IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v12y2020i10p4048-d358421.html
   My bibliography  Save this article

The Reciprocal Involvement of Family Business Owners and Communities in Business Success

Author

Listed:
  • Jennifer Johnson Jorgensen

    (Textiles, Merchandising & Fashion Design, University of Nebraska-Lincoln, 205 Home Economics, Lincoln, NE 68583-0802, USA)

  • Diane Masuo

    (Family & Consumer Sciences, University of Hawaii at Manoa, Honolulu, HI 96816, USA)

  • Linda Manikowske

    (Apparel, Merchandising, Interior Design, and Hospitality Management, North Dakota State University, Fargo, ND 58108, USA)

  • Yoon Lee

    (Human Development and Family Studies, Utah State University, Logan, UT 84322-2905, USA)

Abstract

It is believed that highly involved business owners and community members will yield benefits to ensure business and community sustainability over time. However, little research has delved into understanding the role of business owners’ involvement and the community’s involvement in business outcomes. Thus, the purpose of this study was to investigate the reciprocal involvement of family business owners and the community. To investigate this phenomenon, this study utilized survey data from a rare group of business owners who currently operate long-standing businesses. Results indicate that more involved business owners perceived higher levels of business success. When seeking a profit, business owners also tended to be more involved in the community than owners not seeking a profit. However, family-owned businesses felt that the community did not contribute to their businesses and did not stay involved over time. Overall, business owners felt that they contributed more than the community provided in return. Recommendation is made to stress in entrepreneurship curricula the importance of reciprocal involvement between businesses and their communities and vice versa to promote business and community sustainability over time.

