Family firms as incubators for ethical behavior: An exploratory study from the perspective of stewardship theory

This work aims to determine whether family firms have differential characteristics that make them better incubators for ethical behavior from the perspective of stewardship theory. Results show that the psychological and situational factors that stewardship theory points to as determinants in the co...

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Bibliographic Details
Published in:Journal of management & organization 2014-11, Vol.20 (6), p.784-807
Main Authors: Vallejo-Martos, Manuel Carlos, Puentes-Poyatos, Raquel
Format: Article
Language:English
Subjects:
Agency theory
Altruism
Business ethics
Corporate culture
Employees
Ethics
Family owned businesses
Managers
Organizational behavior
Role models
Studies
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Summary:This work aims to determine whether family firms have differential characteristics that make them better incubators for ethical behavior from the perspective of stewardship theory. Results show that the psychological and situational factors that stewardship theory points to as determinants in the construction of principal–steward relationships are more evident in family firms than in non-family firms. These factors result in the behavior of owners and non-family employees becoming more ethical – with all the benefits this implies for these firms.
ISSN:1833-3672
1839-3527
DOI:10.1017/jmo.2014.55