Who Prefers Working in a Family Firm? An Exploratory Study of Individuals’ Organizational Preferences Across 40 Countries

25 Pages Posted: 4 Sep 2015

See all articles by Jorn H. Block

Jorn H. Block

University of Trier - Faculty of Management; Erasmus University Rotterdam (EUR) - Institute of Management (ERIM)

Christian Fisch

University of Trier - Faculty of Management; Erasmus University Rotterdam (EUR) - Department of Applied Economics; Erasmus Research Institute of Management (ERIM)

James Lau

Macquarie University; Macquarie University, Macquarie Business School

Martin Obschonka

University of Jena

André Presse

Karlsruhe Institute of Technology

Date Written: August 28, 2015

Abstract

Employees can work in family firms or non-family firms. Yet, little is known on the determinants of this particular occupational choice decision. Using a sample of more than 15,000 individuals in 40 countries, we empirically explore individual preferences to work in family firms. Our results show that socio-demographic, occupation-related, and entrepreneurship-related variables influence the preference to work in family firms. For example, a preference to work in family firms correlates positively with being female, labor market experience, being retired, opinion on entrepreneurs, and self-employment intention, while it correlates negatively with length of full-time education, living in an urban area, and household income.

Keywords: Family firms, individual preferences, cross-country study, organizational preference

JEL Classification: M12, M16

Suggested Citation

Block, Jorn Hendrich and Fisch, Christian and Lau, James and Obschonka, Martin and Presse, André, Who Prefers Working in a Family Firm? An Exploratory Study of Individuals’ Organizational Preferences Across 40 Countries (August 28, 2015). Available at SSRN: https://ssrn.com/abstract=2654608 or http://dx.doi.org/10.2139/ssrn.2654608

Jorn Hendrich Block (Contact Author)

University of Trier - Faculty of Management ( email )

D-54296
Germany

Erasmus University Rotterdam (EUR) - Institute of Management (ERIM) ( email )

Burgemeester Oudlaan 50
3000 DR Rotterdam, Zuid-Holland 3062PA
Netherlands

Christian Fisch

University of Trier - Faculty of Management ( email )

Universitätring 15
Trier, 54296
Germany
0049 651 2013033 (Phone)

HOME PAGE: http://www.unternehmensfuehrung.uni-trier.de

Erasmus University Rotterdam (EUR) - Department of Applied Economics ( email )

Netherlands

Erasmus Research Institute of Management (ERIM) ( email )

P.O. Box 1738
3000 DR Rotterdam
Netherlands

James Lau

Macquarie University ( email )

North Ryde
Sydney, New South Wales 2109
Australia

Macquarie University, Macquarie Business School ( email )

New South Wales 2109
Australia

Martin Obschonka

University of Jena ( email )

Fürstengraben 1
Jena, 07743
Germany

André Presse

Karlsruhe Institute of Technology ( email )

Kaiserstraße 12
Karlsruhe, Baden Württemberg 76131
Germany

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