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Family firms as incubators for ethical behavior: An exploratory study from the perspective of stewardship theory

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  • Vallejo-Martos, Manuel Carlos
  • Puentes-Poyatos, Raquel

Abstract

This work aims to determine whether family firms have differential characteristics that make them better incubators for ethical behavior from the perspective of stewardship theory. Results show that the psychological and situational factors that stewardship theory points to as determinants in the construction of principal–steward relationships are more evident in family firms than in non-family firms. These factors result in the behavior of owners and non-family employees becoming more ethical – with all the benefits this implies for these firms.

Suggested Citation

  • Vallejo-Martos, Manuel Carlos & Puentes-Poyatos, Raquel, 2014. "Family firms as incubators for ethical behavior: An exploratory study from the perspective of stewardship theory," Journal of Management & Organization, Cambridge University Press, vol. 20(6), pages 784-807, November.
    • Handle: RePEc:cup:jomorg:v:20:y:2014:i:06:p:784-807_00
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    Cited by:

    1. Ben Akume & Osarumwense Iguisi, 2020. "Developing capabilities for sustainability in family owned SMEs: An emerging market scenario," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 9(6), pages 24-36, October.
    2. Pötschke, Ivonne, 2020. "A Felt Truth: Value Congruence in Family Firms," management revue - Socio-Economic Studies, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 31(3), pages 281-308.
    3. Llach, Josep & Sanchez-Famoso, Valeriano & Danes, Sharon M., 2023. "Unmasking nonfamily employees’ complex contribution to family business performance: A place identity theory approach," Journal of Family Business Strategy, Elsevier, vol. 14(4).
    4. Pötschke, Ivonne, 2019. "The Ties That Bind: Exploring relationship-oriented values in family firms from employees' perspective," Working Papers 3, Helmut Schmidt University, Research Cluster OPAL.

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