How Do Labor Market Institutions Influence the Preference to Work in Family Firms? A Multilevel Analysis Across 40 Countries
| Autor: | James Lau, André Presse, Martin Obschonka, Christian Fisch, Jorn H. Block |
|---|---|
| Přispěvatelé: | Applied Economics |
| Jazyk: | angličtina |
| Rok vydání: | 2019 |
| Předmět: |
Economics and Econometrics
Labour economics Entrepreneurship Intrapreneurship media_common.quotation_subject Strategy & innovation [B08] [Business & economic sciences] Wage employer branding Context (language use) Labor Market Institutions Occupational Choice Stratégie & innovation [B08] [Sciences économiques & de gestion] 0502 economics and business Employer branding Business and International Management Family Firms media_common Cross-country Study 05 social sciences Multilevel model Employer Branding SDG 8 - Decent Work and Economic Growth Preference Job security occupational choice labor market institutions 150304 Entrepreneurship cross-country study 050211 marketing Business Family firms 050203 business & management |
| Zdroj: | Entrepreneurship: Theory and Practice, 43(6), 1067-1093. Wiley-Blackwell Entrepreneurship Theory and Practice |
| ISSN: | 1540-6520 1042-2587 |
| Popis: | Family firms must attract talented employees to stay competitive. They have different employer characteristics than nonfamily firms. For example, although they generally offer lower wages, they also typically offer higher job security and a more cooperative and entrepreneurial work environment. However, drawing on occupational choice theory, we argue that the importance of these unique family firm characteristics depends on the national labor market context in which the family firm is embedded. A multilevel investigation of 12,746 individuals in 40 countries shows that individuals prefer to work in family firms in labor markets with flexible unregulated hiring and firing practices, centralized wage determination, and low labor–employer cooperation. A cross-level analysis further shows that the national labor market context moderates the effects of individual-level factors determining the preference to work in a family firm (e.g., entrepreneurship intention). Our article is the first to consider labor market institutions in research on family firms as employers. Practical implications exist for family firms regarding their employer branding and intrapreneurship strategies. |
| Databáze: | OpenAIRE |
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