Managerial family ties and employee risk bearing in family firms: evidence from Spanish car dealers
Fecha
2018Versión
Acceso abierto / Sarbide irekia
Tipo
Artículo / Artikulua
Versión
Versión aceptada / Onetsi den bertsioa
Impacto
|
10.1002/hrm.21829
Resumen
This article discusses that family firms in which the top management team (TMT) is dominated bynonfamily managers are more likely to shift risk to employees through incentive pay schemesthan family firms with TMTs dominated by family members. We also argue that this tendencyis aggravated in firms of bigger size, as this condition makes nonfamily managers more vulnerable. We further note that diff ...
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This article discusses that family firms in which the top management team (TMT) is dominated bynonfamily managers are more likely to shift risk to employees through incentive pay schemesthan family firms with TMTs dominated by family members. We also argue that this tendencyis aggravated in firms of bigger size, as this condition makes nonfamily managers more vulnerable. We further note that differences between family- and non-family-dominated TMTs maylessen when the sales trend is negative. The analyses conducted on a sample of 219 family-controlled car dealerships in Spain confirm our expectations. [--]
Materias
Family firms,
Incentive pay,
Nonfamily managers,
Risk bearing,
Socioemotional wealth
Editor
Wiley
Publicado en
Human Resource Management, 2018, 57(5), 993-1007
Departamento
Universidad Pública de Navarra. Departamento de Gestión de Empresas /
Nafarroako Unibertsitate Publikoa. Enpresen Kudeaketa Saila /
Universidad Pública de Navarra/Nafarroako Unibertsitate Publikoa. Institute for Advanced Research in Business and Economics - INARBE
Versión del editor
Entidades Financiadoras
Martín Larraza-Kintana acknowledges financial support by the Spanish Ministry of Economy and Competitiveness research project ECO2013-48496-C4-2-R. José Moyano-Fuentes acknowledges financial support by the BBVA Foundation research project obtained in the First Call of BBVA Foundation Grants for Research Projects (Socio Economics Area).