Do Family Firms Have Better Reputations Than Non‐Family Firms? An Integration of Socioemotional Wealth and Social Identity Theories

• DOI: 10.1111/joms.12015
• Publication Date: 2013-01-14T14:32:43Z
• Authors: David L. Deephouse; Peter Jaskiewicz
• Keywords: Socioemotional selectivity theory; Organizational Identity; Identification

Abstract We draw from socioemotional wealth and social identity research to develop a theory on reputational differences among family non‐family firms. propose that members identify more strongly with their firm than do either or firm. Heightened identification motivates pursue favourable reputation because it allows them feel good about themselves, thus contributing wealth. hypothesize when the family's name is part of firm's name, higher are particularly motivated for have better reputation. Family also need organizational power reputation; thus, we level ownership board presence should be associated reputations. find support our in sample large firms eight countries disparate governance systems cultures.