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Family Business and Values

RESearch Track

Track Chair: Imanol Belausteguigoitia, ITAM Mexico City, & Petra Moog, Siegen University

Description of the track

For a family business, values are often mentioned as the connective tissue for the family and the business itself. Thus, values are named as the sources of success, commitment, and quite often as the main factor for the longevity of the family business (Tàpies/Fernández 2012). The analysis of the significance of values in family firms as a field of research has undergone remarkable growth in the international academic arena during recent decades. But, as Koiranen pointed out in an article published in Family Business Review: “Family business values are widely discussed in previous writings, but often without sufficient empirical evidence” (Koiranen, 2002, p. 176). Little is known about the specific values and how they influence alone or as a bundle the longevity and success of family business. Thus, values itself in such business context are understudied because it is often just regarded as a monolithic block, which does not do justice to the variety of values because it is a complex phenomenon consisting of cognitive, affective, and behavioural components (Schouten, Graafland & Kaptein 2014, p. 440).

The present track intends to set the focus on family business and values and on disentangling these values into specific dimensions as part of a multidimensional construct. Apart from general workplace values and outcomes being subject to workplace discussions (Kolodinsky, Giacalone & Jurkiewicz 2008), the concept considerably contributes to positive attitudes concerning business ethics (Corner 2009; Giacalone & Jurkiewicz 2003; Gotsis & Kortezi 2008, Sheep 2006).

Following Hicks (2003), we support the idea that values and ethics do not receive enough attention in the study of family business issues. It is thus warranted to further study the interaction of an individual’s values, family values with variables in the business context because there is convincing evidence that strongly suggests an influence and a certain co-dependence. As such, so Webley (2011) inclines, those dearly held beliefs may affect all of life’s areas which naturally also include the workplace. Depending on the mix of values and business ethics, various outcomes in the organizational context may emerge.

So, derived from the preceding elucidation, the research topic we want to discuss in a broad approach can be formulated as: "Antecedents and Consequences of Values in Organizations“. In this context, the session aims at presenting cutting edge research on family business values and business ethics, preferably on the basis of empirical (qualitative or quantitative) data.

We welcome submissions from a wider interdisciplinary range of researchers, experts and scholars, such as those in management, sociology or psychology or economic history.

Possible topics include but are not limited to:

•    Interactions and interdependencies between values, ethics and family business (and performance)
•    Individuals and teams, groups and networks: agents of values and ethics in family business
•    What are the values in families look like 
•    Old family businesses and young family business – a difference in values?
•    Generational conflicts or overlaps regarding values and business ethics
•    Values and profit

We particularly encourage contributions that address one or more of the listed topics, developing theoretical and deriving innovative methodological approaches appropriate to research in this context.

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