Virtue Ethics, Values of the Founders, and Organizational Growth
ISBN
978-3-030-21036-6
Type
book section
Date Issued
2019-09-15
Author(s)
Editor(s)
Wehrmeyer, Walter
Looser, Stéphanie
Del Baldo, Mara
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 the critical role of the temporal factor when examining sustainability strategies of family businesses.
Language
English
HSG Classification
contribution to scientific community
HSG Profile Area
Global Center for Entrepreneurship + Innovation
Book title
Intrinsic CSR and Competition
Publisher
Palgrave Macmillan
Publisher place
Cham
Start page
185
End page
200
Subject(s)
Division(s)
Eprints ID
257883
File(s)![Thumbnail Image]()
open.access
Name
Hsueh2020_Chapter_VirtueEthicsValuesOfTheFounder.pdf
Size
277.34 KB
Format
Adobe PDF
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