6533b7dcfe1ef96bd1273295

RESEARCH PRODUCT

CEOs’ Joy of Working for the Family Firm: The Role of Psychological Ownership and Stewardship Behavior

Bart HenssenMatti Koiranen

subject

EntrepreneurshipComputingMilieux_THECOMPUTINGPROFESSIONFamily businessbusiness.industryStrategy and Management05 social sciencesComputingMilieux_LEGALASPECTSOFCOMPUTINGPublic relationsGeneralLiterature_MISCELLANEOUSWork (electrical)Management of Technology and Innovation0502 economics and business050211 marketingStewardshipBusiness and International Managementbusiness050203 business & management

description

Abstract In this article, we examine the factors which lead to CEOs’ joy of working for the family firm, as it is expected to contribute to their willingness to invest in its perpetuation and success. We focus on three such factors: CEOs’ collective psychological ownership, their individual psychological ownership, and CEOs’ stewardship behavior. We find that on the one hand, the relationship between CEOs’ collective psychological ownership and their joy of working for the family business is mediated by their stewardship behavior, and on the other hand, stewardship behavior mediates the relationship between CEOs’ individual psychological ownership and their joy of work. We make valuable contributions to psychological ownership literature, to stewardship literature, and to the literature on joy and joy at work.

https://doi.org/10.1515/erj-2019-0264