The Psychological Foundations of Management in Family Firms:Values, Biases, and Heuristics

UNSPECIFIED (2021) The Psychological Foundations of Management in Family Firms:Values, Biases, and Heuristics. Family Business Review, 34 (1). pp. 12-32. ISSN 0894-4865

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Abstract

Considering the heterogeneity of family firm behaviors as reflecting the values, biases, and heuristics of individuals, we discuss the implications of the psychological foundations of management in family firms. We develop a conceptual framework for investigating how the values, biases, and heuristics of family and nonfamily members affect strategic decision-making and the outcomes of family firms. To advance the field, we put forward some relevant questions and offer a future research agenda at the intersection of the psychological foundations of management and family business.

Item Type:
Journal Article
Journal or Publication Title:
Family Business Review
Uncontrolled Keywords:
/dk/atira/pure/subjectarea/asjc/1400/1401
Subjects:
ID Code:
152823
Deposited By:
Deposited On:
16 Mar 2021 16:15
Refereed?:
Yes
Published?:
Published
Last Modified:
08 Jun 2021 05:24