Title

How moral and social values become embedded in family firms

Department/School

Entrepreneurship; Center for Family Business

Date of this version

2013

Document Type

Article

Keywords

values, communication, identity, family capital, trust

Abstract

Research suggests that moral values are more prevalent in family than nonfamily firms. This paper offers a model and propositions that suggest how family values are clarified, reinforced, and socialized into firms. First, social capital within the family helps clarify and reinforce values. Then, families socialize the business in their values through multiple family members working in the business, the founder promoting family values in the firm, or multiple family owners agreeing on and promoting values in the business.

Published in

Family Business Review

Citation/Other Information

Published online only- print edition forthcoming

http://dx.doi.org/10.1080/14766086.2012.758050