Theoretical Perspectives on Family Businesses

Theoretical Perspectives on Family Businesses

Edited by Mattias Nordqvist, Leif Melin, Mattias Waldkirch and Gershon Kumeto

Family business has become an increasingly studied field over the last decade and forms one of the fastest growing research areas today. The uniqueness of family businesses is the interaction between two systems; the family and the business systems, leading to specific characteristics that we rarely see in other types of businesses. In order to understand the interaction between the family and the business systems, researchers have adopted a diverse range of theories from different fields. The contributors provide a thorough discussion of thirteen theoretical perspectives that have been used in family business research to a varying degree. Each chapter introduces a theory, demonstrates its previous application in family business research and offers compelling ideas for future research that could contribute to both the family business field and the original theory behind it. This book aims to spark new insights for researchers and PhD students in the field of family business, and is also a good introduction for researchers who are new to the field.

Chapter 6: Theory of planned behaviour and the family business

Andrea Kuiken

Subjects: business and management, entrepreneurship, family business, organisational behaviour, organisation studies

Abstract

The theory of planned behaviour is a theory originating from psychology. Over time, the theory has been applied to a variety of research areas. In business administration, the theory is used to gain insight into the ethical behaviour of managers, the adoption of new products and entrepreneurship. The family business context is a specific context, in which the family has a strong influence on the strategic decisions of the business. Current application of the theory of planned behaviour in family business research focuses on succession. The main level of analysis in this research is the individual. To gain a deeper understanding of family business decision making, a theory is required that can be applied at multiple levels. In this chapter, it is argued that application of the theory of planned behaviour at the family and business level is possible because interaction between individuals results in the creation of common beliefs and intentions. This opens up future research avenues using the theory of planned behaviour, such as corporate entrepreneurship and the internationalisation of family firms. Keywords: theory of planned behaviour, family business, strategic decision making, multi-level analysis, corporate entrepreneurship, internationalisation

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