne & Naveed Akhter & Juan Arriaga múzquiz, 2018. "Commitment Escalation to a Failing Family Business," Journal of Small Business Management, Taylor & Francis Journals, vol. 56(3), pages 494-512, July.
    • Handle: RePEc:taf:ujbmxx:v:56:y:2018:i:3:p:494-512
    DOI: 10.1111/jsbm.12316
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    Cited by:

    1. Alexandra Bertschi-Michel & Philipp Sieger & Thomas Wittig & Andreas Hack, 2023. "Sacrifice, Protect, and Hope for the Best: Family Ownership, Turnaround Moves, and Crisis Survival," Entrepreneurship Theory and Practice, , vol. 47(4), pages 1132-1168, July.
    2. Barrédy, Céline, 2023. "The paradox between monitoring and entrenchment in a two-tier family business: The contribution of the external commitment theory," Journal of Business Research, Elsevier, vol. 155(PB).

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