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      Stewardship-oriented Culture and Family Firm Performance: A Study on the Moderating Effects in an Emerging Economy

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          Abstract

          Abstract Prior literature has provided inconclusive evidence on the effects of family involvement in management (FIM) on family business (FB) performance. However, so far in the literature, there have been very few attempts to investigate FIM and family essence simultaneously as antecedents of FB performance. Therefore, we address this gap by studying how a stewardship-oriented culture (being a feature of FB essence) moderates the relationship between FIM and FB performance. We test our hypotheses with the Structural Equation Modeling technique using survey data in combination with archival data on a sample of 69 medium and large private Brazilian FBs. We find that a stewardship-oriented culture makes the relationship between a family CEO and FB performance weaker and observe that a stewardship has no moderating effect on the relationship between FIM and FB performance. These findings contradict prior literature on the beneficial role of stewardship in family-managed FB. Only in case of a nonfamily CEO, a stewardship-oriented culture positively moderates the relationship with FB performance. In addition, our study reveals a U-shaped nonlinear relationship between the level of FIM and FB performance, which is consistent with recent literature on the existence of faultlines derived from heterogeneous TMT and the impact on firm outcome.

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          Sources of method bias in social science research and recommendations on how to control it.

          Despite the concern that has been expressed about potential method biases, and the pervasiveness of research settings with the potential to produce them, there is disagreement about whether they really are a problem for researchers in the behavioral sciences. Therefore, the purpose of this review is to explore the current state of knowledge about method biases. First, we explore the meaning of the terms "method" and "method bias" and then we examine whether method biases influence all measures equally. Next, we review the evidence of the effects that method biases have on individual measures and on the covariation between different constructs. Following this, we evaluate the procedural and statistical remedies that have been used to control method biases and provide recommendations for minimizing method bias.
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            Partial least squares structural equation modeling (PLS-SEM): A useful tool for family business researchers

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              Family Involvement, Family Influence, and Family-Centered Non-Economic Goals in Small Firms

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                Author and article information

                Journal
                bar
                BAR - Brazilian Administration Review
                BAR, Braz. Adm. Rev.
                ANPAD - Associação Nacional de Pós-Graduação e Pesquisa em Administração (Maringá, PR, Brazil )
                1807-7692
                2020
                : 17
                : 2
                : e180139
                Affiliations
                [2] Antwerpen orgnameUniversiteit Antwerpen Belgium
                [3] São Paulo São Paulo orgnameUniversidade Presbiteriana Mackenzie Brazil
                [1] São Paulo São Paulo orgnameUniversidade de São Paulo Brazil
                Article
                S1807-76922020000200301 S1807-7692(20)01700200301
                10.1590/1807-7692bar2020180139
                c468831a-3099-4840-8ed7-1e0f59075952

                This work is licensed under a Creative Commons Attribution 4.0 International License.

                History
                : 03 April 2020
                : 25 November 2018
                Page count
                Figures: 0, Tables: 0, Equations: 0, References: 84, Pages: 0
                Product

                SciELO Brazil

                Self URI: Full text available only in PDF format (EN)
                Categories
                Research Article

                stewardship theory,performance,family firm,family involvement in management,family CEO

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