Work

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

Year: 2021

Type: article

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.

Source: Entrepreneurship Research Journal

DOI: 10.1515/erj-2019-0264

Authors: Bart Henssen, Matti Koiranen

Institutions: Odisee, University of Applied Sciences, University of Jyväskylä

Language: English

Topic: Family Business Performance and Succession

Subfield: Organizational Behavior and Human Resource Management

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: bronze

OpenAlex ID: W3167582102

FWCI: 3.152

Cites: 92

Cited by: 27

Related to: 10