The Psychological Foundations of Management in Family Firms: Values, Biases, and Heuristics

Pasquale Massimo Picone, Alfredo De Massis, Yi Tang, Ronald F. Piccolo

Risultato della ricerca: Articlepeer review

Abstract

Considering the heterogeneity of family firm behaviors as reflecting the values, biases, and heuristics of individuals, we discuss the implications of the psychological foundations of management in family firms. We develop a conceptual framework for investigating how the values, biases, and heuristics of family and nonfamily members affect strategic decision-making and the outcomes of family firms. To advance the field, we put forward some relevant questions and offer a future research agenda at the intersection of the psychological foundations of management and family business.
Lingua originaleEnglish
Numero di pagine21
RivistaFamily Business Review
Stato di pubblicazionePublished - 2021

All Science Journal Classification (ASJC) codes

  • Business, Management and Accounting (miscellaneous)
  • Finance

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