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Virtue Ethics, Values of the Founders, and Organizational Growth

In: Intrinsic CSR and Competition

Author

Listed:
  • Josh Wei-Jun Hsueh

    (University of St. Gallen)

Abstract

This chapter provides a theoretical model to explain the heterogeneity of family businesses regarding sustainability activities. Family business scholars tend to argue that the non-financial goals of family businesses, through the construct of socio-emotional wealth (SEW), would motivate a family business to adopt more a proactive sustainability strategy than a non-family business that is driven by the financial goal. However, studies have mixed supports when scholars rarely consider that family businesses have both financial and non-financial goals and their importance are contingent upon the life-stage of the firm. In this chapter, I propose a temporal framework that differentiates family businesses at three stages—founding, post-founder, and cousin consortia—in which the alignment between financial and SEW goals varies, and thus changes the focus of a family business’ sustainability strategy. It discusses critical role of temporal factor when examining sustainability strategies of family businesses.

Suggested Citation

  • Josh Wei-Jun Hsueh, 2020. "Virtue Ethics, Values of the Founders, and Organizational Growth," Springer Books, in: Walter Wehrmeyer & Stéphanie Looser & Mara Del Baldo (ed.), Intrinsic CSR and Competition, chapter 0, pages 185-200, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-21037-3_11
    DOI: 10.1007/978-3-030-21037-3_11
    as

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