The Invisible Hand of Evolutionary Psychology: The Importance of Kinship in First-Generation Family Firms

被引：50

作者：

Yu, Xiaodong ^{[1
]}

Stanley, Laura ^{[2
]}

Li, Yuping ^{[1
]}

Eddleston, Kimberly A. ^{[4
]}

Kellermanns, Franz W. ^{[3
,5
]}

机构：

[1] Cent Univ Finance & Econ, Sch Business, Beijing, Peoples R China

[2] Univ N Carolina, Dept Management, Belk Coll Business, Charlotte, NC USA

[3] Univ N Carolina, Dept Management, Charlotte, NC USA

[4] Northeastern Univ, Entrepreneurship & Innovat Grp, Boston, MA 02115 USA

[5] WHU Otto Beisheim Sch Management, Ctr Family Business, Vallendar, Germany

来源：

ENTREPRENEURSHIP THEORY AND PRACTICE | 2020年 / 44卷 / 01期

关键词：

kinship; family firm; executive salaries; socioemotional wealth (SEW); evolutionary psychology; MYOPIC LOSS AVERSION; SOCIOEMOTIONAL WEALTH; NONFAMILY FIRMS; MODERATING ROLE; BUSINESS; ALTRUISM; INVOLVEMENT; INTERNATIONALIZATION; COMPENSATION; GOVERNANCE;

D O I：

10.1177/1042258719838256

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

While previous studies focus on differences between family and nonfamily firms regarding CEO selection and executive compensation, this study investigates differences among family firms with different types of kinship ties. We find that, compared with family firms with close kinship ties, those with distant kinship ties are more likely to appoint a nonfamily CEO and to pay nonfamily executives lower salaries. This relationship is moderated by firm performance and family ownership. Based on evolutionary psychology, we propose that family firms with close versus distant kinships have different motivation levels to preserve socioemotional wealth.

引用

页码：134 / 157

页数：24

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