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The setting of non-financial goals in the family firm: The influence of family climate and identification

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  • Cabrera-Suárez, Mª Katiuska
  • Déniz-Déniz, Mª de La Cruz
  • Martín-Santana, Josefa D.

Abstract

The article contributes to the literature on socioemotional wealth by analysing the drivers of non-financial goals in the family firm. We draw from family system and social identity literature to analyse how family dynamics affect the setting of non-financial goals suggesting that this influence is mediated by the family's degree of identification with the firm. More specifically, we propose that a positive family climate in terms of cohesion, open communication and intergenerational attention generates a greater identification of the family with the firm. In turn, identification leads the firm to adopt value creation goals specific to the family or non-financial goals. Data obtained from 374 members of TMTs in 173 Spanish private family firms allow for the confirmation of these expectations.

Suggested Citation

  • Cabrera-Suárez, Mª Katiuska & Déniz-Déniz, Mª de La Cruz & Martín-Santana, Josefa D., 2014. "The setting of non-financial goals in the family firm: The influence of family climate and identification," Journal of Family Business Strategy, Elsevier, vol. 5(3), pages 289-299.
    • Handle: RePEc:eee:fambus:v:5:y:2014:i:3:p:289-299
    DOI: 10.1016/j.jfbs.2014.05.003
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    7. Wu, Bao & Monfort, Abel & Jin, Chenfei & Shen, Xinyan, 2022. "Substantial response or impression management? Compliance strategies for sustainable development responsibility in family firms," Technological Forecasting and Social Change, Elsevier, vol. 174(C).
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    15. Ada Domańska & Ewa Więcek-Janka & Robert Zajkowski, 2022. "Implementing Sustainable Development Concept: A Typology of Family Firms in Poland," Sustainability, MDPI, vol. 14(7), pages 1-21, April.
    16. Elsbach, Kimberly D. & Pieper, Torsten M., 2019. "How psychological needs motivate family firm identifications and identifiers: A framework and future research agenda," Journal of Family Business Strategy, Elsevier, vol. 10(3), pages 1-1.
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