Suggested Citation

  • Jennifer Johnson Jorgensen & Diane Masuo & Linda Manikowske & Yoon Lee, 2020. "The Reciprocal Involvement of Family Business Owners and Communities in Business Success," Sustainability, MDPI, vol. 12(10), pages 1-14, May.
    • Handle: RePEc:gam:jsusta:v:12:y:2020:i:10:p:4048-:d:358421
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/12/10/4048/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/12/10/4048/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Kathryn Stafford & Vibha Bhargava & Sharon Danes & George Haynes & Katherine Brewton, 2010. "Factors Associated with Long-Term Survival of Family Businesses: Duration Analysis," Journal of Family and Economic Issues, Springer, vol. 31(4), pages 442-457, December.
    2. Sungmin Kang & Youn Kue Na, 2018. "The Effect of the Relationship Characteristics and Social Capital of the Sharing Economy Business on the Social Network, Relationship Competitive Advantage, and Continuance Commitment," Sustainability, MDPI, vol. 10(7), pages 1-22, June.
    3. Alexander Dahlsrud, 2008. "How corporate social responsibility is defined: an analysis of 37 definitions," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 15(1), pages 1-13, January.
    4. Fortunato Michael W-P & Alter Theodore R, 2011. "The Individual-Institutional-Opportunity Nexus: An Integrated Framework for Analyzing Entrepreneurship Development," Entrepreneurship Research Journal, De Gruyter, vol. 1(1), pages 1-36, January.
    5. Winter, Mary & Danes, Sharon M. & Koh, Sun-Kang & Fredericks, Kelly & Paul, Jennifer J., 2004. "Tracking family businesses and their owners over time: panel attrition, manager departure and business demise," Journal of Business Venturing, Elsevier, vol. 19(4), pages 535-559, July.
    6. Jason Henderson, 2002. "Building the rural economy with high-growth entrepreneurs," Economic Review, Federal Reserve Bank of Kansas City, vol. 87(Q III), pages 45-70.
    7. Whitney O. Peake & Danielle Cooper & Margaret A. Fitzgerald & Glenn Muske, 2017. "Family Business Participation in Community Social Responsibility: The Moderating Effect of Gender," Journal of Business Ethics, Springer, vol. 142(2), pages 325-343, May.
    8. Fortunato Michael W-P & McLaughlin Diane K., 2012. "Interaction and Purpose in Highly Entrepreneurial Communities," Entrepreneurship Research Journal, De Gruyter, vol. 2(1), pages 1-36, January.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Maria Marshall & Linda Niehm & Sandra Sydnor & Holly Schrank, 2015. "Predicting small business demise after a natural disaster: an analysis of pre-existing conditions," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 79(1), pages 331-354, October.
    2. Holly Schrank & Maria Marshall & Adrienne Hall-Phillips & Renee Wiatt & Nicole Jones, 2013. "Small-business demise and recovery after Katrina: rate of survival and demise," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 65(3), pages 2353-2374, February.
    3. Stafford, Kathryn & Danes, Sharon M. & Haynes, George W., 2013. "Long-term family firm survival and growth considering owning family adaptive capacity and federal disaster assistance receipt," Journal of Family Business Strategy, Elsevier, vol. 4(3), pages 188-200.
    4. Christoph Stock & Laura Pütz & Sabrina Schell & Arndt Werner, 2024. "Corporate Social Responsibility in Family Firms: Status and Future Directions of a Research Field," Journal of Business Ethics, Springer, vol. 190(1), pages 199-259, February.
    5. Debora Scarpato & Gennaro Civero & Vincenzo Rusciano & Marcello Risitano, 2020. "Sustainable strategies and corporate social responsibility in the Italian fisheries companies," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(6), pages 2983-2990, November.
    6. Sapanna Laysiriroj & Walter Wehrmeyer, 2020. "Intergenerational differences of CSR activities in family-run businesses in eastern Thailand," Asian Journal of Sustainability and Social Responsibility, Springer, vol. 5(1), pages 1-15, December.
    7. Vuong, Quan-Hoang & Huyen, Nguyen Thanh Thanh & Pham, Thanh-Hang & Phuong, Luong Anh & Nguyen, Minh-Hoang, 2020. "Mapping the intellectual and conceptual structure of research on gender issues in the family business: A bibliometric review," OSF Preprints jgnrw, Center for Open Science.
    8. Ivan Hilliard, 2013. "Responsible Management, Incentive Systems, and Productivity," Journal of Business Ethics, Springer, vol. 118(2), pages 365-377, December.
    9. Zhonghua Zhao & Fanchen Meng & Yin He & Zhouyang Gu, 2019. "The Influence of Corporate Social Responsibility on Competitive Advantage with Multiple Mediations from Social Capital and Dynamic Capabilities," Sustainability, MDPI, vol. 11(1), pages 1-16, January.
    10. Justo, Rachida & DeTienne, Dawn R. & Sieger, Philipp, 2015. "Failure or voluntary exit? Reassessing the female underperformance hypothesis," Journal of Business Venturing, Elsevier, vol. 30(6), pages 775-792.
    11. David Benjamin Billedeau & Jeffrey Wilson & Naima Samuel, 2022. "From Responsibility to Requirement: COVID, Cars, and the Future of Corporate Social Responsibility in Canada," Sustainability, MDPI, vol. 14(11), pages 1-16, May.
    12. Panizzon, Marion & Sieber-Gasser, Charlotte, 2010. "Legal Framework for Cross-Regional Networks: The Case of Services and Migration," Papers 98, World Trade Institute.
    13. Chris Hydock & Neeru Paharia & T. J. Weber, 2019. "The Consumer Response to Corporate Political Advocacy: a Review and Future Directions," Customer Needs and Solutions, Springer;Institute for Sustainable Innovation and Growth (iSIG), vol. 6(3), pages 76-83, December.
    14. Luger, Michaela & Hofer, Katharina Maria & Floh, Arne, 2022. "Support for corporate social responsibility among generation Y consumers in advanced versus emerging markets," International Business Review, Elsevier, vol. 31(2).
    15. Francesco Gangi & Antonio Meles & Eugenio D'Angelo & Lucia Michela Daniele, 2019. "Sustainable development and corporate governance in the financial system: Are environmentally friendly banks less risky?," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 26(3), pages 529-547, May.
    16. Maria del Mar Miras & Bernabe Escobar & Amalia Carrasco, 2014. "Are Spanish Listed Firms Betting on CSR during the Crisis? Evidence from the Agency Problem," Business and Management Research, Business and Management Research, Sciedu Press, vol. 3(1), pages 85-95, March.
    17. Francesco Gangi & Mario Mustilli & Nicola Varrone & Lucia Michela Daniele, 2018. "Corporate Social Responsibility and Banks’ Financial Performance," International Business Research, Canadian Center of Science and Education, vol. 11(10), pages 42-58, October.
    18. Fernando Ubeda & Alvaro Mendez & Francisco Javier Forcadell, 2024. "Sustainable banking and trust in the global South," Global Policy, London School of Economics and Political Science, vol. 15(S1), pages 34-44, March.
    19. Hsueh, Che-Fu, 2014. "Improving corporate social responsibility in a supply chain through a new revenue sharing contract," International Journal of Production Economics, Elsevier, vol. 151(C), pages 214-222.
    20. Halit Gonenc & Bert Scholtens, 2019. "Responsibility and Performance Relationship in the Banking Industry," Sustainability, MDPI, vol. 11(12), pages 1-49, June.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:12:y:2020:i:10:p:4048-:d:358421. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.