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Family members' salience in family business : an identity-based stakeholder approach

(2023) JOURNAL OF BUSINESS ETHICS. 183(1). p.191-211
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Abstract
The paper builds on the stakeholder salience framework and applies a social identity approach to explain family firm dynamics and how these could impact on family firm governance and ethics. In particular, we consider the family as the main stakeholder for family firms and we refer to the recent approaches to stakeholder theory based on 'names-and-faces' and on social identity to focus on family members at the individual and organizational level. Family businesses offer an opportunity to study stakeholder salience in settings with multiple logics. Our paper acknowledges how the attributes of legitimacy, power and status, for family business members, can derive from three different institutional settings (family, business and local community) and how these attributes are assigned and gained by family members on the basis of the stakes they put (or could put) on the business. From the analysis of these dynamics specific ethical considerations emerge.
Keywords
SOCIOEMOTIONAL WEALTH, SOCIAL-RESPONSIBILITY, CONTROLLED FIRMS, FACES, APPROACH, MANAGEMENT, ENTREPRENEURSHIP, STEWARDSHIP, ETHICS, FUTURE, IDENTIFICATION, Stakeholder theory, Family business, Social identity, Dynamics, Stakeholder salience, Business ethics, Family business ethics, Governance, Socioemotional wealth

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MLA
Signori, Silvana, and Yves Fassin. “Family Members’ Salience in Family Business : An Identity-Based Stakeholder Approach.” JOURNAL OF BUSINESS ETHICS, vol. 183, no. 1, 2023, pp. 191–211, doi:10.1007/s10551-021-04998-8.
APA
Signori, S., & Fassin, Y. (2023). Family members’ salience in family business : an identity-based stakeholder approach. JOURNAL OF BUSINESS ETHICS, 183(1), 191–211. https://doi.org/10.1007/s10551-021-04998-8
Chicago author-date
Signori, Silvana, and Yves Fassin. 2023. “Family Members’ Salience in Family Business : An Identity-Based Stakeholder Approach.” JOURNAL OF BUSINESS ETHICS 183 (1): 191–211. https://doi.org/10.1007/s10551-021-04998-8.
Chicago author-date (all authors)
Signori, Silvana, and Yves Fassin. 2023. “Family Members’ Salience in Family Business : An Identity-Based Stakeholder Approach.” JOURNAL OF BUSINESS ETHICS 183 (1): 191–211. doi:10.1007/s10551-021-04998-8.
Vancouver
1.
Signori S, Fassin Y. Family members’ salience in family business : an identity-based stakeholder approach. JOURNAL OF BUSINESS ETHICS. 2023;183(1):191–211.
IEEE
[1]
S. Signori and Y. Fassin, “Family members’ salience in family business : an identity-based stakeholder approach,” JOURNAL OF BUSINESS ETHICS, vol. 183, no. 1, pp. 191–211, 2023.
@article{8731640,
  abstract     = {{The paper builds on the stakeholder salience framework and applies a social identity approach to explain family firm dynamics and how these could impact on family firm governance and ethics. In particular, we consider the family as the main stakeholder for family firms and we refer to the recent approaches to stakeholder theory based on 'names-and-faces' and on social identity to focus on family members at the individual and organizational level. Family businesses offer an opportunity to study stakeholder salience in settings with multiple logics. Our paper acknowledges how the attributes of legitimacy, power and status, for family business members, can derive from three different institutional settings (family, business and local community) and how these attributes are assigned and gained by family members on the basis of the stakes they put (or could put) on the business. From the analysis of these dynamics specific ethical considerations emerge.}},
  author       = {{Signori, Silvana and Fassin, Yves}},
  issn         = {{0167-4544}},
  journal      = {{JOURNAL OF BUSINESS ETHICS}},
  keywords     = {{SOCIOEMOTIONAL WEALTH,SOCIAL-RESPONSIBILITY,CONTROLLED FIRMS,FACES,APPROACH,MANAGEMENT,ENTREPRENEURSHIP,STEWARDSHIP,ETHICS,FUTURE,IDENTIFICATION,Stakeholder theory,Family business,Social identity,Dynamics,Stakeholder salience,Business ethics,Family business ethics,Governance,Socioemotional wealth}},
  language     = {{eng}},
  number       = {{1}},
  pages        = {{191--211}},
  title        = {{Family members' salience in family business : an identity-based stakeholder approach}},
  url          = {{http://doi.org/10.1007/s10551-021-04998-8}},
  volume       = {{183}},
  year         = {{2023}},
}

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