TY - JOUR
T1 - Managerial Family Ties and Employee Risk Bearing in Family Firms
T2 - Evidence from Spanish Car Dealers
AU - Gomez-Mejia, Luis R.
AU - Larraza-Kintana, Martin
AU - Moyano-Fuentes, Jose
AU - Firfiray, Shainaz
N1 - Research funding
Spanish Ministry of Economy and Competitiveness. Grant Number: ECO2013-48496-C4-2-R
BBVA Foundation research project
ACKNOWLEDGMENTS
Martin Larraza-Kintana acknowledges financial support by the Spanish Ministry of Economy and Competitiveness research project ECO2013-48496-C4-2-R. Jose Moyano-Fuentes acknowledges financial support by the BBVA Foundation research project obtained in the First Call of BBVA Foundation Grants for Research Projects (Socio Economics Area).
PY - 2018/9
Y1 - 2018/9
N2 - This article argues that family firms in which the top management team (TMT) is dominated by nonfamily managers are more likely to shift risk to employees through incentive pay schemes than family firms with TMTs dominated by family members. We also argue that this tendency is aggravated in firms of bigger size, as this condition makes nonfamily managers more vulnerable. We further note that differences between family‐ and non‐family‐dominated TMTs may lessen when the sales trend is negative. The analyses conducted on a sample of 219 family‐controlled car dealerships in Spain confirm our expectations.
AB - This article argues that family firms in which the top management team (TMT) is dominated by nonfamily managers are more likely to shift risk to employees through incentive pay schemes than family firms with TMTs dominated by family members. We also argue that this tendency is aggravated in firms of bigger size, as this condition makes nonfamily managers more vulnerable. We further note that differences between family‐ and non‐family‐dominated TMTs may lessen when the sales trend is negative. The analyses conducted on a sample of 219 family‐controlled car dealerships in Spain confirm our expectations.
U2 - 10.1002/hrm.21829
DO - 10.1002/hrm.21829
M3 - Article
VL - 57
SP - 993
EP - 1007
JO - Human Resource Management
JF - Human Resource Management
SN - 1099-050X
IS - 5
ER -