Cultural and family management effects on human resource management practices in family businesses
Perry, John T. Chand, Masud
Perry, John T.
Chand, Masud
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Issue Date
2017-11-30
Type
Conference paper
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Keywords
Family business,GLOBE cultural dimensions,HRM rpactices
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Citation
Perry, John and Chand, Masud, 2017: Cultural and Family Management Effects on Human Resource Management Practices in Family Businesses. Proceedings, 2017, https://doi.org/10.5465/AMBPP.2017.10300abstract
Abstract
Like all businesses, family owned businesses feel pressure to conform to management “best practices.” In the case of human resource management, these best practices include committing to the business’s most talented employees and adopting merit-based hiring, promotion, incentive, and retention practices. But, family owners may believe that adopting these practices is not in their best interest. Family owners’ ability to adopt, or resist the adoption of these best practices depends on cultural influences in the countries in which their businesses reside, and their ability to control the management of their businesses. In this study, we examine the effects of three cultural dimensions (cultural assertiveness, institutional collectivism, and power distance) and family managerial control on the human resource management practices that family businesses use. Utilizing cross-cultural and socioemotional wealth arguments, we develop and test hypotheses using a sample of 2827 family businesses in 22 countries. The results indicate that cultural assertiveness and institutional collectivism are related positively to family businesses’ levels of talent commitment and merit-based human resource management, and power distance and the number of family managers were related negatively to businesses’ levels of talent commitment and merit-based human resource management. The study contributes to the cross-cultural and family business literatures.
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Description
"Academy of Management Annual Meeting Proceedings includes abstracts of all papers and symposia presented at the annual conference, plus 6-page abridged versions of the ‘Best Papers’ accepted for inclusion in the program (approximately 10%).”
Published online 30 November 2017. Published in print 1 August 2017.
Published online 30 November 2017. Published in print 1 August 2017.
Publisher
Academy of Management
Journal
Academy of Management Annual Meeting Proceedings