Commitment Escalation to a Failing Family Business

Journal of Small Business Management, Forthcoming

36 Pages Posted: 12 Oct 2015 Last revised: 13 Oct 2015

See all articles by Francesco Chirico

Francesco Chirico

Macquarie University, Macquarie Business School; Jonkoping University - Jonkoping International Business School (JIBS)

Carlo Salvato

Bocconi University - Department of Management and Technology

Barbara Byrne

University of Ottawa

Naveed Akhter

Jonkoping University - Jonkoping International Business School (JIBS)

Juan Arriaga

Instituto Tecnologico y de Estudios Superiores de Monterrey (ITESM), EGADE Business School

Multiple version iconThere are 3 versions of this paper

Date Written: October 11, 2015

Abstract

The overarching intent of this manuscript is to heighten awareness to the concept of commitment escalation as it bears on a failing family business. Specifically, drawing on the concept of emotional ownership, together with self-justification arguments, we a) identify factors considered to be most forceful in contributing to the presence of commitment escalation and thus, resistance to change in a failing family business (i.e., emotional ownership, feeling of responsibility, investment of capital, temporal distance from the founder’s business, individualism/collectivism), and b) model these related factors in a form that can serve heuristically to stimulate future empirical research capable of testing for the construct validity of commitment escalation in a family business context. We present potential items that may be useful for future scholars in measuring our constructs of interest as they relate to a failing family business.

Keywords: family business, commitment entrapment, commitment escalation, resistance to change, exit

Suggested Citation

Chirico, Francesco and Salvato, Carlo and Byrne, Barbara and Akhter, Naveed and Arriaga, Juan, Commitment Escalation to a Failing Family Business (October 11, 2015). Journal of Small Business Management, Forthcoming, Available at SSRN: https://ssrn.com/abstract=2672634

Francesco Chirico (Contact Author)

Macquarie University, Macquarie Business School ( email )

New South Wales 2109
Australia

Jonkoping University - Jonkoping International Business School (JIBS) ( email )

Jönköping, 55111
Sweden

Carlo Salvato

Bocconi University - Department of Management and Technology ( email )

Via Roentgen 1
Milan, MI 20136
Italy

Barbara Byrne

University of Ottawa ( email )

2292 Edwin Crescent
Ottawa, Ontario K2C 1H7
Canada

Naveed Akhter

Jonkoping University - Jonkoping International Business School (JIBS) ( email )

Jönköping, 55111
Sweden

Juan Arriaga

Instituto Tecnologico y de Estudios Superiores de Monterrey (ITESM), EGADE Business School ( email )

Ave. Fundadores y Rufino Tamayo
Garza-Garcia, Nuevo Laredo 66269
Mexico

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