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Is nepotism so bad for family firms? A socioemotional wealth approach
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Firfiray, Shainaz, Cruz, Cristina, Neacsu, Ionela and Gomez-Mejia, Luis R. (2018) Is nepotism so bad for family firms? A socioemotional wealth approach. Human Resource Management Review, 28 (1). pp. 83-97. doi:10.1016/j.hrmr.2017.05.008 ISSN 1053-4822.
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Official URL: https://doi.org/10.1016/j.hrmr.2017.05.008
Abstract
This paper focuses on the issue of nepotism or the practice of hiring and managing family members in family firms. Extant research suggests that while nepotism is related to numerous problems, it also offers some unique advantages to family owned firms. We use a socioemotional wealth (SEW) perspective to develop a theoretical framework that explains how nepotism influences firm performance. In doing so, we rely upon a nuanced conceptualization of SEW to clarify why some family firms are more likely to engage in nepotism than others, as well as explain the contingencies under which nepotism may prove beneficial or detrimental for family firms. Finally, we explore how human resource practices might impact the interplay between nepotism, environmental contingencies, and firm performance.
| Item Type: | Journal Article | ||||||||
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| Subjects: | H Social Sciences > HD Industries. Land use. Labor | ||||||||
| Divisions: | Faculty of Social Sciences > Warwick Business School > Industrial Relations Research Unit Faculty of Social Sciences > Warwick Business School |
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| Library of Congress Subject Headings (LCSH): | Family corporations, Nepotism, Wealth -- Psychological aspects, Personnel management | ||||||||
| Journal or Publication Title: | Human Resource Management Review | ||||||||
| Publisher: | Pergamon | ||||||||
| ISSN: | 1053-4822 | ||||||||
| Official Date: | March 2018 | ||||||||
| Dates: |
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| Volume: | 28 | ||||||||
| Number: | 1 | ||||||||
| Page Range: | pp. 83-97 | ||||||||
| DOI: | 10.1016/j.hrmr.2017.05.008 | ||||||||
| Status: | Peer Reviewed | ||||||||
| Publication Status: | Published | ||||||||
| Access rights to Published version: | Restricted or Subscription Access | ||||||||
| Date of first compliant deposit: | 18 October 2016 | ||||||||
| Date of first compliant Open Access: | 28 November 2017 | ||||||||
| Related URLs: |
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