Reference : How do labor market institutions influence the preference to work in family firms? A ...
Scientific journals : Article
Business & economic sciences : Strategy & innovation
Entrepreneurship and Innovation / Audit
http://hdl.handle.net/10993/50158
How do labor market institutions influence the preference to work in family firms? A multilevel analysis across 40 countries
English
Block, Jörn []
Fisch, Christian mailto []
Lau, James []
Obschonka, Martin []
Presse, André []
2019
Entrepreneurship: Theory and Practice
SAGE
43
6
1067-1093
Yes (verified by ORBilu)
1042-2587
1540-6520
Thousand Oaks
CA
[en] Family firms ; occupational choice ; employer branding ; cross-country study ; labor market institutions
[en] 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.
http://hdl.handle.net/10993/50158
10.1177/1042258718765163

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