By Jörg Schäfer
Jörg Schäfer investigates the impression of relations enterprise particular selection rationales in line with socioemotional wealth on vertical and horizontal pay levels in family members enterprises. development on a main information set of over two hundred family members organizations in Germany and making use of a number of regression research thoughts, in addition to, the company conceptual origin in kin enterprise and repayment thought, the awarded examine offers solutions concerning antecedents of pay version, and the standards that force diversified family members organisations to pursue and enforce particular pay buildings and pay adaptations. moreover, the dissertation contributes to the present examine discussions, by means of partly validating the FIBER scale, proving the heterogeneity of relations enterprises and including robustness to technique and variety measures within the reimbursement context.
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Additional info for Pay Variation in Family Firms
However, it may still be too restrictive in its past research agenda as political and Theoretical framework: Definitions, theories, limitations 23 cultural aspects have not yet been in the research focus and may explain even better, at least for some firms, family firm specific behavior. It is comprehensible that acquiring political power or satisfying community needs may be beneficial for firms (Miller and Le Breton-Miller, 2014). Thornton, Ocasio, and Lounsbury (2012) have already stated that institutional rationalities concerning religion, state, market, community may all be related to family firm specific behavior.
However, due to the manifold categorical options possible, the circle models could not satisfy the ultimate desire for definition clarity. To advance in this area, Chrisman et al. (2005) summarized existing literature and named two approaches to remedy this lack of clarity. He based his “Components-ofinvolvement” approach conceptually on the three-circle-model. , 2005: p. 556). g. a family owner, family involvement in management or clear control over the firm. , 1999; Hack, 2009). , 2005: p. 556–557).
1157). Taking into account this statement it becomes obvious where the PSE approach fits into the previously discussed SEW concept and FIBER model. , 2010). , 2012). Furthermore, the PSE approach includes FIBER model aspects as Cennamo et al. (2012) cluster the FIBER reference points as instrumental and / or normative and indicate their direction towards external and internal stakeholders. For a conceptual visualization see Cennamo et al. (2012)’s SEW-PSE Model in Figure 2-1. Figure 2-1: The SEW-PSE Model by Cennamo et al.
Pay Variation in Family Firms by Jörg Schäfer